Without a doubt the most troubling aspect of the market is the fraud, scamming, lying and cheating that goes on from amateur dev teams that take a half-understood slice of code, rebrand it, and then pump it up in EXACTLY the same boilerroom scams that have plagued traditional fiat markets.
The fact we need people to share their skills safely, train users, and businesses how to use crypto-currencies properly, and also ensure that those who create 'new' altcoins - are held accountable for the currencies they create, and to the people who bought into them.
It's not enough to print monopoly money - we have to build businesses first so it's worth trading for a REAL good or service.