Plan 1: Buy BTC and ETH only. Spend $50 and buy 50% BTC and 50% ETH. No schedule and buy on dips.
...
Buy BTC and Bitcoin only but not at 50/50, it is better to buy more on BTC 60% while 40% for ETH. Well, buying coins during the dips is not unusual, most investors do this and then sell at high. But this is not what I have planned after buying, I have to hold it for a while until the next ATH just comes. Patience can be tested as well but if we are truly committed to our plan, that seems possible.
I would prefer for newbies to begin their path in this market by being 100% invested in bitcoin, not only this is way easier to understand it is also way easier to keep track of only one coin instead of several especially when you are starting out and it is also going to stop newbies from making too many mistakes.
The main reason why new investors lose money in this market is because they invest in scam coins or they fall in other kind of scams like pump and dump groups, it is way better to reduce the chances of making a mistake and the only way to do that is to invest only in bitcoin, years later once they have more experience under their belt and if they still want to invest in some popular altcoins then they could do it but with a very small amount of their capital, that way if they happen to lose money when they invest on those coins as the majority does most of their capital will still be safe by being invested in bitcoin.