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What about those investors of new coins? Some of them earn something before the coins turns into a scam. They are just lucky although they cant be like that forever. There are times that they also lose. What we need here to become more profitable is not just to predict based on pure luck but to predict with some analysis.
Not only by chance but the market always bounce back but only for those coins that are already proven but for the majority of new coins, the chance for them to bounce back is less. If you hodl them, no need to think hard if you will going to continue hodling them or not but the best thing that you can do is to sell them early.
You said it right, and that's why a lot of newbies come around thinking that they can have that same fate with others who made a good profits investing with new projects. But likewise, it's not every entry that they'll make will earn them profits. Luck may not be at their side on the next following attempts that they'll going to try.
And the sad thing, that second try they'll Yolo their investment only to find out that the project will turn to scam before
entering the market, no chance to recover.
Better to analyze and go deeper from each asset that you are eyeing to invest.