With the reason Paccoin and TRX burst, it sets some bad expectations for people that they can expect to 10x their money overnight. You gotta get kind of lucky, but there's also some patterns. I'm going to shill KIN super hard here and completely ignore the technology because there's a better reasons to go for it.
First of all, the psychology in like 90% of investors is cheap coins = more room to grow. They don't understand market cap and more importantly, they think 1 cent changes absolutely nothing. Let's say you have money in XRB at $28 and some money in TRX at 10 cents. When TRX goes to 11 cents, that same amount of percentage gain on XRB would require it going from $28 to $30.80. It's 10% regardless.
I'm not saying this is GOOD investing, it's not, however, you have to know your audience and use that to your advantage. KIN is currently .001305 of a cent. If KIN reaches 1 cent, you've almost 10x'd () your money. Here's the crazy part:
Let's say you invest in some safer options, XRB, VEN,IOTA, XLM. You make 30% over the course of a month, congratulations.
You can throw darts at projects like Kin and miss 9 times before it balances out.
$1,000 into XLM for 1 month = $1,300
$100 into 10 shitcoins. 9 completely tank to 20% of the value you bought at (which will never happen either), but 1 10x's. Congrats, you're still at $1,300. Now what happens if 2 of them 10x? What happens when you get lucky and get in on Paccoin and you 20x?
Use math and psychology to your advantage. KIN may actually be a good product (kids and buying emojis is pretty profitable, ask Zynga and Clash of Clans), but even if it sucks, the math checks out.
Also, with Binance closed to new users, Mercatrox may get more and more population, raising the price even more.
Now go hurry up, I've made 10% while typing this post.
First of all, the psychology in like 90% of investors is cheap coins = more room to grow. They don't understand market cap and more importantly, they think 1 cent changes absolutely nothing. Let's say you have money in XRB at $28 and some money in TRX at 10 cents. When TRX goes to 11 cents, that same amount of percentage gain on XRB would require it going from $28 to $30.80. It's 10% regardless.
I'm not saying this is GOOD investing, it's not, however, you have to know your audience and use that to your advantage. KIN is currently .001305 of a cent. If KIN reaches 1 cent, you've almost 10x'd () your money. Here's the crazy part:
Let's say you invest in some safer options, XRB, VEN,IOTA, XLM. You make 30% over the course of a month, congratulations.
You can throw darts at projects like Kin and miss 9 times before it balances out.
$1,000 into XLM for 1 month = $1,300
$100 into 10 shitcoins. 9 completely tank to 20% of the value you bought at (which will never happen either), but 1 10x's. Congrats, you're still at $1,300. Now what happens if 2 of them 10x? What happens when you get lucky and get in on Paccoin and you 20x?
Use math and psychology to your advantage. KIN may actually be a good product (kids and buying emojis is pretty profitable, ask Zynga and Clash of Clans), but even if it sucks, the math checks out.
Also, with Binance closed to new users, Mercatrox may get more and more population, raising the price even more.
Now go hurry up, I've made 10% while typing this post.
What you're basically advocating is to invest in everything, while on initial impressions it seems like a really awful strategy when you actually look at crypto historically it seems to check out, I think it's just a sign of how bullish the overall market is.
