I think New coin brings lots of profits as a well huge loss at the current situation. if we look at the previous crypto situation there are no more scammers than current. if somebody wants to invest in a new coin so it would be risky now because scammer is everywhere like Do Kwonwho steals the money of many people. Initially, they attract people to their project and suddenly they got the rug pulled and run away. So in my mind investing in new coins is much riskier today.
But participating in ICO is good rather than directly investing in a coin. At first, the coin price makes a big pump so it is the right time to exit and make a profit because after the pump it makes a huge dump and stuck the new investor.