All Alt Coins are a scam.

[tofus]

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!

Alts are a volatile asset. Sometimes some news can dump or pump asset's price. Following an advice of strangers can lead to a loss of money because they may want to purchase assets at lower price.

[WakinXXX]

Think most of it. Alot of altcoin which swindle, and they are absent. So you don't say that all altcoins - swindlers. Because in the near future there are alcoins which can show good reward like ETH last year

[MISS_nSTASSY]

That's funny, I think that he's no-brainer at all maybe he just lost in trading that why he said that.As we all know that not all altcoin are scammy but most of them are pretty much scammy.There are many altcoins out there like Litecoin and Doge that has a track record in years and have a strong community that supports those coin

Well, he is not no-brainer at all, I think. He is very famous person in crypto community and it is necessary to get a closer look on these people cuz their words can play serious role in market forming.

Vays has been employed as a Financial Analyst for Bear Stearns​ and J.P. Morgan where he witness the 2008 financial crash.​ In addition, he was the VP Operations MSCI Inc.​ and a Senior Financial Analyst for Axioma​.

Vays began his career in blockchain and cryptocurrency​ in 2014 as a Research Analyst/Writer for CoinTelegraph​. In 2015, Vays became the Head of Research for Brave New Coin where he helped the developer team create financial products such as the BLX Index to better identify the price of a bitcoin and any given moment. In addition, he wrote a weekly market analysis report to identify price trends in Bitcoin based on both technicals and fundamentals.

Since 2014, Vays has been an independent consultant and maintains the website libertylifetrail.com as well as the Crypto Scam podcast. Vays is a regular contributor to the World Crypto Network where he provides technical analysis to viewers. Vays frequently travels and speaks at Blockchain​ conferences all over the world

So this person is not usual youtube-crypto-trader. But I think it is very pessimistic point of view. Of course there are many scams or some projects that are something near fraud(that continue marketing but zero development for example) but their amount can't be around 99%. Especially when we are saying about top-100. Yes, there are some coins that need to be out of crypto at all but that is just a small amount, all people with IQ 40+ understands this and support real crypto with real development, useful cases

[Velvet78]

I think not all of them. Some of it is scam. Over time scam coins will increase. I need to be careful.

[totholio]

How is it even possible? A lot of them are already widely used, obviously a lot of them if not most will die because lack of utility but a few of them will chance the world.

[ankit05]

All altcoin is not bad like as ETH, NEO, CS, XRP, BCH etc. are good altcoin. It's have good marketcap of cryptocurrency and bitcoin is super coin for all time.

[jacoboisiwer]

How about the bitcoin die? have you ever think about that ? first of all , you are in crypto market , as the same as in the trade market , or maybe in real life traditional market , lets imagine when the market doesnt have any thing to trade? are the bitcoin still exist , or maybe just for the fintech payment ? no altcoin means no market will survive , more altcoins means more trading activity and more attractive to magnetize the trader to come.

[SummerBliss]

Do you have any evidence to support your claim? Why are you posting negative FUD out of nowhere? Just to get views? You should be ashamed of yourself for spreading false news in this forum. You feel that reputed exchanges like Binance would just list the coins out of nowhere? No! Only credible coins get listed here and you should stop spreading such news which can make other users negative about the market on the whole.
Your news is FAKE and I would't suggest anyone to read it.

[dolagani]

No u are wrong all alt coins are not scam. people should check the whitepaper and team member accordingly they should invest by checking their profiles. then they wont get stuck into any kind of scam.

[Dreamlandzoom]

This sounds to categorical though you have some point there. There are cases when altcoins were produced but they are not needed for the project to go on. Or at some cases there is no real project at all. Isn’t it why some of them we take just for quick flip and some of them we want to keep for long?! Also don’t forget that new ICOs are coming to the market every day, but it is not possible to have endless amount of coins. There should be some limit right? This is why you need to research really careful about the project and decide if this altcoin is going to serve something or its just a way to raise quick money

[DimaS1574]

For me coin is not a scam if i can make money from it. I am meaning if the project scam but finally i got money from this project so i think this coin is ok))))

[Nastinmel]

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!

Tone an independent thinker and his opinion is only his. But you don't need to take close what he says, that's just his mind about it.

[FinbarAdley]

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!

Not sure about others but there are a few HODLs I have. I had researched them left, right and centre . Theyre solid and not scam at all. Paragon coin and Telcoin. One is for cannabis industry and the other is for Telecommunications. Both are cheap and will grow like mushrooms EY 2018.

[Drakula]

For me coin is not a scam if i can make money from it. I am meaning if the project scam but finally i got money from this project so i think this coin is ok))))

Altcoins are not a scam; well there are good altcoins and there also bad altcoins but it doesn't me that it is a scam. It is just a matter of choosing, you should choose altcoins that have a great future. Do research before buying.

[Scambusterz]

I agree that most altcoins are very risky investments and I would not keep them in the long run, but on the other hand there are really good projects that have a future.

[Clavulanic]

For me coin is not a scam if i can make money from it. I am meaning if the project scam but finally i got money from this project so i think this coin is ok))))

Altcoins are not a scam; well there are good altcoins and there also bad altcoins but it doesn't me that it is a scam. It is just a matter of choosing, you should choose altcoins that have a great future. Do research before buying.

Definitely right. Altcoins may be cheap in price,but it doesn't mean all are scams. Some are just having low funds or they just want to get people's attention to believe right away. It's true that research is a good way to solve that particular thing. Be wise in chosing your altcoin.

[Papaczed]

I agree that most altcoins are very risky investments and I would not keep them in the long run, but on the other hand there are really good projects that have a future.

Even that not all altcoins is good or have a future but it doesnt mean that they are scam,  right now there are still so many altcoins that is very profitable to buy for, and i believe altcoins is not scam, and altcoins have a great future like bitcoin.

[Quidat]

For me coin is not a scam if i can make money from it. I am meaning if the project scam but finally i got money from this project so i think this coin is ok))))

Altcoins are not a scam; well there are good altcoins and there also bad altcoins but it doesn't me that it is a scam. It is just a matter of choosing, you should choose altcoins that have a great future. Do research before buying.

Definitely right. Altcoins may be cheap in price,but it doesn't mean all are scams. Some are just having low funds or they just want to get people's attention to believe right away. It's true that research is a good way to solve that particular thing. Be wise in chosing your altcoin.

If we do try to see on how many altcoins in the market then it will surely give a headache on us and it would contribute the confusion we would experience due to lots of choices. Not all altcoins are scams seeing out  2-10 ranking on coinmarketcap do signifies that there are still potential ones even on top 100 those coins are still somehow considerable to be good on my part.

[PaxtonFabian]

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!

Don't invest in coins which have grown from 2 cents to $2 in weeks. They are pumps and dumps and will turn into scams once they're dumped by the founders. Go for coins that take one-step at a time. TAU is my pick for April. A coin with 10k TPS, running testnet , 10 active dev team size, near to zero TX fee, mid-level supply. This is a get-filthy-rich coin for sure.

[sireseh]

I think in this case we need to sort out the good coins because not all are scams but only partially. there are really coins that have a bright future and there are also coins that can be detrimental. for that in overcoming the fraud we must be more careful in choosing the coins so as not to regret later.