Do you need Bitcoin to buy altcoins?

Buying many altcoins requires just a few steps beyond purchasing bitcoin . In this article, we recommend purchasing BTC and trading BTC for the desired altcoin. Many, if not most altcoins, should be paired with BTC on one of the exchanges. However, you don’t need to purchase cryptos through exchanges.

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Do altcoins follow Bitcoin?

If you have been following the cryptocurrency market, you might have noticed by now that every time Bitcoin’s price goes down, alternative cryptocurrency prices (commonly called altcoins) follow . The opposite is equally true – when the price of bitcoin rallies, we expect altcoins to go up in price shortly after.

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