Be nice to altcoins (meme I just made)

[Emperor of Man]

Hi. I just had some random thoughts and they clashed in my mind and the result was this:

Be nice to alts you *^%$#* BTC maximalists, they are cryptocurrencies too and their lives matter. You already have 65% of the market (which we hope it will get corrected to a more rational number soon). What more do you want? You need everbody else's money? 

[20kevin20]

I get the intention of this thread which is nice, but unfortunately most alts really are less worth than BTC. In fact, most of them should actually be worth nothing right now.

There are some alts out there that I do support, but only a handful of them. The rest is simply garbage and we should have a "CoinTrashCan" separate site so that we'd have where to truly fit them.

[Emperor of Man]

I get the intention of this thread which is nice, but unfortunately most alts really are less worth than BTC. In fact, most of them should actually be worth nothing right now.

There are some alts out there that I do support, but only a handful of them. The rest is simply garbage and we should have a "CoinTrashCan" separate site so that we'd have where to truly fit them.

Well, I personally consider the first 200 (or so) projects of coinmarketcap worthy (although in the last bull market we had 1000+ cryptocurrencies and most of them had good price growths).

The rest are "usually" unworthy and they are one of the reasons why this whole market does not advance (although hidden gems exist between them too).

The wrong narrative which has existed for a long time, is that only BTC matters and everything else is garbage! I don't buy that idea, because it totally ignores the concept of creativity and there's no reason to believe other projects have no chance in crypto.

[20kevin20]

~

I don't agree with that narrative either, but having a different coin for every single use case is just not going to help the market & crypto domain at all. Even among the top 200 projects, you find too much garbage (Verge? Bitcoin SV? Centralized cryptos? we had even BitConnect etc) that brings the worthy projects down or make them turn into "gems", as you say, that only few either have a lot of luck to randomly put their money into or are lucky enough to choose them as a personal preference of worthy coins.

Once we'll have a proper cleanup of the existing coins and the legit & worthy ones stay while the garbage goes, your meme will age well and hopefully it will.

[coinfinger]

Survival of fittest. No reservations nor no special cases.

Moreover, this is a decentralized space and more importantly this forum is still allowing altcoins with dedicated boards even it was created for bitcoins. An altcoin will stay with us if it has a reason.

For example, the most prominent and old altcoin is litecoin. It flourished and attracted investors when it has meaning for its creation. Litecoin was created to support GPU miners and to have sliver standard on crypto space. But, when ASIC were invented to mine scypts as well, litecoin lost its 50% of meaning. But, still staying with us for the concept of silver like standard and being old coin of alt space.

Similarly ethereum scaled its peak when ICO was doing good. But, new innovations like IEO, spoiled its future. No could could do anything for that.

Altcoins will come and go; and may stay with us if is based on real world use case. Exchange tokens are good example for real wolrd use case of providing discounts. So, we may expect bitcoin dominance to be 60% constantly when altcoins are failing but new coins are arriving.

[serjent05]

The rest is simply garbage and we should have a "CoinTrashCan" separate site so that we'd have where to truly fit them.

I highly agree since more than 90% of altcoins are shit and needed to be thrown away.


Well, definitely Bitcoin worth more than any altcoins but I agree to OP, we should be nice to "worthy" altcoins too.  Without them, cryptocurrency adoption and information dissemination would be sluggish.  Many Bitcoin lover was brought by these altcoins.  Why not give them the benefit (altcoins) they deserve.

[Pumuckel21]

I do think that altcoins are important for Bitcoin. If you are honest altcoins really helped bitcoin to become more popular. Usually, Bitcoin is the currency to buy altcoins with at different exchanges.

[Tipstar]

I really don't know why most of the people have to be a hardcore fan of some coins and keep bashing others. Even the developers of many coins shares their expertise and experience and some are even volunteering in multiple project while small investors are taking sides like they are a football clubs on the same league.

[blockman]

I really don't know why most of the people have to be a hardcore fan of some coins and keep bashing others.

It's because of the bad altcoins. They didn't stood up well whilst having the attention of the mass. They ended up being a scam, a pump and dump and suddenly dead. Which made them thought to become hardcore with altcoins. I myself is also holding some alts but I'm choosing the best base on my preference. I hold mostly bitcoin and that's why I understand why some are being hard to an individual that doesn't hold bitcoin and chose to go all in for altcoins. They are giving advice but in a hardly manner.

[Ifemini]

Somehow I feel crypto currency doesn't care about how you feel or react to altcoins ot bitcoins
What should be priority is that, you are taking profits from your portfolios, because asides that, i don't know what else

[Lizzylove1]

Many altcoins are worth a good deal. After 2017 bull run, I started focusing on bitcoin and ethereum. But I discovered I was wrong to have narrowed my investment to these 2 coins. Today I have been making money from altcoins which makes me rarely have time for bounty due to active trading of altcoin.

[Bonwin]

The meme speaks volume. However, not all altcoins are worth being specially treated, because everything about them is just sh*t . They get dumped on others and after a short period of time, they become so useless that they worth nothing.
On the contrary, despite the challenges the present crypto market is facing, some altcoins are still able to have the feel of what being among the tops is. Those ones can still display some level of confidence.

[dunfida]

Survival of fittest. No reservations nor no special cases.

I do say the same impression or thing that i do have in mind.I dont care which one because in the end, the best one would really be on the top.
Its either bitcoin would reign until the very end or would be surpassed with other altcoin.No one really knows on what would happen ahead.
We cant even assure if that top spot would be patched up forever.What matter most here is to make money/profits by utilizing their movement.
If you do go for long term then it would always be like a gamble and also you cant blame out other people since we do have different insights
into different things.

[jajorforce]

Every altcoins, even Ethereum is following Bitcoin price. After changing Bitcoin price, every altcoins price changes, even fresh altcoins. From the whole coinmarketcap, Bitcoin has dominant over 65 percent. To become millionaires person Bitcoin can't help with low money, altcoins is also more risky than Bitcoin.  The top two coins won't change in 3 years, Chainlink and Vechain could enter the top 10 in a few years.

[coronga]

Altcoin is good, the reason of some people hate it because there is a lot of shitcoin around this crypto world, anyone should search carefully before buying any alts, there is a hundred option of good ones to get and the future is good.

[lienfaye]

Each crypto has their own uses and worth. Its just that bitcoin is the most popular crypto and recognize by many countries thats why alts are often compared that has less worth compared to bitcoin.

Plus there are many shitcoins existing nowadays which is not good for crypto ecosystem. New investors are ending up with shitcoins thinking its like btc wherein they can earn as time goes by.

Like bitcoin, alts are good investment as well but we need to choose where to invest because not all alts can give us profit.

[joshua123]

If you will combine all altcoin into single coin or they will merge maybe there is a chance to tie up with bitcoin. Altcoins have different usage and concept so investors are confuse which is which should be focusing on ca. Have both if we have huge money. But talking about worthiness, I am still go for bitcoin no matter what. But my aspiration for ethereum would never change as fan of this great altcoin other than that nothing more.

[coin-investor]

The rest is simply garbage and we should have a "CoinTrashCan" separate site so that we'd have where to truly fit them.

The trash can is really needed because most of them are just there occupying space in the personal wallets, exchanges and cmc. Bitcoin is a model for all but just few has followed the run few times. If we can have the repetition of the past in 2017, we could confirm those to hit the trash bin.

I have hundreds of this trash coin that you are calling and they are just totally waste of time and an eyesore every time I looked on my wallet, they do not contribute to the community and they are giving pain and heartache to the community, there are only very few new projects right now that are worth investing.

[Aaroenz0r]

The rest is simply garbage and we should have a "CoinTrashCan" separate site so that we'd have where to truly fit them.

The trash can is really needed because most of them are just there occupying space in the personal wallets, exchanges and cmc. Bitcoin is a model for all but just few has followed the run few times. If we can have the repetition of the past in 2017, we could confirm those to hit the trash bin.

I have hundreds of this trash coin that you are calling and they are just totally waste of time and an eyesore every time I looked on my wallet, they do not contribute to the community and they are giving pain and heartache to the community, there are only very few new projects right now that are worth investing.

True lol! At first, I was mad and desperate whenever I look at those coins in my wallets. However, right now, I just consider them as lessons and experiences. I would like to delete some of them if I could though!

[Davian144]

Altcoin is good, the reason of some people hate it because there is a lot of shitcoin around this crypto world, anyone should search carefully before buying any alts, there is a hundred option of good ones to get and the future is good.

Yes, and some smart people will certainly use their way of choosing good Altcoin, because hating Altcoin is not a good solution, but analyzing and researching all Altcoin is a very good way to do so that someone is not wrong in choosing Altcoin.