๐ถ Bitcoin was started in 2009 and has now become the largest coin ๐ in the crypto market.
Cryptos that are not Bitcoin are called Altcoins ๐ โ for example, tokens like Ethereum, XRP, and Tether.
๐นBitcoin vs Altcoins โ The biggest difference โ๏ธ
Bitcoin = Basic digital money ๐ฐ
Altcoins = Projects that solve a specific problem/feature ๐ ๏ธ
๐ธ Coin vs Token โ Differences ๐ช vs ๐ท๏ธ
Coin ๐ Owns a private blockchain
(Bitcoin, Ethereum, Solana, BNB)
Token ๐ A project created on another blockchain
(Uniswap, USDC, Tether)
๐น Altcoin Categories ๐
Altcoins are categorized โ
Layer-1 blockchains ๐
DeFi projects ๐น
Centralized exchange tokens ๐ฆ
Stablecoins โ๏ธ
AI tokens ๐ค
Privacy coins ๐ถ๏ธ
etc.
๐ธ Risk vs Reward โ Market Dominance ๐๐
Most of the money in the crypto market
When BTC dominance is high โ Altcoins do not rise
When BTC dominance is low โ Altcoin Season ๐
Investors also follow this cycle to invest.
๐น Volatility โ Instability ๐ช๏ธ
Bitcoin ๐ Only a little increase and security
Altcoins ๐ Sometimes can drop 40%โ80% (High Risk/High Return) ๐ฅ
Some Altcoins may disappear before the next cycle โ
๐ธ Long-term Portfolio Tip ๐งฉ
For long-term investors โ
50% Bitcoin ๐งก
50% Altcoins (Blue-chip + High-risk gems) ๐ฏ
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