The Most Important Cryptocurrencies Besides Bitcoin

Everyone has heard of Bitcoin, even if they don’t fully understand it. There are numerous other cryptocurrencies besides Bitcoin. According to Wikipedia, there are 19 active cryptocurrencies, and most of these were released in the last couple of years. Coinmarketcap.com lists 100 cryptocurrencies. Many experts believe the numbers will continue to climb.

Why You Might Want to Wait Before You Invest in Bitcoins

Holding Bitcoins is a bit like living in the Wild West. You never know what’s going to happen. If you’re interested in speculation, the purchase of Bitcoins may be a good idea. However, there are several reasons why holding Bitcoins can be a mistake. Bitcoins can lose value suddenly, suffer from a lack of governmental oversight, and offer no protection in the case of loss or theft.