People who are new to crypto likes to gamble without having a good knowledge and understanding about the market. This are people who are mostly interested in shitcoin, are people who are also genuinely interested in buying and selling and trading because of ignorance not knowing how much they are losing in the market. Most of them are just interested in buying all kind of different shitcoin and be watching them regularly as soon as they see that there is a little profit they sell immediately. They don’t know what they are doing, if only they knows that they can actually buy bitcoin and invest and hold for a long time and make more profit, that is why I see this single act of desperation of investing in shitcoin as ignorance.
The most danger is they don't think they are gambling and most of them calling themselves as investors or traders like in fact they are gamblers.
Without awareness of what they are doing, they can not have appropriate management on their capital and will continue taking more risk. It only makes things worse and worse until a day they realize it through their big losses and perhaps it will be too late for any correction when they have empty balance after all.
Investment must start with good knowledge, deep learning, then enough practice for their risk control, capital allocation and management for their investment portfolio. Bitcoin grows with time in adoption, value and price so if they can have good management and they are able to hold bitcoin in right ways - in non custodial wallets, off centralized exchanges, they will be in their good investment adventure to profit and better wealth.
Buying all kind of different shitcoin will be dangerous for them because no one will know what happen later. Rather than buying shitcoin, they have a better option if not the best to buy Bitcoin and keep that in their wallet. But we know people can get tempting easily from what they see in the Internet especially in their social media. So that make them keep buying using their money without think that it is better they use that money to buy Bitcoin. They
If they want to search for a while, they will see many good resources available they can use to learn about Bitcoin investment. They will also know that in Bitcoin investment, they have a DCA method to buy Bitcoin at the time range let say 4 years and hold it after they buy. They will learn how to manage their own money using DCA method because they don't have to use all of their salary at once like what they do in shitcoin.