I also don't believe in new coins. I twice invested in coins turned out to both be shitcoin. it's better to invest in bitcoin. but I also still believe in old altcoins like ripple, litecoin and ethereum. Even though the altcoin market is experiencing a decline I still believe in the altcoin that I hold. I am optimistic when bitcoin goes to the moon and the coins I hold will also increase. but of course my main investment is bitcoin.
I understand how painful it is to put money in a project and to later see that such project is a scam project or turn out to be a very bad project, but I dont think that we should because of that now condemn all coins that are in the market and are starting up newly.
If we take a look at the environment where we are living now, we will see that we have lots of bad people in our neighborhood, but that has not made the authority to just come and judge everyone around that place as a bad person, they take their time to investigate the neighborhood in other to spot out that bad ones which is what I think we should be doing right now too because if we keep condemning the new projects, how can we get new innovative to come out of this Blockchain technology.