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Why Are Altcoins Suffering?

Asked by deathcross Promote - View in Steemit - Audit


The price of Bitcoin is relatively high (10,700 USD at the time of writing), but most other cryptocurrencies (altcoins) are struggling and can’t perform very well. Which can be important reasons? (You can choose various.) (Photo: Own work)

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Many people can’t understand cryptos and are choosing the only one they know. (32.35%) 11 / 34
32.35% Complete (success)
Altcoins are moving often behind Bitcoin but the next alt-hype is imminent. (17.65%) 6 / 34
17.65% Complete (success)
Bitcoin is a safe-haven asset (refuge, shelter) for investors, others, are not. (14.71%) 5 / 34
14.71% Complete (success)
Most altcoins didn’t comply with what they promised. (11.76%) 4 / 34
11.76% Complete (success)
Developments, improvements are too slow. (5.88%) 2 / 34
5.88% Complete (success)
The breakthrough of BEER token is imminent, will kill all other coins. (5.88%) 2 / 34
5.88% Complete (success)
Other (please, comment) (5.88%) 2 / 34
5.88% Complete (success)
Only Bitcoin is secure enough. (2.94%) 1 / 34
2.94% Complete (success)
Facebook can ruin most altcoins with Libra. (2.94%) 1 / 34
2.94% Complete (success)

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