It’s been some of the easiest way for newbie programmers in cryptocurrency and I mean that in the sense of the word, it’s been a way to reap genuine investors and those that hopes to get something out of cryptocurrency without really knowing what cryptocurrency is about in the space. Even then, you still find people who are more than willing to go with it, given that they still find it cheap.
If your to look at it, it’s not as cheap as they really think, you have lots of analysis on them coins to do which might still not be right and you end up buying one crap after the other, throwing good money in a bad project when, you could have just been buying Bitcoin using DCA and hold.
Cryptocurrency investment is like a gamble where the temptation attracts them even though there is a high chance of losing. Crypto investment is the highest risk especially for a newbie who is not experienced in crypto. The temptation to make a profit plays a key role in this investment as we see in the gambling market. Because, every crypto investor loses, but the temptation keeps them in this market. Maybe some experienced crypto investors may be profitable right now (their losses are not small), but for an inexperienced one it is just a scam. I would advise a newbie not to fall into the trap of crypto temptation. I would recommend you to invest in Bitcoin in DCA whether you are new or old.
I will assume all your narratives are only emphasising on shitcoins and meme coins coins in the space, that doesn't hold any investment potential, it is only Bitcoin that holds and investment potential which is meant to be for a long term, it will be more better if you can become more specific when using the term cryptocurrency in order for newbies not be confused, make your reference coins very specific. However, I consider anyone getting involved with any other coins other than Bitcoin as a trader and not investors, such environment is risk to both the new and experienced, one thing I know for sure about those experienced ones is that at most times they don't discuss their loses but will make so much noise when they profit which is very unrealistic, Bitcoin is the only coin that is potentially for an investment over a long term.