Bitcoin Forum

Can someone give a thorough explanation as to the difference in buying altcoins with bitcoin, etherium, tether, ltc etc.

I have been purchasing alts with bitcoin on btx.  However I have read a few posts on reddit saying you should use ethereum to make purchases and NOT bitcoin.

Can someone explain the differences in purchasing with different methods?

pros and cons, if there are any?

If there is cost implications?

Your valuble information wil be greatly appreciated

I don't know what the reason for that could be other than finding a better price point. If there are multiple listings then you can perhaps find a better price through a ETH, LTC, DOGE, or any other pairing. However the volume on these pairings is generally much less significant and you may have to wait a while as the books are also generally much further apart. Though the point remains you can get a better price if you are patient and willing to wait for your coins, but if you need them right away this strategy won't work for you.

It's better to buy alternative coins with BTC because majority of the site prefer BTC as the main instrument for buying and flucting is least.

if I myself prefer to buy Altcoin with Ethereum because of its easy exchange.

I'd prefer to buy alts with bitcoin because, I got buy any coin with them on polo, ether has somo limitations while trading with it and you'r not able to purchase any coin desired.

t is better to buy altcoins and then using an exchanger come to Ethereum and Bitcoin. If you buy BTC and ETH directly you will pay more commissions into it. Make a chain of operations, keep in your wallet the coins from top-20 and some BTC.

For now its better to buy with bitcoin. Etehreum price is at dips against bitcoin so selling bitcoin and buying altcoins is more profitable.
Also we have to keep an eye for futures trading news on december 10. This will be a big affect on bitcoin price.

I think there is not any difference in using anyone of them to buy altcoin. But we have to keep the price of it in mind as if the price of ethereum is stable and the price of bitcoin is increasing then we have not to use bitcoin and have to use ethereum as bitcoin will give us the profit.

While if you are talking about the investment in ICO then yes in many ICO you can only invest through ethereum as it is the sale code setting in the ethereum smart contract.

I think it's better to buy and hold bitcoin and if you saw a promising project and wanted to take part in it, then there is nothing difficult in selling a bit of bitcoin and buying an etherium. In addition, on all exchanges, there are many more trading pairs with bitcoin than with the etherium!

For the most part, Bitcoin is much valuable than ETH so if you have to spend something and while you have ETH, use your ETH and not BTC. Its price is appreciating almost every week, why waste the opportunity to end up having more money than having ETH which growth isn't as consistent as BTC. It can double its value in a month which is why the possibility of the predictions BTC being $10K already happened.

Only exchange rate matters. Here is the example about converting of fiat into crypto. Sometimes I make a chain with 3-5 exchanges to buy crypto with fiat at the best rate. It's very strange but sometimes it could reduce the fees from 6-8% down to 1-3%. So when you want to buy alts with BTC or ETH take a look at their price at the moment ;)

I don't see how it makes any difference whatsoever, effectively at that time you may as well be selling your ethereum or bitcoin etc for dollars and then converting it in to the alt coin you are buying. The only difference I can see is the fees attached in moving funds, but if you are using an exchange you will play a flat fee.

Bitcoin


Pros:
-Huge Volume
-Looked upon as Digital Gold, thus has a lot of support


Cons:
-Slow Transactions
-Expensive Transactions
-Likely in a bubble


Ethereum

Pros:
-High Volume
-Reasonably Stable


Cons:
-Slow Transactions
-Expensive Transactions


This is a comparison for their usage for Crypto-Trading. We see that Ethereum has a high volume, but much lower than Bitcoin. Using Ethereum, the prices you find often won't be as accurate as when you trade with Bitcoin. This opens up a great deal of arbitrage opportunities though...
The major advantage Ethereum had over Bitcoin, was its low Transaction Fees and high Transaction Speed. However, now due to an overload on Ethereum's network, Ethereum's fees & transactions speeds are just as horrible as Bitcoin's.

Personally, I mostly trade with Bitcoin and Litecoin for the exchanges that have high volumes on Litecoin trading as well.
Once Litecoin gains more volume on the majority of the exchanges, I'll start using that one mainly. I truly hope that happens, as it's probably the most potent coin at the moment.

Litecoin

Pros:
-Growing Volume
-Cheap Transactions
-Fast Transactions
-Healthy growth


Cons:
-Lower Volume (At the moment)


All 3 are OK though... It really depends on what you want/need. Bitcoin is quite Volatile, Ethereum is pretty stable and Litecoin somewhere in between.

If you want to buy an altcoin ASAP but you only have money in your bank account then purchasing ETH and transferring it to exchange to buy other altcoins is a good idea. If you want to trade then use Bitcoin because ETH pair on exchanges have less volume and coin choices.

At the trade time, there is no difference between buying them with ethereum or bitcoin. The problem begins after the trade. Because the rate between eth and btc will change significantly.

I think it all comes to transaction fees. Litecoins and Ethereum will cost less fess than bitcoins.

I think bitcoin is not a good option to invest in icos at the moment as it is itself growing rapidly, if I had to pick I will choose eth to invest in the icos.

At the moment, in case you have Tether, best is to convert it into ALTs, if not tether then use FIAT.
Both BTC and ETH are on a good ride now and I speculate that there is going to be a much bigger growth by the EOY.

Yes fees and confirmation time, compare to bitcoins ETH and LTC have fast confirmation and less fee. you can buy your alts with any coins no problem but to see the exact profit you must convert it into USDT.

If you have your way I will advise you to buy altcoins with your local currency as this cut out transactions cost by network. If you are buying a coins direct most especially through credit card you will agree with me that your cost of purchase is reduced. Bitcoin transaction cost or fees is going up every day and some things has to be done about it in other to make things easier for traders and bitcoin to remain as a currency. The way things are going now micro payment might not be possible in days to come as many companies cannot used bitcoin because of fees.  You can buy some altcoins direct with you bank account and debt card and if this is possible in your country it is better.Bitcoin bitcoin and ethereum, ethereum is still far better to purchase altcoins with as the gas is far better than bitcoin fees.

Buying Altcoins through Bitcoin or Ethereum doesn't matter if you want to invest. But I think if you have already Bitcoins and Ethereum coins you better hold it because these two coins have a good price and have a chance to multiply after a month or a year.
If buying Altcoins is one of your investment for the future then you should use your cash or debit or credit card to purchase. That way is better than giving up your Bitcoin or Ethereum into Altcoins.

According to me bitcoin is not good to invest in the icos at the moment,because it is rapidly raising at the moment.Right now I think ethereum is the best option to invest in the icos.

Let me put another spin in your statement. Bitcoin is not good to invest because the price is really high. While Ethereum although reaches its all-time-high last month as well is quite cheap as compare and a good investment for long term.  But don't forgot that the network of Ethereum is being clogged as well, thanks to cryptokitties. :)

But I really like to put my money on Ethereum right now because its affordable, and a lot of positive news as well. If bitcoin future contracts just started today, Ethereum will also have its own version of derivatives.

http://strategiccoin.com/ethereum-futures-will-launch-sooner-than-you-think/

We already what's its done to bitcoin price, so I wouldn't surprise that Ethereum will again breaks all-time-high and probably touch $1K if this is it going to be implemented in the horizon.

Actually I prefer to use both of itwhen I'm buyng altcoins. But nowadays etherium became so slow, because of cryptikitties.

Both options are fine but that depends on you, in which exchange you are ready to buy as some exchanges only use bitcoin as base currency and some give many options to buy such as bitcoin, ethereum, dogecoin etc..

You're right. Because altcocoin like bitcoin is going to go much further now. Again, these are going to be traded very easily with altcoin, going to exchange. Which are very easy.

I don't see any fair logic behind buying altcoins with Ethereum than Bitcoin other than tx fees factor. If you can buy Ethereum directly through fiat and then buy altcoins with that Ethereum, then your portfolio might look like profitable as eth is very less volatile as for now. But your portfolio will look mess if you see it in btc value because of bullish market. In dollar value both the portfolio will look good. So, I don't find any logic about using eth than bitcoin.

Aside from bitcoin is more progressive and as of now more worth it to hold than eth I can't see any other reason but then if you don't have eth only bitcoins and you would need to buy eth for purchasing alts just use your bitcoin to by alt directly.

In general it doesn't matter really, every coin including bitcoin and ether's real price value is usd. So you can prefer both. Bitcoin markets tend to have greater considerable weight so i prefer btc to alt.

I think it's better to have fewer transaction costs .
bitcoin transaction costs quite expensive

The thing that makes sense when the bitcoin becomes very bullish and that will be pushing the altcoin pair into the bitcoin will down a lot. Just like what already did by the majority of altcoins that they are losing a lot of the value in the bitcoin since the bitcoin goes to the moon. There are so many people are worrying about that.