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.