The Truth Behind New Altcoins

[spartak_t]

I'd say that about 15-20 coins can be considered as "good".

[electronicash]

True, but there are some if you can wade through all the rubbish that do have something to offer, but definitely nowadays if you have been around for a while you can tell a scam straight off.

definitely just when you read the ANN thread and if it sound too good to be true or something is fishy like no escrow and the team aren't showing faces then its just a sign. but there are some who really are bold enough to show their social media profiles yet end up being a scam still.

its not worth suing them nor going to their country and find out who they are too.. so the best way is to just avoid them.

[MairaObergh]

If you're new to these forums and think this place is legit...

I will tell you this.

96% Of any of the new coins, including many of the repped ones, are a few groups of thieves who produce and dump code where they alter some non-important piece of code that they describe in confusing terms to make the coin look good.

They attract new users who have not learned about this scam into paying them even before a coin launches.  They build up some btc from the release, keeping coins and investments, then just disappear.  You will see a mysterious new user post an alt coin days later that happens to be from the same group of people.

DO NOT FALL FOR THIS. ITS ALL BS.  There's a handful of actual legit coins the rest are either 100% scams or are simply dumped later on.

ALSO WHO THE HECK RUNS THIS FORUM?

IF YOU HAPPEN TO LOAD THIS UP ON TOR BROWSER YOULL NOTICE THIEVES USING THE TOR IP's WITH BANNED ACCOUNTS.  MAKES SENSE BUT YOULL ALSO NOTICE
THE FORUM OPERATORS WILL UNBAN THIEVES IF YOU PAY THEM IN BITCOIN.
??

The sad faces at the end. What were some of the coins that you invested in that made you make this thread?

[serjent05]

This is pretty obvious, altcoins are a joke and ruin Bitcoin and what it stands for. Just stay away.

Not all are a joke , there is some altcoin that has better coding than bitcoin FYI.  And altcoin somehow helps attract more people than bitcoin advertisers because all these altcoins require BTC to be purchased.  Without these altcoins, bitcoin market is lonely with just x currency to BTC pair  

[BitcoinNational]

This is pretty obvious, altcoins are a joke and ruin Bitcoin and what it stands for. Just stay away.

Not all are a joke , there is some altcoin that has better coding than bitcoin FYI.  And altcoin somehow helps attract more people than bitcoin advertisers because all these altcoins require BTC to be purchased.  Without these altcoins, bitcoin market is lonely with just x currency to BTC pair  

and now the Truth is revealed

[0day]

I believe on those altcoins which have some purpose and have a market for its demand with some services with that coin. and do not invest in those coins which do not have any purpose like with which the developers do not provide any market so that we use that coin to buy any service or any good.

[Spoetnik]

True, but there are some if you can wade through all the rubbish that do have something to offer, but definitely nowadays if you have been around for a while you can tell a scam straight off.

What like ETHEREUM and how i posted a SCAM topic on it in 2014 ?
They were exposed on Launch so uhhhhhhhhhhhhhh when do you "spot it" ?

You are frauds.

[Snorek]

We all know that new coins are created with one intention. To pump and dump and get rich fast. We are not discovering America here.

I am shocked that some people here still believe that new coins serve some purpose other than speculation (sure they are advertised and new bitcoin killer etc.)

Now imagine, that all these people working on altcoins would join bitcoin hype train instead. Instead of wasting time and effort on creating something significant, again.

[danherbias07]

We all know that new coins are created with one intention. To pump and dump and get rich fast. We are not discovering America here.

I am shocked that some people here still believe that new coins serve some purpose other than speculation (sure they are advertised and new bitcoin killer etc.)

Now imagine, that all these people working on altcoins would join bitcoin hype train instead. Instead of wasting time and effort on creating something significant, again.

Yeah those threads that they are comparing this alts too bitcoin or the worst part is they want to change it to an alt which are all just meant for the owner to just rob at some people. Thag is why many analyst got shocked why coinbase would accept ETH at the first place. They lost a lot of users with that decision.

[Snorek]

That is why many analyst got shocked why coinbase would accept ETH at the first place. They lost a lot of users with that decision.

Coinbase is a company, they do everything to profit, hence their decision to accept ETH. I never used Coinbase and I never will, they are hypocrites.
Personally I can endure ETH. I can take Litecoin and Doge and couple other old or serious alts, but after hundred of cloned alts every year situation is becoming ridiculous.

[th3nolo]

We all know that new coins are created with one intention. To pump and dump and get rich fast. We are not discovering America here.

I am shocked that some people here still believe that new coins serve some purpose other than speculation (sure they are advertised and new bitcoin killer etc.)

Now imagine, that all these people working on altcoins would join bitcoin hype train instead. Instead of wasting time and effort on creating something significant, again.

And then this guys start talking hey! this coin is scam, my funds, One  rule never  invest money you cannot afford to lose thats all, if this guys instead of spending money in shitcoins spend  his money on bitcoin maybe you will see very easy bitcoin price 750$ or 800$.

[Spoetnik]

What the hell kind of retort is.. "Don't invest what you can't afford to lose" ?

Why post that ?

I have heard that pathetic cliche in Crypto for years and it's stupid and always a retort fail.

Some of you are dumb or naive or just deceitful or optimistic little dreamers.
For example a project could be made to "look" legit fairly easily and most will never look beneath the surface.
Why ?
Because they NEED to "invest" and they NEED to profit.
So there is no incentive to see if a project is legit.. the only interest is..
Will i lose money on said project.. such as if it is exposed as a scam.
Get it ?

This is all an UNREGULATED perfect storm for old sharks to devour a fresh crop of little kidiots.
They are fully aware what strings to pull here to part you dregs from your money.

I watched the BlockNET guy string people along for over a year after he got his million in BTC from his scam ICO.

I watched Butters dump a million dollars worth of Ethereum on you all and you didn't even care  

..as long as you *think* you are getting a slice of the pie you will all embrace this facade.
OR.. you REALLY are THAT god damn gullible, blind and stupid.

Hmmm how many times have i said a legit project can not be sunk by FUD ?
FUD would have no effect what so ever..

How many time to do i hear the same cliche'd dipshit crypto advice ?
Diversify ?
yeah that's great advice ROFL
Buy 100 shitcoins on Poloniex instead of 5 hhhhaaaahhhhaaaahhhaaa
..ya make sure you cripple your profit potential LOL

You all say 99% are scam then say shit like diversify ?
In what if only 1% are legit ?

There is so much retarded shitcoin rabble here it's ridiculous.. no wonder no one on earth gives a shit about this crap.

[thepo1m]

This is pretty obvious, altcoins are a joke and ruin Bitcoin and what it stands for. Just stay away.

Not all are a joke , there is some altcoin that has better coding than bitcoin FYI.  And altcoin somehow helps attract more people than bitcoin advertisers because all these altcoins require BTC to be purchased.  Without these altcoins, bitcoin market is lonely with just x currency to BTC pair  

I agree with you some people talk as if Altcoin are all shit coins, but they have really add value to Bitcoin, can you imagine how boring exchanges will be if you are only trading Bitcoin against fiat currencies only, but the rise of Altcoin market has really boost the market but I agree that most of these coins will definitely go back to zero because they are created only for speculation no real world use

[crazywack]

Welcome to crypto, mostly scams in here. It's been this way for years...

[AstralWonder]

This is very true. Pump and dump is real.

[PieCoin]

An interesting read:

Scams or Not, Crypto Tokens Have History on Their Side
http://www.coindesk.com/scams-not-crypto-tokens-history-side/

[BitcoinNational]

What the hell kind of retort is.. "Don't invest what you can't afford to lose" ?

Why post that ?

I have heard that pathetic cliche in Crypto for years and it's stupid and always a retort fail.

cliche since 1920.

but crypto is approaching the ability to sink $1000s and only lose -10% and you can STOP loss with a great deal of certainty.
_{you could also hedge and run even keel}
which is actually better than a bank deposit ... given they offer the upside of +0.25% ... and crypto (the safer larger coins) offer x1-x3.

300% return potentials in SHTF low level.  SHTF high level.  

reality is a return of 10% if you stick with the general trend.

fuck da banks  

[bbc.reporter]

I'd say that about 15-20 coins can be considered as "good".

There was mention in the original post that even some of the "repped" altcoins might also be scams. If someone were to ask you which ones they are, on the top of your head, which coins will you mention?

Since you said that there might be only 15 - 20 coins that can be considered as good then you might have a big idea on who the bad ones are. Even the "repped" ones.

[Robertqueen2]

As there are scam coins started from this forum, there are also high value coins started and grew in bitcointalk, bitcointalk is a great crypto community and sure many scammers will exploit this point to steal people's money, but I can see a scam accusation board where everyone is able to discover or open a discussion about any suspicious coin.

[Spoetnik]

When a coin is launched as a joke then the dev admits it what do you sleazy greedy bullshitters call it ?



You are all so full of shit your eyes are brown .