Are Altcoins Fake? | Bitcointalksearch.org

martinex

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Quote from: atamism on November 23, 2023, 09:32:00 AM

Indeed. You just need to reseach before you invest. Alt coins are not fake. I am a fan of altcoins and I invested in some alt coins. You better research about the coin and what are their target and better to look for a promising coin. There’s a lot of platform that you can join, read in forums. For you to gain more knowledge about what are you going into.

If the first time you enter you immediately get pranked by a new altcoin, I think it's natural and the stamp will immediately be stamped, but if you're immediately lucky, they will definitely say that the crypto market is very promising and extraordinary.

Correct. In order not to get trapped, you have to do your own analytical research first so that you don't lose out at the end of this special adventure for new altcoins hunters.

atamism

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Alt-coins are not fake, accept when you invest on fake project that has not established in the cryptocurrency, which not all that is fake, accept few once that is fake, base on the team behind the project that made of scamming people during the initial Coin offering (ICO). Therefore is more advisable to make a proper research about the project before investing.

Indeed. You just need to reseach before you invest. Alt coins are not fake. I am a fan of altcoins and I invested in some alt coins. You better research about the coin and what are their target and better to look for a promising coin. There’s a lot of platform that you can join, read in forums. For you to gain more knowledge about what are you going into.

GreenStox

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depending on the goals of the coin maker, not all altcoins are bad, and not everyone creates altcoins just to make a profit.
They did it because they wanted to make changes or innovations in the increasingly advanced crypto world.
and after that they will get paid for what they do without realizing it.
Even Vitalik Buterin didn't expect ETH to become this big.

fullhdpixel

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Quote from: DaNNy001 on November 18, 2023, 03:39:14 PM

I don't believe that it is because of the their confidence that prompt them to actually make such decision, I feel its the gambling spirit that rides in them as I know this because every trader is somehow related to a gambler and they like to take the risk on every investment choices as the risk is what brings the profits but since it's a two sided affair losses sometimes might be the result of this risk investment but it's quite normal as their are already used to the system.

A true and sensible trader would always take calculated risks and will never risk their money just hoping and praying that the coin or token they've bought gains some value, those who do that aren't traders but they are trying to be traders because they lack basic knowledge and trading capabilities. Someone who takes trading seriously will only invest their money in projects that they know are good and aren't just pump-and-dump and useless projects that can drop significantly at any time even if they manage to gain some value.

A trader will only feel confident about an investment that they make after doing proper research and analyzing all the aspects of the project. As you said, those who invest in projects just because they see potential profits while ignoring the high risks are more gamblers than traders in the true sense.

GeorgeJohn

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Quote from: Johnyz on November 02, 2023, 09:17:41 AM

There are alt coins that are fake and a scam project. this is why it's advisable to always do your own research and invest only on a good projects.
Altcoins are not fake in general, most probably you only choose the wrong altcoin and that's why you are losing the money. Bitcoin along with the altcoins will make this market more aggressive and grow more, lucky to those who made an effort to invest during the bear market because they are already reaping what they sow during those time.

I have been emphasising on this particular point for tye new investors knowing that their is some certain coins I know very well that will be dangerous for someone to invest on without taken a steps of research before investing on them, investment is something that have to deal with mindset and search, when you research for something else and know the valuation of it, its when you will conclude to invest on it without having fear, so the advice is that if we want to venture into any altcoins investment we have to at list make a proper research to know the potentialities of the coins before investing on them.

speeder

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Many think that all altcoins are scans. But this idea is completely wrong, still old altcoins are reliable for savvy investors. But it is true that most of the new altcoins nowadays are mired in scams. Many investors have been scammed by investing in new coins. Due to investors getting scammed in new altcoins. Many have lost faith in altcoins. Investing in crypto will naturally involve some risk. But I think, for a safe low risk investment in altcoins, it is better to focus on older altcoins rather than new altcoins. Where long-term investment can expect good returns

wxa7115

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Quote from: slashz9 on November 18, 2023, 12:06:21 PM

Quote from: wxa7115 on November 14, 2023, 11:51:33 PM

In my opinion new traders overestimate their capabilities in an extreme way, and this is because they believe themselves capable of selecting a coin that will skyrocket soon among the thousands of coins we have in the market, and that is crazy, as I am sure there are many people which have been part of this market for years which cannot do this and yet they believe themselves capable of doing it.

So it is not surprising they take those high risks as they believe themselves to be immune to them, and they will only learn the truth once they are burned several times by their mistaken decisions.

so do you think such a trader can change for the better after making a few mistakes?
Or will they continue to make the same mistakes over and over again, and finally or will they stop because they feel they no longer have the ability or courage to enter the market again?

That will depend on each trader as learning from our mistakes is not something automatic, you need to sit down and think about what went wrong and why this happened, and only those that go through that process of introspection can correct their previous behaviors and change their ways.

So if a trader did this then I have no doubts that at some point their skills will become more polished and they will have a chance to become successful, but if a trader refuses to go through this process then no matter how many times they try to succeed they will keep failing.

Rengga Jati

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Quote from: Best-mary on November 02, 2023, 06:45:11 AM

One fascinating aspect of altcoins, especially the good ones, is the potential for significant profits. I'm aware that not everyone agrees with this, as there are often arguments that altcoins are just another form of 'shitcoin' meant to deceive and exploit people, with Bitcoin being the only legitimate cryptocurrency.

It cannot be denied that this is true, altcoins can provide high profit potential, sometimes even extraordinary ones in just a short time. However, what is more complete is, altcoins also allow us to lose money very easily, in a short time. So in essence what happens to altcoins are high returns, high risks. So the results will depend on how we respond and take this tricky tactic in altcoins, based on experience and the right insight of course.

Quote from: wxa7115 on November 14, 2023, 11:51:33 PM

In my opinion new traders overestimate their capabilities in an extreme way, and this is because they believe themselves capable of selecting a coin that will skyrocket soon among the thousands of coins we have in the market, and that is crazy, as I am sure there are many people which have been part of this market for years which cannot do this and yet they believe themselves capable of doing it.

Maybe one of the reasons is because of the hype and also the massive news about these altcoins so that traders are sure that these coins will skyrocket. Because what has happened before is that they may have had extraordinary experiences with the benefits of trading altcoins like that. However, it is a shame that not all altcoins can have the same cycle. Because there are many altcoins that fail along the way and in the end they drop at an unpredictable time. it could even be said that they failed to develop. And this is indeed one of the risks when trading in altcoins where it is not certain whether they can survive or not in the market. In this case, the altcoins are new, not top altcoins which already have a high market cap and trading volume.

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Quote from: wxa7115 on November 14, 2023, 11:51:33 PM

Quote from: ultrloa on November 14, 2023, 02:47:04 AM

They always think about that since for them crypto is so easy for them to earn a lot of money. But once they find out the harsh reality about it then they get dismayed and think that all about on altcoin is really fake. If they could just able to research for best potential altcoins then provably they will not go on risky situation for picking up those scam tokens and they might always go hold or trade those top alts in the market which is good to have especially if there's a bull run will came.

To many new investors got hype with new project since they think that the price will go the same with bitcoin but they meet those unexpected things happen and get scam by those new alts. So to avoid getting scam much better if they do think about real situation about it and again research will give them more idea about many things they want to join with.

In my opinion new traders overestimate their capabilities in an extreme way, and this is because they believe themselves capable of selecting a coin that will skyrocket soon among the thousands of coins we have in the market, and that is crazy, as I am sure there are many people which have been part of this market for years which cannot do this and yet they believe themselves capable of doing it.

So it is not surprising they take those high risks as they believe themselves to be immune to them, and they will only learn the truth once they are burned several times by their mistaken decisions.

I don't believe that it is because of the their confidence that prompt them to actually make such decision, I feel its the gambling spirit that rides in them as I know this because every trader is somehow related to a gambler and they like to take the risk on every investment choices as the risk is what brings the profits but since it's a two sided affair losses sometimes might be the result of this risk investment but it's quite normal as their are already used to the system.

Romeotom

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If altcoins is fake then why we are here! We want investing for making profits so altsoins isn’t fake but there are some project many time getting scam. That's means not all project are scam so you should choice best project always. Anyway you can remove your mind now then try to get best knowledge about crypto market.

slashz9

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Quote from: wxa7115 on November 14, 2023, 11:51:33 PM

In my opinion new traders overestimate their capabilities in an extreme way, and this is because they believe themselves capable of selecting a coin that will skyrocket soon among the thousands of coins we have in the market, and that is crazy, as I am sure there are many people which have been part of this market for years which cannot do this and yet they believe themselves capable of doing it.

So it is not surprising they take those high risks as they believe themselves to be immune to them, and they will only learn the truth once they are burned several times by their mistaken decisions.

so do you think such a trader can change for the better after making a few mistakes?
Or will they continue to make the same mistakes over and over again, and finally or will they stop because they feel they no longer have the ability or courage to enter the market again?

Velemir Sava

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Hello OP. This is the reality conveyed by @albon and my view is that all those who have been nominated for 100 also started from the bottom and if there are new ones born if they are not able to keep up with developments and competition they will fall by themselves. Our job is to filter out which bulls are and don't buy the wrong ones.

Sayeds56

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Quote from: wxa7115 on November 14, 2023, 11:51:33 PM

In my opinion new traders overestimate their capabilities in an extreme way, and this is because they believe themselves capable of selecting a coin that will skyrocket soon among the thousands of coins we have in the market, and that is crazy, as I am sure there are many people which have been part of this market for years which cannot do this and yet they believe themselves capable of doing it.

So it is not surprising they take those high risks as they believe themselves to be immune to them, and they will only learn the truth once they are burned several times by their mistaken decisions.

It is true that some new comers enter the market with over confidence and take position with high leverage without thoroughly analyzing the market. Regrettably, some even don't implement stop-loss measures, which makes their account vulnerable to liquidity issues, in case market moves unfavorably against their trading position. It is always advisable for new comers to acquire understanding of fundamentals principles, technical analysis tools and essential risk and money management skills before entering into cryptocurrencies market which is very volatile and high risk.

Certainly, the altscoins market is highly rewarding, often outperforming main-stream currencies, in the recent mini bull run, it has delivered substantial returns, Solana is a good example which has provided 7X profit to those who bought it at around $8. the key is stretgic selection and hold for long term.

Best-mary

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Quote from: albon on November 14, 2023, 02:52:38 PM

Quote from: Magic-Money on November 09, 2023, 08:50:15 AM

Alt-coins are not fake and many alt-coins has been successful into cryptocurrency market which is quick profitable business when you invest on the right alt-coins at the right entry point, even Bitcoin as the king of all alt-coins started one day to trade and many people that seen the opportunity and refused to invest at early stage are regret it by now. Hence, information is very important when you take action to Archived it.

Collecting information, conducting adequate research, and gaining the necessary experience enable any investor to determine whether or not the altcoin project in which they will invest their funds is fake. Carefully choosing an altcoin project is an investor's most crucial decision before investing capital. Not all altcoins are fake, as you clarified, and not all are scams. There are altcoins that have significantly succeeded due to their actual capabilities, the continuity of their operations, and the experience of their teams, managing to shine and secure positions in the top 100 altcoins in the market. However, the market is not devoid of fake and scam projects that fail to achieve their goals, primarily being new projects. Therefore, if a person cannot determine whether a new altcoin project is real or fake, they should rely on a long list of top and most reliable altcoins in the market.

Definitely, this we need to always put in mind while going for alts and how to make proper use of them. Nothing is risk-free, so we need to take proper caution of what alts we invest in. The example I mentioned above is how do well trading all these alts

Best-mary

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Quote from: TelolettOm on November 04, 2023, 05:43:47 PM

Quote from: Best-mary on November 02, 2023, 06:45:11 AM

One fascinating aspect of altcoins, especially the good ones, is the potential for significant profits. I'm aware that not everyone agrees with this, as there are often arguments that altcoins are just another form of 'shitcoin' meant to deceive and exploit people, with Bitcoin being the only legitimate cryptocurrency.

Of course there will be pros and cons related to these altcoins. Because, many people suffer big losses due to trading or investing in altcoins. However, it cannot be denied that there are also some people who can use altcoins to reap big profits. especially here regarding the altcoins that are currently hyped. They can lose big but on the other hand there are some people who can really take profits that high. Although I personally have never felt it

So, basically, these are also things that need to be paid attention to. Because after all, everyone's ability to analyze altcoins and the market is different. So if we are not yet capable of that, it would be better if we were more careful with altcoins rather than just prioritizing luck to get profits from altcoins. Regarding whether altcoins are fake or not, it's possible that some are fake or shit coins, in this case they are scams, there are lots of them. However, there are also real and legit ones, although the percentage seems to be smaller.

I just did a topic now about alts that relates to what you just said. Understanding the market and when to join the trend is the best way to really pave this alts ecosystem

Xampeuu

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Quote from: wxa7115 on November 14, 2023, 11:51:33 PM

Quote from: ultrloa on November 14, 2023, 02:47:04 AM

They always think about that since for them crypto is so easy for them to earn a lot of money. But once they find out the harsh reality about it then they get dismayed and think that all about on altcoin is really fake. If they could just able to research for best potential altcoins then provably they will not go on risky situation for picking up those scam tokens and they might always go hold or trade those top alts in the market which is good to have especially if there's a bull run will came.

To many new investors got hype with new project since they think that the price will go the same with bitcoin but they meet those unexpected things happen and get scam by those new alts. So to avoid getting scam much better if they do think about real situation about it and again research will give them more idea about many things they want to join with.

In my opinion new traders overestimate their capabilities in an extreme way, and this is because they believe themselves capable of selecting a coin that will skyrocket soon among the thousands of coins we have in the market, and that is crazy, as I am sure there are many people which have been part of this market for years which cannot do this and yet they believe themselves capable of doing it.

So it is not surprising they take those high risks as they believe themselves to be immune to them, and they will only learn the truth once they are burned several times by their mistaken decisions.

For those who are experienced in taking bigger risks, they will also take into account the strength of their capital. If all the capital is invested in a new project, even though they are very confident, I don't think this is recommended. we don't know what will happen next, especially for new projects that we think have very big prospects. This often happens to beginners, so they actually have a deep burden because of their mistakes, the result of a lack of knowledge

Sayeds56

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Quote from: albon on November 14, 2023, 02:52:38 PM

Collecting information, conducting adequate research, and gaining the necessary experience enable any investor to determine whether or not the altcoin project in which they will invest their funds is fake. Carefully choosing an altcoin project is an investor's most crucial decision before investing capital. Not all altcoins are fake, as you clarified, and not all are scams. There are altcoins that have significantly succeeded due to their actual capabilities, the continuity of their operations, and the experience of their teams, managing to shine and secure positions in the top 100 altcoins in the market. However, the market is not devoid of fake and scam projects that fail to achieve their goals, primarily being new projects. Therefore, if a person cannot determine whether a new altcoin project is real or fake, they should rely on a long list of top and most reliable altcoins in the market.

You have accurately highlighted the important aspect of investing in crypto currencies by emphasizing the significance of through research and assessing the viability of the project. This process can aid to distinguish between legitimate and fake projects, and helps to identify coins and tokens those can potentially perform well in the market. while general perception of the market is that the top 20 coins listed on coinmarketcap are considered legitimate and worthy of investment.

It is important to exercise caution when investing in new coins given the lack of their historical record, additionally verifying the credibility of the management team supporting the project, is also crucial.

rodskee

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Quote from: VFalcon on November 05, 2023, 10:59:25 AM

Now the market is frozen, so you can sit back and watch its movements. And if you want to get some more money, take part in the Trick or Treasures tournament from Fairspin, they have just there a big prize and everyone can get a small amount for their additional investments

FROZEN wait, cryptocurrency market are freezing ? since when that there are some BS thing
like this that happened in Volatile market like crypto? if this will ever froze then this is not crypto anymore because this must
always move up and down, sometimes a little but still will move .

I don't even know where did you get that Idea but for sure that is never to happen in this
investment area.

oh I see, you are shilling for that desperate site to gain attention and at least new players?
do the fairspin team are losing players and budget that's why they are using Shill accounts now to promote their site?
so disappointed to them or yours doing such for the sake of advertising , now I see a losing casino site .

wxa7115

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Quote from: ultrloa on November 14, 2023, 02:47:04 AM

They always think about that since for them crypto is so easy for them to earn a lot of money. But once they find out the harsh reality about it then they get dismayed and think that all about on altcoin is really fake. If they could just able to research for best potential altcoins then provably they will not go on risky situation for picking up those scam tokens and they might always go hold or trade those top alts in the market which is good to have especially if there's a bull run will came.

To many new investors got hype with new project since they think that the price will go the same with bitcoin but they meet those unexpected things happen and get scam by those new alts. So to avoid getting scam much better if they do think about real situation about it and again research will give them more idea about many things they want to join with.

In my opinion new traders overestimate their capabilities in an extreme way, and this is because they believe themselves capable of selecting a coin that will skyrocket soon among the thousands of coins we have in the market, and that is crazy, as I am sure there are many people which have been part of this market for years which cannot do this and yet they believe themselves capable of doing it.

So it is not surprising they take those high risks as they believe themselves to be immune to them, and they will only learn the truth once they are burned several times by their mistaken decisions.

albon

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Quote from: Magic-Money on November 09, 2023, 08:50:15 AM

Alt-coins are not fake and many alt-coins has been successful into cryptocurrency market which is quick profitable business when you invest on the right alt-coins at the right entry point, even Bitcoin as the king of all alt-coins started one day to trade and many people that seen the opportunity and refused to invest at early stage are regret it by now. Hence, information is very important when you take action to Archived it.

Collecting information, conducting adequate research, and gaining the necessary experience enable any investor to determine whether or not the altcoin project in which they will invest their funds is fake. Carefully choosing an altcoin project is an investor's most crucial decision before investing capital. Not all altcoins are fake, as you clarified, and not all are scams. There are altcoins that have significantly succeeded due to their actual capabilities, the continuity of their operations, and the experience of their teams, managing to shine and secure positions in the top 100 altcoins in the market. However, the market is not devoid of fake and scam projects that fail to achieve their goals, primarily being new projects. Therefore, if a person cannot determine whether a new altcoin project is real or fake, they should rely on a long list of top and most reliable altcoins in the market.

Topic: Are Altcoins Fake? (Read 621 times)