Most likely you are title is true. My patience have been testing mode. I have bought some altcoin those are almost 5X down now. But still I am holding them instead of sell in lose. Likely will never sell them until recover my buy price. For that reason I have taken a break from trading. But what I believe, most of newbies (traders) likely lost their patience and sold their altcoin. And obviously they will be in lose now.