Investing in a new project is still worth it, in fact, I have a second set of portfolios exclusively for new coins, mostly play to earn coins, and blockchain-based projects, as long as you dig deep in the project and you will not feel depressed on the outcome of the project, I don't see any wrong investing in a new coin, it's great to be one of the early bird of one good project where you can make 1000% return after a few months or year of holding, just like what happens to Solana early birds.
I do not agree with you on this one. I mean if you are investing only a small portion that you do not care about then it could be true but if you are investing a big amount then it is not a smart move at all. I get that you may think what you buy will end up like Solana but the reality is that for every 1000 coins that come out, there is just one solana. Which is why most of the investments you do into new projects needs to be very careful.
I am not saying that you can't, but the odds are very low and you need to research and find those good ones very carefully, otherwise you are going to end up losing a lot of money. I have seen a lot of people losing a total of millions of dollars in new coins, so it is not really something I am unaware of, it is a topic I am very well aware and seen with my own eyes so new projects are very risky and it is obvious.