Aside bitcoin, every other coin or token falls under altcoins in cryptocurrency, memecoin are known for their own unique characteristics in altcoins, because they are ore volatile, then we have other altcoins and tokens, but i don't know if there are other context at which others still refers to the memecoins being categorized aside from the initial way we have already know.

When you ask questions like how many altcoins are there, you will get answers such as tens or thousands of altcoins out there or more. But according to Coingecko, there's at least over 16,500 altcoins out there sometimes around 2024. But to further categorize altcoins into forms based on their similarities in market value or volatility, is to also mention stablecoins, which are altcoins that are more stable than even the bitcoin because their assets are mostly tied to another stable asset class such as the fiat currency or even gemstones like gold and an example of such is the USDT Tether which is tied to the USD currency in the fiat world.

Another category of altcoins can be referred to as the DeFi altcoins and they are native to the decentralized and automated platforms which operate through the use of smart contracts. A popular element of these DeFi altcoins is because individuals can maintain control over their DeFi coins and example of such categories of coins are the Unswap & Chainlink.

Another category of altcoins can be the Proof of Work kind of coins like the mining-based altcoins such as DOGE. DOGE is a typical example of a mining-based altcoin because it used PoW mining to generate new coins and verify new transactions. With this, a miner gets to compete with another by solving complex mathematical equations in order to verify altcoin transactions and as a result gets rewarded.

There are several more altcoins categories such as the Proof of Stake altcoins, Governance altcoins and the Memecoins etcetera. The Memecoins are also a category of altcoins that gained their popularity through their association with internet memes or other popular internet trends. Such Memecoin projects are driven by the popularity of an internet trend and it's value could rise and fall as a result of the trending internet hype. Once such hypes die down, it greatly affects the value and prices of such coins. Example of  popular Memecoins include the dogecoin, Trumpcoin, Pepe, BONK and Shiba Inu, among others.

I will end my submission with a simple definition of altcoins — they are cryptocurrencies that are alternative of bitcoin. Which means to say that whatever cryptocurrency that is not a bitcoin, is absolutely an altcoin or in full, an alternative coin, ether a Memecoin or a Stablecoin, etcetera.

Quote from: JoyMarsha on May 03, 2025, 11:50:46 PM

Our Bitcoin accumulation  getting lost when we die of sudden; is it what will raise concerns? Many people lose their properties that weigh billions of dollars, and life still goes on without holding on a bit.

Well, it's not going to be that way, there's no harm in giving clues to some of your closed ones about your assets as if you don't then you won't be able to do anything if you die out of no where. No one knows when they're going to die, and for safety of the assets it's better to give your loved ones some clue about it.

I agree with you too, but ultimately, no one knows what tomorrow holds, whether that your loved one you so much trust with your asset will die before you or die the same time with you, but whatever the same might be, sharing your assets with your loved ones have a good benefit and the advantages are usually more than the disadvantages. One of the worries or disadvantages could be in a case of disappointments where such loved persons disappoint you by bridging the trust that binded you, through stealing of your assets or so. In any ways, such incidents are minimal with our loved ones as they're expected to always protect our interests instead of doing otherwise.

$DOGS have now postponed the listing date again after Binance decide to launch on their exchange too. It will be great that all exchanges list on the same date to avoid more manipulation of the token price by any of the exchanges. The case of Lbank listing $DOGS on their exchange bright an out some misunderstanding between them and the Dogs community, maybe they’re sought that out by now already.

I am more confident on the 26th of this month which was later decided due to listing of the $DOGS token on the Binance exchange. Binance remains number one exchange in the world and they're acceptability of the $DOGS airdrop is meant to have a significant impact on the release date of the $DOGS. It's just 2 days left, let's see what the result will be.

Only the rich or people that are seeing good funds from somewhere be it business or job are the only ones that can invest in bitcoin currently because of the hardship in the country. Our own case is different because we are in the forum and participate in signature campaign which we get paid in bitcoin. It is not so easy in the real world to invest in bitcoin when you have not eaten. Majority of the citizens are facing difficulties and most civil servants salary have depreciated due to inflation.

Honestly I never thought bitcoin investment is a classist. I think over this somethings and I'm always left with the thought of, must someone be rich before they can invest in Bitcoin or its all depends on how patient, sacrificial and consistent you are regarding the investment. I thought DCA approach was meant to cover those with little funds who still have the interest to invest in Bitcoin.

Crypto has changed the life style of many individuals but crypto trading and investment is not as easy as people assume therefore they are doing other different tasks in the crypto field to earn money and those who are experts in trading and investment are getting good income which helps them a lot in managing their routine expenses.

The truth is it's not everyone that have the comprehension of learning beyond the surface of the crypto technology. Not everyone can learn the technical aspect of the crypto technology hence the reason why you're making this observation. This is not to mention the demography of those who could have learnt the technical aspects of the crypto including mastering the trading and investment models in the crypto industry but decided not to due to their subtle approach towards the entire technology.

If we can have more intellectually grounded people who will take the pains of learning the hard skills of Bitcoin and other cryptocurrencies to later transfer same knowledge to others in a more simplified manner, that will also assist in enriching more people with deeper crypto knowledge.

The hype for meme coins faded away for a while now so these projects developers are coming with new names than gets along with the current trend and for that they just used the opportunity of people talking to earn model and trying to utilise it.

I think people are beginning to get tired of these airdrops gradually and the reason is because of how these developers have been flooding the market with different projects that have dusted the people to the point that they feel like being betrayed putting in all efforts in vain. The level of popularity the airdrops have gotten recently is massive but the virality have also came with the trust issues.

I think this could be the new trend, government taxing us, so this is not a surprised and seeing that Nigeria is one of the largest crypto market in the world, their government will have to look and find a way to get some "money" from their people.

We know that India already has also put a taxed, although if you look at it, if we pay tax, should we at least get some protection from the government?

Or this is the cost of being in crypto now? And we will never be free although crypto is a way for us to be out of the reach of these governments.

I hope the Nigerian government can do better than just placing taxes on cryptocurrencies. They should also standardize the regulations by trying to protect the crypto community within Nigeria. A lot of people needs to continue to be safe in the hands of the government using the cryptocurrencies rather than placing taxes and still making people uncomfortable with using bitcoin amongst other cryptocurrencies.

I completely agree with your view. Choices we make can greatly affect our lives so it is important we should make good choices. Good decisions can bring money happiness or better health and on the other hand bad ones can cause problems and hold us back. We make decisions every day big or small and it is good to think about how they might affect us.

Good decisions bring about good things of life and not just money. It brings about a healthy living and minimizes one from taking decisions that will wrongly affect you being it financially or otherwise. But how do you make the right decisions without having the knowledge to do so. This is the reason why seeking for the right knowledge about aspects of life that relates our daily activities is paramount to a good living.

Technology has made it easier to make decisions by giving us access to lot of information. This helps us make better choices and makes decision making process faster and more better. With using technology we can make our lives better.

Although, one would say that Technology has made it easier for us to make the right choices within short period of time especially with the advent of the Artificial Intelligence tools like Gemini.AI or ChatGPT, however, if you don't know how to make right use of it, it will end up consuming your intellect leaving you to depend solely on it for survival which isn't a good practice.