If you have accustomed your self with exchanges, you will know that at the end of every post of IEO or listing, it will be written that investing in cryptocurrency is a risk. Everyone by now should know that it is a risk to invest in any project. Anytime you invest in a project, you are taking a risk.
I think that if people have free money, then now is a good opportunity to invest in new Altcoins. We are already seeing many coins rise.
New coins are very risky. I can only announce 10 or more legit new altcoins names, those IEO are still running. But we can invest only in top exchange IEO like Binance exchange. After one year Bitwings project is looking like a scam, we can't trust it even after 1 or more years. Until listed top exchange, new altcoins are very risky.
I can't remember when Bitwing organized token sale, but as at the time the project was very active, it looked real and trusted, but the situation with it is now very different. Bitwing might have disappointed, but there are still so many altcoins in the market with real value and new ones for that matter.