If you don't get in at the very bottom you set yourself up. If there is a premine and no trusted parties you can get rugged at the bottom. You see it's all a game. Then you have outside investors who can buy up and pump and wreck the project. It's like a double edged sword in the altcoin game. At this point if nothing is pushing Bitcoin it's likely a scam. How the hell is any of these altcoins worth a dollar? Don't care if it has a whitepaper or green paper how is it worth a penny? It's a risky game I'm telling you. Most of these altcoins should be worth nothing untill a community shows up or it hits the streets. Where's the product?
Even if there are trusted parties involved you can get rugged hard. Don't fall for those easy tricks of legitimizing bad actors. Look what happened with FTX and it was endorsed by many major names even if its founders had no clues what they were doing. Vouches and
trustworthy peopletrusted parties are also very often a red flag.