- Cryptocurrency basics. First, it's critical to understand that Bitcoin is far from being the only cryptocurrency out there.
- Ethereum.
- Cardano.
- Solana.
- Polkadot.
- Bitcoin.
If you don't fancy trading the high risk, volatile altcoins don't worry! Instead, simply focus on making a small percentage gain everyday. 10% a day might seem slow, but it builds up quick with compound interest. For example, if you made 10% interest per day for 25 days, you'd double your investment!
Is it better to buy Bitcoin or altcoins?
While bitcoin's high volatility, transaction times, and fees can cause a barrier for many customers not eager to risk spending more than they need to for small purchases, altcoins can provide cheaper and faster transactions. Bitcoin cash and dogecoin are also much lower: $0.0073 and $0.728, respectively.
Why is Bitcoin better than altcoins?
The main advantages of Bitcoin are network effect and proven security. Further, Bitcoin is more accessible, with more exchanges, more merchants, more software and more hardware that support it. Bitcoin is far more liquid, with much larger volumes than every altcoin.
Is it better to invest in alt coins?
With the exception of stablecoins, altcoins tend to offer a higher risk and reward as a cryptocurrency investment. Although Bitcoin is volatile, it's the market leader and has already gained substantial value. Altcoins have more room to grow, but they also have a higher chance of failure.