Most expensive cryptocurrencies on the market?

IMZ Noo Account

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Quote from: Perfect35 on April 03, 2019, 05:43:26 AM

Quote from: reactorjuno on January 01, 2019, 08:21:42 AM

Hi folks,
this seems like a trivial thread but I was reading this today > https://steemit.com/cryptocurrency/@thecrytotrader/5-cryptocurrencies-which-are-more-expensive-then-bitcoin
this was published one year ago.
For example, the coin named 42-coin is by far the most expensive (at the time of the article it was above $50,000, right now it is still well above $15,000 per coin).

I know market capitalization matters much more than the actual price, but just curious, do you ever consider the actual price of the coin before buying? I mean what motivates people to buy these very expensive coins?

Any constructive opinion welcome.

I do not think people are motivated to buy it, because i tried to check the 24 hours volume and i discovered how low it is.A coin might be expensive, but that does not mean it is a good coin to buy. Always do proper research before deciding to buy a coin.

Hey, Perfect. Thinking about the price of one coin is IMHO an error.

I've been interested in rare cryptos for a long time. Here are some thoughts: low volume is always a problem. So, bear that in mind.

The 'bottom line' is:

many coins are inflationary. And that is a downwards pressure on price. And all coins have accidental losses. And these help 'balance the numbers' where interest provides for increases in the total number of units.

And: the 'real' number of units in a currency is the number of 'whole coins' times the number of units in each coin. (And the tx fee can never be less than one of those units).

Here's the genius of 42-coin: it's deflationary: some tx fees are destroyed during transactions. And in the first place, there were only 42 times 100,000,000 units (standard 'sats' = 0.00000001)

So, any lost units are . . . lost. And meanwhile, the total number of units is being slowly whittled away. And in a world in which quantitative easing is creating phunnee munnee at stupendous rates, I find the notion of a hard-core deflationary 'instrument' a very interesting thing.

Note: check 42 on Livecoin. The amounts traded are tiny. No one is likely to ever put a whole coin on the market.

Zuxe

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I think BTC is the most expensive digital currency so far, and at the same way very profitable for long-term hold. I'm currently planning on getting it into my portfolio no matter how expensive it is.

darewaller

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Quote from: fasdorcas on April 03, 2019, 01:57:27 AM

We have so many coin in the market that are very much expensive and I don't see any reason why people actually make purchase of this coin.

Because, most of this coin don't have a real life value to the crypto community and I can be very sure that they might not be an increase in the price of that coin anymore since it has gotten to the pick it can get, maybe there is a ways they make profit from this coins, or this coins are owned by whales in the crypto space who has a lot of money and don't know what to do with it.

I think right now, the most expensive of some of these coins that are well known is Bitcoin is we are to base it on coinmarket record, I have really not head of such coin OP mentioned that is that expensive but I can be sure that most of those coins are strictly utility coin and you would not experience any fluctuation that will make it valid for investment, they can only be used as store value and for payment because they will tend to stabilize on that.

Let us watch out for BTC, the moment BTC reaches its all-time high and there are no longer much manipulations in the market, BTC will also retain a very high value for a very long time. Like this trivia, bitcoin will be more reliable for those who want to use it for payment and store of value.

Perfect35

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Quote from: reactorjuno on January 01, 2019, 08:21:42 AM

Hi folks,
this seems like a trivial thread but I was reading this today > https://steemit.com/cryptocurrency/@thecrytotrader/5-cryptocurrencies-which-are-more-expensive-then-bitcoin
this was published one year ago.
For example, the coin named 42-coin is by far the most expensive (at the time of the article it was above $50,000, right now it is still well above $15,000 per coin).

I know market capitalization matters much more than the actual price, but just curious, do you ever consider the actual price of the coin before buying? I mean what motivates people to buy these very expensive coins?

Any constructive opinion welcome.

I do not think people are motivated to buy it, because i tried to check the 24 hours volume and i discovered how low it is.A coin might be expensive, but that does not mean it is a good coin to buy. Always do proper research before deciding to buy a coin.

NightMar_1St

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BTC is still the most expensive currency. It is difficult for any electronic currency to replace BTC's position.

tanvir232

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The most expensive cryptocurrency is bitcoin in the market.last few years, cryptocurrency with its heightened privacy features and decentralised nature has definitely caught the world’s attention.

Novatech8

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My question is if I buy most expensive coins or token to hodl will they bring better profits than the cheaper ones ? Of cos not so it doesn't even matter ,what we investors want is the return of bullrun

Herbert2020

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"cheap" and "expensive" are comparative characteristics for an asset. you can't call a large number "expensive" and a small one "cheap". being expensive means the coin is worth more than it should. for example an altcoin can be worth $2 and be considered expensive because its true value is $0.01 or vice versa.

Quote from: reactorjuno on January 01, 2019, 08:21:42 AM

Hi folks,
I know market capitalization matters much more than the actual price, but just curious, do you ever consider the actual price of the coin before buying? I mean what motivates people to buy these very expensive coins?

this is completely false. market capitalization means absolutely nothing.
the only time MC is important is when you are speculating based on how many newbies think a useless altcoin that is getting pumped is worth. newbies look at MC and think if it has a high MC it should be a good coin. but they also look at MC and think if it reaches X then it is impossible to go beyond it because X is a big number.

what you should look at is the price itself. not the value but where it is. is it undervalued or overvalued? if it is the former then buy if it is the later then sell. simple as that.

Bitbtc8

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Either expensive or not what really matters is market cap ,the coins or tokens that are expensive means nothing to investors when investing ,the call is for investors only and many investors this days prefer to buy cheaper coins and tokens hoping to get 10x profits some day ,I still prefer to buy bitcoin for long term even has expensive as it is now

shiming

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At present, the most expensive one I want to say is bitcoin, the market value is the first. It is also widely used. If it exceeds Bitcoin in unit price, it is because the quantity is very rare and is not considered.

fasdorcas

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Quote from: reactorjuno on January 01, 2019, 08:21:42 AM

Hi folks,
this seems like a trivial thread but I was reading this today > https://steemit.com/cryptocurrency/@thecrytotrader/5-cryptocurrencies-which-are-more-expensive-then-bitcoin
this was published one year ago.
For example, the coin named 42-coin is by far the most expensive (at the time of the article it was above $50,000, right now it is still well above $15,000 per coin).

I know market capitalization matters much more than the actual price, but just curious, do you ever consider the actual price of the coin before buying? I mean what motivates people to buy these very expensive coins?

Any constructive opinion welcome.

We have so many coin in the market that are very much expensive and I don't see any reason why people actually make purchase of this coin.

Because, most of this coin don't have a real life value to the crypto community and I can be very sure that they might not be an increase in the price of that coin anymore since it has gotten to the pick it can get, maybe there is a ways they make profit from this coins, or this coins are owned by whales in the crypto space who has a lot of money and don't know what to do with it.

klaaas

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Where there is not much spread in the owners of a coin and they are not willing or cant sell the value can be tremendous on the initial price.
It is one of the ways a coin could have a high value on paper.

IVEXO

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Quote from: reactorjuno on January 01, 2019, 08:21:42 AM

Hi folks,
this seems like a trivial thread but I was reading this today > https://steemit.com/cryptocurrency/@thecrytotrader/5-cryptocurrencies-which-are-more-expensive-then-bitcoin
this was published one year ago.
For example, the coin named 42-coin is by far the most expensive (at the time of the article it was above $50,000, right now it is still well above $15,000 per coin).

I know market capitalization matters much more than the actual price, but just curious, do you ever consider the actual price of the coin before buying? I mean what motivates people to buy these very expensive coins?

Any constructive opinion welcome.

Maybe because of low capital; but I do not consider the high prices
Coins with high prices are good they can give you 1-2% instant profit on day trading

But when it comes to doing it cheap and smart; projects with good product and of low prices are the best fits; such can do 10x or 1000x

tabas

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Quote from: Adriano2010 on April 01, 2019, 01:59:38 PM

I think most of this expensive coins are so expensive because they are very limited supply, i see coins that have just 1... Coin supply and this can be one of reason for this high price.

They are expensive because they are expensive. Apply the law of supply and demand but every coin that has lesser supply is too expensive.

bigcash2011

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I do not think such coins are legit, if they would have been legit projects then we should have known them and they would have sufficient trading volumes so these kind of coins seems personal sort of coins with supply of only 1 to a few and are usually traded in decimal units but personally i would not go near such coins.

Ifychuks

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Is there actually a coin higher in price than Bitcoin? Am just getting to have a knowledge of this.. Wow, I love this forum. So much to learn here.

mrdeposit

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Quote from: nreal on April 01, 2019, 01:13:00 PM

Look at its daily trading volume, you will see very few people interested in it, although there are times when the price of one currency is up to nearly 150k$

As far as I know, these coins were created by private companies for facilitating their transactions and they are far from the crypto market, so, they are not affected by what is on the market.

Adriano2010

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I think most of this expensive coins are so expensive because they are very limited supply, i see coins that have just 1... Coin supply and this can be one of reason for this high price.

Tungsten-1

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yeah right the price is kicking with mass adoption of the coin which gains high popularity in market, it is new era where many altcoins has become part of the market and I have faith on few of them just like bitcoin, EHT and ripple are best coin at the moment, but I am sure later on in future price of these coins will be highly expensive.

nreal

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Look at its daily trading volume, you will see very few people interested in it, although there are times when the price of one currency is up to nearly 150k$

cupruri

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The only thing that matters is the product behind this coin, but unfortunately the market does not follow such rules. The more hype, trading volume and supporters the project has, the better is the price of their coin.

Kirito-kun

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Quote from: Suguha on April 01, 2019, 08:33:14 AM

Quote from: Kirito-kun on April 01, 2019, 08:21:57 AM

The prices of crypto wouldn't do much good if the coin itself is having difficulty to adapt with the changes in the market. Being popular is what makes people to buy crypto regardless of the prices. Popularity itself when maintained, can keep the coin existing and kicking in the market.

True. Even though BTC prices decreased tremendously, people are still buying and using it. I also don't think it is about the price of the coin, it be about the use of it.

Being the most expensive coin, doesn't always ring a bell for potential investor. Most investors look for the cheap coins that has a great potential to mature. And to mature, popularity of the coin plays an important role. There are a lot of ways to boost popularity like events that can catch people's attention. It is really exciting to participate in those events because the prizes are really cool and worth the time. Just like the investing tournament of Bitrus that has awesome prizes that awaits us.

YuginKadoya

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Well two of the coin is not available in the Coinmarketcap right now there might be something that happens with it well I don't know, And I don't really know that something like this exists but even though these coins had the most expensive price they are not really well know nor popular It will surely need a little exposure, Or these coins are backing up by someone but it appears that bitcoin is still number one and it is still good to invest in cheap coins that can make you a percentage increase when the market progress.

Bangjull

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If I think you have a new coin that I will not sell first because the price will still go down because it is still new if you want to wait until the price goes up and sell, but it takes a lot of time, be patient to get a huge profit when we get his opinion, but must accept the risk of wanting a profit or loss

Suguha

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Quote from: Kirito-kun on April 01, 2019, 08:21:57 AM

The prices of crypto wouldn't do much good if the coin itself is having difficulty to adapt with the changes in the market. Being popular is what makes people to buy crypto regardless of the prices. Popularity itself when maintained, can keep the coin existing and kicking in the market.

True. Even though BTC prices decreased tremendously, people are still buying and using it. I also don't think it is about the price of the coin, it be about the use of it.

Kirito-kun

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The prices of crypto wouldn't do much good if the coin itself is having difficulty to adapt with the changes in the market. Being popular is what makes people to buy crypto regardless of the prices. Popularity itself when maintained, can keep the coin existing and kicking in the market.

a4illusionist

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For me, the most valuable coins are bitcoin and ethereum. Despite their price they are much more valuable, stable and reliable to invest in rather then investing in some unknown coin which has no strong base.

upsidedown75

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First of all "most expensive coin" is never really important to people while they are investing. The smart people look at the market capital just like how they should and amateur ones try to go for the cheap coins because "it can go to 2 satoshi and profit them 100%" while in reality it can divide even more and create more coins which could drop the price even more.

So instead of looking for an answer to " do you care if it is the most expensive coin" which people clearly don't we can look at if people care if the price is little. Now, there is etheruem pairing and it gets more famous people started to even go for cheap coins that are paired with ethereum so they could profit more from cheap coins. However, in reality the only thing that matters is the marketcap and nothing else.

EscrowService28

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Quote from: reactorjuno on January 01, 2019, 08:21:42 AM

Hi folks,
this seems like a trivial thread but I was reading this today > https://steemit.com/cryptocurrency/@thecrytotrader/5-cryptocurrencies-which-are-more-expensive-then-bitcoin
this was published one year ago.
For example, the coin named 42-coin is by far the most expensive (at the time of the article it was above $50,000, right now it is still well above $15,000 per coin).

I know market capitalization matters much more than the actual price, but just curious, do you ever consider the actual price of the coin before buying? I mean what motivates people to buy these very expensive coins?

Any constructive opinion welcome.

There are many reasons why people are motivated to buy these expensive coins. But I guess these traders have developed their own trading strategy regarding buying and selling of these expensive coins. They have conducted researches from the news and few articles because if they buy these coins with no definite research, it will cause them a lot of money.

Many rumors will circulate but about its prices and these might want them to trade these coins with the fear of missing out. They have analyzed well that they dont give in to FOMO and FUD. Also, they keep an evaluative perspective on the data provided on the news if it is validated, or might be a biased news.

An "emotional" trader will have no room for trading of expensive coins. Using their emotions on buying these expensive coins, rather their trading analyses will definitely cause them a lot of money. The bottomline here is that you should be a wise trader,
you need to get all the information you need and arm yourself before starting and diving into the market.

reactorjuno

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Hi folks,
this seems like a trivial thread but I was reading this today > https://steemit.com/cryptocurrency/@thecrytotrader/5-cryptocurrencies-which-are-more-expensive-then-bitcoin
this was published one year ago.
For example, the coin named 42-coin is by far the most expensive (at the time of the article it was above $50,000, right now it is still well above $15,000 per coin).

I know market capitalization matters much more than the actual price, but just curious, do you ever consider the actual price of the coin before buying? I mean what motivates people to buy these very expensive coins?

Any constructive opinion welcome.

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