Why Consider All Altcoins Bad - page 11.

stephanirain

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Quote from: InwardContour on December 06, 2019, 03:19:49 PM

Nobody is saying "all altcoins are bad" but 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, atlesst 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 seeks 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.

Kersh768

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Quote from: worldtraveller321 on December 06, 2019, 02:25:11 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

Indeed. The thought of saying "Altcoins" sometimes or let us just say most of the time give a bad meaning to most of us like saying out the word ICO, the first thing that comes into the mind of an individual who have experienced being scammed or fooled causes them trauma and have that self realization that ICOs are scam so do Altcoins because it come from ICO projects. It do have a point that Altcoins come from those but not all projects are fail or scam so do Altcoins. We must not embody that thought of generalizing that all Altcoins are bad because they are not. It will be clearly acceptable if most of the Altcoins are bad but not all because there are still some Altcoins which are good and worthy to be invested and purchased with. You just need to seek for it carefully.

tartibaya

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Everybody wants to make money. Altcoins aren't all bad. But the fact that prices constantly fall or rise is the reality of the market. Did you hear the name Files.fm? I think they run a very successful project. The Tokens Exchangeler are not traded. They provide cloud storage. I think it's a successful project.

Aikidoka

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Not all the altcoins are bad, but most of them are so bad because they weren't really promoted well and they just lost their value after a few months of launching. It's mostly depends on the team and how strong the project. I meant the team should be serious and present a good project to make it succeed otherwise it will fail and lost the value of it.

cryptoknightt

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yes, that should be, because alt was created to advance the cryptography industry, if there were no new projects, there was no need for development and i think it is impossible for us to still need development.

Cekerula

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can you name the top 4 coins that you consider the best of the thousands of coins that have been listed in the crypto market? but the reality is like that, that investing with top or altcoin coins that have been widely used like BTC, Ethereum, eos, Litecoin & BinanceCoin is a good choice. they are all one of the assets that I trust for future investment.

bittraffic

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We all blame it to the bear market that made some altcoins dead which is why more people are seeing altcoins to be bad in cryptocurrency. What I'm surprise to see is that an ICO adviso who had been guiding teams who develop projects and tokens are not agreeing that 99.9% of the altcoins in crypto are scam. Isn't that one of the craziest shit I've heard.

Many people had invest in ETH, LTC, BNB, EOS, TRON, ADA and XMR so on, assuming 20M investors, are they going to be wrong to invest to these coins?

Firefoxx

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Not all altcoins are bad, I have seen very good and potential altcoins in the market and they have as well fetched good money for investors and Exchange including team so we have goo altcoins and bad ones too

joshua123

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ICOs the reason how the market has been shaped. In fairness only btc stand along the way. Think of it, if the marker is composed solely of btc and no altcoin then there is no crypto market and even investors will not probably focus on trading btc alone with stablecoin. So altcoin can help shaped the market as neutral position. If its bad then believe it.

longyenthanh

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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

sangjoewara

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Quote from: griffinf683 on December 10, 2019, 05:11:44 AM

Its always best to do some research on a project that you wanna invest to. Dont rush into something you will regret in the future. Thats wasting time and money. Its okay to just be in a project you know you can trust and that will give you something in return in the future.

Right, and I totally agree with what you say, because it won't be a problem if we follow a different project from other people, because we have done specific research on the project that we are taking, and that too for our own future rewards. .

spadormie

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Most people are considering all alts are bad. Actually generalizing the thought makes it harder for newbies to understand cryptocurrency as many people could bring confusion by upholding once opinion. What I think the root of the problem is people having favoritism when it comes to their chosen altcoin. They wanted to pursue on what they believe and do not care on other's opinions. And if they do, they'll just even more will shill their coin.

BeManga

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Quote from: worldtraveller321 on December 06, 2019, 02:25:11 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

some user experience consecutive failure in different altcoin in past few years
a lot of projects turn to scam thats why you can't blame them if it is hard for them to trust new project again
i know there are really some good project like those in the top of market cap
but for new altcoin, it still hard to trust them because until now there still a lot of scam happening in the new projects
in my opinion, its better to stay away from the new projects for the meantime

BuNga_cute

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Indeed, there are so many scam projects, but not all projects are scam. There are some that are indeed good projects that can provide
big profit. Or maybe because of seeing the condition of the market altcoins that are currently experiencing a decline, assume all altcoins
bad. This is a wrong thought, because altcoins are now on the market down due to the influence of bitcoin prices. Because altcoins prices
follow bitcoin price movements. So it's not because all altcoins are bad. If the price of bitcoins later gets up and returns to the price of
$ 10,000, the price of altcoins will definitely improve. Now we just need to be patient.

mirgo1791

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worse people from indonesia speaks of poor english but they tries to meet him as i decide not to work with them but also to avoid him to get closer on me as might the chance should distinguished level of dignity ; on their decision as they comes with lower level of absence but not to gains closer as i have to focus with work on my startup project of the DOGEM plan.

Bezobraznike

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Quote from: vanya.pronin.1983 on December 10, 2019, 08:24:25 AM

Not every single altcoin is bad, but the general picture of altcoins is depressing. ETH cannot overcome 160 mark for months, LTC, EOS, DASH are swimming somewhere without any sign of improvement for years.

I think you are wrong, just 3 years ago you could buy ETH, LTC, Dash and many others under 10$, look where they are now, and
check their ATH. Crypto-market is that faze now, bearish, but that will pass and prices will start growing again. Prices don't rise all
the time, and prices don't rise when we wish them to rise. We need to be patient and our time will come again!

arimamib

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Quote from: meliodas on December 10, 2019, 08:23:08 AM

If you are saying that altcoins are bad then you are a bad investor or trader because if you are making profit from investing or trading altcoins then you will not say that all of them are bad. It is up to you on how are you going to react with the market volatility and how are you going to make your best strategy in terms of entering and exiting from the market to secure your profit.

sometimes mistakes do exist in investors and traders, because they are not able to do research in the market and cannot understand the concept of price movements. even if he understands it will not always benefit but he certainly has benefited

tiang_tower

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Quote from: vanya.pronin.1983 on December 10, 2019, 08:24:25 AM

Not every single altcoin is bad, but the general picture of altcoins is depressing. ETH cannot overcome 160 mark for months, LTC, EOS, DASH are swimming somewhere without any sign of improvement for years.

Yes, indeed not all altcoins are bad, because this month there is also an altcoin that is rising in price, I see it through the bituniverse application that I use on my smartphone, just because most altcoins are falling in price so that what is going up is as if the price is not looks to the public, and makes judgments to all altcoins worse.

vanya.pronin.1983

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Not every single altcoin is bad, but the general picture of altcoins is depressing. ETH cannot overcome 160 mark for months, LTC, EOS, DASH are swimming somewhere without any sign of improvement for years.

meliodas

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If you are saying that altcoins are bad then you are a bad investor or trader because if you are making profit from investing or trading altcoins then you will not say that all of them are bad. It is up to you on how are you going to react with the market volatility and how are you going to make your best strategy in terms of entering and exiting from the market to secure your profit.

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