buying alt coins

[mahilchii]

We need bitcoin or ethereum to purchase altcoins.
Now there are so many altcoins in the market. We have to choose the right altcoins, which gives the profit in future.

[newwest]

We need bitcoin or ethereum to purchase altcoins.
Now there are so many altcoins in the market. We have to choose the right altcoins, which gives the profit in future.

It is important to invest in the right altcoins, else you will lose out money easily as they come and go and their value drops like a pack of cards.

[thedarksun]

We need bitcoin or ethereum to purchase altcoins.
Now there are so many altcoins in the market. We have to choose the right altcoins, which gives the profit in future.

It is important to invest in the right altcoins, else you will lose out money easily as they come and go and their value drops like a pack of cards.

That's what is it about. You invest with a small risk you could earn or just lose eveything, thats why crypto is good place to earn cause some of us will lose money and some of us will increase out wallets.

[blitz18]

We need bitcoin or ethereum to purchase altcoins.
Now there are so many altcoins in the market. We have to choose the right altcoins, which gives the profit in future.

It is important to invest in the right altcoins, else you will lose out money easily as they come and go and their value drops like a pack of cards.

When my friend told me about altcoins he alwaya invest on what you can afford. So, I followed him and choose only the altcoins that has a future.

[OriginTrain]

In a perfectly rational market, the price of BTC/ETH should not effect the value of the altcoin you're buying, since the altcoin is its own unique project and its ICO capital will be relevant to the current BTC/ETH price anyway. In reality however (since markets are irrational), BTC/ETH fluctuations do change the value of alts even long after the ICO or airdrops are done.

[Moesee]

Hi,

When buying altcoins, i understand that we typically need to use BTC or ETH to purchase. So we will need to buy BTC or ETH first and then use it to buy altcoins. The thing is do we need to care about the price of BTC or ETH whether they are rising or falling? How will it impact the altcoin purchase?
Thanks.

Always remember that everytime bitcoin has rising mostly altcoins are dumping because some holders selling to get btc and sell it again to usdt. Then when btc are going to price correction you should buy in dip.. time of dumping. Hope it helps you

Good points, pricing is market relate, you can check on a good
Exchange where the prices are so you can buy either BTC or ETH

[richlipkin]

BTC goes up ---> alts go down.
BTC goes down ---> alts go down.
BTC goes sideways ---> alts go up.

At least that's how it's been for most of 2017.

[balanghai]

I'm usually purchase altcoin from local exchanger, IMO every country have their own trusted exchanger and I've been with them without occur any problem.

But remember , cryptocurrency investment is risky trading so trade only with you can afford to loss only

[MP4]

I've been thinking about the same thing lately. BTC and ETH are becoming huge thanks to these small alt-coins that should actually become "competition". How interesting would it be for ICOs to work differently, not having to go through BTC-ETH

Others altcoins are trying the same way, like BTC and ETH cuz it would be much easier to withdraw/deposit in Fiat currency translate tokens directly to altcoin. But fees are gonna be much bigger as you make transaction with BTC and ETH.

[MP4]

Yes but whatever happens, the price is unpredictable, there are too many factors, the human factor being the least predictable of all ...

Maybe we will all become "rich", or maybe not! 

Yes that"s right. Nobody knows the future. Some said this gonna be fail, cuz it"s just a bubble, but thats almost normal in this system like in FX. I think that is open source in new tehnology and some people will miss the opportunity making easy money. On the other hand, many altcoins are gonna fail and many of people will lose a lot of money and trust.

[jazmuzika217]

Hi,

When buying altcoins, i understand that we typically need to use BTC or ETH to purchase. So we will need to buy BTC or ETH first and then use it to buy altcoins. The thing is do we need to care about the price of BTC or ETH whether they are rising or falling? How will it impact the altcoin purchase?
Thanks.

If BTC goes up ALT goes down. Study the market flow theres no fixed price. Everything changes in 24hours. But its better to invest on altcoins specially ETH. Sooner or later it might be the ALT leader but not to the point that it will dominate the BTC. You should buy ALT that you might think low prices today but again, you need to study the flow. Try to predict the market and price flow. 24hours can change the value of an ALT. I suggest you dig deep about the ALT you decided to buy so that youll have infos.

[AwesomeThink]

follow and keep stay the developer, when there are developments announced by the developer usually altcoin prices will rise, but indeterminate, the market volume also determines the price

[DennisStoff]

follow and keep stay the developer, when there are developments announced by the developer usually altcoin prices will rise, but indeterminate, the market volume also determines the price

what if there no announcement from the developer?

[jonaire99]

Altcoins are cheaper to buy than the bitcoin and many of them might go up to seek a new level.

[Kayaeh]

BTC goes up ---> alts go down.
BTC goes down ---> alts go down.
BTC goes sideways ---> alts go up.

At least that's how it's been for most of 2017.

Not agree, the altcoins exploded in 2017, just like bitcoin!

[rurubot]

Hello. Note that there are only few stable altcoins when btc is increasing. Those altcoins are already established and the progress are keep going, if you choose to invest in alts, then choose them. Anyways, most of the time as the btc increases the value of alts are going opposite ways but no worries, altcoins will gonna regain their spot, specially if they are really promising projects.

[machinek20]

Of course you will need to pay attention to the price, if the bitcoin price is low you can buy more alt coin that you want, usually when the bitcoin price go up the alt coin price will go down, but in some case when bitcoin goes up the alt coin will follow

[Crypto Nerd]

Soon we will see a lot of pain from alt holders.

[1kings]

Hello. Note that there are only few stable altcoins when btc is increasing. Those altcoins are already established and the progress are keep going, if you choose to invest in alts, then choose them. Anyways, most of the time as the btc increases the value of alts are going opposite ways but no worries, altcoins will gonna regain their spot, specially if they are really promising projects.

You made a very good point. One of the best things to do is to research a few coins. Pen down about 5 and watch their prices.

As you said, AltCoins often go in opposite direction of BTC, so one should wait for BTC to go up, and buy the selected coins especially the ones that are going down.

The key here is volume, AltCoins are often sold in cents so, to make tangible profits if you're trading, buy a good volume. Factor in your transaction fees for buying and possible selling, if you won't be holding for long.

[1kings]

Soon we will see a lot of pain from alt holders.

Because there are loads of scams out there issuing tokens and worthless coins.

Boobs and greedy ones jumping at them because they see them as cheap.