Is it possible to profit from collapses of altcoins? Do you have any ideas how to?
The possibility of getting profits when altcoins are falling is very huge. for example, in the fall of Terra Luna Classic, even though Terra's fall was very bad news for the holders, many people took advantage of the moment to gain huge profits. This proves that we can benefit from the collapse of an altcoin. However, it all also depends on the strategy you have. You can benefit by taking advantage of the volatility that occurs, or short, and you can also buy these altcoins in large quantities, and hold them for a long time.
There is always a way to make money even with collapsed altcoins like Luna or FTT, but is it worth the risk to invest in them to get the returns that many other potential projects can also bring? The profit is the same, but the risk is different, I don't think it's worth our try.
All profitable investments need volatility, easy said, but do you know when it will happen? What sign do you guarantee it will recover when we hold it long term? It's all just gambling and in this case, more risk than luck.