In these post i will be talking about altcoin.Now that you have a full understanding about what bitcoin is,let move further to altcoins..

What are Altcoin

In our older post,i talked about all what you should know about bitcoin..If you are reading these post, then i guess you have a knowledge about Bitcoin...But if you don't then i guess you have to visit These link.Now back to the topic..Just like bitcoin was the first ever cryptocurrency that was evolved in the year 2009,Bitcoin since then has increased in it need to solve problems and these led to the creation of other cryptocurrency which are called altcoins..Just like bitcoin,i would say,altcoins are alternative cryptocurrency...You might be asking,why did i say so,why is it an alternative to bitcoin..That brings us to the question;

Why is an altcoin an alternative to bitcoin

To cut short the long talk,im going to give ten reasons why an altcoin is an alternative to bitcoin.

1.The first reason to prove the hypothesis is that,altcoins also make use of the Blockchain technology..That really gives us a clear explanation.. Cryptocurrency in general,makes use of the Blockchain technology..So let say cryptocurrency is closely related to the Blockchain network..If you dont have a knowledge about Blockchain technology kindly visit Blockchain technology..

2.Just like bitcoin, Altcoins are also decentralized..
Yes, Altcoins are decentralized..What i mean by decentralized is that they have low government regulation..They are not controlled by the government and that one of the attribute of bitcoin..

3.Wide range of business opportunity;One of the main advantage of cryptocurrency is that they provide a wide range of business opportunity..For example,one of the business opportunity that cryptocurrency offers is trading.Trading in general simply means exchanging your currency for another so as to make profit..Just like your local money which can be traded for another currency, cryptocurrency can also be traded either to your local currency such as usd,euros etc or to other crypto(short form for cryptocurrency) in order to make profit..

4.Altcoins can also be mined.. Mining doesn't only apply to bitcoin,it applies generally to the crypto world..mining in general involves the process by which a coin is been produced..But that definition is only for a beginners level..Mining can also be the confirmation of transaction..In a later post im going to explain mining in a more broader sense..

5.Speed of transaction..Just like bitcoin,some altcoins also provide a mich more easier way transaction..In most cases it might be slow but in general cryptocurrency is known for it speed in transaction..

Why you should also consider investing in altcoin..

Just like bitcoin, altcoins also possess some interesting features like bitcoin..Just as i have made a few highlight about Altcoin..The most intereting part is the high profit return..Which is why cryptocurrency is considered as a long term investment.In the crypto world,there different type of people..There are some which consider it because of it use and how it solves problems like speed of transaction,low government control and so on..But majority of people consider it much like a business opportunity which so many people fall into..But that is actually not bad since no body want to invest in what they won't see profit..In order to make bigger profit,You have to be willing to make long term investment..Let take bitcoin as an example..In the year 2009,the price of bitcoin was less than a cent,but today as at writing the price of bitcoin is more than $6000..That what i mean by long term investment..sometimes it doesn't really takes up to 10years or so but if you invest in the right cryptocurrency,sure you will make huge returns..And looking on how to profit,you must also consider that you must be an early adopter of the coin..let say,you were part of the first set of people who invested in the coin before the price went up..One of my biggest regrets is that i didn't have a knowledge or heard the word bitcoin untill the year 2015.If i had been one of the early adopters of these coin,maybe i would be a billionaire by now..Let just take that as a joke..Im also an early adopter and also you because we have a knowledge about Cryptocurrency.To have a knowledge is simply enough and i fully know that the price of bitcoin will also break past it current price.. Moreover,that also applies to altcoin,just a little investment can make you a millionaire..I can vividly remember one of my crypto investment..A little investment of $10 gave me a whipping profit of more than %1000 which is like $100..Imagine if i had invested much more than that..To cut the story,if are reading up to these level then i will congratulate you because you have made one of the biggest move in creating a much more bigger wealth..In our later post,im going to highlight the ways in going about your first investment..But for know you just have to know the basics..All you just have to do is sit and learn..


Moreover,you might be considering what are these altcoins,how do i get to know them..



The answer to these will be in our next post but for now,let just hook with the basics..But im going to update these post as soon as possible so let just sit and relax and understand the basics..For now i will say a goodbye..If you think these post was helpful to you, kindly share and subscribe.. GOODBYE FOR NOW...................