How will the market go up with thousands of cryptocurrencies?

How will the market go up with thousands of cryptocurrencies?

New ICOs everyday and more and more cryptocurrencies being added to exchanges everyday. The large majority don't invest in the biggest cryptocurrencies (bitcoin and ethereum) because they are too expensive and they don't see a huge upside, so they throw money into useless altcoins that hold no value while the "developers" behind these shitcoins holds 30-50% of the coins marketcap that they at anytime can dump into the market which removes millions of dollars each day from the market.

Will we ever reach a point where people will wake up and realize that throwing money into altcoins is like throwing money into the toilet? Will we reach a point where the common conception is that all alt coins are actually shit coins? Is that what is needed for us to finally go into a serious bull market once again?