I guess we have different ways of looking at it. We probably also have different experiences. As for me, I could even say that in a hundred ICOs, 90% of them are most likely scam, unrealistic, shabby, unsustainable projects. I encountered so many seemingly promising ICOs way back in 2017 and 2018. Most of them are dead. The same is true with airdrops. Retrodrop wasn't a big thing before.
You are comparing the ICO of 2017, which had nothing to do with venture capital investment, with the current ICO, which have the support of large funds and venture capital organizations. Show me at least one ICO that was held on Coinlist and was scammed? Token sales that were held on some newly registered sites and token sales that are being held now, under the attention of regulators and major players with a vesting calendar, are COMPLETELY DIFFERENT ICO.
Long term for me is at least 5 years.
In the crypto industry, 5 years is an extremely inconvenient figure, given that market cycles here occur every 2-4 years, then with a high probability, if you hold something for at least 5 years and then want to sell it, then you will sell it with a huge discount, relative to those prices that were 1-2 years ago. Many altcoins do not live more than 4 years. Or rather, they live, but no longer grow and do not update their ATH.
I wonder, do you think it's even riskier if you're only relying on the charts?
It may come as a surprise to you, but all this development of projects, products and other altcoin shit is all a front to get you to invest in this project. It doesn’t matter what the concept of the project is and what level of development it is. Almost all altcoins are created according to the pump-and-dump principle, so it doesn’t matter what developers feed you in terms of stories about the development of their projects. It does not affect the price (or almost does not affect). The price is influenced by major players and stakeholders. A vivid example of this can serve as a proof of this, in the form of the PEPE token, which, having no development, no product, no infrastructure, did in 3 weeks what 99% of altcoins cannot do throughout their lives, be it 2-4-5 -8 years. Do you still believe that the main thing in altcoin investing is the product and the active development of the project?