Was sind Altcoins? Ist es wert, sich dafür zu interessieren? Oder ist es besser, sich auf BTC zu konzentrieren?
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Simply put, altcoins are all cryptocurrencies that came after Bitcoin. Their number is growing day by day and has already exceeded 17,000, but not all projects are active.
The list of altcoins includes cryptocurrencies slightly younger than Bitcoin, e.g. Litecoin created in 2011. The rapid development of this market has taken place in the last five years.
New projects outdo each other in proposing new solutions or improvements or additional utilities compared to the "old" cryptocurrencies, e.g. higher transaction speed, scalability or lower mining costs.
Unfortunately, there are also cases of altcoins created for the sole purpose of extracting as much money from investors as possible. What attracts new users the most is the chance to get a higher return on investment compared to Bitcoin, but on the other hand, the risk of loss is also much greater.
Bitcoin is unlikely to collapse in the coming years, so it is considered a relatively safe asset, just like Ethereum, which is currently the most important altcoin. In the case of other cryptocurrencies, any scenario is possible.
For example, in 2021 there was a lot of talk about so-called memecoins, e.g. Dogecoin or Shiba Inu, which were created as a joke and their popularity is based solely on community involvement. Some investors became millionaires, so this resulted in a flood of projects with trendy "dog" names. So far, their creators and investors hope to repeat the success of their predecessors, but 99% of them will never succeed. This is a lesson for those who think that it is enough to buy anything and in a few days they will be rich.
Simply put, altcoins are all cryptocurrencies that came after Bitcoin. Their number is growing day by day and has already exceeded 17,000, but not all projects are active.
The list of altcoins includes cryptocurrencies slightly younger than Bitcoin, e.g. Litecoin created in 2011. The rapid development of this market has taken place in the last five years.
New projects outdo each other in proposing new solutions or improvements or additional utilities compared to the "old" cryptocurrencies, e.g. higher transaction speed, scalability or lower mining costs.
Unfortunately, there are also cases of altcoins created for the sole purpose of extracting as much money from investors as possible. What attracts new users the most is the chance to get a higher return on investment compared to Bitcoin, but on the other hand, the risk of loss is also much greater.
Bitcoin is unlikely to collapse in the coming years, so it is considered a relatively safe asset, just like Ethereum, which is currently the most important altcoin. In the case of other cryptocurrencies, any scenario is possible.
For example, in 2021 there was a lot of talk about so-called memecoins, e.g. Dogecoin or Shiba Inu, which were created as a joke and their popularity is based solely on community involvement. Some investors became millionaires, so this resulted in a flood of projects with trendy "dog" names. So far, their creators and investors hope to repeat the success of their predecessors, but 99% of them will never succeed. This is a lesson for those who think that it is enough to buy anything and in a few days they will be rich.
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