Bitcoin is volatile just like every other coin and token out their infact its even more volatile than some Altcoins out their same way that some are also more volatile than Bitcoin, what makes it different is the fact that it can recover from every fall that it experience it have overcome a lot and have proven its self over the years which have made people to have trust on it, not like some other coins which if they fall today you can’t predict when next they will see green market again.
Bitcoin remain the choice for almost all crypto holders. Just that some people put their money on altcoin because of the huge profit they think they could achieve if the altcoin later do well. Although Bitcoin price remain high and can't give you even 5x as some may expected but it much more better as their is always a chance to recover after great dip.
The reason why some people fall victim of rugpull is because of their desire to buy coins that can give them 5X and above in a short period of time and believe me their are lot of such project being promoted on the internet which most of them are just pump and dump token, it’s not as if bitcoin can make X5 but it will take years before we can reach that level because of the price we are already such height might be considered very expensive to be reached on a short period.
They run after coin that they think will do 5x in a short period of time but end up losing their money. It is far better to invest and wait for some year than losing money on fake projects. This days projects are over-hyped to trap newbies so they can invest.
Many people invest in Mim Coin or Sitcoin. The reason is that when all these coins are launched in the market, we all see that in one day the price has increased by 100 times to 200 times. Many people invest in Sitcoin or Mim Coin after seeing the increase in price. But in a few days they lose all their money. Because all these coins have no value (undefined market).
This is how shitcoins lure new investors. To buy more and take away capital. Over time, they lose a lot of money before they develop the ability to understand the mistakes of those investors and eventually lose a huge amount of money. There are many examples of people who have lost their money in shitcoins due to the greed for high profits and regretted their actions.
What you should focus on in your market analysis is to choose the best coins with a volatile market that you have high confidence in and save an amount that is part of your discretionary income. It is also recommended for investors to start with small amounts and gradually accumulate more aggressively as they gain experience. I recommend you to accumulation Bitcoin. Reliable investments are more positive than uncertain markets.