Most Altcoin Exchanges sustained for a period of 1-3 years , and somehow are on the verge of getting closed, due to this (fraud to innocent people)
This is not specific to altcoin exchanges, but it is happening to all centralized exchanges. Lest we forget that MtGox was a bitcoin exchange that scammed people and caused a crash in 2013.I agree with your general tone about bitcoin being the only viable option and altcoins being useless, but I'm not sure what you are suggesting here is true about bitcoin being able to fix the issue with centralized exchanges and the risks involved when using them. The only viable solution to the CEX mess is to start using DEX.
Well why people not talk about peer-to-peer exchanges , which is probably where people can trade safely ..even by holding their coins into their own hardware wallet or any other exchange ... Thats what i believe Cex was meant to give people a chance to earn by being trustworthy.. But looking at current situations ..it seems most of them are involved in some or other mess... and ultimately Bitcoin comes out to be winner in all these Hue and Cry in the crypto world...