That's wrong. The purchasing power of your fiat capital highly depends on Bitcoin's price, where if you enter now you get way more bang for your buck. Those who entered far above $10,000 wish they waited before buying.

The only problem for newbies is that they don't know what the right moment is to open up a position. Only time proves whether or not it was a good decision, and considering they blindly enter, it's mostly not good for them.

It's not easy being a newbie, especially with how hostile the altcoin market is. I'm quite sure that most of the newbies and maybe even the older members here are mentally broken due to the bear market.