Should you invest in Cheap Cryptocurrencies?

[Setho]

There is nothing as cheap cryptocurrency but only something that is weak and something that is true. This is how I used to evaluate if I should go in or sell it.

 

[tyrim88]

It is more profitable to invest in cheap coins especially those less than a dollar or even less than 10 cents. It is easier to double or even triple your investments with such coins than the expensive ones.

That is just it about very low coins,because an investment into some of these coin would make the market activity to go up if much investors enter into the trading of such coin,and then it can be easy to double your coin in less time.

 

[Sincerem]

The cheapness of a cryptocurrency does not determine its value. so many cryptocurrencies that were expensive are nowhere to be found now . Researching and understanding potential cryptocurrency does not have anything to do with its price but the ability to stand the age of time.

 

[Shigobad2020]

It's not advisable to invest in cheap crypto currency thinking the price will keep rising out of nowhere , you will find yourself to blame because I am a living witness to that.

 

[Heatman]

With the rate at which bitcoin is going up I wouldn’t suggest you invest in cheap cryptocurrency. I found out that if a currency increases it’ll automatically affect others. Bitcoin is rising rn that means others are affected currently

Bitcoin is the king of all coins in cryptocurrency and anything that is going on with bitcoin is directly going to affect every other coins. I believe that this is the reason why most people prefer to invest in Bitcoin because it is the main focus of attention when it comes to cryptocurrency.

 

[Riberet19]

Perhaps you should not look so much if it is cheap in terms of price, since what really matters is the amount of tokens that can be issued, the market capitalization it has and the value proposition that the coin has, this is what influences whether you will be able to make money with it or not, It does not matter if this cryptocurrency is worth $ 0.01 if it later has trillions of tokens in circulation and a high inflation, unless FOMO reaches this cryptocurrency for any reason as happened with Shiba inu, doge coin or pepe coin among others, but it is too risky.

 

[Skysaint]

I really like investing in cheap cryptocurrencies although that's not the only criteria you should look out for before making investments. The truth is that it's easier to get double of your investment capital with low value coins than the high value ones like Bitcoin.

 

[Heatman]

Perhaps you should not look so much if it is cheap in terms of price, since what really matters is the amount of tokens that can be issued, the market capitalization it has and the value proposition that the coin has, this is what influences whether you will be able to make money with it or not, It does not matter if this cryptocurrency is worth $ 0.01 if it later has trillions of tokens in circulation and a high inflation, unless FOMO reaches this cryptocurrency for any reason as happened with Shiba inu, doge coin or pepe coin among others, but it is too risky.

I was among the investors who got caught up with Fear Of Missing Out (FOMO) in what went down with SHIB INU and it's something that I'm regretting today. I had a lot invested in the coin but have lost almost everything now.

I did same with Dogecoin but simply because of Elon Musk influence and I'm still hoping to cash in on it when he plays his hands again with the coin.

 

[Ja Sa Bong]

On the off chance that you are searching for a decent coin, ETHEREUM, LITECOIN, XLR, NANOCOIN and TRONS are good ones.

The manner in which Cryptocurrency forms of money is designed, a cheap cost isn't the most ideal approach to survey whether a coin is Underestimated or an option to purchase.

Right or Wrong? Hit me with your opinions!

All these cryptocurrency which you've mentioned are very good to invest in. You can add Solana and Polygon MATIC to it too. They are good cryptocurrency projects.

There are so many shit coins in the market, make sure not to invest in them because you won't get any profits from them. Shib Inu is one of them now.

 

[Heatman]

I really like investing in cheap cryptocurrencies although that's not the only criteria you should look out for before making investments. The truth is that it's easier to get double of your investment capital with low value coins than the high value ones like Bitcoin.

Only my brother knows how he goes about his invested in shit coins and he's using his Trust Wallet to do whatever he knows how to do in making money from those coins. When they appreciate, he uses BNB to pay the gas fee and convert them into reliable coins.