Post
Topic
Board Altcoin Discussion
Re: Are Altcoins getting Boycotted?
by
Ozero
on 18/10/2020, 20:00:17 UTC
There is nothing about boycotting the altcoins but people prefer to invest safely in Bitcoin which is relatively trusted in the crypto space. Also there are too many scams in altcoins so people are largely afraid if they may be caught in of those .
Altcoins this is tools for more experienced people, because they know how to choose the right coins that have stable development. Scam projects getting money from greedy people who do not want to study anything
Since altcoins now have more than seven thousand and their number continues to increase, a significant part of them does not inspire confidence among investors. Overall, however, altcoins continue to evolve rapidly. There are still a lot of useless altcoins, but they continue to be eliminated, only those who perform useful functions and are in demand remain. Therefore, altcoins are not boycotted by investors; among such a multitude of them, about ten percent are worthy for investment.