Bitcoin’s been around since 2009, and it was the first cryptocurrency on the scene. Since its launch, it’s seen explosive growth in value, but these days some people are jumping ship and taking their money to altcoin investments instead. Altcoin simply refers to an alternative to Bitcoin—it’s the name given to any cryptocurrency that isn’t Bitcoin (there are many of these altcoins out there). But if you’re thinking about jumping ship from Bitcoin to altcoin investments, here are 10 reasons why you should be excited about altcoin investments instead of Bitcoin.
They’re volatile
One reason to be excited about altcoin investments is their volatility. The price of altcoins can swing wildly on any given day, which makes them a lot of fun to watch. For example, one minute you might see your investment worth $10 and then the next it’s worth $300! However, this also means that there is a chance your investment could lose all its value in an instant.
They have low market caps
Altcoins are a new and exciting way for investors to diversify their portfolios. They have low market caps, meaning they can grow in value much faster than Bitcoin or Ethereum. Plus, there is often less competition as altcoins are more niche than the more popular cryptocurrencies. Investors can also get in on the ground floor of these currencies and make a profit when they either rise to prominence or fail miserably.
They’re often ignored by the mainstream media
Altcoins are often ignored by the mainstream media, but they have a lot of potential. They’re typically less expensive and offer more stable growth than Bitcoin, so they’re a good option for those who want to diversify their portfolio.
They have a lot of upside potential
Altcoins have a lot of upside potential as they are still very affordable and undervalued.
There are many altcoins that have the potential to be worth hundreds, if not thousands, of dollars in the future.
Investing in altcoins is a way to diversify your investment portfolio and hedge against high-risk investments like stocks.
The market cap for altcoins is still very small compared to Bitcoin, which means there is much more room for growth when you invest early on.
They can be used to hedge against Bitcoin
Some altcoins can be used to hedge against Bitcoin. If you believe that the price of Bitcoin will continue to rise, but are worried about a market downturn, then investing in altcoins could help you mitigate your risk. Other altcoins have different properties that make them attractive as an investment, such as Stellar’s use of blockchain technology or Ripple’s liquidity and low transaction costs.
They’re often more technologically advanced than Bitcoin
Bitcoin has been around for a while, and is one of the most popular cryptocurrencies on the market. But it’s not always the best choice for investors. There are other coins that offer different features and may be more suited to your needs as an investor
They have a passionate community
Altcoins are in the early stages of their development and have a passionate community that is dedicated to their success. There are great opportunities for investors to get in on the ground floor of these coins, but first you need to figure out which ones to buy.
They have a lot of room to grow
Altcoins are new, experimental and can be volatile. Investing in altcoins may seem risky to some, but it is important to remember that they have a lot of room to grow. Here are some reasons why you should be excited about investing in altcoins:
- They offer new opportunities. Altcoins provide an opportunity for investors to get in on the ground floor of something new and potentially revolutionary.
- Their prices can rise significantly.
They’re often more experimental than Bitcoin
Altcoins are often riskier than Bitcoin, with a higher potential for return. They’re also often more experimental than Bitcoin, which means that if you invest in one of these coins and it takes off, your investment could be worth 10x as much as if you had just put the money into Bitcoin.
They offer a high risk/reward ratio
Cryptocurrencies are risky, but they also offer a high risk/reward ratio. If you’re looking to invest in cryptocurrencies, be sure to do your research and buy the ones that seem most promising. Some of them will skyrocket in value while others will fail. The key is to diversify by investing only what you can afford to lose. And if it sounds too good to be true, it probably is!