It would also be reasonable to observe that not all altcoins are necessarily scams. The relevance of most projects becomes evident when they may actually solve a real-world problem, such as smart contracts, decentralized storage, or scaling solution projects, just to give a few examples. And Ethereum itself began as an altcoin, and without it, we would not have DeFi and NFTs in the forms in which we now know them. The distinction is that very few of these projects have massively-engaged communities, actual developers and not just speculative adoption. Like what you have said, I think there is one thing that investors should have in mind. Anyone who holds altcoins be aware that it is a much greater risk than merely holding Bitcoin Bitcoin has been around, it is decentralized and it has a clear purpose. Alternatives (altcoins), though, often rely on the team and their ability to continue to fund the development. When the funds run out or when founders lose interest, a project dies rapidly and how beautiful the whitepaper may have been.

My personal advice to newcomers is, Bitcoin is the best bet in case you are seeking a secure long-term form of value storage. When it comes to messing around with altcoins, make sure that you view it as speculation rather than an investment, and never engage it using money that you cannot afford to lose. And at least now you wont feel turned over with it, in the event that the team will cash out and the project will go away.