I bought altcoins because I saw the potential it has, there are many options for me to invest where we like. And that became one of the reasons for me, why I bought altcoins. When the price of bitcoin is like now, yes, altcoins are an option for us, so we can still take advantage in situations like this.
The steps you have taken are indeed right and it is not wrong to take advantage of the current situation to buy some Altcoins, but you also have to look at coins that have the potential to recover faster at the time of purchase, don't buy immediately without considering this because there are many people who regretted in the past for choosing the wrong Altcoin at the time of buying it.
Criterias?
1. Potential
2. Liquidity or volume
3. Real use case
4. Recognition or popularity
Primary factors which you do need to consider before jumping into investing but choosing one wont really be simple as it sounds.
There are still coins/projects which are still undervalued and most people
is trying to find it.
I think popularity and public recognition plays a huge role in altcoin adoption nowadays.
The meme coins with no real use case is the perfect example for this.
When an alt have enough publicity and became really popular, potential and volume will always follow suit. Because people are actually buying what has been pumped so hard by the influencers, celebrities, and other known business man with big names in the industry.