I agree about wasting time -- and money! -- on alt coins.  But I think it's a bit unfair to characterize the alt coin universe with the broad stroke, "They're being created to take advantage of people who get super excited about different things and then get pumped and dumped." That seems like the pot calling the skillet black. A bit disingenuous, is it? Kind of like the descendants of poor European immigrants to the U.S. now decrying the immigration of poor Latinos to the U.S. Just because one was here first does not justify demeaning all who come later.