Cryptocurrencies are really hot right now- chances are you’ve heard about them from friend or coworkers, or even wondered on how to invest in them yourself. Today’s frugal feature is brought to you by a contributing sponsor. Hopefully it will be helpful if you’ve decided to take the leap and start using your savings to invest in Crypto- but always do your research before you make any investment!
This article discusses how investments in various altcoins like DasCoin can yield better results than Bitcoin investments and some other benefits of adding altcoins into your investment portfolio.
The term altcoins refer to all digital alternatives to Bitcoin. Most alternative coins were introduced shortly after the success of Bitcoin. Altcoins are slowly getting on to their maturity stages and most have solid investments. Currencies like Ripple, Ethereum and DasCoin have other benefits than just simply being currency. When you are investing in an altcoin, you might receive access to their blockchain environment or their software product, which can be beneficial.
With altcoins still nearing their maturity period, many experts predict huge growth for coins as an investment. Here are some pointers to help you decide whether an altcoin investment is better than Bitcoin for you.
Altcoins like DasCoin have become very popular among people because of their real-world usability. Let’s take a look at how they can be better than Bitcoin.
1. Better Coin Environment
Altcoins like DasCoin have a better ecosystem around them. The developers received ample time to work on Bitcoin’s shortcomings and make a better overall coin. As a result, the coins are very stable and less prone to security breaches. They have also built up project teams with cryptocurrency experts and most coins have a loyal following.
2. Faster Transactions
The use of latest blockchain enables users to transfer coins very quickly. Altcoin transaction speeds are light years ahead of Bitcoin speeds with most transaction happening within the first 10 seconds. This transaction speed will also help altcoins to be available for general use.
3. Better ROI
Altcoins offer a better return on investments than Bitcoins. After Bitcoins bull run, its value is coming down to the level which experts predicted. Because of their growth phase, altcoins are always increasing their market value. The chances of getting a return on your first week or even the first day are very high with many users reporting 6X growth over a week.
4. Very less transaction fees
You should note that altcoins don’t charge any transaction fee when you are buying or selling coins. It is the exchanges that usually charge money for transactions. The lack of transaction fees is also a pointer towards future applications.
5. Better Blockchain
When you are investing in altcoins the returns are not just monetary, many altcoins provide you access to their software and even their blockchain which might help your business do a certain task in a better manner.
All altcoins offer different types of values because of the use of blockchain, some offer fast transactions, some offer file management solutions, some provide better anonymity and some a very secure.
If you are an investor looking to purchase altcoins, here are some factors you should look into before making a purchase:
• The coin’s presence in a good exchange.
• The unique solution the coin offers.
• An active community base.
• The coin website.
• The project team along with the leaders.
• The number of coins that can be mined/released.
• The whitepaper of the coin.
• The value curve of the coin.
You can find information on the internet to help you research if this is the right investment to balance out your portfolio. Proper research is essential before investment especially when a coin is very new.
With this type of investment, scams can be common, which provide you will multi-level MLM schemes or just plain Ponzi schemes- so please research throughly before you share personal information to ensure your investment before pulling the trigger.