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Topic: Cryptocurrency Beginner - page 2. (Read 282 times)

full member
Activity: 186
Merit: 253
December 09, 2020, 01:07:28 PM
#5
I am wondering if it is better to buy altcoin and convert it to bitcoin later.
Yes you can and it's the better way when you have low capital. You can choose between ETH, LTC or even TRX for high speed transactions. Some exchange, for example Binance doesn't require any minumum deposit but does requires minimum trade value (0.001 BTC). If your capital in bitcoin is less than that amount then you can't make any trades. But buying altcoins instead enables you to sell if you find the prices juicy.
legendary
Activity: 1134
Merit: 1598
December 09, 2020, 12:48:49 PM
#4
Purchasing alts only to turn them back into BTC is a complicated, unnecessary waste of money. Just purchase BTC instead, you're going to be better off. You can purchase as much as you like; purchasing an entire coin isn't required.
legendary
Activity: 1512
Merit: 4795
Leading Crypto Sports Betting & Casino Platform
December 09, 2020, 12:22:38 PM
#3
Hey guys! I am very new to cryptocurrency and I am seeking advice on how and where to invest
Holding your bitcoin on hardware wallet will be best, but you can try electrum if the amount to hold is not much, the electrum official site is electrum.org. To buy, you can try hodlhodl or bsiq exchange, or making use of this forum for buying but be careful of scammers by using a reputed member service.

I do not have enough to buy an entire bitcoin. I am wondering if it is better to buy altcoin and convert it to bitcoin later
You can purchase even $10 worth of bitcoin or less, you do not have to by 1 bitcoin. What you should consider most is to buy bitcoin at low price and its price to increase so you will gain. If you buy the altcoins at high price, and if you want to sell, you will lose and nothing different. But altcoins price can be more susceptible to depreciation during bull back.

That's why I am seeking your advice and getting involved in this community.
My advice for you is to know the historical price of bitcoin and altcoins of your interest and be conversant with technical analyzes. Be careful of scammers and have your online privacy.
member
Activity: 234
Merit: 50
December 09, 2020, 12:18:51 PM
#2
Hey guys! I am very new to cryptocurrency and I am seeking advice on how and where to invest. I do not have enough to buy an entire bitcoin. I am wondering if it is better to buy altcoin and convert it to bitcoin later. There is so much information on the internet that it is sometimes overwhelming. That's why I am seeking your advice and getting involved in this community.

You don't have to buy FULL bitcoin. I don't know where you got that idea?
Bitcoin is denominated to eight decimal places (up to 0.00000001 BTC or 1 satoshi). You can invest any amount you have in bitcoin. Just keep in mind that you will have to pay a small transaction fee if you want to transfer bitcoin from exchange to your personal wallet.
newbie
Activity: 14
Merit: 1
December 09, 2020, 12:10:47 PM
#1
Hey guys! I am very new to cryptocurrency and I am seeking advice on how and where to invest. I do not have enough to buy an entire bitcoin. I am wondering if it is better to buy altcoin and convert it to bitcoin later. There is so much information on the internet that it is sometimes overwhelming. That's why I am seeking your advice and getting involved in this community.
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