Price of a coin < 1 satoshi, what can happen?

iancortis

full member

Activity: 602

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Quote from: TheWolf666 on October 20, 2018, 09:46:04 AM

Imagine that a coin goes at a price < 1 satoshi, let's say 0.000001 USD for example.

- Does the exchange keep coins that have such a low value?
- Imagine that there is a lot of liquidity (like 800 Billions of this coin) what can be the consequences in the investor mind?

People could buy a lot of them. Or they could think it is crap.

What do you think about this scenario? I cannot find a coin that would be launched at a very very low value for example.

i have noticed that almost ico's and new tokens are billions of supply i already missed those have 21 M's or below supplies, btw about your query i think its a sort of crap thing and be a left behind after sales and hit the 1st and 2nd market. this is only my thought.

Ibeild441

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If the price of a coin falls that much, it would be very difficult to bounce back. Probably it will lose its value and be dead. Investment in that coin will be useless.

Abohadan331

newbie

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If a coin falls below that much, it is very much probable that it is going to be dead soon. It means the coin has lost its value and now its a lost cause. The number, 800 billion, is just an inflation.

Soaveth541

newbie

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The coin that is worth less than 1 satoshi there is a greater probabilty of loosing its value and ultimately loosing it money. So at that point the volume doesn't matter.

Wiceilia220

newbie

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These forms of tokens tends to lose money very easily. Even if it gives some initail returns, it is most likely the token will lose its value fast.

Febo

legendary

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Quote from: TheWolf666 on October 20, 2018, 09:46:04 AM

Imagine that a coin goes at a price < 1 satoshi, let's say 0.000001 USD for example.

- Does the exchange keep coins that have such a low value?
- Imagine that there is a lot of liquidity (like 800 Billions of this coin) what can be the consequences in the investor mind?

People could buy a lot of them. Or they could think it is crap.

What do you think about this scenario? I cannot find a coin that would be launched at a very very low value for example.

Those coins then pumps really well. Bytecon and Verge was like 1 satoshi. And then pump and manipulation started.

arjuna BTC

sr. member

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BabelFish - FISH Token Sale at Sovryn

its depends on the team and their community
if their team serious, i think the price should grow up in the future,,
but if not, maybe the coin will be a dead coin or become shitcoin

ezbreezy08

member

Activity: 168

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Actually the satoshi Value could grow more exponentially. If that 0.00000001 $1 then bitcoin price will be $100,000,000 per btc? Is this really going to happen? Possibly Yes but I think we can Quantillion marketcap. Lol but looks like that will be 100 yrs from now.

TheCrimsonFucker

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The reason to justify a project with a price below 8 houses is its supply, and even then, it must be a new project with few people involved or too much inflation.

dablatair

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Hello,

This kind of coin could easily stay like dead coin if there is no more development or interest of it. With time exchange will surely delist them.

For a few ones some buy them because they expected a fast x... due to the low price but it os really dangerous to invest because of the uncertain future.

DeltaX

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Quote from: TheWolf666 on October 20, 2018, 09:50:56 AM

Quote from: Perkovic on October 20, 2018, 09:48:54 AM

I remember Pac coin and when he was worth 1 satoshi everyone wanted to buy him because if he grows up, this would increase his investment in x2. then hardfork happened and the inventory lost a lot of money

It was still listed and traded?

It's still traded right now https://coinmarketcap.com/currencies/paccoin/
This time it's worth 34 satoshi for each paccoin. Does it make sense to see there was a lot of people are loosing a lot of money on this one? They will not until they have been buying their paccoin at peak price.

JSRAW

legendary

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Make no mistake, this kind of coins can rip you off sometimes. i got in one trade "SPRTS " when I was new in crypto thinking exactly the same and end up with a big amount of tokens and guess what? 9 months i guess and still counting to hit 1 sats lol, in the real world that's a deadline for delivering a baby but here it can backfire.

TheWolf666

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But what if the coin is developed, it is just that there are a lot of coin printed like hundred Billions so that's why the value of 1 coin is low.

Quote from: judeafante on October 20, 2018, 10:03:51 AM

Quote from: TheWolf666 on October 20, 2018, 09:46:04 AM

Imagine that a coin goes at a price < 1 satoshi, let's say 0.000001 USD for example.

- Does the exchange keep coins that have such a low value?
- Imagine that there is a lot of liquidity (like 800 Billions of this coin) what can be the consequences in the investor mind?

People could buy a lot of them. Or they could think it is crap.

What do you think about this scenario? I cannot find a coin that would be launched at a very very low value for example.

If the coin goes down to that level then the coin has to turn into a shitcoin and if there are no development, then then it's a dead coin or the devs have left the development of the coin so you end up with a useless coin in your wallet, so it's better to always keep a watch for a coin that will drop to 1 satoshi it's a sure sign.

mahilchii

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Activity: 560

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Quote from: mistersehmuz on October 20, 2018, 09:59:58 AM

I think we should not invest such tokens. If you aim to get some profit in the short term you may invest in those tokens. But after a few months or years, these tokens will all disappear.

Yes these stuff causes some serious problems in cryptocurrency. They will start like they are rocking and the marketing will be a loud sound and finally they will disappear. This is the reason investors lose trust.

judeafante

sr. member

Activity: 2254

Merit: 258

Quote from: TheWolf666 on October 20, 2018, 09:46:04 AM

Imagine that a coin goes at a price < 1 satoshi, let's say 0.000001 USD for example.

- Does the exchange keep coins that have such a low value?
- Imagine that there is a lot of liquidity (like 800 Billions of this coin) what can be the consequences in the investor mind?

People could buy a lot of them. Or they could think it is crap.

What do you think about this scenario? I cannot find a coin that would be launched at a very very low value for example.

If the coin goes down to that level then the coin has to turn into a shitcoin and if there are no development, then then it's a dead coin or the devs have left the development of the coin so you end up with a useless coin in your wallet, so it's better to always keep a watch for a coin that will drop to 1 satoshi it's a sure sign.

batang_bitcoin

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Eloncoin.org - Mars, here we come!

Quote from: Perkovic on October 20, 2018, 09:48:54 AM

I remember Pac coin and when he was worth 1 satoshi everyone wanted to buy him because if he grows up, this would increase his investment in x2. then hardfork happened and the inventory lost a lot of money

I remember that before their redemption I bought a lot of Pac coins and I thought it will double my investment.

But this is one of my saddest investment, after investing to it, I lost almost all my money there.

Got a lot Pac's and after the redemption, only hundreds were left and its value is even lower now.

mistersehmuz

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I think we should not invest such tokens. If you aim to get some profit in the short term you may invest in those tokens. But after a few months or years, these tokens will all disappear.

Grifosha

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Revolutionising Marketing and Loyalty

Quote from: TheWolf666 on October 20, 2018, 09:46:04 AM

Imagine that a coin goes at a price < 1 satoshi, let's say 0.000001 USD for example.

- Does the exchange keep coins that have such a low value?
- Imagine that there is a lot of liquidity (like 800 Billions of this coin) what can be the consequences in the investor mind?

People could buy a lot of them. Or they could think it is crap.

What do you think about this scenario? I cannot find a coin that would be launched at a very very low value for example.

There are some coins that cost only a few DOGE. See exchanges with lots of currency pairs. For example the exchange YOBIT, on it you can find coins at a price of 0.0001 DOGE. Cheap coins have a higher likelihood of sharp growth.

TheWolf666

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CEO of Metaisland.gg and W.O.K Corp

Quote from: Perkovic on October 20, 2018, 09:48:54 AM

I remember Pac coin and when he was worth 1 satoshi everyone wanted to buy him because if he grows up, this would increase his investment in x2. then hardfork happened and the inventory lost a lot of money

It was still listed and traded?

Perkovic

jr. member

Activity: 154

Merit: 1

I remember Pac coin and when he was worth 1 satoshi everyone wanted to buy him because if he grows up, this would increase his investment in x2. then hardfork happened and the inventory lost a lot of money

Topic: Price of a coin < 1 satoshi, what can happen? (Read 178 times)