I also invested in some of the coins you mentioned, because it's true that for now it's safest to invest in popular coins. It may not guarantee the price will increase 10x this year, but the risk is very small to suffer losses. Because popular coins usually follow Bitcoin price movements, so when Bitcoin prices rise, all popular coins increase as well. So when the Bitcoin price has decreased like it is now, we have to be patient holding the popular coins that we have. Don't worry, popular coins will always recover if the market enters a bullish trend, it's different if we invest in shitcoins, which is a very big risk. Chances are we will be stuck for a long time, if we buy shitcoins at peak prices.
That is the approach during the down years. People end up putting their money into things that they can trust. Since there aren't a lot of profits to go around, they want to take the little they could get and just be happy with it and that makes sense.
However, when we are talking about bull periods, that's when things go a little crazy. That's how stuff like shiba or even crazier stuff goes up, why? Because, during bull periods your 10k could become 100k, and that makes you invest a lot freely. When you have a lot more money than you initially had, spending a few thousand dollars on something silly doesn't really sound like a bad deal to you anymore.
Usually most people when the market is bearish they will be more selective in choosing coins for investment. Because I admit that making a profit
when the market is bearish is not easy, the risk of losing is very large if we are not careful in choosing coins for investment. As you said people will be
safe by investing in coins they know well, not even a few decide to save capital for investment in stablecoins. In order not to be affected by
a volatile market, even if we invest and the profit we make is small, we must be grateful for it.
But when the bulls come, we will indeed be more daring to try investing in new projects, even though there is no guarantee that it will give profit.
Because most people when they are bullish become FOMO, because they see the majority of pump projects are very high, they are competing
to enter the market. Even though it is a high risk if we choose the wrong projects or are late in selling coins at high prices, we will experience losses
when the market down. Actually, if we want to try investing in new projects, there is nothing wrong. The important thing is to know how to do research
and analysis properly. After that make sure not to use capital that is too large, so when the market moves in an unwarranted direction we are able
to deal with it.