I'm with ya. In regards to profiting what I meant was if the price of a specific crypto never went up and stayed stagnant I would be just fine with that. Profits are a secondary objective.
You're right though. It's not for the faint of heart. A friend of mine refuses to buy any crypto ever. He has the means but is self aware. He knows waking up to a 30% loss would crush him and he would panic sell. On the other hand I'm a bit more risk tolerant and have gotten more accustomed to the swings.
Thanks for the response :)
Those are the exact kind of guys that should stay away until there's more safety nets put in. Early adoption is often painful.
Happy to help!