This is entirely Smooth propaganda.  I've never looked at it that way at all.  The way I've looked at it is, you use your judgement to find the thing with the best fundamentals and you will be rewarded for it.  The problem is that none of these altcoins have actually improved upon Bitcoin, so you wind up full circle.  The "altcoins as a gamble" is just something Smooth tells himself to rationalize that he's "gambling" instead of being a willing participant of a pump and dump scam by purchasing most things on Poloniex in hopes of flipping it.