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 are welcome to the forum, and as a newbie to the crypto currency industry, there are lots of things to learn. It is good to be a holder as a newbie, and learn before venturing into trading (which I know you are not yet a trader). The market is always full of ups and down trends, which professionals in the system profit from both angles.
So, as a holder, don't worry too much, and the worst mistake you will ever make is to quite the journey so soon, as this current market down time is just a phase of the crypto industry. When we see an
ATH (All Time Highs), what follows is price consolidation, then, either a Bull Run or a Bear Market. These are all normal things in this industry, and which continuously comes around over several years (which we see as a 4 years cycle), just with matter of time and consistency, you will get used to the system.