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Author Topic: My coins percentage down  (Read 761 times)
Gozie51
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December 15, 2021, 10:09:23 PM
 #21

I suggest not to study copycats, this is the truth, study Bitcoin, Ethereum, and nothing else, so that you can get a longer time.

Bitcoin and Ethereum are good investment but they are not the only good coins that are available. There are other altcoins with use case. Most coins in top 20 in both CMC and coingecko are quality coins for a longtime investment. It is better to research through them like BnB is doing good, solana, cardano are also a longtime investment.

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December 16, 2021, 05:03:05 AM
 #22

I suggest not to study copycats, this is the truth, study Bitcoin, Ethereum, and nothing else, so that you can get a longer time.

Yes I totally agree with your suggestion because that way we can also keep our assets safe in the event of a price drop that we don't expect because our priority is only on Bitcoin or ethereum.
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December 17, 2021, 01:46:43 PM
 #23

I suggest not to study copycats, this is the truth, study Bitcoin, Ethereum, and nothing else, so that you can get a longer time.

Yes I agree with your suggestion because that way we can also keep our assets safe in the event of a price drop that we don't expect because our priority is only on Bitcoin or ethereum.
I was advised some time ago to change my altcoin into Bitcoin since Bitcoin has a more stable price compared to altcoin and I did so and the result was positive those altcoins I was holding before have now dropped to almost zero in price.

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December 17, 2021, 01:55:59 PM
 #24

Yes I totally agree with your suggestion because that way we can also keep our assets safe in the event of a price drop that we don't expect because our priority is only on Bitcoin or ethereum.
Bitcoin and Ethereum are two coins that very often go down simultaneously and also increase simultaneously too, so to secure assets into these two coins is still a little less secure so you need to consider stable coins like USDT and also others to secure assets if you are not using them for long time.
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December 17, 2021, 02:20:02 PM
 #25

Even though the entire cryptocurrency and none crypto assets on the stock market price are down currently but the level at which my various altcoins portfolio crashed backward baffles me, please can anyone explain for me how the altcoins market works.

In fact, digital currencies have a special impression that makes them unstable. They can drift downward as well as return to the top, so you must be in a good psychological state and not be irritated with the sharp volatility that the market knows, and you must choose currencies worth storing such as Bitcoin!!!
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December 17, 2021, 02:37:42 PM
 #26

When the market is down, our assets are automatically down, this December my crypto assets are also down more than 14%, this is because I was late in switching to stable coins, and I will monitor the market at least once a day to be able to make the best decision, namely hold in coin or park to coin stable.

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December 17, 2021, 04:43:42 PM
 #27

When the market is down, our assets are automatically down, this December my crypto assets are also down more than 14%, this is because I was late in switching to stable coins, and I will monitor the market at least once a day to be able to make the best decision, namely hold in coin or park to coin stable.
Presently the entire cryptocurrency market is down and most altcoins dumped drastically which made our portfolio to also dropped at the moment ethereum is selling for 3700 which is an indication of the true condition of the market.

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December 17, 2021, 07:00:24 PM
 #28

Even though the entire cryptocurrency and none crypto assets on the stock market price are down currently but the level at which my various altcoins portfolio crashed backward baffles me, please can anyone explain for me how the altcoins market works.

You should be the one who knows better why your Altcoins portfolio is down, even though Bitcoin and Altcoins have their respective price increase factors, for example from news (regarding socio-cultural, altcoin project development, token release and others).

As you said that your Altcoins portfolio is down, it means that there is something that supports the situation, try to find out for yourself about the Altcoins you are investing in.

R


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December 17, 2021, 07:52:22 PM
 #29

Even though the entire cryptocurrency and none crypto assets on the stock market price are down currently but the level at which my various altcoins portfolio crashed backward baffles me, please can anyone explain for me how the altcoins market works.

Let me explain with some few illustration, in the past years, Bitcoin has risen from a price of $4k to highs of $60k+ meaning Bitcoin rise between 13-15x depending on which lows and highs you choose. Now when it come to altcoins, we have many coins that have done 100s of x which means people are most likely going to pull out more money form this project as they anticipate other Investors doing the same.

Also history doesn't favor the altcoins which is another reason investors would want to secure their gains as a result the market crashes more. If yo yo take a trip down memory lane, the altcoins market get the most corrections as coins correct 70-90% during the bear and just few survive this crash mainly because new and more attractive duplicate projects are created and they take the attention from the inferior/old ones also new trend take over the altcoin market and the hype on the old trend dies down.

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December 17, 2021, 08:51:32 PM
 #30

Even though the entire cryptocurrency and none crypto assets on the stock market price are down currently but the level at which my various altcoins portfolio crashed backward baffles me, please can anyone explain for me how the altcoins market works.

Let me explain with some few illustration, in the past years, Bitcoin has risen from a price of $4k to highs of $60k+ meaning Bitcoin rise between 13-15x depending on which lows and highs you choose. Now when it come to altcoins, we have many coins that have done 100s of x which means people are most likely going to pull out more money form this project as they anticipate other Investors doing the same.

Also history doesn't favor the altcoins which is another reason investors would want to secure their gains as a result the market crashes more. If yo yo take a trip down memory lane, the altcoins market get the most corrections as coins correct 70-90% during the bear and just few survive this crash mainly because new and more attractive duplicate projects are created and they take the attention from the inferior/old ones also new trend takes over the altcoin market and the hype on the old trend dies down.
I love this illustration and it gave clear information and cleared my confusion now I know the altcoin market is the most volatile in terms of movement and percentages.
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December 17, 2021, 09:17:00 PM
 #31

Even though the entire cryptocurrency and none crypto assets on the stock market price are down currently but the level at which my various altcoins portfolio crashed backward baffles me, please can anyone explain for me how the altcoins market works.
This is exactly what I feel right now, my portfolio is really down because I hold a lot of altcoins, I am wondering if the market keep going red, how can I feel but patient is the key here if not some will sell at lost due to panic. That's why it's a very good advice that one should not invest more than What you cannot afford to loose.

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December 17, 2021, 09:39:24 PM
 #32

Even though the entire cryptocurrency and none crypto assets on the stock market price are down currently but the level at which my various altcoins portfolio crashed backward baffles me, please can anyone explain for me how the altcoins market works.
Altcoins work according to bitcoin, if the condition of bitcoin is corrected, then altcoi also get an effect, that's why people always say that the development of altcoins is largely determined by bitcoin, no one is even able to analyze altcoins when bitcoin is corrected, and when I learned almost everything was true , but not forever the two coins will move the same, both correction and pumping.

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December 17, 2021, 09:46:54 PM
 #33

Even though the entire cryptocurrency and none crypto assets on the stock market price are down currently but the level at which my various altcoins portfolio crashed backward baffles me, please can anyone explain for me how the altcoins market works.
Check hugeblack's reply. You might have been reading it wrong if it only in one website. Mostly when I check the price of the coin say for one : bitcoin, I would check "btc to usd" in Google quickly then double check it with various sites.
Some are writing it wrong in their site maybe due to traffic.
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December 17, 2021, 09:49:11 PM
 #34

Most altcoins will follow Bitcoin. Once Bitcoin is crashed, altcoins will be more crashed. The chance of altcoins to rise up is after the rising up of Bitcoin itself. I know what you feeling because all of my altcoin assets are also decreasing, moreover there are some altcoins that decreased more than 50% from what I bought. This may be very risky and also hurt, but that is the risk of investing in altcoins.
That is why some management of funds is very important, where we must decide on how much we invest in Bitcoin and how much in altcoins. What kind of altcoins and also what kind of future einvestment.

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December 17, 2021, 10:04:31 PM
 #35

Even though the entire cryptocurrency and none crypto assets on the stock market price are down currently but the level at which my various altcoins portfolio crashed backward baffles me, please can anyone explain for me how the altcoins market works.
Altcoins work according to bitcoin, if the condition of bitcoin is corrected, then altcoi also get an effect, that's why people always say that the development of altcoins is largely determined by bitcoin, no one is even able to analyze altcoins when bitcoin is corrected, and when I learned almost everything was true , but not forever the two coins will move the same, both correction and pumping.
Although it is believed that the movement of altcoins is strongly influenced by the movement of Bitcoin, it still cannot be considered a complete dependence. At different times, some altcoins may move in completely opposite directions. This unpredictability is a feature of young markets, which includes the crypto market. For this reason, here we can get both fantastic profits and huge losses.
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December 17, 2021, 10:18:43 PM
 #36



I do not know if this is true, but I have heard that some people convert altcoins to bitcoin during bear market, but even if it is not true, altcoins are sold than bitcoin which is the reason for the more altcoin price fall.

Some traders do this but the majority prefer to trade their coins to stable coins like USDT, BUSD because these are stable coins they are pegged to $1 and they hardly go down or go up, it was created for this purpose to convert your coins and protect your investment, it's a big help during the bear market and once the market shift direction they buy back their coins.

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December 17, 2021, 11:28:31 PM
 #37

Even though the entire cryptocurrency and none crypto assets on the stock market price are down currently but the level at which my various altcoins portfolio crashed backward baffles me, please can anyone explain for me how the altcoins market works.
Altcoin market works the same way as the bitcoin market, but is more volatile than bitcoin. What coins have you invested in? Since your altcoin portfolio crashed very badly, I am assuming you invested in some random altcoins. The top altcoins haven't gone down a lot during this crash (went down almost as same as bitcoin). Only shitcoins and memecoins take a huge hit during this kind of crashes. If you have invested in one of those coins, I would suggest you to cut your losses short and invest in well developed coins like bitcoin, ethereum or solana. If you think the coins you have invested in has good potential, then keep holding. If they are good they will rise in the long run.

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December 17, 2021, 11:55:49 PM
 #38

Even though the entire cryptocurrency and none crypto assets on the stock market price are down currently but the level at which my various altcoins portfolio crashed backward baffles me, please can anyone explain for me how the altcoins market works.
It's really hard to explain things in crypto market, just when you thought that they are supposed to move in this direction, it will go on the opposite.

And for the altcoins market it's doesn't follow patterns although they may have correlations to bitcoin market. And since bitcoin is down, most of the altcoins are also down.

That's true! Sometimes it's really hard to predict and understand crypto market but that is the reality that we should accept and understand. Market is too volatile and we need to be prepared if ever bear market comes. You can move your asstes to usdt because it is stable coins or just stay in your altcoin asset or bitcoin and just stay hold it until market recover.

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December 18, 2021, 02:04:07 AM
 #39

please can anyone explain for me how the altcoins market works.
Altcoin market is very sensitive with the market sentiment. Bitcoin has become the main concern why your altcoin was going down so hard. In crypto all about speculations but i can't deny that when you're seeing bitcoin down and this might be a signal for the whole of altcoin market if it will be bleeding caused by the bitcoin dump. Remember this rule. It's hard for altcoin to increase when bitcoin gets pumped but when bitcoin gets down and whole of market was also following it. It seems like that the rule in crypto market is always getting changed.

The crypto market is abstract even a token without any news can be pumped. So many people are also feeling confused with it. Sometimes TA and FA were totally shit and it can't be used anymore in crypto.

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December 18, 2021, 02:11:46 AM
 #40

That's true! Sometimes it's really hard to predict and understand crypto market but that is the reality that we should accept and understand. Market is too volatile and we need to be prepared if ever bear market comes. You can move your asstes to usdt because it is stable coins or just stay in your altcoin asset or bitcoin and just stay hold it until market recover.
Predicting the crypto market is never easy because it constantly moves and we do not know where it will be.
When you can profit from the altcoin and convert it into usdt, that can be a safe way for temporary because the altcoin price will have a correction, especially if the price hits the highest price.
But if bought the altcoin at the lowest price, you do not have to worry, even if the price is down because the price is hard to back to the lowest price unless bitcoin crashes.

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