Topic: Question about cheap coins under 1$ need to ask how to make profit (Read 196 times)

It is very hard to see a coin with a price of $0.00003 hit $1. I don’t think it’s even possible in the crypto industry nowadays because there are millions of projects in the cryptocurrency space. With that in mind, I don't think investors will concentrate enough to invest heavily in just one project.

If it is possible for a coin with four zeros to hit $1, it will only be one or two projects out of thousands with many zeros. Back then, projects with many zeros did hit $1, but recently, I have not come across any.

What is important is that if someone wants to invest in a coin, they should focus on coins backed by good developers, not just those with many zeros. Otherwise, they risk ending up in scam projects.Yes, it true that some people are making thousands of dollars from meme coin projects, but I feel those people are often part of the project team. It’s very risky to invest in meme coins

Honestly, you shouldn't really feel that much bad about it because there are way too many people who did the same thing as well. I understand the feeling and why that feels like that to you but in the end we are talking about a situation where we can see what goes wrong and that's the most important fact.

I get that it may feel like you are in a situation where things may not look awesome for you, but in the end if you could make something change and invest properly now, instead of making mistakes like that time, this would mean that you have grown. That's the most important thing, learning from your mistakes and growing as an investor, if you do that then you are going to keep getting better and make more profit.

This was the route I followed and end up with a huge bag if shitcoins that I regret ever having. I will not advice any newbies to pay attention to posts like this because the price of any coin does not matter, a good coin will give profits while a bad coin will give pains in the form of losses. I have chosen to remain mainly with Bitcoin which I know is not going to die and leave me with nothing,  it is better for me to build my money over time than to rush and enter into problems chasing huge profits.

Memes are a rollercoaster without the brakes.
Either the community apes the token or topples it into the abyss from which it's never heard about again.
OP, stay safe.

As others have pointed out market cap is typically more important than actual price per unit/coin.

Volume of trade also seems to have an effect, because the smaller the total volume of trade happening day to day the less likely a given trading-pair is to attract the attention of large players.

Thus if part of your motivation or intention of using the term "cheap" is that you do not have a large "volume" of capital to play with, it might be worth your while playing in low volume trading-pairs.

In essence, low volume pairs seem much more likely to be much more "inefficient" markets, presumably partly because professional "arbitrageurs" seem to consider them to be "beneath their notice".

That means a small player willing to make small absolute amounts of profit per trade by trading at small scales can find lots of small scale "arbitrage" opportunities that richer folk might even consider to be too much work for too-small lump sums of profit per trade.

Compare for example BTC/IXC on FreiExchange to XLM/IXC on Stellar; not only does the relative volatity of BTC versus XLM change things as it changes but also underlying that variance there is a fundamental inefficiency that seems maybe to mostly derive from the users of IXC on Stellar being skewed toward actual players of the Galactic Milieu whereas the players of FreiExchange markets seem maybe more skewed toward pure crypto-markets players who maybe don't even have any awareness that the Milieu even exists let along that IXC is part of it.

The thing is, players in the Milieu route through Stellar to cash out their earnings toward whatever fiat currencies they are interested in, whereas people who tend to work with actual IXC coins on IXC's own blockchain maybe prefer to cash out via BiTCoin thus at present by using FreiExchange rather than Stellar to trade them on.

The same thing applies to XLM/I0C on Stellar as compared to BTC/I0C on FreiExchange, where you can probably also notice the correlation of low volume to high inefficiency - as I write this post I0C is even more out of synch price-wise between these two venues than IXC is.

So if you are a small player, you might find a lucrative niche for yourself in doing arbitrage between low volume trading-pairs, which is to say, buying things on venues where they are cheap and selling them on venues where they fetch a sometimes surprisingly higher price.

The larger the volume of trade the more arbitrageurs, and the more professional, fast, and well equipped with opportunity-finding tools, tend to "work" the pair, so as you grow in scale you will likely run into more and more-competetive competition but maybe spreading out over many low volume pairs could be a way worth considering of scaling up rather than moving to larger pairs where competition is more stringent.


-MarkM-

Meme token will be your option because the price is very very low so you can only use small money to have millions amount. But that will not always worth since you need to search what token that can increase so high. Besides that, it is rare to see meme token can increase $1.

But for the other coins, I know that XRP can surge high from $0.5 to $2. Meanwhile, there is many coins below $1 so you can focus to research on that coins. But once again, there is no guarantee for that coins can increase to $1. In this matter, you need to research and not just depend on other people suggestion because they don't know for sure.

Are you a brain dead person who still thinks monero is best investment for the future? Xrp is far better than monero lol or zcash. You better take my advice put money in xrp before giving advice to other 🤣 the price is nearly pumped triple from last year or cry later baby. Such an asshole hopium of monero 😄

The idea of buying cheap coins, waiting for them to hit $1 and then cashing out sounds like an easy strategy but it's not always that simple. Just because a coin is cheap doesn't mean it will increase in price. A lot of factors you have to consider like market trends, demand, or even the projects fundamentals. i've seen some coins sit at low prices for months or even years not really gaining much traction

You mean aside from Monero and BTC? Because these coins are not that bad to be ignored, especially if we are into anonymity or privacy. Yeah, there is no point of having a long list of coins, especially if most of them are just a shit.

He thinks he can make money, then this is the same as expecting a nice result. Investing, much more trading are really like a gamble because they involve risk and their risk can grow if we pick up a new and shitty coin.

Lol. Not sure if who among you is the addict here but it really can be called as a logic. It does make sense, we only need to choose wisely though. There are still cheap coins out there that are not a shit as what others think of.

If it’s just the way you said it, then everyone will have been rich. Since you think It’s not really difficult, it’s just to buy a coin when the price is still very low, and when it gets to $1 and above, then sell. Seriously, it’s not easy the way you think. Don’t be surprised that after buying some coins, it’s going to keep on dropping and might never rise again, or after buying some, it might maintain the price at which you bought it and might not really increase the way you will be expecting, and if you are lucky, it’s going to pump, but it’s difficult to know the one that will pump, so it’s not so easy the way you think.

You hgave to understand some basic math before you invest otherwise you will fail hard.

If a cryptocoin had 1 quadrillion pieces but its price is 0.01$, it still had a market capitalization that is among the likes of Google, Apple etc. Of its price becomes 1$ the capitalization becomes larger than entire stock markets. It's impossible by simple logic.

Now think that if a coin is 0.0000001$ and still has a large market cap, for it Tom become 1$ it would best the world economy   

It can't be like this thankfully hehe

@_act_ already explained the whole situation, there isn't anything about the price at all. However, lately I have started to think, we are saying this so many times now that the price doesn't matter, I started to think, there are some people out there who think that the price matters and that is why I believe that we are getting more and more people buying stuff just because the price of it is low, which means that it might actually matter, for some people at least.

If something is very low, and they think like "if only it goes to 10 cents" without realizing that would make it 10 trillion dollar market cap, that means they are actually buying it, there is really nothing to hide there and might actually be working because of those people.

Did you know that even if the price of a coin is not 1$, you can still earn a lot of money? Because price is not the basis for you to get a big profit in reality. If you remember Doge, Shib, and Pepe, these meme coins are not even 1$ yet but many people have earned a lot of money from them.

Then the other crypto assets that are priced at 1$ and above have not given that high profit to anyone and it still depends on the marketcap,
daily volume and demand that it has in the market.

Except monero and bitcoin, i don't have such dumb long list of those fartcoins in my wallet, or nor in under my pipeline or will buy in any case. If you think you can make money buying such coin which currently trading at digit after four/five zeros then you can go with it but don't except such sweet result at end and also don't be surprised if it ends up being a gamble rather than kinda wiseful investment because it is built only to pull off some money with zero utility in real world from people like you or same kinda mentality who lotta much hopium in.
No, Seems hopium word is more suitable in this case rather writing logic, op.

Op most times it's actually not safe to take Altcoin investment the same way bitcoiners take bitcoin investments because of the negative effects of volatility that often has a high chance of happening. Now the concept of what you are trying to express is simply long term hodling however the problem is majority of the time it's not as favourable as you expect for altcoins.

The distance between $0.00003 and $1 like in your example is way too big like literally to get to where you are expecting you should be looking at roughly 33k × the initial price to get that output. To try taking advantage of coins like this investors make use of volume. That means they buy huge amounts so that minute pump that will occur will pack huge profits too.

I doubt if this method is reliable for making money in cryptocurrency.

Coins you are referring to are shitcoins, most of them don’t have future in cryptocurrency space, but some of them do appear profitable and can give you more profit than expected; however, the risk behind such investment is very high because some of these coins can just seize liquidity and leave you guys with useless number of coins that has no value.

As a newbie, I will advice you to use your money to buy Bitcoin before you learn and study the movement of such projects so that you can benefit from them when you start investing in them.

What causes a coin to pump is when there is more increase in demand than supply which means that when there are more inflows, the price increases but it is unwise to be moving from one coin to the other just because you want to make profits within a short period. It is more like trading to be buying and selling different coins and this practice can lead to severe losses because you may be unfortunate to buy a coin that is pumping and after you buy, the price dumps. If you buy a coin and it's not going higher that means, there is little or no value in that coin and not many people are investing in such coin.

You've been making threads that topics about the economy and I am sure that you do understand how the logic works for the same with the coins that are in that price. And yet, you're being shilled and misled by those folks telling you to buy some of those coins that they like?

I understand that you're doing research here but that doesn't make sense if you can't see the coin you've bought isn't moving up.

Look at its chart, maybe it's already rug pulled and you're too late in the game and they've taken already your cash after you have invested.

There is no guarantee that the new coin can grow in value. Therefore, you should be prepared for the fact that you will lose your money. Nevertheless, some people manage to buy a coin cheaply and earn a good profit, but this is an exception to the rule. Such a token choice is based largely on insider information that you will not be able to get.

It is not logic at all and it will not work for you to make you rich.

You can look at their total supply, circulating supply, market cap than only about price. Price or marketcap does not mean all about that project, because a shit coin with low marketcap can be pumped very big, but it won't maintain its price or market cap at high level for a long time. Because it's only pump and dump, not a sustainable growth with good fundamentals.

Bitcoin vs. Altcoins – projected Marketcap