Why is that so? How much more so?
Bitcoin coinis not the nicest, fastest, most more secretive, safest, cheapest and still consumes a lot of electricity ...and again all it revolves around it....
Why is that so?
Was that just because he was first?
Now there are already more checked and good coins.
They have a "history", good teams behind themselves but never yes become independent.
They are constantly under umbrella Bitcoin.
This "navel connection" does not allow the market to develop on more than one side.
What is link the price of Steem,SBD,XRP, LTC, EOS, TRX, XVG with Bitcoin?
When the condition is normal - is no link.
But this condition is just nothing normal.
First and foremost, I think that it is about distrust and insecurity!
Most people are still uncertain whether Bitcoin is the biggest bubble in history.
Consequently, thinking is: If bitcoin is the biggest deception,
then are and the others.
In fear are big eyes
Since they are not 100% sure (and know the Bitcoin story), they behave cautiously and invest as in casinos.
But smalls stake!!!!
This is ultimate thinking but is (unfortunately) very present.
Reasons for such a large uncertainty are:
Previously Scams (various ICOs) - everything is this crypto!
source
Recently
The Envion ICO Scandal – Both Sides of the Story,ICO NEWS JUNE 10, 2018 16:10
Various successful hacker attacks (on stock exchanges and individual coins, recently XVG 2x in a short time ( they are advertised as a super secure anonymous coin?)
Recently News
Privacy Coin Verge Succumbs to 51% Attack [Again]
ALTCOIN MINING MAY 22, 2018 18:13
Recently hacked and "openledger" wallet (highly advertised wallet) ..
What would a new investor think aboute the crypto after that? How is then the young, inexperienced coins protected?
Such news undermines trust.
After that, it is much easier for the enemies of the crypt to spread their truth about the crypto.
What is smart?
You can not make a unconquerable crypto fortress.
source Hacking can not be prevented.
How Are "good boys" developers, obviously there are "bad guys" - hackers. Constant struggle between.
People need to be educated to keep the coins out of the net!
The small part for trading but on "the responsible" stock exchanges.
They the potential hack might and must consider to be as their responsibility.
People do not have to suffer any harm.
If people know that in case haka they will not lose money - trust is returns...
And scam?
That is why I think good regulation about the founding and the ICO.
All current investors have to worry about fraud.
Since it takes a lot of time and knowledge to people, it is easier to say NO FOR INVESTMENT.
That is why ICOs need to undergo rigorous checks (team, product, distribution of collected money etc)
for to create a "safe investment climate".
This removes arguments against crypto technology( between others ).
Conclusion
All this reflects is on the traffic and prices of the crypto currency.
Except for the entry of large investors (adoption of legal regulations) that will surely provide "good wind in the back" I think these three things are important:
break the propaganda that all this is a fraud,
ICO and Crypto Exchange, put under strict Control before beginner work,
about how to protect their coins educate new investors .