Why Consider All Altcoins Bad - page 13.

CarnagexD

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Quote from: drumamat on December 07, 2019, 02:30:20 PM

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

Let's say I think not all altcoins are bad.At least the ones I know of are pretty good.But I don’t need to know all 3000. There is simply no time for research. I’m only interested in those altcoins that are rumored in the crypto space.

The rapid growth of altcoins, as you have said over 3000 on which I think most are less substantial in the market, there is no really time to research that all but there are altcoins you can be heard growing, trending and whatnot and I think those are quite profitable to deal with. But also be careful with these altcoins, they are prone to fail while playing in the market, scammers are widely used it to scam people especially the beginners and altcoins are indeed less profitable than any leading cryptocurrencies like bitcoin and ethereum.

biddicoin

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This is because people tend to generalize bcz of one or a few mistake. This is part of mistake of thingking
we all know that many coins are just shit, not have value, bad dev, stolen money investors
bcz of that, many people are skeptical with coins and generalize that all coins are same

This is alson happen in altseason, just bcz of many coins pump, others coin even shitcoin can be pump too
sentiment takes the whole investors and traders behaviour

drumamat

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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

Let's say I think not all altcoins are bad.At least the ones I know of are pretty good.But I don’t need to know all 3000. There is simply no time for research. I’m only interested in those altcoins that are rumored in the crypto space.

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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

What you say is precisely the reason why people generalize and say that all altcoins are bad, it is impossible that each person takes a look at the thousands of coins in the market an specifically tell the prospects of each coin, so we need to generalize and I ask you which of the next two statements is closer to the truth, all altcoins are very good projects or all altcoins are scams?

It is obvious that the second statement is closer to the truth and that is why people would think that all altcoins are scams even if we know that is not true but when a very large percentage of coins are scams and the rest are bad projects I cannot blame them for thinking like that.

btcdie

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The fact that I received, altcoin is not very potential for the future, only a few, and even then if defeated with new technology and the community begins to forget, will eventually die. altcoin goals are entirely just a revised form of bitcoin or also as an adopter of blockchain technology. and what I received at the moment was just manipulation, I don't know why sometimes people are too greedy. but without altcoin, crypto-world would not be like the current development. so someone's assumption, altcoin is still needed by reason of the formation of new ideas and innovations, so as to create a community.

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Quote from: LbtalkL on December 07, 2019, 11:58:50 AM

There are so many altcoins created every week or every month I see new announcement/bounty thread here on bitcointalk. I cannot blame some people saying all altcoins is bad because in majority maybe in a count of 10 only 1 is good. Bitcoin alone is lonely, Altcoins gives colors to the blockchain world and it is designed to a specific need or use cases. Bitcoin cannot perform smart-contract, dapps. etc.

if the new thread is a new altcoin project, I think 90% of the new project is a scam,
but you can examine it first, do an analysis and see if they have strong fundamentals or not,

electronicash

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there are users who truly believe in btc to be just the real one but when asked how will btc works when mass adoption finally happen when the early investors of BTC had over 500k of it while some only have less than a btc. the unequal distribution of wealth still exist even in crypto so by the time mass adoption happens, its the altcoins are going to be owned by most of the people who adopted it. the altcoins that has usecase will have value that can be adopted for late comers which these altcoins are going to be considered good.

xZork

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Not all altcoin projects are bad, but I think bad projects account for 90% of the entire market. 3000 coins is too much for the cryptocurrency market, most of them don't really solve any technology problems.
The development teams always make technology statements in their projects but they really do not do anything. That reduced the confidence of investors and made the market become a pile of rubbish.

coin-investor

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You did not do enough research to tell us that all altcoins are bad Ethereum, Eos ,Binance coin are all altcoins and yet they are performing great in the market, your title should be majority or most and not all, because if that is the case, Bitcoin is the only coin that is good when there are coins that are as good as Bitcoin, and the market can prove that.

Doell

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Quote from: Katashi on December 06, 2019, 06:31:15 PM

The majority of the altcoin that is available on the market is not progressing well that's why people think there are no good or reliable altcoins these days. A lot of investors suffer huge losses with altcoins so we can't blame them if they are thinking negative about the altcoin market.

as far as I know investors only look bad at the shit token project not on altcoin ,yeah I think not all altcoin is bad even what looks bad in people's eyes is not necessarily real bad and there still a lot of investor interest on a large scale for altcoin which maybe not all be focused invest on top capitalization only

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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

If some people say all altcoins are bad, why is ETH still existing for years now? Yes, most people live Bitcoin as it is the king and has proven to be over time, but there is still issues which other altcoins can help in solving thus the reason a coin like Eth is still active. Anyone saying such, is wrong shouldn't be listened to, nevertheless we have to be careful of these new altcoins coming out in their numbers, if they are 100 only less then 5 is legit.

LbtalkL

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There are so many altcoins created every week or every month I see new announcement/bounty thread here on bitcointalk. I cannot blame some people saying all altcoins is bad because in majority maybe in a count of 10 only 1 is good. Bitcoin alone is lonely, Altcoins gives colors to the blockchain world and it is designed to a specific need or use cases. Bitcoin cannot perform smart-contract, dapps. etc.

kodtycoon

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not at all, i don't consider all altcoins to be bad because even though we know there are many scam projects out there but not all altcoins projects are scam projects, bad projects are not necessarily scam because maybe there is a lack of interest in their products so they are indeed difficult to get investors due to lack of demand in the market. so i don't think we need to assume all altcoins are bad

tartibaya

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It is almost impossible to examine all subcoins. It makes more sense to select some projects and work on them. We will use our energy more efficiently. I'm missing opportunities, I think the idea is very wrong. I don't think it's the right plan to buy.

desticy

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It is impossible to say unequivocally that all alternative coins are useless. But we can say for sure that most of them are useless due to the fact that even at the time of its creation it was aimed at making money by its creator.
In addition, the cryptocurrency market itself is not free, which does not allow cryptocurrencies to develop separately about each other, this leads to the fact that the market moves in approximately the same direction, everything either falls or grows. The alternative coin market can be characterized only by the quality of projects, but not by their speculative value in the market.

Inkdatar

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Quote from: yanto@1977 on December 07, 2019, 10:19:29 AM

I believe no one say like that except they loss in trading or get new altcoin that has no market. Don't debate with people like that you'll get nothing. Altcoin help many people that fail with bitcoin and some of them find their best performance use altcoin. Keep positive about altcoin and see you next time.

Indeed, those who said altcoins are bad are those who failed and loss in trading. This is why we have to evaluate the project that we have plan to invest from the first place. In order for us not to lose money invest in what we can afford to lose.

Palider

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Maybe there are some people who say altcoins are bad,
But in my understanding they are saying this because the altcoin market is down and it has not fully recovered since 2017. And you are right not all altcoins are bad to invest becsuse there are other alts that have the potential to rise in price especially when the altcoin season is back. But I can say that many alts die and these are useless coins without (use cases, project idea and unique product)

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Quote from: gielbier on December 07, 2019, 10:08:54 AM

Quote from: DaMut on December 07, 2019, 08:51:43 AM

I have seen several people saying all altcoins are bad, those people are bitcoin maximalist. not only that, there is a people out there said cryptocurrency is a scam.
there is no right and wrong, it is all about our personal opinion. you have a different opinion with those people who do not believe in altcoin and cryptocurrency.

But if he holds altcoin and it turns out that the project is legit then it will be a pleasure to get a lot of profits from his investment with altcoin. And i am one of the people who still hold altcoin until now

In investment like this, i think we should really confident with what we already choose. About what people said, especially when they said that all altcoins are bad, is only personal opinion and almost like speculation that other people can do and we must know we can do research with ourself and then make decision from it. Maybe listen other is good but not means we follow it.

yanto@1977

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I believe no one say like that except they loss in trading or get new altcoin that has no market. Don't debate with people like that you'll get nothing. Altcoin help many people that fail with bitcoin and some of them find their best performance use altcoin. Keep positive about altcoin and see you next time.

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Quote from: DaMut on December 07, 2019, 08:51:43 AM

I have seen several people saying all altcoins are bad, those people are bitcoin maximalist. not only that, there is a people out there said cryptocurrency is a scam.
there is no right and wrong, it is all about our personal opinion. you have a different opinion with those people who do not believe in altcoin and cryptocurrency.

But if he holds altcoin and it turns out that the project is legit then it will be a pleasure to get a lot of profits from his investment with altcoin. And i am one of the people who still hold altcoin until now

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