I do not agree with this. If this is for the new altcoin, of course there is no guarantee that they can be used for long-term investments.
Yes. I also never put my money to invest in new altcoins for long term. I think it is a truly wrong decision for sure. Most of the new altcoins are only about pump-dump once they are listed on exchanges. After several months, many turned to have very cheap prices.
Why don't to buy old coins, like Bitcoin and Ethereum for long term assets. I think it should be a better idea than keeping new altcoins. Currently, I am not really interested in new altcoins, I prefer to choose top coins for trading or investment.
People just believe that new projects can increase capital. And the old projects are not able to quickly make them rich by investing $ 10,000 in the project and having received X100, people want to change their lives. This is their strategy. But even without such investors, the market will stop going in front of and develop.