Thanks for the explanation, now I can decide how I will participate in sales.
if you have enough money, you can take part in a private sale and get a lower price.. but if 5 eth is too much for you, the price of the token is more expensive that you will buy
if I become you, I'd better buy a token at a private sale because the price difference is quite large
It is rather difficult to find such buyers, because large investors already had the impression that they needed to invest in completely other projects.