Why Consider All Altcoins Bad - page 10.

biddicoin

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Quote from: Ezravdb on December 11, 2019, 04:03:14 PM

most projects only make money by cheating, not pay attention to the development of the project. they went and the biggest fraud this year, some projects get a sizeable income on token sales. maybe this initiative makes people think Altcoin is a bad idea to invest.

but there are still good projects here, so that's what OP wanna said that not all project is BAD
Lookin' at high cmc, there are good project which develop crypto to mass adoption. But, shit project makes bad image to the good one

dimonstration

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Dimon69

Quote from: sorrros on December 11, 2019, 03:24:28 PM

You do not have to be worried about it, bear market will clean or bad and dead projects and with next bull run we will see which altcoins are strong enough and which will give us again huge profits.

This should be note if we want to know whether our investment in altcoin is a good choice as I experienced it after the 2017 bull run. And by 2018 many altcoins didn't have any update on their product and their system. We will know whether we need already to stop our losses.

Ezravdb

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Trphy.io

most projects only make money by cheating, not pay attention to the development of the project. they went and the biggest fraud this year, some projects get a sizeable income on token sales. maybe this initiative makes people think Altcoin is a bad idea to invest.

wxa7115

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Bitcoin is GOD

Quote from: longyenthanh on December 10, 2019, 11:42:15 AM

Altcoin name was destroyed by too many scammers and its because of them investors are reluctant in putting faith back in Altcoins/ICOs. But this doesnt mean there are not many good projects in crypto world. You really have to work hard to find a project that is scam free. Spend time, DYOR and you will get many interesting projects

The scammers are a huge problem when it comes to the altcoin market but they are not the only ones that are guilty of the situation, there are also many developers that did not have the necessary skills to create a successful project and despite all of this they decided to create their own coin thinking that they will figure out somehow only to discover that it was even harder to make the project a success than what they thought originally.

So those two factors have been key to lose the confidence of investors over time and since it is unlikely that those two factors are going to change then most likely the market of altcoins is going to remain in a bad shape for a long time.

sorrros

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ludenaprotocol.io

You do not have to be worried about it, bear market will clean or bad and dead projects and with next bull run we will see which altcoins are strong enough and which will give us again huge profits.

baeva2

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I think that arguing that all 3,000 altcoins are bad is wrong. How can we know how this or that coin will behave when the “bull market” comes? The developers of many projects do not sit still, but continue to work on promoting their projects and their coins at this difficult time and this will give a positive result when the situation changes in the cryptocurrency market for the better.

Nguyenthanh2391

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I think the current altcoins are mostly bad and should not be invested in. only a few altcoins still have a slight chance to exist in this heat market but not too potential. Must choose investment carefully.

Longthi_4823_Love

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There are very few good altcoins that are growing and working stably at the moment, and most are bad altcoins that try to exist but do not make sense. Over 3000 bad altcoins is an alarming number. Sad

enhu

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Quote from: mr_random on December 11, 2019, 01:08:24 PM

Quote from: crisanto01 on December 11, 2019, 01:03:03 PM

Quote from: Mighty_crypt on December 11, 2019, 12:41:08 PM

Scammers are making lot from new projects, investors invest and scam teams dump and exit scam, few months later this same people are the ones that introduce another scam projects over and over again, newbies falls a lot for scam projects but lack of research is the main issue here

That's why we should always be careful with the new projects and don't trust them easily, many people are taking for granted by running a project without any knowledge, they are just after the money that they will raised and later on they will run away and will tell people that the project failed and most of the altcoins don't care about the price too.

New projects with reliable ideas have a high chance to survive in the worst cases, meaningless projects have a cop-paste whitepaper-tale. Bigger doesn't equal to the better, the high marketing funds have to come back as in investment mean. Better not to touch the new projects, if the investor doesn't have an idea what is possible in the worst cases. Better safe than sorry.

You can't blame them for seeing altcoins to be bad because altcoin projects in the past and even new projects today were just there to get more money from unsuspecting investors. When the new projects are listed in the exchange, most of them were dumped. This is why the ones who use to invest in altcoins are now just into BTC as its safer than altcoins.

mr_random

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Quote from: crisanto01 on December 11, 2019, 01:03:03 PM

Quote from: Mighty_crypt on December 11, 2019, 12:41:08 PM

Scammers are making lot from new projects, investors invest and scam teams dump and exit scam, few months later this same people are the ones that introduce another scam projects over and over again, newbies falls a lot for scam projects but lack of research is the main issue here

That's why we should always be careful with the new projects and don't trust them easily, many people are taking for granted by running a project without any knowledge, they are just after the money that they will raised and later on they will run away and will tell people that the project failed and most of the altcoins don't care about the price too.

New projects with reliable ideas have a high chance to survive in the worst cases, meaningless projects have a cop-paste whitepaper-tale. Bigger doesn't equal to the better, the high marketing funds have to come back as in investment mean. Better not to touch the new projects, if the investor doesn't have an idea what is possible in the worst cases. Better safe than sorry.

crisanto01

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Quote from: Mighty_crypt on December 11, 2019, 12:41:08 PM

Scammers are making lot from new projects, investors invest and scam teams dump and exit scam, few months later this same people are the ones that introduce another scam projects over and over again, newbies falls a lot for scam projects but lack of research is the main issue here

That's why we should always be careful with the new projects and don't trust them easily, many people are taking for granted by running a project without any knowledge, they are just after the money that they will raised and later on they will run away and will tell people that the project failed and most of the altcoins don't care about the price too.

Mighty_crypt

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Scammers are making lot from new projects, investors invest and scam teams dump and exit scam, few months later this same people are the ones that introduce another scam projects over and over again, newbies falls a lot for scam projects but lack of research is the main issue here

perfect999

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Nobody is saying that all altcoins are bad, there are so many good altcoins. The thing is that most of them are not to be trusted, there are lots of altcoins that die every year and you wouldn't like to end up investing in any of those bad projects. Even the ones we consider the best are starting to fail us this time. I once considered Zcash one of the best coins there is, but looking at what it has turned out this time around is quite discouraging and XRP too, despite having lots of partnerships this year, it the coin still failed, with the team giving us hope that it will rise again.

So when you look at all these, you will come to the conclusion that Bitcoin is the only coin that is doing the most. Others are pretty much a waste of time, but no one is saying that they are scam - they are not a scam projects, but it's not every legit project that is profitable.

ACTrend

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Hey. The fact is that when an investor fails in any of the projects, they immediately speak about all altcoins. Really worthwhile projects are not so many. Most were created with the aim of earning when there was an opportunity. But there are good projects working. The only bad thing is that the time is now hard for cryptocurrency and projects.

Pinkris128

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Quote from: worldtraveller321 on December 06, 2019, 03:25:11 PM

The question is why do some people generalize all Altcoins as bad? considering there are over 3000 of them out there. One would not have the time to go through each project one by one. to analyze the project. team etc everything behind each crypto project.
There has to be some project out there under good intentions. Not all projects could be a scam. I admit I only have a top 4 i consider when it comes to best coins. But yet many should be decent at least honest projects out there. Afterall we do need more projects. more quality projects out there in order for crypto to succeed.

your thoughts

Not all people generalizes that all altcoins are bad. The only reason why some people hates altcoins badly because most of it are not worth to buy that they didn't have a good future to increased it's price like bitcoin. But there are still altcoin are worth to buy like ETH, BNB, LTC, BCH, XRP, etc because these coins are top altcoins in the market, that is why they are worth for long term investment.

radjie

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there are still many honest and responsible projects regarding coins to be developed, therefore not all altcoin can be said to be bad even though there are currently many fraudulent projects that only take advantage of investors who invest in them. there are still high-quality and potential projects because they are able to work optimally with the professional teams involved to develop related projects

anjiitem

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Not all altcoins are bad, there are some altcoins that have the opportunity to make a profit. I think many people think that investing in altcoin is a bad idea or as is the wrong thing, maybe they get a loss from the investment or trade they do so they think that all altcoin is bad and feel tired to re-invest

nicolas1979

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People who say that have bad experience with altcoin but some people has good profit from there. As long trader/ investor can manage the risk everything will be fine. Most of us say altcoin is bad because natural disaster such as like scam or listing with low volume. Nothing wrong with altcoin just try with another method and good luck to you.

Maslate

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Quote from: sapnu on December 10, 2019, 08:00:03 PM

Quote from: stephanirain on December 10, 2019, 07:27:49 PM

Quote from: InwardContour on December 06, 2019, 04:19:49 PM

Nobody is saying "all altcoins are bad" but the majority of altcoin projects are pointless, to begin with. Imagine projects sprouting with the same aim, and the previous existing projects sometimes have better vision than new ones. If we are to follow an ideal altcoin system, newer projects ought to be revamped comparatively but that's mostly not the case. I think there are too many projects sprouting, and most of them are mainly to make the team members rich and nothing more. The few projects with genuine interest get affected since investors are now very skeptical to invest in any altcoin, especially new altcoins. Not all altcoin projects are scam I admit, but to limit risk-taking, at least 70% of my long term holding is in BTC.

It became tiring and boring with these copycat projects and many investors are losing interest along the way. We all seek potential but almost all we can see are people who just want to be rich. Altcoin industry is only getting worse as the number of "failed" projects piles up.

They are maybe thinking that altcoin is not really good because they experienced downfall as of now. Making them not profitable at a time like this. But it is actually normal, as we all know about this volatility of cryptocurrency. They think that altcoins are not good just because they cannot earn. But if they believe that they can and wait for the right time that the market recovers, I can say that they can earn because I experienced it myself, joining different bounty campaigns to promote it and they will pay me for the job I have done by giving tokens, but that is not your money because you have to wait for an exchange.

I used to make big profits from altcoins because of the different projects i have joined before but when the market turns red, their value have dropped so down. But i believe that altcoins will still recover in the latter part. Patience is really the best virtue for now. We just have to be very patient to finally wait for the perfect moment for altcoins.

sapnu

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Quote from: stephanirain on December 10, 2019, 07:27:49 PM

Quote from: InwardContour on December 06, 2019, 04:19:49 PM

Nobody is saying "all altcoins are bad" but the majority of altcoin projects are pointless, to begin with. Imagine projects sprouting with the same aim, and the previous existing projects sometimes have better vision than new ones. If we are to follow an ideal altcoin system, newer projects ought to be revamped comparatively but that's mostly not the case. I think there are too many projects sprouting, and most of them are mainly to make the team members rich and nothing more. The few projects with genuine interest get affected since investors are now very skeptical to invest in any altcoin, especially new altcoins. Not all altcoin projects are scam I admit, but to limit risk-taking, at least 70% of my long term holding is in BTC.

It became tiring and boring with these copycat projects and many investors are losing interest along the way. We all seek potential but almost all we can see are people who just want to be rich. Altcoin industry is only getting worse as the number of "failed" projects piles up.

They are maybe thinking that altcoin is not really good because they experienced downfall as of now. Making them not profitable at a time like this. But it is actually normal, as we all know about this volatility of cryptocurrency. They think that altcoins are not good just because they cannot earn. But if they believe that they can and wait for the right time that the market recovers, I can say that they can earn because I experienced it myself, joining different bounty campaigns to promote it and they will pay me for the job I have done by giving tokens, but that is not your money because you have to wait for an exchange.

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