Topic: Are Altcoins Fake? - page 4. (Read 657 times)

Maybe what the OP can conclude about alts is that most projects are not real as the devs behind them are here only for profits.
But there are still few that have actual use case just like you mentioned, ETH and BNB or those top alts.
This is why every user should be very cautious in investing on any alt, particularly the new ones because they have very short lifespan.
Simple digging on these alts would give you insights if the project is here for long term or not.

Your thread title doesn't align with the content. Shitcoins have made it seem like the entire altcoin endeavor is an obvious scam but it's not. I'm aware of some altcoins that is currently pushing the boundary of the possibilities of blockchain. You mentioned TIA (Celestia), INJ (injective), ETH, etc. These are some of the tokens that have done exactly that. Ethereum for example pioneer the entire altcoin space bringing Programmable smart contracts to run directly on a blockchain which is something that researchers are still pushing very hard to do on bitcoin with the introduction of BitVM.

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.

First and foremost, it's true that Bitcoin is considered the king of cryptocurrencies, and that status is unlikely to change. However, let's talk about the profit potential. Some coins, which we hold before the altcoin season, can provide substantial returns compared to Bitcoin. Speaking from experience, I held AGIX, INJ, RUNE, and ETH before the recent positive trend in the market. We can observe how much the market has appreciated, and it may continue to do so until the end of the month.

Imagine if you're the type of person who held these coins earlier, even when the market was in a downturn. You would understand how much you've earned just by holding.

Identifying a good coin requires thorough research, and more coins are continuously being developed. I recently noticed TIA listed on some exchanges and has been doing significantly well in price upsurge. Maybe due to the altseason we are in. But, If a coin has a strong community and utility, it's likely to perform well in the long run.

The essence of all this is that some individuals might not openly share this, but the world of cryptocurrency is versatile, and conducting in-depth research is key to achieving profits.

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.

First and foremost, it's true that Bitcoin is considered the king of cryptocurrencies, and that status is unlikely to change. However, let's talk about the profit potential. Some coins, which we hold before the altcoin season, can provide substantial returns compared to Bitcoin. Speaking from experience, I held AGIX, INJ, RUNE, and ETH before the recent positive trend in the market. We can observe how much the market has appreciated, and it may continue to do so until the end of the month.

Imagine if you're the type of person who held these coins earlier, even when the market was in a downturn. You would understand how much you've earned just by holding.

Identifying a good coin requires thorough research, and more coins are continuously being developed. I recently noticed TIA listed on some exchanges and has been doing significantly well in price upsurge. Maybe due to the altseason we are in. But, If a coin has a strong community and utility, it's likely to perform well in the long run.

The essence of all this is that some individuals might not openly share this, but the world of cryptocurrency is versatile, and conducting in-depth research is key to achieving profits.

Well, most altcoins are shitcoins you can't deny that. At this point, I'd consider it a shitcoin till it's not something to live by really. The majority of altcoins are projects that ask for a loan to create their project after all instead of, well, presenting a real product/service that they can sell. That or they produce services that are close to useless or are just imaginary instead of anything real. While it wouldn't be that hard for someone with plenty of money to filter through projects and invest in a substantial amount that he thinks can profit, your average joe probably just looks at 10, 20 projects and decides on one to invest in. And if it flunks, money goes poof, which was everything, or close to everything he had.

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Yes, there are fake ones but how we can filter this type of deal is if a good cex gets to list the token at the long run

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.

First and foremost, it's true that Bitcoin is considered the king of cryptocurrencies, and that status is unlikely to change. However, let's talk about the profit potential. Some coins, which we hold before the altcoin season, can provide substantial returns compared to Bitcoin. Speaking from experience, I held AGIX, INJ, RUNE, and ETH before the recent positive trend in the market. We can observe how much the market has appreciated, and it may continue to do so until the end of the month.

Imagine if you're the type of person who held these coins earlier, even when the market was in a downturn. You would understand how much you've earned just by holding.

Identifying a good coin requires thorough research, and more coins are continuously being developed. I recently noticed TIA listed on some exchanges and has been doing significantly well in price upsurge. Maybe due to the altseason we are in. But, If a coin has a strong community and utility, it's likely to perform well in the long run.

The essence of all this is that some individuals might not openly share this, but the world of cryptocurrency is versatile, and conducting in-depth research is key to achieving profits.

~

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.

Well, only those who have many years of experience in the crypto market make sense of it and can intercept possible projects that will showcase huge pump-like bullish. Unfortunately, we all know and are aware that altcoins couldn't be the same as Bitcoin which remains valuable, unlike these altcoins where the majority of them turn into scams after the surge.

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We can't generalize that altcoins are fake but yes, most of them are worthless projects. That is why we should be cautious when choosing them and must have done research before investing.

There are two different sides to this. Namely they are potential profits and also potential losses as a high risk. Because, however, altcoins have a much higher risk than Bitcoin. Indeed, sometimes they will easily rise and skyrocket at one time, especially new altcoins. However, not everyone is able to see this chance at the right time. The mistake is that they enter at a late date, when prices are at their highest. And in the end, they will fail because the altcoins will not be able to return to the price when we bought them, especially if in the end the altcoin we bought experiences a rugpull and becomes a shit coin, this will be the end from our investment.

Yes, there are fake ones but how we can filter this type of deal is if a good cex gets to list the token at the long run

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.

First and foremost, it's true that Bitcoin is considered the king of cryptocurrencies, and that status is unlikely to change. However, let's talk about the profit potential. Some coins, which we hold before the altcoin season, can provide substantial returns compared to Bitcoin. Speaking from experience, I held AGIX, INJ, RUNE, and ETH before the recent positive trend in the market. We can observe how much the market has appreciated, and it may continue to do so until the end of the month.

Imagine if you're the type of person who held these coins earlier, even when the market was in a downturn. You would understand how much you've earned just by holding.

Maybe what the OP can conclude about alts is that most projects are not real as the devs behind them are here only for profits.
But there are still few that have actual use case just like you mentioned, ETH and BNB.
This is why every user should be very cautious in investing on any alt, particularly the new ones because they have a very short lifespan.

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.

First and foremost, it's true that Bitcoin is considered the king of cryptocurrencies, and that status is unlikely to change. However, let's talk about the profit potential. Some coins, which we hold before the altcoin season, can provide substantial returns compared to Bitcoin. Speaking from experience, I held AGIX, INJ, RUNE, and ETH before the recent positive trend in the market. We can observe how much the market has appreciated, and it may continue to do so until the end of the month.

Imagine if you're the type of person who held these coins earlier, even when the market was in a downturn. You would understand how much you've earned just by holding.

Identifying a good coin requires thorough research, and more coins are continuously being developed. I recently noticed TIA listed on some exchanges and has been doing significantly well in price upsurge. Maybe due to the altseason we are in. But, If a coin has a strong community and utility, it's likely to perform well in the long run.

The essence of all this is that some individuals might not openly share this, but the world of cryptocurrency is versatile, and conducting in-depth research is key to achieving profits.

Some altcoins or let's say that they are many now that are becoming fake and being soft launched in the market. They're just testing the waters if they're going to become popular and gain volume. But not all of them are fake, we know that there are legitimate ones and are being used by many like the top ones. If you're in the new ones, you'll have to deal with the risk that they bear usually when they come out freshly to the market. So if you have earned like the new releases and they're being listed in good exchanges, you won't call them fake because you earn upon dumping it.