If this not Bitcoin don't invest

[Forever101]

I will tell you for free that every altcoins is design in one way or the other to sort for funds from the public. This is the mechanism put in place to make you believe it will yield positive result at the end.

My observation
The owners of altcoins have one thing in mind , to catch out from your invested money on there coins and start up a new business or to support their existing business or to invest the money on bitcoins itself. So it easier for them to pull out the money from the exchanges forcing the price to hit zero.

If they have good mind , they can pump in money later when they have made profit from the business. If the business collapse or target not met, the coins automatically die.

No matter how promising an altcoins can be , bear in mind that the owners has his own reason for creating them which might not be made known on the white paper.  If it is not bitcoins , stay away from shit coins with hundreds of empty promises.

[Localhostspeed]

Altcoins are known for any kind of accusations you can mention but where there is bad eggs, sometimes you can also see some good eggs in there. Some altcoins for years are known for prioritizing their community, the team does as exactly as they say and they are decentralized to some degree even though they can't be like Bitcoin.

If you do your research properly, there are some altcoins that are worth investing. Coins like BNB, hype(this one don't play with the community) and many of them but there is nothing like best altcoins. Make sure you diversify your portfolio as possible and more of your investment should be on Bitcoin just for safety precautions.

[Donk1]

Yes, some altcoins are just designed to fail and because of that there is no possible utility in them. But still I won't say that all altcoins are worthless that isn't right. Bitcoin stand's top over all other coins because of the utility it offer  us ,but still don't forget that there are other altcoin projects like Ethereum, which was not created to be another currency but as a decentralized computer .
When you research deeper ,you will find out that those altcoins that fail are most likely to be aspirations for certain projects that are supposed to be better than Bitcoin but most of them end up becoming scams or failures. The main issue is that some people do not understand the difference between a project that has innovation, purpose and a token without any value. What people should prioritize is to learn the key difference between both. Furthermore Bitcoin is the safest and most important cryptocurrency, but for altcoins not all are safe, many are failures still There are few that has real purpose and value.

[Forever101]

Altcoins are known for any kind of accusations you can mention but where there is bad eggs, sometimes you can also see some good eggs in there. Some altcoins for years are known for prioritizing their community, the team does as exactly as they say and they are decentralized to some degree even though they can't be like Bitcoin.

If you do your research properly, there are some altcoins that are worth investing. Coins like BNB, hype(this one don't play with the community) and many of them but there is nothing like best altcoins. Make sure you diversify your portfolio as possible and more of your investment should be on Bitcoin just for safety precautions.

It will interest me to tell you that any altcoins seen doing well is a native token of an exchange, bnb, and others whose price went up drastically and the percentages of theit volatility is small . Any other coins that is not a native token of a Blockchain or exchange will definitely fluctuate with higher range and possibility of hitting zero

[Sticky Bomb]

I will tell you for free that every altcoins is design in one way or the other to sort for funds from the public. This is the mechanism put in place to make you believe it will yield positive result at the end.

Maybe not all altcoins are very fraudulent. I cannot really beat my chest and say that Eth and Sol are fraudulent, although there is a sort of centralization in the way it is propagated using Proof of stake  and not a more decentralized proof of work. Some altcoins are still fraudulent but the most scams occur in meme coins which are least stable and are created after a trend and without a strong foundation. most meme coins created has been rugged almost immediately and you don't need to be surprised because it takes practically almost nothing to create a new token on an existing blockchain with the most I've seen recently created on the Solana blockchain. Now you can create a new token without having much technical knowledge.

[Gozie51]

No matter how promising an altcoins can be , bear in mind that the owners has his own reason for creating them which might not be made known on the white paper.  If it is not bitcoins , stay away from shit coins with hundreds of empty promises.

You are kind of confusing altcoins and shit coins. There are some altcoins that are promising and have risen from their beginning to their current price. Take sol, Eth or BnB. They have performed very well and are also known as altcoins. Even dogecoin that was seen as shitcoin in the past have also been steady in creating trading volume. So there are altcoins and there are shit coins. You can invest in altcoins especially the three I mentioned and you get your investment return unlike shit coins that will only be hyped and afterwards they are gone.

[Marvelockg]

No matter how promising an altcoins can be , bear in mind that the owners has his own reason for creating them which might not be made known on the white paper.  If it is not bitcoins , stay away from shit coins with hundreds of empty promises.

There is Bitcoin which stands alone unique with the least amount of risk. there are altcoins that stands on their own part with some good ones as well as some bad ones. because of how many they are, it might be a bit defficult to know which can stand strong for the long term but that does not still make them completlely worthly. the creators of those altcoin though usually model these coin from bitcoin do not always have negative alterior motive. some want to see their coin doing as bitcoin is doing and we have  seen those likes that have remained relevant even after a long period of time. an example is the etherium. meme coin on it own end stands as the most risky one because for the most part, the creators of such coin just bring them into the market and when they have achieved what they are looking for, they just dumpt it, take there profit and forget about how there investors are fairing.

The exposure to risk takes the form of bitcoin being the least risky altcoins being more risky and meme coin almost looking like gambling because they are under the category of pump and dump coins. for safety sake, it is advisable to stick with bitcoin so you are at least certain that your investment is secured and that there is no reason to panick due to volatility.

[Ever-young]

No matter how promising an altcoins can be , bear in mind that the owners has his own reason for creating them which might not be made known on the white paper.  If it is not bitcoins , stay away from shit coins with hundreds of empty promises.

You are kind of confusing altcoins and shit coins. There are some altcoins that are promising and have risen from their beginning to their current price. Take sol, Eth or BnB. They have performed very well and are also known as altcoins. Even dogecoin that was seen as shitcoin in the past have also been steady in creating trading volume. So there are altcoins and there are shit coins. You can invest in altcoins especially the three I mentioned and you get your investment return unlike shit coins that will only be hyped and afterwards they are gone.

Honestly, i like to consider any coin that is non-Bitcoin as shitcoin, i don't know know about others but this is my own personal opinion, and i have my reasons. yes, there are several coins in the crypto space that others might consider to be profitable and worth investing in, due to their recent performances, but IMO, the only coin i believe is worth  investing on, is Bitcoin, and if it is not Bitcoin, then it shouldn't be any other. most of these tokens you have listed above are all centralized, which for me is a complete red flag, because even though they seem to be doing pretty well today, the project owners could likely come up with some kind of regulation that may affect the investors or even lead to loss of funds.

[Mia Chloe]

If this not Bitcoin don't invest

Don't you think your title can be a little misleading especially for newbies who are very new to the space and eager to invest? I agree that these altcoins are created solely for profit but the thing is if you take a decent amount of time and  work to understand the space then you have a very high chance of benefiting alot from it.

The good thing about bitcoin investments is that it is very lightweight, easy to do and more secure and off grid depending on how private you make your coins.

[TokenTikas]

Don't you think your title can be a little misleading especially for newbies who are very new to the space and eager to invest? I agree that these altcoins are created solely for profit but the thing is if you take a decent amount of time and  work to understand the space then you have a very high chance of benefiting alot from it.

Such a title may seem a bit daunting, especially for entirely new people. But I think the point was to emphasise that going beyond bitcoin means taking on more risk. There are profits from altcoins, but it's a bit like gambling if you don't understand it correctly. So starting with bitcoin is probably the safest way. The rest will come gradually, with learning, understanding, and giving it time.

[Cryptohygenic]

If this not Bitcoin don't invest

Don't you think your title can be a little misleading especially for newbies who are very new to the space and eager to invest? I agree that these altcoins are created solely for profit but the thing is if you take a decent amount of time and  work to understand the space then you have a very high chance of benefiting alot from it.

The good thing about bitcoin investments is that it is very lightweight, easy to do and more secure and off grid depending on how private you make your coins.

At the mentioned of newbies and the Op title, make e just be say na awareness via the risk of investing in the alt coins em dey try to create with the scene shaa but make e no com be say every alt Coins dey worthless to invest on. Atleast Ethereum dey dia doing well even though if em no dey comparable with the bitcoin. If we want talk about worthless alt coins, na those way don lost values on dump.
So the matter be say e dey very hard for newbies to understand the risk and highily volatile concepts of the alt coins and same time figure which coin get the potential of wetin em want. So as well for am to build that emotions to accept the outcome by understanding say Investing in alt coin no need much capital with the mindset say anytin profit or lost for happen anytime anyday.
Make e no com be say bitcoineers dey engage of market hyping sentiment like the alt coins developers marketing strategies.

[Man of peace]

Thank you so much for your information about the altcoin,but my question is how do we know the real altcoin incase if one what to invest, and again does it mean that they don't have regulartaring bodies who can go against the bad altcoin so as to stop them from introducing fake altcoin uses it to scam people, because if something is not done immediately,it will discourage people from investing in altcoin even if it's the real altcoin because people have lost trust on them..

Or is that mainly established just for scamming people all over the world and nothing is being done? did they not have an objective for the establishment of the altcoin..?

[Nathrixxx]

No matter how promising an altcoins can be , bear in mind that the owners has his own reason for creating them which might not be made known on the white paper.  If it is not bitcoins , stay away from shit coins with hundreds of empty promises.

If you're a newbie, then don't consider altcoins, because you may end up being disappointed completely, not only that, you would have lose your asset invested on any one of them, we have seen the incidence of pump and dump, the effect of bankruptcy and many other challenges a crypto project may face to hinder it from making progress to its next phase, while Bitcoin cannot behave in the manners these other coins are.

[Bitco55]

I will tell you for free that every altcoins is design in one way or the other to sort for funds from the public. This is the mechanism put in place to make you believe it will yield positive result at the end.

My observation
The owners of altcoins have one thing in mind , to catch out from your invested money on there coins and start up a new business or to support their existing business or to invest the money on bitcoins itself. So it easier for them to pull out the money from the exchanges forcing the price to hit zero.

If they have good mind , they can pump in money later when they have made profit from the business. If the business collapse or target not met, the coins automatically die.

No matter how promising an altcoins can be , bear in mind that the owners has his own reason for creating them which might not be made known on the white paper.  If it is not bitcoins , stay away from shit coins with hundreds of empty promises.

When it comes to crypto investments, or any investment at all, risk management and proper research is key. Though Bitcoin might be the most secure and established of cryptocurrency, I wouldn't say all altcoins aren't worth investing in. Some are definitely overhyped and are built to fail but some are actually really good, solving real problems, and have really strong use cases.

So, it all boils down to proper research. If you want to make an investment, it's best to invest in Bitcoin though, but if you want to diversify your investment, then make proper research.

[Kagaru]

I will tell you for free that every altcoins is design in one way or the other to sort for funds from the public. This is the mechanism put in place to make you believe it will yield positive result at the end.
No matter how promising an altcoins can be , bear in mind that the owners has his own reason for creating them which might not be made known on the white paper.  If it is not bitcoins , stay away from shit coins with hundreds of empty promises.

It would also be reasonable to observe that not all altcoins are necessarily scams. The relevance of most projects becomes evident when they may actually solve a real-world problem, such as smart contracts, decentralized storage, or scaling solution projects, just to give a few examples. And Ethereum itself began as an altcoin, and without it, we would not have DeFi and NFTs in the forms in which we now know them. The distinction is that very few of these projects have massively-engaged communities, actual developers and not just speculative adoption. Like what you have said, I think there is one thing that investors should have in mind. Anyone who holds altcoins be aware that it is a much greater risk than merely holding Bitcoin Bitcoin has been around, it is decentralized and it has a clear purpose. Alternatives (altcoins), though, often rely on the team and their ability to continue to fund the development. When the funds run out or when founders lose interest, a project dies rapidly and how beautiful the whitepaper may have been.

My personal advice to newcomers is, Bitcoin is the best bet in case you are seeking a secure long-term form of value storage. When it comes to messing around with altcoins, make sure that you view it as speculation rather than an investment, and never engage it using money that you cannot afford to lose. And at least now you wont feel turned over with it, in the event that the team will cash out and the project will go away.

[Silikiem]

If this not Bitcoin don't invest

Don't you think your title can be a little misleading especially for newbies who are very new to the space and eager to invest? I agree that these altcoins are created solely for profit but the thing is if you take a decent amount of time and  work to understand the space then you have a very high chance of benefiting alot from it.

The good thing about bitcoin investments is that it is very lightweight, easy to do and more secure and off grid depending on how private you make your coins.

I think the title is a straightforward one and looks very polite in such a manner that truly we all know bitcoin as the most valuable among every other assets and not only is it valuable, it is more secured and more reliable. Bitcoin has been in existence for years and will continue to be, so many other altcoins have come and couldn’t stand the test of time, they vanished away and performed poorly, and most of this altcoins depends on bitcoin for most of their performance. So I think is fair to say that if not bitcoin, don’t invest

[Youngrebel]

If this not Bitcoin don't invest

Don't you think your title can be a little misleading especially for newbies who are very new to the space and eager to invest?

The first thing that came to mind after reading the Op content was the topic. The topic is not correct and if I will rename the topic, I would say "If Not bitcoin, Don't Invest". Now with this what Op said is coherent with the topic but with the one he name they are not.
Coming to altcoins, well some of the investors believe in diversification of investment but we need to be careful of which of the altcoins we are investing on. As the Op said some are there to siphon our investment funds. And the only trusted cryptocurrency is bitcoin.

[Makus]

I will tell you for free that every altcoins is design in one way or the other to sort for funds from the public. This is the mechanism put in place to make you believe it will yield positive result at the end.

My observation
The owners of altcoins have one thing in mind , to catch out from your invested money on there coins and start up a new business or to support their existing business or to invest the money on bitcoins itself. So it easier for them to pull out the money from the exchanges forcing the price to hit zero.

If they have good mind , they can pump in money later when they have made profit from the business. If the business collapse or target not met, the coins automatically die.

No matter how promising an altcoins can be , bear in mind that the owners has his own reason for creating them which might not be made known on the white paper.  If it is not bitcoins , stay away from shit coins with hundreds of empty promises.

Usually that's what majority of the project owners think, but i doubt if everyone has that intention as raw as you have put it to be. Altcoins now are days are filled with scam projects, now we no longer fear if a project will do well or not, the most dreaded part is find a project that has passed all the quality test of a reputable reject yet they yet they're still end up becoming a scam project. Scammers these days are just concerned on how they can make money from crypto by rugging people, however it's  best to stay away from those project when you're cannot  be certain when to enter or sell your crypto. I've seen coins do their ATH in very small amount of time. So imagine  during this time you were sleeping after watching the market for days or throughout the night.

[Lembo69]

I will tell you for free that every altcoins is design in one way or the other to sort for funds from the public. This is the mechanism put in place to make you believe it will yield positive result at the end.

My observation
The owners of altcoins have one thing in mind , to catch out from your invested money on there coins and start up a new business or to support their existing business or to invest the money on bitcoins itself. So it easier for them to pull out the money from the exchanges forcing the price to hit zero.

If they have good mind , they can pump in money later when they have made profit from the business. If the business collapse or target not met, the coins automatically die.

No matter how promising an altcoins can be , bear in mind that the owners has his own reason for creating them which might not be made known on the white paper.  If it is not bitcoins , stay away from shit coins with hundreds of empty promises.

Currently, new investors are struggling to understand which coin to invest their money in, altcoins or bitcoin. If you want to profit from investment in the future and invest with the future in mind, then I would say invest in bitcoin. Because if you ask a skilled investor which coin is better to invest in, he will probably say that if you want to make a lot of money in the future, then invest in bitcoin. By investing in bitcoin, you can also increase your portfolio very easily.
The risk of losing your money in altcoins is high. Altcoins are not as safe as bitcoin. The possibility of hacking in altcoins is high. Again, investing in altcoins will not be as profitable for your future. As much as you will get from bitcoin.
Because bitcoin is showing its cycle step by step. And people investing in bitcoin are also making profits. Therefore, Bitcoin will be the best way for you to invest safely and securely.

[Odogwu-Blockchain]

No matter how promising an altcoins can be , bear in mind that the owners has his own reason for creating them which might not be made known on the white paper.  If it is not bitcoins , stay away from shit coins with hundreds of empty promises.

OP, if you are been given heavy sum of money to develop altcoin with your team, is that what you'll do to your project? Having bad intentions and disappear when it's rough?,

The point is that, if you haven't tried it before, don't castigate, building a project that's not even crypto is never a chaise play, you only saying these crap because you haven't been there.