There are so many coins being created it's a job to keep up and try to get in while they are still mineable... In a month will there be 50+ altcoins? I was happy with new coins being created, but is this too fast and too overwhelming?
dont worry, lifespan of a new alt coin will be less than 2 weeks
Since its used for manipulation and only, and since everyone knows that early adopters will make some profit, its just a game of"phew i sold and im not trapped" thing. They will get over it in time 
In the meanwhile, play and enjoy the game