Altcoin are not that bad but the people investing in it are making the whole thing look very bad, their are people that have benefited in bitcoins that people that have even invested in bitcoins. Just that know exactly what coin to invest in matters a lot. We all need to know exactly what altcoin we want. During bear their was a lot of crash that's altcoin for you and that is one of the reasons they suggest bitcoin. Their are still altcoins that will give you good money. Going for new project is just as risky as investing in something you don't have ideas about. And it's 50/50 hours. It is just better to invest in projects you are already familiar with, so that you don't lose money investing on new projects.
Their are people that their only interest is always the new coins they want a massive pump and things are not done that way. When you are doing crypto you should learn to reduce your expectations. And seriously investing in new projects, their are people that it might actually have people that it might be working for but those not matter that it will work for everyone.
Exactly, people shouldn't just invest on any Alts for investments sake and get emotional when things didn't turn out good, as a Cryptocurrency investor one should be able to make research on profitable coins with good potential, the ones that would bring good returns to your portfolio on the long run, not investing on pump and dumps due to speculations from so called whales. There's no doubt that Bitcoin still remains the best Cryptocurrency for investment and most of these Alts depends on it's volatility to either be bearish or bullish that's why the recent dip didn't affect only Bitcoin but the whole market in general. However if newly investors are able to get knowledge about the improvement of different cryptocurrencies over time, they would be able to note the ones asides (Bitcoin) with good potential and invest in them when opportunities comes, like it did days ago. Most of these new crypto projects are masterminded by scammers who would pump it to attract people and dump when they've made profits for themselves so investors should be very careful with them except if they've read their white papers to see transparency and potential even at that threading with caution is the best option.