Correct. I didn't invest a ton but I put about 250$ into a bunch of random coins hoping one will be the lol explode coin and turn my 250$ into 25k!
Overall my profile is fucking skyrocketing, so no complaints, but I don't have much faith in the holding power here. I am however convinced BTC/ETH will not be the final winners for day to day commerce. I think BTC, like someone above me said will be like "gold" where the scarcity and first factor will keep it's value, but right now the fees for using those coins are too fucking high for the common person buying some shit for 10$
Add in that the soda and chips you bought 10$ are somehow worth 50$ the next day and it just scares people away.
Don't get me wrong though, there are huge amounts of money to be made here in all coins. I don't trust myself or whatever the fuck happens on a daily basis to actively trade them but like I said my 3kish total investment is outperforming anything else I've done.