Can someone give a thorough explanation as to the difference in buying altcoins with bitcoin, etherium, tether, ltc etc.
I have been purchasing alts with bitcoin on btx. However I have read a few posts on reddit saying you should use ethereum to make purchases and NOT bitcoin.
Can someone explain the differences in purchasing with different methods?
pros and cons, if there are any?
If there is cost implications?
Your valuble information wil be greatly appreciated
I think there is not any difference in using anyone of them to buy altcoin. But we have to keep the price of it in mind as if the price of ethereum is stable and the price of bitcoin is increasing then we have not to use bitcoin and have to use ethereum as bitcoin will give us the profit.
While if you are talking about the investment in ICO then yes in many ICO you can only invest through ethereum as it is the sale code setting in the ethereum smart contract.