I don't quite like such statement, far too broad IMHO.
You don't like a coin, call it shitcoin all you want. But the fact is that inside all those new coins, most of them have low technological value or usecases but SOME OF THEM have something unique. Be it usecases like ETH and ICO or technological differences like Monero or GRIN. It's easy to call everything not bitcoin shitcoin but it's unfair and innacurate. There is value everywhere including in the altcoins.