Re: Question Of Thought About Crypto Winter

Quote from: Blurr007 on April 17, 2023, 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 ?.

I think you can find the answer to question 1 just by looking at the coins then and coins now? It would've been different if it was a hypothetical question, but it's not.

As for 2, it's simply a difference in quality. It's like how Facebook survived and grew to what it is, leaving behind other old social media websites in the past in the dust. A difference in the quality it provided, whether it be in service, product itself or whatever. It's not without reason why a lot of people separate crypto into two, Bitcoin and shitcoins (or 3 if you add those good altcoins)