altcoins vs coins vs tokens

[Montane]

Just a really quick question. What is the difference between altcoins and coins and tokens? And how does the difference affect me from a prospective traders perspective?

[meanwords]

Altcoin refers to cryptocurrencies that isn't Bitcoin. Coin refers to cryptocurrencies that have their own chain (ex. monero, dash, etc). Tokens refers to cryptocurrencies (like DeFi) that uses Smart Chains (ex. Ethereum, Binance Smart Chain, etc).

[JeffBrad12]

Just a really quick question. What is the difference between altcoins and coins and tokens? And how does the difference affect me from a prospective traders perspective?

Altcoin means alternate coin and it refers to the assets that already generated or issued on the blockchain like ethereum, TRON , EOS and many more

Coin is a crypto that used its own chain just like ethereum, polkadot, binance, and many more.

Altcoin can be called a token and there's no difference between this.

Basically, this doesn't give a lot of differences in the trader's perspective.

[btcsmlcmnr]

Just a really quick question. What is the difference between altcoins and coins and tokens? And how does the difference affect me from a prospective traders perspective?

Tokens are altcoins that don't have their own blockchains. Definition of tokens.

Coins include bitcoin and alternate cryptocurrencies (altcoins).

Altcoins are created by forks, cloning sourced codes and they usually are wiped out by bear market. They have high price at starts but over time, they will slip down on price and gradually disappear from the market. Many of them end with 0 volume, zero development activities.

Invest your money into bitcoin and coins from top-notch exchanges. Since 2020, DeFi tokens are hottest but you will lose money if you invest in them and don't sell quick enough.

[Luffygroove]

okay, so I'll try to explain it in a very simple way. As far as I know, coins usually have their own native blockchain so it's independent and made especially for the project, for example, Ethereum, NANO, Doge, etc. Meanwhile, tokens have been built on top of another blockchain, like Ethereum, NEO, or Waves that have smart contracts in them. This smart contract possible other projects to be built and developed on it. An example of these tokens is PundiX that based on ethereum. Then, altcoin actually is an abbreviation of alternative coins, basically, altcoins are coins other than bitcoin. I hope this will explain well.

[electronicash]

any other cryptocurrency besides BTC are called altcoins. coins however are the ones with their own chain like LTC and Doge and tokens are the ones using other blockchains. ETH is one of the platforms that allows developers to create altcoins which can be considered tokens. one of the most popular tokens is UNI tokens of Uniswap. all tokens that are in Uniswap are considered ETH tokens or ERC tokens.

[cryptoaddictchie]

Just a really quick question. What is the difference between altcoins and coins and tokens? And how does the difference affect me from a prospective traders perspective?

Your first questions has been answered already by few post above and the explanation is quite clear already based on their difference. Now the last question is quite tricky, cause to be honest it will be your guide as a trader and why you should pick a good set of trading asset to focus in or cryptocurrency to work on. Now coin are much complicated than tokens in terms of technology but I could say they are the one whom have more works done than simply rent on a smart chain contract. Now as a trader you can grasp which one has potential and more criteria for improvement actually it's a matter of understanding and use cases of the project.

[TheUltraElite]

What is the difference between altcoins and coins and tokens?

Different types of assets but coming under the same asset class. Not sure what you refer to by saying "coin" - without further clarification I would take that as fiat, in that case it becomes a separate asset class while crypto is another one.

And how does the difference affect me from a prospective traders perspective?

A change in asset types under the same asset class does not change the mode of trade if that is what you are asking. It is matter of naming only. However you should be careful what you are dealing with. Like Ether tokens and TRON tokens are not mutually storeable. Wallet types will differ. Again dont send Omni tokens like Tether to an Ether wallet because you will get into a lot of trouble for such petty mistakes.

Know what you are trading on completely before you trade. That is all you need to know.

[semobo]

What is the difference between altcoins and coins and tokens? And how does the difference affect me from a prospective traders perspective?

For day trader and short term traders, there is no difference between them because they are only going to focus on technical analysis of the assets so which is expected to bump in near future will get invested on the other hand long term investors should focus on the fundamental analysis first so they need to invest on a project value not on the price value for that coins may get more preference in my opinion over tokens.

[dhemasm]

Altcoins = Alternative Coins Beside Bitcoin
Coins = Have it's own Chain (Ethereum, TRX, LTC, Arweave)
Tokens = An Tokenized Asset that using some existing chain with Smart Contract as it's basis.

In short term I don't think there will be a significant effect for traders but for the long term there will be quite a significant effect, Sometimes Tokens will release their own Mainnet with better improvisation than the Chain used when it gives a boost to price increases, Basically it all depends on development token itself and the time it takes.

[Montane]

Just a really quick question. What is the difference between altcoins and coins and tokens? And how does the difference affect me from a prospective traders perspective?

Altcoins are created by forks, cloning sourced codes and they usually are wiped out by bear market. They have high price at starts but over time, they will slip down on price and gradually disappear from the market. Many of them end with 0 volume, zero development activities.

Invest your money into bitcoin and coins from top-notch exchanges. Since 2020, DeFi tokens are hottest but you will lose money if you invest in them and don't sell quick enough.

So how long before they usually get 'wiped out'? And like Binance is that a good exchange to trade on? What do you use? And tokens can be stored on an exchange right?