Unfortunately it has become a trend in the general cryptospace. Quick profits are overvalued. The real profits are in the long run where value is created.
That's true and I can confirm it with my personal experience... I was doing that when I came into crypto, investing my last fiat into crazy shittcoins out there, but with experience that changes... Today, I'm far away from where I was and believe me, I got teased multiple times in a day to FOMO or FUD... Having people like myself of 4-5 years ago, testing me... 😂
But, as long as we have this "need" for fast profits, we will have projects that are delivering that "promise" to others... That's how we humans work... Luckily, we have exceptions that are paving the long-term road...