Chinese Altcoins Can’t Stop Failing

[Cordillerabit]

Every country produces its share of underperforming altcoins. They’re called shitcoins for a reason. But China has a track record for creating altcoins that are shittier than most. The country has spawned a slew of talented developers, and has made a huge contribution to cryptocurrency adoption and innovation as a whole. But when it comes to altcoins, China’s wither and die at a phenomenal rate. The question is, why?

Big Trouble in Crypto China
During bull markets, checking your portfolio every five minutes is unavoidable. It’s addictive: swipe down to refresh and you’ve gained another $500. During bear markets, the opposite is true; it’s possible to go days without checking, because it’s easier to hide the pain than open your Blockfolio and discover how far underwater your bags are. If you did buy into any Chinese ICOs in the last three months, or purchased any Chinese altcoins, there’s a good chance they look like this:

And this:

And this:

And this:

And this:

And this:

And this:

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