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?
Everything is flawed if you are only buying in at any position you want, just make sure you know how to conclude on the charts before making any decision. However, if you are buying any alt now, you may just have to wait for the whole btc bear market to die down and buy into some of the alts, or probably just buy in margins and wait for them to pick up to make your cool profit in them, but at times like this and generally, I always prefer trading bitcoin against fiat and only trading altcoins on breakout signals.