In my opinion i just think that not anyone should follow the other person, not even its family member and friends because he will perhaps more familiar with crypto world but you are not. Other important point is that if you fully understood the things related to investment then its the time when you should have to join it but its reality that even experienced guys can also lose if condition become harsh.
One would be safe if they only invest in bitcoins in the long term. They are likely to lose in the short term due to price volatility, but in the long term it is likely that the holder will get a decent return. But anyone who invests blindly in altcoin without doing any analysis, then of course they will most likely be trapped in altcoin that have no potential where the possibility of loss is clearer than the return.
In my opinion, it is better to buy bitcoins in a hurry than to invest in bitcoin that have no potential, but they may have to wait a little longer for the returns to be truly worth it.