I think the market embraces things when they are useful, if they are not they will be grouped together with things that are not useful, so many of us use generalisations, because they are easy to understand. Of course people just pile on and call everything a shitcoin, like ledger wallets or Liquid side chain, and thats where I kind of get dismissive about the term, because thats not helpful those things need more context

But as someone who used altcoins and they failed for my intended purpose of saving to me they are shitcoins