I think many altcoins are at their bottom or almost there and it is high time to accumulate some coins. Some of the older coins might have some potential to perform well in the upcoming alt season, but I am more focused on new coins. I agree with your thinking that it is more profitable to invest in newly launched (after the 2021 alt season) coins than flagging a dead horse. I purchased a few coins approximately a month ago when the market dipped and have shortlisted a few more potential coins in case we see another dip in the coming days.
Even though BTC is not totally dumped right now, alts are still more fragile than it, so I'm going to agree with what you have said there first. You said it is high time to accumulate coins but I think "high" is a wrong word to use, or a typing mistake. The proper word choice BTW is "good". If we believed that alts are now on their bottom, we must buy at full force and not just buy some but we can buy some for a while if believe that they are now close at their bottom point and we can just use the rest of our funds by the time we get there.I agree. It all boils down to whether you believe that the bottom is there already or not..
And how we will use it to our advantage. The potential is there, with all the risks attached.