Invested few times in just new created Altcoins and so far it gave me no profit. After all most of them are just shit coins become total worthless. Frustrating when they end in 1 satoshi price when you paid much more.
Most of them are. The way I think about it is if I back 10 horses at 100-1 and 1 of them comes in, I've done very well. But how to find the Doges, the Dashes and the Moneros from a huge forum of crap. If I get it right one time in ten, that's still a 90% failure rate and very good finacial results.