As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.
yes altcoins can be a potential way to generating benefits to investors . because Altcoin prices fluctuate quite a lot so if an investor is able to invest in a potential altcoin then that altcoin can give him a huge profit. And can a person become super rich with an altcoin profit. But there are many risks in this case also. So be careful in everything
Finding that coin which could make you a lot of profit is the hardest thing ever. It is not impossible but it is quite difficult to do and that is causing all these problems. If we were any good at finding smaller cap projects and buy them before they go up, we wouldn't have this problem, we would be joyfully spending our investment profits.
However, as we can see from the situation it is clear that we are not doing anything that could be profitable because we keep on picking the wrong coins. That is why at the end of the we should not be expecting people to make a profit neither, we should be expecting them to lose each time they try.
at this time marketing situation is bad that's why New projects are coming to the market comparatively less. And the projects that are coming to the market are not doing very well either. And due to the deterioration of Bitcoin and some recent bad events like LUMA crash, FTX bankruptcy, all the altcoins in the market are in a very bad condition. So if one is planning to invest for long term then now will be the suitable time for him. If he invests now, he will get good quality profits as soon as the market improves