it is not that bad mate but the problem is that new tokens mostly run by scammers that only targeting newbie investors in which makes them bag money from it.
but never become greedy and you are good to invest in altcoins even new projects.
so try it and find it yourself .
I think if you just try to invest in coin that's already being invested by some good venture capital like take example is mysten labs and binance labs you're pretty well already avoiding the chance of investing in a coin runs by scammers.
we all wanted to avoid mate , but the problem is about being hardly to dig them because nowadays ? scammers are almost the same from legit investors and projects.
moreover the chance of success also increase dramatically considering the flow of investment getting in was really that much,
I also looking on those because at least the trust from bigger investors are there and what I only need to do is check them time to time , so if they withdraw? I will do the same lol.
It makes sense to invest in a new cryptocurrency during a presale or private sale. Then, when public trades begin, you need to sell the bulk of it (e.g. 2/3) in time to make a quick profit. And the remainder can be held for the long term.
Most often, they do this because it is the most working way. On the first day of trading, there is always a high probability that the price will be higher and you can take profits without much effort. But this works with tokens that are backed by funds or other large investors. With meme tokens, this scheme may not work.
not sure if that is the thing you wanted to understand but remember that volatility is applied to anything here in market no matter if bitcoin or altcoins.
