Topic: Why Altcoins are traded with Bitcoin or Ether and not with fiat directly? - page 2. (Read 1144 times)
August 26, 2017, 06:48:22 PM
Because altcoin does not work as well as bitcoin and etherium that serve as a store of value and the reason why altcoin can not yet be like bitcoin because altcoin has no trust like bitcoin.
August 26, 2017, 05:54:13 PM
Just like a lot of people said on here, it depends on the exchanger you are trading your altcoins.
I use a local exchanger to buy my coins, just like Bitcoin, ethereum, monero or Litecoin, he sells me every coin at the current market price, but with my local money.
But if you are trading on a famous exchanger, then it is better to use alt/btc alt/eth just to make things easier.
I use a local exchanger to buy my coins, just like Bitcoin, ethereum, monero or Litecoin, he sells me every coin at the current market price, but with my local money.
But if you are trading on a famous exchanger, then it is better to use alt/btc alt/eth just to make things easier.
August 26, 2017, 05:52:16 PM
Because they are both have been recognized in the crypto world as a standard price reference. but sometime there is several coin/token that use Waves as a price reference. and that jus happened on global market, not for local market which some coins can be traded to money instead.
August 26, 2017, 05:44:20 PM
I am a new to the crypto coin world, as well.
The info regarding Bitcoin and Ethereum being the go to currency, for trading alternative coins, is good to know.
The info regarding Bitcoin and Ethereum being the go to currency, for trading alternative coins, is good to know.
August 26, 2017, 05:08:16 PM
I believe it just simplifies things. The other coins don't have the right infrastructure in place.
August 26, 2017, 05:04:49 PM
I think its because most exchange are not offering the option to buy alts directly with fiat money. Like here in our country only bitcoin can be buy and sell with fiat so I have no choice but to buy btc and use bitcoins to buy other alts.
August 25, 2017, 03:18:24 AM
Hello to everyone
As the title says, Why are Altcoins traded with Bitcoin or Ether and not with fiat directly? Newbie here and needs to get some questions cleared up
As the title says, Why are Altcoins traded with Bitcoin or Ether and not with fiat directly? Newbie here and needs to get some questions cleared up
In my local exchanger, I can trade altcoins such as ethereum, etc, and bitcoin cash directly to my local currency. So this depends on each exchanger whether they will pair altcoins with fiat or not.
August 25, 2017, 03:07:57 AM
It's because among digital currencies bitcoin could be trusted more, altcoins are very closed to bitcoin or it could be say a next inline with bitcoin and it can be easily traded with it. Fiat is just an exchanger.
August 25, 2017, 03:00:38 AM
Because it is built on that market, it is traded first there on that cryptoclass. And sometimes a currency or an asset was built from these platforms hence it is naturally to be traded on such. When demand grows from fiat/crytpo pair then that can be worked out hence markets are born.
August 25, 2017, 02:58:39 AM
Because those certain alt coin use bitcoin and etc as that currency as a main source. Bitcoin is the chosen currency of every alt coin, even ethereum. But those two are in particularly storage of value.
August 25, 2017, 02:48:03 AM
Everything tight to Bitcoin and not every exchanges support altcoins. Exchanges are gateway to fiat.
August 25, 2017, 02:40:23 AM
Because the Bitcoin is the first cryptocurrency and most popular cryptocurrency in the world. Bitcoin having the characteristics like fiat currency i.e Divisible. Every altcoin can be divided into the bitcoin. After bitcoin, ethereum launched and it becomes popular.
August 25, 2017, 02:27:05 AM
Because we trust bitcoin and ether and not altcoins. Bitcoin and ether serves as store of value. If ever there will be an alt than can gain trust and support as bitcoin, then maybe that alt can serve as a store of value as well. But right now, it is just this 2.
August 25, 2017, 02:23:55 AM
Hello to everyone
As the title says, Why are Altcoins traded with Bitcoin or Ether and not with fiat directly? Newbie here and needs to get some questions cleared up
As the title says, Why are Altcoins traded with Bitcoin or Ether and not with fiat directly? Newbie here and needs to get some questions cleared up
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