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.
Absolutely! Those are some great examples of altcoins with real potential. Ethereum and Binance Coin (BNB) have proven themselves time and time again, with a solid track record and a strong community behind them. It's not often you come across an altcoin with that kind of staying power, so when you do, it's definitely worth taking notice.
But of course, as with any investment, there's always some level of risk involved. That's why it's so important to do your own research and make informed decisions. It's all about finding that balance between potential rewards and manageable risks. Keep your eyes peeled and don't be afraid to take chances on promising projects - that's how you'll find the next big thing in the crypto world!