{"id":2842,"date":"2024-06-30T11:10:41","date_gmt":"2024-06-30T11:10:41","guid":{"rendered":"https:\/\/bitcoin-zukan.com\/?p=2842"},"modified":"2024-06-30T11:10:44","modified_gmt":"2024-06-30T11:10:44","slug":"other-than-bitcoin","status":"publish","type":"post","link":"https:\/\/bitcoin-zukan.com\/en\/investment-en\/other-than-bitcoin\/","title":{"rendered":"Are Cryptocurrencies Other Than Bitcoin Recommended? Beware of the Bargain Sensation of Cheap Tokens"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/bitcoin-zukan.com\/wp-content\/uploads\/2024\/01\/BTCtitle-1-1024x576.jpg\" alt=\"\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3\u4ee5\u5916\u306e\u4eee\u60f3\u901a\u8ca8\u306e\u65b9\u304c\u304a\u3059\u3059\u3081\u306a\u306e\u304b\uff1f\u5b89\u3044\u9298\u67c4\u306e\u304a\u5024\u6253\u3061\u611f\u306b\u8981\u6ce8\u610f\" class=\"wp-image-1633\" srcset=\"https:\/\/bitcoin-zukan.com\/wp-content\/uploads\/2024\/01\/BTCtitle-1-1024x576.jpg 1024w, https:\/\/bitcoin-zukan.com\/wp-content\/uploads\/2024\/01\/BTCtitle-1-300x169.jpg 300w, https:\/\/bitcoin-zukan.com\/wp-content\/uploads\/2024\/01\/BTCtitle-1-768x432.jpg 768w, https:\/\/bitcoin-zukan.com\/wp-content\/uploads\/2024\/01\/BTCtitle-1.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n\n\n<div class=\"st-kaiwa-box clearfix wp-block-st-blocks-st-kaiwa kaiwaicon2\">\r\n\t<div class=\"st-kaiwa-face\"><img decoding=\"async\" src=\"https:\/\/bitcoin-zukan.com\/wp-content\/uploads\/2023\/11\/fiat-right-1.png\" width=\"60px\">\r\n\t\t<div class=\"st-kaiwa-face-name\">\u30d5\u30a3\u30a2\u30c3\u30c8<\/div>\r\n\t<\/div>\r\n\t<div class=\"st-kaiwa-area\">\r\n\t\t<div class=\"st-kaiwa-hukidashi\"><div class=\"st-kaiwa-hukidashi-content\">\n<p class=\"\">Wouldn&#8217;t cryptocurrencies other than Bitcoin grow more in the future? Maybe tokens costing around 1 yen or 100 yen could be more profitable?<\/p>\n<\/div><\/div>\r\n\t<\/div>\r\n<\/div>\n\n\n\n<p class=\"\">Some people interested in cryptocurrencies might think, &#8220;I&#8217;ll buy other coins because they seem more profitable than Bitcoin.&#8221; However, buying random cryptocurrencies based on such a simple notion is very risky.<\/p>\n\n\n\n<div class=\"st-kaiwa-box clearfix wp-block-st-blocks-st-kaiwa kaiwaicon1\">\r\n\t<div class=\"st-kaiwa-area2\">\r\n\t\t<div class=\"st-kaiwa-hukidashi2\"><div class=\"st-kaiwa-hukidashi-content\">\n<p class=\"\">In this article, I&#8217;ll explain the relationship between the number of tokens issued and investment risks for cryptocurrencies other than Bitcoin.<\/p>\n<\/div><\/div>\r\n\t<\/div>\r\n\t<div class=\"st-kaiwa-face2\"><img decoding=\"async\" src=\"https:\/\/bitcoin-zukan.com\/wp-content\/uploads\/2023\/11\/badger-left-3.png\" width=\"60px\">\r\n\t\t<div class=\"st-kaiwa-face-name2\">\u30d0\u30c3\u30b8\u30e3\u30fc\u541b<\/div>\r\n\t<\/div>\r\n<\/div>\n\n\n\n<div class=\"wp-block-st-blocks-midashi-box freebox has-title\" style=\"background-color:#fafafa;border-width:1px;border-color:#f7931a;border-radius:0 6px 6px 6px\"><p class=\"p-free\" style=\"border-color:#f7931a;font-weight:bold\"><span class=\"p-entry-f\" style=\"color:#fffefa;font-weight:bold;background-color:#f7931a;border-radius:0 0 6px 0\"><i class=\"st-fa st-svg-pencil st-css-no\" aria-hidden=\"\"><\/i><span class=\"freebox-title-text\">Summary of This Article<\/span><\/span><\/p><div class=\"free-inbox\">\n<ul class=\"is-style-st-circle wp-block-list\">\n<li class=\"\">A cheaper token doesn&#8217;t necessarily mean it will increase in value more easily.<\/li>\n\n\n\n<li class=\"\">It&#8217;s essential to consider the number of tokens issued and market capitalization, not just the price per coin.<\/li>\n\n\n\n<li class=\"\">Cryptocurrencies with a low market capitalization often include many scam coins.<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n<p class=\"is-style-st-paragraph-memo\">This article was written in Japanese and converted to English using a translation tool.<br>Date of writing (Japanese version): January 2024<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Will Cheaper Cryptocurrencies Grow More?<\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" width=\"960\" height=\"576\" src=\"https:\/\/bitcoin-zukan.com\/wp-content\/uploads\/2024\/01\/Other-BTC-2.jpg\" alt=\"\u4eee\u60f3\u901a\u8ca8\u306f\u5b89\u3044\u9298\u67c4\u306e\u65b9\u304c\u3053\u308c\u304b\u3089\u4f38\u3073\u308b\u306e\u304b\uff1f\" class=\"wp-image-1635\" srcset=\"https:\/\/bitcoin-zukan.com\/wp-content\/uploads\/2024\/01\/Other-BTC-2.jpg 960w, https:\/\/bitcoin-zukan.com\/wp-content\/uploads\/2024\/01\/Other-BTC-2-300x180.jpg 300w, https:\/\/bitcoin-zukan.com\/wp-content\/uploads\/2024\/01\/Other-BTC-2-768x461.jpg 768w\" sizes=\"(max-width: 960px) 100vw, 960px\" \/><\/figure>\n<\/div>\n\n\n<div class=\"st-kaiwa-box clearfix wp-block-st-blocks-st-kaiwa kaiwaicon2\">\r\n\t<div class=\"st-kaiwa-face\"><img decoding=\"async\" src=\"https:\/\/bitcoin-zukan.com\/wp-content\/uploads\/2023\/11\/fiat-right-1.png\" width=\"60px\">\r\n\t\t<div class=\"st-kaiwa-face-name\">\u30d5\u30a3\u30a2\u30c3\u30c8<\/div>\r\n\t<\/div>\r\n\t<div class=\"st-kaiwa-area\">\r\n\t\t<div class=\"st-kaiwa-hukidashi\"><div class=\"st-kaiwa-hukidashi-content\">\n<p class=\"\">Bitcoin used to be less than 1 yen per coin, but now it&#8217;s worth hundreds of thousands of yen, right? Maybe cheaper cryptocurrencies will grow more.<\/p>\n<\/div><\/div>\r\n\t<\/div>\r\n<\/div>\n\n\n\n<div class=\"st-kaiwa-box clearfix wp-block-st-blocks-st-kaiwa kaiwaicon1\">\r\n\t<div class=\"st-kaiwa-area2\">\r\n\t\t<div class=\"st-kaiwa-hukidashi2\"><div class=\"st-kaiwa-hukidashi-content\">\n<p class=\"\">That kind of thinking is quite dangerous. Just because a token is cheap doesn&#8217;t mean it will be easy to profit from it.<\/p>\n<\/div><\/div>\r\n\t<\/div>\r\n\t<div class=\"st-kaiwa-face2\"><img decoding=\"async\" src=\"https:\/\/bitcoin-zukan.com\/wp-content\/uploads\/2023\/11\/badger-left-3.png\" width=\"60px\">\r\n\t\t<div class=\"st-kaiwa-face-name2\">\u30d0\u30c3\u30b8\u30e3\u30fc\u541b<\/div>\r\n\t<\/div>\r\n<\/div>\n\n\n\n<div class=\"st-kaiwa-box clearfix wp-block-st-blocks-st-kaiwa kaiwaicon4\">\r\n\t<div class=\"st-kaiwa-face\"><img decoding=\"async\" src=\"https:\/\/bitcoin-zukan.com\/wp-content\/uploads\/2023\/11\/fiat-right-4.png\" width=\"60px\">\r\n\t\t<div class=\"st-kaiwa-face-name\">\u30d5\u30a3\u30a2\u30c3\u30c8<\/div>\r\n\t<\/div>\r\n\t<div class=\"st-kaiwa-area\">\r\n\t\t<div class=\"st-kaiwa-hukidashi\"><div class=\"st-kaiwa-hukidashi-content\">\n<p class=\"\">But if a cryptocurrency costs 1 yen or 10 yen, it seems like it could easily increase 100 times in value. After all, Bitcoin is worth hundreds of thousands of yen now. It wouldn&#8217;t be surprising if other coins went up to 1,000 yen or 10,000 yen.<\/p>\n<\/div><\/div>\r\n\t<\/div>\r\n<\/div>\n\n\n\n<div class=\"st-kaiwa-box clearfix wp-block-st-blocks-st-kaiwa kaiwaicon7\">\r\n\t<div class=\"st-kaiwa-area2\">\r\n\t\t<div class=\"st-kaiwa-hukidashi2\"><div class=\"st-kaiwa-hukidashi-content\">\n<p class=\"\">The number of tokens issued for Bitcoin is entirely different from other cryptocurrencies. You can&#8217;t simply compare them based on the price per coin.<\/p>\n<\/div><\/div>\r\n\t<\/div>\r\n\t<div class=\"st-kaiwa-face2\"><img decoding=\"async\" src=\"https:\/\/bitcoin-zukan.com\/wp-content\/uploads\/2023\/11\/badger-left-2.png\" width=\"60px\">\r\n\t\t<div class=\"st-kaiwa-face-name2\">\u30d0\u30c3\u30b8\u30e3\u30fc\u541b<\/div>\r\n\t<\/div>\r\n<\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Low Price Per Token Due to High Issuance Volume<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Cryptocurrency<\/th><th><strong>Price per Token<\/strong><\/th><th><strong>Number of Tokens Issued<\/strong><\/th><th><strong>Maximum Supply<\/strong><\/th><th><strong>Market Capitalization<\/strong><\/th><\/tr><\/thead><tbody><tr><td>Bitcoin<\/td><td>6,180,000 JPY<\/td><td><strong><span class=\"st-mymarker-s\">19.6 million<\/span><\/strong><\/td><td>21 million<\/td><td>121 trillion JPY<\/td><\/tr><tr><td>Ethereum<\/td><td>360,000 JPY<\/td><td><strong><span class=\"st-mymarker-s\">120 million<\/span><\/strong><\/td><td>No limit<\/td><td>43 trillion JPY<\/td><\/tr><tr><td>Ripple<\/td><td>81 JPY<\/td><td><strong><span class=\"st-mymarker-s\">54 billion<\/span><\/strong><\/td><td>100 billion<\/td><td>4.4 trillion JPY<\/td><\/tr><tr><td>Dogecoin<\/td><td>12 JPY<\/td><td><strong><span class=\"st-mymarker-s\">140 billion<\/span><\/strong><\/td><td>No limit<\/td><td>1.8 trillion JPY<\/td><\/tr><tr><td>Shiba Inu<\/td><td>0.0014 JPY<\/td><td><strong><span class=\"st-mymarker-s\">580 trillion<\/span><\/strong><\/td><td>No limit<\/td><td>800 billion JPY<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">As of January 21, 2024 (approximate values)<\/figcaption><\/figure>\n\n\n\n<p class=\"\">Cryptocurrencies have different issuance volumes, and those with a high number of tokens tend to have a lower price per coin. As shown in the table above, compared to Bitcoin&#8217;s 21 million tokens, other cryptocurrencies have significantly higher issuance and maximum supply volumes.<\/p>\n\n\n\n<div class=\"st-kaiwa-box clearfix wp-block-st-blocks-st-kaiwa kaiwaicon5\">\r\n\t<div class=\"st-kaiwa-face\"><img decoding=\"async\" src=\"https:\/\/bitcoin-zukan.com\/wp-content\/uploads\/2023\/11\/fiat-right-5.png\" width=\"60px\">\r\n\t\t<div class=\"st-kaiwa-face-name\">\u30d5\u30a3\u30a2\u30c3\u30c8<\/div>\r\n\t<\/div>\r\n\t<div class=\"st-kaiwa-area\">\r\n\t\t<div class=\"st-kaiwa-hukidashi\"><div class=\"st-kaiwa-hukidashi-content\">\n<p class=\"\">The number of tokens is completely different! Hmm, but even if the issuance volume is high, isn&#8217;t it possible that a popular token could increase 100 or 1,000 times in value?<\/p>\n<\/div><\/div>\r\n\t<\/div>\r\n<\/div>\n\n\n\n<div class=\"st-kaiwa-box clearfix wp-block-st-blocks-st-kaiwa kaiwaicon1\">\r\n\t<div class=\"st-kaiwa-area2\">\r\n\t\t<div class=\"st-kaiwa-hukidashi2\"><div class=\"st-kaiwa-hukidashi-content\">\n<p class=\"\">Considering the market capitalization of cryptocurrencies, it&#8217;s very difficult for well-known coins to become 100-fold tokens from now on.<\/p>\n<\/div><\/div>\r\n\t<\/div>\r\n\t<div class=\"st-kaiwa-face2\"><img decoding=\"async\" src=\"https:\/\/bitcoin-zukan.com\/wp-content\/uploads\/2023\/11\/badger-left-3.png\" width=\"60px\">\r\n\t\t<div class=\"st-kaiwa-face-name2\">\u30d0\u30c3\u30b8\u30e3\u30fc\u541b<\/div>\r\n\t<\/div>\r\n<\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Difficulties for High Market Cap Cryptocurrencies to Become 100-Fold Tokens<\/h3>\n\n\n\n<p class=\"\">Market capitalization is a measure of the value and size of a cryptocurrency. It is calculated by <strong><span class=\"st-mymarker-s\">&#8220;price per token \u00d7 current issuance volume.&#8221;<\/span><\/strong><\/p>\n\n\n\n<p class=\"\">Given the market capitalization, it is challenging for widely known cryptocurrencies with large market caps to increase 100 times in value.<\/p>\n\n\n\n<p class=\"is-style-st-paragraph-bubble\">Example of &#8220;Ripple (XRP)&#8221; in the Top 10 by Market Capitalization<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Parameter<\/th><th>Current Value<\/th><th><strong>Number in circulation<\/strong><\/th><th>Market Capitalization<\/th><\/tr><\/thead><tbody><tr><td>Current Value*<\/td><td>81 JPY<\/td><td>54 billion<\/td><td>4.4 trillion JPY<\/td><\/tr><tr><td>Value if 100-Fold<\/td><td>8100 JPY<\/td><td>54 billion<\/td><td>440 trillion JPY<\/td><\/tr><tr><td>Value if 100-Fold + Max Supply<\/td><td>8100 JPY<\/td><td>100 billion<\/td><td>810 trillion JPY<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">*As of January 21, 2024 (approximate values)<\/figcaption><\/figure>\n\n\n\n<p class=\"\">In 2023, the world&#8217;s top company by market capitalization, Apple Inc., had a market capitalization of about 3 trillion USD (approximately 440 trillion JPY). If XRP were to increase 100 times in value, its market capitalization would be on par with Apple&#8217;s. Furthermore, if the number of XRP tokens in circulation reached the maximum supply of 100 billion, the market capitalization would be 810 trillion JPY, a very large amount.<\/p>\n\n\n\n<p class=\"\">Some media and social media claim that &#8220;Ripple will reach 1 million JPY,&#8221; but if XRP were to reach 1 million JPY, its market capitalization would be 100 quadrillion JPY, exceeding the global GDP. The above calculation is just an example, but when considering whether cryptocurrencies can increase 100 or 1,000 times, it is advisable to consider the overall scale of the global economy.<\/p>\n\n\n\n<div class=\"st-kaiwa-box clearfix wp-block-st-blocks-st-kaiwa kaiwaicon6\">\r\n\t<div class=\"st-kaiwa-face\"><img decoding=\"async\" src=\"https:\/\/bitcoin-zukan.com\/wp-content\/uploads\/2023\/11\/fiat-right-3.png\" width=\"60px\">\r\n\t\t<div class=\"st-kaiwa-face-name\">\u30d5\u30a3\u30a2\u30c3\u30c8<\/div>\r\n\t<\/div>\r\n\t<div class=\"st-kaiwa-area\">\r\n\t\t<div class=\"st-kaiwa-hukidashi\"><div class=\"st-kaiwa-hukidashi-content\">\n<p class=\"\">I thought that since Bitcoin reached hundreds of thousands of yen, other cryptocurrencies might reach 1,000 or 10,000 yen, but considering the issuance volume and market capitalization, it&#8217;s clear that these are enormous amounts\u2026<\/p>\n<\/div><\/div>\r\n\t<\/div>\r\n<\/div>\n\n\n\n<div class=\"st-kaiwa-box clearfix wp-block-st-blocks-st-kaiwa kaiwaicon1\">\r\n\t<div class=\"st-kaiwa-area2\">\r\n\t\t<div class=\"st-kaiwa-hukidashi2\"><div class=\"st-kaiwa-hukidashi-content\">\n<p class=\"\">As the number of coins in circulation increases, the value of each coin gets diluted, negatively impacting the price. It&#8217;s important to remember that coins with no maximum supply or those with a small number of circulating coins relative to the maximum supply might see their value diluted in the future.<\/p>\n<\/div><\/div>\r\n\t<\/div>\r\n\t<div class=\"st-kaiwa-face2\"><img decoding=\"async\" src=\"https:\/\/bitcoin-zukan.com\/wp-content\/uploads\/2023\/11\/badger-left-3.png\" width=\"60px\">\r\n\t\t<div class=\"st-kaiwa-face-name2\">\u30d0\u30c3\u30b8\u30e3\u30fc\u541b<\/div>\r\n\t<\/div>\r\n<\/div>\n\n\n\n<div class=\"st-kaiwa-box clearfix wp-block-st-blocks-st-kaiwa kaiwaicon3\">\r\n\t<div class=\"st-kaiwa-face\"><img decoding=\"async\" src=\"https:\/\/bitcoin-zukan.com\/wp-content\/uploads\/2023\/11\/fiat-right-2.png\" width=\"60px\">\r\n\t\t<div class=\"st-kaiwa-face-name\">\u30d5\u30a3\u30a2\u30c3\u30c8<\/div>\r\n\t<\/div>\r\n\t<div class=\"st-kaiwa-area\">\r\n\t\t<div class=\"st-kaiwa-hukidashi\"><div class=\"st-kaiwa-hukidashi-content\">\n<p class=\"\">So, does this mean that small market cap cryptocurrencies (altcoins) could potentially increase 100 or 1,000 times in value?<\/p>\n<\/div><\/div>\r\n\t<\/div>\r\n<\/div>\n\n\n\n<div class=\"st-kaiwa-box clearfix wp-block-st-blocks-st-kaiwa kaiwaicon7\">\r\n\t<div class=\"st-kaiwa-area2\">\r\n\t\t<div class=\"st-kaiwa-hukidashi2\"><div class=\"st-kaiwa-hukidashi-content\">\n<p class=\"\">Altcoins are often rife with scam coins, and their value can drop to one-tenth or almost zero right after purchase. They are very risky for beginners.<\/p>\n<\/div><\/div>\r\n\t<\/div>\r\n\t<div class=\"st-kaiwa-face2\"><img decoding=\"async\" src=\"https:\/\/bitcoin-zukan.com\/wp-content\/uploads\/2023\/11\/badger-left-2.png\" width=\"60px\">\r\n\t\t<div class=\"st-kaiwa-face-name2\">\u30d0\u30c3\u30b8\u30e3\u30fc\u541b<\/div>\r\n\t<\/div>\r\n<\/div>\n\n\n\n<h3 class=\"wp-block-heading\">It&#8217;s Not Recommended to Buy Cryptocurrencies Just Because They Are Cheap<\/h3>\n\n\n\n<div class=\"st-kaiwa-box clearfix wp-block-st-blocks-st-kaiwa kaiwaicon3\">\r\n\t<div class=\"st-kaiwa-face\"><img decoding=\"async\" src=\"https:\/\/bitcoin-zukan.com\/wp-content\/uploads\/2023\/11\/fiat-right-2.png\" width=\"60px\">\r\n\t\t<div class=\"st-kaiwa-face-name\">\u30d5\u30a3\u30a2\u30c3\u30c8<\/div>\r\n\t<\/div>\r\n\t<div class=\"st-kaiwa-area\">\r\n\t\t<div class=\"st-kaiwa-hukidashi\"><div class=\"st-kaiwa-hukidashi-content\">\n<p class=\"\">I was thinking of buying cryptocurrencies sorted by price in ascending order on the exchange\u2026 I&#8217;m also curious about meme coins costing 0.001 yen. I heard they skyrocketed once.<\/p>\n<\/div><\/div>\r\n\t<\/div>\r\n<\/div>\n\n\n\n<p class=\"\">Some might think that cheap cryptocurrencies will somehow increase in value. However, cheap tokens do not necessarily grow and may drop below 1 yen, fall to 0.1 yen, or even have more zeroes added to the decimal.<\/p>\n\n\n\n<p class=\"\">If you&#8217;re not used to investing, you might focus on &#8220;how much the price can rise,&#8221; but it&#8217;s also crucial to consider &#8220;how much your chosen cryptocurrency can fall.&#8221; To avoid wasting limited investment funds, thoroughly research before making any purchase.<\/p>\n\n\n\n<div class=\"st-kaiwa-box clearfix wp-block-st-blocks-st-kaiwa kaiwaicon1\">\r\n\t<div class=\"st-kaiwa-area2\">\r\n\t\t<div class=\"st-kaiwa-hukidashi2\"><div class=\"st-kaiwa-hukidashi-content\">\n<p class=\"\">Meme coins often experience aggressive buying due to social media hype, only for early investors to sell massively and cause a crash. Don&#8217;t trust social media or media outlets that claim, &#8220;This cryptocurrency is about to skyrocket!&#8221;<\/p>\n<\/div><\/div>\r\n\t<\/div>\r\n\t<div class=\"st-kaiwa-face2\"><img decoding=\"async\" src=\"https:\/\/bitcoin-zukan.com\/wp-content\/uploads\/2023\/11\/badger-left-3.png\" width=\"60px\">\r\n\t\t<div class=\"st-kaiwa-face-name2\">\u30d0\u30c3\u30b8\u30e3\u30fc\u541b<\/div>\r\n\t<\/div>\r\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Is Cryptocurrency Other Than Bitcoin Recommended?<\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" width=\"960\" height=\"576\" src=\"https:\/\/bitcoin-zukan.com\/wp-content\/uploads\/2024\/01\/Other-BTC-3.jpg\" alt=\"\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3\u4ee5\u5916\u306e\u4eee\u60f3\u901a\u8ca8\u306e\u65b9\u304c\u304a\u3059\u3059\u3081\u306a\u306e\u304b\uff1f\" class=\"wp-image-1636\" srcset=\"https:\/\/bitcoin-zukan.com\/wp-content\/uploads\/2024\/01\/Other-BTC-3.jpg 960w, https:\/\/bitcoin-zukan.com\/wp-content\/uploads\/2024\/01\/Other-BTC-3-300x180.jpg 300w, https:\/\/bitcoin-zukan.com\/wp-content\/uploads\/2024\/01\/Other-BTC-3-768x461.jpg 768w\" sizes=\"(max-width: 960px) 100vw, 960px\" \/><\/figure>\n<\/div>\n\n\n<div class=\"st-kaiwa-box clearfix wp-block-st-blocks-st-kaiwa kaiwaicon2\">\r\n\t<div class=\"st-kaiwa-face\"><img decoding=\"async\" src=\"https:\/\/bitcoin-zukan.com\/wp-content\/uploads\/2023\/11\/fiat-right-1.png\" width=\"60px\">\r\n\t\t<div class=\"st-kaiwa-face-name\">\u30d5\u30a3\u30a2\u30c3\u30c8<\/div>\r\n\t<\/div>\r\n\t<div class=\"st-kaiwa-area\">\r\n\t\t<div class=\"st-kaiwa-hukidashi\"><div class=\"st-kaiwa-hukidashi-content\">\n<p class=\"\">I was thinking that maybe cryptocurrencies other than Bitcoin are better\u2026<\/p>\n<\/div><\/div>\r\n\t<\/div>\r\n<\/div>\n\n\n\n<div class=\"st-kaiwa-box clearfix wp-block-st-blocks-st-kaiwa kaiwaicon7\">\r\n\t<div class=\"st-kaiwa-area2\">\r\n\t\t<div class=\"st-kaiwa-hukidashi2\"><div class=\"st-kaiwa-hukidashi-content\">\n<p class=\"\">It&#8217;s great that people interested in Bitcoin are also curious about new things. However, don&#8217;t jump to conclusions like &#8220;This new coin might be better than Bitcoin!&#8221; so quickly.<\/p>\n<\/div><\/div>\r\n\t<\/div>\r\n\t<div class=\"st-kaiwa-face2\"><img decoding=\"async\" src=\"https:\/\/bitcoin-zukan.com\/wp-content\/uploads\/2023\/11\/badger-left-2.png\" width=\"60px\">\r\n\t\t<div class=\"st-kaiwa-face-name2\">\u30d0\u30c3\u30b8\u30e3\u30fc\u541b<\/div>\r\n\t<\/div>\r\n<\/div>\n\n\n\n<h3 class=\"wp-block-heading\">It&#8217;s Not Recommended for Beginners to Buy Altcoins Aiming to Become a Millionaire<\/h3>\n\n\n\n<p class=\"\">Many cryptocurrency projects aim to attract funds from beginners, and some are even scams. Many altcoins are issued primarily for the profit of the issuers, and similar coins are being issued daily.<\/p>\n\n\n\n<p class=\"\">Altcoins with a small market capitalization can experience significant price fluctuations due to the trades of a single large holder, which can turn into a money game.<\/p>\n\n\n\n<p class=\"is-style-st-paragraph-bubble\">Cryptocurrencies Are Easy to Create<\/p>\n\n\n\n<blockquote class=\"twitter-tweet\"><p lang=\"en\" dir=\"ltr\">memecoin deploy% speedrun 27s &#x23f1;&#xfe0f; <a href=\"https:\/\/t.co\/OYaXGb5ITR\">pic.twitter.com\/OYaXGb5ITR<\/a><\/p>&mdash; whitelights.eth \u2316 (&#x1f987;&#x1f50a;) (@iamwhitelights) <a href=\"https:\/\/twitter.com\/iamwhitelights\/status\/1654606270614126594?ref_src=twsrc%5Etfw\">May 5, 2023<\/a><\/blockquote> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n\n\n\n<div class=\"st-kaiwa-box clearfix wp-block-st-blocks-st-kaiwa kaiwaicon1\">\r\n\t<div class=\"st-kaiwa-area2\">\r\n\t\t<div class=\"st-kaiwa-hukidashi2\"><div class=\"st-kaiwa-hukidashi-content\">\n<p class=\"\">In the Twitter post above, a new cryptocurrency was created in just 27 seconds. There are many cases where coins are created without much cost or effort, funds are collected, and the project disappears.<\/p>\n<\/div><\/div>\r\n\t<\/div>\r\n\t<div class=\"st-kaiwa-face2\"><img decoding=\"async\" src=\"https:\/\/bitcoin-zukan.com\/wp-content\/uploads\/2023\/11\/badger-left-3.png\" width=\"60px\">\r\n\t\t<div class=\"st-kaiwa-face-name2\">\u30d0\u30c3\u30b8\u30e3\u30fc\u541b<\/div>\r\n\t<\/div>\r\n<\/div>\n\n\n\n<div class=\"st-kaiwa-box clearfix wp-block-st-blocks-st-kaiwa kaiwaicon6\">\r\n\t<div class=\"st-kaiwa-face\"><img decoding=\"async\" src=\"https:\/\/bitcoin-zukan.com\/wp-content\/uploads\/2023\/11\/fiat-right-3.png\" width=\"60px\">\r\n\t\t<div class=\"st-kaiwa-face-name\">\u30d5\u30a3\u30a2\u30c3\u30c8<\/div>\r\n\t<\/div>\r\n\t<div class=\"st-kaiwa-area\">\r\n\t\t<div class=\"st-kaiwa-hukidashi\"><div class=\"st-kaiwa-hukidashi-content\">\n<p class=\"\">I thought that cryptocurrencies, blockchain, and web3 technologies were amazing just because they are new\u2026<\/p>\n\n\n\n<p class=\"\">But assuming &#8220;It&#8217;s new, so it has potential!&#8221; is really dangerous.<\/p>\n<\/div><\/div>\r\n\t<\/div>\r\n<\/div>\n\n\n\n<h3 class=\"wp-block-heading\">It&#8217;s Not Recommended to Buy Without Understanding the Investment<\/h3>\n\n\n\n<p class=\"\">Buying cryptocurrencies without fully understanding them just because &#8220;an influencer recommended it on social media&#8221; or &#8220;someone said they made money&#8221; is not advisable. Cryptocurrencies are often hyped by social media and the media, while there are few people making critical points. Relying solely on someone else&#8217;s opinion can quickly lead to financial loss.<\/p>\n\n\n\n<p class=\"\">Moreover, cryptocurrencies are highly volatile. If you buy without proper understanding, you may end up panic-selling during a price crash. To be able to hold (HODL) even during a price drop, make sure you understand the cryptocurrency thoroughly before investing.<\/p>\n\n\n\n<div class=\"st-kaiwa-box clearfix wp-block-st-blocks-st-kaiwa kaiwaicon6\">\r\n\t<div class=\"st-kaiwa-face\"><img decoding=\"async\" src=\"https:\/\/bitcoin-zukan.com\/wp-content\/uploads\/2023\/11\/fiat-right-3.png\" width=\"60px\">\r\n\t\t<div class=\"st-kaiwa-face-name\">\u30d5\u30a3\u30a2\u30c3\u30c8<\/div>\r\n\t<\/div>\r\n\t<div class=\"st-kaiwa-area\">\r\n\t\t<div class=\"st-kaiwa-hukidashi\"><div class=\"st-kaiwa-hukidashi-content\">\n<p class=\"\">But studying is a bit tedious, and I don&#8217;t really know how to go about it\u2026<\/p>\n<\/div><\/div>\r\n\t<\/div>\r\n<\/div>\n\n\n\n<div class=\"st-kaiwa-box clearfix wp-block-st-blocks-st-kaiwa kaiwaicon8\">\r\n\t<div class=\"st-kaiwa-area2\">\r\n\t\t<div class=\"st-kaiwa-hukidashi2\"><div class=\"st-kaiwa-hukidashi-content\">\n<p class=\"\">In that case, start by learning about Bitcoin. I recommend reading various articles on this site, &#8220;Bitcoin-zukan.com&#8221;<\/p>\n<\/div><\/div>\r\n\t<\/div>\r\n\t<div class=\"st-kaiwa-face2\"><img decoding=\"async\" src=\"https:\/\/bitcoin-zukan.com\/wp-content\/uploads\/2023\/11\/badger-left-1.png\" width=\"60px\">\r\n\t\t<div class=\"st-kaiwa-face-name2\">\u30d0\u30c3\u30b8\u30e3\u30fc\u541b<\/div>\r\n\t<\/div>\r\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Summary: Cheap Cryptocurrencies Other Than Bitcoin Aren&#8217;t Necessarily Better!<\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" width=\"960\" height=\"576\" src=\"https:\/\/bitcoin-zukan.com\/wp-content\/uploads\/2024\/01\/Other-BTC-1.jpg\" alt=\"\u3010\u307e\u3068\u3081\u3011\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3\u4ee5\u5916\u306e\u5b89\u3044\u9298\u67c4\u304c\u4e0a\u304c\u308a\u3084\u3059\u3044\u3068\u306f\u9650\u3089\u306a\u3044\uff01\" class=\"wp-image-1634\" srcset=\"https:\/\/bitcoin-zukan.com\/wp-content\/uploads\/2024\/01\/Other-BTC-1.jpg 960w, https:\/\/bitcoin-zukan.com\/wp-content\/uploads\/2024\/01\/Other-BTC-1-300x180.jpg 300w, https:\/\/bitcoin-zukan.com\/wp-content\/uploads\/2024\/01\/Other-BTC-1-768x461.jpg 768w\" sizes=\"(max-width: 960px) 100vw, 960px\" \/><\/figure>\n<\/div>\n\n\n<div class=\"wp-block-st-blocks-my-box st-mybox has-title\" style=\"background-color:#fff;border-color:#757575\"><p class=\"st-mybox-title\" style=\"color:#424242;font-weight:bold;text-shadow:#fff 3px 0px 0px, #fff 2.83487px .981584px 0px, #fff 2.35766px 1.85511px 0px, #fff 1.62091px 2.52441px 0px, #fff .705713px 2.91581px 0px, #fff -0.287171px 2.98622px 0px, #fff -1.24844px 2.72789px 0px, #fff -2.07227px 2.16926px 0px, #fff -2.66798px 1.37182px 0px, #fff -2.96998px .42336px 0px, #fff -2.94502px -0.571704px 0px, #fff -2.59586px -1.50383px 0px, #fff -1.96093px -2.27041px 0px, #fff -1.11013px -2.78704px 0px, #fff -0.137119px -2.99686px 0px, #fff .850987px -2.87677px 0px, #fff 1.74541px -2.43999px 0px, #fff 2.44769px -1.73459px 0px, #fff 2.88051px -0.838246px 0px;background:linear-gradient(0deg, #fff 0%, #fff 55%, rgba(0, 0, 0, 0) 55%, rgba(0, 0, 0, 0) 100%)\"><span class=\"st-mybox-title-text\">Key Points<\/span><\/p><div class=\"st-in-mybox\">\n<ul class=\"wp-block-list\">\n<li class=\"\">Just because a coin is cheap doesn&#8217;t mean it will increase in value.<\/li>\n\n\n\n<li class=\"\">Consider the number of coins issued and the market capitalization, not just the price per coin.<\/li>\n\n\n\n<li class=\"\">Cryptocurrencies with small market caps often involve scams.<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n<div class=\"st-kaiwa-box clearfix wp-block-st-blocks-st-kaiwa kaiwaicon6\">\r\n\t<div class=\"st-kaiwa-face\"><img decoding=\"async\" src=\"https:\/\/bitcoin-zukan.com\/wp-content\/uploads\/2023\/11\/fiat-right-3.png\" width=\"60px\">\r\n\t\t<div class=\"st-kaiwa-face-name\">\u30d5\u30a3\u30a2\u30c3\u30c8<\/div>\r\n\t<\/div>\r\n\t<div class=\"st-kaiwa-area\">\r\n\t\t<div class=\"st-kaiwa-hukidashi\"><div class=\"st-kaiwa-hukidashi-content\">\n<p class=\"\">There are many cryptocurrencies cheaper than Bitcoin, but I didn&#8217;t know they had way more coins issued than Bitcoin.<\/p>\n\n\n\n<p class=\"\">Just because a coin is cheap doesn&#8217;t mean it&#8217;s a good deal.<\/p>\n<\/div><\/div>\r\n\t<\/div>\r\n<\/div>\n\n\n\n<div class=\"st-kaiwa-box clearfix wp-block-st-blocks-st-kaiwa kaiwaicon1\">\r\n\t<div class=\"st-kaiwa-area2\">\r\n\t\t<div class=\"st-kaiwa-hukidashi2\"><div class=\"st-kaiwa-hukidashi-content\">\n<p class=\"\">It&#8217;s hard for well-known altcoins to increase 100 or 1000 times considering their market cap.<\/p>\n\n\n\n<p class=\"\">Remember that the smaller the market cap, the more likely it is to encounter scam projects.<\/p>\n<\/div><\/div>\r\n\t<\/div>\r\n\t<div class=\"st-kaiwa-face2\"><img decoding=\"async\" src=\"https:\/\/bitcoin-zukan.com\/wp-content\/uploads\/2023\/11\/badger-left-3.png\" width=\"60px\">\r\n\t\t<div class=\"st-kaiwa-face-name2\">\u30d0\u30c3\u30b8\u30e3\u30fc\u541b<\/div>\r\n\t<\/div>\r\n<\/div>\n\n\n\n<div class=\"st-kaiwa-box clearfix wp-block-st-blocks-st-kaiwa kaiwaicon4\">\r\n\t<div class=\"st-kaiwa-face\"><img decoding=\"async\" src=\"https:\/\/bitcoin-zukan.com\/wp-content\/uploads\/2023\/11\/fiat-right-4.png\" width=\"60px\">\r\n\t\t<div class=\"st-kaiwa-face-name\">\u30d5\u30a3\u30a2\u30c3\u30c8<\/div>\r\n\t<\/div>\r\n\t<div class=\"st-kaiwa-area\">\r\n\t\t<div class=\"st-kaiwa-hukidashi\"><div class=\"st-kaiwa-hukidashi-content\">\n<p class=\"\">Bitcoin seems complicated and a bit intimidating, but now I want to learn more about it.<\/p>\n\n\n\n<p class=\"\">Let&#8217;s learn more about Bitcoin!<\/p>\n<\/div><\/div>\r\n\t<\/div>\r\n<\/div>\n\n\n\n<p class=\"is-style-st-paragraph-link\">Recommended Articles\uff1a<a href=\"https:\/\/bitcoin-zukan.com\/en\/learn\/what-is-bitcoin\/\" data-type=\"link\" data-id=\"https:\/\/bitcoin-zukan.com\/en\/learn\/what-is-bitcoin\/\" target=\"_blank\" rel=\"noreferrer noopener\">What is Bitcoin?<\/a><\/p>\n\n\n\n<div class=\"wp-block-st-blocks-my-box st-mybox\" style=\"background-color:#fff;border-color:#757575\"><div class=\"st-in-mybox\">\n<div class=\"wp-block-columns is-not-stacked-on-mobile is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:33.33%\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" width=\"600\" height=\"600\" src=\"https:\/\/bitcoin-zukan.com\/wp-content\/uploads\/2023\/10\/Twitter\u30a2\u30a4\u30b3\u30f3sizedown.png\" alt=\"Sigeru Minami\" class=\"wp-image-340\" style=\"aspect-ratio:1;width:100px;height:auto\" srcset=\"https:\/\/bitcoin-zukan.com\/wp-content\/uploads\/2023\/10\/Twitter\u30a2\u30a4\u30b3\u30f3sizedown.png 600w, https:\/\/bitcoin-zukan.com\/wp-content\/uploads\/2023\/10\/Twitter\u30a2\u30a4\u30b3\u30f3sizedown-300x300.png 300w, https:\/\/bitcoin-zukan.com\/wp-content\/uploads\/2023\/10\/Twitter\u30a2\u30a4\u30b3\u30f3sizedown-150x150.png 150w, https:\/\/bitcoin-zukan.com\/wp-content\/uploads\/2023\/10\/Twitter\u30a2\u30a4\u30b3\u30f3sizedown-100x100.png 100w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/figure>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:66.66%\">\n<p class=\"is-style-st-paragraph-marumozi\"><strong><strong>Writer\uff1aSigeru Minami<\/strong><\/strong><\/p>\n\n\n\n<p class=\"\">Creator of &#8220;Bitcoin-zukan.com.&#8221;<br>Active as a handmade craftsman of Bitcoin goods.<\/p>\n\n\n\n<p class=\"\"><br><\/p>\n<\/div>\n<\/div>\n\n\n\n<p class=\"\"><\/p>\n<\/div><\/div>\n\n\n\n<p class=\"\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>There are many cryptocurrencies other than Bitcoin, but it&#8217;s not advisable to buy tokens with low prices per coin impulsively. Be wary of claims like &#8220;This is going to grow!&#8221;<\/p>\n","protected":false},"author":3,"featured_media":1633,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_locale":"en_US","_original_post":"https:\/\/bitcoin-zukan.com\/?p=1624","footnotes":""},"categories":[12],"tags":[],"class_list":["post-2842","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-en","en-US"],"_links":{"self":[{"href":"https:\/\/bitcoin-zukan.com\/wp-json\/wp\/v2\/posts\/2842","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoin-zukan.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoin-zukan.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoin-zukan.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoin-zukan.com\/wp-json\/wp\/v2\/comments?post=2842"}],"version-history":[{"count":0,"href":"https:\/\/bitcoin-zukan.com\/wp-json\/wp\/v2\/posts\/2842\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoin-zukan.com\/wp-json\/wp\/v2\/media\/1633"}],"wp:attachment":[{"href":"https:\/\/bitcoin-zukan.com\/wp-json\/wp\/v2\/media?parent=2842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoin-zukan.com\/wp-json\/wp\/v2\/categories?post=2842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoin-zukan.com\/wp-json\/wp\/v2\/tags?post=2842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}