All Alt Coins are a scam.

[e@symode]

I do not think that today many projects are really a scam, but I would like to add that now a lot of the project goes to the stock exchanges and this fact already shows that now many other projects can be considered as investing.

[MataHati]

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!

no need to sell, why? many of his new coin coins are emerging and prices tend to rise relatively.

do not easily believe what people say,

[MilanaPay]

Soon, in fact, virtually all Altcoins will turn into SCAM. Since useless coins are almost 99%. Remain only the strongest, and the rest will disappear, I think even with the ether network will begin to remove all this garbage.

[Jupeter]

If all of his said was true then this time I will sell all my altcoins! but I think it is just was a FUD, ethereum is also an altcoins but it is not a scam, I still believe in my holdings altcoins and I sell it when the price is right.

That is not true, not all altcoins are a scam, maybe there are some altcoins that is scam and  doesn't have a future but there are still so many altcoins that is profitable to invest and there are still so many altcoins that can help us to be rich.

[Muslimin mj]

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!

whether this is true news accurate and have the correct legality, do not let us be fooled by the issue, and cause the price of an altcoin falls on the market. I hope not.

[guanyikclkv8593]

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!

Maybe it is true but now there is still something that we can do. Such kind of things can bring us a lot of moeny.

[rohican]

Logically, if this altcoin is a scam, there will be no automakers investing in altcoin. In fact, until now there are still many investments to altcoin and it is increasing every day that invests in altcoin. So altcoin is not a scam.

[PJRLJRAC]

Not all were trick we have as of now profited on it and now we are dependendent on altcoins,etherium assumes a major part in this cryptocommunity same as bitcoin yet those current ICOs should be assessed legitimately before hopping unto it and invest,because some time or another we may lament on the off chance that we fall on their trap and lose everything.

[borjois56]

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's not true, besides bitcoin, altcoins are alot not scam, one of its examples, ripple and stellar lumens, altcoins it's got a clear company, who says altcoins scam, i do not agree with its

[franss]

everyone have their own opinion and they can say what they want. for me not all bitcoins are scam but some most are scam. each bitcoins are created and have their own uses except for scam coins.

[Jaggi90]

Not all but some altcoins are scam. When scammers see that lot of people are investing in altcoins , they will try to steal your money. So , they do some scams to befool us. But it doesn't mean that all altcoins are scams.

[arinibawal]

Can you include your proof or analytical technique that states as you describe? We need proof, we need to know. Indeed there are coins that are the scam but not all altcoins are the scam. Many coins can survive in crypto even though they get rivals from new coins. That's because many communities are investing their money into the coins, so the coins can survive and thrive. If it is a scam coin, I think he will immediately leave the crypto after they get the supply from the investors.

[Bosmuda]

I am not agreed with that statement, they are not scam. The market cap and activity are so high to consider it as scam, even they don't have a legal company or something like that.

[AbyssLagiaz]

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!

There is short truth behind what you're trying to say, OP. Like many coins in their growth stage is booming but it reaches the declining stage so fast that it doesn't stay in the market for too long to sustain. It is gaining but it is not sustaining.

[MrKubeem]

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

[overlord_44]

We encounter so many project that all wants to gain money by following an easy way. Unfortunately, the system can not block these Scam tokens. For these reasons, we are thinking maybe 5 times while we're investing or trading. But, that doesn't mean that, all altcoins are Scams.

[bnmh23]

Given the current situation, many people would say all altcoins are liars. But there is no need to elaborate on this point, because such statements occur in all crises.

[Trustor]

Not necessarily. You need to research and learn about the alt coin project before enrolling in their bounty programme or if you are simply thinking of investing in it. There are some fake coins in the market that is true but not all. Many new companies are coming up with their ICOs, having their unique project. These companies offer good promotional distribution coins as they are funded heavily by the angel investors. Rest, all is your opinion. I would jut recommend you to study the project/altcoin before investing in it.

[jokowo]

I do not believe that all altcoin is a scam, we can see until now altcoin prices tend to be stable and I have proven myself all this by investing in altcoin I get a big profit. So how can you say that all altcoin scam.

[yehor]

Unfortunately the crypto space has become riddled with scams and cons. Its difficult to tell sometimes which projects are true, from those that are only designed as money grabbers.

Thats why we all need to play a role in protecting this volatile space.

In order to differentiate the scam and con ICOs from those that are true, you need to look at the following;

The team - Is the project created by firstly real individuals? Look into their social media accounts. Are they really who they say they are? Is there any content out there on these individuals?
3rd party/independent escrow provider - Does the project have an escrow provider? But, more importantly is it a 3rd party or independent escrow provider? Many ICOs claim to have an escrow provider or that their smart contracts act as an escrow provider. But, what measures are in place to ensure that the funds raised are not controlled by the project team? - This will ensure that the projects team delivers on what they have promised.
Is the website secure? - There are many phishing sites out there. Is the site you’re on secure? Always look for the green padlock; found in the address bar.
Following - Does the project have a significant following? Check all forms of social media. A good indication that an ICO is a scam or a fake, is by the following its social media channels have. Scams are designed to simply take money. They are not interested in creating a real following or pushing out real content. Be wary however as followers for many social media channels can be bought.
Community response - Is the team active and responsive to their communities questions? Do they provide real and clear answers? Do they even respond to the questions their community is asking?
KYC/AML - Does the project implement or conduct any form of KYC (Know Your Customer) or AML (Anti Money Laundering) processes? These processes are designed to filter out individuals that only intend to invest into an ICO for money laundering or negative purposes. Criminals that have no real care for the future of the project.