Is it possible to profit from collapses of altcoins? Do you have any ideas how to?
Are you sure you want to take part of the collapsing altcoin? if you are sure then there you have taken advantage of the altcoin if the price returns to normal. however, what you have to pay attention to for each altcoin that collapses is the potential it has, if it has good potential then you are not wrong to keep it in your wallet for a long time until you can get profits and you can release it when the market is normal
An altcoin that has potential, so when it collapses, it is likely to get back up and it is not easy to find an altcoin like that,
easy examples such as Ethereum and BNB coins are both potential and quality coins that need not be doubted.
Major altcoins usually earn success in the crypto world as they have already built their reputation and they have lots of supporters that have invested a lot of money ot the project. So if ever we are taking chances investing in new projects, then we have to understand that we are taking a high risk as we could lose our money but the good news is if it will pump, that will result in a massive profit.
As an investor, we need to be knowledgeable as that's our main weapon to be successful, whether it's on altcoins or bitcoin investing.