I'm also a noob just getting in to alt coin mining, after trying out bitcoin mining about 7 months ago. I have an nVidia card, so my hash rate is limited. Bitcoin obviously didn't work, but with altcoins i'm having some success. I'm seeing a lot of coins pop in to existence lately - but how often do they pop out of existence? Speculation seems to be literally driving the market, and there's so many competing opinions. It seems everyone's guessing - so I've been trying to do the same. Currently looking at megacoin, stablecoin and worldcoin. even LTC is too hard to mine now unless you have a pretty serious setup.
Actually there is no previous case similar to the recent alt coin boom. It's the first time that the alt coin market exploded so we don't know if it will collapse, stay level or explode again.