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What is an altcoin?

Simply put, an altcoin is a cryptocurrency that is not Bitcoin, or otherwise known as, the “king” that governs them all! Jokes aside, are altcoins really profitable? Should you trade altcoins? Let’s take a look.

Why should you be interested?

The old adage “You should never put all your eggs in one basket” rings true for crypto traders and investors. For the purpose of diversification, if you split up your portfolio between Bitcoin and altcoins, you will be hedging against risk.

On the other hand, even though the price of Bitcoin usually sets the tone of the market, altcoins often offer larger capital gains in times of market upswings. …

About

Sylvain

Business Developer at 4C Trading| Experienced Writer about Blockchain and Cryptos | Cryptography passionate.

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