Bitcoin Vs Altcoins, How You Should Invest Your Naira !

The Bitcoin is a truly marvellous creation. Storing value and allowing flexibility for on demand transactions bitcoin has given way for countless spin offs to be developed while some have unique features to distinguish them from Bitcoin, others are just plain copies designed to line developers pockets. Here we will examine why Bitcoin may be the real answer to the need for cryptocurrency in the real world…

altcoins

Altcoins

In terms of financial security the Bitcoin has the best record so far. Smaller currencies are at a huge threat from whales. Market manipulation has long given altcoins a bad reputation. A whale can simply buy up large amounts and artificially inflate the price before crashing the markets. While this profits the dumper, on the long run value of altcoins drop dramatically and sadly many do not recover. Bitcoin on the other hand is much much harder to manipulate especially as the market cap is in the billions no one organization can influence the price directly. As a result market prices will move naturally and fluidly.

Stability comes hand in hand with security. The security of the Bitcoin network is one of the most reliable aspects of the coin itself. Compared to the DAO token and small cryptocurrencyies which were attacked as the Ether Network fell. This itself led to millions of dollars going missing and has been a major pitfall for smaller currencies. Often the target of hackers, sometimes malicious currencies can also be dangerous on the user end.

On the contrary, Bitcoin has not had a major hack for some time as the solid coding proves its worth having stood defiant for over half a decade. The coin has become one of the safest and encrypted ones around. You too can test the Bitcoin yourself via the NairaEX exchange from where you may purchase Bitcoin with Naira at premium rates!

Written By

Hi I'm Aleppo Allesadero a experienced bitcoin user and educator. Having worked for over a year in the bitcoin journalism ive seen bitcoin grow from strength to strength asserting its power against fiat currency. Hopefully you too can learn about this exciting new prospect which may help transform the way we see finance and economy on a daily basis.