True that it's risky but your chance of making a good profit is also good, there are traders who made fortune in altcoins as being a day trader will give you the opportunity to take advantage of the price pump and dump. It's like a game that you need to focus, it's very volatile and that what's trader like as a characteristics of an asset.
Yes. That is why cryptocurrencies might be one of the most profitable ways to trade with them due to their volatility, which makes it a trader's dream. If price movement of altcoins are analyzed correctly, traders can exploit their strategies to make the most out of them.
I've seen many alts which are pump and dump, having a constant pattern in price movement, making it the ideal choice to make profit from them by just buying low and selling high. Be aware though, while they're great for making profits in short term, they're not ideal for long term investments nor to become used as a store of value. Thus if you're looking for coins that help serve this purpose, you're better off investing into the top 5 cryptocurrencies like ETH and Dash to help secure your investments for the long term.
As Bitcoin's future becomes uncertain due to possibility of hard fork, and scalability issues, investors are moving into altcoins making them rise in price, and bringing a constant stream of profits for those who have invested in them earlier. Just sharing my thoughts.
