Imagine waking up one morning to find all your investment gone simply because you only invested in one asset? There are many cryptocurrency assets out there; unfortunately, many traders and other novice level participants in the cryptocurrency industry assume that bitcoin is a shorter and fancier name for the only cryptocurrency. Cryptocurrency refers to a wide array of digital assets based on blockchain technology. The famous Bitcoin is just one of the thousands of such assets.
Before delving into the choice of investing between Bitcoins and Altcoins, it is important to discern what it means to invest. Investing refers to the act of putting your money into something and hoping to earn from the operational profit rather than the value of the asset. Buying assets and holding them with the expectation that you will profit from an increase in value is speculation.