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.
It's a very general statement, in fact, there are some quality altcoins which did several times returns during the bear market and there are some coins which are still trading at very low prices for every altcoin to rise or at least majority of them to increase in price it will only happen in the bull market where even garbage will fly sky high.
During the bull market, even a layman can make a profit but the real talent lies in picking the projects for investment which performs well even in the bear market one of the best examples is chainlink.
Just wait for the bull market to return where the alts will go up again but before that scam ones will fail to survive in the bear