I never like the idea of allocating some investment into new coins not to talk about an existing coin that is already doing well in the market because this current market season is also determined by the trend the Bitcoin market showcases and the last time I checked the percentage of altcoin that always losing in their value easily is 99%, not 90% because the altcoin market are always highly manipulated.
As you said, it is better to play safe and DCA in Bitcoin than waiting to have big capital.
If you do want to be on the safer side then you would really be having this kind of mindset but we know that there are people who are really that desperate on getting in into those early
days or times on which they could buy cheap and made themselves rich if ever the time comes where those projects coins been pumped out or been recognized.
Therefore, they are really that eager on trying out to find those hidden gems but it wont be that simple as we do know since this market had been
flooded out by lots of shit projects and frauds which we do really need to be careful on.
Yes, I am not against finding new gems, and as you said this market is flooded inside and out with shit projects because none of them introduce something into the cryptocurrency sphere what they do is emulate previous project concepts and claim to be the killer of others since is not good for the market.
Yes, the crypto market needs competition to generate better opportunity but not by imitating.