Bitcoin indeed has a stronger speculative nature, but saying it has no value support at all is not accurate: it at least has store-of-value consensus and network effects.

The problem with altcoins is that the ecosystem is too complex; ordinary people simply can't understand what those DeFi protocols are really doing. Most of the time, it's just a game of taking over positions. But to say that none of them are worth buying is too pessimistic.

The key is that the current market is really not suitable for ordinary people to play with shanzhai coins. The logic of shanzhai coins has completely changed; from previous technological innovation to pure narrative hype. Without insider information and professional judgment ability, it's basically just money in.

My suggestion is: if you really want to participate, just honestly buy Bitcoin; at least its volatility logic is relatively transparent.

Others, unless you have absolute information advantages, just don't touch them. The market doesn't lack leeks; what it lacks are clear-headed people.