This happens a lot, sometimes when people experience losses they blame other people and even consider the coins to be fraud even though what actually happened was purely our own fault because we were mentally unstable so we made the wrong decision. So it is important as a trader or investor to have a stable mentality and healthy psychology.

Yes I agree. A successful person will definitely use their mistakes as experiences in the future, not even Atlcoin who is blamed. Because there are so many altcoins that have good and solid fundamentals. It's just that we have to be smart in choosing it and know when is the right moment to buy and sell.

I don't think you should hold altcoins responsible for your ideas not working out the way you had intended. Recognize that prior to making an investment, someone must possess the necessary knowledge about the business you wish to start. Anyone who has invested in altcoins after seeing Bitcoin and choosing not to buy it, in my opinion, is doing so because they value altcoins more than Bitcoin. Because no one forced you to invest in altcoins, you didn't have to blame altcoins if they later turn to scam project, instead, you had to blame yourself for choosing the wrong altcoins.

It appears to me that virtually no cryptocurrency has potential, and those that do aren't comparable to Bitcoin. With minimal risk, Bitcoin is currently the best investment in the cryptocurrency market, having shown us its strength over time. Indeed, a few altcoins that showed promise a few years ago are now down and nowhere to be found. As a result, if you wish to invest in the cryptocurrency space, buy Bitcoin as it carries less risk. However, you should only ever invest money that you can afford to lose.

There are many people who invest in Bitcoin who have no skills and no deep knowledge of it, because others only invest in it because of what they hear that is positive about it. Let's face it: in short, only those who are really hyped.

Today, there are also people who are able to invest in Bitcoin because they also have a deep knowledge of it and a wide knowledge of the trading industry in the crypto space, to be honest.

If an investor loses money due to some mistake of his own, then he should not blame his Bitcoin or any other crypto currency for that mistake. If you don't know enough about investing, but if you are trading futures with maximum risk, is it safe for you? There are many investors who see the profit of others and invest good amount of money in various altcoins in the market which have very low market volume. Low market volume means people trust that coin less and people are buying and selling a lot of that coin but if you invest huge amount of money in that coin without understanding everything and lose money and later blame the crypto currency then that is a wrong move for you.

At the beginning of investment first select good quality coins then invest in those coins hope crypto currency will give you good things.

The answer depends on individual perspectives; blaming altcoins may be valid for those who suffered losses, but others may attribute it to personal investment decisions.

@op, altcoins aren't to be blamed for anything, bitcoin was never meant to be the only cryptocurrency that will exist, else, there wouldn't have been other crypto currencies we all refer to as altcoins today, and besides, altcoins have been a blessing and a life saver to bitcoin far more than any of us can ever imagine, why did I say this? I will explain below.

Think about all the altcoins we have today, think about all the number of transactions they pull and confirm every seconds of the minutes and hours of the day, now, imagine what the bitcoin network would have been like right now, if all of this transactions were carried out only through bitcoin, by now, I believe that, to send maybe like $5 worth of bitcoin, you possible may likely have to pay up to $100 or more in transaction fees, and you may still have to wait for like days before you get a confirmation due to the hundred of millions, if not billions of transactions waiting on the list.

Altcoins to me are more of a blessing to the welfare of the bitcoin network, other than something to be blamed for those who gave up on crypto because of one misfortune or the other.

There is both winning and losing in investing. Everyone who invests should know this. Everyone should do research and know the dynamics of the market when making investment decisions. It would not be right to blame BTC because comparing BTC with an altcoin would not be a correct comparison.

As you spend time in the market, some things can be interpreted better. You are right that we will not suffer any losses as long as we continue to hold Bitcoin.

We can not explain the reason while some people in different countries is afraid of bitcoin, I know quite well that what makes people to be afraid of bitcoin is the information they acquired from people who is against bitcoin, I know quite well from the initial that while people is afraid of bitcoin is because government is against the development of bitcoin starting from the day one bitcoin is been introduced so we can not blame them because they ignorant of bitcoin, so I believe that the major objective while bitcoin is existing today is because is a decentralized kind of exchange.

I don't think so, altcoins and bitcoins are two entirely separate entities in the world of crypto investing. They are not comparable. An investor can't have their investment made in altcoin and they lose to it, they now begin to blame bitcoin for the loss of their altcoin investment. Where is it done, that one loses to something(altcoin) out of their own mistake, and they begin to blame the other(bitcoin) just because they share the same space? That's unreasonable