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

It really doesn't work that way. Coins that are usually worth less than $0.01 have a large circulating supply. Especially "meme" coins. There's no guarantee they will reach $1 in the future. Only those that become very popular. It's hard to predict which one will be the next big hit. This is like the Russian Roulette. A gamble to say the least.

If you're lucky, you can use the profits to buy serious coins and avoid losing it all in an instant. But that's a big "IF" due to the reasons mentioned earlier. Just avoid putting all of your "eggs" in one basket, and there should be nothing to worry about.

If you are only looking for a rise to 5 or 10 times the price, there is no need to rely upon luck.

To do it sustainably and benevolently though, building for real (rather than just victimising folk who are too naive to know better), and thus end up with something real, a "pump with no dump", you need to be responsible about it.

Part of being a responsible coin-dealer of course is to provide for "returns"; that is, to accommodate folk who experience "buyer remourse", by in effect providing a kind of "money back minus a small re-stocking fee" policy in the form of a buy-side, climbing upwards as the price climbs, so that as each sell-offer gets bought the proceeds go back onto the buy-side.

When close to the bottom of the buy-side, which for BTC/IXC and BTC/I0C on FreiExchange means price below 1000 satoshis and even more so way the heck down below 100 satoshis, the sheer cheapness of the coin seems to tend to attract "dumpers", possibly because a lot of folk imagine a coin that cheap must be headed for zero so they feel they should get out fast even at a loss.

Thus at such an extreme bottom of the buy-side it is even more important to build the buy-side strongly to try to limit how far "dumpers" are going to be able to drive the price down by consuming the buy-offers.

For those two particular trading-pairs the current goal is to keep placing offers to buy 1000 coins, at every satoshi of price, all the way up to 1000 satoshis per coin.

But that, obviously, is going to take a while.

Those pairs are still at a stage in which buyers often become impatient with how "thin" the sell-side of the order-book is thus snap up more than one price at a time of the sell offers.

At such low prices of course it is silly to thicken up the sell-side because it would be unfortunate to run out of coins to sell before-or-by the time one actually reaches one's target price, since ultimately a huge part of the point of "ratcheting" up the price is so that the profit on each offer of or for a given number of the coin is larger than it would be lower down in price.

Basically the idea is that the higher the price is built up to the more capable an offer to sell a given number of coins will be at satisfying a buyer's desire to buy a given "value" (number of the buy-side asset) of the coin.

For example if a buyer is using "dollar cost averaging", as the price rises it takes less and less of the sell-side coin to provide them with their desired number of dollars-worth of the coin.

So we try to "thicken" the sell-side not by making each sell offer larger as in number of coins offered per offer but, rather, by piling the offers ever higher so no matter how much a buyer wants to spend there are always more than enough sell offers to accommodate their spend. (They just need to pay higher and higher prices the larger their spend.)

In the cases of treasury-based Galactic Milieu assets such as IXCoin or I0Coin, it is easy to compute a target price; we can use the Latest Rates include-file, which shows us for each Milieu asset its total "official treasury" divided by the number minted, as a guide.

When the buy-side of our chosen pair happens to be one of the assets for which a whole historical table of such rates has been computed and put online, such as the Asset values expressed in BiTCoins (BTC) table, it is particularly easy.

From that latter table for example we can at time of posting this see that according to the Latest Rates IXCoin and I0Coin ought to be worth near 500 satoshis each based on the computed values of all the treasuries.

Of course blindly taking the Latest Rates as gospel is a touristy move; more-serious players are going to want to add a personal touch, apply a bit of their personal expertise, such as for example knowing they can as I am posting this still pick up DeVCoins for way the heck less than a satoshi, way the heck down closer to a litetoshi (litecoin-satoshi; 0.00000001 LTC) on FreiXlite exchange, so they might choose to re-calculate the whole Latest Rates file, which is by default denominated in DeVCoins based on the calculated value of DeVCoin, using their own figuring of how much a DeVCoin should be regarded as being worth.

The bottom line here though is that just the few people reading this post are probably enough, all by ourselves, to pick-and-choose coins to experience a five to ten times multiplying of the price of simply by picking-and-choosing the same pair on the same venue to work on and it being a venue where from time to time someone other than ourselves occasionally happens along and considers buying some.

One of the big differences in this approach though from simply picking a random scam to "pump and dump" is not to dump.

With pairs such as these one is going to run into some "dumpers" eventually as one continues "ratcheting upward" the price, because folks have had way over a decade to pick up "bags" of the coin so the higher the price goes the more chance there is that one of those so-called bag-holders is going to "dump" as in consume buy-offers by selling to them, rather than politely "sell" as in place sell offers and wait for a buyer to buy from their sell offers.

That is why ideally one builds one's buy-side strong and dense; inevitably eventually some "dumpers" are going to "dump", and one wants to be in a position where their doing so is a wonderful windfall of cheap coins raining down upon one's buy-offers gifting one with cheaper and cheaper and cheaper coins, rather than a nasty blow to the values sites such as CoinMarketCap and CoinGecko are going to display to the world as the supposed "value" of one's coin.


-MarkM-

Now as things are opening about hype, and we are having some solid things for newbies they are understanding this all even though still we have the good number of members those are heading for trap like this, but one thing is sure it's not working for all because 33K is too much even if someone feel good we can jump for small things which are usual in crypto but dreaming about this is surely just dream with have not related to fact.

As mentioned important thing is growth and potential which can give better view about coin/token future no doubt living near 100x or some above is still possible but still not easy have things like these too early because recently I have conversation with few those are happy if they are having nearly x5 to x10 as well.

If you get lucky picking a coin to invest in without doing your own research , you might buy it cheap and sell it high. But thats just luck. It doesnt mean you'll get lucky every time you try that strategy. Doing thorough research is still very important, and it's always a good idea to keep learning about crypto to deepen your understanding. This way, you can make more informed decisions and increase your chances of success.

Based on interest and what the utilities has been providing since after development, I don't think brain dead people are only intrested in hodling monero tho. In addition if you don't find monero as a suitable investment for a long term, then better no go.

Don't be a pussy in real, lol.

Not gonna happen.. a 33k increase is unrealistic. I’ve never seen any altcoin pump that much in a short or even a long period of time.

IMO, the price isn’t the main factor to focus on. What matters is the potential for growth. Aiming for x100 is more realistic, but you have to approach it with a long-term mindset because he market has matured, and people don’t buy into the hype as easily as they used to.

depends on the FDV, sometime the total supply is made so big having $1 as a price doesn't make sense, can you imagine a coin, meme coin to be precise, where total supply was made to be 10 trillion and getting priced at $1? it'd basically be having market cap of 2 times current entire crypto market cap just for one coin which doesn't make sense at all.

that kind of investment, where you buy coin at really cheap price and hoping it will go to $1 and beyond only happens to meme at very early phase, you'd need to do meme sniping and prepare big chunk of capital because meme sniping is hit or miss with small odd of winning.

even then that could happen because the FDV still make sense, still remember PNUT at early days only have FDV of $2M and it becomes valued more than $500m at one point.

This is sound advice. i started investing in crypto in 2017 to 2018 and back then bought BTC, Ethereum Stellar Lumens, Monero that were leading coins back then and remain leading coins today in 2024. I also bought some unknown coins priced at fractions of a penny such as LiteDoge, Xtrabytes, Digibyte, etc that all went to zero or near zero. If you want to gamble with a small cap coin priced at less than 1 cent like Shiba Inu go ahead just size it small because the vast majority of small meme coins go to zero because they have no use case and no adoption by the crypto community.

Also many traders use technical analysis techniques from the worlds of stocks and FX. Thats fine but if the coin is a pump and dump scam technical analysis will not save you from losses as the coin bleeds or just crashes to lower lows taking you down with it. There is no substitute for getting into the weeds and understanding the coin's technology, team, financial resources (if any) and whether it offers something unique

Oh my God! Not every coin would hit $1 even though the price of Bitcoin quickly hit 300k. Why? This is because many of these altcoins that have so many zeros are shit or memecoins and the amounts of the zeros are too many. Just imagine waiting for a coin that has 5 to 7 zeros before a number to hit $1. This will be very difficult and it would take few generations before they could hit such price. That is only if they are still in existence before that time. W should not be anticipating on unrealistic expectations because many will be very disappointed trying to wait for a coin that have several zeros to eat up the zeros as soon as possible.

From $0.00003 to $1, that's a multiplication of 33.333x. It's difficult to find a project that has clear fundamentals at the start of development at a cheap price. One way is to invest in meme tokens, I've seen that recently there have been a lot of tokens at low prices and then the prices have soared, an example is Fartcoin (FARTCOIN). But back to my initial statement that it's difficult to find projects like this, it requires more time in deeper research.

The high amount of people not understanding how valuation works in crypto, is probably one of the reasons why things like Pepe or Shiba Inu got so high in the market cap in the first place. They think it's cheap, even with over $10 billion dollar market cap, because one full token is so much under a dollar, and dumb money keeps floating in.

They seem to ignore that people who got gigantic profits with them got in in low market cap, and for some weird reason they think it's going to hit over a dollar, or $1k. But i have been ignorant too in the past, and it's not their fault of being newbies. I have accepted that this is a thing that is never going to be common knowledge.

It's possible you've seen a few coins/tokens that are lower than $1 and later move past the level, but you should know that those coins are not the ones with the $0.00003 as you stated, too many decimal places is a discouragement for crypto assets to reach $1. Any coin you see having such a quote may never reach $1 because they might require more than $100T to achieve that. So I advise you not to look at the price alone but also the market capitalization. It's easier for the coin at $0.09 with a $250m market cap to reach $1 after attracting about $10B than for those with too many zeros.

so far, I see that this kind of thing still happens often. even though we do expect a high price, but if we have a coin with a price of $0.00003, and hope it will be $1. However, over time, the price goes up to $0.0001 or $0.001. Well, when we have hundreds of thousands, or millions of coins that we initially bought at $0.00003, then we have made a very high profit, even when the price has not reached $1.

It is too ambitious if a memecoin whose price is even 0.000001 wants to reach the price of $1, this will only be a wasted goal when the memecoin is not well-developed and developers do not care about the community. It is not impossible because crypto can change very drastically overnight.

I still hold some memecoins that I believe in even I know his Dev and he does Doxxed to make his community believe and is always present for his community to push the supported memecoin project to get more attention from investors and become a memecoin with utility that has benefits for the long term.

99% of memecoins will indeed turn out to be scams, but it remains to be seen how the memecoin is built and who built it.
Seeing some very successful memecoins like $PEPE led to many other memecoins appearing.

You’re trying to buy a winning lottery ticket. What you are doing is risky & has a low winning ratio. It’s far better to buy Bitcoin, Ethereum, Solana or any other top 200 coin & continue to DCA. It’s not as exciting & might not make you 1,000,000 x gains but you are far more likely to make good profits this way than looking for the golden egg.

things are a lot more complicated than just buying coin with so many zero in their price and wait until they reach $1 because trust me most of coin that has so many decimal got that many decimal because they have inflated total supply which means the total supply is hundred billions and even if the FDV is too big already the coin will still have so many decimal and have a slim chance of going to $1.

you should study about total supply, circulating supply, FDV, market cap then make your decision accordingly, as far as I know, the decimal in altcoin price, doesn't mean anything other than just gimmick. which often being used to mislead vulnerable newbies into thinking this coin has so much potential while there's actually none.

it depends on the assessment they apply, from the many circulating in the market, the meme coins are indeed difficult in predicted although some of them take the opportunity behind the expected profit, with a price below $ 1 the meme market is under pressure and experiencing a decline, but investors sometimes think they will choose it and hope that it might potentially up rise back.

The last option is the safest, in my opinion. Honestly, the price of the coin you want to buy doesn't matter much at first, but focusing on the core of the project's fundamentals and its potential to attract investors is one of the most important factors. There are many coins under $1, but they don't have a solid project or use cases, especially for meme coins that some invest in, hoping to reach $1. However, reachiing that price depends on many factors, such as market cap, total supply, demand, coin price, burning, etc. It also acts like gambling and carries a massive risk—there's a 99% chance the coin could turn into a scam. So expectations should not be raised high in these meme coins, and they should be invested with complete caution because even with sufficient research, the future of these coins is unclear and we do not know whether their team will abandon them or strive for their success.

More people are just gambling by buying new memecoins, and they don't even know who the developers are, what the community is like and what the goals of the memecoin project are. At first, it may go up and look good, but then it will just be thrown away and just become an abandoned memecoin, or it can be called a rugpull.

I also once stuck in a situation where I just bought without doing my research, and it was like gambling.
Wasting money on a memecoin project whose origin and purpose are unclear.

However, some well-built memecoins, with clear developers and useful and innovative utility, can be gems that provide great profits,
but it is very rare that such coins are available.

and the last option to avoid getting into that obscure memecoin is to buy Bitcoin and the top altcoins and do a DCA when the price drops or consolidates, the important thing of all of that is Research.

You have gotten the wrong idea of how buying of altcoins are. It doesn’t matter the price of the coin when buying, what matters most is the demand for the coin in the long run. Mostly, when you check out that the market cap of a coin to be relatively low, there is high possibility that the coin will do well in the long run when the demand for it increases. The impression you have about buying coins and gaining profit is wrong, so you should have a more knowledge about it before jumping into it and always limit your expectations even when you see one with low market cap coin and bought early.

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.

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

Yes and no. Actually, more no than yes.

Most coins don't get to become profitable, so you have to really know what you are doing. Or be super lucky.
You can, of course, do this trick with 1000 different coins, or 10000, since at 0.00003$ it's still a good business (well, you have to watch out for withdrawal fees, but we are talking in theory, so let's ignore that). But then... will you have the patience to see one of them get to 1$?

A better approach is to stay on the safe side and just go for Bitcoin. Yes, you have to do it in the correct months of a 4-years cycle and wait for long enough, patiently. Yes, you have to invest "a tad more than 1$". And after your bitcoins have ROI then:
* in that time you've learned enough to have a better image where to invest/gamble your money in altcoins
* if you'll still want to invest into altcoins, you'll have the profit to try your luck with (although I expect that by then you'll understand you better avoid most of the altcoins)

First of all you have gotten the idea of buying cheap and selling high wrong it is never about buy the low cap Altcoins or shitcoins that was meant but rather buying any reliable coin when they are  at their low and then selling them at high.

I will take example of bitcoin which is the only one I consider a good investment coin, imagine buying bitcoin when it was below $20k in the year 2022 and then selling off now that it is $100k that’s at least an x5 of your investment in just two years of holding. Or buying last year when it was below $30j that’s Atleast x3 of the investment. This is the idea of buying cheap and selling high, it is not about the figure of the price.

Yes there is no denying the fact that this shotcoins at least most have the potential to do 10x or even 100x when you catch them at there low prices but they are not so many of them and how do you actually get them is very hard that’s why the safest option remains bitcoin which guarantees you little numbers to other than gambling the money you can’t afford to lose on these shitcoins

So you are being told that you're investing blindly. Well, following your system won’t automatically work because there are plenty of cheap coins out there, but many of them are scams. I think you need to DYOR on the coins you’re planning to invest in. Don’t just buy something because it’s cheap, because with the huge number of altcoins in the market, it’s undeniable that the scam rate is also high.

My suggestion: invest only in coins you know and have thoroughly studied.

Do focus on quality over quantity, and you’ll be better off in the long run.

The price of a coin does not matter. What that is very important is the marketcap and how people are supporting the coin and buying it. There are coins above $1 but that people are buying and the price increase further.

So is that logic works ?
You buy any coin under 1$ like price 0.00003$ and you wait just when it's 1$ you sell cash out profits and move on next cheap coins and invest and sell again.
The problem is i been doing that many coins we been told that If we buy cheap then we sell higher price but it don't work i been buying and waiting price just not going up ?
So is that method works anymore ? Why we don't see that coins not going higher ? Usually how long we should wait ?