It is really overwhelming to see the growing number of new projects but unfortunately, most of them are indeed worthless and have no use case to provide. Many had suffer losses because of some mistakes but we can avoid them if we have to do these things.
1. We buy coins not only because the price is low - many had thought that buying them in bulk gives them a good profit later.
I used to do that and I ended up losing a lot, not all that is low are worth buying, it's still on how good the project is
2. We have to stop thinking about hypes - maybe some but not all of the new projects
Don't rely on hype, hype is good if the project is good, it's still on how good the project is
3. Stop falling to scam projects - usually, people got tricked when seeing projects offer high rewards (good to be true) and most of them are just a lie.
Developers are good at making their project look, it still depends on how good you are at looking in a project.
4. Doing Research - we have to take this seriously as nobody had ever succeeded without this.
Nobody really will, we have come to the point that we must not go for hit and miss your profit depends on how serious you are in looking for a project.