Why people not do it like the first Bitcoin investors? Trust in new projects like Solanaland on Solana. When its still uncertain. When its still early. When it might go 100x or 1000x some day.
Because there has been no project like bitcoin so far
people were right for trusting bitcoin and now it has grown beyond imagination but not all projects are like bitcoin they are not going to grow as much as bitcoin did and still continuously does that is why investing in new projects just proves to be nothing but risky
I won't judge into that conclusion that there are no projects like Bitcoin. There are projects that have big ecosystem than Bitcoin but being the first has its own privilege. It is not that easy to buy 1 Bitcoin at it's current price in today's market price. Whereas it is easy to buy some of the cryptocurrency that are working for the betterment of other big crypto ecosystem.