Altcoin Trader
What is an altcoin trader?
Put simply, an altcoin trader is a financial player who focuses primarily on buying and selling so-called altcoins – cryptocurrencies outside the mainstream of Bitcoin and Ethereum. Altcoin markets are often less liquid and far smaller than traditional cryptocurrency markets.
Understanding altcoin traders
There are tens of thousands of altcoins and they come in several types and have differing utilities. There is no clear delineation between which cryptocurrencies exist as altcoins beyond the expectation that Bitcoin and Ethereum are the primary investment vehicles for traditional crypto investors. Interestingly, altcoins can be built on the Ethereum blockchain which, in turn, defines Ethereum as an altcoin.
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In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
John Biggs is an entrepreneur, consultant, writer, and maker. He spent fifteen years as an editor for Gizmodo, CrunchGear, and TechCrunch and has a deep background in hardware startups, 3D printing, and blockchain. His work has appeared in Men’s Health, Wired, and the New York Times. He has written eight books including the best book on blogging, Bloggers Boot Camp, and a book about the most expensive timepiece ever made, Marie Antoinette’s Watch. He lives in Brooklyn, New York.
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John Biggs is an entrepreneur, consultant, writer, and maker. He spent fifteen years as an editor for Gizmodo, CrunchGear, and TechCrunch and has a deep background in hardware startups, 3D printing, and blockchain. His work has appeared in Men’s Health, Wired, and the New York Times. He has written eight books including the best book on blogging, Bloggers Boot Camp, and a book about the most expensive timepiece ever made, Marie Antoinette’s Watch. He lives in Brooklyn, New York.
