Yes but altcoins are still profitable and as long as we choose potential altcoins they are better than meme coins,
it is important to do your own research and analysis before choosing an altcoin,
Of course there are many ways to minimize that risk.
Minimizing the risk through holding some altcoins while having Bitcoin. It's the best strategy to minimize the risk that you're taking. You're having a balanced setup because many people still don't know how to diversify their assets properly. Some think that it's okay to get whole of altcoins while ignoring bitcoin as their balancer for their portfolios. DYOR. Diversify. That's it but diversifying is being gloried by those people that don't even know what altcoins they should buy. The main thing here is you're okay taking risks and as you have that grit for altcoins, never ignore the power of Bitcoin as it has demonstrated already how it's the foundation of the crypto market.