While altcoins can indeed be profitable, they come with significant risks. The market is highly volatile, and without the right strategy, it’s easy to fall into the trap of chasing trends or investing in projects that seem promising but lack real substance. Many altcoins lack the necessary liquidity, or they may be subject to manipulation by large holders. It’s crucial to avoid FOMO and not get swept up in hype, as many promising projects can turn out to be risky or even scams. Diversifying is important, but even then, you can still face major losses if you don't thoroughly research each project.