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Published: Jun 20, 2022 at 3:56 pm
Updated: Jul 11, 2022 at 2:30 am
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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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.
