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.
2. We have to stop thinking about hypes - maybe some but not all of the new projects
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.
4. Doing Research - we have to take this seriously as nobody had ever succeeded without this.
It's simple buy bitcoin. Hold bitcoin. Someday in the future, profit. Too many people load their portfolio up with complete crap coins trying to chase profit. It works for very little people. Most end up with useless bags when bear markets set in.