-trade for small profits. 3% earning on a transaction is good. Make that 79 times and you just have 10 times more money.
So you're advising him to make 79 successful trades in a row.
I would love to meet a person capable of doing that as the only person who could would be either a time traveller or God.
I think alts will crater stunningly very soon. I'd wait for that first before entering with any money.
I'm advising him to make not just 79 but an infinite amount of 3% transactions. The idea was to understand, it doesn't need for a coin to "go to the moon" before making a profit.
If I understand correctly your point, I must agree with you on that it is highly unlikely somebody can have 79 successful trades without a single loss, but if you keep collecting 3% profits and reinvest, there is serious money to be made.
Reinvesting and earning 3% for 79 times = 10x the initially invested amount, that is a mathematically provable.
I have around of 2500 orders placed at 5 exchanges on more than 150 coins. I have losses (oh God!) but believe me, the overall strategy works.