While there is a lot of luck in picking the correct coins, there will always be a lot of skill too. And if you do it well then sure, you could easily make returns in the 100-1000% range I'm sure rather quickly.
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Hmmm, that is equally true. I'd like to ask what you think about the recent spate of Cryptocurrency scams. I've seen some in the form of MLM saying they have built their network on some established blockchain. What do you think about this? I'm totally novice to the world of crypto.
There will always be scams because of the irreversible and anonymous nature of crypto. Both fraudulent individuals or even entire companies that will try to take your money. This is part of what makes speculative trading difficult. And the more speculative, the more risk you are exposed to. For the smart and/or lucky ones though... you can become a millionaire in literally weeks or months.
That's true, speculative trading is difficult. I wish people can take the time to get veritable knowledge of what they are investing in. Over here so many are involved in some platforms which I smell foul play. I'm thinking it might be a good thing to enlighten them about the patterns of those trying to swindle them.