So I am very new to trading and investing. I have not even really started yet...that is how new. This blog is to chronicle my journey.
I have been reading that you should NEVER buy altcoins with usd and to ONLY buy btc then convert to alt. People are saying they are losing money when going USD > Alt.
Can someone please explain to an idiot? Thanks!
I'm not sure this is entirely accurate.
Depending on the Alt I would rather buy it directly to avoid the current fees of BTC. For example i would trade fiat > LTC over fiat > BTC > LTC
You'll find if you're interested in more obscure Alts your only option is to buy them with BTC.
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That makes no sense imho. But you should always value your ALTs in BTC too, not fiat only. Like @cryptovestor suggests here: https://steemit.com/cryptocurrency/@cryptovestor/the-1-mistake-beginners-make-investing-in-crypto
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