Post
Topic
Board Altcoin Discussion
Re: Are Altcoins getting Boycotted?
by
rdewilde
on 24/02/2020, 11:21:53 UTC

Bitcoin dominance is above 65% which is something unusual since Altcoins started getting more interest from investors. It also seems that this percentage is increasing steadily for quite some time now. This is not surprising since Bitcoin was the most profitable coin in 2019 and people don't take the risk investing in altcoins anymore,they realized that Bitcoin is less risky as the price almost always eventually recover afterwards when it comes to BTC.

So what  to do you think? Are altcoin getting boycotted,giving Bitcoin an increasing dominance from now on?

It's not true, they aren't getting sidelined or boycotted. Yes Bitcoin dominance is what it is because it tends to offer more than altcoins but doesn't mean altcoins aren't worth it. If people aren't seeing altcoins as worth their investment most major altcoins will suffer it terribly but it's not rather only altcoins which are seen as not bringing anything good are the ones being boycotted. The problem is, most developers care less for their projects and thus it suffers  while those who cares more keeps attracting investors. So in all ramifications, good altcoins are still invested in while the others are packing up.