Re: Question Of Thought About Crypto Winter

Quote from: Blurr007 on Today at 02:07:28 PM

Question of thought...

I made a research recently, i found out that Bitcoin reached nearly $19,500 in 2017 and later fell below $3,300 in 2018.
Source https://www.forbes.com/advisor/investing/cryptocurrency/what-is-crypto-winter/

1) would've other crypto's survived during that time ?.
2) Why do Bitcoin survive during crypto winter and other crypto's finds it difficult to cope ?.

1) Why not ? Look at Ethereum, Ripple, Litecoin, Dogecoin etc...
They are still here with and has survived previous crypto winter.

2) bitcoin survives every crypto winter because people has a lot of trust on it. This is what keeps it from going too low.
Other coins find it difficult because the owners/project team run away with the money when winter strikes them or find it too difficult to keep the project running.
There might be other reasons but these are common.