well for someone who purely believes in bitcoin, all altcoins might just be bad. but you can see them trading BTC/usdt which USDT still can be considered an altcoin. ETH should be bad for them as well if they really consider 99% of all cryptocurrency to be shitcoins but you can see them demonstrate trading DOGE. you know there are lots of reason why they may be saying it, most probably they want the weak hands to sell.
Topic: Why Consider All Altcoins Bad - page 17. (Read 2915 times)
Yes you are very right and i fully agree with your point there are dozens of good altcoins the things go wrong when people start analyzing the project or alt with respect to their price where they just donot realize that price in the open market is a variable of multiple complex factors which cannot simply make us say that it is scam or failed altcoin.
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
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
I tend to deviate, not all altcoins are bad, there are many out there which are worth it. The issue is, most or rather a majority of them are worthless so giving people the mindset that all altcoins are bad. Also, this idea comes most of the times from those who aren't well granted in the crypto space or those investing based on hype. A coin like Eth is an altcoin but one can't say it is a bad coin, others are XLM, ADA and so on are also worth it. So in all ramifications, majority are bad while a few are good.
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
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
hmmm well people say so many things on the internet, if you want to find a reason and explain everything you'll go nuts.
moreover there are people who say it just because they get paid to say that or because they lost a lot of money or hold bitcoin right now and will be pro altcoins when they sell bitcoin.. so... make you own research and decide your own opinion.
its your money dont let others people opinion to affect your decisions before you think about it from every angle.
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.
I guess our mate was only emotional with his holdings which hasn't gained a better value since the last fall of altcoins price last two years ago. Somehow, let's take full understandings why it happened to him so as the other traders who've been struggling for so many times. Indeed in often times, some coins can't recover due to the fact that developers isn't working on it and affected with the recent bearish market.
There has to be some project out there under good intentions. Not all projects could be a scam.
No, not all coins are scams but who knows what the devs' real intentions are? I have always assumed that they usually create coins or tokens so that they can get rich, and in 2017 it seemed like everyone and his brother was cashing in on the hot ico market. You mentioned that there were over 3000 coins on the market, and I would suggest that's *far* too many. If you pick a random coin out of the coin population and compare it to another random coin and then ask yourself how the two are different, you'll probably be unable to answer the question. That's because so many of them are just clones of something else, slapped with a new brand name and marketed to people who don't know any better. It's sad that some people buy into that hype and become bagholders while the coin devs are laughing all the way to the bank.
Nobody is saying "all altcoins are bad" but majority of altcoin projects are pointless to begin with.
"Pointless" is probably the best term to describe the overwhelming majority of altcoins on the market. 
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
I don't think anyone will say all altcoins are bad but considering the number of total altcoins which is about 3000 then the worth of altcoins to be invested is about 20 or something then its not a wonder that people generalize altcoins as bad.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
We no need more projects in the cryptos, we have enough all we need is adoption not the new crypto projects.
Perhaps an assumption
People literally believe that once 80% are bad all are bad which is not really the blockchain idea
As an investor you need to identify the break and boom limit of every token or altcoin you invest in
People literally believe that once 80% are bad all are bad which is not really the blockchain idea
As an investor you need to identify the break and boom limit of every token or altcoin you invest in
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.
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
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
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