well most of the newbies come to crypto space hoping they will get rich by investing small portion of their money to altcoins.
Majority isn't interested in the tech they are only here for the next x100 coin. So for this sort of gains majority of time if you see the top gainers section on the CMC
some random shitcoin post such gains occasionally on some random shit exchange.
The truth of the matter is no where is safe.. all the coins are just fluctuating due the volatile nature of cryptocurrencies. I will side with you on them going for the top coins due to their only ability to bounce back even if there is a massive dip.
Obviously, in terms of making a profit on a coin, it is better to choose the old coins rather than new coins or coins that are being developed, because the old coins have very strong foundations despite sudden price drops, but are still able to rise all of a sudden too.
yes it's true but greed is the primary motive here most of the newbies aren't interest in 5-10% gains they are looking for 3 digit gains.