While it is true that the altcoin market can be highly volatile and risky, it's important to remember that not all altcoins are scams. Some altcoins are backed by legitimate projects with innovative technologies and use cases. It's essential for investors to conduct thorough research before investing and to be cautious of potential scams.
All altcoins can become a scam at any time, even those with strong infrastructure, utility, a powerful community, a large fund and a real product. Even ETH can turn into a scam under certain circumstances.
Investing in altcoins can offer significant opportunities for profit if approached with a strategic mindset. Buying the dip and selling for a profit can indeed be a successful strategy in a volatile market. However, it's crucial to have a clear understanding of the altcoin's fundamentals, development team, and overall market sentiment before making any investment decisions.
I agree with that, but whatever your approach is, strategic or not, your investments will still be in a higher risk zone. Just don't forget that all LUNA investors were overboard and lost their money. Everyone from hamsters to institutional investors.