Honestly, there are quite a few people who became rich by buying altcoins during a bull market.

When I say rich, I mean turning 100,000 to 500,000 into a few million or tens of millions.

This shows that getting rich has its conditions; in terms of capital, even in the best bull market, the average increase is 10-30 times, while gains of 100 times are too rare to consider. So let's take the highest value of 30 times; I believe this result is quite good. I think everyone would agree. To get rich, you need to invest at least 100,000 to 500,000. Only turning this into 3 to 15 million counts as getting rich.

So here we can see that, generally speaking, the conditions for getting rich by buying altcoins typically require a principal of over 100,000 and a profit of around 30 times.

However, I want to mention that people who love to buy altcoins enjoy taking risks, and the huge profits from these risks make them even more inclined to take chances.

It is unlikely that they would earn 5 million or 20 million and then just put the money in a bank to buy financial products. I hope no one opposes this view.