Majority of altcoin = scam - page 2.

Account Supplier

sr. member

Activity: 574

Merit: 252

Quote from: sfa00076 on August 16, 2017, 08:10:43 PM

When btc dump, they dump
when btc pump, they even dump harder wtf

Wow, you are learning fast.

Majority of crypto currencies are controlled by small groups. Every big coin has different speculators.
The problem is you don't know what they want to do with that coin. And they usually do the exact opposite of what public wait to happen.

oegarod

sr. member

Activity: 602

Merit: 252

Quote from: Willitivity on November 15, 2017, 02:38:37 PM

True that most are scam, but a good number of them are also legit.
When investing in Altcoins, you have to look at the project behind it, most already have an existing project whereas others are still in development and also check how possible or applicable such projects would be.

Very few go as a scam. Most of the altcoins that get into existence have a perfect roadmap and tries to stick to it. The same at times make a big change in the growth with more and more investments into the project. Some have initial pumping and due to lack of exchanges listings and trading usage goes valueless.

Lontonbit

full member

Activity: 420

Merit: 108

Yes most have no use other than to make the developers rich. They are diluting the market and taking away growth from the real coins. In fact we don't need any more coins PERIOD! We have too many already. It's the buyers of these shitcoins who are at fault. Not satisfied with the growth of ether so let's just spread our investments out among 1000's of altcoins! Stupid...we would all be much richer if we just stuck to the top 20 coins.

Willitivity

sr. member

Activity: 1190

Merit: 256

True that most are scam, but a good number of them are also legit.
When investing in Altcoins, you have to look at the project behind it, most already have an existing project whereas others are still in development and also check how possible or applicable such projects would be.

diouf67

full member

Activity: 260

Merit: 104

Quote from: sfa00076 on August 16, 2017, 08:10:43 PM

When btc dump, they dump
when btc pump, they even dump harder wtf

I would not say that most are scams I would just say that most have little real value and are vastly overvalued just because they are cryptocurrencies. Generally alts perform best when bitcoin is going sideways.

wxa7115

hero member

Activity: 2702

Merit: 704

Bitcoin is GOD

Quote from: Titanos on November 06, 2017, 06:09:17 PM

Quote from: sfa00076 on August 16, 2017, 08:10:43 PM

When btc dump, they dump
when btc pump, they even dump harder wtf

This easy to notice. Many new altcoins appearing daily. It's impossible that they all succeed.

However it is becoming more difficult to know which project it is going to be successful and which is going to fail since scammers are getting smarter and are trying to disguise their intentions and are doing everything they can so their scams look like something legit, this is why there are many people that prefer to stay away completely from icos and only invest in more established coins.

Intristing

full member

Activity: 227

Merit: 100

Quote from: adsdas on November 07, 2017, 12:53:44 AM

I think there are no rules here. We can compare Bitcoin and altcoins. Because there are thousands of altcoins. The increases and decreases between altcoins are asynchronous.

That is true. It is better to only buy big coins.

Rosberger

member

Activity: 93

Merit: 10

Quote from: Tamilson on November 06, 2017, 11:30:31 PM

Quote from: Titanos on November 06, 2017, 06:09:17 PM

Quote from: sfa00076 on August 16, 2017, 08:10:43 PM

When btc dump, they dump
when btc pump, they even dump harder wtf

This easy to notice. Many new altcoins appearing daily. It's impossible that they all succeed.

Some will survive but mostly of it will die sooner. The seas of altcoins really made the market too congested and sometimes it's annoying thinking many of them are shitcoins and just an accessory in the exchanges. So for me, yeah I have some alts that I can say my mistakes for buying them like until now I didn't get any profit out of them. So instead of dumping I just hold it and will don't mind them and thinking that maybe in the future someone will get interest and make some hype. Well nobody knows what can be happen as nothing is certain here.

I know that some of these coin will die and some will survive. Thats why i sell my coins when it gets pumped up i always wait for that so i get my my money out of it quickly.

There are also coins that are scams and it will stop in mid project or in mid ico.

adsdas

sr. member

Activity: 337

Merit: 250

https://streamies.io/

I think there are no rules here. We can compare Bitcoin and altcoins. Because there are thousands of altcoins. The increases and decreases between altcoins are asynchronous.

Tamilson

hero member

Activity: 1022

Merit: 503

Quote from: Titanos on November 06, 2017, 06:09:17 PM

Quote from: sfa00076 on August 16, 2017, 08:10:43 PM

When btc dump, they dump
when btc pump, they even dump harder wtf

This easy to notice. Many new altcoins appearing daily. It's impossible that they all succeed.

Some will survive but mostly of it will die sooner. The seas of altcoins really made the market too congested and sometimes it's annoying thinking many of them are shitcoins and just an accessory in the exchanges. So for me, yeah I have some alts that I can say my mistakes for buying them like until now I didn't get any profit out of them. So instead of dumping I just hold it and will don't mind them and thinking that maybe in the future someone will get interest and make some hype. Well nobody knows what can be happen as nothing is certain here.

boris singer

sr. member

Activity: 882

Merit: 268

Quote from: ingiltere on November 06, 2017, 06:15:08 PM

Most altcoins have only 1 purpose, which is collecting more BTC. This is a fact for both altcoin creators and wise investors. Nobody care about thousands of copy coins, only few major ones have real value.
ICO's collect money because creators want to get more ETH and BTC to their stash. Big altcoin traders try to maximize their profit BTC-wise. The only reality is Bitcoin, others are just toys in the playground. If you know this basic fact you can trade altcoins wiser. Don't fall in love with any altcoin. Buy at the right time, sell at the right time.

The majority are indeed like that, but some coins like ripple and eth, or even zcash always want to prove themselves to move without dependence from bitcoin, eth already claims focus on developing smart smart contracts, potentially resulting in more future user trust

ingiltere

legendary

Activity: 2982

Merit: 1485

Most altcoins have only 1 purpose, which is collecting more BTC. This is a fact for both altcoin creators and wise investors. Nobody care about thousands of copy coins, only few major ones have real value.
ICO's collect money because creators want to get more ETH and BTC to their stash. Big altcoin traders try to maximize their profit BTC-wise. The only reality is Bitcoin, others are just toys in the playground. If you know this basic fact you can trade altcoins wiser. Don't fall in love with any altcoin. Buy at the right time, sell at the right time.

Titanos

full member

Activity: 208

Merit: 100

Quote from: sfa00076 on August 16, 2017, 08:10:43 PM

When btc dump, they dump
when btc pump, they even dump harder wtf

This easy to notice. Many new altcoins appearing daily. It's impossible that they all succeed.

wxa7115

hero member

Activity: 2702

Merit: 704

Bitcoin is GOD

Quote from: sfa00076 on August 16, 2017, 08:10:43 PM

When btc dump, they dump
when btc pump, they even dump harder wtf

An important amount of the icos are scams, some other altcoins are not scams but do not have a future and are going to disappear after a few years, then there are the few projects that are worth a thing, try to find them and make money with them since those projects are the ones that can make you rich in just a few years, and are the type of projects that everyone is looking for.

SvenBomvolen

hero member

Activity: 588

Merit: 500

Currently the most of alts are in the red color due to people move their founds in Bitcoin to get as much free coins as it is possible by the 16th November. It is really hard to predict the future of every coin, so I would not hurry to call all of them as scam. The demand is playing the greates role about every coin, the project of a new coin can be good, but if people don't buy it that won't be successful, logically.

Niceguyjoe85

newbie

Activity: 14

Merit: 0

Quote from: ArgentBit on November 06, 2017, 01:32:35 PM

I would say that 95% of ICOS will fail. Choose wisely.

I think it was just also a speculations coming from other cypto currencies, but maybe if there is scamming happened I guess that it will fail sometimes but not scamming to people.

amaral1977

sr. member

Activity: 686

Merit: 250

Quote from: sfa00076 on August 16, 2017, 08:10:43 PM

When btc dump, they dump
when btc pump, they even dump harder wtf

Grossly there are 4 kinds of altcoins:

1- cryptocurrencies like LTC, XMR or ZEC

2- "platforms" like Eth, KMD or XBY

3- Securities : tokens used to crowdfund a company

As for number 1 there are few that will thrive and be part of a larger market with more than one crypto ( my fav now is monero)
For number two Eth is establish but i fear for the enoumous mount of junk built on it. I´m looking at Komodo and Xby. ( There are others off course!!)
For number 3 there are lots of them and the trouble is that you invest but don´t get a piece of the company and sometimes you are left with a useless token...

The 4th group it´s the trully new or enovative stuff. maybe IOTA IDK

In this sea of stuff there is lot´s of crap and scams the problem is finding the good ones...

Gaius Cryptus Tradius

full member

Activity: 196

Merit: 100

Hoqu.io – Decentralized Affiliate platform

I think we see right now a purge of alts. That is why there is blood. Only real good ones like LISK and ARK will survive and come out even stronger!!

EthereumBoy

newbie

Activity: 28

Merit: 0

I think also that most of cryptocurrencies are scams. There is too much hype around them and there is too much over valuation. Bitcoin is great invention and because it is biggest it is the best cryptocurrency for buying and selling stuff purpose. But now there is way too much value and I think better value would be about 5 billion not current 100 billion

Fatunad

sr. member

Activity: 2226

Merit: 347

Quote from: xIIImaL on November 06, 2017, 02:08:10 PM

Quote from: trumper on November 06, 2017, 01:14:35 PM

Not because of scam but because of lack of predictability, trust issues etc. Market can easily lose billions of dollars in hours so it is very normal dump and pump

If you careful in choosing the right ICO you will be able to make big fund with the few dollar investment. You may know about waves and how they improved in the market and value bumped in the market place supply.

If you are looking for price bump and dump means you cannot able to invest in any altcoins buddy. You have read the white paper and then only it is good to invest your money.

This is why researching skills would really be crucial on this matter which we should really able to ride with the waves if we do really like to make money on either bitcoin or altcoins in the market.Their prices are not anytime correlated to each other which means bitcoin my pump altcoin will pump and can possibly goes on the inverted way which means we dont really know on where would prices would go but with the use of our knowledge and experiences we can able to make money but we should really need to face the risk.

Topic: Majority of altcoin = scam - page 2. (Read 2384 times)