Hi. I am a beginner in cryptocurrencies & mostly a holder than being a trader , but I have lost a lot of money past one month,the Bitcoin goes up & down but other ones just goes down why? is it normal or not? I have some Move-CVX-XRP-Major_GMT & all of them are still going down & down.I am disappointed & confused & maybe give up this market forever. If you are an experienced one please give me some advise.
You should stop trading as you are still a beginner. It would be best for you to start accumulation Bitcoin in DCA method. For novice investors, shitcoins increase the risk of their invested capital and the possibility of losing money forever.
Bitcoin price can go up and down which is a natural part of the market process. It will not be fair for you to assume that Bitcoin worth always can go up. You should also consider that Bitcoin is a store of value and if you can make a large holding through savings, you can get high profits in the future. The market price situation can change due to many reasons. Accumulation Bitcoin in DCA method is the best strategy for any beginner / experienced investor.