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, 08:46:04 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

newbie

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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

Activity: 8

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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

Activity: 8

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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

Activity: 2744

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Quote from: TheWolf666 on October 20, 2018, 08:46:04 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

Activity: 994

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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

Merit: 10

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

sr. member

Activity: 617

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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

member

Activity: 324

Merit: 15

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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Activity: 644

Merit: 250

Quote from: TheWolf666 on October 20, 2018, 08:50:56 AM

Quote from: Perkovic on October 20, 2018, 08:48:54 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

Activity: 2184

Merit: 1540

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

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, 09:03:51 AM

Quote from: TheWolf666 on October 20, 2018, 08:46:04 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

member

Activity: 560

Merit: 13

Quote from: mistersehmuz on October 20, 2018, 08:59:58 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, 08:46:04 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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Activity: 3080

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Quote from: Perkovic on October 20, 2018, 08:48:54 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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Activity: 294

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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, 08:46:04 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, 08:48:54 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 241 times)