Although, no doubt because there are all possibilities for such to happened only if they get involved in with altcoin that are more of pump/dump, when they are lucky they could get pumped to cash out good profits from their investments and only those who have been in the cryptocurrencies space can actually achieved such quicker profits.
You just rounded up the discussion with the truth by saying, “Only those who have been in the cryptocurrency space can actually achieve such quicker profit.” If not, how would a newbie in crypto even know which altcoin to invest in to get a quick return?
Let’s be honest, we all know crypto is not a “try your luck” scheme where you just throw your money into an alt coin and it suddenly pumps overnight, making you rich. That narrative is not only misleading, but it’s also dangerous.
It’s actually funny and sad how many people jump into the crypto space without having any real knowledge, experience, or guidance. They move based on hype, social media noise, or the fear of missing out (FOMO), thinking they’ll wake up to massive profits.
The truth is, only those who have spent time in the market, studied its behavior, understood trends, and learned from experienced mentors are in a position to identify potentially profitable altcoins and even then, it still carries risk.
Cryptocurrency, like any other form of trading or investment, requires time, patience, research, and discipline. Without these, you’re not investing, you’re gambling.
So, before diving in, make sure you understand what you’re doing. Learn, follow those with proven experience, and never invest more than you can afford to lose. In crypto, knowledge is not just power, it is also protection.