Topic: Should altcoins be blamed? - page 3. (Read 837 times)

If we talk about technology, safety level...then Shiba is really trash because it has no utility or safety as it is just POS. But what I am talking about here is profit because we are here to seek profit, not just to seek technology. So, it would be incorrect to say that altcoins, memecoins are trash and useless even in terms of profit. Shiba, doge and many other altcoins have grown thousands of times, bringing profits to many investors. How can we say they are completely useless? They are useless in terms of technology and utility, but in terms of profit, that is not true. I believe that doge and shiba will continue to grow and bring great profits in the next bull season.

They should blame themselves instead of blaming the entire market. Besides, the results of their doings are what they have ripped off and it was losses from investing shitcoins. Yes, if we know how to choose coins for investment, I don't think there is someone who will fall into big losses and regrets but unfortunately, many we're still blind and have no knowledge of how this works which leads them to invest in worthless projects. I can feel their sentiment but they have accepted the fact that every mistake will make us lose our money instantly.

Users who had understood well about cryptocurrency will not blame altcoins or take any other second view. The responsibility is to focus on the market and achieve the best out of it. Not everyone is able to be successful out of cryptocurrency. People who hadn't succeeded investing into altcoins will blame it. This isn't fair, because there are people who had made themselves millionaire through altcoins. There are altcoins that provides with high rate of interest, it is our knowledge that finds it among the crowd.

Most of the time, one fails and suffer the consequences because of wrong decision making or by not trying to take the risk early. Not all altcoins are causing us to lose, some are even offering us slight but consistent profits. It's just a matter of doing through research so we will be aware on what coins to invest and what are those coins that we need to avoid investing. With altcoins, majority of the people still decide to invest but with caution this time.

Although the altcoin market is the playground of scammers, but I think blaming the altcoins in general for putting a bad reputation even on bitcoin is not reasonable enough. The fault is not actually on altcoins, but it's on the people who decide to invest and fall on the trap that altcoins can give quick and higher profits.

Logically I don't think it will enter because however from the beginning everything is up to us. When we want to be in bitcoin but instead are hooked on the presence of altcoins that do show extraordinary increases due to unreasonable pumps and when we enter it is precisely the trap that makes us unable to get out because the price decreases dramatically which makes us feel cheated and assume all crypto including bitcoin is a scam. is it the fault of bitcoin or altcoin? of course the answer is no because after all what is wrong is ourselves who are unable to resist the greed we have that makes us fall the wrong way.
Whereas if we learn seriously and know the risks that will be faced like what before of course we will be careful but because we only focus on the benefits we have because the assumption is that being in crypto is a way to get rich instantly then don't blame bitcoin or altcoin but blame ourselves who only expect things that aren't but don't want to explore the knowledge first.

In part I think shitcoins are indeed to blame for what happened to those people, but at the same time if those people want to blame someone for their losses they need to blame themselves, as if they did not believe themselves to be incredible investors that could somehow beat the odds despite our warnings then they will not be in that situation at all, but they believed they knew better and now they are just trying to find someone or something to blame instead of blaming themselves about what happened.

Only those users who didn't have much to explain and didn't have easy information about the trading are mostly taking against or about these experiences even they have made loss many times.

If a trader who made good profit with bitcoin he never talk against the bitcoin and same in the case with altcoin if those trader who buy and hold altcoin will never talk against any of the altcoin unless it gives them a loss.

Altcoin shouldn't be blamed for something where it doesn't have any role to play, I would say those who hate crypto in general are due to some or the other bad experience and to be honest more than those who regret selling Bitcoin for peanuts or those who lost access it's those who have lost huge amount while trading or invested during the bull run at its peak and ended up selling during bearish by incurring loss. I am telling this with my personal experience I have felt vulnerable and kinda started hating crypto for a while when my asset got struck at low value and shot up a while after I had sold them or loss. Altcoin or Bitcoin it depends on person's experience.

Despite of the losses we have encountered in the crypto space, I think its still not valid to blame altcoins why we are suffering from losses. We should have asked ourselves first if we are actually ready to invest, if we have actually gained sufficient knowledge before we decide to conquer the crypto space and trust more altcoins than bitcoin. The answer to these questions will determine the reason why we end up losing, and not because altcoins have scam us because of their selfish developers.

We know from the start that the crypto space is risky and dangerous, that's why practicing with caution is a must. But since we are greedy to make money, so those losses actually happen for a reason, and that is to teach us lessons and learn from them so we won't be repeating the same mistakes again.

If anything should be blamed at all, it's supposed to be Cryptocurrency as a whole, of which Bitcoin is among them. With all your narrations, there were specific issues that Bitcoin was the actual name called out by the narrator, what about that? We can't always exonerate Bitcoin and blame other altcoins alone if we will be fair. Some scammers have used Bitcoin to defraud just like altcoins, people have lost their investment in Bitcoin during bearish seasons, and if a country bans cryptocurrency and one way or another people lose money, won't they lose their Bitcoin if all accesses were blocked as well? So, it's all of them altogether.

But for the latest nuisance caused by new project developers, they are making altcoins to be blamed the more. Still, it's not about altcoins itself, it's about the failed projects that people invested their money in. Some altcoins are still absolved of all balmes till now, should we also blame them? As long as people are trying to remove Bitcoin from cryptocurrencies when there is a fault to blame, people should also be specific about removing other good projects from altcoins to blame and directly blame a particular altcoin that is worth blaming.

It's not fair to blame all for the crime of some who are in most cases failed projects.

OP: In this type of "trick" conjectures, it to take the discussion to a non-existent ground in the reality of your context, they are "pots of smoke", you are selling falsified ideas in misinformation.
The information is very clear about what it is bitcoin, and those who are the Alts, one should not think of "hating" something for the simple fact of the positions/assumptions of third parties.

My advice, stay informed and act according to that idea and not misinformation or the sale of truncated ideas.

Due to people's ignorance and greed, they prioritize altcoins over bitcoin because they think these altcoins have higher potentials to provide them quick and massive profits, without knowing that they will only end up with unexpected huge losses. And even if they do research over these too good to be altcoins, there are still high chances that they can't avoid from losing, so bitcoin should have been the best coin to invest instead of falling into altcoins.

However, no matter what people may say about their experience about altcoins, its not reasonable that they will put all the blame to altcoins. People should not tolerate their own wrong thinking, and they should fix their mindset first before they come to invest in crypto space, because even if they invest into bitcoin with their greed, they won't still be in profits in the end.

People hate Bitcoin for all kinds of irrational reasons. Getting scammed with altcoins could be just one of many reasons. People are complex and it isn't always as simple as blaming a scammy altcoin. When you have the media and politicians propagandizing against Bitcoin it can be hard to convince people of its benefits. Educating users on Bitcoin, as difficult as it may be, is more useful than just pointing blame to something you don't like.

Government doesn not have any restriction against bitcoin or cryptocurrency, they only refused to support it's adoption because they believed its been used for illegal activities, yet part of those that also blame bitcoin for this never take time to have the knowledge about bitcoin and why it was created, they have been deeply brainwashed by the way the fiat economy works and they don't want to take risk in trying out something new.

 A friend of mine invested in Bitcoin in 2018 and lost out to the bear market as of that time and for the fear that he would lost everything made him to sell all the the coins in the bear market which was below the time he bought the coins and abandoned the idea of investing again. And last month he came to my house and so me doing Bitcoin activities and he told me his story and I encouraged him to restart the investment again and he started and now he is very happy that he has started again.

You don't have to blame altcoins but the person. Before you invest in any cryptocurrency, the first thing to do is to understand the coin. How long has it been in the ecosystem and the population of the coin and the duration of the coin in the nearest future

Blaming Bitcoin or other top altcoins or criticizing them due to financial losses is unwarranted. Investors should primarily hold themselves accountable. Despite the presence of Bitcoin, considered a secure & the best investment in the market, and other top altcoins, they chose scam altcoin projects or hype coins. Also, due to their weak understanding and insufficient experience gained during their substantial investments, they failed to conduct adequate research and assess their ability to withstand losses. Even those who lost access to their Bitcoin wallets or sold Bitcoin at low prices must bear the consequences of their mistakes. This field truly requires experience, analytical skills, and patience. Without these points, all cryptocurrencies might not be trustworthy or suitable for them.

why should we blame altcoin?  altcoins remain circulating in the market, so many people will see which asset is better, whether bitcoin or altcoins.  Bitcoin is a crypto asset that is impossible for altcoins to shift even though they claim that the altcoins that have emerged are the best in terms of speed, fees, and so on, but remember that only Bitcoin is a truly decentralized asset and is far from manipulation.  most of the altcoins that appear are only created to take a little of the market away from bitcoin, bitcoin will still be at the top.

Bitcoin is the leading cryptocurrency, and often I have seen haters blame Bitcoin, not Altcoin. They always target Bitcoin rather than altcoins. It's true that most of the investors lost funds from the altcoin investment. But since Bitcoin has been ruling the crypto industry, everyone actually blames Bitcoin. You can't convince haters ever. They will always present an excuse against Bitcoin. If you ask me, then I would like to blame altcoins for such losses. A few altcoins even never reached back to ATH. I have lost a lot from Altcoin as well.

You can’t blame alts for the losses you suffered. Eth used to be a small altcoin too but look how it did. Some of those alts will become like eth in the future. The problem is, how are we going to identify them good projects? The first time I saw eth, it was $9. People made fun of it, called it a shitcoin. Me too did the same thing. But eth didn’t go away. It went up and up and up along with btc. People buy alts to find the next eth. It is not an easy task since most of those alts fail lately however, a wise man once said:

“You can never win if you buy no tickets.”

Many have invested in Bitcoin or altcoins more or less since they came into the crypto space. There are two types of people, some people invest in Bitcoin and hold it. There are some people who get lured by the boom of altcoins and lose everything after investing in altcoins. A lot of people leave the cryptocurrency space, who is at fault, Altcoin or Bitcoin. When you try to get something through a medium, if you don't get it, it's natural to blame the medium, but we never say it's my fault. You never expect it to be sweet after knowing it's bitter and sour. Basically when investing, do your own research, understand market dynamics, and prepare properly to defend yourself. Altcoins are not a blemish or anathema, whether or not they match your moral progress and investment goals.