QUOTE(Alucard @ Oct 9 2017, 08:28 PM)
Hi guys, would like to buy some OMG since it's low, but don't have any spare BTC to buy it. Would it make sense to buy BTC now just to get on OMG? As BTC price now is quite high I'm not sure if it's worth it to get on OMG. What's your thoughts?
Current BTC price doesn't change the amount of OMG you want to buy.If you want to buy RM 1,000 of OMG, it doesn't matter whether BTC is 10,000 per coin or 20,000 per coin. You just buy RM 1,000 worth of BTC and use that bitcoin to buy OMG. Of course, you will end up slightly less due to transaction/transfer fees.
Actually, from observation, the best time to buy altcoins is when BTC shoots up. Most altcoins bleeds more when that happens, making it cheaper to buy altcoins. Cheaper because the percentage of altcoin drop is usually more than the percentage of BTC rise.
This post has been edited by kmarc: Oct 9 2017, 10:07 PM
Oct 9 2017, 10:07 PM
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