Don't buy Bitcoin with alts! - page 4.

teeshe

newbie

Activity: 182

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Quote from: dogtana on July 25, 2018, 12:25:39 PM

It seems many people are speculating the rise of BTC and therefore are transfering value from alts to BTC. But if you want BTC, buy it with FIAT! Fresh new funds are needed on the market! You are dumping alts making prices dump hard and maybe are speculating you will be able to buy more of the alts later on, but what idiot will selll it to you at that dumped price?? So if you want BTC, buy it with FIAT or at least don't expect to buy back more of the alts for cheap!

You definitely raised a valid point because the use of Fiat to purchase BTC instead of Alts will guarantee inflow of fresh funds into the market.
However, many in this market are speculative just as the nature of the market is so the drive to always want to maintain and secure the already earned profits makes them enter and exit into BTC each time there is fall in altcoin prices.

ubay

full member

Activity: 728

Merit: 101

I think not everyone wants to buy bitcoin with FIAT, there are still many ways one of them is with bitcoin mining. We can still get bitcoin with mining but it costs more to build the rig.

mustafayigittt

member

Activity: 183

Merit: 10

all the balances in the crypto currencies market are changing. the global economic crisis affecting all markets. it is most logical that the market will not get bitcoin and subcoins until the situation is stabilized.

karthcrypt

member

Activity: 266

Merit: 10

“Revolutionising Marketing and Loyalty”

It really doesn't matter what you buy Bitcoin with, Bitcoin is a coin that can hold it's own. If any Altcoin dump mercilessly, that will have nothing to do with Bitcoin. Quality project only thrives in cryptocurrency.

Dextroboy

full member

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Borderless Mobile Finance Marketplace

many people buy bitcoin to buy alts just to multiply bitcoin. so I think many people only believe in bitcoin not for alts

sanasara

jr. member

Activity: 196

Merit: 1

yes i totally agree with your though it is a good advice for traders of crypto market btc is continuously falling and no chance of rising actually so traders are little disturb and i think this advice will help beginners as well .

GantVolnov

newbie

Activity: 84

Merit: 0

Quote from: dogtana on July 25, 2018, 12:25:39 PM

It seems many people are speculating the rise of BTC and therefore are transfering value from alts to BTC. But if you want BTC, buy it with FIAT! Fresh new funds are needed on the market! You are dumping alts making prices dump hard and maybe are speculating you will be able to buy more of the alts later on, but what idiot will selll it to you at that dumped price?? So if you want BTC, buy it with FIAT or at least don't expect to buy back more of the alts for cheap!

Personally, I decided that I would buy Bitcoin for Fiat only if it drops to $ 5000. Otherwise, I will trade what I have and wait for good prices. I'd rather miss the possible benefits, than I'll regret that I bought for expensive.

erdemylmz99

newbie

Activity: 168

Merit: 0

In my opinion, if you have money and you wanna make investment, buy bitcoin or ethereum. Not any other crypto currencies! The market is too unstable recently.

hdtqisg

sr. member

Activity: 686

Merit: 250

Usually, people use Bitcoin to buy altcoin! The opposite case quite a bit, due to investment altcoin will give better profit!

isabelland88

newbie

Activity: 294

Merit: 0

Every person wants to invest on bitcoin that’s why i suggest them to buy bitcoin with fiat. Because it needed in the market. But if you buy bitcoin with alt then alt price will dump.

Sean25pogi

member

Activity: 364

Merit: 11

No, actually you should support all electronic or digital coins in the cryptocurreny
because all of them are lucky investment that can help you to obtained money that you can be use for future needs.

nickmiller

newbie

Activity: 154

Merit: 0

It has been a trending topic since Bitcoin started gaining its momentum again, many of the investors are trying to buy BTC using their Altcoins which has created a impact on the Alts. Rising demand of BTC is the main reason behind it, but to keep the market stable Altcoins need to rise too, and to do so, people should focus on buying BTC using fiats so none of the market gets affected.

BlasterS

full member

Activity: 420

Merit: 100

I think the reason why don’t buy bitcoin with aletrnativecoins it
because of a lot of the scammers that spread out in this kind of business and industry we just preventing our self from harm.

jyotsna060278

newbie

Activity: 105

Merit: 0

Good advice. This is why alt coin prices at currently heavily decreased as compared to BTC as mostly people converting alt coins to BTC or ethereum, forcing dumping of alt coins rather than buy with fiat money. There are very good alt coins which are almost 8-10 times to their original all-time high because of this reason.

whiteblue

sr. member

Activity: 1246

Merit: 250

Quote from: anjohyx on July 30, 2018, 11:59:14 AM

Maybe they don't have anymore fiat to buy Bitcoin? So the only way to hold more Bitcoin is selling their altcoin, look back this two week, Bitcoin price increase around $2K, but altcoin just stay at current price or down again, they believe Bitcoin have a better future tha altcoin, so it's normal, it's just like gambling, maybe can't buy back altcoin at lower price, but they also have a chance to buy more altcoin if Bitcoin continue rising and altcoin price don't have big move, so it's call investment.

it's me! i never buy bitcoin with fiat. i always selling my altcoins first and then buy bitcoin to holding for a long term. i selling the altcoin only if when the price is going up, and buying bitcoin when btc hit the dip

Temmy007

full member

Activity: 392

Merit: 100

Firstly; you can't decide what people do with there alts because this is a marketplace; nevertheless there is a significant point to what you state; but it is also a good sign for the market; once btc move above 10k it a good sign that the bulls are back for good

BTCCavalletto

newbie

Activity: 176

Merit: 0

If you look at Bitcoin the price is growing rapidly. You can buy altcoins as well as Bitcoin for profit. But at the extra cost that you buy, are you sure you can sell at a higher price? If you can not, then go to the face of a loss. I think investing in the market should be invested.

anjohyx

member

Activity: 451

Merit: 10

Maybe they don't have anymore fiat to buy Bitcoin? So the only way to hold more Bitcoin is selling their altcoin, look back this two week, Bitcoin price increase around $2K, but altcoin just stay at current price or down again, they believe Bitcoin have a better future tha altcoin, so it's normal, it's just like gambling, maybe can't buy back altcoin at lower price, but they also have a chance to buy more altcoin if Bitcoin continue rising and altcoin price don't have big move, so it's call investment.

eekkaa

full member

Activity: 364

Merit: 100

I think it depends on buyers if they want to buy using altcoin or use fiat, which obviously should be avoided is not until you buy coin when the price is experiencing price increases. lest you suffer any harm from what you are doing.

twitchtver

newbie

Activity: 112

Merit: 0

Most people are buying bitcoin with altcoins because these are way less promising day by day, the thing is that there are too many of them, and the really good project don't even come to the spotlight because the market is just too crowded.

Topic: Don't buy Bitcoin with alts! - page 4. (Read 2412 times)