It is best to invest in a cheap and reliable coin that has good prospect to grow. Investing in popular coins like bitcoin and Etherum will involve a lot of capital to be profitable. One can also invest in prospective coins that have not gone public yet and has prospects.
Should you invest in Cheap Cryptocurrencies?
- Thread starter WhiteHouse
- Start date
Yes because you stand less risk of losing money. The cheaper a cryptocurrency the less money you have in the wallet and if some unfortunate event occurs the less money you lose.
Yes a person can earn profit by investing in cheaper cryptocurrencies, as we can buy large amount by little money.
But make sure that, the currency that you are going to buy, is not going to be kicked out of the digital market.
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Yeah because they are affordable and easy to acquire. You can even get some of them for free. But not every cheap coin is worth to be Invested to. You need to do some research and see if they really have potential and you can keep them for a long term investment its not that as risky as Bitcoin because you can invest just your spare changes to them
Some cheap crypto currency might just be a good investment in the nearest future but it's good to make findings like the feasibility and historical charts so one wouldn't loose in cryptos that don't go far.
There is absolutely nothing wrong in investing in cheap cryptocurrency because bitcoin started many years ago as very cheap few years later look at how much it is worth now. So with this in mind onw can jump on the moving train.
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Seven contenders for the best crypto to buy for 2021:
- Bitcoin (BTC)
- Bitcoin Cash (BCH)
- Litecoin (LTC)
- Ethereum (ETH)
- Binance Coin (BNB)
- Tron (TRX)
- Chainlink (LINK)
Bitcoin and ethereum is one of the best cryptocurrency to invest in this year, was the first major project to introduce smart contracts, allowing developers to launch desktop and mobile decentralised applications (dApps) on the back of blockchain technology.
Bimsy
Familiar Face
I will advice that investing in a cheap cryptocurrency is a good investment that helps to secure ones future and also safe a degenerating currency. A wise person will buy cheap and sell higher
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You should also invest in the cheap cryptocurrencies, for a long term it can give you a lot of profit because if you buy cheap cryptocurrencies when it go for a higher rate then you can earn a lot of profit.
Investment is not something that we need to play with it or over it. We don't need to invest money where there is no return. Always join the moving train.
If you invest in cheap cryptocurrency it might cost you so much you may not grow financially.
If you invest in cheap cryptocurrency it might cost you so much you may not grow financially.
It is your strategy and decision that you choose. Because all the coins you mentioned have the potential to increase in value in the future. It is too early for cheap coins to boom, we do not know which of them will reach the moon early. But that takes a long time if you really want a big profit.
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Your perspective is absolutely spot on. Let's look at the way dodge coin and xrp have grown over the past few days. In order to succeed in crypto, the best thing to do is to make very thorough research on the potential for growth before investing your money. The thing is it is safer with the big boys because they are always popular and are rising but it doesn't make any much difference.
Investing in cheap cryptocurrency is a nice idea because of the rapid and surplus profit it comes with. Take for example, last year July, I bought 1 Ethereum for #103k Naira and now the same amount of that ETH has gone up to 666k per one.
Isn't that nice?
Isn't that nice?
You are right, lots of crypto out there doing well and not too expensive to invest on, but one has to understand some basic factors before concluding on investing. Check the price history and see how the coin had been fairing, understand the factors that are responsible for the rise and fall in value and also the trade volume, get a good exchange wallet and you are ready to go.
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- Thread starter
- #76
There is nothing like cheap crypto.
I will offer you the straight responses .
If you need to go for any coin, go see their group and the vision ahead.
At the point when done, see the local area and ultimately set aside out the effort to peruse her white paper and conceivable yellow paper.
At the point when done, you would have decided onto the coin you need to put resources into…
I will offer you the straight responses .
If you need to go for any coin, go see their group and the vision ahead.
At the point when done, see the local area and ultimately set aside out the effort to peruse her white paper and conceivable yellow paper.
At the point when done, you would have decided onto the coin you need to put resources into…
Although I am not a cryptocurrency investors but I think before you can invest in cheap cryptocurrency you should invest in cryptocurrency that has good potential and if you don't know any of them then invest in expensive cryptocurrency, that will be better to avoid regrets
Cheap cryptocurrencies are a over a good investment but it could still lead to burning of fingers due to its unstable balance and that is the reason most people prefer to buy bitcoin due to it's stable nature.
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Eth and btc are usually pretty safe investments. I think it all comes down to the individual. I have only invested in alt coins, and I've done very well. That being said, my best friend is very bullish on etherium and he's done just as well as me. Some times he's more ahead, some times I am. Neither of us trade.
There are some cheap cryptocurrency that you will that it will have the potential of becoming valuable but it may not have the potential of becoming valuable as you may think that is why I concentrate in investing in cryptocurrency that is gaining value each day, because those are once I'm sure of
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