Topic: Be careful of low marketcap coins - page 3. (Read 497 times)

Well, to a lot of persons, altcoins is the way. It might seem so due to the fact that, its market is still very low and accessible compared to bitcoin which to many, its too expensive like OP said and but still, I can argue that, bitcoin has not gotten to half its potential yet becuade, the fragment of the world population that is holding bitcoin at the moment or involved in cryptocurrencies is still very small. Hence, the scarcity role is still yet to play out and as such, there are still a lot one can gain out of investing in bitcoin, even more than the altcoons. The problem often comes with one not having a plan.
I for one feel it's important to have a share in what makes others stand out and that in the case of cryptocurrencies is Bitcoin.

It is just logical that if the market capitalization is lower, the price is less stable. The volatility of the price is very high, which may result in either earning a lot or losing a lot. The smaller the capitalization of the project, the bigger the lottery of investment is.

This is common for newly-introduced shitcoins that come and go. There are some Twitter and Telegram signals out there who are shilling low marketcap coins from time to time that didn't last long. Even if the team are doxxed and liquidity locked for a longer period of time, the problem with these shitcoins is that they are almost using the same concept as the other shitcoins out there. No to little uniqueness at all, or their concept isn't that impressive and catchy for the investors.

This is where I've lost $1,000 in some low cap shitcoins (only 1 of them have made me a little profit). So yeah I've stopped investing into these low cap shitcoins.

They can't stay in the market for long because of this wrong thinking. I don’t blame Newbie people completely, they actually follow different people who influence them in the wrong direction. There are some people who misinterpret the crypto market to newcomers, they present the crypto market as a way to get rich quick.

As a result, newbies get busy looking for the next big pump, and as a result they buy coins / tokens of various low marketcaps and face huge losses.

Yes it will be nicer to go for bitcoin, if thinking it is too expensive when buying while 1 btc is not necessary, 1 satoshi can worth something great in the future, newbies should not focus on the whole but the worth, there is nothing the worth necessarily has to do with buy a whole 1 bitcoin because buying just $1000 is still something.

Obviously, the problem with low market cap coins is that it makes newbies think that it's an easy 50x or 100x on their investment, which would be a relatively life changing amount. Most newbies that want to invest, don't want to get 2x or 3x their investment, since that investment is $1000 tops. Anyway, investing in any coin/token that just promises riches without any providing any actual utility is just like gambling.

If bitcoin's too expensive for you and you want a whole of something, you might be good looking at other coins near the top like xmr, eth, ltc (and potentially doge). If it's just about units, most sites let you change them so $40 is 1mbtc instead of 0.001 btc which might look nicer to some.

Buying tiny cap coins or ones that have Eisen a lot like doge are likely going to bring you a greater loss at a better chance than bitcoin will (risk and reward aren't proportional - if they were most people would have the same amount of money).

I have been researching about how someone can lose money if investing on low marketcap coins or tokens, during the bull run I noticed the price of low marketcap coins increased but the huge bear run affected these cryptocurrencies than I expected, I saw a coins/tokens falling from a marketcap of $2 million becoming less than $16000, I just do not want to mention the name of these coins, you can use coinmarketcap or coingecko to check the coin from 2500 upward. There are over 11000 cryptocurrencies but I still do not know how coin number 2567 have a marketcap of $14.20, this means many of the altcoins have zero markercap, definitely most altcoins are worthless, some that have good marketcap of $300000 when bitcoin was at $60000 are now having marketcap of less than $10000, people that lost money during the bear run really lost indeed to low marketcap coins.

From coinmarketcap


Bitcoin is the best, it has highest marketcap, volatile but less volatile than altcoins. It is good for newbies to research about the coins they want to invest before investing, there are some coins that are listed but existing to make someone go broke, this is nothing more than scam, a scam that no one will be faulty, newbies should be wise.

Lastly is the what newbies usually think, I have seen many of them saying that I can not invest on bitcoin because bitcoin is too expensive, is bitcoin expensive? Bitcoin is not expensive, you can buy $10 worth of bitcoin, not necessary to buy 1 bitcoin. But I am always surprised to see newbies saying Bitcoin is too expensive which is the reason they will go for low marketcap coins and lose.