Is this strategy for buying altcoin for 10x, 20x potential profits recommended?

[gobear]

I am new to cyrpto and i have been doing tonnes of research since Xmas new altcoins almost daily.

Alot of the crypto and altcoins info can be overwhelming since there are tonnes of them.  I am aware that there are alot of strategies to it and don't blindly invest etc

Since there are so many of them and alot of info can be overloaded....I was thinking, if I go to coinmarketcap site and look at the top 100, and then I categorised by the price as in LOWEST, I see there already like 17 that are all under 20c for top 100. I am wondering if I buy them all........, like maybe $50 or $100 each altcoins (depending which I think has more potential) and hope they will rise 10x, 20x, 100x?  I mean I calculate based on the probability, market cap and even I lost, its just $50, $100 etc but if I can make 5x, 10x or 20x (even for 2-4 coins), I don't see why not.  I mean if I purchase in low cap market (even it is super cheap price), it is risker than buying from top 100.

I mean why I suddenly thought of that is like Dogecoin for example, alot of poeple think there is no value or a joke currency and most say its not worth investing but still eventually, the profit rose to many times although it took a bit of time to see that provided you don't mind sitting it around on the computer and let time tell you the result.

Or you think this method I suggested is not a good idea nor recommended? 

Sorry once again, like said I am a newbie and your feedback will be greatly appreciated.  Thanks

[housebtc]

I still believe this strategy still work but you must be in for long term holding and not be emotional when the price take a dip, if only 2 or 3 of the 10 project you invest in hit 10X then you are in profit, but I think you should be conservative and go for 5X which I believe is doable

[gobear]

Thanks for the feedback
I purchased a few altcoin yesterday night and there are already in RED 15-20% as of now and like you said, if I hold it long and take it as a dip, I shouldn't worry and not get the emotion out of me since I am holding long term anyways

[qazgroup]

Yes, i think majority of investors jump in with this strategy only and it have mostly worked if you have selected quality projects.

[Geenstijl]

This strategy is only for those people who are willing to wait and who are not afraid of temporary drawdowns of coins. If you are prone to panic you can not safely look at how your capital is melting. But if you can be patient it can bring you a very good profit.

[zoom_rich]

The only thing that gets me about trying such a thing is that it's so time consuming, that it might give you regret when you see one coin pumping, and you didn't have a lot more money in it.

[Sosolean]

if you looking for 10x 20x etc you should probably research up coming ico's and put some into a few. Just need to find next redplse or dragon chain