I will add another reason to stay away from (most of) the altcoins and thats they are ponzi based
and they are here just to make money for themselves and nothing else. The only alts that have
been worth it are still alive since many years, getting increased volume everyday and thus
having more stake based economy as well. They are some real deals. However, by now
everyone should know the difference between which one is scam and which one is legit. Crypto
has already taught us so many lessons and shown so many types of scams that its far more
easier to know whose the scammer and whose gonna stand out of the crowd after release. In
the initial days, everything was fresh and the market was underestimated. Everyone used to
think that this alt is the next bitcoin so they used to jump into every alt thats coming out. I think
we learnt the lesson now and its time we do not go and buy every alt that is on the market.