It is amazingly confusing for me to understand whether to buy ETH or BTC to trade for ALTS. I plan on holding a good % of BTC and ETH in my portfolio, but when it comes to these fluctuating BTC and ETH prices, I'm never sure whether to buy one first to trade for ALT coins.
Any suggestions?
Then you must prioritized the bitcoin. We know that the bitcoin is the most trusted and safest among the all cryptocurrency for the investment because we know that is the leading in the market.but it is your choice even i suggest or recommend my opinion if you can't follow my suggestion there's nothing do with my suggestion.
I will trade with Bitcoin then, but I guess a follow up question would be, if I buy right now since it is down, do I then trade for alts or wait again for the BTC price to rise since it will be worth more on each trade? Or is that flawed logic?
Most of the market right now is down but altcoins have a tendency to move a lot more than bitcoin so it could be a good idea to buy bitcoin and then use that bitcoin to buy altcoins and wait for the recovery of the market, if the altcoins you select are any good then the growth of those altcoins will be greater than the growth of bitcoin and finally you will be able to sell those coins and get more bitcoin in return.