With $10, someone can build their portfolio to a good amount, and with $2k, someone can destroy their portfolio with any little mistake in a trade. The real question I've been wanting to ask is how someone can fall into the first category. I've seen numerous friends make good profits from onchain projects with little money. For clarification, I'll surely share some of their profit details on new projects like $BNKR, $CLIPPY, $ZYRA, and many others that I can't count. Are they just lucky, or is it about the exchanges listing solid projects?
You need to see it on-chain, look at the trader's smart contract, see how many coins they're buying and their strategy. On-chain trading, especially with memecoins or small-cap coins that are only available on Dex, is very difficult, even more so, to capture potential or find alpha that can drive price increases.See how many of the coins they buy become worthless. Some try their luck with coins they choose based on their analysis. If they have $100, they'll split it into 10 coins, if the target potential is thousands of percent, and hope someone makes history with this method. This kind of capital distribution strategy isn't easy, but it's possible to implement and generate profits. However, there's still no guarantee. It's like relying on luck to see your chosen coin enter a major exchange after you buy it.