Has anyone really become rich overnight by using altcoins?

Take a 100x coin that can make people rich overnight, for example. There are only two possibilities that allow you to get a full 100x return.

The first is small funds. You don’t feel bad if you lose this money. You can even go without looking at it for half a year. This is the possibility of catching the legendary 100x coin. For example, I bought Dogecoin in 2019. Although I didn’t get 250x, I got a solid increase of about 100x. Why can I hold it?

The main reason is that the proportion of my investment is too small. With the surge in my large position of Ethereum, no matter how Dogecoin fluctuates, I can’t see any obvious movement on my account, and my mood will not change significantly. This is the key to holding a 100x coin.

The second is a short period of time, which is a one-day or two-day increase. If it is a large fund, it is also possible, because the time is short and you may hesitate a little and have not reacted, and it has reached 100x. Otherwise, it is impossible to hold it with a large fund.

But I think the probability is less than 1 in a million, and I even tend to think that there is no such thing at all. The so-called myth of 10,000 times overnight in the market may be the copywriting of the dealer's "dream".

In fact, there is another way that can allow you to get 100 times of your large funds for a long time, but the probability is too low, that is, you can't operate due to uncontrollable factors, such as being put in a police station, being abducted by aliens, going to northern Myanmar and not coming back, being in a coma for a long time and waking up, etc.

In general, the cost-effectiveness of betting on such a 100-fold coin is very low. You can't use most of your positions to bet that it can rise 100 times, because even if you are really not afraid of death and use a large position to invest in such coins, you will almost certainly not get 100 times. This is the world-class problem of playing copycats. If you are so crazy all in small coins, what is the point?

Small gambling is okay for fun, take a few thousand U to play, as if buying a lottery ticket, but it is not recommended to use this as a long-term plan.

Facing the next violent bull market, how should we ambush?

I plan to ambush some tokens that are ready to explode, and also look for some potential coins for sector rotation. If you want to keep up, please leave a message, follow, like, and share for free.