Investing in altcoins is very similar to gambling, sometimes even though investing in new altcoins can be profitable and vice versa, it is very difficult to assess which altcoins can provide long-term profits because investing is for the long term, so it is not recommended to invest in altcoins and if you still want to do it, you must understand the big risks involved.
In my opinion, altcoins are only suitable for the short term and never be tempted by news of people who have succeeded many times over in altcoins because the comparison is small compared to those who lose or only make a few percent profit.
Absolutely, Investing in alt coin can indeed be like gambling due their extreme volatility. However, this statement doesn't hold true when we talk about leading alts such as Ethereum, BNB and Solana as they always show resilience and stability, even when market is under pressure. Hence, accumulating these alts during the significant dips is always beneficial in the long term. DYOR
In summary, it is always wise to approach investing in alt coins with due diligence and through research and only invest what you can afford to lose.