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Author Topic: Buying Altcoin  (Read 1527 times)
CoinFoxs
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March 08, 2017, 05:59:08 AM
 #21

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?

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.
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March 08, 2017, 08:14:48 PM
 #22

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?

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.
spatifilium
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March 08, 2017, 08:45:55 PM
 #23

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

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
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March 08, 2017, 09:21:47 PM
 #24

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?

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.

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

R


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March 08, 2017, 09:37:36 PM
 #25

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.
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.

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