Altcoin: What are Altcoins?


The easiest way to think about investing in altcoin like Ethereum or Ripple is like investing in a stock. It’s a piece of an enterprise that you can buy or sell at any time using online exchanges like kraken. If the price goes up, you make money; if the price goes down, you lose money.
We call them “altcoins” because it sounds like “bitcoin,” which is the innovation that started it all. These new blockchain-based assets are alternatives to bitcoin: altcoins.
Some people call them “cryptocurrencies,” because they are built on cryptography. This is a terrible name. (Too many syllables.) Some people shorten it to “cryptos,” which is even worse, because it makes you think of dead things.
 So, “altcoins” it is.

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