Bitcoin Forum

One fascinating aspect of altcoins, especially the good ones, is the potential for significant profits. I'm aware that not everyone agrees with this, as there are often arguments that altcoins are just another form of 'shitcoin' meant to deceive and exploit people, with Bitcoin being the only legitimate cryptocurrency.

First and foremost, it's true that Bitcoin is considered the king of cryptocurrencies, and that status is unlikely to change. However, let's talk about the profit potential. Some coins, which we hold before the altcoin season, can provide substantial returns compared to Bitcoin. Speaking from experience, I held AGIX, INJ, RUNE, and ETH before the recent positive trend in the market. We can observe how much the market has appreciated, and it may continue to do so until the end of the month.

Imagine if you're the type of person who held these coins earlier, even when the market was in a downturn. You would understand how much you've earned just by holding.

Identifying a good coin requires thorough research, and more coins are continuously being developed. I recently noticed TIA listed on some exchanges and has been doing significantly well in price upsurge. Maybe due to the altseason we are in. But, If a coin has a strong community and utility, it's likely to perform well in the long run.

The essence of all this is that some individuals might not openly share this, but the world of cryptocurrency is versatile, and conducting in-depth research is key to achieving profits.


EDIT: Okay, it seems that many people don't fully understand what I'm trying to convey. Not all coins are fake. While I know that some do understand my perspective, let me clarify some misconceptions.

I'm not generalizing all altcoins as worthless. No, I understand that some individuals view altcoins negatively, possibly because they invested late during the coin's peak hype or chose the wrong coin.

The easy way to navigate this is by: a. Trying out Centralized Exchanges and conducting in-depth research, as I mentioned earlier.

How can this help you (I won't go into detail, but I'll keep it brief. When I have more time, I'll write a post on how to find profitable coins).

Steps to find good coins, as I mentioned earlier:

Using a centralized exchange offers security. Why is that so? There is a multitude of coins being developed daily on DEX, and verifying their legitimacy might be as low as 10%. This is why many people end up getting rug pulled when trying to get in early or buying a coin expecting it to rise. Those who do this are called "Degens." Unless you have mastered the method of buying a coin on DEX that favors you, what you buy is often referred to as a "Shitcoin."

By using a centralized exchange to obtain a coin, you have a 50-70% chance of avoiding a Shitcoin or a rug pull. The two exchanges I prefer for buying altcoins are Binance and Bitget. However, the latter lists more altcoins than the former, so I primarily use it as they continue to add good altcoins. The remaining percentage is for me to conduct my own in-depth research, including checking their Whitepaper, community, and other factors that can qualify the altcoin as a long-term or short-term hold.


So, it's essential to understand that there's always a distinction between "Bitcoin, Altcoins (offering both short-term and long-term profit potential), Shitcoins (promising quick profits but with risks), and Rugpull coins."

Altcoin to some people seam to be another version of shitcoin .there are many people out there who invested in altcoin and didn't benefits from it. These factor made them to dislike altcoin. It might be that some benefited but majority didn't benefit. There are altcoin with good potential but too much flooding of fake altcoin in the crypto space made people not to spot the difference between them. If you ask me the best altcoin to invest on I can't tell you neither, because I was also a victim. Now I chose Bitcoin over all other coin and it's my decision. Anyone has his own choice.

agreed it might be tricky to spot the ones with really good potential especially if they had just been launched but i believe being able to identify a potentially profitable project is something worth having and will definitely help you in the long run

some might not believe in altcoins but we need to remember the primary purposes of altcoins and that is to improve on some aspects of the leading cryptocurrency


exactly, a lot of altcoins have high offers of profit and a really bright potential cryptocurrency is not only limited to bitcoin and ethereum and especially beginners don’t know this hope everyone understands and appreciates the vast world of cryptocurrencies

You are generalizing all altcoins that are not really similar to each other. For example, how can ETH be compared with some shit coins, although both are altcoins. And in this case, to say that ETH is "designed to deceive and exploit people" is not correct at all.

If you would have said this in 2016 I would have disagreed but now it's a mixed feeling because there are thousands of altcoins and anyone can create shitcoin which is termed as altcoins but back in the days that was not the case as altcoins had some services to offer which were not available but since we started using Altcoin just as a mean of investment rather than looking at the technology it offer that's when any random person started creating Altcoin with plagiarised roadmap and whitepaper and ICO is th mother of all these shitcoins wherein users were following the trend like sheeps and investing in ICOs out of greediness and even boasted about it until the bubble bursted, even now nothing has changed as people keep investing in shitty projects related to NFTs and virtual real estate which has zero uses in real life and we blame all the altcoins ? no not all altcoins are fake but the majority of altcoins created has gone astray due to sick mindset of developers.

There are alt coins that are fake and a scam project. this is why it's advisable to always do your own research and invest only on a good projects.
Altcoins are not fake in general, most probably you only choose the wrong altcoin and that's why you are losing the money. Bitcoin along with the altcoins will make this market more aggressive and grow more, lucky to those who made an effort to invest during the bear market because they are already reaping what they sow during those time.

99% of altcoins will become scams someday, this is because of the themes that altcoins carry themselves, just hype and more hype. If we compare it to the real world, Bitcoin (BTC) is gold, while altcoins are just FIAT currencies from various countries. Altcoins are indeed the most conservative way to earn multiple profits than Bitcoin (BTC), but they lack fundamentals on the sustainability side. Now you said about Celestia (TIA), what else tomorrow? we've seen things like this some time ago like Aptos (APT) and Sui (SUI).

I think that was said in this forum for like a millionth time.
"Research is the key."
I don't disagree with that but sometimes that is being ignored now because of repeated times that it was discussed.
I bet many veterans in this forum would not even care about replying to this kind of thread because they have seen this a lot of times.
Still, I do believe that we should take the "research" seriously and not just take it for granted. Don't stop at reading just the whitepaper although it is boring.
Check the team, check how they are marketing their project, look for what products they can offer that are essential in the economy today, and more.
I have supported a lot of projects before and some did success while most failed. We should also look at how the market will behave because we could be supporting a good project but what if it's at the wrong time while something else is being hyped? We may be wasting our time in doing so.

Not all altcoins seem fake to me. Altcoins, as an acronym for Alternative Coins, refers to all cryptocurrencies other than Bitcoin. Examples include Ethereum, Ripple, and Litecoin. Although they are not as widely recognized or used as Bitcoin, they have real value and are traded on various cryptocurrency exchanges. However, as with any investment, it is important to do research and understand the risks before investing in altcoins or any other cryptocurrency. Yes, that's right. The cryptocurrency market has seen the rise of numerous altcoins, some of which have turned out to be scams or fraudulent schemes. It is essential for investors to do research and exercise caution before investing in any cryptocurrency to avoid falling prey to such scams.

To cut the chase, what’s your definition of of real cryptocurrency because most of the altcoins is derived from the the idea of Bitcoin blockchain that later on evolved to different protocols just to solve scalability issue on blockchain.

Altcoins is not fake rather just an alternative that’s why they are called altcoin. Bitcoin is ten father of all crypto but that doesn’t mean it’s the only real crypto. Altcoins cover different sector in our life which blockchain technology can be applied.

By reading this thread, I realized there is no connection between your thread and the title. Answering to your thread title, No, altcoins are not fake if you know the coin. Anyone can create a coin/token these days. Anyone can fool others by creating fake tokens. Among the fake tokens, you can still verify real coins by checking the smart contract address.

They are not fake but some are just scam projects and you can still consider it as an altcoin because of its technology.
We've seen a lot of successful and failed projects for the past decade and we will still see more in the coming years.
If you are going to invest, it's a must to do your own research, analyze it and know if the project is legit or not to avoid getting scammed. If you are into altcoins don't be afraid because the top altcoins can still deliver and there's still a way for you to make profit from those top projects. New projects are more prone to rug pull, so make sure you can afford to take such risk before you fully invest.

Majority of the altcoins are fake but not all. Some altcoins are created by corporates with vision and capabilities. But majority of the tokens and altcoins are nonsense. The top 10 cryptocurrencies in CMC might have some use, but rest are just gambling.

I personally hold millions of dead tokens. If these tokens had ever reached to it's promised price, I would have become a billionaire by now.

I have no idea if you believe all altcoins are fake or if you are going to trade just Bitcoin. There are some categories of altcoins, like shitcoin, stable coins, tokens, etc. You can distinguish them and act accordingly. But you can't tell all altcoins are fake; it led to shutting down the new era of the crypto market and its infinite opportunities. Altcoins are mainly created to overcome the disadvantages of Bitcoin. And it really is doing well too, and I agree that there are fake altcoins there too. Be aware of that. Many people love altcoins (especially meme coins) more than Bitcoin. In my opinion, only people who believe altcoins are not real are totally unaware of the potential of altcoins.

Yes, it is very tricky to site good alts if we are trading it on Dex. Sometimes, if one is lucky they will escape rugpulling.

What I do when it comes to trading altcoins is, I wait for coins that will be listed on a cex, and with that, I take full advantage of it and search more about it such as that TIA now

Some altcoins or let's say that they are many now that are becoming fake and being soft launched in the market. They're just testing the waters if they're going to become popular and gain volume. But not all of them are fake, we know that there are legitimate ones and is being used by many like the top ones. If you're in the new ones, you'll have to deal with the risk that they bear usually when they come out freshly to the market. So if you have earned like the new releases and they're being listed in good exchanges, you won't call them fake because you earn upon dumping it.

Why some people still see atlcoin on the negative side, this might have been as a result of one coin they must have invested in, that did not  yield something good, so that negative experience has really given them a sense to tag all altcoin as shitcoins. Meanwhile that's not entirely true, there are whole lot of atlcoin that are doing very well, that you can invest and hold on to it to grow and it will give you a return on your investment, you just need to do your research properly in the market before investing. So in answering your question, altcoins are not fake.

Altcoins are real and I don't think we can say that altcoins are fake because the evidence is already there and many altcoins that exist today are circulating so that indicates that altcoins are real but when talking about profits and fraud it is different in terms of context because in the end we already know that most of the altcoins or projects that exist today are hoaxes but we cannot say that they are fake because altcoins are real. I guess for this comes from our thinking because at the end of the day even if we don't believe in altcoins it doesn't mean that it is something fake because at the end of the day there are still some projects that are running and still viable like some of the big altcoins like ETH, BNB etc. But on the other hand we also have to realize that even though we don't believe in altcoins, it doesn't mean it's fake. But on the other hand we must also realize that this is only a small percentage of the majority that are indeed scams.

I don't really like being in altcoins right now because I am fully devoted to bitcoin, but I don't think that altcoins are fake because there are still some projects that can still run even though I am not in them.

We should never triggered positions in the market without mapping good strategies, instead let the market comes to us, triggered our buy and sell limits. Our opinions differs depending on our experience in the system, there are numerous projects we have encounter, some turn out to be legit and profitable while others are scammed projects that embezzled all our initial capital, leaving us in deep regrets. I'm not following the trends, rather sticking to price actions, because that's one of the smooth techniques in the process of generating substantial capital. Most altcoins are fake, they mostly turned into scam projects in the space.

Good for you if you are not following the trends and you're likely avoiding most of the scam projects that are released in the market. That's how many of the new investors gets in to these fake and scam altcoins. Because of their desire to cope with the trend and hype, they invest in almost everything they see and that's why they fall to projects that are just sucking their money and they don't know how to recover it because there is no way to recover it if you're going to ask me about it unless they recover in other ways or methods.

Maybe what the OP can conclude about alts is that most projects are not real as the devs behind them are here only for profits.
But there are still few that have actual use case just like you mentioned, ETH and BNB or those top alts.
This is why every user should be very cautious in investing on any alt, particularly the new ones because they have very short lifespan.
Simple digging on these alts would give you insights if the project is here for long-term or not.

Yes, there are fake ones but how we can filter this type of deal is if a good cex gets to list the token at the long run

It is really just that there are people who cant really just that bare out with the risks and this is why they are really that afraid on taking further actions on which they would really be that tending on not to move or make investment decisions at all since they are really that scared about losing money. We know that there are indeed tons of opportunities on which  you could really be able to get into this market if you are really just that willing to take risks and move. You wont really be seeing yourself on progressing if you do let that emotion do control you or simply that hindering you on making out such decision specially on
investment with crypto.

Some do chose to stick with Bitcoin which i couldn't blame them on but there are people who do really love on considering on investing on Altcoins on which it isnt really that bad after all.
Just make it sure that you are really that dealing with projects which are really that worth to invest on, seeing on the current number of altcoins in the market then
it is really that safe to say that its never been simple on making a selection, this is why individual research and whatever things you do need to do
would really be that crucial and relevant.

Yeah, precisely and most importantly, some coins that also get their way to a cex standard could also have some achievable progress in the long run that's why I do prefer trading on a cex because I know there's every 50% possibility the coin listed won't be a rugpull

Well, the argument is quite true because I also experienced earning more from altcoins. But more people have chosen and are preferred in investing Bitcoin because of trust and confidence that they are holding a coin that will grow and it never scam them which I think is very important when choosing coins to invest.

Hypesd projects can really give us profit but their sustainability is very clear to us that it never lasts longer, it will die after the said event, and very slim to rise back because only a few people (or even nothing) have the courage to reinvest.

There are two different sides to this. Namely they are potential profits and also potential losses as a high risk. Because, however, altcoins have a much higher risk than Bitcoin. Indeed, sometimes they will easily rise and skyrocket at one time, especially new altcoins. However, not everyone is able to see this chance at the right time. The mistake is that they enter at a late date, when prices are at their highest. And in the end, they will fail because the altcoins will not be able to return to the price when we bought them, especially if in the end the altcoin we bought experiences a rugpull and becomes a shit coin, this will be the end from our investment.

The problem is, they will just pay the good cex to gets listed. That's how the world goes today in these exchanges but if you can start to report them even if they have good volume, hopefully that they'll get reviewed and will be considered. But again with these matters, it only takes is money for them to get ignored by being a fake one and then into building a reputation and then volume that contributes to the profit of that exchange.

Well, only those who have many years of experience in the crypto market make sense of it and can intercept possible projects that will showcase huge pump-like bullish. Unfortunately, we all know and are aware that altcoins couldn't be the same as Bitcoin which remains valuable, unlike these altcoins where the majority of them turn into scams after the surge.

---

We can't generalize that altcoins are fake but yes, most of them are worthless projects. That is why we should be cautious when choosing them and must have done research before investing.

Yes, that is why I said some coins are doing well regardless. Okay, let's take a look at SoL and the much impact it gave itself after many falls to $8. Currently, Sol is eyeing its way to $50 soon.

That's why I said most likely, altcoins listed on exchanges give a 50% possibility of saving someone from getting a scammed token

But that's not true. Altcoins aren't shitcoins tho shitcoins are altcoins. What I'm saying is that not all Alts are shitcoins, however, the shitcoins we see are actually Alts. This is why people just generalize it and just call them the same. The beauty of altcoins isn't in making money off it faster than in BTC, it's in the innovation. Altcoins often introduce new technologies and features that Bitcoin may not have. They are often created to serve specific use cases. For instance, Ripple (XRP) is designed for cross-border payments, and Chainlink (LINK) offers decentralized oracles for smart contracts. Also, some Altcoins like Stellar (XLM) and Nano (NANO) charge zero to nothing transaction fees. But these are all Altcoins :)

Well, most altcoins are shitcoins you can't deny that. At this point, I'd consider it a shitcoin till it's not something to live by really. The majority of altcoins are projects that ask for a loan to create their project after all instead of, well, presenting a real product/service that they can sell. That or they produce services that are close to useless or are just imaginary instead of anything real. While it wouldn't be that hard for someone with plenty of money to filter through projects and invest in a substantial amount that he thinks can profit, your average joe probably just looks at 10, 20 projects and decides on one to invest in. And if it flunks, money goes poof, which was everything, or close to everything he had.

  I will ask you, even if you are a newbie in this industry. Do you think all altcoins are fake? This is the problem for us sometimes. When we ask a question or give our opinion, I will include myself, and we all agree immediately. For example, we will say that Bitcoin is the most secure long-term investment in this industry; it has been proven and tested for more than a decade.

  Then the other cryptocurrencies that the majority of the community here will say are shit altcoins and meme coins—do you think that's right? Since you are in the crypto space, is Bitcoin the only good opportunity you see here that can give us good earnings in the future that we can get?

You cannot trust these CEX, if the token is good at marketing and influence the investors and if they are willing to pay good amount of money they will be listing the token, just check out any CEX and you will find a good amount of junk tokens listed only to pump and dumb. The only way to identify good project is to read their whitepaper and identify what they are brining to the table.

Your experience with holding AGIX, INJ, RUNE, and ETH before the recent positive trend in the market is a perfect example of good return by the holding coins.
And you are right identifying a good coin requires  research as there are many new coins being developed constantly. If a coin has a strong community and utility it can perform well in the long run. Thank you for sharing your insights and experiences.

Even though most of them are scams, especially new Altcoins, that doesn't mean that big Altcoins like Ethereum, BNB, XRP, Tether, Solana, Luna, Shiba inu, Dogecoin, and others are all legitimate crypto coins and not scams.
And the best tool in the crypto world is to do fundamental analysis and do it thoroughly, and the vulnerability to Altcoin fraud also depends on your goals and also the results of your investment research. If you are looking for a safe investment with less risk, look at the top 100 and oldest Altcoins as they are still reliable in terms of returns especially in the long term.
And you have to be careful in choosing Altcoins and you also need good knowledge and intelligence to be able to choose Altcoins, otherwise you will be easily fooled by these damn coins.

There is a reason why the community in general thinks of most altcoins as shitcoins, and that is because they are, this is undeniable, those that defend those coins often point out to ETH or BNB, but those coins are an exception to the rule and nothing more.

The majority of the altcoins being released today have no purpose or reason to be other than to enrich the developers, and being that the case I do not see any reason why a serious investors will even consider investing in those coins.

Identifying high-quality alts can be challenging. Navigating through complex analytical tools and platforms like CoinGecko or CoinMarketCap requires some skill. Finding alts to research is another hurdle. I've resorted to checking listing announcements on platforms like Bitget and Binance, but I lean more towards the former because they have a higher likelihood of listing low-cap blue-chip alts.

OP, you are targeting what is considered a trend (which is essentially hype) and not covering all altcoins. And what do you think about the profits earned from ETH or BNB? Some people just like to take advantage of the cycle of price increases and decreases to access the market, and they don't need to worry too much about it skills topic in this space. For each different financial position, we can give appropriate perspectives and strategies to approach. If I only talk about trends, I only see what you mentioned as short term and time based coins people look for new things and forget about them.
Even if you know these things early, try to experience them to see what profits you can earn with them. Because here, many people have known about Bitcoin or ETH, BNB... very early on, but Only a few achieve huge profits and most of them regret that the opportunity has passed.

Your thread title doesn't align with the content. Shitcoins have made it seem like the entire altcoin endeavor is an obvious scam but it's not. I'm aware of some altcoins that is currently pushing the boundary of the possibilities of blockchain. You mentioned TIA (Celestia), INJ (injective), ETH, etc. These are some of the tokens that have done exactly that. Ethereum for example pioneer the entire altcoin space bringing Programmable smart contracts to run directly on a blockchain which is something that researchers are still pushing very hard to do on bitcoin with the introduction of BitVM.

In a way it rhymed. I wanted to bring people to the notice that Not all coins are shit coins. As you have mentioned, most coin can do incredibly well

The one's the devs are not genuine about I could call shitcoins. They're just there for the very least of it. If we keep looking up to these big alts and forgetting that they're other good lower alts out there, we might end up missing it all. We are here to make a profit and we need to know when to enter and exit the market. Just look at Sol for instance how well it is doing. TIA and few others might be good and is also left for us to know if is for the long or short term

It is true that there are large number of alt coins which have no clear use case and were created for fun or symbolic reasons with no real life purpose. However, it is important not to bracket all of them in the same category. Etherem, Solana, LTC, XRP BNB, ADA, DOT are  examples of good and robust projects, those are backed by strong community and they have meaningful purpose in many applications, such as creating smart contracts, as method of payment and for supporting the digital art ecosystem.

There are lot of altcoin that have a lot of offers and profitability to give out, people don't do research on coins that have potentials, and I agree with you when you said beginners do not have understanding of some of these factors. ETH has a lot of potential, litecoin too has stood the test of time, Elon coin is also among altcoin that have potential. The cryptocurrency industry is large, so you need to do your research properly to know atlcoins that have lots to offer.

For the fact that there are many altcoins projects that had crashed due to different reasons, that do not mean that all altcoin projects are fake. Take a look at some altcoins projects that has been in the market for long like Ethereum, Doge coin etc and they are still doing well in the market. We need to invest in good project that has good team and community. This will help us to gain more from the market rather than just investing our funds in random coins that may not survive two consecutive bear market.

You won't blame anyone for choosing Bitcoin over any altcoins, because I mean the past always speak and people tend to learn from previous experience with some of these altcoins that actually turned to a shit project. The funny truth is that if you actually hit a good altcoins during the bull market you can end up packing lots of profits but there is always a risk attached because some of these altcoins dumps so far and easily that you can end up losing all your savings in a matter of hours.

Ah yes, what I actually meant was that, even if the title is a question, it felt like an assertion rather than a question but thanks for confirming. In any case, I'm a fan of altcoins amd have always been since the ICO era. I'm aware that not a lot of people fancy altcoins and it's understandable. This is a bitcoin forum. I'm a big fan of Bitcoin and as much as I love Bitcoin, I know altcoins have their place in this space as well.

It's not a zero-sum game or a one size fits all kind of scenario.

thats I agree, the fact that these altcoin you mentioned are all having large market capitalization is not some random altcoin could achieve.
there are indeed some shit altcoin that doesn't last long, mostly just for grabbing money by the devs, and then there are some real good altcoin that actually worth investing.
its just matter of how we diligently select some good investment based on fundamental and real world utility to invest not just investing into some random altcoins out there.
moreover, meme coins are usually the ones that tarnished the image of altcoin, many people get scammed with meme coin and blame altcoin as a whole which is not really good behaviour.

If you follow the news since the beginning of a project, surely you have a logical perspective because every time there is an ANN update of course, you update your knowledge including the performance of the team or work with any developer, celestia is an airdrop by participating as a node validator, and this is a long enough time span for research, there are several similar coins such as aptos, I think these people already know about the possibility of a new project developing in other words, participants only participate, yes, if a project to the moon is a fortune, no one can guess the path of a project, but if you want to try to dig up information on Twitter and airdrop channels for each country, I'm sure there is.

The exchange is a gateway to buy instantly without waiting for the acquisition of shares, meaning that you can get more, let's say we buy a private sell, I'm sure we often encounter this if we monitor a project, even though the price is cheap, not everyone wants to buy even a little, if it has entered the dex it has entered the public and if it has entered the cex the price has increased several tens of times, I think there is a lot of liquidity, it is natural to get a lot of benefits for presale buyers, the most logical reason is because it is early and contributes to the development of the project.

If you like alt coins with real performance after listing on cex, you can buy for daily scalping or arbitrage, some cex will not pump the price simultaneously even if listing on the same day.

Who thinking about altcoins are fake i hope he/she is really foolish bacause altcoin are best opportunity to trading crypto money earning always better.

There is no way we can classified all altcoin as one because they are of different types, we have reputable altcoin and not shitcoin. The shitcoin are those coin that are coming to make themselves the number one project that will overtake the reputable coin in disguise to lure investors into holding lots of percentage of their tokens, what I understand is that people always See's altcoin as scam of course, they can call it scam because they didn't invest in the right project which possibly leads them to scam but with those recognized and reputable coin such as ETH as you said or BNB, LTC TRX WAVE and the rest have already gain ground so we can't call them shitcoin or scam coin.

Nowadays there are many scams altcoins project that's the reason why some of us did not trust easily in altcoins anyways there are few projects are successful so it means that they are not scams but before we join any projects must be better if we do our own research or else they to ask those people who are already knew in that projects cause there's a chance that you've become a victim once you are greed to join on what you saw in social media.

generalizing that all altcoins are shitcoins is not justified because coins like ethereum, tron, etc., are tokens that have a global economy and users. it is true that many of these altcoins are shitcoins, as in the last defi trend where many altcoins emerged and offered various attractive features and rewards to users, but almost all of these coins ended up being shitcoins. however it is unethical to equate these shit coins with altcoins that actually offer security, scalability and reliability solutions like those offered by ethereum, tron, solana, etc.

on the contrary, altcoins have also played a big role in developing the cryptocurrency ecosystem to the size it is today. don't forget the role of altcoins that bring innovative solutions and make users more choices besides bitcoin as their cryptocurrency.

So few of them became successful that's why its hard to spot what is good project between them. But also eventhough with their early success achieve still we should not fully trust them since there are successful altcoins turn to be a scam. Many doesn't expect that to happen but it did that's why we should be aware about their scamming and never hold new altcoins since there's still a huge chance that they will dump.

But if we pick those top alts which still exist with huge volume in the market then they are best choice to hold since experiencing a rug pull might not be a problem with this coin since they have so many supporters that can back up whatever market condition strikes at them. Overall for this research is really important to us so that we can figure out if the project is good or not then know when to secure our profit since this is important action that we must do to avoid losing our funds.

There are so many scam altcoin projects, but they don't survive the market for long. The problem is that it is common for legit and even major altcoins to be dead in the long term. If you check top 100 ranking from 2016 then you will see there are many projects that were in the top 100 that don't exist in the market any more. Their technology became old fashioned and the industry moved to another narrative or their development team stopped developing the project. The altcoin market is actually a bit different from bitcoin market because most of the time old altcoin projects don't do well in the long run. That is the reason there are so many new altcoins and new narratives coming to the market on a regular basis. This is how the altcoin market is surviving by creating new projects and narratives.

Now, this is what I'm talking about. Some who read through and understood what I'm trying to convey.

Oh yes! Some coins don't necessarily need to pump when is are listed on a cex. Okay, let me use This TIA that got launched for instance. Immediately It went live, I saw done impressive move up. Some who don't understand the system would want to FOMO thinking the coin would keep going up.

Now, the reason it went that high is because of the hype by early investors looking for where to sell and at the done point, it will start showing some signs of corrections. Those who bought high would call it shitcoin, while those ego waited for retracement would see an opportunity to buy, waiting for the next move up.

You see why I say cex most times help in filtering this altcoin when is already launched on DEX because would want to be the cex that lists tons of shitcoins in the long run

Most of these top 10 projects you're talking about got affected by blackswan and also covid19. We should also know that Bitcoin also got affected but due to the level of commitment the community has, we see it rise. Now, the same thing is happening to most of the coins I listed and even BGB as well.

 How strong a project community is, also helps in determining how long a project could last in the market

No one thinking it's fake. But there are some fake coins like fake Bitcoin, Fake ETH, even Fake USDT. But OP is not talking about it. The altcoins are not fake but most of them are centralized and scams. I won't say most of them scams, but most of them are centralized and some of them are scams.

Most of the community members don't love the project or care about the technology. The only thing that matters for the community is to keep the development ongoing so that their investment grows with the project. The community sentiment is to change the project as soon as they get a new narrative and visionary team who promises them something that sounds more attractive. This is the reality of the altcoin market though this fact is not true for the bitcoin market That's why there has been no competitor to bitcoin till now. As the altcoin market is evolving so is its ranking. There is no guarantee that all the projects in the top 10 CMC will be able to hold their positions until the next bull run.

Unfortunately most of those fake altcoins are well package such that it's often very difficult to detect their genuineness, infact their developers employed influencers to promote the project so as to look real, as you rightly said getting updates and latest information of as many altcoins is one of the ways of avoiding investing in those fake altcoins, it's a pity that many newbies in their bid to make huge profit in s short time frame usually fell into the trap of those fake project especially memecoins which are mostly pump and dump coins, I am very sure a lot of unsuspecting newbies had lost huge funds after investing on those fake altcoins the best best is to invest in BNB, Ethereum, Bitcoin etc.

There's nothing as tagged fake in cryptocurrency. You're right, altcoins are the main projects that tends to give a trader substantial figures in the system. As long as we're able to triggered trade with good setups entries, there are no limits to what we can achieve from these promising altfoins projects. The major time to reap heavily from altcoins is basically when it's altcoins season and there are beneficial results that do follows. Altcoins are not fake rather there's existence of more scam projects that would end up liquidating the accounts of traders who invested hugh figures on them.

Of course there will be pros and cons related to these altcoins. Because, many people suffer big losses due to trading or investing in altcoins. However, it cannot be denied that there are also some people who can use altcoins to reap big profits. especially here regarding the altcoins that are currently hyped. They can lose big but on the other hand there are some people who can really take profits that high. Although I personally have never felt it

So, basically, these are also things that need to be paid attention to. Because after all, everyone's ability to analyze altcoins and the market is different. So if we are not yet capable of that, it would be better if we were more careful with altcoins rather than just prioritizing luck to get profits from altcoins. Regarding whether altcoins are fake or not, it's possible that some are fake or shit coins, in this case they are scams, there are lots of them. However, there are also real and legit ones, although the percentage seems to be smaller.

I agree with the centralization argument but the scammy part is largely due to the fact that it is an open economy and anyone can create any tokens they want especially if they know how to write smart contracts on an EVM chain and have sufficient liquidity to bootstrap it then it should be up and running. Having this knowledge could prevent one from indulging in any of those scammy tokens. This isn't a problem that is going to be fixed by the given protocol but for users to do their own due diligence.


It is public knowledge that except a  project has some extensive value proposition that users will kerp falling back on, it would become obsolete as users are usually in search for the next best thing which is what happened with the top 100 cryptos in 2016. If you look closely, there are a couple from that era that still remain till today like BNB, ETH and a couple of other altcoins. That said, having really good value proposition that can keep people coming back to use the protocol or service is a must-have to stay afloat -
(this is a competitive space).

Right sir, speaking of fake altcoin or scams on an altcoin project, there are various types, some ask for additional gas fees due to chain changes or change smart contracts outside normal limits, there are also those who ask here and there but never list on an exchange either cex or dex, even worse everyone can buy presale and seem to make the impression of listing on dex but can only deposit and buy, In the end, I was confused because I couldn't swap or sell the tokens I had bought, I experienced it even though I had a few projects that were trapped, from the past I learned and participated more in projects that developed, capital returned when there were projects that went to the moon even for the next few projects, and I am grateful that crypto is real in doing its tasks is a choice including buying presale / ico. If there is a launcpool or launcpad of a cex in my opinion more wort it, but you have to follow the terms and conditions of a cex to participate, not free and uneven is one of them.

Thanks for sharing this valid information about where best to buy altcoins, people make a lot of mistakes that makes them to encounter loses because of the lack of proper knowledge about where best to buy altcoins from. Your analysis makes a lot of sense to me because centralized exchanges will verify the authenticity of any altcoins that they'll list, unlike decentralized exchanges that are more liberal where many coins are developed everyday and any altcoin can enter them easily.

I guess nobody can regulate the numbers and how altcoins are developed in DEX, giving room for lots of "shitcoins". I'm also thinking that these will be a den for scammers to bring altcoins that they know will not stand the test of time. I now have more faith in CEX for reliable altcoins, that can withstand the test of time. I've never really given much attention to altcoins because of the many negativity that is associated with them, unlike bitcoin that stands on it's own level and is very reliable. In essence people should conduct personal research about altcoins, before buyi.

Now the market is frozen, so you can sit back and watch its movements. And if you want to get some more money, take part in the Trick or Treasures tournament from Fairspin, they have just there a big prize and everyone can get a small amount for their additional investments

People see altcoins differently. But let me answer your topic question. Not all Altcoins are fake but some are. There are some that created by internet scammers to scam people and those ones are also in line with airdrop. Many people don't want to use their ears hear altcoins because they believe that all Altcoins are shitcoins but that is not true there are some altcoins that are legit. And there are some people use these altcoins to make profit. Like litecoin, ElonCoin and Ethereum and some other ones are good to invest.

There are many pros and cons, but believe me, most altcoins will eventually experience losses, even scams and so on. Indeed, many newcomers who are new to crypto immediately buy altcoins and hope to immediately make big profits by just relying on the hype. Many people also get multiple profits from altcoins, but of course they have to be smart in analyzing and smart in finding the right moment.

But what is certain is that there are many examples of altcoins that were good at first but ultimately died, only Bitcoin has a clear future, only Bitcoin is the safest for long-term investment.

You speak like someone saying from experience, but I don't know to what level you trust the CEXs. I do not what to argue this with you because it seems you have experience on this and have practicalized it also.
But I have a very worrying question, which is why you trust the CEX that can take money and list shit and scam coins. Can you tell me about the regulatory policies of the CEX in listing new coins. I think it should be all about how much the project owners can pay.

I therefore will say that if the type of exchange where a coin is listed will have to form a base to knowing a good coin, it shouldn't take upto 50 - 70% as you said in the Op.

I don't agree that exchange only requires a coin to pay for it to get listed, the coins also need to have reputation, trusted developers and so on, there's reason why exchange thats already reputable enough like coinbase and many are instead of trying to list some random coin that pays, they'd have partnership, the only coin that they'd list outside partnership are those coin with really high trading volume which means even the community that supports that coin is huge, other than that rarely I see some random coin getting listed just because they could only afford to pay.
this case only happening in some third rate exchange where their priority is just making profit from the listing fee, but when it come to big exchange, they need to consider how that altcoin affect their reputation also they need to obey regulation.

Make sense, but for me overall, it is just Bitcoin and Altcoins. That's the reason why "altcoins" were created, because of the alternative to Bitcoin.
Where most altcoins now are scams or it will just vanish in the future, that's why it is really risky, even how much market cap or how already big the altcoin is.

If you have a look at Investing.com you will be shocked as the number of alts are keep on increasing day by day, but technically only those survive who have the real properly and utility in a coin or token. If you are planning to invest in alts I would request you to analyze as much as you can Also go with the top rated alts which are currently dominating with the market cap and circulation.

These days don't even trust the low rated exchanges because I really had a bad experience where in Invested some $, Unfortunately it has been delisted from the exchange there was no any prior information of delisting in the exchange as well. I am in touch with the support team and they have asked me to wait.

Note: Information which I have shared is a latest one, I mean the loss occurred before a week.

Only some altcoins are scams. But some altcoins like ETH and litecoin are genuine projects. If someone can find genuine projects from newly launched altcoins, he can still make a lot of money with crypto.

Of course, what do you expect? But I just realized that there is 1xbit. I know it's a gambling site but many are saying it was a scam and surprisingly they are still there. It's only sad that the common projects (non-scam) are the ones who can die easily sometimes but it's hard for a major alt to die even in the long term because people are already a die-hard supporter of them and this makes them to be motivated to improve their project more.

Devs should take note to what have you have said, if they didn't realized it yet. That is they need to incorporate the latest trends. New alts are there mostly for a reason of earning a profit. They don't even care about the old alts and how they perform.

  To the best of my knowledge, altcoins are often used by scammers to prey on investors. This means that these hackers have the ability to use the altcoins to release an altcoin that they will use as legitimate, but the truth is that it is fake in reality.

  This is also often interpreted as a trap for investors who are not aware of or have no knowledge about this matter. But let's just remember that altcoins were created because of Bitcoin for no other reason, but that doesn't mean it's Bitcoin's fault; that's not what it means.

Well, some components like PoW cannot be faked, so altcoin designers would be easily able to proactively disprove any fakeness. Ironically, there are huge campaigns aiming at the advertisement of algorithms where the result can be faked more easily.

Your statement falls horribly short of the reality investors encounter, we have more than 10k altcoins on the market at this moment and I will not be surprised if that number grew to 30k once the bull market is in full effect.

For your statement to be true only a minority of altcoins must be scams, so do you think the majority of those altcoins are actually good projects? You mentioned two coins, could you mention thousands of coins that are just as good as them? I know you cannot do it, no one can as there are not many good altcoins out there and at best there are one hundred coins that could deserve our attention, and I am actually being very generous with that estimate.

Alt-coins are not fake and many alt-coins has been successful into cryptocurrency market which is quick profitable business when you invest on the right alt-coins at the right entry point, even Bitcoin as the king of all alt-coins started one day to trade and many people that seen the opportunity and refused to invest at early stage are regret it by now. Hence, information is very important when you take action to Archived it.

Well, you should change your way of thinking about cryptocurrencies and the market because it's not a get-rich-quick scheme, and even though some people might get significant profits from their investments, it doesn't necessarily have to happen with everyone and one should only aim for profits and not for getting rich by making small investments on different tokens and coins, especially if they are targeting new cryptocurrencies because of potential profits.

A lot of new investors make the mistake of investing their capital in newly launched projects just because they think they can get a lot of profit from those coins or tokens but eventually lose money in those projects. So, it's better to invest in projects that are trusted and already established, because getting less profits is better than losing the invested amount.

The desire of get rich quick can impair judgment, leading to reckless judgments. The crypto market can yield large gains, but not all investors will enjoy them. Instead of chasing every new coin for overnight wealth, make deliberate, well-informed judgments.

The crypto market is plenty with chances, especially during a bull run, but it takes a keen eye. Each investor's plan should match their risk tolerance and goals. Its tempting to jump on every new currency, but its better to focus on proven initiatives. It may yield lower gains, but it reduces loss risk.

This doesnt mean one should avoid new projects. The key is balance and research. Diversifying one's portfolio with established and carefully picked new tokens can work. Find what fits your investment style and risk tolerance.

Well I really do like alt coins and I do not know how they can be fake. My favorite of the alt coins is Ethereum and there are some investors that have made alot of profit from hodling on this coin. We can make big profits from the cheap alt coins.

And it can not be fake because I can trade alt coins for fiat. I think you maybe are getting confused alt coins with shitcoins because most of them we cant sell for fiat on the exchanges. But alt coins can moon just like Bitcoin. 

They always think about that since for them crypto is so easy for them to earn a lot of money. But once they find out the harsh reality about it then they get dismayed and think that all about on altcoin is really fake. If they could just able to research for best potential altcoins then provably they will not go on risky situation for picking up those scam tokens and they might always go hold or trade those top alts in the market which is good to have especially if there's a bull run will came.

To many new investors got hype with new project since they think that the price will go the same with bitcoin but they meet those unexpected things happen and get scam by those new alts. So to avoid getting scam much better if they do think about real situation about it and again research will give them more idea about many things they want to join with.

Collecting information, conducting adequate research, and gaining the necessary experience enable any investor to determine whether or not the altcoin project in which they will invest their funds is fake. Carefully choosing an altcoin project is an investor's most crucial decision before investing capital. Not all altcoins are fake, as you clarified, and not all are scams. There are altcoins that have significantly succeeded due to their actual capabilities, the continuity of their operations, and the experience of their teams, managing to shine and secure positions in the top 100 altcoins in the market. However, the market is not devoid of fake and scam projects that fail to achieve their goals, primarily being new projects. Therefore, if a person cannot determine whether a new altcoin project is real or fake, they should rely on a long list of top and most reliable altcoins in the market.

In my opinion new traders overestimate their capabilities in an extreme way, and this is because they believe themselves capable of selecting a coin that will skyrocket soon among the thousands of coins we have in the market, and that is crazy, as I am sure there are many people which have been part of this market for years which cannot do this and yet they believe themselves capable of doing it.

So it is not surprising they take those high risks as they believe themselves to be immune to them, and they will only learn the truth once they are burned several times by their mistaken decisions.

FROZEN wait, cryptocurrency market are freezing ? since when that there are some BS thing
 like this that happened in Volatile market like crypto?  if this will ever froze then this is not crypto anymore because this must
 always move up and down, sometimes a little but still will move .

I don't even know where did you get that Idea but for sure that is never to happen in this
investment area.

oh I see, you are shilling for that desperate site to gain attention and at least new players?
do the fairspin team are losing players and budget that's why they are using Shill accounts now to promote  their site?
so disappointed to them or yours doing such for the sake of advertising , now I see a losing casino site .

You have accurately highlighted the important aspect of investing in crypto currencies by emphasizing the significance of through research and assessing the viability of the project. This process can aid to distinguish between legitimate and fake projects, and helps to identify coins and tokens those can potentially perform well in the market. while general perception of the market is that the top 20 coins listed on coinmarketcap are considered legitimate and worthy of investment.

It is important to exercise caution when investing in new coins given the lack of their historical record, additionally verifying the credibility of the management team supporting the project, is also crucial.

For those who are experienced in taking bigger risks, they will also take into account the strength of their capital. If all the capital is invested in a new project, even though they are very confident, I don't think this is recommended. we don't know what will happen next, especially for new projects that we think have very big prospects. This often happens to beginners, so they actually have a deep burden because of their mistakes, the result of a lack of knowledge

I just did a topic now about alts that relates to what you just said. Understanding the market and when to join the trend is the best way to really pave this alts ecosystem

Definitely, this we need to always put in mind while going for alts and how to make proper use of them. Nothing is risk-free, so we need to take proper caution of what alts we invest in. The example I mentioned above is how do well trading all these alts

It is true that some new comers enter the market with over confidence and take position with high leverage without thoroughly analyzing the market. Regrettably, some even don't implement stop-loss measures, which makes their account vulnerable to liquidity issues, in case market moves unfavorably against their trading position. It is always advisable for new comers to acquire understanding of fundamentals principles, technical analysis tools and essential risk and money management skills before entering  into cryptocurrencies market which is very volatile and high risk.

Certainly, the altscoins market is highly rewarding, often outperforming main-stream currencies, in the recent mini bull run, it  has delivered substantial returns, Solana is a good example which has provided 7X profit to those who bought it at around $8. the key is stretgic selection and hold for long term.

Hello OP. This is the reality conveyed by @albon and my view is that all those who have been nominated for 100 also started from the bottom and if there are new ones born if they are not able to keep up with developments and competition they will fall by themselves. Our job is to filter out which bulls are and don't buy the wrong ones.

so do you think such a trader can change for the better after making a few mistakes?
Or will they continue to make the same mistakes over and over again, and finally or will they stop because they feel they no longer have the ability or courage to enter the market again?

If altcoins is fake then why we are here! We want investing for making profits so altsoins isn’t fake but there are some project many time getting scam. That's means not all project are scam so you should choice best project always. Anyway you can remove your mind now then try to get best knowledge about crypto market.

I don't believe that it is because of the their confidence that prompt them to actually make such decision, I feel its the gambling spirit that rides in them as I know this because every trader is somehow related to a gambler and they like to take the risk on every investment choices as the risk is what brings the profits but since it's a two sided affair losses sometimes might be the result of this risk investment but it's quite normal as their are already used to the system.

It cannot be denied that this is true, altcoins can provide high profit potential, sometimes even extraordinary ones in just a short time. However, what is more complete is, altcoins also allow us to lose money very easily, in a short time. So in essence what happens to altcoins are high returns, high risks. So the results will depend on how we respond and take this tricky tactic in altcoins, based on experience and the right insight of course.

Maybe one of the reasons is because of the hype and also the massive news about these altcoins so that traders are sure that these coins will skyrocket. Because what has happened before is that they may have had extraordinary experiences with the benefits of trading altcoins like that. However, it is a shame that not all altcoins can have the same cycle. Because there are many altcoins that fail along the way and in the end they drop at an unpredictable time. it could even be said that they failed to develop. And this is indeed one of the risks when trading in altcoins where it is not certain whether they can survive or not in the market. In this case, the altcoins are new, not top altcoins which already have a high market cap and trading volume.

That will depend on each trader as learning from our mistakes is not something automatic, you need to sit down and think about what went wrong and why this happened, and only those that go through that process of introspection can correct their previous behaviors and change their ways.

So if a trader did this then I have no doubts that at some point their skills will become more polished and they will have a chance to become successful, but if a trader refuses to go through this process then no matter how many times they try to succeed they will keep failing.

Many think that all altcoins are scans. But this idea is completely wrong, still old altcoins are reliable for savvy investors. But it is true that most of the new altcoins nowadays are mired in scams. Many investors have been scammed by investing in new coins. Due to investors getting scammed in new altcoins. Many have lost faith in altcoins. Investing in crypto will naturally involve some risk. But I think, for a safe low risk investment in altcoins, it is better to focus on older altcoins rather than new altcoins. Where long-term investment can expect good returns

I have been emphasising on this particular point for tye new investors knowing that their is some certain coins I know very well that will be dangerous for someone to invest on without taken a steps of research before investing on them, investment is something that have to deal with mindset and search, when you research for something else and know the valuation of it, its when you will conclude to invest on it without having fear, so the advice is that if we want to venture into any altcoins investment we have to at list make a proper research to know the potentialities of the coins before investing on them.

A true and sensible trader would always take calculated risks and will never risk their money just hoping and praying that the coin or token they've bought gains some value, those who do that aren't traders but they are trying to be traders because they lack basic knowledge and trading capabilities. Someone who takes trading seriously will only invest their money in projects that they know are good and aren't just pump-and-dump and useless projects that can drop significantly at any time even if they manage to gain some value.

A trader will only feel confident about an investment that they make after doing proper research and analyzing all the aspects of the project. As you said, those who invest in projects just because they see potential profits while ignoring the high risks are more gamblers than traders in the true sense.

depending on the goals of the coin maker, not all altcoins are bad, and not everyone creates altcoins just to make a profit.
They did it because they wanted to make changes or innovations in the increasingly advanced crypto world.
and after that they will get paid for what they do without realizing it.
Even Vitalik Buterin didn't expect ETH to become this big.

Indeed. You just need to reseach before you invest. Alt coins are not fake. I am a fan of altcoins and I invested in some alt coins. You better research about the coin and what are their target and better to look for a promising coin. There’s a lot of platform that you can join, read in forums. For you to gain more knowledge about what are you going into.

If the first time you enter you immediately get pranked by a new altcoin, I think it's natural and the stamp will immediately be stamped, but if you're immediately lucky, they will definitely say that the crypto market is very promising and extraordinary.

Correct. In order not to get trapped, you have to do your own analytical research first so that you don't lose out at the end of this special adventure for new altcoins hunters.