Although sometimes new projects offer lucrative returns, investing in new projects cannot be done haphazardly. There are several steps to take to invest in a new project. We must be careful and do research in choosing the project we want to invest in because fraud cases in new projects are very common. Understand and manage your own risk. Do not invest just because it is influenced by the trends and concepts offered, but must adjust it to risk.
Fraud is the only reason why I rarely ever invest into new projects. The topic says "not all" new projects but forgets to mention that "most" are bad. This means maybe we do not bat 100% at bad, but we are definitely doing 90% of them bad, and the remaining 10% have plenty of ones that will fail too, which leaves just the ones that will succeed at 1-5% chance at the very best.
I agree that not "all" of them are bad but with fraud being so rampant and easy there is absolutely no way that we could be easily investing into it. That's why we should be focusing a bit more towards known coins, and taking the risk for the new ones is not that easy at all.
Well on this issues, you and I will agree with each other that most people will only go based on their experience, and if I must be fair to you, I'd agreed that 80 or maybe 85% ends up scamming and become shit, but looking inwards you will realized that everything done in the trading circle is a risk on its own.
Now if we agreed that 90% are shit, then you need to do more research and see the numbers that ends up surviving over the years, so on this topic I really do think it has to do with every individual and what works for them, Most people are rekt because of greed and selfishness, they're always after 50 - 100X
In my own attempt, the only long term hold is the Bitcoin, Whatever I do in the market, Once I'm able to get 5 - 15 or 20x, I immediately take off and covert my asset to BTC. That's me, but I'm a serial Altcoin trader, and it's been working for me, but some times it won't really look good on us. But we keep going