Bitcoin Forum

A lot of persons who despise Bitcoin or crypto currencies in General were once involved in them.some of these persons hated Bitcoin and crypto in general because of some common reasons.
Some of these persons may never have ventured the crypto space nor Bitcoin investments before because of some government restrictions against Crypto especially in countries like china etc where the government is strictly against it. Others are just afraid due to possible stories they have heard of people who lost drastically in the crypto space either due to hacks or scam.
However my main interest here is solely towards those who have invested in crypto in the past.Most of these persons hate Bitcoin and other Crypto currencies due to the great loss they suffered from dips in alt coins .most of these losses were as a result of improper understanding and experience before attempting massive investments.Of course some early adopters of Bitcoin who sold or lost access to Their coins have also lost faith in the crypto verse.
My question is should altcoins really be blamed for hate some persons have for Bitcoin due to their loss in alt coins?

Bitcoin stands on a throne of its own. No one else is on that throne that you can compare it with. Monero is a good altcoin but it doesn't and probably never will have even close to the users and holders of bitcoin. The rest are altcoins, many of which are shitcoins. There is no reason to mention them in the same sentence.

Can you make money with alts? Yes, you can, and that's all they are there for. To make a small circle of developers and creators rich and leave you with the hype bags in your possession if you didn't sell on time.

A person with common sense will never blame Bitcoin or crypto in general for mistakes they committed. If you lost your coins or got hacked, it's not the network's fault that you didn't learn how to protect your keys. Volatility is normal in bitcoin, and if you can't handle it or expect a constant uptrend, then you will be surprised.

Learn from your mistakes and take responsibility for your actions.   

If I’m to give my two cents in this issue I’ll say that; lack of knowledge and impatience also contributed to the hate.

Those sets of people you mentioned were most involved because they heard someone else was able to make that amount from it, and instead of them to research on it they just jumped into it and invested large amounts of money thinking that crypto is a get rich quick scheme without knowing the risks involved and when things went south ways they just labeled bitcoin as a scam.

Although some altcoins still played a role in creating this false image of bitcoin most especially those that rug pulled but when traced to the roots you’ll still discover that 80% were not properly educated.

The fact is everyone is responsible for their action and decision, you can't blame shitcoins for your failure or lack of knowledge. Your failure in shitcoin is approximately the success of the owners of the shitcoins, identifying the difference between shitcoin and Bitcoin should be a paramount duty of everyone going into crypto space.
you can't go into what you don't really know about and expect the best out of it. Shitcoins are solely for personal success of the creator not to be compared with Bitcoin a paradigm that has never fail since launched.
If any coin promises you success as bitcoin and you eventually you got convinced and invest in it then it's you cup of tea. The generalization in hate of crypto is absolutely as a result of lack of knowledge of what Bitcoin is and the difference between Bitcoin and every other coin that pose to have same characteristics as Bitcoin.

The whole idea of wanting to invest in Bitcoin but then buying alts is ridiculous to me. People buying alts aren’t hoping to invest in good tech that is changing the world. They’re hoping their altcoin follows Bitcoin’s value rise so they can get rich quick and easy. Those types of people will always go broke and blame something. It’s best to not pay attention to them.

Knowledge is power, the lack of knowledge should be blamed for the hate on Bitcoin not altcoin, I don't own Altcoins and I don't plan to own any but I don't see them as the real problem.
It's lack of knowledge that makes someone invest in an altcoin that was built on hype and when it falls they go hating crypto-currency in general, it's lack of knowledge that makes one leave their Bitcoin on an exchange and loses it afterwards go hating Bitcoin, it is also lack of knowledge that makes newbies vulnerable to scammers, hackers and fraudster, it is also lack of knowledge that makes newbies think Bitcoin guarantees them success in a short time.

I think with the right information and knowledge about Bitcoin the hate on it would reduce.

It is the greed of people that should be blamed, remember Bitcoin has nothing to do with any person's altcoin investment.  There is no reason to blame Bitcoin for a fail altcoin investment.  Same goes with blaming altcoin because of the hate of people to Bitcoin.  If there is someone to blame, a person can blame himself because of not doing his own research.  Because of his own greed, he is blinded by scam advertisements and offers thus losing his investment to fraud and scams.

Besides, someone hating Bitcoin because they lose money on altcoin investment makes no sense.

Well my best gains are in Doge. Less effort less gear and more profit.

So I do not hate Alts.

I do hate all POS and would want to punish all pos holders, but since I just a guy in NJ I simply can not punish the millions that made or lost on Pos coins.

Honestly, the fault shouldn’t be to the medium, but instead to those who actually perpetrate the crime. Scammers, hackers, and thieves who make a living out of taking advantage of other people should be the one to be put at the stake and not bitcoin nor altcoins for that matter. If anything, I’d say the notion of banning or condemning altcoins is wuite similar to banning smartphones cause you can use them to scam people too. Wouldn’t that be stupid?

Again, the blame should be to the criminals, not the method they use to commit the act thereof. It’s off-putting and upsetting, yes, considering that we can’t even really find a good way to have these people be put to justice but it’s what makes the most sense.

It's not bitcoin or altcoins that should take the blame, but the kind of investor who decides to take the risk from investing in crypto. If you lose on them, simply because you don't have the qualities that suit for a good and reputable investor. And not that you blame altcoins for your losses and made people hate bitcoin in general.

However, if you are being hacked or scammed, still the blame should not only for those criminals but also you need to take charge of the responsibility you have by doing initial research first before you jump into a conclusion of investing into altcoins or any project that is making too good to be true promises.

The key issues here are illiteracy and a lack of basic knowledge and comprehension. Most of these people don't know the difference between Bitcoin and Altcoin; they don't even know about them, and they may not be eager to learn; they simply invest in them, and when they are cheated, they blame Bitcoin.
Some people ventures into altcoins that have no future if truly he/she did research before investing in them because Bitcoin and altcoins are two different things that can only be compared with the word crypto, but they are two different currencies with different dimensions.

Many times it has been discovered that, most of those who blame a situation on a particular cycle of events are either ignorant or suffered from the pain of ignorance that may have pushed them into investing in those coins but regardless of what the investment is in altcoins, it still going to become. worthless and only good for short-term speculations and gambling since many of them end up as worthless coins within a short period.

But then also we have to look at some other factors that make me call most of those misunderstanding Bitcoin to mean a cheat wrong investment as ignorant is the fact that, some of them also take Bitcoin as altcoin when they make reference and use the term crypto, this is why many time we may have to take a closer look at such speculation and wrong assumptions.

How does this matter or even make sense, why should the reason why people became anti-bitcoiners worry you, and even if we agree that the reason you gave is true, so what? Sorry, but i don't know what we are supposed to discuss in this topic, if someone doesn't want to buy or use BTC for any reason, then that is that. BTC would surely get users who understand the network and want to use it for its use cases.

Blame themselves. We're learning our lessons through the brutal way of this highly volatile market. Even before they get in, they for sure have understood that this market will make you either win or lose.
That's should be clear at least from the beginning when they have entered to invest to Bitcoin or any other cryptocurrencies that they've chosen because it's their choice.
Please, let us be done with the blaming game. All actions that have been taken and done by each of us should be relied to ourselves and blamed to us whether we make it or break it.

Altcoins aren't to be blamed in any way, and this is because, altcoin did not force itself on any body, those who invested in altcoins, and are still investing in altcoin rather than investing in bitcoin are all doing so out of their own will, they were forced, so why should altcoins be blamed?

And besides, the existence of altcoins have made bitcoin a much more healthy cryptocurrency and blockchain.
Just imagine if there was no altcoin at all, that we all had to transact only in bitcoin, I believe that by now, only the rich will be able to buy and transact in bitcoin because, the price of bitcoin must have become very expensive at the moment, and also, cost of transaction confirmation on the blockchain would have become very expensive, most especially in times when the mempool is congested.

So, altcoins have helped bitcoin grow, and not the other way round.

 We can never blame a coin just because of the other coin in the crypto. In crypto when we started our first step we should know the fact that anything on anytime we can expect from crypto. Even we can see those coins which price were above 100$ and now they are below 1$ so this is the craze of crypto in which we should have to accept this fact that in crypto coins are volatile. Most probably when bitcoin falls mostly the price of the coins we knew most of them are also changed. So this can happen but changing like other coins can't be blamed.

What Pmalek said is quite right, where those who hate Bitcoin are those who suffer from altcoins. Didn't they learn from the losses of many people when choosing to invest in altcoins like terra luna and Ftx. Terra luna and Ftx are altcoins that went to 0 and it is a big fact that at the end of last year many of them became poor because they invested in altcoins.

So it's all up to them how they should act with their finances and that decision is something they should think about early.

I don't hate altcoins but altcoins have a greater level of risk than we think because in one hour or one day our assets become zero like ftx and terra luna. I think they should change their mindset to be more genius and just choose Bitcoin as a big asset in their portfolio. For example 98% for Bitcoin and only 2% for altcoins is quite a wise thing.

Huh? Altcoins was likely just a tool of investment and it's your responsibility if you invest your money in something you should know you have knowledge about, don't invest on things you don't know. If you lost access to your coins nor you invest at the top, the only thing to be blame was yourself, not the coins nor the people that says to you to FOMO in.

Only the greed of anyone who invested in other cryptos aside from Bitcoin should be blamed. At this point, it's clear that investment returns are no guaranteed and their centralized nature with an organization-like structure (CEO, team, Labs) make them a more riskier venture instead of investing in Bitcoin.

Altcoin are generally a high-risk high-reward kinda play and anyone indulging in them should know better rather than outright blame bitcoin.

And my own question is, should Bitcoin be blamed based on the hatred people have for altcoins? First understand that altcoins and Bitcoin are in the same family with the family name of “Cryptocurrency”. So, it isn’t unusual or necessarily wrong if one takes blame for the other. After all, it’s not one sided because some persons have “bad experience” with Bitcoin while some with altcoins. Unfortunately, it is majorly caused by FOMO and lack of understanding/information before participating in the investment.

Why?
I don't understand why there's a need to blame altcoins for that? Well, I don't like a lot of altcoins for some reasons and because they're not really shouldn't be in the market as they are scammy and dividing the people. But there's no blame for someone's loss to altcoins if they've chosen to invest on this market.

You win and get some profits from investing in Bitcoin and even it's the most suggested crypto of all. Doesn't mean that you're safe and you're not going to experience the harsh environment of this market because of its volatility. We're all going to have losses, paper losses and permanent losses but you choose what type of loss you will have because paper losses are temporary.

Why should we listen to what others say when we ourselves have discovered and known it? It's very simple: if you are the one who found the treasure, then you believe the person who is not in the place where you found the treasure.

Now, if you have found an altcoin that can really give you good earnings, and you have done research and study, and then you have proven to yourself that the potential is real, there is no reason for you to invest in these altcoins. The only difficult thing is that you invest without doing any research on it.

Some people sometimes generalize that crypto is Bitcoin. In fact, many people who experience losses in crypto are those who invest in fake altcoins projects, because of hype and so on. However, because of this, many people in the general public think that these people have lost their money in crypto, namely Bitcoin. For those who don't know and can't differentiate or don't know that crypto isn't just Bitcoin, then it's probably natural for me that when someone tells me about their big losses in crypto, the general person will think Bitcoin. But for people who already understand the existence of Bitcoin and altcoins, but they hate Bitcoin because of their losses in altcoins, this is a stupid thing, meaning that they become stupid because of the losses they experience and they close their eyes to the mistakes they themselves made and blame Bitcoin. It's not fair, but it happens sometimes or even often.

I don’t think we should blame altcoins here

Some altcoins have given investors huge profit this is because they did their research and approached altcoins carefully most investors need to know that bitcoin is different from altcoins and that bitcoin is in its another league that no altcoin have reached so far

in everything, there will always be misconceptions by the general public that members of one particular community will think of otherwise the same goes for bitcoin or cryptocurrency there are concepts that the general public might never understand because of the intricacies that only investors will understand this doesn’t mean we should put all the blame on to altcoins

Partly at least, but it's not as if these people were forced to invest in those altcoins. This world is full of scam. This world is full of misleading ads and fake promotions. The same is true with what you call as the cryptoverse. So, before doing anything else, they should have exerted sufficient effort to make sure they aren't falling to one of those. The responsibility was theirs. Were they greedy? Were they emotional? Were they unreasonable?

To somebody who has failed in altcoins and stayed away from Bitcoin because of that, he/she hasn't learned his/her lessons yet.

There are downsides to everything on the surface of the earth, if there exists no natural downside then there will be human psychological downside from abuse or something.

It is not for nothing that people are always asked to seek knowledge before adventuring into the space with their resources. I mean, who puts money in the dark these days.

Most of those people who have experienced the most are not different from those who haven't and I wouldn't blame them for it but all I can say is that there will be casualties and even more as we progress but that should not be on altcoins but human behaviour.

It is important to take responsibility for our investment decisions rather than pointing fingers at altcoins. Altcoins are simply alternative cryptocurrencies that offer investors different options beyond the popular Bitcoin. While some altcoins may be riskier than others, it is ultimately up to the investor to conduct thorough research and make informed decisions. Instead of blaming altcoins or Bitcoin, it is important to take ownership of our choices and learn from any mistakes made.

If someone blames Bitcoin for their own mistakes, it's their responsibility. Some people just want to blame others for their losses.

In my opinion, both bitcoin and altcoins are not at fault, the fault lies in our failure to restrain our greed. The funny thing is that many people want to make high profits but also want to be safe, they don't want to suffer losses so they will always blame everything if they do not achieve their greed.
Scam projects will never appear if we know how to control our greed, but unfortunately greed always exists in any of us. Bitcoin, altcoin, gold...all are just tools for us to make money, making or losing money is up to us, don't badmouth or criticize anyone just because of our incompetence or greed.

There is no other to blame but the one who invested. It's their fault for investing without enough knowledge.
I have remembered what happened before way back 2021 that there's an immediate increase of crypto investors which I believed that most of them entering crypto because of hype and didn't have enough knowledge. And after a couple of weeks that time, the price went down causes new investors to panic and sold their investment to a loss. What I learnt is that we are the ones who made the action, and we should receive the outcome.

For me, yes, the blame falls largely on Altcoin, as well as the central platforms, because they have caused a very bad reputation for Crypto. Ordinary people who do not know the difference between Bitcoin and Altcoin think that all the losses and disasters they hear about in the field of Crypto are because of Bitcoin.

I heard this personally from men of standing in society warning people against working in Bitcoin after the FTX incident. They think that Bitcoin is what caused people to lose their money, even though I tried to convince them that Bitcoin has nothing to do with the issue, but to no avail.

Why blame altcoins when it is an individual's inability to understand investing in cryptocurrency? When someone doesn't want to invest in Bitcoin either because his investment failed in Altcoins or he heard that many Altcoins are scams, it is his own fault.
If he at least understands cryptocurrency, not just casually investing, he will definitely understand that Bitcoin is different compared to Altcoin, and its potential is much higher.

Given that the majority of countries still restrict bitcoin and all cryptocurrency related activities, there are still those who are still investing, the reason most of them cannot invest, because their government declared it to be illegal in their country. It shouldn't be assumed that they refuse to follow the law, though there are still those who invest their money secretly without the aware of the governments. We need to learn from our mistakes and stop hating cryptocurrency because we tried one of the altcoins and failed. Even the altcoins i believe they know of the risk, they still go with investing, so we can't blame crypto for our failure. Instead, we must take responsibility for our own mistakes.

Since nobody chose the cryptocurrency we invested in, we should be well informed about what we are doing, especially when it comes to financial growth. Therefore, we cannot view bitcoin as being the same as altcoins, we cannot lose money in bitcoin investment except we did not keep our wallet safe. Nothing important comes easily, and we should be aware that when there is no pain, there is no gain.

Is altcoin blame fair? Consider that investments are risky, especially in cryptocurrency. The investor's strategy is key, not the asset. Many engage in crypto for big returns without proper diligence or risk management. Losses result from irresponsibility, not cryptocurrencies.

Bitcoin and altcoins should not be confused. Bitcoin, the pioneer, has unique traits and a larger market. The idea and technology differ greatly from most altcoins. Altcoin volatility can affect views, but Bitcoin's philosophy and long-term promise remain. Thus, altcoin concerns must be distinguished from Bitcoin's fundamentals and resilience.

The aversion to Bitcoin owing to altcoin losses shows a lack of crypto knowledge. Redefining perceptions requires educating potential investors about cryptocurrencies, risk management, and Bitcoin's unique identity.

A minority did proper research. Others just rode the hype wave hoping it would work out in the end. Sometimes it does, more often than not, it doesn't. New entrants in the market use the positive experiences of others to justify their risky investments, but completely neglecting the mountain of negative experiences, scams, exit scams, etc. It's those people who will later come crying and shouting that bitcoin is a scam.

There are certainly many people who are disappointed with Bitcoin, but there are also many people who feel the benefits of Bitcoin. It would be better for someone before investing in crypto to learn first about the risks that crypto poses, and if you don't want to take risks, it would be better not to enter the world of crypto. I think many of us here must have experienced losses, but for people who already know the knowledge about crypto, of course they won't give up and will of course learn from experience.

I think for people who invest in altcoins don't blame bitcoin when altcoin prices fall because of course altcoins and bitcoin are different. now we can see that today the price of BTC is starting to rise again after being in a bear market for a long time, while there are still many altcoins whose prices are still low, there are even altcoin prices that have been destroyed until now, and to be honest, I also still have altcoins whose prices are destroyed and at that time I bought it at a price of $6 per coin and now the price has become 0. But I don't mind that and in fact the bitter experience has made me more enthusiastic about correcting my mistakes in the past. I think in this case it comes down to each individual, so knowledge must be prioritized, learning from experience and only money that is ready to be lost is worth using to invest in crypto.

In my opinion, don't blame BTC because in my opinion until now the best crypto is Bitcoin.

Although altcoins cause a lot of bad reputation to the cryptocurrency market as well as affecting the reputation of bitcoin. But if you want to blame altcoins, you should first criticize those who invest in them with endless greed and laziness when they have no knowledge but want to get rich quickly. I mean, if there's no demand, how can there be supply? If people are not greedy and stay away from projects that promise interest rates of up to thousands of percent in a short time, those projects will not exist.

Besides, there are also some people who invested in bitcoin and also lost money and blamed it, but clearly, the fault here is theirs because they were greedy, lazy, refused to learn, and rushed into investing hastily.

In many cases, yeah. Altcoins have caused quite a few folks to incur losses, mainly due to the shady moves of a handful of developers who lack responsibility. I don't hate to altcoins, but when it comes to weighing the pros and cons between BTC and altcoins, the latter doesn't seem like a solid choice for my investment objectives when compared to BTC. Altcoins often run into issues when their developers opt for scamming investors' funds rather than optimizing their business models.

However, I'm not totally against altcoins. I keep a few in my wallet, and the purchases I make are for towards staying in the latest news in the altcoin space. Sure, you can keep tabs on altcoin news without actually owning it, but for some reason, my motivation isn't as strong if I'm not holding a few altcoins.

I don't know that its right to say altcoins directly can be blamed. I'd say it is more accurate to blame the fact that the average person doesn't have a clue about the difference between Bitcoin and Crypto, and they think getting random altcoins could be like buying Bitcoin back when it was cheap, but of course they are buying trash and so unless they got lucky they will ultimately lose money from buying altcoins.

It's an education issue. Everyone needs to be aware that Bitcoin and Crypto are two completely different things. That Bitcoin is money and that Crypto are a bunch of random tokens and startup apps with no promise of long term growth and are highly risky and whose main purpose is to trade in a high risk short term manner. That way the people who are looking to actually invest and grow their money would know to stick just to Bitcoin (and perhaps Ethereum too if they want), while the people just wanting to throw a bit of money at a lotto ticket and hope to get lucky can pick one of the thousands of altcoins to throw away some money at and play that game.

Anyway, the hate directed toward Bitcoin due to lack of education on the topic is much much larger than just people who have lost money on altcoins (or on Bitcoin) in the past.

There are also the people who hear Bitcoin uses a lot of energy and don't understand why or how that works so they just think its bad. There are the people who think Bitcoin's price appreciation is too good to be true so they hate it for going up so much and missing out on it and so they think it must be some sort of scam that will eventually end. There are people who don't understand what money is and think its just something the government makes and since Bitcoin isn't that they think Bitcoin must be some sort of fake money that is worthless. There are people who are just traditional investors and are so stuck in the mindset of traditional investments they can't even comprehend why Bitcoin is more valuable than stocks because they don't understand how to process the value of something if it doesn't fall strictly into the categories of traditional finance. Lots of reasons, all due to lack of information and misinformation about Bitcoin. The problems altcoins causes is only a little part of that, but it does kinda drag the optics of bitcoin down because people don't know any better than to associate Crypto with Bitcoin.

A lot of the reasons are just pushback due to just how successful bitcoin is. People simply don't understand how or why this new kind of money is so valuable so they just assume it isn't, which means they assume it's a bubble, and that it must ultimately crash to nothing. And that's got nothing to do with anything altcoins are doing. It's just a lack of understanding what Bitcoin is.

In as much as altcoins ruined their perspective of crypto, I think they're to blame for the loss they incurred. They were not forced to buy those altcoins. Some were persuaded and some didn't even need much convincing, and because they lacked understanding, they just dived head-first into it.
It's never advisable to invest in what you have no idea about. Some lost so much in Bitcoin and they left, do you also blame Bitcoin for that?
Crypto was preached to many of these people as the Messiah. A get-rich-quick scheme and that is where their failures started.

Despite how much I trust Bitcoin I don't just advise people to invest in Bitcoin, I try to make sure they understand what Bitcoin is. It doesn't mean they need to have all the technical knowledge of Bitcoin (even I don't have all the technical knowledge of Bitcoin) but they should understand how it works, what it is, and what it represents.

Ignorance should be blamed for this misconception. It is always necessary to do extensive research on anything before investing in it. Most of them are attracted to these altcoins because of the profits and they fail to read about what they are investing in. Some have argued that if Bitcoin was the only cryptocurrency people wouldn't have suffered so much losses due to scams. This might be correct but the crypto space is not regulated so any developer can just come up with any shitcoins and promote it for people to Invest in. So there is always a need to do research and learn.

Some of these altcoin developers should also be blamed for giving the crypto industry a bad reputation. They sometimes deceive investors to invest in some scam projects and when these investors lose funds it will be generally perceived that the entire sector is fake. If these investors know more, they will never relate or connect Bitcoin to any altcoins because Bitcoin is the only King.

Well, yes... a lot of people bought into the hype of some of these shitcoins and they burn their fingers. Every Alt coin investor are hoping to experience the rag to riches story that some early investors in Bitcoin experienced, when they bought bitcoins for a few cents and then the price went up to $60 000+ .....but sadly that seldom happens with any of these shitcoins.  :P

The major problem are people's greed..... and their thinking that each of these shitcoins are a get rich quick opportunity.  ::) So, when these shitcoins fail up to their expectations, they blame the coin... and not their own stupidity and greed.  :P

So pretty much you're asking if instead of blaming themselves, people prefer to blame something they decided to purchase? Of course! No one likes to admit that he did something wrong, it's easier to blame someone else or something else, they feel better that way. Admitting that we were wrong is not easy, for many people it's actually impossible.

They should blame themselves instead of blaming altcoins or Bitcoin. It's essential to know detailed information about where you are investing your money. It's your responsibility to check the tokenomics, the roadmap of a project, and every other possible thing. I am not into altcoin, but as you know, there is nothing better than Bitcoin at this moment.

Altcoins may give you quick profit (Even better than Bitcoin). But you have to pick the right coin, and no one would take the risk to suggest which altcoin to pick. Everyone should do their own research before they invest.

This is my point exactly.these people fail to understand what made them lost instead they attribute blames to same altcoins that some persons used to make profit or Bitcoin which had nothing to do with their loss

If we make a mistake and it is our fault, we should frankly admit it, that will help us know where we went wrong and find ways to fix it. As for the types of people who never admit they are wrong and like to blame everything, these types of people will never get better. Not only crypto market but any financial market will have scams, fraud... and if we only blame others and everything, we will always be losers in every game. I find admitting mistakes is not too difficult but you are right, many people cannot do that and to me they are failures.

People hate bitcoin or crypto in general not because they have suffered losses from altcoins, but because these people have no proper education about bitcoin and the crypto market. And I don't think the altcoins are to be blamed, but it should be the developers of altcoins because they're out to deceive those innocent people who's only aim is to experience high profitability. Although these people are also at fault because they hurriedly invest without doing thorough research and study.

DYOR is the key. There is no reason that we should spread hate to bitcoin or altcoins. But always chose to educate oneself so that future losses will be avoided or at least prevented.

Weird question. Why don't people blame themselves for poor investments and erroneous analysis of the cryptomarket situation? It's not altcoin's fault that clueless investors lost money. In your words there is a refocusing with the true and depth of the problem, which lies in the people themselves, and not in abstract altcoins.

There is no need to deal with blaming altcoins if losses have occurred in people’s lives associated with investing in this type of asset. You should judiciously analyze your mistakes and draw appropriate conclusions to prevent this from happening again.

This is exactly true.

Two examples a guy has 50,000 doge. he purchased them the morning that Musk was going on sat night live.

Paying 60 cents a coin or 30k.

He is still holding and is at 8 cents a coin or 4k basically 26k in the hole.

Or the second guy has  57000 doge purchased at six cents now worth around 8.4 cents.

One guy hate doge the other guy likes doge.


Second comparison
guy 1 grabbed  1 btc at 16 k nov 2022
guy 2 grabbed  1 btc at 69 k nov 2021


guy 1 loves btc
guy 2 hates btc

Mix your doge buy at 60 cents
with you btc buy at 16k


you will think doge fucked me I should have just purchased btc


mix you doge buy at 6 cents
with your btc buy at 69k

you will think btc fucked me.

Crypto currency market is a big market, we cannot blame another coin for failure of one coin. While some people have lost by investing in the cryptocurrency market at the wrong time, many people have also made good profits by investing in crypto currency at the right time. We cannot blame the crypto market or Bitcoin instead of correcting our mistake. First of all, before investing in any project, research about that project is very important.

It is human nature to hate a business that makes a loss, but in comparison, many people are making good profits from the same market. However, no coin can be compared to Bitcoin, as Bitcoin is the single most investable and reliable crypto. Instead of hating Bitcoin, we should hate our mistakes.

it shouldn't be, where bitcoin stands alone because it has the highest throne, if investors are wise then they will avoid altcoins which will give big losses, let's take the example of meme coins which are coins that make crypto bad in the eyes of the public, because meme coins are coins that rely on fomo and just hype, if the main coin collapses then the meme coins will disappear without a trace, so basically if you want to invest in altcoins you have to do research first for altcoin coins,  that are not in the top 10 CMC or even public

Perhaps, they could blame it for what they think it should, it was their opinion as well. But also, they have to blame themselves together for being too innocent from investing in shitcoins. We can't hold them from doing that because usually scammers use the name Bitcoin, and used known altcoins to trap greedy and no-how people.

We are already aware of such sentiment, someone could be blamed for their losses and it always happens because it was hard for them to accept and take the blame for their mistakes so they point others.

For those who don't like to invest in Bitcoin I would say that is their own subject. But I think there is no one who doesn't like Bitcoin. People's interest in Bitcoin is increasing day by day. My personal opinion is that investing in bitcoin is always better than investing in alt coins. I wouldn't say that investing in alt coins can't be done. But comparatively Bitcoin benefits are more available. Investment is done at the pace of one's own decision that one can definitely invest where one wants to invest. But what seems to me is that if we invest in wrong places we will surely suffer losses so we should all invest where we can benefit from investing.

Doge is also a meme, shiba is also a memecoin and they still exist today and thanks to them many people have become rich. In your opinion, are people who become rich by investing in doge or shiba stupid? In 2023 even though bear season is still raging and leaving many bitcoin investors unable to make significant profits. But in the market there appeared a memecoin project called PEPE and I bet you also know about it, it increased more than 1000 times and helped people make good profits, do you think they are idiots?

Altcoins are risky but that doesn't mean they are all scams. Just because you can't find the hidden gems, others won't either. Bitcoin is the safest investment and no one can deny that, but investing in altcoins is not as bad as you are saying.

I think in some way yes, with the way that the crypto market has come to, because if you look at most of the alt coins that are filling the market a bunch of them are just a scam made by opportunistic capatilists that their objective is just to make as much money from it rather than create something useful that solves issues or improve things, and this has been the case for a while now, and yet people still fall into thier trap and you see them investing thier money thinking that they will make a fortune only to be met with disappointment, and this act has given a bad reputation not only to altcoins but to the crypto currency in general, while bitcoin can not be viewed as the same way because of how large and decentrelized the market is making it uneasy to be manipulated.

In trading, it is better not to give in to emotions at all.

Blaming Bitcoin for the failure of altcoin investments or blaming altcoins for the hatred towards Bitcoin is like blaming a fork for a person's poor eating habits. The cryptocurrency market is rife with opportunities, but it also harbors risks. Those who invest without conducting thorough research and due diligence are more susceptible to falling prey to scams, inflated promises, and unrealistic expectations. When these investments fail, it's easy to lash out at Bitcoin, unfairly associating it with their own missteps.

Similarly, blaming altcoins for the animosity towards Bitcoin is equally misguided. Altcoins are distinct projects with their own merits and risks. Lumping them together and attributing Bitcoin's negative perception solely to their existence is an oversimplification that ignores the broader context of cryptocurrency adoption and education.

The responsibility for informed investment decisions lies solely with the individual. The blame for losses or negative perceptions should not be shifted onto technologies or other market participants. Instead, individuals should take ownership of their investment choices and acknowledge the role of their own knowledge, risk assessment, and decision-making in shaping their experiences.

I don't understand your question here it is so confusing, like first you talked about how and what might be the possible reasons for a person to hate BTC, and it might be legal restrictions or loss one person had made in BTC or he might have lost them all and now in frustration don't want to adopt BTC again. And in the last you said, should we blame altcoins because it has made those people hate BTC as they lost their funds in altcoins? What are you talking about?

I think you might want to be right, should we blame alt coin because it made people hate BTC because BTC made them a huge loss while alt did not so they love alt and hate BTC? Or you don't know the difference between alts coins and BTC yet, so you wrote them interchangeably? I don't know what might be the reason but to some level, I can give an answer.

This can't make a person technically hate BTC but in an emotional and general way it can, because hate is a feeling and it can be created by any means that directly impacts the emotions of the person via the heart. Like profit, which makes one joyful, and loss with make him sad, if a person is losing money in BTC it will make him sad and might make him hate BTC while at the same place, the same person making profit in alts then that person might prefer alts over BTC and might love alts over btc that's based on every individual experiences.

Shiba is not pow thus it is garbage.

Scrypt = POW it merge mines LTC+DOGE it is the second  biggest POW ALGO it earns 1.3 million per day for mining.

satoshi based all POW on Power makes the value.

If you believe in BTC and POW
You really need to believe on LTC/DOGE and POW

Not more complex than this.

They should blame themselves not some altcoins or other crypto currencies. They didn't do their "proper" research before investing in altcoins. Most of them that blames bitcoin and other crypto currencies are those that investing in Meme coins or coins that were "hyped". They invested in those pump and dump coins and was actually enjoying the ride. They got greedy, they went all in hoping they can get rich over night. But nope, instead they ended up getting scammed and losing all. And there were others that never knew about the risk/volatility of altcoins, yet they still went all in and "sold" when they shouldn't have. So no, they shouldn't blame the altcoins, but should accept their mistakes.

Although there are so many bunch of fake altcoins in the market but that does not mean that all altcoins are bad. We know that there are many cryptocurrencies in the market and investing in them is all about risk. Whatever cryptocurrencies we are trading or we want to invest in, we need to make sure that we don't put our money in crypto projects that has no value or good team that would keep supporting it and keeping it bullish. Cryptocurrency is profitable and if we know how to trade it, we can make good profits.

Yes, we still have some good altcoins in the market that are good for both long-term and short-term base, this is why we can't totally write off altcoins and call them to cheat just because we have a bunch of scam coins around and much more also we must have to sideline or differentiates Bitcoin from all of them all and make it clear on the alternative role of Bitcoin and how altcoins work to support Bitcoin in making a generally friendly cryptocurrency ecosystem.
A beginner should focus on Bitcoin much more than it focuses on altcoins, no matter what the short-term gains of those altcoins may be.

Many have invested in Bitcoin or altcoins more or less since they came into the crypto space. There are two types of people, some people invest in Bitcoin and hold it. There are some people who get lured by the boom of altcoins and lose everything after investing in altcoins. A lot of people leave the cryptocurrency space, who is at fault, Altcoin or Bitcoin. When you try to get something through a medium, if you don't get it, it's natural to blame the medium, but we never say it's my fault. You never expect it to be sweet after knowing it's bitter and sour. Basically when investing, do your own research, understand market dynamics, and prepare properly to defend yourself. Altcoins are not a blemish or anathema, whether or not they match your moral progress and investment goals.

You can’t blame alts for the losses you suffered. Eth used to be a small altcoin too but look how it did. Some of those alts will become like eth in the future. The problem is, how are we going to identify them good projects? The first time I saw eth, it was $9. People made fun of it, called it a shitcoin. Me too did the same thing. But eth didn’t go away. It went up and up and up along with btc. People buy alts to find the next eth. It is not an easy task since most of those alts fail lately however, a wise man once said:

“You can never win if you buy no tickets.”

Bitcoin is the leading cryptocurrency, and often I have seen haters blame Bitcoin, not Altcoin. They always target Bitcoin rather than altcoins. It's true that most of the investors lost funds from the altcoin investment. But since Bitcoin has been ruling the crypto industry, everyone actually blames Bitcoin. You can't convince haters ever. They will always present an excuse against Bitcoin. If you ask me, then I would like to blame altcoins for such losses. A few altcoins even never reached back to ATH. I have lost a lot from Altcoin as well.

why should we blame altcoin?  altcoins remain circulating in the market, so many people will see which asset is better, whether bitcoin or altcoins.  Bitcoin is a crypto asset that is impossible for altcoins to shift even though they claim that the altcoins that have emerged are the best in terms of speed, fees, and so on, but remember that only Bitcoin is a truly decentralized asset and is far from manipulation.  most of the altcoins that appear are only created to take a little of the market away from bitcoin, bitcoin will still be at the top.

Blaming Bitcoin or other top altcoins or criticizing them due to financial losses is unwarranted. Investors should primarily hold themselves accountable. Despite the presence of Bitcoin, considered a secure & the best investment in the market, and other top altcoins, they chose scam altcoin projects or hype coins. Also, due to their weak understanding and insufficient experience gained during their substantial investments, they failed to conduct adequate research and assess their ability to withstand losses. Even those who lost access to their Bitcoin wallets or sold Bitcoin at low prices must bear the consequences of their mistakes. This field truly requires experience, analytical skills, and patience. Without these points, all cryptocurrencies might not be trustworthy or suitable for them.

 A friend of mine invested in Bitcoin in 2018 and lost out to the bear market as of that time and for the fear that he would lost everything made him to sell all the the coins in the bear market which was below the time he bought the coins and abandoned the idea of investing again. And last month he came to my house and so me doing Bitcoin activities and he told me his story and I encouraged him to restart the investment again and he started and now he is very happy that he has started again.

You don't have to blame altcoins but the person. Before you invest in any cryptocurrency, the first thing to do is to understand the coin. How long has it been in the ecosystem and the population of the coin and the duration of the coin in the nearest future

Government doesn not have any restriction against bitcoin or cryptocurrency, they only refused to support it's adoption because they believed its been used for illegal activities, yet part of those that also blame bitcoin for this never take time to have the knowledge about bitcoin and why it was created, they have been deeply brainwashed by the way the fiat economy works and they don't want to take risk in trying out something new.

People hate Bitcoin for all kinds of irrational reasons. Getting scammed with altcoins could be just one of many reasons. People are complex and it isn't always as simple as blaming a scammy altcoin. When you have the media and politicians propagandizing against Bitcoin it can be hard to convince people of its benefits. Educating users on Bitcoin, as difficult as it may be, is more useful than just pointing blame to something you don't like.

Due to people's ignorance and greed, they prioritize altcoins over bitcoin because they think these altcoins have higher potentials to provide them quick and massive profits, without knowing that they will only end up with unexpected huge losses. And even if they do research over these too good to be altcoins, there are still high chances that they can't avoid from losing, so bitcoin should have been the best coin to invest instead of falling into altcoins.

However, no matter what people may say about their experience about altcoins, its not reasonable that they will put all the blame to altcoins. People should not tolerate their own wrong thinking, and they should fix their mindset first before they come to invest in crypto space, because even if they invest into bitcoin with their greed, they won't still be in profits in the end.

OP: In this type of "trick" conjectures, it to take the discussion to a non-existent ground in the reality of your context, they are "pots of smoke", you are selling falsified ideas in misinformation.
The information is very clear about what it is bitcoin, and those who are the Alts, one should not think of "hating" something for the simple fact of the positions/assumptions of third parties.

My advice, stay informed and act according to that idea and not misinformation or the sale of truncated ideas.

If anything should be blamed at all, it's supposed to be Cryptocurrency as a whole, of which Bitcoin is among them. With all your narrations, there were specific issues that Bitcoin was the actual name called out by the narrator, what about that? We can't always exonerate Bitcoin and blame other altcoins alone if we will be fair. Some scammers have used Bitcoin to defraud just like altcoins, people have lost their investment in Bitcoin during bearish seasons, and if a country bans cryptocurrency and one way or another people lose money, won't they lose their Bitcoin if all accesses were blocked as well? So, it's all of them altogether.

But for the latest nuisance caused by new project developers, they are making altcoins to be blamed the more. Still, it's not about altcoins itself, it's about the failed projects that people invested their money in. Some altcoins are still absolved of all balmes till now, should we also blame them? As long as people are trying to remove Bitcoin from cryptocurrencies when there is a fault to blame, people should also be specific about removing other good projects from altcoins to blame and directly blame a particular altcoin that is worth blaming.

It's not fair to blame all for the crime of some who are in most cases failed projects.

Despite of the losses we have encountered in the crypto space, I think its still not valid to blame altcoins why we are suffering from losses. We should have asked ourselves first if we are actually ready to invest, if we have actually gained sufficient knowledge before we decide to conquer the crypto space and trust more altcoins than bitcoin. The answer to these questions will determine the reason why we end up losing, and not because altcoins have scam us because of their selfish developers.

We know from the start that the crypto space is risky and dangerous, that's why practicing with caution is a must. But since we are greedy to make money, so those losses actually happen for a reason, and that is to teach us lessons and learn from them so we won't be repeating the same mistakes again.

Altcoin shouldn't be blamed for something where it doesn't have any role to play, I would say those who hate crypto in general are due to some or the other bad experience and to be honest more than those who regret selling Bitcoin for peanuts or those who lost access it's those who have lost huge amount while trading or invested during the bull run at its peak and ended up selling during bearish by incurring loss. I am telling this with my personal experience I have felt vulnerable and kinda started hating crypto for a while when my asset got struck at low value and shot up a while after I had sold them or loss. Altcoin or Bitcoin it depends on person's experience.

Only those users who didn't have much to explain and didn't have easy information about the trading are mostly taking against or about these experiences even they have made loss many times.

If a trader who made good profit with bitcoin he never talk against the bitcoin and same in the case with altcoin if those trader who buy and hold altcoin will never talk against any of the altcoin unless it gives them a loss.

In part I think shitcoins are indeed to blame for what happened to those people, but at the same time if those people want to blame someone for their losses they need to blame themselves, as if they did not believe themselves to be incredible investors that could somehow beat the odds despite our warnings then they will not be in that situation at all, but they believed they knew better and now they are just trying to find someone or something to blame instead of blaming themselves about what happened.

Logically I don't think it will enter because however from the beginning everything is up to us. When we want to be in bitcoin but instead are hooked on the presence of altcoins that do show extraordinary increases due to unreasonable pumps and when we enter it is precisely the trap that makes us unable to get out because the price decreases dramatically which makes us feel cheated and assume all crypto including bitcoin is a scam. is it the fault of bitcoin or altcoin? of course the answer is no because after all what is wrong is ourselves who are unable to resist the greed we have that makes us fall the wrong way.
Whereas if we learn seriously and know the risks that will be faced like what before of course we will be careful but because we only focus on the benefits we have because the assumption is that being in crypto is a way to get rich instantly then don't blame bitcoin or altcoin but blame ourselves who only expect things that aren't but don't want to explore the knowledge first.

Most of the time, one fails and suffer the consequences because of wrong decision making or by not trying to take the risk early. Not all altcoins are causing us to lose, some are even offering us slight but consistent profits. It's just a matter of doing through research so we will be aware on what coins to invest and what are those coins that we need to avoid investing. With altcoins, majority of the people still decide to invest but with caution this time.

Although the altcoin market is the playground of scammers, but I think blaming the altcoins in general for putting a bad reputation even on bitcoin is not reasonable enough. The fault is not actually on altcoins, but it's on the people who decide to invest and fall on the trap that altcoins can give quick and higher profits.

Users who had understood well about cryptocurrency will not blame altcoins or take any other second view. The responsibility is to focus on the market and achieve the best out of it. Not everyone is able to be successful out of cryptocurrency. People who hadn't succeeded investing into altcoins will blame it. This isn't fair, because there are people who had made themselves millionaire through altcoins. There are altcoins that provides with high rate of interest, it is our knowledge that finds it among the crowd.

They should blame themselves instead of blaming the entire market. Besides, the results of their doings are what they have ripped off and it was losses from investing shitcoins. Yes, if we know how to choose coins for investment, I don't think there is someone who will fall into big losses and regrets but unfortunately, many we're still blind and have no knowledge of how this works which leads them to invest in worthless projects. I can feel their sentiment but they have accepted the fact that every mistake will make us lose our money instantly.

If we talk about technology, safety level...then Shiba is really trash because it has no utility or safety as it is just POS. But what I am talking about here is profit because we are here to seek profit, not just to seek technology. So, it would be incorrect to say that altcoins, memecoins are trash and useless even in terms of profit. Shiba, doge and many other altcoins have grown thousands of times, bringing profits to many investors. How can we say they are completely useless? They are useless in terms of technology and utility, but in terms of profit, that is not true. I believe that doge and shiba will continue to grow and bring great profits in the next bull season.

I don't think there's a need to? I'm pretty sure anyone who does simply doesn't understand how investing works in the first place or is just that bitter about his investment loss a couple of years back. While I would also place blame on altcoins that were intentionally made to scam people, investors who still went ahead without prior research are also to blame themselves. Being scammed is rather different from being ignorant and while the investment trade isn't exactly a place where scams are allowed, we all know how it really goes.

I'd much rather pity someone who got scammed by an emergency call than a person who invested in a shitcoin and started blaming others really. The former doesn't know jack, while the latter may not know it all, they at least know what they entered.

Of course those people will never improve: if you have that kind of mentality you'll keep thinking that the whole world is against you, that if you fail it's not because you lack in experience and/or capacities but because someone is against you and doesn't want you to succeed. And usually those people just keep complaining with others and hope they fail as well.

They couldn't help to blame themselves since they would be guilty of having a bad decision in the crypto industry, which is why some of them would say that the market is sht. We can actually say that shtcoin or altcoins have random volatility which causes the investors to have wrong calls in the market, but if you are a smart investor, you would know how to take advantage of the shitcoins as they are not literally for long-term investment as you can earn a quick profit, but of course, it's not that high amount. The thing is, whenever they experience losses in the process, they take it badly and won't learn from their mistakes. Be smart, and do your own research into some worthy projects cause the internet there's a lot of hyped projects that can easily attract people but literally trash, that is why you would need to do some research first before investing your money.

I get why some peeps aren't into investing in Bitcoin, everyone's different.  But seems like interest keeps growing - can't blame people for being curious and  personally Id tell my friends Bitcoin over random alt coins any day.  Not that some alt coins don't have potential but Bitcoin just feels more solid. Course if you wanna speculate and take some risks, maybe higher rewards with the smaller cryptos.  But as a safe bet stick with the big dog.  Even throwing a bit of cash Bitcoin's way here and there can add up over time.  Thats my two cents anyway.

The blame should be pointed out to the trader themselves for ignorance on the real essence of trading. They will never suffer huge loss if they will not invest big regardless of altcoin since trading is just competing with other traders for better buy and sell price. Even without the existence of altcoin, There’s still a lot of users that will blame Bitcoin for their losses since there’s no way everyone will be in profit in trading.

They should blame themselves for not being prepared and educated on the risk associated by trading instead of blaming it to the token that they trading by themselves wothout anyone forcing them to purchase it

Such a mentality is a disorder that makes his social life also influential and always suspicious of what others do.
Does not accept when he loses or suffers losses and says that anyone is sabotaging.

When in fact there is nothing to blame, When the loss in trading is not due to the altcoin chosen, but it is one's own fault.
If we as traders are smarter, then we can get past these mistakes.

Yes, even without altcoins, some people will blame bitcoin if their investments lose money. In my opinion, this is not the fault of bitcoin or altcoins but the fault of traders, who are knowledgeable. But the funny thing is that there are quite a few comments trying to blame altcoins when it was their greed that caused them to lose money. Because if they weren't greedy and didn't invest in altcoins they would never lose money.

I don't understand why people like to blame Altcoin, centralized exchanges every time they lose money? Because if they stay away from them, they will never experience any damage.

We cannot blame bitcoin or altcoins but its our faults that we failed to get profit from it therefore blaming an asset does not create any sense. I think if a person knows basic things and familiar with using accurate strategies on right time then he cannot say about crypto that it is not trustworthy.

Bitcoin is a solely coin that doesn't give loss to its users so when they loss money due to their carelessness then they should agree to receive their mistakes instead of putting all responsibility on bitcoin. In altcoins we can say that all of them are not able to give its holders profit because they dies after some time so users can blame altcoins but also there are some mistakes of crypto users as they don't investigate deeply but buy unknown coins. Get a complete knowledge is needed for attaining good revenue instead of blaming altcoin or bitcoin.

Yes, it brings also to being over suspicious, thinking that there always is some kind of plan against them. I have a few friends like that, the worst thing is that they don't want to realize what their problem is even when you actually explain it to them and you tell them that you made the same type of mistake in the past (I'm talking about buying shitcoins and losing money). Some people just don't realize how ridiculous is the simple idea that there is someone out there, waiting for you to make a move, and then somehow scam you.

People should be blamed by their bad decisions, not altcoins. There have always been lots of experienced crypto investors and enthusiasts telling people to invest the biggest portion of their crypto funds in BTC and to be very careful with altcoins, due to them being much more volatile and having usually a short lifetime inside the industry, but people are stubborn and don't listen to the advices, going ahead on their greediness expecting to grow their funds into x100 or x1000 overnight. Then once they are scammed, they start complaining and blaming altcoins for that...

In my opinion it's just an excuse to not take responsability for their own mistakes. It's always the fault of someone or something else, but never theirs, what is a pitty, since it never contributes for their own personal growment as stronger and wiser individuals.

In fact, there are many currencies that are useful and perform a function in the system in which it was built. But given the huge number of cryptocurrencies, it can be said that the number of useful currencies is very small and almost negligible. Any currency must have a function that determines its market value, otherwise it will not be a safe investment tool.
It is not possible to say that these currencies are a necessary evil, but rather everything that happens because of these currencies are experiments in the development stages. It is an empty market and it is not easy for any project that includes a cryptocurrency in its system to prove its importance in maintain the system.

There are many immature people in this world, I am not surprised by this phenomenon, but as far as I know, people like this don't affect anything with the crypto, because many people out there like the crypto than hate it. So let it pass, what important now is they cannot influence who believe crypto long time ago. as we look now, Crypto prices is still keep rising and many people are increasingly interested in buying it. so if indeed hated it, bitcoin and altcoin was dead a long time ago, in fact today more growing up and maybe rising multiple time when many country adopt it. So, no one is to blame, they just can't play like us and are jealous of development.

Why will they blame altcoins in business? You have to take a risk, and you will go with a two-minute set, whether you lose or gain, so they lose. Why are they going to blame altcoins? It doesn’t make sense to me. However, they also did not invest what they could afford to lose by then due to greed and high expectations of profit. So this set of people think bitcoin will also go the same way for them; they don't think they are the ones to blame themselves, and that is why they hate bitcoin, which is not the case; they don’t have the knowledge of bitcoin, so I think they hate it because they lack the knowledge. Even though their first experience in crypto investment contributed, they will learn and research bitcoin.


Yes. Peace of mind over everything, man Bitcoin has less risk, although there are other altcoins that are also doing well, but seriously, bitcoin is different in terms of peace of mind. When someone invests in bitcoin, you don’t have to worry about it; just leave the funds there, and with time it will grow. Unlike altcoin, you may think of crashing or losing your funds in the sense that they may disappear at any moment, which is impossible in bitcoin. So anybody who invests in bitcoin cannot panic or lose unless they can’t cope with how the system is moving.

Correct , most of them are blaming the market because of their own stupidity and mistakes in life.and mistakes in their expectation as they did not work to learn and add knowledge first instead they have already believed what they even heard and followed.
also they have been in the market purely to earn and that is their main mistake because they did not know that this is a two way market and not just solely for profiting but to use as currency.
no one or nothing to be blamed  but themselves  because  though there are lots of promise from the team yet this is their decision to make and it is their money that involves .

"Blame should be for them, For Not trusting Bitcoin instead" because majority if not all altcoins are BS and scam .

I think that people are naturally wary of Altcoins given that they’ve been burned and that’s mostly due to the scams and their volatile nature. If judged incorrectly there is a potential to lose a lot of money. But just like with gambling there is a lot to gain as well. Historically we can see that while people can lose with Altcoins, they can gain a lot more with the right investment strategy. Especially during a bull-run or pre bull run. I for example have been rebalancing my portfolio investing in bitcoin and altcoins and I’ve managed to exceed even bitcoins profit these last few months.
I personally don’t believe they should be blamed. It’s the market and with the right strategy you could make plenty as long as you invest carefully. They’re a resource and there is no point in hating the resource.

+1 in here mate , you should learn from those mistakes or unless they are a true weak and surrendering
and not  willing to really learn but only to earn speedy and I hate those people that only blame those things that did not bring them
what they wanted instead of using it to learn a lesson.

No mate and will never , Bitcoin nor altcoins are coins so what are they to be blame? does those coins acting for us? or we are acting for those?
altcoins and bitcoin are not to blame but Humans.

When you decide to invest in crypto , there is no force from anyone or anything but you .

You are the one who seeks for places to bring you profits and that is why you entered this market not knowing deeply about the risk and the possible reverse turn out choosing the wrong investment.

So for me , Nothing to be blame but your goal and interest , you should have ask this forum first or at least dig deeper towards crypto market.

so either Bitcoin , Altcoin or fiat? it is nothing to do with your losses, because it is you that will make your future.

Just Invest in bitcoin if you want the safer and best one.

We can't blame them either because they don't even understand how the market works. If these people just know that these altcoins are worthless, they surely don't waste their money buying them but unfortunately, they don't have enough knowledge that help them decide which is why they fall into the wrong investment. It was not surprising anyway in the sense that many people have invested in crypto, particularly in altcoins because of the influence of social media and they taught that these influencers really know crypto.

You make a good point about Bitcoin and altcoins being blamed for investment failures. Remember that investing in cryptocurrencies, like any financial activity, is risky and requires personal responsibility. We must stress the relevance of bitcoin investment knowledge and strategy. Bitcoin may be a stable asset, but investor hastiness or ignorance might lead to losses. Altcoins vary in stability and endurance, but they demand knowledge and deliberate investment. The user's ability to navigate cryptocurrency's complicated, developing ecosystem matters more than the assets' inherent worth. Not simply possessions, but informed choices and personal responsibility determine success in this arena.

Even though Bitcoin is already trusted and arguably has better fundamentals than many altcoins, investing in Bitcoin still requires skill. The market remains volatile with no guarantee of success for anyone, so every move should be based on a well thought out strategy and calculations.

---

It's true that the responsibility for losses in the cryptocurrency world ultimately falls on the individual, as it's about anticipating the conditions of the crypto market. Rather than guaranteeing that investing in Bitcoin is safer and better, my best practice is to advocate for learning techniques like DCA or weekly/monthly to accumulating BTC . Or if you feel confidence, buy the dip is another one strategy to do. Just discuss what you need to know in this forum.

https://dcabtc.com/ >> simulation if you do DCA from the past

A Complete Guide for Cryptocurrency Newbies "The Best Way Of DCA" (https://bitcointalk.org/index.php?topic=5470435.msg62999251#msg62999251.html) >> thread from Bitcointalk about DCA guide

As new crypto investor I believe the major point of interest should be investing in Bitcoin personally I knew bitcoin first thereafter other altcoins, investors who blamed Bitcoin for there misdemeanour weren't fair enough as new crypto investor the major point of interest should be Bitcoin this should be based on it past records it's obvious investors of Bitcoin who bought at lower price that is when it was in bearish run always having the opportunity of earning decent profits whenever it price peaked thereafter dump again and the cycle continue next Bullrun is next year during halving another opportunity for investors to cash out some profits all these is synonymous with Bitcoin because a sure profit is guaranteed unlike new investors who never study nor research on altcoin just invested blindly are now hating Bitcoin.

This happens a lot, sometimes when people experience losses they blame other people and even consider the coins to be fraud even though what actually happened was purely our own fault because we were mentally unstable so we made the wrong decision. So it is important as a trader or investor to have a stable mentality and healthy psychology.

Yes I agree. A successful person will definitely use their mistakes as experiences in the future, not even Atlcoin who is blamed. Because there are so many altcoins that have good and solid fundamentals. It's just that we have to be smart in choosing it and know when is the right moment to buy and sell.

I don't know why so many people hate altcoins, but if they hate crypto because of the losses they experienced on the altcoins they invested in, then I don't think that's a wise thing. As we know, investment is a risky thing, especially for crypto. If these people looked for information before investing in crypto, I'm sure they would find lots of warnings that this is a very risky investment, therefore they would be pressured to look for information and do in-depth research.
When they suffer a big loss, they should be ready for it. I think, when they hate crypto or bitcoin for reasons like that, then I feel that they are just looking for a place to get angry because the investments they made resulted in losses, and, that is not a wise thing.

I don't think you should hold altcoins responsible for your ideas not working out the way you had intended. Recognize that prior to making an investment, someone must possess the necessary knowledge about the business you wish to start. Anyone who has invested in altcoins after seeing Bitcoin and choosing not to buy it, in my opinion, is doing so because they value altcoins more than Bitcoin. Because no one forced you to invest in altcoins, you didn't have to blame altcoins if they later turn to scam project, instead, you had to blame yourself for choosing the wrong altcoins.

It appears to me that virtually no cryptocurrency has potential, and those that do aren't comparable to Bitcoin. With minimal risk, Bitcoin is currently the best investment in the cryptocurrency market, having shown us its strength over time. Indeed, a few altcoins that showed promise a few years ago are now down and nowhere to be found. As a result, if you wish to invest in the cryptocurrency space, buy Bitcoin as it carries less risk. However, you should only ever invest money that you can afford to lose.

Investing in Bitcoin never incurs such losses but rather profits, but investing in altcoins is a fool's errand. A person who invests in altcoins for a long period of time can never be a wise person rather he sets out to invest in that place only to lose his money. People who buy altcoins can never profit in the future although there are some coins that give more profits in a short period of time but it is always high risk. It is better to invest in bitcoins to protect your money as you can face losses and lose money at any time. Bitcoin is always the best project for long-term and short-term investment, in an implementation we all know most people prefer Bitcoin transactions. That's why you invest avoid altcoin investment it will be risk free for your money and you can profit.

There are many people who invest in Bitcoin who have no skills and no deep knowledge of it, because others only invest in it because of what they hear that is positive about it. Let's face it: in short, only those who are really hyped.

Today, there are also people who are able to invest in Bitcoin because they also have a deep knowledge of it and a wide knowledge of the trading industry in the crypto space, to be honest.

Of course you can't blame BTC because Altcoins and BTC are different. Indeed, many altcoins attract traders who are greedy and only chase multiple profits so that many of them end up with losses, but this doesn't mean they have to hate BTC, this is all because of their own fault for not understanding deeply the Atlcoin they invested in.

And usually people who blame BTC are usually lay people or people who are new to the world of crypto. For those who have known about crypto for a long time, they are wise in assessing things, and of course their investment choices still prioritize BTC investment because BTC is the coin of the future, we will not suffer any losses as long as we keep holding it.

If an investor loses money due to some mistake of his own, then he should not blame his Bitcoin or any other crypto currency for that mistake. If you don't know enough about investing, but if you are trading futures with maximum risk, is it safe for you? There are many investors who see the profit of others and invest good amount of money in various altcoins in the market which have very low market volume. Low market volume means people trust that coin less and people are buying and selling a lot of that coin but if you invest huge amount of money in that coin without understanding everything and lose money and later blame the crypto currency then that is a wrong move for you.

At the beginning of investment first select good quality coins then invest in those coins hope crypto currency will give you good things.

The reason why a person hates a particuar thing doesn't change the solution the particular thing offers, in this case, altcoins.

It is said that if one man drowns in the water, it doesn't stop the next man going to the water from fetching it. People have different experiences even in the conventional world.

Ponzi scheme for instance, create millionaires and also causes people to loose money. It still doesn't change its modus operandi irrespective of the hate, same as altcoins.

Hate it all you want, it is still Altcoin.

The answer depends on individual perspectives; blaming altcoins may be valid for those who suffered losses, but others may attribute it to personal investment decisions.

I think it would be wrong if people who have suffered are blaming altcoins. Wherever we invest, be it Bitcoin or Altcoin, our own strategy can bring us profit or loss. There may be some altcoins that have hurt people or that have had their value drop due to project failure, but they will be few and far between.

In comparison, there are many altcoins that have given people a huge profit, but the difference is that people who bought at the right time have made good profits. So sometimes it is our own fault that makes us lose and we blame it on that investment or trade. One should always remember that a good choice and a good entry can give us good profit and wrong time entry always leads to loss.

@op, altcoins aren't to be blamed for anything, bitcoin was never meant to be the only cryptocurrency that will exist, else, there wouldn't have been other crypto currencies we all refer to as altcoins today, and besides, altcoins have been a blessing and a life saver to bitcoin far more than any of us can ever imagine, why did I say this? I will explain below.

Think about all the altcoins we have today, think about all the number of transactions they pull and confirm every seconds of the minutes and hours of the day, now, imagine what the bitcoin network would have been like right now, if all of this transactions were carried out only through bitcoin, by now, I believe that, to send maybe like $5 worth of bitcoin, you possible may likely have to pay up to $100 or more in transaction fees, and you may still have to wait for like days before you get a confirmation due to the hundred of millions, if not billions of transactions waiting on the list.

Altcoins to me are more of a blessing to the welfare of the bitcoin network, other than something to be blamed for those who gave up on crypto because of one misfortune or the other.

Any losses made by people to altcoin is due to their own mistakes and poor information, because with the right amount of information, they would have known that investment in altcoins is even more risky than investment in bitcoins. What has likely lured more people to invest in altcoins instead of bitcoins is that they must have reasoned that they were already late to investing in bitcoins to make profit, so they chose altcoins thinking they will be able to profit from it. In their focus to profit from cryptocurrency, they make the wrong investments.

There is both winning and losing in investing. Everyone who invests should know this. Everyone should do research and know the dynamics of the market when making investment decisions. It would not be right to blame BTC because comparing BTC with an altcoin would not be a correct comparison.

As you spend time in the market, some things can be interpreted better. You are right that we will not suffer any losses as long as we continue to hold Bitcoin.

My straightforward answer to that question is that individuals should blame themselves because instead of researching and building knowledge,  they were busy looking for quick profits which landed them on the path of shitcoins that were just pump-and-dump scams, this incident has affected those set-of people on a bad way to the point that, some of them now view assets like bitcoin as a scam because of their low level of knowledge and that is something that we all have to enlighten them on and to see how we can educate others on the risk of investment on altcoins.
Alot needs to be done to educate the general public on the benefits of blockchain-based assets, such as Bitcoin which is seen as the digital gold, and we should refrain from the fake assumptions that cryptocurrency is a scam due to the bad experience of some set of people.

We can not explain the reason while some people in different countries is afraid of bitcoin, I know quite well that what makes people to be afraid of bitcoin is the information they acquired from people who is against bitcoin, I know quite well from the initial that while people is afraid of bitcoin is because government is against the development of bitcoin starting from the day one bitcoin is been introduced so we can not blame them because they ignorant of bitcoin, so I believe that the major objective while bitcoin is existing today is because is a decentralized kind of exchange.

Most probably, past experiences also made people to hate bitcoin as well. But I think the most reason why people turns hatred into bitcoin because of the wrong impression they have with bitcoin. The government made them believed that bitcoin is nothing but a ponzi scheme and is here to as a tool for criminals. And here comes these people who easily believe without doing DYOR, so they end up hating bitcoin and missed the opportunities that they can benefit from it, due to wrong assumptions that will made them regret definitely in the future.

I don't think so, altcoins and bitcoins are two entirely separate entities in the world of crypto investing. They are not comparable. An investor can't have their investment made in altcoin and they lose to it, they now begin to blame bitcoin for the loss of their altcoin investment. Where is it done, that one loses to something(altcoin) out of their own mistake, and they begin to blame the other(bitcoin) just because they share the same space? That's unreasonable

The question is not about real use cases that the government is against - but the OP's question is:

---

In my opinion - altcoin and bitcoin have their own user base in the crypto industry. I'm not sure if either of the two is to blame - but both have a correlation to the growth of the crypto industry so far. Each has its own assumptions and shares its opinions - I don't blame altcoins and bitcoin either, it's because the purpose for which they were created is different.

When going into any form of Investment there a crucial key areas to pay attention which are scalability, trust and sustainability and you can find all of this with bitcoin when outsourcing for a cryptocurrency to invest on that's why bitcoin is the only coin to comfortably recommend to a new investor any time and day. What's required is patient/time and knowledge and you're on the go for a sure profit. This is the confidence that's lacking of altcoins.