is it stupid to buy alts with bitcoin now ??

[Minnaja]

I think that now is a good time to buy alt coins. But it would be better if you bought them for fiat , not for bitcoin. I also do not have a fiat and I already bought the altcoin for ETH 

[kengeorge21]

Good analysis, actually i was thinking of this as well. It's pretty hard to look for exchange that you can easily buy coins coming from a fiat, others says that in order to do so better look for a p2p transaction rather than converting fiat into bitcoin and then to alts, it actually make sense since ratio between bitcoin and alts are quite high these days and for me i rather buy alts directly coming from fiat than bitcoin because we know that bitcoin will always stays at the top and this dumps will surely covered by some huge pump later on.

[MintCondition]

Good analysis, actually i was thinking of this as well. It's pretty hard to look for exchange that you can easily buy coins coming from a fiat, others says that in order to do so better look for a p2p transaction rather than converting fiat into bitcoin and then to alts, it actually make sense since ratio between bitcoin and alts are quite high these days and for me i rather buy alts directly coming from fiat than bitcoin because we know that bitcoin will always stays at the top and this dumps will surely covered by some huge pump later on.

I usually buy alts thru bitcoin to exchange,  since I'd been used on doin it since before, buying alts in ico can be the best option for potential coins, having p2p transactions is quite risky, though if you're to deal with legit and trusted people then that's a good catch.

[sweetbet]

No, as long as you are buying valuable under-valued coins that will moon and make you money, then that is OK.

[maydna]

it depends on how you can determine the altcoin that you want to buy because I think almost the altcoin wants to increase and maybe this time the altcoin will reach the highest price. I think this will be good if you can find one or more altcoin that still in low price so you can buy and start to waiting for the price to increase back. I am sure that you can get the right coins because there is too many altcoins that you can choose to buy.

[Veidt]

With bitcoin low, some alts are dancing like crazy when you compare them vs btc and not vs usd. So my question is .... is it really that smart to buy alts with bitcoin now, if or not if when bitcoin starts to move upwards again wont alts go down like crazy ?? Or is it worth taking a chance on something and hope for the best? PS! I'm trying to accumulate BTC not dollars 

When bitcoin goes up, usually alts follow.

[Btc_1856]

Those who buys the altcoin are doing good because once the price of altcoin increase you will get the double amount what you have now. I tried many times like and made good profit when the altcoin are in dip.

[maydna]

No, as long as you are buying valuable under-valued coins that will moon and make you money, then that is OK.

with doing some research on the coins, I think he could find the profitable for short term and long term and he could make a profit. but don't even try to buy the coins that are already going to the moon because you can risk your money to get trapped at the high price. make sure that when you buy the coins, the price is at a lower price so you don't have to wait too long.

[sweerty1]

I think its not. Altcoins were also crashed in last couple of days or a week. Bitcoin is hard to recover in current situation but many alts have their roadmap to catch so good news will still pump their prices.

[lordzc]

Bitcoin domination is very low. When the market starts to rise, the first BTC will rise.

[g4r1n1m]

its really depends which coins you buy and for long term or short term
i hold most of my portfolio in alts for a long term

[seoulfood]

If you are truly invested in doing a long term HODL, then no. This is actually the best time. If you are trying to day trade, yes, don't be crazy.

I would suggest trying something small that has a potential to woon, but doesn't require a lot of capital if you want to speculate. My favorite right now is COLX. Otherwise, be safe my friend. Lots of money to be lost if you aren't careful.

[cashjonny]

It depends on how you acquire the bitcoin. Because if you buy bitcoin now with your money it’s a good choice. You will get double amount compared to a month ago. This is a great time to buy bitcoin and turn it into alt coins if you don’t have patience to wait for bitcoin’s recovery.

[crypt0heaven]

With bitcoin low, some alts are dancing like crazy when you compare them vs btc and not vs usd. So my question is .... is it really that smart to buy alts with bitcoin now, if or not if when bitcoin starts to move upwards again wont alts go down like crazy ?? Or is it worth taking a chance on something and hope for the best? PS! I'm trying to accumulate BTC not dollars 

It might be a really smart move actually to buy some altcoins now. Look at stratis for example, that is a very bullish setup despite the dip.

[Xxxurrrad]

Previously, I was always waiting when bitcoin stabilized and only after that I bought alts. But now I try to buy interesting coins for each drawdown. Almost always I'm in plus. Just need to accumulate experience (especially unsuccessful) and then start to feel when it's time.

[leea-1334]

At a time when Bitcoin's rates have fallen sharply, Altcoins will also suffer. You should invest in Bitcoin and Altcoins at that time because the price of the cryptos will increase rapidly over the next few weeks. The coins you should spend in are BTC, ETH, USDT because they are the most stable coins and will quickly rise when the market recovers.

I think that is always the general idea, but I think people are looking always to buy alts during Bitcoin dips - yes Bitcoin falls, but alts fall harder. So when Bitcoin rises back, alts do seem in general to also rise, and usually along with a Bitcoin gain, in addition to fiat. USDT is supposed to be stable by nature, but even with its supposed US dollar peg, it has fallen in value, so you only invest in Tether if you want to buy back Bitcoin at the dips, without putting in extra fiat. Good strategy, but I hardly sell Bitcoin and I definitely do not trust Tether!

[The_Dark_Knight]

is it better to do long trades rather than day trade? or would you suggest doing both at the same time for maximum profits?

There is not a definitive answer we can give, day trading is the most difficult form of trading, while many aspire to be one someday the truth is that is not easy, however the profits are very good if you have the talent but you need years of experience to make consistent profits, making longer trades is easier and depending on your time frame it is very similar to holding but the profits are not as good.

[AMHURSICKUS]

I think it is not stupid to buy altcoins using your bitcoin. Because if you really think that the coin you will gonna invest with is going to be more profitable, so why not. It will still depends upon to the behaviour of your altcoin .
If the value of that altcoin increase so its good choice to buy but if not then it is bad.
So always be wise and be patient if you want to earn more profit.

[Tiennou74]

With bitcoin low, some alts are dancing like crazy when you compare them vs btc and not vs usd. So my question is .... is it really that smart to buy alts with bitcoin now, if or not if when bitcoin starts to move upwards again wont alts go down like crazy ?? Or is it worth taking a chance on something and hope for the best? PS! I'm trying to accumulate BTC not dollars 

Altcoin trading always be risky but you can make good profit other side could be big lose !
so if you jump into Altcoin then be prepared to face bot situation !

Happy Trading
Thanks
Regards
 

[sexycoin69]

i would wait until bitcoin rallies, its only a matter of time you just need to have some patience. Those you have patience make the biggest gains.