Should altcoins be blamed?

[fuguebtc]

it shouldn't be, where bitcoin stands alone because it has the highest throne, if investors are wise then they will avoid altcoins which will give big losses, let's take the example of meme coins which are coins that make crypto bad in the eyes of the public, because meme coins are coins that rely on fomo and just hype, if the main coin collapses then the meme coins will disappear without a trace, so basically if you want to invest in altcoins you have to do research first for altcoin coins,  that are not in the top 10 CMC or even public

Doge is also a meme, shiba is also a memecoin and they still exist today and thanks to them many people have become rich. In your opinion, are people who become rich by investing in doge or shiba stupid? In 2023 even though bear season is still raging and leaving many bitcoin investors unable to make significant profits. But in the market there appeared a memecoin project called PEPE and I bet you also know about it, it increased more than 1000 times and helped people make good profits, do you think they are idiots?

Altcoins are risky but that doesn't mean they are all scams. Just because you can't find the hidden gems, others won't either. Bitcoin is the safest investment and no one can deny that, but investing in altcoins is not as bad as you are saying.

Shiba is not pow thus it is garbage.

Scrypt = POW it merge mines LTC+DOGE it is the second  biggest POW ALGO it earns 1.3 million per day for mining.

satoshi based all POW on Power makes the value.

If you believe in BTC and POW
You really need to believe on LTC/DOGE and POW

Not more complex than this.

If we talk about technology, safety level...then Shiba is really trash because it has no utility or safety as it is just POS. But what I am talking about here is profit because we are here to seek profit, not just to seek technology. So, it would be incorrect to say that altcoins, memecoins are trash and useless even in terms of profit. Shiba, doge and many other altcoins have grown thousands of times, bringing profits to many investors. How can we say they are completely useless? They are useless in terms of technology and utility, but in terms of profit, that is not true. I believe that doge and shiba will continue to grow and bring great profits in the next bull season.

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[Wexnident]

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I don't think there's a need to? I'm pretty sure anyone who does simply doesn't understand how investing works in the first place or is just that bitter about his investment loss a couple of years back. While I would also place blame on altcoins that were intentionally made to scam people, investors who still went ahead without prior research are also to blame themselves. Being scammed is rather different from being ignorant and while the investment trade isn't exactly a place where scams are allowed, we all know how it really goes.

I'd much rather pity someone who got scammed by an emergency call than a person who invested in a shitcoin and started blaming others really. The former doesn't know jack, while the latter may not know it all, they at least know what they entered.

[Ale88]

My question is should altcoins really be blamed for hate some persons have for Bitcoin due to their loss in alt coins?

So pretty much you're asking if instead of blaming themselves, people prefer to blame something they decided to purchase? Of course! No one likes to admit that he did something wrong, it's easier to blame someone else or something else, they feel better that way. Admitting that we were wrong is not easy, for many people it's actually impossible.

If we make a mistake and it is our fault, we should frankly admit it, that will help us know where we went wrong and find ways to fix it. As for the types of people who never admit they are wrong and like to blame everything, these types of people will never get better. Not only crypto market but any financial market will have scams, fraud... and if we only blame others and everything, we will always be losers in every game. I find admitting mistakes is not too difficult but you are right, many people cannot do that and to me they are failures.

Of course those people will never improve: if you have that kind of mentality you'll keep thinking that the whole world is against you, that if you fail it's not because you lack in experience and/or capacities but because someone is against you and doesn't want you to succeed. And usually those people just keep complaining with others and hope they fail as well.

[Lorence.xD]

Users who had understood well about cryptocurrency will not blame altcoins or take any other second view. The responsibility is to focus on the market and achieve the best out of it. Not everyone is able to be successful out of cryptocurrency. People who hadn't succeeded investing into altcoins will blame it. This isn't fair, because there are people who had made themselves millionaire through altcoins. There are altcoins that provides with high rate of interest, it is our knowledge that finds it among the crowd.

They should blame themselves instead of blaming the entire market. Besides, the results of their doings are what they have ripped off and it was losses from investing shitcoins. Yes, if we know how to choose coins for investment, I don't think there is someone who will fall into big losses and regrets but unfortunately, many we're still blind and have no knowledge of how this works which leads them to invest in worthless projects. I can feel their sentiment but they have accepted the fact that every mistake will make us lose our money instantly.

They couldn't help to blame themselves since they would be guilty of having a bad decision in the crypto industry, which is why some of them would say that the market is sht. We can actually say that shtcoin or altcoins have random volatility which causes the investors to have wrong calls in the market, but if you are a smart investor, you would know how to take advantage of the shitcoins as they are not literally for long-term investment as you can earn a quick profit, but of course, it's not that high amount. The thing is, whenever they experience losses in the process, they take it badly and won't learn from their mistakes. Be smart, and do your own research into some worthy projects cause the internet there's a lot of hyped projects that can easily attract people but literally trash, that is why you would need to do some research first before investing your money.

[Marvelman]

I get why some peeps aren't into investing in Bitcoin, everyone's different.  But seems like interest keeps growing - can't blame people for being curious and  personally Id tell my friends Bitcoin over random alt coins any day.  Not that some alt coins don't have potential but Bitcoin just feels more solid. Course if you wanna speculate and take some risks, maybe higher rewards with the smaller cryptos.  But as a safe bet stick with the big dog.  Even throwing a bit of cash Bitcoin's way here and there can add up over time.  Thats my two cents anyway.

[AbuBhakar]

However my main interest here is solely towards those who have invested in crypto in the past.Most of these persons hate Bitcoin and other Crypto currencies due to the great loss they suffered from dips in alt coins .most of these losses were as a result of improper understanding and experience before attempting massive investments.Of course some early adopters of Bitcoin who sold or lost access to Their coins have also lost faith in the crypto verse.
My question is should altcoins really be blamed for hate some persons have for Bitcoin due to their loss in alt coins?

The blame should be pointed out to the trader themselves for ignorance on the real essence of trading. They will never suffer huge loss if they will not invest big regardless of altcoin since trading is just competing with other traders for better buy and sell price. Even without the existence of altcoin, There’s still a lot of users that will blame Bitcoin for their losses since there’s no way everyone will be in profit in trading.

They should blame themselves for not being prepared and educated on the risk associated by trading instead of blaming it to the token that they trading by themselves wothout anyone forcing them to purchase it

[taufik123]

Of course those people will never improve: if you have that kind of mentality you'll keep thinking that the whole world is against you, that if you fail it's not because you lack in experience and/or capacities but because someone is against you and doesn't want you to succeed. And usually those people just keep complaining with others and hope they fail as well.

Such a mentality is a disorder that makes his social life also influential and always suspicious of what others do.
Does not accept when he loses or suffers losses and says that anyone is sabotaging.

When in fact there is nothing to blame, When the loss in trading is not due to the altcoin chosen, but it is one's own fault.
If we as traders are smarter, then we can get past these mistakes.

[Minecache]

However my main interest here is solely towards those who have invested in crypto in the past.Most of these persons hate Bitcoin and other Crypto currencies due to the great loss they suffered from dips in alt coins .most of these losses were as a result of improper understanding and experience before attempting massive investments.Of course some early adopters of Bitcoin who sold or lost access to Their coins have also lost faith in the crypto verse.
My question is should altcoins really be blamed for hate some persons have for Bitcoin due to their loss in alt coins?

The blame should be pointed out to the trader themselves for ignorance on the real essence of trading. They will never suffer huge loss if they will not invest big regardless of altcoin since trading is just competing with other traders for better buy and sell price. Even without the existence of altcoin, There’s still a lot of users that will blame Bitcoin for their losses since there’s no way everyone will be in profit in trading.

They should blame themselves for not being prepared and educated on the risk associated by trading instead of blaming it to the token that they trading by themselves wothout anyone forcing them to purchase it

Yes, even without altcoins, some people will blame bitcoin if their investments lose money. In my opinion, this is not the fault of bitcoin or altcoins but the fault of traders, who are knowledgeable. But the funny thing is that there are quite a few comments trying to blame altcoins when it was their greed that caused them to lose money. Because if they weren't greedy and didn't invest in altcoins they would never lose money.

I don't understand why people like to blame Altcoin, centralized exchanges every time they lose money? Because if they stay away from them, they will never experience any damage.

[MFahad]

We cannot blame bitcoin or altcoins but its our faults that we failed to get profit from it therefore blaming an asset does not create any sense. I think if a person knows basic things and familiar with using accurate strategies on right time then he cannot say about crypto that it is not trustworthy.

Bitcoin is a solely coin that doesn't give loss to its users so when they loss money due to their carelessness then they should agree to receive their mistakes instead of putting all responsibility on bitcoin. In altcoins we can say that all of them are not able to give its holders profit because they dies after some time so users can blame altcoins but also there are some mistakes of crypto users as they don't investigate deeply but buy unknown coins. Get a complete knowledge is needed for attaining good revenue instead of blaming altcoin or bitcoin.

[Ale88]

Of course those people will never improve: if you have that kind of mentality you'll keep thinking that the whole world is against you, that if you fail it's not because you lack in experience and/or capacities but because someone is against you and doesn't want you to succeed. And usually those people just keep complaining with others and hope they fail as well.

Such a mentality is a disorder that makes his social life also influential and always suspicious of what others do.
Does not accept when he loses or suffers losses and says that anyone is sabotaging.

Yes, it brings also to being over suspicious, thinking that there always is some kind of plan against them. I have a few friends like that, the worst thing is that they don't want to realize what their problem is even when you actually explain it to them and you tell them that you made the same type of mistake in the past (I'm talking about buying shitcoins and losing money). Some people just don't realize how ridiculous is the simple idea that there is someone out there, waiting for you to make a move, and then somehow scam you.

[uneng]

My question is should altcoins really be blamed for hate some persons have for Bitcoin due to their loss in alt coins?

People should be blamed by their bad decisions, not altcoins. There have always been lots of experienced crypto investors and enthusiasts telling people to invest the biggest portion of their crypto funds in BTC and to be very careful with altcoins, due to them being much more volatile and having usually a short lifetime inside the industry, but people are stubborn and don't listen to the advices, going ahead on their greediness expecting to grow their funds into x100 or x1000 overnight. Then once they are scammed, they start complaining and blaming altcoins for that...

In my opinion it's just an excuse to not take responsability for their own mistakes. It's always the fault of someone or something else, but never theirs, what is a pitty, since it never contributes for their own personal growment as stronger and wiser individuals.

[coupable]

Users who had understood well about cryptocurrency will not blame altcoins or take any other second view. The responsibility is to focus on the market and achieve the best out of it. Not everyone is able to be successful out of cryptocurrency. People who hadn't succeeded investing into altcoins will blame it. This isn't fair, because there are people who had made themselves millionaire through altcoins. There are altcoins that provides with high rate of interest, it is our knowledge that finds it among the crowd.

In fact, there are many currencies that are useful and perform a function in the system in which it was built. But given the huge number of cryptocurrencies, it can be said that the number of useful currencies is very small and almost negligible. Any currency must have a function that determines its market value, otherwise it will not be a safe investment tool.
It is not possible to say that these currencies are a necessary evil, but rather everything that happens because of these currencies are experiments in the development stages. It is an empty market and it is not easy for any project that includes a cryptocurrency in its system to prove its importance in maintain the system.

[Sarah Azhari]

My question is should altcoins really be blamed for hate some persons have for Bitcoin due to their loss in alt coins?

There are many immature people in this world, I am not surprised by this phenomenon, but as far as I know, people like this don't affect anything with the crypto, because many people out there like the crypto than hate it. So let it pass, what important now is they cannot influence who believe crypto long time ago. as we look now, Crypto prices is still keep rising and many people are increasingly interested in buying it. so if indeed hated it, bitcoin and altcoin was dead a long time ago, in fact today more growing up and maybe rising multiple time when many country adopt it. So, no one is to blame, they just can't play like us and are jealous of development.

[Dzwaafu11]

My question is should altcoins really be blamed for hate some persons have for Bitcoin due to their loss in alt coins?

Why will they blame altcoins in business? You have to take a risk, and you will go with a two-minute set, whether you lose or gain, so they lose. Why are they going to blame altcoins? It doesn’t make sense to me. However, they also did not invest what they could afford to lose by then due to greed and high expectations of profit. So this set of people think bitcoin will also go the same way for them; they don't think they are the ones to blame themselves, and that is why they hate bitcoin, which is not the case; they don’t have the knowledge of bitcoin, so I think they hate it because they lack the knowledge. Even though their first experience in crypto investment contributed, they will learn and research bitcoin.

Not that some alt coins don't have potential but Bitcoin just feels more solid. Course if you wanna speculate and take some risks, maybe higher rewards with the smaller cryptos.  But as a safe bet stick with the big dog.  Even throwing a bit of cash Bitcoin's way here and there can add up over time.  Thats my two cents anyway.

Yes. Peace of mind over everything, man Bitcoin has less risk, although there are other altcoins that are also doing well, but seriously, bitcoin is different in terms of peace of mind. When someone invests in bitcoin, you don’t have to worry about it; just leave the funds there, and with time it will grow. Unlike altcoin, you may think of crashing or losing your funds in the sense that they may disappear at any moment, which is impossible in bitcoin. So anybody who invests in bitcoin cannot panic or lose unless they can’t cope with how the system is moving.

[bitterguy28]

A lot of persons who despise Bitcoin or crypto currencies in General were once involved in them.some of these persons hated Bitcoin and crypto in general because of some common reasons.

Correct , most of them are blaming the market because of their own stupidity and mistakes in life.and mistakes in their expectation as they did not work to learn and add knowledge first instead they have already believed what they even heard and followed.
also they have been in the market purely to earn and that is their main mistake because they did not know that this is a two way market and not just solely for profiting but to use as currency.

My question is should altcoins really be blamed for hate some persons have for Bitcoin due to their loss in alt coins?

no one or nothing to be blamed  but themselves  because  though there are lots of promise from the team yet this is their decision to make and it is their money that involves .

"Blame should be for them, For Not trusting Bitcoin instead" because majority if not all altcoins are BS and scam .

[R100K-Martin-Lunger]

I think that people are naturally wary of Altcoins given that they’ve been burned and that’s mostly due to the scams and their volatile nature. If judged incorrectly there is a potential to lose a lot of money. But just like with gambling there is a lot to gain as well. Historically we can see that while people can lose with Altcoins, they can gain a lot more with the right investment strategy. Especially during a bull-run or pre bull run. I for example have been rebalancing my portfolio investing in bitcoin and altcoins and I’ve managed to exceed even bitcoins profit these last few months.
I personally don’t believe they should be blamed. It’s the market and with the right strategy you could make plenty as long as you invest carefully. They’re a resource and there is no point in hating the resource.

[rodskee]

To somebody who has failed in altcoins and stayed away from Bitcoin because of that, he/she hasn't learned his/her lessons yet.

+1 in here mate , you should learn from those mistakes or unless they are a true weak and surrendering
and not  willing to really learn but only to earn speedy and I hate those people that only blame those things that did not bring them
what they wanted instead of using it to learn a lesson.

And my own question is, should Bitcoin be blamed based on the hatred people have for altcoins?

No mate and will never , Bitcoin nor altcoins are coins so what are they to be blame? does those coins acting for us? or we are acting for those?
altcoins and bitcoin are not to blame but Humans.

[peter0425]

When you decide to invest in crypto , there is no force from anyone or anything but you .

You are the one who seeks for places to bring you profits and that is why you entered this market not knowing deeply about the risk and the possible reverse turn out choosing the wrong investment.

So for me , Nothing to be blame but your goal and interest , you should have ask this forum first or at least dig deeper towards crypto market.

so either Bitcoin , Altcoin or fiat? it is nothing to do with your losses, because it is you that will make your future.

Just Invest in bitcoin if you want the safer and best one.

[Kelvinid]

My question is should altcoins really be blamed for hate some persons have for Bitcoin due to their loss in alt coins?

There are many immature people in this world, I am not surprised by this phenomenon, but as far as I know, people like this don't affect anything with the crypto, because many people out there like the crypto than hate it. So let it pass, what important now is they cannot influence who believe crypto long time ago. as we look now, Crypto prices is still keep rising and many people are increasingly interested in buying it. so if indeed hated it, bitcoin and altcoin was dead a long time ago, in fact today more growing up and maybe rising multiple time when many country adopt it. So, no one is to blame, they just can't play like us and are jealous of development.

We can't blame them either because they don't even understand how the market works. If these people just know that these altcoins are worthless, they surely don't waste their money buying them but unfortunately, they don't have enough knowledge that help them decide which is why they fall into the wrong investment. It was not surprising anyway in the sense that many people have invested in crypto, particularly in altcoins because of the influence of social media and they taught that these influencers really know crypto.

[Blitzboy]

We cannot blame bitcoin or altcoins but its our faults that we failed to get profit from it therefore blaming an asset does not create any sense. I think if a person knows basic things and familiar with using accurate strategies on right time then he cannot say about crypto that it is not trustworthy.

Bitcoin is a solely coin that doesn't give loss to its users so when they loss money due to their carelessness then they should agree to receive their mistakes instead of putting all responsibility on bitcoin. In altcoins we can say that all of them are not able to give its holders profit because they dies after some time so users can blame altcoins but also there are some mistakes of crypto users as they don't investigate deeply but buy unknown coins. Get a complete knowledge is needed for attaining good revenue instead of blaming altcoin or bitcoin.

You make a good point about Bitcoin and altcoins being blamed for investment failures. Remember that investing in cryptocurrencies, like any financial activity, is risky and requires personal responsibility. We must stress the relevance of bitcoin investment knowledge and strategy. Bitcoin may be a stable asset, but investor hastiness or ignorance might lead to losses. Altcoins vary in stability and endurance, but they demand knowledge and deliberate investment. The user's ability to navigate cryptocurrency's complicated, developing ecosystem matters more than the assets' inherent worth. Not simply possessions, but informed choices and personal responsibility determine success in this arena.