All Alt Coins are a scam.

[aaacourt]

pretty ludicrous calling them all a scam. Granted, most alt coin projects wont last and Bitcoin is the most likely to become an equivalent to fiat. But the word scam shouldnt be thrown around

[giogio0504]

Well this is what the insightful Tone Vays claims...

He claims that ETH, DASH, shit 99.5% of all the ALTS are scams and the only coin that will survive is Bitcoin.

So l guess we should all sell our Alts now!

I do not agree, a lot of altcoins has good potential, maybe much more then bitcoin.

[eddyhalim]

"All Alt coins are a scam" to me this is a totally wrong thought. Maybe you are a newbie so you do not understand all about the cryptocurrency market. There are many people who are rich by investing in Altcoin, and there are many people around the world who are working for the altcoin market. So there is no reason to say altcoin is a scam unless you are not knowledgeable about it.

[angrygroceries]

Well this is what the insightful Tone Vays claims...

He claims that ETH, DASH, shit 99.5% of all the ALTS are scams and the only coin that will survive is Bitcoin.

So l guess we should all sell our Alts now!

Sure. It is because of that that bitcoin was invented. To be able to take away the power of people who do the things you're talking about. Why aren't you protesting against ExxonMobil? Or any large car manufacturer for that matter. Surely you recognize that the effects on the planet of these companies is far greater than anything bitcoin has to do with. Don't you think it's just a little bit weird that you'll create sockpuppet accounts in order to troll a subreddit that you have no interest in?

If nobody shares an opposing opinion than how can anyone honestly make an informed decision of their own?

Is that what you feel you're providing? An informed decision? Don't you think you'd need to at least understand the subject in order to be 'informed'? You don't even know what the invention is, or indeed, why it works. I recommend that no-one at all invest in bitcoin if they don't understand what its value proposition is, and more importantly, how it is going to be be realized.

But you're not doing that. You're like a christian trolling an atheist subreddit, and calling everyone idiots because they don't believe in creationism. You're not providing any insights into bitcoin. You're certainly not helping anyone. It sounds to me like you're trying to troll this subreddit in some bizarre belief that someone here is going to attempt to change your mind, and you're not gonna let that happen goddamit. Why would I do that? I don't care what you think. Don't like bitcoin? Don't invest in it. It's not that hard of a concept to grasp. No-one is holding a gun to your head.

[astridplomp]

Well this is what the insightful Tone Vays claims...

He claims that ETH, DASH, shit 99.5% of all the ALTS are scams and the only coin that will survive is Bitcoin.

So l guess we should all sell our Alts now!

I think you should stop those nonsense informations before making any statement like this. Top altcoins nowadays can be very useful for many aspects, if you can find out how can they be applied in real life then you dont have any knowledge about cryptocurrencies. Altcoins exist because they have more potential to be used in real life than any other currencies.

[sunX3]

Well this is what the insightful Tone Vays claims...

He claims that ETH, DASH, shit 99.5% of all the ALTS are scams and the only coin that will survive is Bitcoin.

So l guess we should all sell our Alts now!

Of course not. And just because they might not survive, doesn't make them a scam.

Should do your own research.

[maichimoto]

Well this is what the insightful Tone Vays claims...

He claims that ETH, DASH, shit 99.5% of all the ALTS are scams and the only coin that will survive is Bitcoin.

So l guess we should all sell our Alts now!

let him claim whatever he wants. Only reason is that he has certain personal benefit in saying that. Whatever that is, I honestly don't care. Let's focus on good stuff instead of this bs

[kryptqnick]

Well this is what the insightful Tone Vays claims...

He claims that ETH, DASH, shit 99.5% of all the ALTS are scams and the only coin that will survive is Bitcoin.

So l guess we should all sell our Alts now!

Firstly, where are your proofs? Spreading fud based on nothing is not welcomed on this forum. Secondly, how much does one expert's opinion actually matters? I bet a lot of other people who are not worth than him would say the opposite. If he is so fond of btc - fine, but it has to be admitted that other coins made some major suggestions if not improvements, attracted a lot of attention to the market (there would be no crypto market without them) and showed the variety of things where blockchain has be of use.

[majest3]

"All Alt coins are a scam" to me this is a totally wrong thought. Maybe you are a newbie so you do not understand all about the cryptocurrency market. There are many people who are rich by investing in Altcoin, and there are many people around the world who are working for the altcoin market. So there is no reason to say altcoin is a scam unless you are not knowledgeable about it.

I am not the one saying that, just quoting someone who thinks he is an expert "Tone Vays"

[majest3]

Well this is what the insightful Tone Vays claims...

He claims that ETH, DASH, shit 99.5% of all the ALTS are scams and the only coin that will survive is Bitcoin.

So l guess we should all sell our Alts now!

Firstly, where are your proofs? Spreading fud based on nothing is not welcomed on this forum. Secondly, how much does one expert's opinion actually matters? I bet a lot of other people who are not worth than him would say the opposite. If he is so fond of btc - fine, but it has to be admitted that other coins made some major suggestions if not improvements, attracted a lot of attention to the market (there would be no crypto market without them) and showed the variety of things where blockchain has be of use.

I linked to the video outlining his claims earlier and l am not spreading FUD, l am asking peoples opinion's on a so called experts statements. I am a great believer in a lot of alt coins.

[JCLee]

If you really believe in this guy why don't you try to ask him if he wanna buy all your altcoin back with lower price than on the exchange. LOL. All these guys say that all altcoin are scam is an untruthworthy guy ). They just wanna make other trader and holder feel panic to get the chance to buy altcoin with lowest price as possible. Beside who is Tone Vays? I never hearding anything about him before and I also don't believe this guy

[MISS_nSTASSY]

Well this is what the insightful Tone Vays claims...

He claims that ETH, DASH, shit 99.5% of all the ALTS are scams and the only coin that will survive is Bitcoin.

So l guess we should all sell our Alts now!

Firstly, where are your proofs? Spreading fud based on nothing is not welcomed on this forum. Secondly, how much does one expert's opinion actually matters? I bet a lot of other people who are not worth than him would say the opposite. If he is so fond of btc - fine, but it has to be admitted that other coins made some major suggestions if not improvements, attracted a lot of attention to the market (there would be no crypto market without them) and showed the variety of things where blockchain has be of use.

I linked to the video outlining his claims earlier and l am not spreading FUD, l am asking peoples opinion's on a so called experts statements. I am a great believer in a lot of alt coins.

If you are asking our opinion than write something like "what are your thoughts" or something like this, but not "we should sell our alts now"
Imo this is very, very exaggerated that all altcoins are scam. I agree that there is too much fraud in crypto, but not every alt.
There are some great projects that are developing now, and they will be shown in the world only a few years later.
Thay trades already, but people dont notice them because they are buying Ripple or some other overrated shit

[Jarx]

That has a point, overwhelming majority of altcoins are useful for trading only. Don't tell me people are using that coins for anything else.  

[twostepsally]

That has a point, overwhelming majority of altcoins are useful for trading only. Don't tell me people are using that coins for anything else.  

Altcoin is not scam. More coin in the Market place. So you check the price in the market place then you get more information for choose the best coin. Coin price is any time to change. If need to check the coin information. Market place is help for check the best coins for future invest. It good opportunity for future growth.

[JanCoppens]

Well this is what the insightful Tone Vays claims...

He claims that ETH, DASH, shit 99.5% of all the ALTS are scams and the only coin that will survive is Bitcoin.

So l guess we should all sell our Alts now!

I'm pretty sure he's wrong. How will we program smart contracts? Internet of Things? Supply chain management? I don't think bitcoin can da any of these things, right?

[castis]

I think altcoins are not 99% but around 50% scam for sure, because no product and even no blockchain they take etherium erc20

[Monkeyseemonkeydo]

That has a point, overwhelming majority of altcoins are useful for trading only. Don't tell me people are using that coins for anything else.  

Altcoin is not scam. More coin in the Market place. So you check the price in the market place then you get more information for choose the best coin. Coin price is any time to change. If need to check the coin information. Market place is help for check the best coins for future invest. It good opportunity for future growth.

That is what he was talking about - you're using that coins for price speculations, not for something useful. It's just a way to earn on price changes.

[snowbubble]

I think many altcoins will die for sure,because they dont have product and only hype and idea, but not all, around 10% will survive for sure.

[RepublicSpace]

Well this is what the insightful Tone Vays claims...

He claims that ETH, DASH, shit 99.5% of all the ALTS are scams and the only coin that will survive is Bitcoin.

So l guess we should all sell our Alts now!

I agree that most altcoins are scams but I wouldn't include in this list such altcoins as Ethereum or Dash etc. I think that not only Bitcoin will survive but a small amount of most popular altcoins

[Re.won14]

You're somehow correct because if you will check and compare we can say that bitcoin is the only coin that might last. However, altcoins cannot be consider as scam for me because you're getting something from it and ICO's do have their products. I will remain still with my coins.