All Alt Coins are a scam. - page 63.

BQ

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CoinMetro - the future of exchanges

the word 'scam' seems to be used very broadly here, how is it a scam?
does developers hold a large amount and will dump?
how else is it a scam? tied to a real project that initially was decided not to deliver?

Quote from: waywethe on April 16, 2018, 11:08:34 AM

You should not hear information coming from a person. There are many Altcoin but not Altcoin which is also bad. Like NEO, Ripple and Litecoin. These are good Altcoin and will grow in the future

care to expland on what makes "NEO, Ripple and Litecoin" good?

waywethe

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Quote from: majest3 on March 12, 2018, 12:14:17 AM

Well this is what the insightful Tone Vays claims...

He claims that ETH, DASH, shit 99.5% of all the ALTS are scams and the only coin that will survive is Bitcoin.

So l guess we should all sell our Alts now!

You should not hear information coming from a person. There are many Altcoin but not Altcoin which is also bad. Like NEO, Ripple and Litecoin. These are good Altcoin and will grow in the future

Humpert

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Because in this area you can get money for free. Therefore, many make a bench project, collect money and disappear. Or simply do not bring the project to the end.

happyme1818

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Quote from: majest3 on March 12, 2018, 12:14:17 AM

Well this is what the insightful Tone Vays claims...

He claims that ETH, DASH, shit 99.5% of all the ALTS are scams and the only coin that will survive is Bitcoin.

So l guess we should all sell our Alts now!

That is a baseless statement, if all of those coins are scam then those big companies will not invest in any altcoins and even the central banks will not persuade government is to intervene if this will happen.

tofus

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Quote from: MISS_nSTASSY on April 15, 2018, 02:22:48 PM

Quote from: jekyde on April 15, 2018, 12:08:57 PM

That's funny, I think that he's no-brainer at all maybe he just lost in trading that why he said that.As we all know that not all altcoin are scammy but most of them are pretty much scammy.There are many altcoins out there like Litecoin and Doge that has a track record in years and have a strong community that supports those coin

Well, he is not no-brainer at all, I think. He is very famous person in crypto community and it is necessary to get a closer look on these people cuz their words can play serious role in market forming.

Quote

Vays has been employed as a Financial Analyst for Bear Stearns and J.P. Morgan where he witness the 2008 financial crash. In addition, he was the VP Operations MSCI Inc. and a Senior Financial Analyst for Axioma.

Vays began his career in blockchain and cryptocurrency in 2014 as a Research Analyst/Writer for CoinTelegraph. In 2015, Vays became the Head of Research for Brave New Coin where he helped the developer team create financial products such as the BLX Index to better identify the price of a bitcoin and any given moment. In addition, he wrote a weekly market analysis report to identify price trends in Bitcoin based on both technicals and fundamentals.

Since 2014, Vays has been an independent consultant and maintains the website libertylifetrail.com as well as the Crypto Scam podcast. Vays is a regular contributor to the World Crypto Network where he provides technical analysis to viewers. Vays frequently travels and speaks at Blockchain conferences all over the world

So this person is not usual youtube-crypto-trader. But I think it is very pessimistic point of view. Of course there are many scams or some projects that are something near fraud(that continue marketing but zero development for example) but their amount can't be around 99%. Especially when we are saying about top-100. Yes, there are some coins that need to be out of crypto at all Cheesy

but that is just a small amount, all people with IQ 40+ understands this and support real crypto with real development, useful cases

Very interesting, but have some of his predictions come true??

Cryptocb

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they are not scam, every of they wallet are working perfectly, mostly ethereum, and it has not disappoint me

danjonbit

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DanJoN

lol, well to those who make millions on those altcoins, can they say its a scam?
its just I guess he dont know what altcoin is or what cryptocurrency can bring on the table! but on me I will surely keep holding unto it and have faith as much as I can on it!
but only to those good altcoins that I know! cheers!

uszaty43

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Obviously that this thread is a troll thread, i do not understand why do you even bother yourself to reply this garbage.

We all know that there is no altcoin that is scam, because the scams are only those icos who want to scam, but they do not even reach exchanges.

Quote from: sireseh on April 15, 2018, 06:36:04 PM

I think in this case we need to sort out the good coins because not all are scams but only partially. there are really coins that have a bright future and there are also coins that can be detrimental. for that in overcoming the fraud we must be more careful in choosing the coins so as not to regret later.

sireseh

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I think in this case we need to sort out the good coins because not all are scams but only partially. there are really coins that have a bright future and there are also coins that can be detrimental. for that in overcoming the fraud we must be more careful in choosing the coins so as not to regret later.

PaxtonFabian

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Quote from: majest3 on March 12, 2018, 12:14:17 AM

Well this is what the insightful Tone Vays claims...

He claims that ETH, DASH, shit 99.5% of all the ALTS are scams and the only coin that will survive is Bitcoin.

So l guess we should all sell our Alts now!

Don't invest in coins which have grown from 2 cents to $2 in weeks. They are pumps and dumps and will turn into scams once they're dumped by the founders. Go for coins that take one-step at a time. TAU is my pick for April. A coin with 10k TPS, running testnet , 10 active dev team size, near to zero TX fee, mid-level supply. This is a get-filthy-rich coin for sure.

Quidat

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Quote from: Clavulanic on April 15, 2018, 05:50:04 PM

Quote from: Drakula on April 15, 2018, 05:40:23 PM

Quote from: DimaS1574 on April 15, 2018, 03:17:40 PM

For me coin is not a scam if i can make money from it. I am meaning if the project scam but finally i got money from this project so i think this coin is ok))))

Altcoins are not a scam; well there are good altcoins and there also bad altcoins but it doesn't me that it is a scam. It is just a matter of choosing, you should choose altcoins that have a great future. Do research before buying.

Definitely right. Altcoins may be cheap in price,but it doesn't mean all are scams. Some are just having low funds or they just want to get people's attention to believe right away. It's true that research is a good way to solve that particular thing. Be wise in chosing your altcoin.

If we do try to see on how many altcoins in the market then it will surely give a headache on us and it would contribute the confusion we would experience due to lots of choices. Not all altcoins are scams seeing out 2-10 ranking on coinmarketcap do signifies that there are still potential ones even on top 100 those coins are still somehow considerable to be good on my part.

Papaczed

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Quote from: Scambusterz on April 15, 2018, 05:46:56 PM

I agree that most altcoins are very risky investments and I would not keep them in the long run, but on the other hand there are really good projects that have a future.

Even that not all altcoins is good or have a future but it doesnt mean that they are scam, right now there are still so many altcoins that is very profitable to buy for, and i believe altcoins is not scam, and altcoins have a great future like bitcoin.

Clavulanic

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Quote from: Drakula on April 15, 2018, 05:40:23 PM

Quote from: DimaS1574 on April 15, 2018, 03:17:40 PM

For me coin is not a scam if i can make money from it. I am meaning if the project scam but finally i got money from this project so i think this coin is ok))))

Altcoins are not a scam; well there are good altcoins and there also bad altcoins but it doesn't me that it is a scam. It is just a matter of choosing, you should choose altcoins that have a great future. Do research before buying.

Definitely right. Altcoins may be cheap in price,but it doesn't mean all are scams. Some are just having low funds or they just want to get people's attention to believe right away. It's true that research is a good way to solve that particular thing. Be wise in chosing your altcoin.

Scambusterz

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I agree that most altcoins are very risky investments and I would not keep them in the long run, but on the other hand there are really good projects that have a future.

Drakula

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Quote from: DimaS1574 on April 15, 2018, 03:17:40 PM

For me coin is not a scam if i can make money from it. I am meaning if the project scam but finally i got money from this project so i think this coin is ok))))

Altcoins are not a scam; well there are good altcoins and there also bad altcoins but it doesn't me that it is a scam. It is just a matter of choosing, you should choose altcoins that have a great future. Do research before buying.

FinbarAdley

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Quote from: majest3 on March 12, 2018, 12:14:17 AM

Well this is what the insightful Tone Vays claims...

He claims that ETH, DASH, shit 99.5% of all the ALTS are scams and the only coin that will survive is Bitcoin.

So l guess we should all sell our Alts now!

Not sure about others but there are a few HODLs I have. I had researched them left, right and centre . Theyre solid and not scam at all. Paragon coin and Telcoin. One is for cannabis industry and the other is for Telecommunications. Both are cheap and will grow like mushrooms EY 2018.

Nastinmel

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Quote from: majest3 on March 12, 2018, 12:14:17 AM

Well this is what the insightful Tone Vays claims...

He claims that ETH, DASH, shit 99.5% of all the ALTS are scams and the only coin that will survive is Bitcoin.

So l guess we should all sell our Alts now!

Tone an independent thinker and his opinion is only his. But you don't need to take close what he says, that's just his mind about it.

DimaS1574

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For me coin is not a scam if i can make money from it. I am meaning if the project scam but finally i got money from this project so i think this coin is ok))))

Dreamlandzoom

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This sounds to categorical though you have some point there. There are cases when altcoins were produced but they are not needed for the project to go on. Or at some cases there is no real project at all. Isn’t it why some of them we take just for quick flip and some of them we want to keep for long?! Also don’t forget that new ICOs are coming to the market every day, but it is not possible to have endless amount of coins. There should be some limit right? This is why you need to research really careful about the project and decide if this altcoin is going to serve something or its just a way to raise quick money

dolagani

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No u are wrong all alt coins are not scam. people should check the whitepaper and team member accordingly they should invest by checking their profiles. then they wont get stuck into any kind of scam.

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