All Alt Coins are a scam.

[uszaty43]

Obviously that this thread is a troll thread, i do not understand why do you even bother yourself to reply this garbage.

We all know that there is no altcoin that is scam, because the scams are only those icos who want to scam, but they do not even reach exchanges.

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.

[danjonbit]

lol, well to those who make millions on those altcoins, can they say its a scam?
its just I guess he dont know what altcoin is or what cryptocurrency can bring on the table! but on me I will surely keep holding unto it and have faith as much as I can on it!
but only to those good altcoins that I know! cheers!

[Cryptocb]

they are not scam, every of they wallet are working perfectly, mostly ethereum, and it has not disappoint me

[tofus]

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

Very interesting, but have some of his predictions come true??

[happyme1818]

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!

That is a baseless statement, if all of those coins are scam then those big companies will not invest in any altcoins and even the central banks will not persuade  government is to  intervene if this will happen.

[Humpert]

Because in this area you can get money for free. Therefore, many make a bench project, collect money and disappear. Or simply do not bring the project to the end.

[waywethe]

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!

You should not hear information coming from a person. There are many Altcoin but not Altcoin which is also bad. Like NEO, Ripple and Litecoin. These are good Altcoin and will grow in the future

[BQ]

the word 'scam' seems to be used very broadly here, how is it a scam?
does developers hold a large amount and will dump?
how else is it a scam? tied to a real project that initially was decided not to deliver?

You should not hear information coming from a person. There are many Altcoin but not Altcoin which is also bad. Like NEO, Ripple and Litecoin. These are good Altcoin and will grow in the future

care to expland on what makes "NEO, Ripple and Litecoin" good?

[maliha tahir]

In all probability it is valid, however nobody can restrict you to exchange and acquire cash with this poo altcoins. 99% altcoins will vanish in 1-2 years. However, now is a decent time to appreciate the minute while it's as yet conceivable

[Angel35]

I can't agree with this, furthermore I think Altcoins are more valuable than BTC because of their innovative solutions

[Elysio]

Why did you say something like that, I didn't understand you. Can you explain to us why altcoins scam? If there is a logical explanation we can join you

[crenfrosck]

I disagree with this statement. Of course, we can find several red marks even in top 100, but saying that 99,5% won't make it? I doubt that. Projects like ETH cannot be considered as a scam, as they are already making what they were made for in a decentralized way. Even if the value drops by 99.99999%, we cant say that ETH is a scam, as their product is still running. Value is something different.
Yes, new tokens that would serve to pay for services of the company that have released it and won't have any other purpose are totally dependent on the usefulness of the token, the success of the company and the speculation as well. In my opinion, they can be considered as tokens of the unsuccessful project, or "scam" if you want to hear it.

[TheFirstCreator]

It's completely wrong when people think so. Crypto currency is not a scam. Although sometimes there are scammers , but mostly it's real products.

[ooeygooeygold]

There are some altcoins which is legit. The only difference of bitcoin to other coins out there is because btc has the biggest value among altcoins and the rest is just starting to rise up.

[Dipsomaniac]

This is obviously just bait. You know not all altcoins are scams, just like I know it. Can you honestly say Ethereum was just a scam? Either you're ignorant, or you're just being obtuse.

[Gunpaycity]

i have some altcoin leftovers in my wallet and have previously sold altcoin beberpa and give me a profit so i dont think all altcoin scam and i do not expect to get it

[soulstreak]

There are already so many people that have benefitted from alt coins.  The only people that lose money and the ones that have not invested it well enough.

Al tcoins definitely have value and will make many of us rich.  Just look at the trends and try to go in when you hear good news.

[jame kotler]

Well, if another respected expert says that this is not so? What will you do in this case? It seems to me that every player should have his own opinion on this matter. If you change your mind every day, it will only bring losses.

[thomas26]

I think the opposite! Some ALTS are much steeper than Bitcoin!
For example Ripple! Or ETH! Or NEO! or EOS

[23sd12122121]

 Don't forget that Ethereum is an altcoin too. So this is totally flase idea and also very funny for me.
Try to research more and you will find there are really nice altcoins