Exactly like I do. I have seen so many cases that newly launched cryptocurrency outhere scam people of their hard-earned money.
You might be able to make some profits if you try new coins and sell them immediately after they gain some traction. A lot of people have been able to make profits form this method. But this is too risky.
I understand the method you are trying to say . But I believe this is mainly for people that have a huge sum of money to invest.
I don't think you need a lot of money to invest in "shitcoins." If I had invested even $10 in the coins like baby doge or floki inu, I could have made almost $1000 when they gained prominence. When it comes to investment $10 is not much.
In terms of shitcoins yes I was not investing much money then. Atleast I invested from $20 up during that time but there are some cryptocurrency that will not generate tangible profit if you only have to invest $20 such as Bitcoin.
Yes, that's a reason why a lot of people are investing in other coins despite Bitcoin being more trust worthy. Even Ethereum can be trust worthy when it comes to investment, however, the price is too high for small investors.
It's interesting enough that Floki was used by Elon Musk and it's already pumping. I've made almost 50% of my initial investment in it. I would definitely put more money into it before the bull run starts properly.
I don't know about it now but before whenever I was interested to invest in coin like bitcoins or ethereum, I always try to invest in such cryptocurrency using an exchange is like binance because if you're investing it in your trust wallet trying to sell it on binance will involve sending out and that requires a whole lot of fee.