So I've always posted about how early entry is key when trading both spots and futures and rn the scenario has played out again. So I saw news about chainbase token listing 4 days ago and decided to participate in the Bitget launchpool for C while casually holding some of the token..
4days later, I noticed the token has done over 300% due to Binance listing announcement.
You should already know the risk involved in altcoins investment, seriously I don’t really encourage anyone to invest in altcoins because of the risk involved in it, when you invest in altcoins, you can easily lose your money. You might invest in a particular coin and you will make profit, but that doesn’t mean if you make use of a strategy and it works for you, it might not work for you when you try to use the same strategy for another coin.
I don’t think altcoin investment is having any strategy, altcoin investment is based on luck, if you are lucky, then you will be able to make some profits, but the issue is that most people are not always lucky, that’s why the best thing to do is just to stay away from altcoins if you can do that.