I do not think it is correct to name all ICOs as trash - of course, there are too many scam ICOs today, but there are still worthy projects which will reach top 100 CMC in the future.
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I do not think you should panic now - cryptocurrency market has almost passed the correction stage, so at the moment there might be a flat stage for a year or so and then we will see the growth of crypto.
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Some ICOs just did not collect enough money for the further development because of the bad market conditions, so they did not make any product, but the most scam projects were created with the only goal - to steal money of investors.
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The first quarter of 2019 is almost ended and I am sure there will not be any surprises on the cryptocurrency market - Bitcoin price will stay at 3500-4000$ range.
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As for me, I think there will be no bullish market in the nearest time, it might happen within 1 year or so. The best option at the moment is keeping holding crypto.
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Many altcoins do have much better characteristics like speed and cost of transactions, but they will never become more popular than Bitcoin just because people will never use them for storing value.
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Unfortunately, there are many talented people like hackers who can earn good money by working in top IT campaigns, but they choose to earn money by stealing money or by deceiving people.
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It is mostly depends on the situation - the most of the projects which organize Bounty campaigns do not have strong team and innovative idea, so it is a good decision to sell their tokens right after listing on exchange.
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I agree with your point of view, if you want to become successful in any area, you have to go through all difficulties, you should never give up on the half of the way.
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Cryptocurrency market is highly volatile because of the low capitalization if to compare with traditional markets, so any news can have a big influence on prices.
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If you are a long term investor, you can buy cryptocurrencies now, but I would wait for a few month as I am sure the market has not reached the bottom yet.
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As for me, I do not think Bounty hunters should pass KYC - they do not invest real money in the projects that's why there should not be any problems with the governmental regulation.
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Actually, there is no guaranteed way to define whether the project is scam or not, but you should pay attention to such factors as main idea, team skills and Whitepaper to avoid scams.
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It is too difficult to predict whether any of altcoins will be growing in the future or not, so in my opinion Bitcoin is the best choice for the long term investment.
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