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Trying my hand at investing in altcoins…
Since investing in Bitcoin, I have been inundated on my x.com (Twitter) account with others talking about meme coins & altcoins.
Like any other investor, whenever I see someone else earning a great profit from a very little investment, I start to wonder if I could do the same thing…enter the FOMO…
- Thus this “Altcoin experiment”…
In this article, I’ll discuss some of the risks associated with investing in Altcoins, my strategy, & how it has worked so far.
(I will not get into very much detail for each coin because I’m learning as well & don’t want to lead others in the wrong direction. DYOR. NFA. Invest only what you are willing to lose. Your strategy & result may differ from mine.)
If you want to see all the projects I’m currently active in, read my referral article below.
Simply put Altcoins are other Cryptocurrencies besides the regular coins, like Bitcoin & Ethereum.
These can be very common tokens such as Binance (BNB), Polygon (MATIC), USDC, USDT, & many others. Most Altcoins are forks (modified copies) of BTC & ETH. There are thousands of altcoins out there, with more being created all the time.
They can do a very specific function, serve as a very specific Dapp token, or just a speculative coin.
Here is a list of some common Altcoins, just to name a few:
- Binance (BNB)
- Polygon (MATIC)
- XRP Ledger (XRP)
- The Graph (GRT)
- Polkadot (DOT)
- Solana (SOL)
I currently own/use BNB, USDC, & Matic often. So now, I’ll diversify some & try my…
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