yeah, newbie weak hands are leaving bitcoin handing over their small amount of bitcoin to others who understand the true purpose of bitcoin, at a discount just to try and buy it back a couple of months later at a much higher price.

Yes you are right there, newbies will suddenly lose hope when bitcoin price goes down. because they don't know that bitcoin prices are not high, I mean they don't know too much about bitcoin, they just have the idea to make a profit.
But if you are a beginner do not even think about making money, through bitcoin, because it is best to get some knowledge of bitcoin before you earn and to prevent scam.