Why Consider All Altcoins Bad

[Asuspawer09]

The question is why do some people generalize all Altcoins as bad? considering there are over 3000 of them out there. One would not have the time to go through each project one by one. to analyze the project. team etc everything behind each crypto project.
There has to be some project out there under good intentions. Not all projects could be a scam. I admit I only have a top 4 i consider when it comes to best coins. But yet many should be decent at least honest projects out there. Afterall we do need more projects. more quality projects out there in order for crypto to succeed.

your thoughts

All of the altcoins in the market are just a copy of bitcoin as a cryptocurrency,
since the bitcoin was successfully launched as of today become really successful altcoins or alternative token was made to replicate bitcoin in the market,
with that creating a new one cannot replicate bitcoin because they are unique and the investors are only limited since they are already thousands of altcoins in the market.
Just like ethereum that become popular altcoins in the market.

[jhontwis]

It is wrong that all altcoins are perceived as money. Whether we accept it or not, altcoins look more like stocks than money. Perhaps explanations should be made directly in this way. People can then have greater confidence in altcoins

[babicena14]

It is clear that not all altcoins are bad. They just have such a reputation because most of them turned out to be scammers. But it is impossible to speak so categorically, interesting projects still continue to appear.

[tabas]

The question is why do some people generalize all Altcoins as bad?

Because of the scams that rotated on the community about these new altcoins. That's where it all started.

considering there are over 3000 of them out there. One would not have the time to go through each project one by one. to analyze the project. team etc everything behind each crypto project.

Like I've said, they consider all of them because of others that became a scam. And they have no time to extract each of those projects because most of those projects, they are not even interested.

[huu78]

More high-quality altcoins for the continuity of profit from investing but if every day the coin appears strange and fraudulent people will be suspicious and afraid of being too risky. One appeal umpteen to get a nice altcoin like NRG which has a good project in the future.

[fuer44]

yes, everyone thinks that too much altcoin will have a bad impact, because surely many are eliminated and ultimately worthless at all. too little is also bad because there is no innovation or new order from the altcoin project. to better make it just a balance between the new project with the old one, if for example the old project cannot produce any profit, just eliminate it.

[Kotone]

Some think of waste of time. But if you think about it, only highly appreciated projects among these 3000 has been notice by public. I mean, some of them are, listed on famous exchange such as Binance, Houbi and major exchanges. If you were the investor would you give time to reaeaech small time projects? I think profits is one priority everyone is after right?

[Pamadar]

It is clear that not all altcoins are bad. They just have such a reputation because most of them turned out to be scammers. But it is impossible to speak so categorically, interesting projects still continue to appear.

It's business, and with that nature there's competitions most of those new alts are being created just to scammed out and take advantage from the investors. From this point, many newcomers and those people who've got scammed generalized everything, you need to keep doing your research and
not to fall right away into any investment without learning about the project.

[Lecam]

The question is why do some people generalize all Altcoins as bad? considering there are over 3000 of them out there. One would not have the time to go through each project one by one. to analyze the project. team etc everything behind each crypto project.
There has to be some project out there under good intentions. Not all projects could be a scam. I admit I only have a top 4 i consider when it comes to best coins. But yet many should be decent at least honest projects out there. Afterall we do need more projects. more quality projects out there in order for crypto to succeed.

your thoughts

Some people think that all altcoins are bad but they don't know that not all altcoins are bad some are good and give us good income or benefits. Maybe they are invest in a wrong altcoins that is why they say that but if they try again invest in a good altcoins they we're be in a good hand like ether xrp and many more. Some are bad but some are good where to invest there money.

[kaneki007]

Some think of waste of time. But if you think about it, only highly appreciated projects among these 3000 has been notice by public. I mean, some of them are, listed on famous exchange such as Binance, Houbi and major exchanges. If you were the investor would you give time to reaeaech small time projects? I think profits is one priority everyone is after right?

Only altcoin has high potential and is much in the interest of the community that listed on major exchangers, and not all altcoin is bad. Yes i will research some small projects and if there is a moment to take advantage then i will invest a little money there.

[GreatArkansas]

It is wrong that all altcoins are perceived as money. Whether we accept it or not, altcoins look more like stocks than money. Perhaps explanations should be made directly in this way. People can then have greater confidence in altcoins

First, we are in the Bitcoin Forum, that's why it's normal to see some Bitcoin maximalist here, and ton of them hate altcoins.
And also for me because for the recent years, most of the alctoins turned into scam or dumped by developers or person behind the project. Let's say 8 out of 10 altcoins maybe are scam. For me, there's a lot more scam/shitcoin altcoins than legit one.

[Mealea]

It is very clear that we have some good altcoins out there. I feel some people just have natural dislike ness for altcoins. All altcoins are not bad, there are some that have been able to lift up to their purpose.

[barabarian1]

yes you are right op not all altcoin is bad. altcoin still has the potential to grow and develop in the future. now I also choose to hold the top altcoins.
it's just that currently the crypto market is in a bad state so that almost all altcoins have decreased and lost their value. but I believe that when bitcon goes up, the altcoin market also pumps up. we must be patient.

[HabiebRiziq]

The question is why do some people generalize all Altcoins as bad? considering there are over 3000 of them out there. One would not have the time to go through each project one by one. to analyze the project. team etc everything behind each crypto project.
There has to be some project out there under good intentions. Not all projects could be a scam. I admit I only have a top 4 i consider when it comes to best coins. But yet many should be decent at least honest projects out there. Afterall we do need more projects. more quality projects out there in order for crypto to succeed.

your thoughts

I would not say that all altcoin is bad, there is always a potential and good altcoin to invest. Maybe some people who say that have experienced failures in the investment they made into altcoin or you could say they have had a number of failures when investing in altcoin so they will judge that all altcoin is bad because of the experience they have ever had, but I don't think altcoin is all bad, if we can observe and take the opportunities that exist, we can benefit from the altcoin.

[Stanlo]

A new Lamborghini ought to be better than the old ones yeh? but new crypto projects are not giving us new better features, instead they copy what we already have and claims to be better but in few times later the old project still blew the new ones out

[Bitbtc8]

Many altcoins are indeed bad projects or even scam and few ones that did better this year manages to introduce something new and they have better support as well, sero protocol and veil project are the new privacy coins this year and they are better than the old privacy coins, new features makes a coin better than the old

[Vishnu.Reang]

Whether you like it or not, somewhere from 95% to 99% of all the altcoins are useless. On top of that, many of these coins are copycats or premined scams. Now let me ask you which group represents the term "altcoin". When you use the term altcoin, whether this 95%-99% comes to your mind, or do you think about the remainder (1% to 5% of the altcoins)?

[Genemind]

I think it isn't appropriate to call all altcoins are bad. There are still multifunctional coins that have good potential. Sometimes, the most underestimated coins have a bigger capability. Yes, there are altcoins that we could consider as dead coins but we shouldn't look down on altcoins which could possibly provide a better profit for us in the future. It might not the best season for altcoins but it doesn't mean that they couldn't boom.

[jazmuzika217]

I think those people who say this are people or investors that have a very bad experience in unvesting and using altcoin but it doesn't mean that they have rights to say that. All we know that thee are so many altcoin. How can you say that without trying each one those altcoin. Our loss and income is based on our strategies and effort so do not say some things that can affect other.

[DabsPoorVersion]

I think those people who say this are people or investors that have a very bad experience in unvesting and using altcoin but it doesn't mean that they have rights to say that. All we know that thee are so many altcoin. How can you say that without trying each one those altcoin. Our loss and income is based on our strategies and effort so do not say some things that can affect other.

They have the right to say whatever they want. Just let those kind of people to believe on what they believe. Those people might probably have a bad experience in altcoins but they don't yet to experience the true essence or can't even start making a profit in altcoins that's why they say things as that.