Bitcoin is not the only cryptocurrency, but there are many others, the “altcoins” that followed Bitcoin and added new members to the cryptocurrency family. Like any new generation is superior, the off springs of Bitcoin are also having new features with added benefits and that has affected the bitcoin trading. A large variety of altcoins is available, and every type has its uniqueness in purpose, functionalities, and performance. You can rather say that altcoins are identical to Bitcoin with minor distinction.
Bitcoin vs altcoins
Investment in bitcoins is still a good option because you don’t need to verify its reliability, cryptocurrency investment needs consideration of some important factors which makes you decide between Bitcoin and altcoin.
• If you are a newbie in this field, Bitcoin as a popular cryptocurrency will be most expensive to trade with because Bitcoin market is highly competitive. Altcoin trading in this case would be the best option. Most altcoins are not known by many investors and are therefore, less competitive. You can trade them with low investment.
• Bitcoin is the first cryptocurrency which was strongly designed, but many technical aspects were not considered at the time of its launch. It grew to a large scale and gained utmost popularity, but faced many challenges when some practical issues were raised by its prominent users. Altcoins have been introduced to cope with technical issues raised by its potential users and to ensure their long-term feasibility.
• Trading in altcoin is more profitable and entertaining, particularly for small investors who cannot afford or take risk of investing huge funds in the initial stage. Moreover, it is a good option for investment in diversified portfolio for small as well as big investors to avoid waiting time for surge in the unit value and to maximize profits in short time.
Whether you are a small or big investor, trading in altcoin would be the best cryptocurrency trading.