Post
Topic
Board Altcoin Discussion
Re: buying alt coins
by
josealerav
on 18/11/2017, 10:32:22 UTC
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
And remember, nothing happens "everytime" in crypto. The anti-correlation between Bitcoin and Altcoins never lasts.
Yeah, usually if the price of Bitcoin is going up, it will dim the price of other altcoins down for a bit till it's back to normal.