Altcoins are very popular these days - for good reason.
If you would have purchased $100 worth of Litecoin a year ago, you’d be sitting on a very fat $30,000 right now! It pays to stay ahead of the curve. Last year many people were investing in Bitcoin, and enjoying large yields, but nowhere could they have earned more than by plunking their cold hard currency into Litecoin.
Place Your Best Bet Now On The Next Big Cryptocurrency
So which altcoin will be the next big winner? That’s for you to decide. If you make the correct decision, you could be sitting on a fortune one year from now.
So far there are over 70 different altcoins for you to choose from, with many more likely to be released. All it takes for a new altcoin to emerge is a bit of tweaking of Bitcoin’s code base by developers. Each altcoin will have its own unique DNA.
Litecoin, for example, was created with the intent of being fairer than Bitcoin. It’s lighter on system resources than Bitcoin, allowing less hardcore miners to earn loot.
One thing seems likely: since Bitcoin has seen huge growth in the last few years, some alternatives will likely hit it big. Litecoin has certainly proven this theory, and others like Dogecoin seem poised to follow up in much the same way.
If you’re planning on investing in altcoins you’ll need to understand the risk and reward. There’s no telling what can happen. Even the founder of Litecoin, Charlie Lee admitted he was not good at predicting when to buy or sell the cryptocurrency. If he can’t be sure, imagine how hard it will be for the rest of us.
Still, it’s worth giving it a try. Never invest money you can’t afford to lose of course. Putting a few bucks into pure speculation of cryptocurrency will either hit or miss big. You may lose it all or you may end up with a 3,000% return! Only time will tell.