Alt coins is famous because of their ico bonus and promising features that all crypto users want. But aside of that factor we all know that we buy Alt coins because of higher chance of profit by it price volatility.
Personally. I lost almost 1.2btc in investing in digicube. I bought my cube for 8k sats because i saw its thread that a lot of user is giving a lot of good feedback regarding the coin. But suddenly after a month. It's price drop fro. 200sats and that is my biggest loss. I don't know what happened. And that gave me a lesson to not follow to the flow. And just do always a research before investing. Haha
you have made three big mistakes here that if your learn from them you stop losing money from trading.
1) going in big. if you are a beginner or if you are not so sure about trading then do not invest $700+ in it. start with smaller amount.
2) listening to trolls. most of those people you saw giving positive feedback were either spamming for their signature campaign or were bag-holders trying to fill their sell orders.
3) not selling sooner. going from 8000 to 200 is -97.5% loss, why in the world did you wait that long? if the drop were sudden I could have understood missing the chance to sell but you said in happened after a month. you should always sell at a smaller loss and if you still want but at the bottom (200 satoshi here).
wish you make better choices in the future.