Quote from: GbitG on August 09, 2024, 09:12:50 PM

Quote from: Dr.Bitcoin_Strange on July 15, 2024, 02:35:38 PM

But one thing about investing in altcoins, mostly the cheap ones, is that if you invest a huge amount, just a small pump can give you a huge profit.

That's true
I agree with your opinion that if we invest in an Altcoins with a huge amount we will definitely get a profit at the end. But here are some key points that are very important to be noted. A large amount of investment can not only give you a huge profit but can also give you a huge amount of loss. Apart from a few altcoins, all other altcoins cannot guarantee you that they will surely organize you 10x profit margins for the investment amount. And let's also say one thing that apart from Bitcoin and other prominent Altcoins, the risk of losing is high in other Altcoins, whether it is meme coin, AI or Defi etc.

So it's meant to say that you should invest a huge amount in this coin, which you think can really give you a big amount of profit instead of a big amount of investment. Like Bitcoin or Altcoin has ETH, BNB, SOL etc.

Diversification of the risks is also key. It's essential to not pump all the funds just in one or two big fellas on the market, but 4-5 for sure, if not more.