Why Consider All Altcoins Bad

[jessyj48]

Not all altcoins are bad and this days people are just too lazy to do proper research on projects to find out how good they are, if you don't seek for answers you will never know how good a coin is and you will miss out

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[Coyster]

Even if the altcoins are not on the top ranks some are still performing well and many traders made money with them.

From the current altcoin market situation, this happened only in the past, I am also part of the traders who made money then through investing in altcoins, but I'm also one of them who has quit investing in altcoins for now.

Whether users agree that altcoins are bad or not, the truth is obvious, good altcoin projects are very difficult to find, they can surface and be all attractive, with seeming good intentions for the blockchain technology and the crypto world, but for the past one year now, they have all failed, crashed, scammed, made exit and done many things wrong. That's the reason for the tag that all altcoins are bad, and I wouldn't blame anyone who totally believes in that.

[sayaya17]

I also think that there are many good and honest projects out there because there are more than 3000 coins out there. There's no way we think all of that is a fraud project, it's impossible. fraudulent projects only damage the crypto and the good projects become impacted, so altcoin enthusiasts are now reduced and traders and investors are more attracted to bitcoin. Before the fraud project appeared, altcoin became the favorite choice for coins to trade other than bitcoin.

[Aabcde]

they say altcoin is bad because there might be a bad experience from themselves and altcoin. Or they could indeed generalize from all the altcoin prices that went down so it was labeled as bad. It is only a matter of faith. It doesn't matter what other people say as long as you believe altcoin isn't as bad as they think. In the world of trading, the ups and downs of prices is not a big problem, what is certain is that we can follow it and read it or not.

[adzino]

I have never heard anyone saying all altcoins are shit/bad. In fact I have seen people using/recommending altcoins for making transactions at cheaper fee and faster confirmation. There might be some people "generalizing" all altcoins based on their some bad experience they have faced as a result of investing on shit coins. It all started when they invested on some random altcoins without getting to know about the coins. They probably saw the price skyrocketing, got interested, invested on it and then saw it getting dumped thus making huge loss.

[diazepam666]

When there is growth in Bitcoin you are not seeing Big growth in in alternate coins so everyone feeling that altcoins are not performing well in the marketplace.
Bump or dump this both are falling on the Bitcoin alone mostly altcoins falling alone instead of growing. So you guys should while you are going to invest on any cryptos, this is applicable for BTC also.

[CookieGums]

I think you are the only one saying that all altcoins is bad because i think you experience a scam altcoin. In my experience, i also thought that many of the altcoins is bad but not all. It is because the numbers of them is too much to all have opportunity to become successful.

[ReiMomo]

Not all in generalized that altcoins are bad but usually some of them are pointless and it's clear that didn't have used in the ecosystem and others are the redundant ideas from others. So technically, it is considered that some of them are bad, just like last year that all projects were launching are no value until today. Try to put bitcoin in your top priorities, not just the altcoins because they are not good to invest.

[AicecreaME]

Nobody is saying "all altcoins are bad" but majority of altcoin projects are pointless to begin with. Imagine projects sprouting with the same aim, and the previous existing projects sometimes have better vision than new ones. If we are to follow an ideal altcoin system, newer projects ought to be revamped comparatively but that's mostly not the case.   I think there are too many projects sprouting, and most of them are mainly to make the team members rich and nothing more. The few projects with genuine interest get affected since investors are now very skeptical to invest in any altcoin, especially new altcoins. Not all altcoin projects are scam I admit, but to limit risk taking, atlesst 70% of my long term holding is in BTC.
 

I agree on this one. ICOs mostly have the same mission and vision when they are going to release a project in the market, including scam ICOs that are using sweet words in order to attract investors and make it look like a good one in the beginning, they are even copying others whitepaper and websites, so if you are going to pay attention in what you are doing, you're just going to screw up yourself.

We all have to be extra careful and be a good detective finding the holes in their project to expose their fake identity, to spread awareness to the public so that no one will ever get scam by those schemers.

[cryptoadept]

That's some considerable thoughts out there! Indeed, majority of people didn't even do a quick research on a project, just call it scam because they didn't like it or didn't understand the idea. I keep an eye on XRP, EOS, and VEO, and boy, yeah, there are hiccups but they are rolling.

[boris singer]

they say altcoin is bad because there might be a bad experience from themselves and altcoin. Or they could indeed generalize from all the altcoin prices that went down so it was labeled as bad. It is only a matter of faith. It doesn't matter what other people say as long as you believe altcoin isn't as bad as they think. In the world of trading, the ups and downs of prices is not a big problem, what is certain is that we can follow it and read it or not.

To break the monopoly in the crypto market requires competition from various altcoins, maybe bad assumptions come because the dominance of altcoin fail / fraud comes more, not all are bad but they simply cannot develop more intensively, this forms the average assumption that finally applies in the overall mindset.

In the end the trader is also more alert and starts playing safely only with clearer coins.

[rahmathidayat93]

Not all altcoins are bad and this days people are just too lazy to do proper research on projects to find out how good they are, if you don't seek for answers you will never know how good a coin is and you will miss out

Yes, not all coins that have been born are bad, because the good and bad of a coin can be known by examining it further,
so that we can judge whether a coin is good or bad.

[bonyaserg]

Yes, there are many fraudulent projects on the market right now. And there was a feeling that there were no more good projects on the market. But don’t give up, you just need to look around a bit and understand that the cryptocurrency market is now in a very strange environment. Now you need to wait a bit when a serious period comes, and again very promising projects will appear on the market. And then almost every project will bring great success to users. And many will invest in different altcoins, where after some time these altcoins will bring excellent income.

[lienfaye]

Not all altcoins are bad, the problem is many new projects are existing without purpose or use cases and just here like any other coins to accumulate money from investors.

Old well established coins has better offer to people and these coins can survive regardless of the status of the market its because they can solve real problem that people needed thats why they are supporting it.

[starblocks]

Some alternatives offer great solutions that Bitcoin doesn't such as Ethereum which offers smart contract technology and Tron that is popular for dApps without which a lot of interested projects could not develop apps and products for other purposes so they are essential to the cryptocurrency ecosystem

[iram3130]

"Not all projects could be scam". I totally agree but what is the percentage to which the projects are useful compared to scams..? If you check the stats then you will see that more than 95% of the coins are created just to scam people. Thats why its a general say, alts are bad.

[Leonardo7]

I have never read any post that says all altcoins are a scam. Just that some bitcoinist are just angry at the rate different altcoins hit the market for the selfish reason and for personal gain, sadly most of these projects gradually die a raid death because they have no idea on innovation, only were interested in customers fund. I have always wonder why won't ICO team up with already existing projects and better the ecosystem! instead, od launching what may never stand the test of time.

[cryp24x]

I do agree with you that not all altcoins are bad. It is just that some people who had bad experience with one, generalize it all. They are just ranting over the forum for what had happened to them about a scam project of a certain altcoin. There are still good coins and good projects out there, we just need to be very careful on choosing them.

[mrdeposit]

"Not all projects could be scam". I totally agree but what is the percentage to which the projects are useful compared to scams..? If you check the stats then you will see that more than 95% of the coins are created just to scam people. Thats why its a general say, alts are bad.

In the unregulated market, we should accept this as normal. This system will continue as long as everyone can create a new token by paying the only 1WAVE. Also, look at marketcaps, not numbers, the value of the remaining 5% is many times higher than the other 95% scam.

[Coltpython]

This is because the majority of altcoins are shit at the moment. Out of over 3000, maybe only a few like 20 or so altcoins really make any headway in terms of staying true to their project plans.