The dangers of cryptocurrency investing are that you can invest thousands of dollars one day, and the next day the market crashes and may lose everything. It's impossible to predict the markets so never invest more than you can afford to lose.
Even though investment carries risks, it will also make them successful in getting profits on target. In investing, all must have knowledge about how investors are not trapped in projects that have no potential.
Yes, every investment has its own risk but your advice is somehow missing leading because investing in projects with no potentials is the fast way of sending oneself into the grave.
If we have $ 1000 and even more, then don't invest in only one project. Try choosing 2 to 3 projects that you want. That's the best way I know right now.
Investing in 2 to 3 project is good but also risky and investors need to have the required knowledge to manage up to 3 projects before trying such idea.