Am I the only one that feels this way?

Almasani

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Quote from: Williamm07 on September 17, 2021, 04:26:31 AM

Every time I see coins and tokens trading at 0.000005$ I always run away, do you guys do the same thing? I feel like why make them so worthless when you have good plans for them? I just feel more like they are created for pump and dump purposes, imagine buying and hoping it reach 0.005$? Dream achieved right? Very easy to manipulate newbies and most times they have crap use cases

not all coins with a price of 0.000005 $ have no value, it could be because the number of coins is too much. For example, trending coins like Shiba, even though Shiba is a Meme coin, its daily trading volume reaches $9,753,347,407 (usd).
same as Dogecoin in 2017 the price was $0.00022 ,but now the price has go up $0.2 usd . So not all coins with very low prices, can't succeed in the future.. if the trading volume increases and the holder increases, the price will automatically high.

dhemasm

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Quote from: Williamm07 on September 17, 2021, 04:26:31 AM

Every time I see coins and tokens trading at 0.000005$ I always run away, do you guys do the same thing? I feel like why make them so worthless when you have good plans for them? I just feel more like they are created for pump and dump purposes, imagine buying and hoping it reach 0.005$? Dream achieved right? Very easy to manipulate newbies and most times they have crap use cases

Basically most of them created for some pump & dump, You can see tons of new project with ridiculous total supply with, With that floor price it more easier to pump but it's not really good for long or short term investment, If you can just never fall to some coin that have fish pump & dump scheme.

Om.monata

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Quote from: Williamm07 on September 17, 2021, 04:26:31 AM

Every time I see coins and tokens trading at 0.000005$ I always run away, do you guys do the same thing? I feel like why make them so worthless when you have good plans for them? I just feel more like they are created for pump and dump purposes, imagine buying and hoping it reach 0.005$? Dream achieved right? Very easy to manipulate newbies and most times they have crap use cases

must be wary of low-priced tokens, usually these tokens also have a large total supply and are better for ping pong trading tokens. I do not recommend for the long term because it is dangerous and high risk

repasmal

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Almost true but not all of them, Fetch.ai (FET) for example is a very good coin and it was as cheap as your example years back but today you won't even believe your eye if you have such coin in your wallet, you would be rich already, what I want you to separate here is use cases and max supply, many shitcoins have billions max supply, some are even trillions that's why they have bad value, $FET isn't just one of them so before judging it's smart to always check out what they have to offer first.

mk4

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Quote from: passwordnow on September 17, 2021, 06:02:46 AM

Many are thinking of getting away from those altcoins that are priced in with that. It's all about your knowledge is getting deeper and you're starting to realize and analyze that many altcoins are tend to pump and dump easily having that price. So, it is really better to just stay away from those and do not waste your time having those altcoins. If it's not a lot of supply and they have that amount of price proportional to its less supply then you know what exactly why they're like that, a lot have dumped them and they're about to be worthless.

It's not that they're "getting away" with it, it's actually a boosting factor to interest with these projects. Ignorant "investors" are generally attracted to cheap unit prices because they automatically think that the stock/coin/token/asset is "cheap".

A perfect example being Cardano(ADA) and XRP. Despite being at the top of the charts in terms of marketcap(I'm convinced that it's hugely because of their very high circulating supply), some people actually think that ADA or XRP is going to reach prices of $500+ or such. Which is an utterly stupid expectation. There's really no sugarcoating the stupidness.

NeuroticFish

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Quote from: Williamm07 on September 17, 2021, 04:26:31 AM

Every time I see coins and tokens trading at 0.000005$ I always run away

The trading price was never a real problem, even Dogecoin started really small (not that small, but still, I remember the days with 0.00015$).
But you're right, in many case the devs added far too many zeros at the end of supply value (making the price this low).
However, no matter the price was high or low, sooner or later all altcoins disappointed me (as price/investment).

Darker45

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No, it is not about the price per token. The worth, or lack thereof, of a token is not to be measured by its price alone. It doesn't mean that since a token is priced at $1 it has more worth than a token that is priced at $0.001. The price correlates to the coin or token's supply. If it has a high supply, even if it is a token of a project considered worthy, it might still have a low price.

You can easily notice in coin rankings that certain tokens worth cents are occupying spots higher than those whose tokens are worth tens of dollars.

passwordnow

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Quote from: Williamm07 on September 17, 2021, 04:26:31 AM

Every time I see coins and tokens trading at 0.000005$ I always run away, do you guys do the same thing? I feel like why make them so worthless when you have good plans for them? I just feel more like they are created for pump and dump purposes, imagine buying and hoping it reach 0.005$? Dream achieved right? Very easy to manipulate newbies and most times they have crap use cases

Many are thinking of getting away from those altcoins that are priced in with that. It's all about your knowledge is getting deeper and you're starting to realize and analyze that many altcoins are tend to pump and dump easily having that price. So, it is really better to just stay away from those and do not waste your time having those altcoins. If it's not a lot of supply and they have that amount of price proportional to its less supply then you know what exactly why they're like that, a lot have dumped them and they're about to be worthless.

BlackHatCoiner

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Farewell, Leo

Is Bitcoin a ponzi? No.
Are those shitcoins ponzis? Yes.

Explanation: Ponzi is a strict term. In a ponzi scheme, the old investors promise high returns to the newcomers. The difference between a non-ponzi business and a ponzi one is the legitimacy. For instance, Bitcoin is not a ponzi, because besides a speculative asset, it's also useful. Many people use it as money and the creator never promised anything. In contrast, shitcoins such as SHIBA, make a copy of a cryptocurrency and project it as the new one which will flip the others. This is clearly a promise, which makes some of the new investors believe it'll have high returns.

Since these coins aren't providing anything different, they're doomed to lose their value in the long term while their creators will have gilded themselves.

So no. You aren't the only one who feels that way. They exist only for pumping and dumping.

cryptoaddictchie

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Quote from: Williamm07 on September 17, 2021, 04:26:31 AM

Every time I see coins and tokens trading at 0.000005$ I always run away, do you guys do the same thing? I feel like why make them so worthless when you have good plans for them? I just feel more like they are created for pump and dump purposes, imagine buying and hoping it reach 0.005$? Dream achieved right? Very easy to manipulate newbies and most times they have crap use cases

That is a very low price coin with a lot of supply. This is really tempting or so easy to buy and its all about marketcap actually. Some coins that has very low price is liked by whales and what they do is gonna pumped so hard and if the liquidity lets say got double then they will sell their shares and boom thosr late comers will suffer a huge blow. Maybe you see it so easy but if your in the middle game then youll lose too.

mk4

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While most coins/tokens are scammed regardless what it’s price and total supply is, it ain’t really a great idea to make conclusions based on price alone. There are simply a lot of far better factors to take a look at.

Upgrade00

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By 'trading at' do you mean the token sale price or the market price? The former is determined by the developers but the later is influenced by the market forces. Bitcoin was once trading very cheap a dozen or so years ago.

Quote from: Williamm07 on September 17, 2021, 04:26:31 AM

I feel like why make them so worthless when you have good plans for them? I just feel more like they are created for pump and dump purposes,

This depends on the token dynamics, if a coin or token has a huge supply, fixing a huge price for the presale would create a huge market cap, which would be unsustainable.
It could be a pump and dump shitcoin as easily as a coin set at $1 or $10, what really matters is the project fundamentals.

TheMimic1

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Almost true but not all of them, hologen (HOT) for example is a very good coin and it was as cheap as your example years back but today you won't even believe your eye if you have such coin in your wallet, you would be rich already, what I want you to separate here is use cases and max supply, many shitcoins have billions max supply, some are even trillions that's why they have bad value, HOT isn't just one of them so before judging it's smart to always check out what they have to offer first

Pmalek

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Most of the coins and tokens are created for the developers to make money on them as fast as possible.
Most have no use cases or valid reasons to exist. The "solutions" and benefits they promise to offer can already be taken advantage of by using Bitcoin. Many of the shitcoins are based on empty promises that an MVP will be created sometimes in the future, but it never is. Mostly, it's just a theory and a whitepaper promising to change the world.

Stick with what is know, what is working, and has a significant global userbase. Don't chase lambos and leprechauns.

Williamm07

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Every time I see coins and tokens trading at 0.000005$ I always run away, do you guys do the same thing? I feel like why make them so worthless when you have good plans for them? I just feel more like they are created for pump and dump purposes, imagine buying and hoping it reach 0.005$? Dream achieved right? Very easy to manipulate newbies and most times they have crap use cases

Topic: Am I the only one that feels this way? (Read 153 times)