Legit coins remains legit coins forever and shitty coins bull movement is just for short time. Meme coins are just over hyped. Its not like that legit coins dev are not doing anything its just a matter of time soon you will see legit will also move good. We should be patient and should not judge the legit coins like this.
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I must say nobody can predict the market in advance perfectly. It depends on the coin to coin it's not like that you will only able to earn profit from BTC there are some other coins that can also be profitable if hold for the long term, for example, Ethereum and BNB. Only holding Btc is profitable is your perception. Yes, due to the recent dip majority of the Altcoins dropped hard and those who sold at right time are in a comfortable position. The Crypto market checks your patience level most of the time. Smart traders are those who exit the trade with a set target because sometimes greed can cause you to lose all your profit so be a smart trader/investor.