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
To be sincere, anyone generalizing that all altcoins are bad is certainly wrong. There are thousands of them out there, there are even countless of them coming up everyday, so yes it's wrong to say such. There are projects out there with good use case, working products, working services which everyone is seeing as well as using such as Binance exchange, where different fiats are supported; such as Ethereum blockchain where projects are given the opportunity to launch on, use of smart contracts etc. The only important thing is, one should be careful of what a project says it offer mostly the new projects, in such case a study has to be carried out to be on the safer side.