I have seen many reviews about the current new altcoins. Most of them are marked as worse coins with cheap prices, while the rest coins are indicated as scams or shit-coins. I rarely saw people stated that new altcoins are worth for investment or trading nowadays. However, new altcoins are always born from ICO, STO or IEO every month.
So, my questions are
1. Why there are still investors in the new altcoins project? For what they invest if they know new altcoins are only about risks and losses?
Because they want to get rich quick and people are greedy enough to risk their investments in order to earn more profits.
There are only a few people who actually believe in a project and then make an investment. The rest just blindly invest in the hype created by the others.
2. Who are those developers that always create new altcoins projects? Don't they know that most new projects just ended with failure?
*Warning: Sorry if these questions are ever made by someone!! I never copied or got an idea from others. This is my own opinion.
You can find thousands of developers out there who are ready to develop whatever you say them to, as long as they are getting paid their cut.
Anybody can hire a developer to build a product and then sell it in the market and get back the money they invested in the developer.