Should you invest in Cheap Cryptocurrencies?

[Sincerem]

Don't just invest on the coins that doesn't have high potentials to rise. Their are coins that is just like dogecoin and tron coin etc. That can never rise for you for a very long time, they remain stable and stagnant. Always check top rising coins via coinmarketcap to ascertain which one to invest in.

 

[Heatman]

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!

Ethereum isn't considered a cheap cryptocurrency because it's almost the next good thing after Bitcoin when it comes to how it's appreciating recently. Those cheaper cryptocurrency aren't worth investing too much money into is my opinion. Just get in bed with BTC and enjoy your investments.

 

[Damismiling]

Before you invest in any cheap crypto currency do a thorough check of the currency, ensure it is widely acceptable, and it has the tendency of rising with time, be sure it's not a coin that will lost it value

 

[Abigael]

Investing in cheap crypto currencies is a good thing to venture into. But you should first do analysis to find out if the coin of your choice has a potential of growing in price. The rise of bitcoin has been found to make some cheap crypto currencies to rise in price. So you should find out which coins those are so that you can invest in them.

 

[btaliat]

I have my style when dealing with cryptocurrencies. I deal with coins with high values like bitcoin and the likes when I want to trade and the small coins when I want to invest. I am considering dogecoin and I will leave it for like maybe three or four years

 

[Highflyer]

The best cryptocurrency to invest in is going to depend on your own, personal preferences and overall financial situation. Are you looking to invest short-term, or long-term? Do you like to risk a lot, or play it as safe as possible? What about the prices - do you plan to invest a lot of money, or do you only possess a small starting budget? Also, each cryptocurrency is different - it's important to put in the time and research to find one that will suit you best!

 

[Bookwormlux]

You should only invest in cheap and non popular crypto currencies if you can afford to wait for a very long time, that's long term investment. You can also opt for faucets and smart contracts that let you earn these cheap coins instead of buying.

 

[Maliha]

If you have intention to invest in cheap cryptocurrency so must make sure that it has atleast gain sime popularity and also have some potential to raise its price after some time.take time for the raising of price

 

[Richard92]

It all depends on your choice of investment, all crytocurenccy are very promising, all you need to do is to study the crytocurenccy before you invest in it. Some people like investing in crytocurenccy they trust while some like investing on crytocurenccy that they believe it will gain the crytocurenccy market. But what I believe is, they more people buy the more it grows, so I will advise you go for big crytocurenccy.

 

[Ralphjoe]

Cheap cryptocurrencies can also generate as much returns as their expensive counterpart and even more because when one buys some small units of the coins and the coins appreciate in value, the little appreciation on each coin times the number of coins that you invested in can generate much profit for you.

 

[Sanusi]

You don't need to invest in cheap crypto currency because there other crypto currency rising in which you need to invest your money into a good example of crypto currency is bitcoin as at now bitcoin is rising day by day so why would you invest on cheap crypto currency it's a no for me

 

[Tariq Shehzad]

I would like to invest and trading in a very new and cheap cryptocurrency as it may increase its vlaue in future and hence we can get maximum profits.
I have listened about Pi a new cryptocurrency that is mining now by many people and I am also mining it for the last two months.

 

[kayode10]

To getting rich in this life you have to know how to take a calculated risk. Nothing in this life is risk free even if you decide not to do anything, is also a risk. You take a calculated risk when you invest amount you are will to give away on cheap cryptocurency without expecting return in the nearest future. As for I would say it a good moving to invest in those coins early, who knows one of them might pick up just like Bitcoin.

 

[Asad Ali]

Before investing in any currency, look at its future so that there is no loss Before investing in some currencies, one should check their demand and supply and then pay attention to its regular growth.And then you have to keep a close eye on its fluctuations for a few days to see how much profit it will make to invest in it, even if it is Ethereum.

 

[Dowenship]

Yeah, u are right, but u can still try your luck, their's nothing bad in trying, has long it won't cost you above ur feeding money. etherium and tron is also average to me to invest in, just av the knowledge of how to trade.

 

[Oluwatobitosin]

Cheap cryptocurrrncy isn't what I advice my enemy to invest into, irrespective of what you are investing on you have to pray you are investing on what will yield great profit or gain. So cheap cryptocurrency isn't really advisable

 

[Tiwa]

Yes it is good to invest in cheap crypto currencies. Coins with close to zero in price can become a great deal tommorow. But, not all of them. And this is why you should do home research on the coins you target to buy to see what there activity or usage is like. The more a coin's use is beneficial, the more its prospect of becoming big.

 

[Hasan Raza]

We must not under estimate any cryptocurency cheap because if we look back the history of bitcon in early times people used to say it scam and cheap but with the passage of time it became powerful. Ethereum and some other cryptocurrencies are also in good condition and will go higher so we can't say any cryptocurency cheap.

 

[gammarays]

Yes,it's very good to invest in very cheap cryptos because of the following:
1. It's easy to acquire, some of those coins are below $1 so you can accumulate much of it.
2. Risk is very low. It's easier to ignore the lose for these low value coins than others like Bitcoin.
3. It's also adds in value quicker. It's easier for a $0.05 coin to move to $0.1 than for a $1000 coin to jump to $2000.

 

[singlej007]

There are some cheap cryptocurrency that can turn out huge, it mostly depends what they are offering and the solution they are bringing to the market, most cryptocurrency started cheap those days even the almighty bitcoin started very cheap. So, investing in cheap cryptocurrency is not bad, but you must check the potential and team behind the coin.

Post automatically merged: Jan 21, 2021

There are some cheap cryptocurrency that can turn out huge, it mostly depends what they are offering and the solution they are bringing to the market, most cryptocurrency started cheap those days even the almighty bitcoin started very cheap. So, investing in cheap cryptocurrency is not bad, but you must check the potential and team behind the coin.