If you see a new project and you are tempted to invest in it you are stupid because new projects require tough research first, there is a chance that the project is a scam so before clicking the buy button you have to be sure what you are getting into.
Developers are here to make money, let that sink into your head, if we turn the table around and you become a dev yourself will you work for free? So it's always about the money.
I disagree with the fact that only stupid people are tempted to invest in a new project.
Agree, not all new projects are scams, you should remember that projects like ETH or ADA, and LTC... have all been new projects before and those who invested early in those projects are now just as rich as those who invested early in bitcoin. However, we should be aware of the fact that the market does not have any friends, all it has is its competitors, they win and we lose, and vice versa. We are all here for the money, if you can't take their money, they will take your money, and the money will go from the weak to the strong.
It is true that the current big project was a new project, it's just that what's different here is that the developer doesn't have bad intentions towards its investors. Not all new projects end in fraud, but the rise of new projects that end in fraud forces us to think that every time a new project appears, we think that the project will end badly. Here we need to learn that everyone has to be careful, I also agree that there is no such thing as a friend here, so make sure you are always ready.