Many people have gained trust that we are automatically back to the bullrun, this made them to be free in choosing altcoin and newly launched tokens without knowing that cryptocurrency price action and movement are so unpredictably. It could be high at this very moment and In the next few moments we may witness a serious dip without knowing what propelled to such rejection in price.
Yes, your opinion is correct. Buying a newly launched altcoin or token is not a good move. Because despite predictions, many crypto investors say that a bull market is imminent due to the bitcoin halving cycle. But if it was a newly launched token or altcoin, it would definitely be highly doubtful to experience a bull market. Because market capitalization is definitely still very low. So the potential for price increases is still very minimal.
Because as far as I know, altcoins that usually follow a bullish trend due to the bitcoin halving, are altcoins that already have very adequate quality, both in terms of the projects being run and in terms of market capitalization.
~Snip
Do your research and never rely on anyone to give you accurate information about any projects because it's your money and by no chance did those people contributed to you.
Of course, don't rely on other people to make investment choices in crypto. Because as you said, the money invested is not other people's money, so when deciding on a matter, don't rely on other people's decisions. Because if you rely on other people's analysis or opinions, I'm sure there won't be much satisfaction. It's different from doing independent analysis, whether it's a loss or a profit, I'm sure there will be a sense of satisfaction and the most important thing is that knowledge will definitely increase.