Altcoins are really a lot. But very few promising. I think that now you should not rush to invest. Because only experienced investors can choose from such a large number coin of good coins.
unfortunately it does not necessarily have anything to do with experience.
even old rabbits in business fall for false promises. of course there are many
alt projects because the temptation is very big to rip people off. as long as
there are people with bad intentions and additionally people who dream of
rich over night it will stay that way.

On point and this is where do these scams do still exist nowadays because of those greedy people who do just like to make or earn easy money without even
thinking on the possibility of being a scam.They are being blinded by their greed and in result its been used by those scammers to take advantage to those people
who do have this kind of thinking.The cycle continues as this market involves out money yet even its hard to accept but there would always those guys
on having this mindset.