For me, i do not think everyone failed altcoins, instead altcoins failed us.
A new project will show up, introduce a product, request for crowdfunding via ieo or ico, we buy in thousands as investors, Then token lists, price soars 2 times ieo price, Then team dumps, leaving investors to their faith.
Altcoins will refuse to launch their product, instead, delay announcement until they dump all and go awol.
I am a investor, i do not invest in crypto currency to be compassionate, but to take profits. Altcoins should so seriousness and put their all to make projects a success.
Altcoins rely on us all, as an investor, community member, bounty hunters, but give little in return.
It has to be a fair affair i suppose.
You are totally on point buddy! Altcoins failed us, at least most of the altcoins did that! Even still maximum IEO projects are doing the same, after soaring in price, the whole team or one of the team members dumping the coin! Like a few months back who dumped the Matic coin in Binance? Who is dumping Cartesi now? But you see investors trying hard to keep their beliefs on them! Maximum altcoins can't stay strong for 2-3 years, after regular pump dump scheme they left the investors alone! It's altcoins owners that should be changed, we are doing the right thing!