Should you invest in Cheap Cryptocurrencies?

[tony803]

Yes you can invest in ripple.Its profitable.

 

[Nomad]

When bitcoins was officially launched it was pegged at 0.0008 cents. That was in 2009. Just in 11 years it became $34000. who had thought bitcoins will grow with such pace. I believe a lot of cheap currency will grow big.

 

[Sotherefore]

well I've been in the world of cryptocurrency for a very long time and I've come to realise that investing in cheap and newly cryptocurrency carries risks as it will be very difficult for the coin to get value so as to recover or make profit but you should rather invest in the Giants cryptocurrencies like bitcoin, because there's a possibility that in the next one year you might even gain 100% of what you're invested because the coin is gaining value overtime.

 

[Josemendez]

If there is anything I have realize with these bullish run of many altcoins ,it is the fact that there is need to focus on them . for example , litecoin was at $56 earlier last year , now it is at $150 .
I have decided to consider investing in these altcoins ,because the price will soon rise to a greater height before the year ends.

 

[Damscooguns73]

What I can advice is that you can invest into all this cryptocurrency coins that are still low, but you can put in a small capital just incase, we never can tell but what can be said is that it is going to be a long term investment not short investment

 

[Chumzy]

Taking risk in the crypto market, is basically investing in cheap currencies. It is tricky because you can easily buy so many coins and if it rises, you have hit big.
But the risk is scary because a drop in value could make it almost worthless. One should be careful but it is a fun business.

 

[Abibatabosede]

There is no big deal in having to invest in cheap or expensive coin.If a coin is cheap,it is probably because it's new in the market and still trying to make fame not that it's not going to appreciate later on in the course of the business.
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There is no big deal in having to invest in cheap or expensive coin.If a coin is cheap,it is probably because it's new in the market and still trying to make fame not that it's not going to appreciate later on in the course of the business.

 

[Mujahid12]

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!

By cryptocurrencies, you can get a lot of profit because their price is up and down on the daily basis and because and we get it very cheaply and with this we can get a reasonable profit on the daily basis.

 

[Kennysplash]

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!

Even etherium and litecoin right now are not considered cheap crypto currencies. Tron, xrp and the likes can be considered cheap crypto currencies. I will advise to invest in them, it seems 2021 is a year of crypto currency.

 

[Trojan8]

Investing in lesser known crypto actually has more returns than well known ones. But with high returns also comes high-risk. For this to work, you must be ready to spend enough time and resources analyzing the best coins among the sea of coins available today.

 

[Khezo]

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

Investing in cheap crypto currencies is a headstart for people in the low income arena cheap crypto currencies easily helps people in such bracket, and when they've made enough they can venture into stronger and wider crypto currencies

 

[Donkiz]

Most of us are still licking our wounds for what we termed missed opportunity as regards to what happened with bitcoin, and that makes us to always rush to invest in any new cryptocurrency that showed a little promise. But there's a possibility that we might not get another cryptocurrency that will go the way of bitcoin, having said that, there's question will be if it's advisable to invest in these cryptocurrencies that have shown real promise? The answer is yes, because you never know, you might be fortunate in the process.

 

[mahdi304]

It is a good idea, depending on the cryptocurrency you're thinking of investing in of course, and I do think the cryptocurrencies that you mentioned have a lot of potential, but one I would like to add to that list is Cardano(ADA), I think it's a pretty decent cryptocurrency that has room to grow in price.

 

[Goodday]

Yes, it is very profitable investing in cheap coins with good ratings. All these famous crypto currencies like bitcoin and ethereum were all cheap coins before and now they are grown. Crypto is all about making the right decision, have the patience and wait for time to harvest your profit.

 

[Oluwatobitosin]

Cryptocurrency's rates cannot or can never be predicted easily, except if you invest in a low crypto today and it increases tomorrow good luck, but if it doesn't increase then you should go for a better one

 

[Goodday]

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!

Basically, I think investing in cheap crypto currencies is worth. These coins are still in the beginning and they can even surpass bitcoin if care is not taken. Bitcoin was once a cheap cryptocurrencies but very expensive and costly that you might even still your yearly salary without getting one.

 

[Koldej]

Yes , but you should be aware that it is not all about being cheap, it is about the potential of rising, bitcoin was also very cheap few years ago, ethereum was very very cheap few months ago, now imagine the cost, personally I will advise you invest heavily in cheap crypto with potential

 

[Ridorz]

It's very advisable to invest on cheaper crypto currency because of raises of Bitcoin and it's more cost to buy. But if you can not afford a Bitcoin, you should buy cheaper one but you will need to exercise patience and wait for the time that the one you invest on Will raise .

 

[Afoskalex]

If you see cheap cryptocurrencies that has good tokenisation, buy and keep till the coin increases. Like when bitcoin was less than $1 before and if one has bitcoin now, it is money.

 

[Patrik]

Maybe if you think that the cheap coin has a future (XLM for example) and is worth investing on, then go for it, maybe the same scenario that happened with Bitcoin could happen to that other coin too