Post
Topic
Board Speculation (Altcoins)
Re: sell bitcoin to buy fiat or altcoin?
by
lamadu3
on 06/08/2018, 04:27:11 UTC
The fiat value of bitcoin doesn't really matter when trading alts in the current market. Always comparing vs fiat was one of the mistakes I made when first getting into this. Trade alts to increase your bitcoin holdings, because bitcoin will always, eventually, return to its ATH (if not higher) if you can wait a few weeks, or months at most. So you can use bitcoin's ATH to calculate the medium-term value of your holdings when you need an emotional boost.

If I have to make such a choice I would better pick altcoin. I do not see any sense in buying fiat if you are going to trade. You will still need the money for it.