Aww man, you're so mean, altcoin market is taking a beating right now, while bitcoin dominance is growing.
Yes buddy i am truly sick of the alt coin market as i lost a shit ton of money to all the scams and projects who started just to loot our money and then dump their coins in the exchange and run away with the investors money, i knew the market would eventually turn like that without any regulation
Even with regulation, this is what the startup space has always looked like. There's a really high rate of failure. That's why the pink sheet stock market is often criticized for being rife with scams just like the ICO market. The bottom line is that providing seed money is a high risk, high reward investment. If you're not willing to immediately sell into the initial hype for some fast gains, most of your (long term) bets will be losers. However, the couple winners you back
could set you up for retirement. You need good reads, patience, and some degree of luck is required.