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?
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.
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?
The reasons are simple, no risk, no reward. When Roger Ver invested in BTC in early days of BTC some people will think he is throwing money away but see what reward he earned after this. Some project will fail but that shouldn't prevent one from investing in potential project that would likely succeed like NEO, Ethereum, Stratis etc.
2. Who are those developers that always create new Altcoins projects? Don't they know that most new projects just ended with failure?
It is just like telling scientist they should stop researching because most of their experiment i going to end up failure. Man is going to keep searching for answers both known and unknown. When do we go to Moon and now man is looking to colonize mars.