What is a Reddit altcoin?

Up 90% in 24 hrs /r/Altcoin is one of Reddit's original cryptocurrency subreddits, started 8+ years ago. Altcoins are generally considered everything but BTC - so even ETH, ADA and BNB are considered Altcoins.

What are altcoins used for?

Many altcoins are used within their respective blockchains to accomplish something, such as ether, which is used in Ethereum to pay transaction fees. Some developers have created forks of Bitcoin and re-emerged as an attempt to compete with Bitcoin as a payment method, such as Bitcoin Cash .

What are altcoins & how are they related to bitcoin?

But, as we've explained before, Bitcoin has a lot of problems as a currency. The term "altcoin" refers to any other cryptocurrency that's not Bitcoin---in other words, they're alt ernatives to Bit coin. What Are Altcoins, and How Are They Related to Bitcoin?

Should you invest in altcoins?

If you do invest in altcoins, make sure to only invest money you can afford to lose. Nothing is guaranteed in investing, least of all with unregulated and new investments like cryptocurrencies. Bitcoin Cash vs. Bitcoin. "Investing in various altcoins is almost like casting a vote for which technologies you want to see advance," Weiss says.