I disagree. For better or worse the potential for pumpage is higher this time. There's a generation of hardened holders, there are better reasons to hold, there are more reasons to buy and fewer options to buy, exchange options seem to be contracting quite rapidly.
Look at the gaps opening between Bitstamp and GDAX and they're both fully functional. There's more money being pushed through narrower tubes. If there was ever full on FOMO again it would be more explosive.
Agreed about the alts though. People will be hosed eventually.
While most alts are scams and a way for dishonest devs to rob us...some will change the world IMHO !
The cream will rise to the top...