Is YouTube still worth starting if you're entering a competitive niche?

Yes, it is still worth starting.

Almost every niche looks competitive from the outside, but new creators grow every year. The biggest mistake is trying to copy large channels instead of bringing a different perspective or style. Competition is high, but consistency and unique content still matter more than being first.
 
YouTube is perfectly viable for beginners. Although the competition is fierce and the "big players" have dominated common topics, audience demand is limitless. Success today doesn't depend on whether you join early or late, but on your ability to narrow the market, apply a sharp strategy, and build trust.
 
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