Bitcoin Forum

So as buying altcoin is one of the top ways to make profits and also increase bitcoin.
I was wondering what is best when buying altcoin, to buy the altcoin with btc or with money? Does it actually make any difference?
How do you go about it?
I'm asking this because right now as the price of bitcoin is so high, you can buy more quantity of any altcoin with small amount of bitcoin, will it be the right way to go here?

I choosed buying altcoin with btc.
Even Bitcoin price is high theirs no effect on some altcoin price.
Using  cash in buying altcoin is very hassle.

Thanks for your input.
May I ask where is the best place to buy different altcoin? Because unlike bitcoin, it is hard to buy altcoin especially offline or like localbitcoin type of platform.
So where should we exchange or trade bitcoin with altcoin?

Well, I prefer to think about Bitcoin and altcoins separately. Meaning, I buy any cryptocurrency for USD or EUR only, not for another crypto.
Earlier, I was dealing with Litecoin, but now — only with Ethereum. Except for Bitcoin, of course.
I thought of buying on Poloniex, but they do not have fiat deposits and withdrawals, so I moved to CEX.IO when they added ETH.

If you want to buy altcoins using Bitcoins itself, then Poloniex and Bittrex are the two most commonly used exchanges out there for all your buying needs. And if you have bots that you wish to check out, then both these exchanges are the best places to test them at.

Best place is poloneix exchange.If you want to buy newly released altcoins, you can use Bittrex exchange as lots of new coins are listed there.I bought altcoins with bitcoins.Better do good research before investing in newly released altcoins.

You're right for poloneix, but for a long-term investment is difficult to evaluate what will happen.
Did you see what happens to the price of of DASH, in just two days you could earn several times the price goes from 30 to 50 $ up and down in just one day only.

if i'm not mistaken that there is no altcoins exchange had features able to buying them with real money and obviously bitcoin to altcoins is more good however i think you cannot buying altcoins with small amount of bitcoin because it depend on the prices of altcoins itself except you will buying Doge because Doge price was so low now

I normally use only bitcoins to purchase altcoins but till now I don't think I have heard anywhere that we can purchase altcoins using cash. And yeah it is good to purchase altcoins when the bitcoin price is high as I normally do that but the most important thing is to invest in the right altcoin don't make an investment that will make you regret later if you think that coin is going to give better returns than bitcoin then only invest otherwise stick to bitcoins only.

It's a wiser thing if you bought altcoins with bitcoin and use that money of yours to buy bitcoin. Sounds the same? Actually no and you will know why it is once you are engaged in that kind of activity.

Bitcoin price is unpredictable, so on with the altcoin price, so I or anyone else can never give you the exact thing you should do. Try to analyze the price market and make your own conclusion. Buy altcoin for small amount and see how will it goes.

My advice to you is try to use bittrex exchange or Poloniex exchange they have lots of altcoin where you can afford to have it on these two trading platform. And this two platform has been established for a couple of years/

I think this is the day for you to buy altcoin with Bitcoin your own and began trading there, because of the high price of bitcoin now price altcoin will inevitably decline at this time, to buy a coin that you think is good and you save, if you look at the price of Bitcoin low I think you have to be prepared to put the right price for your trade so that later there is no risk of getting losses in your trading.

cmon bitcointalk community.... is that hard to see that bitcoin is money?
there's no difference... at least i dont see any. it's just a different pair("alt"xbtc / "alt"x"fiat")

MC and VISA think that it. it is enough for all I care

Thanks. They both look same in terms of their services. I see many people suggesting poloniex though, how do you prefer one over the other? Reliability? Support or is pricing any different?

I think you should buy a coin that has rate and traffic good with bitcoin.
IF you already bought this coin, I suggest to you to save the coin up rate and traffic increased from the previous, if the rate and traffic already high you must quickly sell the coin

Of course it is better to buy alt coin with bitcoin because it helped the transaction rate of bitcoin and it is true bitcoin price is a bit expensive, but it is better to buy bitcoin rather than alt coin because the profit with alt coin is a bit unpredictable and you will have a bigger chance of losing money and you still need to do research to know which coin to buy

yes, it is true that the position you choose will be an advantage itself. if I were to choose, I would choose to buy altcoin with bitcoin, and if in exchange has sales altcoin with real money, then I'll sell it for real money, not with bitcoin. reduce the exchange fee.gain a distinct advantage by trading like this.

Its better to buy altcoins with bitcoin in my opinion and its easy too if you have bitcoin as you will get more altcoins.The best altcoin what I think is ether and monero.These two coins have the potential to rise. Anyway before investing just study the market and invest .In my opinion poloniex is a good exchange and I always use that.

Mostly exchanges accepted bitcoin payment to buy and sell altcoins, which higher price of bitcoin will be great as an advantage to buy more cheaper altcoins compare to bitcoin (price). You can start to buy or sell on some famous exchanges such as Poloniex or bittrex, depends on your country, it better to choose an exchange located in your region.

Exactly buying and selling of cryptocurrency or altcoins are the best way to get some coins as a profit and it is also good for long term investment. And yeah bitcoin's price matters alot if price is high you will get more altcoins, one thing more nowadays bitcoin goes high day by day so altcoins decreases their price so try not to buy altcoins, stick to bitcoin and hold them.

From the past months of trading altcoins, all of my trades are paired with BTC. It is so easy to buy altcoins with BTC and as far as I know, most of the notable altcoin exchanges (Poloniex, Bittrex, etc.) only uses BTC. Just an advice, do some research before trading altcoins. It is a no brainer that altcoin can be very profitable but you must also consider the risk with it.

the very purpose of altcoina is actually to earn more BTC and then exchanged for local currency and spend it  ;D

They allow us to be Brukers at various exchange what we can not be on real stock exchanges, which is good because the simple man can try their hand at such things, but in fact it is gambling and speculation as in the real world

I'm trading on Poloniex also sometimes I get sometimes I lose, sounds like gambling

just looking at the markets now it looks like almost everything in the top 20 anyway is on a slight
negative, except ripple . . . there is a lot of speculative investing involved in altcoins I think

I use bitcoin for such purpose, because it's very easy. I don't have any USD online or even on a card, so it's the best option to use btc. However, as the author seems to care about bitcoin and its price, I guess for OP it is better to use money, because that won't have bad impact on bitcoin whereas if you buy alts for btc you sort of show that the demand for btc decreases and in theory it might make the price go down.