Of course, not all new projects are bad, but new projects are very prone to scams because during the pre-sale of tokens they could run away after collecting funds from investors. Therefore, it is very necessary to conduct in-depth research before investing in a new project and of course, you must be prepared for the risks that will be faced.
perhaps, it was a very usual issue that we experience in investing in new projects which is very alarming or discouraging people to invest in them.
If I invest in crypto, I'd never spend a lot of time digging and searching for legit new projects but directly go for known and potential coins already like BTC and ETH. Because it found out that even if we do research this won't guarantee safety, many projects have a good start but in the later part, they turn into scams.
In the digital currency market, I have experienced a cycle of bull and bear markets. I deeply understand everyones thoughts. There is no century-old project. If you feel that the new project is not bad, my point of view is to recover the principal and keep some bottom positions. , but don't invest heavily. In addition, the founders of many projects had no problem with their original intentions, but lost their way at any time due to market changes and the temptation of money, and finally chose to abscond with money.