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Bitcoin or Altcoin: Which is Better Investment
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[QUOTE="Squamation, post: 281649, member: 89311"] Bitcoin and alternative cryptocurrencies are both erratic because cryptocurrencies are still a speculative asset class. Bitcoin and alternative cryptocurrencies share many similarities. They are both peer-to-peer systems that can be used as a means of exchange in online transactions to pay for goods and services. Investors require a digital wallet in order to buy, sell, or store either Bitcoin or altcoins. Both types of cryptocurrencies are decentralised, which means neither a third party nor a centralised organisation is required to process transactions or manage a specific Bitcoin or altcoin network. Although nobody can predict the future, it is always possible for another cryptocurrency to surpass Bitcoin in popularity. Although Bitcoin currently holds a monopoly position in the market, there are other cryptocurrencies with blockchain networks that function differently and provide features that Bitcoin does not. The cryptocurrency market is dominated by bitcoin, whose trading volume and market value are unparalleled. It was the first of its kind, and it has the biggest altcoin network. The performance of altcoins and the entire cryptocurrency market is gauged against the benchmark of bitcoin. [/QUOTE]
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Bitcoin or Altcoin: Which is Better Investment
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