People who want to throw 46BTC at it while they have almost no experience with cryptocurrencies make me shiver too.
It makes me happy. Watching failure is watching people learn. It's also a sort of automatic feedback system for putting them in their place, egos and all. Once they lose almost all of that 46 BTC on a stupid FTC buy order, they've learned a lesson, and will refrain from making future stupid bets on brand new cryptocurrencies.
I'm rather against government authorities using their power for protecting people from their own stupidity. Government should only be using their power for protecting people from other people's stupidity. And those speaking out against putting alt-coins on exchanges that seem like pump n dump schemes remind me very much of the government when it makes laws that try to protect people from their own stupidity.
QFT. I don't believe in many of the companies on the stock market I invest it, but if I can make money off of them then I'll invest in the short run. Where will FTC, CHC, etc.. go? Probably no-where, but I don't mind making some money and being along for the ride.
Overall I'll stick with BTC and LTC since I believe they will stick around for awhile and make a difference in the market of things, awesome for payments and holding. No reason to get upset about other coins though.