You know most of these newbies investors don't really know much when it comes to bitcoin and altcoins. Some of these people depends on what people they see as experienced people tell them to do. This thing is common among the female newbie investors. I have come across many and they practically don't know anything and there are people out there taking advantage of such newbies who are willing to invest on any coins that are shilled to them. As a newbie who doesn't know the difference between bitcoin and altcoins, and you are surrounded by altcoins investors, you will think that altcoins is all there is out there. At this point if they tell that newbie investor that the altcoin is the bitcoin the person will believe and invest without knowing the difference and be thinking he/she has invested in bitcoin. Not everyone out there is knowledgeable like me and you
Well I will say the reason why such newbies are easily manipulated are due to the fact that they lack the habit to do their own personal research. Before jumping into any form of investment, just as they say you don't need any complex knowledge before investing in Bitcoin, just having the basic knowledge one is good to go in his Bitcoin accumulation journey.
I agree with you that they lack doing proper research is the reason why most newbies fall for cheap scam shitcoins. The one that baffles me most is after they are inform about bitcoin and the important, they go for shitcoins rather than investing in Bitcoin. Most at times they fall for such scam due to social media influencers promoting shitcoin and they gave it a thought of trial and landed themselves in buying shit. If only they can see the important of bitcoin from the beginning, they will know that the time they have wasted would have been used to invest more in bitcoin Instead of lavishing it in shitcoins. It is good to eviserge the ending from the beginning. That is what makes you different from others. Successful people in Bitcoin usually know what they are doing because they have prove.
Most at time newbies are afraid of investing in DCA or buying the dip because hey feel bitcoin is too slow in growth or bitcoin is too expensive and that made them to invest is some sort of shit. Not knowing that a frequent DCA every week for 1month 2month 1 year to 15years or above would yeald a better result than looking for a quick money that is not even quick rather a quick way of lossing more fund.