Why Consider All Altcoins Bad

[XCANA]

Hi. I dont know. You said we got 3000 altcoins and this is does mean waht from the 3000 altcoins we can find really few good projects.

Absolutely correct mate, generally majority of the Altcoins are from a pit of hell, that's they are a complete shits from what we use to have in the early days of cryptocurrency. Many of these projects are just waste of time to read whitepapers of the project. Hope we see a major difference in 2020.

[princecharles]

I believe that when one is saying all altcoin, they actually mean, majority of the altcoin in the market would end up to be a scam project. From the stand point of a bounty hunter, you'll find out that over 80% of the tokens you earn as a bounty hunter are worthless. This shows the amount of projects that are actually relevant in the cryptocurrency space.

[yazher]

What they mean here is, the other Altcoins are just made to scam people's money. If you guys familiar with the pump and dump coins you would know what I mean. and also there are the others that claim to create some technology that bases on Blockchain and offering some Altcoins to continue their development, but those projects are mostly scam and fud. that's why we cannot really blame them If they thoughts are like that. as for me, some projects are legit which will make their Coin offering legit as well.

[shadowdio]

I guess, nowadays many scam projects maybe that's why some people consider all altcoins are bad, they didn't earn profit. They should have research of the coins because not all are bad.

[wxa7115]

I believe that when one is saying all altcoin, they actually mean, majority of the altcoin in the market would end up to be a scam project. From the stand point of a bounty hunter, you'll find out that over 80% of the tokens you earn as a bounty hunter are worthless. This shows the amount of projects that are actually relevant in the cryptocurrency space.

I find really interesting that bounty hunters are still trying to get those kind of coins when we know that most of them are not going to pay them and if they do we know those coins are not going to have any value in the future, I really wonder if that is the only way they have to earn money on the Internet and that is why they keep doing it because they're hoping that at some point one of those coins which they are promoting is going to give them great profits.

But with each passing day the probabilities of that happening are getting lower and the time that they need to spend doing bounty campaigns is getting longer as well.

[OrangeII]

I agree, but the one who needs to be convinced about this is the developer.  Until now, there are quite a lot of projects that have good quality, but only not developed and abandoned.  some of their CEOs were involved in cases of greed, and eventually the project died.
however, I will continue to support the project with its quality, not with the promises and bonuses provided

[gurunanakji777]

The majority of the Altcoins are not good to trade every time. We can not consider every altcoin for trading even it's not easy for us to analyze all the altcoins certainly we can consider top 20-50 coins to trade that has good trading volume. In the present market certainly, we need some more good high potential projects that can help to boost up the crypto market.

[Fappanu]

They say all altcoins is bad , but i think this is reffering to new altcoins in ICO/IEO that comes in the market because some altcoins are shitcoins, deadcoin, no volume,  ponzi scheme only and many more that investor lose money so they call them bad.  And i think not all altcoins are bad like reputable altcoins now like ethereum, litecoins and many others.

[tianglistrik]

They say all altcoins is bad , but i think this is reffering to new altcoins in ICO/IEO that comes in the market because some altcoins are shitcoins, deadcoin, no volume,  ponzi scheme only and many more that investor lose money so they call them bad.  And i think not all altcoins are bad like reputable altcoins now like ethereum, litecoins and many others.

I also think that altcoin which is considered bad is the new altcoin that is becoming shitcoin. because most new altcoins do not provide benefits and also don't last long on the market, so the assumption of altcoins is bad even though what makes it worse is new coins because I believe that there are still profitable altcoins

[sangjoewara]

I believe that when one is saying all altcoin, they actually mean, majority of the altcoin in the market would end up to be a scam project. From the stand point of a bounty hunter, you'll find out that over 80% of the tokens you earn as a bounty hunter are worthless. This shows the amount of projects that are actually relevant in the cryptocurrency space.

That's right, if we pull in percentage, it's almost 80% of projects in cryptocurrency are useless or scam, that's what is now an assessment of everyone that all altcoins are bad, but if we analyze in detail, there is also a really good altcoin

[Chainsmokers]

I personally think why many people consider that altcoin is bad maybe because they have invested in altcoin and they cannot make a profit from the coin or you can say they cannot look for opportunities to make a profit from the coin and when they fail and try again the same way and then get a loss back or can be said often they have failed in investing in altcoin which then makes people think that all altcoin is bad.

[No One]

Obviously, there is always the scope and opportunity for a good and honest crypto project in the crypto space. But scam projects are making the reputation of crypto market bad. I do not think most of the people involving in cryptocurrency regard altcoin bad. There are many good and profit-generating altcoins out there in the market like ETH, BNB etc.

[Obito]

Maybe because of bad experiences to alts in which they generally labeled alts as bad. Well we cannot deny the fact that some are bad though however they are totally necessary since they fill a certain function which bitcoin hasn't able to do. Like xrp, bat, ethereum and the others. Nevertheless, we cannot eradicate such feeling towards them.

[Blackdeath]

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

Not all altcoins are really bad. The only reason why a lot of people hate altcoins because not all of them doesn't have any potential to have a good price in the future, that is why i only invest in top altcoins in the market because it is the only coins are worth to invest with my money.

[#Darren]

Nobody said that all altcoins are bad, they are just not delivering profit on a falling market, with almost 70 percent of BTC dominance. Nothing strange for me, because altcoins cannot perform good returns on such a poor market.

[ije07]

even you yourself have also realized that there are only a few altcoins that are worth investing in tens of thousands of coins out there. You can also see that most altcoin projects fail, prices don't develop, and some don't have trading volume. I personally do not want to take high risks, so I prefer investing with real coins like BTC and some of the top altcoins, ETH, EOS, BNB.

[Thomas-s]

even you yourself have also realized that there are only a few altcoins that are worth investing in tens of thousands of coins out there. You can also see that most altcoin projects fail, prices don't develop, and some don't have trading volume. I personally do not want to take high risks, so I prefer investing with real coins like BTC and some of the top altcoins, ETH, EOS, BNB.

You invest in ETH and BNB although you cannot be sure of their success. then I ask you a question: Why don't you look for other coins? Find coins with less capitalization but greater potential and a good team, and these investments will be better than investing in those coins that you are talking about. of course, you MUST hold 60 percent of your money in bitcoin, but the other 40 can be invested in different coins

[doomloop]

Maybe because of bad experiences to alts in which they generally labeled alts as bad. Well we cannot deny the fact that some are bad though however they are totally necessary since they fill a certain function which bitcoin hasn't able to do. Like xrp, bat, ethereum and the others. Nevertheless, we cannot eradicate such feeling towards them.

Altcoins are always considered secondary to bitcoin and that is true in many aspects. The real problem with altcoins is that they are usually full on scams. There are many projects in altcoins which in the beginning appeared so interesting and when people start investing, it turns out to be a scam. People have basically trust issues with altcoins and that is why they are reluctant to invest in them blindly.

[freedomgo]

Not all are bad, but only few are good in the total number of altcoins, and that's the reason why its reputation is bad.
We need to see a growth in the altcoins but we need quality over quantity, as one project can grow and become a billion dollar company so there's no need for a project that are not ambitious enough to grow big in the long run.

In short, we need a reliable project that could help solve some problem in the space and will survive even with this struggle we re facing now.

[Google+]

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

Not all altcoins are really bad. The only reason why a lot of people hate altcoins because not all of them doesn't have any potential to have a good price in the future, that is why i only invest in top altcoins in the market because it is the only coins are worth to invest with my money.

indeed all altcoin is not bad but you can see how the development of altcoin from 2 years the condition of altcoin collapsed because maybe developers can not provide good products that can attract investors or traders who can make prices rise.