Should you invest in Cheap Cryptocurrencies?

[Alexandoy]

For a long term investor ,i can say investing in a cheap cryptocurrency now might be of benefit in the future.Bitcoin is not actually rising like before again and this might give opportunity to other cheap coins

I think the cheap crypto coin is for the short term investor because it might not last long in the exchange market. It is better if a long term investment is a reputable coin like Bitcoin or Eth because they have the staying power compared to other coins that are flash in the pan only.

 

[Jlife]

Most cheap cryptocurrency will be very difficult for them to reach a good price in the future ,because of the high supply of the coin, a cryptocurrency being cheap it's not a guarantee that it is going to be a good and potential cryptocurrency.

 

[Bousine123]

The choice to invest in small coins will totally depend on you. You can decide to go for small coins if you are someone who is a long term investor.

 

[Bookwormlux]

If it is a coin that you are convinced to buy, then I think nothing should stop you from doing so. Cheap coins also yield big.

 

[Snazzy001]

Does cryptocurrency see you are referring to them as cheap today might end up becoming the most expensive cryptocurrencies tomorrow overnight

 

[eLdavis]

Does cryptocurrency see you are referring to them as cheap today might end up becoming the most expensive cryptocurrencies tomorrow overnight

Exactly, it would be a wise decision to invest on such coins Instesd of only focusing on the already made ones. When you invest on other ones, you stand a chance of gainning more profits.

 

[Senator]

If you on your part have carried out a proper and deep due diligence on any of the cryptocurrencies that you think are cheap for you to invest in, then you can be confident that the choice of your coins will yeild result for you

 

[Heatman]

Personally as far as I'm concerned when you come to cryptocurrency investment you should try as much as you can to invest and the cryptocurrency that you know you can afford to lose or take losses when it doesn't go well.

 

[McIrx]

Investing on cheap cryptocurrency depends on your risk appetite. The cheap ones are more susceptible to huge price fluctuations as just a reasonable sum is needed to boost it. Also, they can disappear off the market due to their insignificance. But if your source of info is right and on time they can be money spinners.

 

[GIFTMICHAEL]

That's actually what I'm doing to invest in small coins that I can afford plenty of them, save for the future. I always go for those coins I can holdl for long.

 

[Thinker009]

There is actually nothing bad in investing in cheap coin , you could make more profit through that process , there are many cheap coin like dot ,OMG and when the price move high it's a big gain for you

 

[Abigael]

Personally as far as I'm concerned when you come to cryptocurrency investment you should try as much as you can to invest and the cryptocurrency that you know you can afford to lose or take losses when it doesn't go well.

I agree with your strategy. As much as you have done your analysis well, you should never have too high expectations about cryptocurrency investments. So only invest an amount you can afford to loose.

 

[nimzy]

When it comes to issue of investment, I personally wishes and always like to invest in highly qualitative business because I believe most of the lost and non profitable business this days are cheaper business investment which with time it may lost it vision.

 

[Destinyfejiro]

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!

Most times it depends on your financial status , if I have enough money I would definitely buy btc,eth,bnb etc, but then I don't have such money so instead I go for the ones that are cheaper . Cheaper coins doesn't mean it's not going to give profit of course it would. You just have to do your proper research and bag the right coin.

 

[Senator]

If this so called cheap cryptocurrency has the potential to make you money in good amount, who says you shouldn't invest in them? After all what are you an investor in the market looking out for, is it not to profit from your Investments?

 

[Yusuf]

Either cheap or not, the best thing is to invest in a good project in the crypto currency exchange Business. With this method you will definitely be sure of making money for yourself

 

[Heatman]

I agree with your strategy. As much as you have done your analysis well, you should never have too high expectations about cryptocurrency investments. So only invest an amount you can afford to loose.

A lot of people don't really know when it comes to investing in cryptocurrency you have to be very cautious with your investment because any slight mistake that you make is going to cost you dearly.

 

[Richard92]

Investing in cheap crypto currencies is a good business idea, although it might take a very long period of time before you start achieving your aim for investing in it, but surely it will be profitable

Most people believe that investing in chips with a policy pays more so the go-ahead investor the cheap cryptocurrency because when it tries to make some profit.

 

[ahmedo24]

A lot of people don't really know when it comes to investing in cryptocurrency you have to be very cautious with your investment because any slight mistake that you make is going to cost you dearly.

I think platforms like Binance , coinbase, Kucoin and the likes could assist a newbie to pick coins to invest and not regret but most importantly the person must invest when the market is down.

 

[Richard92]

Most people invest in cryptocurrency because I believe that they will make more profit from cheap cryptocurrency because they believe that when you die it make greater profit than the big cryptocurrency.

Investing in cheap crypto currencies is a good business idea, although it might take a very long period of time before you start achieving your aim for investing in it, but surely it will be profitable