Why Consider All Altcoins Bad - page 6.

Sithara007

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Quote from: devillnj2.1 on December 25, 2019, 08:21:22 PM

Altcoin is really innovation, some people take advantage of it to do bad things like scamming people. altcoin is not bad, the people behind it and use it on their own interest, the true intention of altcoin is to make ourlives easier and have a better life using this altcoins to our convinience. I hope this technology will not be abuse but for advancement instead.

Bitcoin was the real innovation, not altcoin. The latter just tried to capitalize on the hype and popularity of Bitcoin. And I don't understand when you say that altcoins have made out lives easier. Can you give me a single real life example? Altcoins came with very big promises and claims. But none of their tall claims have got realized. Almost none of the altcoins have any real usage, other than trading in the cryptocurrency exchanges. And overall, they had a negative impact by poaching on the market share and userbase of Bitcoin.

BitcoinHunt3r

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Quote from: Shasha80 on December 25, 2019, 09:05:15 PM

In my opinion there are 2 reasons why all altcoins are considered bad. The first reason is because of the long-term bearish that started from 2018
until now it doesn't show that it's over, which makes the whole price of altcoins look bad. The second reason is that many ICO / IEO projects have
failed,or even some projects have proven to be a scam to make altcoins look even worse.Of the 2 reasons that I have mentioned above it gives
effect negative for altcoins as a whole.And in the end most people consider all altcoins as bad, even though the reality is not like that. Because there
are still altcoins whose prices are still relatively stable and can still provide profit. Then not all IEO / ICO projects fail, there are still some which is
successful and provides a large profit to investors. Therefore, we must be diligent in conducting research and investigations on ICO / IEO projects
who will be followed, so they can still find good projects. Even though the number may be very small.

You are right, people generalize altcoins to be bad because there are a lot, maybe too much altcoin project that make investor and trader lose. And it keep happen so people not think about old altcoins that already exist and say all altcoins to be bad.

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Quote from: devillnj2.1 on December 25, 2019, 08:21:22 PM

Altcoin is really innovation, some people take advantage of it to do bad things like scamming people. altcoin is not bad, the people behind it and use it on their own interest, the true intention of altcoin is to make ourlives easier and have a better life using this altcoins to our convinience. I hope this technology will not be abuse but for advancement instead.

Not all altcoin is bad, so that’s true some people use their own interest indeed to scam especially those newbies. This is very important that we should assess every project or alts before we invest into it. With so many altcoins only few are those legit and worthy of our money.

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Quote from: Greatchu on December 25, 2019, 08:37:54 AM

We are have been in red market since 2018 and many altcoins keep losing value yes of course people will say they are bad, we all know how people are, they easily have a change of mind when things go tough, if altcoin market recovers today they will instantly start saying another thing entirely

a little extra. it doesn't matter if they have a good goal or not, but if their concept also doesn't last, then little by little people will leave the token. This is not a problem of how many altcoins we need, but a quality problem. if the coins that appear have a new concept, and high quality, I will support it. but, it is natural that so many people currently think that altcoin that appears at this time is quite bad because I see that most projects that emerge prioritize their profits over the quality of their projects.

Shasha80

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In my opinion there are 2 reasons why all altcoins are considered bad. The first reason is because of the long-term bearish that started from 2018
until now it doesn't show that it's over, which makes the whole price of altcoins look bad. The second reason is that many ICO / IEO projects have
failed,or even some projects have proven to be a scam to make altcoins look even worse.Of the 2 reasons that I have mentioned above it gives
effect negative for altcoins as a whole.And in the end most people consider all altcoins as bad, even though the reality is not like that. Because there
are still altcoins whose prices are still relatively stable and can still provide profit. Then not all IEO / ICO projects fail, there are still some which is
successful and provides a large profit to investors. Therefore, we must be diligent in conducting research and investigations on ICO / IEO projects
who will be followed, so they can still find good projects. Even though the number may be very small.

devillnj2.1

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Altcoin is really innovation, some people take advantage of it to do bad things like scamming people. altcoin is not bad, the people behind it and use it on their own interest, the true intention of altcoin is to make ourlives easier and have a better life using this altcoins to our convinience. I hope this technology will not be abuse but for advancement instead.

scaryvirus

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Can you spot difference between real altcoins and scams?

wxa7115

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Quote from: Fappanu on December 21, 2019, 08:44:37 AM

They say all altcoins is bad , but i think this is reffering to new altcoins in ICO/IEO that comes in the market because some altcoins are shitcoins, deadcoin, no volume, ponzi scheme only and many more that investor lose money so they call them bad. And i think not all altcoins are bad like reputable altcoins now like ethereum, litecoins and many others.

It is a shame but some time ago when people thought about altcoins the first coin that came to their minds was ethereum or other similar coin, as such altcoins were perceived as risky investments but that could easily change your life if you invested in the right coin.

But now when people think about altcoins all what they can think about are ieos and other similar forms of obtaining funding and as we know most of those projects are scams or projects created by developers that do not have an idea what they're doing and this is creating a very bad reputation for the altcoin market as stated in this thread.

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Quote from: criket on December 25, 2019, 10:30:12 AM

Quote from: sangjoewara on December 25, 2019, 10:24:32 AM

Quote from: Greatchu on December 25, 2019, 08:37:54 AM

We are have been in red market since 2018 and many altcoins keep losing value yes of course people will say they are bad, we all know how people are, they easily have a change of mind when things go tough, if altcoin market recovers today they will instantly start saying another thing entirely

Right, now many people make an assessment of altcoin through its value in the market, if the value of an altcoin goes down in the market, then many will judge that altcoin is already bad, even though the team from altcoin is still active in developing their project.

it depends on how their product works. the value of a coin that falls also determined from the development of the product made. if developers don't do anything even though they are still active it's the same there won't be an improvement to their project. see the project roadmap and we can see whether the developer is serious about the project or not.

in the case of the selection of a new project it must be more selective in choosing it, otherwise there will be losses that occur especially if we choose wrong and get stuck on a fraudulent project. therefore if investing in a new altcoin will be more difficult, but if investing with the old altcoin may be better but must keep doing research in it

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Quote from: sangjoewara on December 25, 2019, 10:24:32 AM

Quote from: Greatchu on December 25, 2019, 08:37:54 AM

We are have been in red market since 2018 and many altcoins keep losing value yes of course people will say they are bad, we all know how people are, they easily have a change of mind when things go tough, if altcoin market recovers today they will instantly start saying another thing entirely

Right, now many people make an assessment of altcoin through its value in the market, if the value of an altcoin goes down in the market, then many will judge that altcoin is already bad, even though the team from altcoin is still active in developing their project.

it depends on how their product works. the value of a coin that falls also determined from the development of the product made. if developers don't do anything even though they are still active it's the same there won't be an improvement to their project. see the project roadmap and we can see whether the developer is serious about the project or not.

sangjoewara

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Quote from: Greatchu on December 25, 2019, 08:37:54 AM

We are have been in red market since 2018 and many altcoins keep losing value yes of course people will say they are bad, we all know how people are, they easily have a change of mind when things go tough, if altcoin market recovers today they will instantly start saying another thing entirely

Right, now many people make an assessment of altcoin through its value in the market, if the value of an altcoin goes down in the market, then many will judge that altcoin is already bad, even though the team from altcoin is still active in developing their project.

poodle63

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Quote from: Greatchu on December 25, 2019, 08:37:54 AM

We are have been in red market since 2018 and many altcoins keep losing value yes of course people will say they are bad, we all know how people are, they easily have a change of mind when things go tough, if altcoin market recovers today they will instantly start saying another thing entirely

that's true and especially when there was a lot of altcoins become scam coins and then people are taking altcoin like a scam scheme. But just trusted project that makes the altcoin still a good platforms.
Their opinions depend on which is the situation they are facing it right now.

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Quote from: KnightElite on December 25, 2019, 08:31:17 AM

The question is will you let yourself to allocate most of your funds in altcoins than in bitcoins? Diversification is really part of the process but the thing is investing more money in altcoins than in bitcoins is really risky. Not all of altcoins are bad but there are only few altcoins that can help us to grow our portfolio. It is really hard to find an altcoins that is really worth it. I invest more in bitcoins than in altcoins.

in general, all comes from the emergence of new low-quality altcoin, thus creating a broad view of reputation.

but also because they still cannot withstand the trend of what is happening at BTC, so the community is also watching in terms of falling prices. Many valuable altcoins, especially in popular exchanges, can become more intensive if every trader is always prepared for trends that occur in the short term. Valuable or not, altcoin is still in time to try to increase market confidence.

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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

One of the possible reason why many people are generalizing that all altcoins are not good for investment is because they have encountered plenty of altcoins that have failed them. Considering the fact that most of the altcoins nowadays are not working well and are going to their rock bottom, there is a huge probability that you would encounter countless failing altcoins which may change your mindset and stick to the fact that all of it are scam or not good for investment. If you are going to invest on a certain altcoin, search for the best ones so that you can put your trust on it and gain benefits as time passes by.

Greatchu

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We are have been in red market since 2018 and many altcoins keep losing value yes of course people will say they are bad, we all know how people are, they easily have a change of mind when things go tough, if altcoin market recovers today they will instantly start saying another thing entirely

KnightElite

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The question is will you let yourself to allocate most of your funds in altcoins than in bitcoins? Diversification is really part of the process but the thing is investing more money in altcoins than in bitcoins is really risky. Not all of altcoins are bad but there are only few altcoins that can help us to grow our portfolio. It is really hard to find an altcoins that is really worth it. I invest more in bitcoins than in altcoins.

taberts

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I think this was misconception that all altcoins are bad. A lot of altcoins have great usage like ETH, XRP, XLM and others. Also there was a lot of unwanted altcoins without any usage which were used to scammed peoples money. The point here is don't generalized the idea that all altcoins are bad. Blockchain gives us unprecedented technology that useful for the present and future of digital era. We should looked at the bright and future of it.

barabarian1

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many people think that altcoin is bad because since mid-2018 until now most of altcoin has lost its value. and this has resulted in many altcoin investors losing heavily. and then also many altcoin projects that this scam makes the altcoin market look bad and in the end some investors choose to leave altcoin and only invest in bitcoin.
but I still believe when bitcoin is reduced by half and then bull run, the altcoin market will also be green again.

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The truth is not all altcoins are bad or scam but most times people tend to follow what majority say, this is because most coins do not have a good use case or are just a replica of an existing coin even at that there are still coins with unique use cases.

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I personally do not consider Altcoins bad, infact I see it as one of the best things that has ever happened to Cryptocurrencies, many of the innovations that has been developed so far has actually been done by Altcoins and although I have to admit that there are staggering amounts of scams out there, there are also good projects too out there and I wouldn't condemn Altcoins as a whole just because of the numerous bad eggs although some people obviously do.

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