Not everyone is new and we know that not everyone who's a newbie, is a newbie in real life. As for the altcoins, most of them are not good this time because of the bear market. Just be careful where you invest your money because you might fall to the wrong ones. I hold some altcoins, many of them are in losses and I don't know for how long I need to hold it just to remember. Instead of finding the next hidden gem, I'm putting my spare and the focus of my DCA into Bitcoin.
The “newbie” part is quite funny.
I wouldn’t say altcoins become bad simply because of a bear market. Bear markets are often when serious capital enters and strong projects are built. The real problem is that many altcoins are backed only by hype and depend on new buyers constantly entering.
A token’s price can fall while the underlying project continues producing real value. If it has genuine activity, sound economics and does not survive purely on new purchases, the long-term outlook can still be optimistic.
Best Regards,
The Architect.
