Does anyone here have an opinion of altoins that are under $1 that are worth investing? Because the lower it is, the more X amount you can.
For example if a coin is 10 cents and say you buy 10000 of them, thats 1000 USD. If this coin goes up to 1 dollar, that is 10x your money or 10000. Now if it goes up to 10 dollars, that would be 100x.
The thing is if you get a coin for 10 cents, how much can you really lose? Because no coin goes to 0 right? I mean it might go down to 0.002 etc if it does? But if it goes from 10 cents to 15 cents, thats 50 percent your investment which is huge. The thing is people say invest in bitcoin. But the issue is look at the price. Its around 4000 usd for a btc. Let say you buy 1 btc. If it goes up to 5000 usd, yes you make 1000 usd. But if a coin is 10 cents and you buy say 50000 of them for 5000, well it going up to 12 cents would make you the same money as compared with btc.
How many coins has went all the way down to say 0.01 or less that was at 1 dollar at one point?
How many coins has went from less than say 25 cents or less and at least doubled VS dropped more than 1/2 the price? That is what im very curious at. Now if a coin is at 0.002 etc and stays around there thats not much about it. But it seems like coins under 1 dollar that shows potential if you look at the chart seems like a good idea? Since there is so much you could make? For example if there is a coin that is 10 cents and people talk good about it... that seems like a better idea than buying btc right for say 5k? Like i think it would be better to buy 50000 of a coin at 10 cent than 5000 usd worth of btc. Because that coin only has to increase 2 cents compared to btc increasing 1000 usd though someone here says thats not how you should look at it etc.
But thoughts on what coins under 1 dollar is good? The thing is if a coin is less than 10 cents, that could mean a potential for a lot of money. Like a coin being 10 cents and it going up to 25 cents would be pretty huge if you bought like 100000 of it etc.
right. Investing in these cheap altcoins will help you get more profit but the risk is very high.
For example, if you invest in bitcoin, the price of bitcoin will increase by 10%, but the price of altcoin will increase to 20-30%. But if the price of bitcoin drops by 10%, the price of the altcoins will drop to 30-40%.
So investing in altcoin is quite risky but it brings in more money than investing in bitcoin. I always like adventure.