But most people go to altcoins because they want to get rich quick which only pans out for a very select few...
Those who are here to get rich quick are the one that lose all their money.
We'll see... but from a risk reward perspective it's risk free at the expense of time.
Explain me please how its a "risk free" investment? You are risking 100% of your money that you plan to invest. Just like with every other investment. The fact that its -87% from ATH does not mean it can't go another -90% and than another -90%.
Have you heard of a trading strategy, that is based on getting into a coin at a lower market cap. $EPIC market cap is a little shy of $12m.
There are at least 2 000 coins with lower market cap than $Epic has.
For example this random pick from coinmarketcap - coin has 47k$ marketcap. (-99.6% from epic marketcap)
https://coinmarketcap.com/currencies/aditus/You are correct that risk free doesn't exist. However the chances of BTC or Ethereum with marketcaps in the high billions and a track record of being deflationary in the last decade, I see the risk as being extremely low if you have the time to wait the cycle.
Altcoins with low marketcaps and low utility are more akin to gambling than trading. Yes you can make 1000x if you are lucky but (unless I'm mistaken) there's no good way to know which ones will succeed.
Also never risk 100%.