Topic: Question about cheap coins under 1$ need to ask how to make profit - page 2. (Read 692 times)

It's really so simple and yet everyone has already answered it a million times, this isn't even the first topic like this, we have seen so many like this, we have seen so many people thinking that only if the price reaches 1 dollar type of ideas and yet whenever we explain why that's impossible, we see another person ask it, we can't really reach everyone.

So it is going to be asked again, this isn't the last time we are seeing something like this, we are going to end up seeing stuff like this for a while longer without a doubt. It's fine though, there will always be newbies who do not understand what market capitalization means and why that is important, they are newbies, they have a right to not understanding from the first moments.

Maybe try the "small scale experiment" mentioned at https://peakd.com/galactic-milieu/@a-r-crypto/small-scale-experiment-is-going-well-

Basically a few people worked it, the idea was to spend 1 to 3 lumens on each of 1 to 3 tokens every 1 to 3 days.

Back then lumens were probably only worth 9 or 10 USD cents or so, recently they went up.

New Roman Denarius (NRD) and CZech Bits (CZB) seemed to work particularly well as those happened to be ones that didn't have any "dumpers" trying to trash their price.

You should however watch out for the calculated values, since for example NRD did so well that when Lumens recently jumped to 4 or 5 or more times their previous value that drove NRD's spot market price up above its calculated value so the Romans took the opportunity to consolidate their buy-side, making it stronger but making it not exceed the calculated value as much as it had been doing.

This small scale experiment would work much better of course with more people participating; the Stellar platform is still fairly new to players so not really many of them have yet even bothered to set themselves up with Stellar wallets.

As the linked post and a later followup post describe it was like gaining an instant 30% on each new input of Lumens!


-MarkM-

With so many coins under $1 now, that will be very difficult to find the potential coins. You may get a wrong coins that will makes you holds for a long time without knowing if that coin can increase or will still stay at that price. Maybe you can select the coin under $1 that listed in top 25 coins. So you will not confuse to analyze the coins because you don't have a big list of coins to analyze.

But that will not always guarantee because we know that any coin can increase suddenly without any reason. That is why we must be careful when choosing the coin because many scams project that will make you lose your money.

Well we must remember a coin under $1 does not mean we will always make big profits from it. And just because it is under $1 does not mean it will reach price point of $1 for us to earn big gains.
I do think today it is much harder for us to find these kinds of alt coins. I do think it was alot easier for us to do it in the days when there was alot of ico projects.
Now there is too many scams and 'rug pulls' for me to invest in a new cheap token like this. I think if you want to make big profit in alt coins you can just buy and hodl the tokens with a big marketcap.

from the beginning of altcoin for $1 it is difficult to achieve it, although to get results from it you need to see the market situation first, but I think investors see it all and they will start to enter it of course it takes patience to wait for it to get something expected, but it is an interesting choice even though development continues and there is potential for increase prices in the future.

Finding an altcoin at that rate that'll hit $1 would be difficult, that doesn't mean some of them don't pump, but it could take a very long time. Though most of them end up becoming dusts as investors take away their funds. So, it's not advisable to go after low level altcoins with no future potentials. Unless you belong to the project's community on social media and is sure of the team's effort to lift up the coin by fetching investors, then holding it for a longer moment would be preferable, and beneficial.

Honestly I was planning to invest with altcoins because bitcoin seems too costly for me but now I get some idea how risky new altcoins are. Even bitcoin is trading around $100k level, it will not lead to be broken but altcoins may do. Even I will be investing some $50 or $100, I must invest in bitcoin for same amount. But before I was thinking like I must need big money for bitcoin but now I realize even for small money also we can choose bitcoin.

Mostly peoples those are involved into crypto world for long time they understand positive and negatives of these things but due to recent hype which is coming through social media we have many peoples those love to take this gamble and enjoy even they understand consequences but still trying and jumping into these meme coins which can give them huge loses but also have few chances of jumping into good way which give them profit as well.

Recently we have few trends which are working as after investing in meme coin someone have huge profit things like these give motivation to newbies, and they also try for their luck even we all know about things like these but peoples still going through and losing their money which needs to stop, but we can't help them.

You can't just buy any cheap coin and think it will definitely rise above $1 if you hodl it, that is not a strategy if you ask me; you are just gambling. I call it gambling because you might just get lucky or you could do it and never get lucky. Instead of wasting your money doing this, why not just buy better coins, like bitcoin, you can accumulate using DCA, you don't have to buy in one lump sum and before you know it you are building a portfolio.

This doesn't work because there is no logic to it. It's not the price of a token, it's its market cap, partnerships, community, and many other things.
There have been tokens that are priced well above $1, and there will be more.
In general, there are Meme coins, which are the tokens with lots of zeros that you mentioned, and it's hard for people to go up and down in Memes.

This does not work because it is not really a legitimate investment method, you are investing in a coin solely based on its price and not on the quality of the project itself, which is by far the most important aspect, so I am not surprised at all that you have not gotten any benefits from this practice, besides just because a coin has a cheap price that does not mean that it can go up in value by such a huge margin, since its market cap could be huge already and shiba inu is a good example of what I am talking about.

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.