4) Practice DCA Strategy: For example you have a $100 as capital, never invest all of it into a project at once no matter how promising it is. Always try and spread your capital using installment acrross different point in time.
Cryptocurrency investment might be overwhelming but what benefit will a newbie gain trying to repeat a mistake done by those they presumably look upto. A newbie who is applying DCA with $100 should be specific in their investment by choosing bitcoin over other cryptocurrency. If the keep trying out just any cryptocurrency they might end up running round a loop of persistent losses that will be hard to overcome. A newbie is meant to keep things Simple until the they have mastered the wave of market and bitcoin long term hold solves this complexity.
Advising people who are newbies to put their hard earned money into Altcoins and shitcoins is not advisable especially if they’re newbies to the entire crypto space. The best thing to do is teach them how to buy bitcoin and with their discretionary money they can invest using the DCA method and accumulate regularly while learning more from what they practice and research. Investing in shitcoins can be very drastic, you can lose your funds and you can also make it big but the probability of high profit is very low, so for a newbie I wouldn’t advise putting your money in different shitcoins, just choose Bitcoin and be Happy.
If what he mean is to put everything he earn on altcoin investment then this is wrong approach to do. But if it happens that his going to invest only his discretionary funds for altcoins investment maybe they are fine with that since they will never get broke especially if the amount been use is what they can afford to let go.
But its really better for them to do that investing thing on Bitcoin since there's good chance that they could earn more and became sustainable. Rather than shitcoins which everything is truly unpredictable and they don't know if they continue to gain profit or lose all their capital if they made a bad trade.