Yea you definitely have a point. There are thousands and thousands of projects. Most are just trying to steal bitcoin.
With that being said that 10% still contains a lot of projects and companies; all it takes is research and contact with the team making sure they are staying true to their roadmaps and are actually working on something.
I first tried trading when I found out about crypto but have since become a HODLer. Find the good projects go deep and wait!
RE: Why 90% Alt Coin Fail? Read This Before You Invest into Cryptocurrency