Low market cap coins are really scary because there are always not pridictable, but as newbie I thought bitcoin is too expensive, but after series of i formation and more knowledge from this forum, I get to know thet small amount of money can be used to purchase bitcoin, so low market cap coins always looks easy to trade but also very easy to make someone loose money in a very short period of time, on the other hand it can also make someone to earn money on time.
Exactly my point, we know it applies to coins in such a way low cap coins are most volatile, they can increase than expected and drop than expected. Someone can invest money and lose all in just one day, this do occur when the person thinks the market will continue to grow after bull run for several days, the person will buy the low cap coins, expecting the price to increase but the bear run starts which will drain all the money or almost all the money invested. Some low cap coins are also manipulated by people that created the coin, they will sell their holding after some people buy the coin which will result to price dump. 
Topic: Be careful of low marketcap coins (Read 497 times)
Low market cap coins are really scary because there are always not pridictable, but as newbie I thought bitcoin is too expensive, but after series of i formation and more knowledge from this forum, I get to know thet small amount of money can be used to purchase bitcoin, so low market cap coins always looks easy to trade but also very easy to make someone loose money in a very short period of time, on the other hand it can also make someone to earn money on time.
Totally agree, coinmarketcap will help to find important information for proper coin choice for trading and investment, I had experience checking one of the coins which decreased in volume above %50, so I decided to sell before the price was dumped in the market.
That is what such site are for, if you want to know information about a certain coin, just go and check about this on coinmarketcap, if I do not see the coin on coinmarketcap, I will not buy it. If I see the coin on coinmarketcap, I will still check the exchanges it is trading, I like to go for the ones with high trading volume, the trading volume is listed also along. But I have now prefer to just go for high marketcap coins, if a coin is not among the first 100 cryptocurrencies, I do not deal with the coin.
Low market cap coin has no future in long term as most of the big analyst says only the cryptocurrency which have highest rank on coinmarketcap can have bright future. so that's the reason why old players in the market never believe on low cap altcoins but they believe on big cryptocurrency like bitcoin Ethereum litecoin etc.
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Well to be specific, you can use CMC for finding out where does a certain coin get traded. I am gonna admit that first time I was dumbfounded on how many coins offer opportunity for me to buy at back in the days, but I don't know where to buy them as well. The live chart gave me convenience, but somehow it was kind of slow in my phone.
This is true, whenever you are looking for a coin to invest always check the marketcap, if that coin is already old and it only has so little amount of marketcap, you should avoid it, that would not be profitable, always check also the volume, this is also important, the volume should high as well, it shows that the coin is active and a lot of investors are into it.
Totally agree, coinmarketcap will help to find important information for proper coin choice for trading and investment, I had experience checking one of the coins which decreased in volume above %50, so I decided to sell before the price was dumped in the market.This coin tracking tool such as coinmarketcap and coingecko is a very good tool to acquire infor about the project because it was listed there but you can use some tracking app dedicated to track those new and hot project in the market so that you can assure that there will price demand in the future. Here are some tracking tools that might help you:
Token with Upcoming event - https://coinmarketcal.com/en/
Gaming NFT with P2E - https://playtoearn.net/blockchaingames
Dapps - https://dappradar.com/
News Aggregator - https://cryptopanic.com/
This is the basic way to search those coins since if we found out something strange that well provably we will be save from being a victim of those low cap coins and also maybe also check the certain activity happening since this is one of the indicator that we are going into the bad project or a good one. But maybe for security its better to avoid and stay to the top alts since they are far better than any old but not having a good volume or new coins.
We must regularly review the volume on coinmarketcap because the movement of new coins is very extreme and not easy to predict, I also strongly agree for high capitalization it is better to have an alt up because price movements are more stable and not rugpull like new shitcoins that have been scattered. 
This is true, whenever you are looking for a coin to invest always check the marketcap, if that coin is already old and it only has so little amount of marketcap, you should avoid it, that would not be profitable, always check also the volume, this is also important, the volume should high as well, it shows that the coin is active and a lot of investors are into it.
Totally agree, coinmarketcap will help to find important information for proper coin choice for trading and investment, I had experience checking one of the coins which decreased in volume above %50, so I decided to sell before the price was dumped in the market.This is the basic way to search those coins since if we found out something strange that well provably we will be save from being a victim of those low cap coins and also maybe also check the certain activity happening since this is one of the indicator that we are going into the bad project or a good one. But maybe for security its better to avoid and stay to the top alts since they are far better than any old but not having a good volume or new coins.
This is true, whenever you are looking for a coin to invest always check the marketcap, if that coin is already old and it only has so little amount of marketcap, you should avoid it, that would not be profitable, always check also the volume, this is also important, the volume should high as well, it shows that the coin is active and a lot of investors are into it.
Totally agree, coinmarketcap will help to find important information for proper coin choice for trading and investment, I had experience checking one of the coins which decreased in volume above %50, so I decided to sell before the price was dumped in the market. But again there are some other altcoins such as Hex coin which did 40x of its price recently most other altcoin simply follows the bitcoin trend.
Recently! When? The last bull run I noticed was during bitcoin increased to $60000, many altcoins increased very well, doge even increased over 300x during the time, while Ravin increased 100x, many coins like Neo, Ethereum Classic and Link all increased over 10x. But these are still high markercap coins, they are not part of the low marketcap ones I am talking about. I can say low marketcap coins starts from 1000 up out of the 11000 cryptocurrencies that are existing.
The altcoin market is the most volatile in the entire cryptocurrency market. Most of the prices of the altcoins dropped significantly, leaving investors losing huge money. But again there are some other altcoins such as Hex coin which did 40x of its price recently most other altcoin simply follows the bitcoin trend.
You cannot talk about coins by capitalization, you need to learn how to invest correctly. You should not buy altcoins, which are written about in articles with grabbing: "The price of these altcoins will definitely rise this year", "Top altcoins of the month".
Yuitcoin may be the safest asset to invest in, but not the best in terms of profitability.
The price of the coins has really risen, I saw many on coinmarketcap how they have rising very well, some rose more than 700% or more, but when bitcoin dropped from $64000 to $30000, the coins have dropped more, like a coin I saw at $7 was dropped to $0.9 until it recently increased to $2.9, but some of these coins are not showing good sign of increasing like before. Some people would have sold during the decrease, some coins just left to be useless after the decrease. Yuitcoin may be the safest asset to invest in, but not the best in terms of profitability.
These so called altcoins and defi tokens have distrupted the whole crypto market and in hype people are investing without any prior investigation into the project which is why lost their funds.This $600 million poly network hack is result of the same thing as there was leak in the project security which caused the people funds to be vanissed and now they can't do anything.So it's safe to invest in bitcoin because the network is secured along with your funds so decision is yours.
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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.
You cannot talk about coins by capitalization, you need to learn how to invest correctly. You should not buy altcoins, which are written about in articles with grabbing: "The price of these altcoins will definitely rise this year", "Top altcoins of the month".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.
Yuitcoin may be the safest asset to invest in, but not the best in terms of profitability.
The main difference between a low marketcap coin and a high marketcap coin is that the former didn't have a good pumping team while the later did. Otherwise they both are created for the same pump and dump scheme and are only good for short term trading if you can handle the pump and dump's unpredictability to make some profit. In fact the low cap coins get bigger and faster pumps compared to big cap coins.
In other words as long as you don't "invest" in them you could be fine.
In other words as long as you don't "invest" in them you could be fine.
Its easy to pump a low marketcap coin and small whale group can easily pump the coin. But this usually happen in the bull season. AS soon as the bear market start, these low marketcap coins become close to zero and many people lose their investment if they had bought them at higher prices.
There are so many newbie investors will get hype when someone told that the low cap coins they bought will possibly pump up the same with bitcoin that's why we csn see several people trying to buy and hodl those coins, but guess what happen on some investor instead they win losing money is what they gain for waiting their bought coins they buy so its really better to stick with the coins which been around for long years since they are the one will stay for mode longer years.
The main difference between a low marketcap coin and a high marketcap coin is that the former didn't have a good pumping team while the later did. Otherwise they both are created for the same pump and dump scheme and are only good for short term trading if you can handle the pump and dump's unpredictability to make some profit. In fact the low cap coins get bigger and faster pumps compared to big cap coins.
In other words as long as you don't "invest" in them you could be fine.
In other words as long as you don't "invest" in them you could be fine.
Its easy to pump a low marketcap coin and small whale group can easily pump the coin. But this usually happen in the bull season. AS soon as the bear market start, these low marketcap coins become close to zero and many people lose their investment if they had bought them at higher prices.
Hmm.. Sometimes you won't blame those who invest in these low marketcap coins, because many who lost the opportunity of investing in Bitcoin when it's price was low below a dollar sees those coins as a second opportunity to turn millionaires in the near future when it gets value, which sometimes leads them in tears.. So thats the reason.
Nobody is blaming them, this is just a warning how the low marketcap coins can be very dangerous, which can lead to someone that invested in them to lose high amount of money, we do not have to blame them than to encourage them to invest most of their funds on bitcoin. There is still much opportunities in bitcoin, investing in it will still bring some profit. But there are still many greedy people that like low marketcap coin, there are still newbies that like low marketcap coin, these people still lose, I hope those that read this will be able to know how low marketcap coins can be very dangerous. 
Hmm.. Sometimes you won't blame those who invest in these low marketcap coins, because many who lost the opportunity of investing in Bitcoin when it's price was low below a dollar sees those coins as a second opportunity to turn millionaires in the near future when it gets value, which sometimes leads them in tears.. So thats the reason.
We have so many coins which in market now. As said, all coins do not meet up the market-cap. It depends on the project and demand the volume goes up and down. Always choose the best coins which have good trading volume / market-cap. I would say, choose the coins that are below $1 and have more trading volume. Get into best exchanges. Keep 2FA Activated.
Choosing a coin that is below $1 is good but the problem is that when will it come up for market, because some altcoins can stay in same value till three to two (3-2) years interval without further development or increment in value, so if the coin eventually give off, automatically the money used for the investment has become waste, I don't really believe on altcoins because i don't have much trust on them, i really prefer bitcoin irrespective of the marketcap or regulations because it's obvious and hope that it can go up anytime and any hour and as well fall anytime too, so in summary it's better to invest in bitcoin than altcoin, despite that altcoins can make you to recover a lost within short time.Many assest that they can earn better on altcoin with low cap since they can buy more volume than buying bitcoin itself, but what they didn't know is the huge risk since we don't know how things will end up with those coins and we don't know if they will continue their project as we know they still need fundings to run but they cannot get it since there coins made is not gaining investor so far. So for this maybe this option is not good with investors who only have small capital and much better to buy those top alts which is more better to us.
When I came into contact with cryptocurrencies, someone told me not to touch those altcoins. You would become the person who carried the sedan chair.
Even after quite a lot of pump and dump experiences, exit scams, shitcoins and the rest, investors still time and again fall for the possibility of altcoins to make them rich, the thing is users who choose many altcoins and randomly invest in them are just basically looking to "get rich quick" through crypto, some of them hardly even do the tiniest bit of research on what they are putting their funds into, they just go in like it's a "lottery" and hope it can produce ROI in some time. Having said that I wouldn't even tell users to chose from coins within a certain amount or from the top or bottom of cmc, if you're a long term investor, then what you need is a coin that's sustainable for the long period, and it's Bitcoin, if you want to invest only shortly, then you can look in the direction of some of these altcoins and hope your money doesn't 'go away'. 
We have so many coins which in market now. As said, all coins do not meet up the market-cap. It depends on the project and demand the volume goes up and down. Always choose the best coins which have good trading volume / market-cap. I would say, choose the coins that are below $1 and have more trading volume. Get into best exchanges. Keep 2FA Activated.
Choosing a coin that is below $1 is good but the problem is that when will it come up for market, because some altcoins can stay in same value till three to two (3-2) years interval without further development or increment in value, so if the coin eventually give off, automatically the money used for the investment has become waste, I don't really believe on altcoins because i don't have much trust on them, i really prefer bitcoin irrespective of the marketcap or regulations because it's obvious and hope that it can go up anytime and any hour and as well fall anytime too, so in summary it's better to invest in bitcoin than altcoin, despite that altcoins can make you to recover a lost within short time. 
We have so many coins which in market now. As said, all coins do not meet up the market-cap. It depends on the project and demand the volume goes up and down. Always choose the best coins which have good trading volume / market-cap. I would say, choose the coins that are below $1 and have more trading volume. Get into best exchanges. Keep 2FA Activated.
It's quite obvious that low marketcap coins are too risky. Many coins are getting created every week and trying to rise in price but end up getting dumped soon.
Most of the times these low marketcap coins are just created by rookie developers with low initial capital.
They think the coin will pump and they will make money but they don't understand that only when the coin will have enough liquidity then people will think to invest in it.
Some even create new projects just to scam users. So this is why it's in our best choice to invest in potential currencies from top 20 coins.
Most of the times these low marketcap coins are just created by rookie developers with low initial capital.
They think the coin will pump and they will make money but they don't understand that only when the coin will have enough liquidity then people will think to invest in it.
Some even create new projects just to scam users. So this is why it's in our best choice to invest in potential currencies from top 20 coins.
When I came into contact with cryptocurrencies, someone told me not to touch those altcoins. You would become the person who carried the sedan chair.
The era of altcoins ascending to heaven in 17 years, no matter how trash can rise tenfold, is impossible to come back.
The era of altcoins ascending to heaven in 17 years, no matter how trash can rise tenfold, is impossible to come back.
That's how I lost my funds between 2017-2018. Those coins I had chosen that volume has dropped significantly and lost everything. During choosing a coin for hold or trade we must need to know the overall market cap of that coin. Otherwise, funds will go like me. Usually, newbies don't know even about the market cap and how it works. It's because of lack of knowledge and eventually become a loser in the trading or holding. So, first, we should research as much as possible especially about overall volume in the market cap.
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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.
These are the negative effect of low cap coins, a single market manipulation could lead to the doom of the coins but there is still some good low cap coin and it requires a deep search about the project usage level, utility, the team involved knowledge and passion for the project success.There are over 11000 cryptocurrencies but I still do not know how coin number 2567 have a marketcap of $14.20,
This is the sad story about coinmarketcap services these days because the coin with the little or not cap don't have any trading volume why Coinmaketcap still shows trading activities for the coins which means CZ and the team behind coinmarketcap are not doing their job well. However, the coins that fall into this category seem to be erc20 tokens and I believe what we're seeing is the impact of the ETH network transaction fee. 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.
I also often meet friends who say this when I suggest that they buy Bitcoin instead of altcoins.
They would rather buy a bunch of altcoins for a dollar than for a little bitcoin.
The smallest unit of bitcoin is 1 satoshi, and one hundred millionth of a bitcoin is equal to one satoshi. If you look at the future price at the price of one bit, it will definitely not be high. The main thing is that this thing is too rare. You have to look at it in a smaller unit, so that the future bitcoin price will be amazing.
Seeing this, if you still think Bitcoin is expensive, then Buffett’s company, Berkshire Hathaway, has a price of nearly $300,000 per share.
The main difference between a low marketcap coin and a high marketcap coin is that the former didn't have a good pumping team while the later did. Otherwise they both are created for the same pump and dump scheme and are only good for short term trading if you can handle the pump and dump's unpredictability to make some profit. In fact the low cap coins get bigger and faster pumps compared to big cap coins.
In other words as long as you don't "invest" in them you could be fine.
In other words as long as you don't "invest" in them you could be fine.
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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.
The saying 'Alts were only created to steal your bitcoin' is becoming clearer and clearer. No matter how an alt increase in price, over time it'll lose value when compared to Bitcoin. I understand this first hand this year as I invested over 0.5 BTC in altcoin that if I was just to hold that Bitcoin I would had been better off then where I'm currently am. When looking at the dollar value of my investment, I did increase my initial capital but adding both the capital and profit combined still didn't reach my initial Bitcoin I had.
Alts be it high market capitalization or low market capitalization, aren't the best bet against the financial system, Bitcoin always is. Don't get carried by all the hype surrounding them. If you're picking interested in them just do it as a part of having fun with the market while you concentrate on accumulating Bitcoin. We'll always have as much altcoins as possible, that you missed cashing out on this particular trends, that doesn't mean you won't be able to short term profit from future ones.
Don't rush into following the crowd by buying worthless shit be it low or high market coins, they'll all end up the same. They'll all lose value in Satoshi, lets consider Ethereum as an example, irrespective of all the gains Ethereum has secured in the market, it's constantly losing value in Satoshi talk more if low market capitalization coins. Although they're they give the best ROI, still it's risky replacing your Bitcoin with them.
Yes, we have to be very careful about low market value tokens.
But sometimes this can become an attractive means: our tokens have great potential, and the current market value is very low. If you buy our tokens, there will be a big increase in the near future.
But sometimes this can become an attractive means: our tokens have great potential, and the current market value is very low. If you buy our tokens, there will be a big increase in the near future.
Bitcoin is not expensive, you can buy $10 worth of bitcoin, not necessary to buy 1 bitcoin.
If you ever try to buy $10 worth BTC you will end up with zero, not that the case would be different with shitcoins but example is wrong.
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.
This is a pretty risky advice. I started by journey with altcoins exactly because I thought that Bitcoin is expensive. It was a mistake.
Although altcoins do have good moments now and then, they are less predictable than bitcoin. Even the big, established ones.
So my advice(*) is to buy bitcoin, even if it's 0.001 and afterwards, if you really want to, buy some alts too, just like you'd buy lottery tickets. Some may bring (sooner or later) jackpot, but most won't.
(*) For everybody, I said "my advice is to buy" and this needs clearing up: don't take my advice just like that, it's not a financial advice. Invest your money as you think it's better, don't just follow what random people say on the internet.
Many low market coins are scam but some are rather just an upcoming projects, majority of this projects will start the early cycle of their life too slow and unattractive but as time goes on things will drastically change
I don't know what you mean when you say that they will "drastically change"?
If someone earns a lot from them, then only if the development is excellent, the marketing is professional, and the idea is innovative and original. However, if something goes wrong, such a project may end up like hundreds or thousands of others, i.e. it will be forgotten and our money will be lost.
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.
If they want to buy huge quantity then its expensive since the price is too high now. Actually it doesnt mattrr anyway. A fraction of bitcoin means you are sharing from its 21million limited supply which was decreased already due to loss accounts and forgotten keys.The good thing here is bitcoin is the most influential coin and historically the best one out there. But we cant deny that low marketcap coins are more multiplier type than bitcoin. I myself flipping some of these lowcap coins and thats totally fine for me as lonh the project is good.
maybe thoose are shitcoin from bsc network, yesterday when safemoon and babydoge hype, but i usually buy new coin that have partnered with big project and offcourse with little research
Bitcoin is not expensive, you can buy $10 worth of bitcoin, not necessary to buy 1 bitcoin.
If you ever try to buy $10 worth BTC you will end up with zero, not that the case would be different with shitcoins but example is wrong.
You better buy Bitcoin and aim for the long term. I don't disagree that Bitcoin is becoming expensive. That is true. However, despite that, at least we could still expect a lot of growth from it even with its rising price. Whereas, with an unpopular and low market cap altcoin, the possibility that it grows double or triple is dwarfed by the possibility that it would just die without proving anything. There's no need to provide proofs for this. It is a pattern already with shitcoins.
It's obvious that the low market cap coins were most likely they are easy to manipulate just like pump and dump which means they are prone to this service, they are very risky to invest because it could create hype in just a matter of an hour if they like to pump this coin.
Having short research will save your money for possible losses, altcoins could potentially be a good investment but it's rare as of now and it's also good for the short term not in a long term.
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.
It's well said, even Bitcoin can be manipulated even if this is one of the highest market cap. How much more are those altcoins that have a low market cap.Having short research will save your money for possible losses, altcoins could potentially be a good investment but it's rare as of now and it's also good for the short term not in a long term.
Low market cap coins are high risk high gain assets. This area is either for seasoned traders with expendable coins to throw around, or for gambling addicts that can't control their temptations. There are actually a lot of good ones which deserve to be a lot higher but this is for the OGs and smart traders. Newbies should stay clear and stick to the top 50 coins in coingecko. The last thing you want is to see your portfolio drop 90% due to a rug pull or hack attack
Not only newbies but also experienced ones are into these low market cap coins. Eventually, if there's a common guy that hypes these low cap coins, everyone is going to rush purchasing it and leaving themselves behind as those early buyers will take the profits and leaving them with no more hope. That is why some who have made profit on those keeps going with it because they know when to enter and exit but just as the usual, nothing beats investing to bitcoin.
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.
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.
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.
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.
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.
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.
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).
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.
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.
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