I did invest in lots of altcoins and i received many tokens from bounties as reward. I experienced that, most of the tokens turns into shitcoin or dead after a few months. Some Altcoins performed very good for a certain time then all of those lost 90-95% of values and still traded on exchange with so called volume. Thus process is continued. Even top altcoins also replaced by new altcoins. 2017 vs 2023.
Moral: I think BTC and ETHEREUM is better option for investment, Can be trusted blindly, profitable for long. Low Ranked Altcoins, Memecoins and shitcoins are just headache and reason of huge losses in long time. But anyone can invest his money wherever they want.
Altcoin is always risky because It's volatile is too fast. you will not able to take right decision here must of the time. Because there are thousands of altcoins you will be able to make an accurate prediction very quickly about which coins will pump when and which coins you should invest in. But since altcoins pump very fast, you can make quick profit from here in a short period of time. However, in addition to this, the price of altcoins also decreases quickly, so there is a high chance of making a big loss. So to invest in altcoins you have to take risk