Personally I'm not really open to investing in all those useless cryptocurrency.com flooding online today because most of them are definitely going to die off in no distant time.
Should you invest in Cheap Cryptocurrencies?
- Thread starter WhiteHouse
- Start date
Just because q crypto currency is cheap doesn't mean you should invest in it,I believe one should research first and be sure that the crypto ha
As long as the signals of the cryptocurrency it's something that offers reliable profit-making I believe that it doesn't matter if it's true or not you should invest in it because the most important thing is that you're making profit from it.
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Personally I believe it's wise to invest in low cryptocurrencies because they're affordable and could go higher Tomorrow. Bitcoin was once like that and it's now making waves.
Based on what I had read the cheap crypto coins are just meme coins and some even call them trash. I really don't know why people would invest in something that has a market price just to hope that the price will increase for them to earn a profit. What is the value of crypto coin when there are no more transactions?
They absolutely garbage when it comes to cryptocurrency because there is no amount of money that you invest in them that is going to yield any profit for you in the future which makes it a worthless investment.
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Yes it is very profitable when you invest in cryptocurrency that you believe and you know that it has great potential to grow when it grows you make lots of profit.
Well, as long as the cryptocurrency have good market future, there is nothing wrong with investing in the cheap cryptocurrencies. Just like investing in Doge.
The idea with buying cheap coins is that once there is a rise , profit is assured and it is also less costly.
Imagine trying to buy one Bitcoin now , how expensive it is.
Imagine trying to buy one Bitcoin now , how expensive it is.
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I do not think it will be wrong to invest in cheap currencies.
Most currencies increase in value when bitcoin increases in value or vice versa.
These currencies are volatile and are capable of yielding big at any time.
One of the main ways to make huge profts to buy cryptocurrency low and sell it high overtime. That does not mean that you should go all out and start buying every cheap coin you see in the marketplace.
Yes, you can invest in cheap cryptocurrencies. The ones with low value currently may increase in value in the future. Coins that are sold at cheap rates now may have a good potential to surge higher in no long time.
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Investing in cheap crpytocurrencies wouldn't be the issue; the real deal is how would you make sure your money isn't burnt or the project is viable. That's why you need to research well about any project you want to delve in.
Because some of these currencies have made people rich though.
Because some of these currencies have made people rich though.
From my point of view, you are right. Just because a coin is cheap doesn't make it an unimportant coin. It's price could go up in a matter of months, weeks or even days. We can never tell.
When a high valued coin experience a drop in price you can invest in it so that when it rises in value, you will be able to earn more money, some times Ethereum, donge coin, bitcoin e.t.c may experience a drop in price.
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I will advise you to invest in cryptocurrency that has a good track record as this will give you peace of mind over the new coin. This is the reason why I prefer bitcoin cash as it has good prospects and it is spitting within the good price range.
Cheaper cryptocurrency is more volatile than cryptocurrency that has a huge market cap. They are likely to rise higher because of the low market cap but most of them are not trusted that is why we have to be very careful when investing in them .
Invest in crypto coin which have a cheap price not a good idea, because there is no guarantee these coins price increase, like meme coins, these coins only best when they newly launch, so before launch buy these coins in pre-sale.
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That a cryptocurrency is cheap or with low market cap does not mean that it will do well. You need to do your research well before you invest in any cryptocurrency in order to avoid scam.
Your conviction is all that matters here. If the cryptocurrency is cheap and you believe that you are early then that is even a good opportunity for you to invest a lot of money.
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