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Jordan Mendiola

Alt Coins Are My New Favorite Form of Investing

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Jordan Mendiola
Jordan Mendiola
 2021-05-13

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Photo by Chris Briggs on Unsplash

Why keep all your money in your savings account when you could be making money while you sleep?

We’ve all heard of the life-changing returns that Dogecoin had going from 0.002 cents to 70 cents the night before Elon Musk did his SNL skit. 

The returns are so ridiculous that people become millionaires within the span of a year all because they allocated some money to the side one day.

Thanks to my incredible girlfriend and my job revolving around investing, I’ve begun to get more into altcoins.

What is an AltCoin?

An Altcoin is an alternative digital currency to Bitcoin. The word Altcoin is a portmanteau of “alternative” and “coin”, to form “altcoin”. It actually refers to a group of cryptocurrencies, ultimately all the cryptocurrencies other than Bitcoin.

Cryptocurrencies besides Bitcoin have been popping off at insane rates. Some of the most popular names that come to mind are Safemoon, Munch, Shiba inu, and FEG tokens.

Sure, you could invest in bitcoin, but at $58,000 in price, you’re not truly going to get insane returns unless it 10x’s to nearly $500,000 a coin.

Why I like AltCoins:

They’re incredibly cheap, you get a hefty quantity of coins, and they all serve different purposes.

The following investments I have aren’t doing the greatest for now, but it’s all about having a long-term perspective because even if one coin hit’s a penny, I’m going to have a really nice return I can use to pay for my living expenses. 

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Opportunity is looking us in the face:

The opportunities are endless and these movements are much more drastic than watching your stocks gain or lose a few dollars in value. 

Sure, the risk is higher, but it’s a risk I’m willing to take.

Life-changing money all starts with a little due diligence before it jumps and you get rewarded handsomely. 

If you have the extra money in your pocket, I would highly recommend learning how to use Trust Wallet, Pancake Swap, Coinbase, Crypto.com, etc. 

There’s money to be made while you sleep, so why waste it on anything else? The long-term game always wins. Just get in, hold, and wait for your time to come!