Most of newbies including traders and investors are gamblers.
Why are they gamblers but they think they are traders or investors? Because they spend money to invest or to trade without knowledge, without their own research.
Don't be in a hurry to come to a conclusion because it is very possible that what you think is actually not what is the fact.
Indeed, there are some traders or investors who are unable to do analysis or research before investing, but by having basic knowledge about trading and investing, they are also said to have something to strive for. Buy low and sell high is the foundation of successful trading and investing, especially if they are confident and willing to invest in bitcoin instead of altcoin.
My one thought on investing and trading, investors and traders just need to know how the market works and how they can make a profit. One fact is that if they want to be long-term holders then maybe a really detailed analysis is not really needed, especially if the asset of choice is bitcoin.