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Topic: Better to buy alts with bitcoin or ethereum? (Read 582 times)

sr. member
Activity: 644
Merit: 250
December 11, 2017, 10:44:40 AM
#31
I don't see any fair logic behind buying altcoins with Ethereum than Bitcoin other than tx fees factor. If you can buy Ethereum directly through fiat and then buy altcoins with that Ethereum, then your portfolio might look like profitable as eth is very less volatile as for now. But your portfolio will look mess if you see it in btc value because of bullish market. In dollar value both the portfolio will look good. So, I don't find any logic about using eth than bitcoin.
The thing that makes sense when the bitcoin becomes very bullish and that will be pushing the altcoin pair into the bitcoin will down a lot. Just like what already did by the majority of altcoins that they are losing a lot of the value in the bitcoin since the bitcoin goes to the moon. There are so many people are worrying about that.
member
Activity: 434
Merit: 10
December 11, 2017, 10:31:39 AM
#30
I think it's better to have fewer transaction costs .
bitcoin transaction costs quite expensive
sr. member
Activity: 453
Merit: 251
Presale Starting May 1st
December 11, 2017, 10:31:18 AM
#29
In general it doesn't matter really, every coin including bitcoin and ether's real price value is usd. So you can prefer both. Bitcoin markets tend to have greater considerable weight so i prefer btc to alt.
newbie
Activity: 20
Merit: 0
December 11, 2017, 10:28:43 AM
#28
Aside from bitcoin is more progressive and as of now more worth it to hold than eth I can't see any other reason but then if you don't have eth only bitcoins and you would need to buy eth for purchasing alts just use your bitcoin to by alt directly.
sr. member
Activity: 686
Merit: 262
December 11, 2017, 08:06:14 AM
#27
I don't see any fair logic behind buying altcoins with Ethereum than Bitcoin other than tx fees factor. If you can buy Ethereum directly through fiat and then buy altcoins with that Ethereum, then your portfolio might look like profitable as eth is very less volatile as for now. But your portfolio will look mess if you see it in btc value because of bullish market. In dollar value both the portfolio will look good. So, I don't find any logic about using eth than bitcoin.
full member
Activity: 450
Merit: 100
December 11, 2017, 07:55:58 AM
#26
if I myself prefer to buy Altcoin with Ethereum because of its easy exchange.
You're right. Because altcocoin like bitcoin is going to go much further now. Again, these are going to be traded very easily with altcoin, going to exchange. Which are very easy.
member
Activity: 840
Merit: 40
December 11, 2017, 07:52:56 AM
#25
Both options are fine but that depends on you, in which exchange you are ready to buy as some exchanges only use bitcoin as base currency and some give many options to buy such as bitcoin, ethereum, dogecoin etc..
sr. member
Activity: 796
Merit: 251
December 11, 2017, 07:47:09 AM
#24
Actually I prefer to use both of itwhen I'm buyng altcoins. But nowadays etherium became so slow, because of cryptikitties.
hero member
Activity: 2842
Merit: 772
December 11, 2017, 07:43:19 AM
#23
According to me bitcoin is not good to invest in the icos at the moment,because it is rapidly raising at the moment.Right now I think ethereum is the best option to invest in the icos.

Let me put another spin in your statement. Bitcoin is not good to invest because the price is really high. While Ethereum although reaches its all-time-high last month as well is quite cheap as compare and a good investment for long term.  But don't forgot that the network of Ethereum is being clogged as well, thanks to cryptokitties. Smiley

But I really like to put my money on Ethereum right now because its affordable, and a lot of positive news as well. If bitcoin future contracts just started today, Ethereum will also have its own version of derivatives.

http://strategiccoin.com/ethereum-futures-will-launch-sooner-than-you-think/

We already what's its done to bitcoin price, so I wouldn't surprise that Ethereum will again breaks all-time-high and probably touch $1K if this is it going to be implemented in the horizon.
member
Activity: 196
Merit: 10
December 11, 2017, 06:41:42 AM
#22
According to me bitcoin is not good to invest in the icos at the moment,because it is rapidly raising at the moment.Right now I think ethereum is the best option to invest in the icos.
member
Activity: 168
Merit: 10
Presale Starting May 1st
December 09, 2017, 01:11:06 PM
#21
Buying Altcoins through Bitcoin or Ethereum doesn't matter if you want to invest. But I think if you have already Bitcoins and Ethereum coins you better hold it because these two coins have a good price and have a chance to multiply after a month or a year.
If buying Altcoins is one of your investment for the future then you should use your cash or debit or credit card to purchase. That way is better than giving up your Bitcoin or Ethereum into Altcoins.
sr. member
Activity: 882
Merit: 282
December 09, 2017, 01:07:14 PM
#20
If you have your way I will advise you to buy altcoins with your local currency as this cut out transactions cost by network. If you are buying a coins direct most especially through credit card you will agree with me that your cost of purchase is reduced. Bitcoin transaction cost or fees is going up every day and some things has to be done about it in other to make things easier for traders and bitcoin to remain as a currency. The way things are going now micro payment might not be possible in days to come as many companies cannot used bitcoin because of fees.  You can buy some altcoins direct with you bank account and debt card and if this is possible in your country it is better.Bitcoin bitcoin and ethereum, ethereum is still far better to purchase altcoins with as the gas is far better than bitcoin fees.
legendary
Activity: 1428
Merit: 1000
December 09, 2017, 12:32:46 PM
#19
I think it all comes to transaction fees. Litecoins and Ethereum will cost less fess than bitcoins.
Yes fees and confirmation time, compare to bitcoins ETH and LTC have fast confirmation and less fee. you can buy your alts with any coins no problem but to see the exact profit you must convert it into USDT.
full member
Activity: 406
Merit: 109
December 09, 2017, 12:14:31 PM
#18
At the moment, in case you have Tether, best is to convert it into ALTs, if not tether then use FIAT.
Both BTC and ETH are on a good ride now and I speculate that there is going to be a much bigger growth by the EOY.
member
Activity: 1022
Merit: 20
RiveMont
December 09, 2017, 12:12:32 PM
#17
I think bitcoin is not a good option to invest in icos at the moment as it is itself growing rapidly, if I had to pick I will choose eth to invest in the icos.
member
Activity: 287
Merit: 10
December 09, 2017, 11:59:18 AM
#16
I think it all comes to transaction fees. Litecoins and Ethereum will cost less fess than bitcoins.
full member
Activity: 309
Merit: 100
December 09, 2017, 11:48:56 AM
#15
For the most part, Bitcoin is much valuable than ETH so if you have to spend something and while you have ETH, use your ETH and not BTC. Its price is appreciating almost every week, why waste the opportunity to end up having more money than having ETH which growth isn't as consistent as BTC. It can double its value in a month which is why the possibility of the predictions BTC being $10K already happened.

At the trade time, there is no difference between buying them with ethereum or bitcoin. The problem begins after the trade. Because the rate between eth and btc will change significantly.
hero member
Activity: 1120
Merit: 501
www.bitcoin.org
December 09, 2017, 11:48:11 AM
#14
If you want to buy an altcoin ASAP but you only have money in your bank account then purchasing ETH and transferring it to exchange to buy other altcoins is a good idea. If you want to trade then use Bitcoin because ETH pair on exchanges have less volume and coin choices.
sr. member
Activity: 588
Merit: 254
December 09, 2017, 11:45:27 AM
#13
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


Bitcoin


Pros:
-Huge Volume
-Looked upon as Digital Gold, thus has a lot of support


Cons:
-Slow Transactions
-Expensive Transactions
-Likely in a bubble


Ethereum

Pros:
-High Volume
-Reasonably Stable


Cons:
-Slow Transactions
-Expensive Transactions


This is a comparison for their usage for Crypto-Trading. We see that Ethereum has a high volume, but much lower than Bitcoin. Using Ethereum, the prices you find often won't be as accurate as when you trade with Bitcoin. This opens up a great deal of arbitrage opportunities though...
The major advantage Ethereum had over Bitcoin, was its low Transaction Fees and high Transaction Speed. However, now due to an overload on Ethereum's network, Ethereum's fees & transactions speeds are just as horrible as Bitcoin's.

Personally, I mostly trade with Bitcoin and Litecoin for the exchanges that have high volumes on Litecoin trading as well.
Once Litecoin gains more volume on the majority of the exchanges, I'll start using that one mainly. I truly hope that happens, as it's probably the most potent coin at the moment.

Litecoin

Pros:
-Growing Volume
-Cheap Transactions
-Fast Transactions
-Healthy growth


Cons:
-Lower Volume (At the moment)


All 3 are OK though... It really depends on what you want/need. Bitcoin is quite Volatile, Ethereum is pretty stable and Litecoin somewhere in between.






member
Activity: 172
Merit: 11
December 09, 2017, 11:27:07 AM
#12
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 don't see how it makes any difference whatsoever, effectively at that time you may as well be selling your ethereum or bitcoin etc for dollars and then converting it in to the alt coin you are buying. The only difference I can see is the fees attached in moving funds, but if you are using an exchange you will play a flat fee.
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