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Sled
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February 15, 2018, 12:13:06 PM |
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Hello guys...
I have diversified my portfolio to about 25 different cryptos which were worth about 7000-8000$ just before the bitcoin crash came and I am wondering whats the exact reason behind this, when or will it recover (and so the alt coins I hold, don't have any bitcoin).
Why do almost all alt coins crash because of the bitcoin crash or correction?
My portfolio is worth only 4000$ atm.
Sorry for being an beginning idiot and asking this and thanks for everybody who can explain it to me
It may seem that you have made a bad choice since you choose to buy different tokens in one go even as a newbie and not to mention that crashes happens later on which makes most of them reduces in value but don't worry. All you have to do is hold and you will eventually earn your desired profit from your portfolio, diversity of coins in your portfolio is also a good move and crashes do come from time to time though you should have bought your coins when these crashes happens and not when the prices are high nevertheless you can always hold until they are profitable enough. Well you took diversifying real serious there to have 25 different coins dude lol but that may one day make you rich. Though you may have to check double time the movement of the coins you've purchased and that isn't going to be as easy as it looks. Just be careful and if you plan on holding, disregard if at the moment you're 50% at a loss. Your time will definitely come and that kind of portfolio can be an envy of many traders In my opinion that number of coins are not going anywhere good because 25 coins is like you are giving away your money. It is too much and not all of that will make you rich and the best thing to do right now is to just minimize your portfolio into a lesser number and just manage at least 3 altcoins because that is the best number for a long term investment. |
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buihoa1995
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February 15, 2018, 12:19:52 PM |
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You want to understand something. If you are trading, you should study the growth chart and look at it every day after each rise and fall.
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markk94
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February 15, 2018, 12:23:52 PM |
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well, your situations is kinda same for me too. i am right now still holding until my basic portfolio reached again. well, you could play some tricks to gain back what your loses but kinda hard to do it. you could use some chance in bump of the prices. sell it for now, buy at low prices, when bump you going to sell that. kinda hard to re owned what you used to have with this trick. the safest play to do is to hodl for right now.
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mattmct
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February 17, 2018, 03:43:48 AM |
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You are correct it will be useful for at that point in the event that we will control them well about bitcoin, as though they will know simple and straightforward approach to utilize bitcoin then they will think that its simple however in the event that at begin we won't reveal to them simple method for bitcoin making then they will be blur up with bitcoin at begin and won't contribute more. So simply reveal to them the most effortless method for utilizing bitcoin so they will have the capacity to assemble brilliant future with bitcoin speculation.
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JCSHALOM
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February 17, 2018, 03:49:05 AM |
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bitcoiners should start with an understanding that they should have first a bitcoin account for them to read the things happening in bitcoin.
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LuffyD.Monkey
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February 17, 2018, 05:34:21 AM |
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All I can say is just hold, we do not know when it will recover but I am sure if you continue to hold you will never lose.
That is why the crypto investing is called a high risk is because of this kind of situation, think that the entire marketcap had significantly grow and this time we have witness a lot of bad news which some media have exaggerated it, don't listen to them, do your own analysis because whales are doing everything to buy cheap coins before they will start to pump this again.
If you have a diversified portfolio, Do not worry about the crashes too much, Besides you have a larger market place to work with, Just do not panic and wait for the recovery of each coin you have. Mind the risk, but use it as your guide in managing your altcoins. Wait for the price correction of bitcoin. Stay wise and aware. Lol that’s true. He’s a very lucky man, cause he’s like someone that has backup. Quite a good plan, Diversifying your investment. Even if bitcoin happens to fall today, this guy will still be lucky and will be saved by other cryptocurrencies he has invested on. I don’t invest in much, only Bitcoin and five other coins, that’s all I have for now. But I’m planning to start investing in more good altcoins. |
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MD Milon
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February 17, 2018, 06:06:42 AM |
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Bitcoin is a digital currency.to help others how to handle bitcoin and share knowledge about bitcoin.and its help to beginner understand. Also I can say that if you are a long term investment, it takes time before you will earn and some of altcoins are for long term investment because their prices are too slow to rise up. Just wait and take some time.
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ginika
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February 18, 2018, 06:13:22 PM |
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Steps to Helping Beginners Understanding Btc is to give them a basic idea of the knowledge and guidance an Btc trader must have, which really needs to understand basic needs before trading in a volatile btc market.
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michellee
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February 19, 2018, 06:51:57 AM |
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Steps to Helping Beginners Understanding Btc is to give them a basic idea of the knowledge and guidance an Btc trader must have, which really needs to understand basic needs before trading in a volatile btc market.
I think they need to learn the basic first and don't teach about trading because this will makes them confuse and need to learn more details. but if they already know about bitcoin, then maybe they can learn about trading. sometimes they need to learn from the basic first and then learn to trade because it will give them a good info that bitcoin price is volatile and they need to know first before they decide to do trading. |
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Aso at bata
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February 19, 2018, 10:55:22 AM |
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All I can say is they have to read, learn and understand all the rules step by step. They need more time, stay calm and be patience do everything you know.
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green bottle blue
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February 19, 2018, 12:39:20 PM |
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All I can say is they have to read, learn and understand all the rules step by step. They need more time, stay calm and be patience do everything you know.
Yeah, as what I did. I need to gain my knowledge about bitcoin as I am so interested this kind of job. Many of my friends out their didn't render overtime on their regular job as they have already a sideline by doing this kind of job. I hope someday I'm one of them. |
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maculeth
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BountyMarketCap
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February 19, 2018, 12:44:27 PM |
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when bitcoin is crash, demand of bitcoin becomes down. as well as altcoin enthusiasts, demand will go down as well and make the price drop as demand decreases. hold it, everything will be fine.
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Dontme
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February 19, 2018, 12:45:28 PM |
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Actually we are all experiencing down when it comes in crypto this is not only about always rusing but it is also all about low market. When low or down market obviously we experienced great lose especially when we based it in bitcoin. Bitcoin lost also 70% of the price where all of us become panicked but that was normal and we should wait even though it is still in the deep because soon it will rise again.
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BartS
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February 20, 2018, 06:12:39 PM |
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Hello guys...
I have diversified my portfolio to about 25 different cryptos which were worth about 7000-8000$ just before the bitcoin crash came and I am wondering whats the exact reason behind this, when or will it recover (and so the alt coins I hold, don't have any bitcoin).
Why do almost all alt coins crash because of the bitcoin crash or correction?
My portfolio is worth only 4000$ atm.
Sorry for being an beginning idiot and asking this and thanks for everybody who can explain it to me
You hold to much many altcoins at your portfolio. My advise is try to consider trimming down your portfolio to smaller number maybe maximum of 10 minimum of 5. This is to make sure that you can properly monitor your portfolio. Altcoins performance are mostly dependent to BTC performance so always expect that any movement of BTC altcoins will follow. Market corrections is the main reason of price movement of BTC. In my opinion 5 altcoins are the sweet spot for an investor because more than 5 altcoins is a hard task to keep monitoring your cryptocurrencies because they are so volatile and there is still a lot of things to monitor to make sure that your investment is having a good progress so it is best to just stick to maximum of 5 altcoins. It depends on how much time you have to dedicate to trading, if you are working a full time job and have a family the truth is you are not going to have a lot of time to monitor the markets everyday so holding 5 coins seems like a good idea to me, but if you are young and do not have any responsibilities and you are dedicated 100% to bitcoin then holding more than 20 coins may be a good option for those that are deeply invested in bitcoin not only in terms of money but in their time as well. |
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fasdorcas
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February 21, 2018, 10:49:14 AM |
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when bitcoin is crash, demand of bitcoin becomes down. as well as altcoin enthusiasts, demand will go down as well and make the price drop as demand decreases. hold it, everything will be fine.
Same I would say ups and down is the future of bitcoin it use to increase and decrease it cannot be stable so if price is low it is all about patience if we will hold bitcoin it is all full of profit but if you will show greed and impatience then it will cause danger for your profit. Profit of bitcoin is all about price so it is not very much to say but just try to buy at low price and sell at high price so it will be great profit indeed. |
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Zach707
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February 21, 2018, 11:02:36 AM |
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Hello guys...
I have diversified my portfolio to about 25 different cryptos which were worth about 7000-8000$ just before the bitcoin crash came and I am wondering whats the exact reason behind this, when or will it recover (and so the alt coins I hold, don't have any bitcoin).
Why do almost all alt coins crash because of the bitcoin crash or correction?
My portfolio is worth only 4000$ atm.
Sorry for being an beginning idiot and asking this and thanks for everybody who can explain it to me
Don't you worry about the value of your portfolio right now. Don't panic, all you have to do is monitor the value but don't you ever sell your coins to avoid lose. Your portfolio maybe down but it does not mean you already lose some money. Hold it until everything goes back to normal. |
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okwang231
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February 21, 2018, 11:15:33 AM |
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as new to bitcoin or cryptocurrency before I enter this trend I'm well aware of what cryptocurrency really will I admit so it's not easy to learn because I do not know much about cryptocurrency only basic features I know here so I want to learn and lesson the bitcoin.
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bluered
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February 21, 2018, 11:22:32 AM |
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I'm also a beginner but i'm willing to teach help other. I will teach them the basic that i know.
Hey thanks for considering us beginner, we really need the help of the old bitcoin users for us have more idea on managing our acount. It is really hard to understand some terms here because the meaning of it is different from the meaning that we ussually know. We are also experiencing hard time to look for the topic that we can discuss on, because the terms and the topic is unfamilliar. So for me and for other beginner here we must read more for us to understand more things here about bitcoin and crypto currency. |
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Rrotess
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February 21, 2018, 11:52:38 AM |
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Hello guys...
I have diversified my portfolio to about 25 different cryptos which were worth about 7000-8000$ just before the bitcoin crash came and I am wondering whats the exact reason behind this, when or will it recover (and so the alt coins I hold, don't have any bitcoin).
Why do almost all alt coins crash because of the bitcoin crash or correction?
My portfolio is worth only 4000$ atm.
Sorry for being an beginning idiot and asking this and thanks for everybody who can explain it to me
Try to read this one.Everything is possible if you tried the best as you can in a positive way. https://bitcointalk.org/index.php?topic=1689727.0 |
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izzabel
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February 21, 2018, 11:57:32 AM |
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Hello guys...
I have diversified my portfolio to about 25 different cryptos which were worth about 7000-8000$ just before the bitcoin crash came and I am wondering whats the exact reason behind this, when or will it recover (and so the alt coins I hold, don't have any bitcoin).
Why do almost all alt coins crash because of the bitcoin crash or correction?
My portfolio is worth only 4000$ atm.
Sorry for being an beginning idiot and asking this and thanks for everybody who can explain it to me
We help beginners ti understand because we also try if being a beginner we should explain to them carefully give some hint about bitcoin world |
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