Topic: Is worth buying coins under $1? - page 37. (Read 3978 times)
It depends if that coin has the potential to grow in the future. Of course you would need to do some research on those coins below $1 of course then you decide if you want to invest that coin or not.
Yes why not this is really worthy to buy coins below 1$ value as everyone remember that tron was under 1$ but peoples have make much money from it, Ethereum was below 1$ when launch but we can witness the price of ethereum where it is, Just remember that we can make huge money from the coins below 1$ value.
Anyone who knows me here knows I don't support shitcoins, as they're mostly cash-grabs by greedy and unimaginative developers--but that doesn't mean you can't make money with them.
Stuff that's dirt cheap, though? It's usually that way for a reason, and the reason is that no one's buying it. You are taking the chance that no one will ever buy it, which is a huge risk. If there's no market for a coin, there's no chance to make a profit. Sounds reasonable, right?
So I'd advise you to stay away from the cheap shitcoins. There's a chance to strike it rich, but only in the way you could win the lottery--a one-in-millions chance.
Stuff that's dirt cheap, though? It's usually that way for a reason, and the reason is that no one's buying it. You are taking the chance that no one will ever buy it, which is a huge risk. If there's no market for a coin, there's no chance to make a profit. Sounds reasonable, right?
So I'd advise you to stay away from the cheap shitcoins. There's a chance to strike it rich, but only in the way you could win the lottery--a one-in-millions chance.
my way of distinguishing a coin that will have potential is to look at the white paper and look at the coin or token sales process, it would be worth it if I buy a coin at a price below $ 1 as it could give a higher chance of increase, especially in the long term.
You cant just look at token price. There is alot more to it, project, team, etc.
You need to look at the overall Market Cap of the coin. This is the price of the coin multiplied by circulating supply.
By just looking at the price of a coin you can't get the real value of the project itself. For example, if a coin has 100 billion circulating supply, having a price of only 50 cents would make it larger than every other project out there. But if a project has 1 million circulating supply with a price of $1 each the project is still extremely tiny, and theoretically has a ton of room to grow. You need to look into the project and see if it's something that you believe can actually grow.
By just looking at the price of a coin you can't get the real value of the project itself. For example, if a coin has 100 billion circulating supply, having a price of only 50 cents would make it larger than every other project out there. But if a project has 1 million circulating supply with a price of $1 each the project is still extremely tiny, and theoretically has a ton of room to grow. You need to look into the project and see if it's something that you believe can actually grow.
Yes, it is worth buy coins under $1. Price doesn’t matter, what matter the most is the project itself. I usually look at the white paper, product, roadmap and development rate to determine whether it is worth buying its coin.
What's your opinion on buying new emerging coins that are not yet on top and cost less than 1 dollar?
How do you decide whether they have potential to grow or not?
The price is not matter to buy the coins,if it does have good potential future usage then it can be worth to buy,who know maybe the price will hit the moon in few years.The potential level of the coin can be evaluated by the usages of that coin,it has fair usage over other coins then it can be the coin to invest and also need to check the development team of that coin. How do you decide whether they have potential to grow or not?
The face value of a coin does not have a direct correlation with it's potential IMO. There are enough shitcoins that are worth more than 1 dollar per coin.
You'd just apply the same criteria as with other coins, look at the people behind the project.
Ask yourself if that particular coin has a reasonable development plan and goals. Try to find out what its potential demand will be. How many people would be using it?
You'd just apply the same criteria as with other coins, look at the people behind the project.
Ask yourself if that particular coin has a reasonable development plan and goals. Try to find out what its potential demand will be. How many people would be using it?
What's your opinion on buying new emerging coins that are not yet on top and cost less than 1 dollar?
How do you decide whether they have potential to grow or not?
we must read the road map and white paper of the project it will help identify the right platform. Mainly we must check the developing team then we should analyse the reputation of this project. So everything is perfectly good in the project it is worth to invest in the platform. How do you decide whether they have potential to grow or not?
if a coin has a high potential it is very feasible and if you have a large capital and buy lots of coins at the price of $ 1 it might be profitable
I believe that if we need cryptocurrencies, that does not mean we need more than 1,000 currencies.
The price of a currency does not matter as much as it offers to society or solves a problem.
Before you start investing, you must have clear answers to the following: Read the code, its advantage, the developer team, the solutions it offers and future vision. Otherwise, it is a useless version of Bitcoin."The success of Bitcoin does not necessarily mean the success of its alt."
The price of a currency does not matter as much as it offers to society or solves a problem.
Before you start investing, you must have clear answers to the following: Read the code, its advantage, the developer team, the solutions it offers and future vision. Otherwise, it is a useless version of Bitcoin."The success of Bitcoin does not necessarily mean the success of its alt."
What's your opinion on buying new emerging coins that are not yet on top and cost less than 1 dollar?
How do you decide whether they have potential to grow or not?
How do you decide whether they have potential to grow or not?
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