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Topic: When is a coin too expensive? - page 4. (Read 999 times)

newbie
Activity: 252
Merit: 0
May 04, 2018, 06:16:36 PM
#56
you presented it in wrong way .
all coins don't rise continuously without any correction or dips .
from 2 pizzas to 20K dollar , this journey was full of roller coster ride , where we seen upto 90% dip .

so buying at peak price is just poor planning , i will not say buying at peak is loss .
but if you read charts and do analysis then you will know the price is not safe to buy and better to buy in correction .

however if you buy at peak then hold for some months to see new peak of that coin . but one thing is most important buy only potential coin ..
 
sr. member
Activity: 994
Merit: 257
May 04, 2018, 05:20:00 PM
#55
Just to let this off my chest because of posts chastising people who bought coins at x5 or x10 their ICO.

Honestly, no one knows how much is too much.

BTC for example.  Someone paid 10,000 BTC for 2 pizza in 2010...say those 2 pizza was worth $10, that makes BTC at that point worth $0.001

Using this value, is BTC expensive at;

       x10 or   $0.01?
     x100 or   $0.10?
  x1,000 or   $1.00?
x10,000 or $10.00?

We all know the answer now but not when people were buying them at that price (ATH).

Who knows how high; ICX, VEN, NEO, XMR will go?  Are people who buy them at ATH stupid?  I don't think so.

If I believe on a coin, I don't care if it just pumped x10, if I think (and yes I could be mistaken) it will go up more I will buy it.  For me, it happened with XMR, NEO, EMC2, VEN, ICX, PRL, WTC etc.  Not all are success stories, I have my fails but all in all...I am way ahead and who knows, one of them might follow the path of BTC or ETH. Wink

RANT over.
If you truly believe in a coin you can buy it whenever you want, but if you also care about the profits that you can get with your investment then you need to try to find the best price to buy it, just look at bitcoin there were people that were still buying bitcoin at a price close to 20000, if they believe in bitcoin and are willing to hold for the long term they're still going to get profits but it could have been better to buy it when the price crashed and it reached 6000.
hero member
Activity: 2814
Merit: 911
Have Fun )@@( Stay Safe
May 04, 2018, 05:11:24 PM
#54
it is very difficult to detect it all, crypto currency market is too fluctuating for the prediction. all of which are just baseless estimates. luck is just a right speculation
The market is having a big fluctuation because bitcoin is considered as a speculative coin than a currency, so the market moves according to the market sentiments, if there is a negative news, the entire market comes crashing down and then recover a few days later.
The market is evaluated with the amount of adaptation in a particular currency, the amount of investors and miners determines the price of the coin and so is the reason you see more give aways and airdrops for every new coins or tokens, because you need to have a community to follow the entire process and if so it will keep on evolving, in short, more users the more expensive the coin would be.
newbie
Activity: 266
Merit: 0
May 04, 2018, 08:53:20 AM
#53
If overall total marketcap level is same and coin made over 10x or something, volume is low but marketcap number is high I would call it expensive. It's too hard to detect though, you gotta be lucky. Sometimes coins go overprice but you shouldn't see it as missed opportunity. At that point it's all gamble.
it is very difficult to detect it all, crypto currency market is too fluctuating for the prediction. all of which are just baseless estimates. luck is just a right speculation
sr. member
Activity: 602
Merit: 265
April 21, 2018, 02:46:13 AM
#52
Expensive is a relative term. And this is because our pockets are different, they come in different shapes and sizes. Howvever, a coin might be not worth purchasing depending on the life cycle of the project. If it gets closer towards the end of the cycle, chances are that, the returns would very minimal, or there could be none at all. Now investing in a coin/project at that point could be an expensive thing to do.
full member
Activity: 434
Merit: 103
Thinking on the higher plane of existence.
April 21, 2018, 02:30:40 AM
#51
I personally don't think people who buy tops are stupid because they don't know they are buying the top otherwise they wouldn't. I have made that mistake in the past and I am sure every trader has done so it is a part of learning and growing. A coin is too expensive at the point in which you think it can't rise anymore, up until that point if you think you can make $ then it is priced correctly imho.

Its a good point to know what is an "expensive coin" and you explain it clearly. Its not about the coins itself but its how the market values it. Ofcourse, there are several factors and the most common are news, platform itself, supply and demand curve, functionality etc.
sr. member
Activity: 2198
Merit: 273
SecureShift.io | Crypto-Exchange
April 21, 2018, 02:28:51 AM
#50
Since all crypto world exists mainly because of expectations, then as soon as there is a sharp up in prices, you can be sure that this asset is overbought.

In addition to expectations, it is necessary to calculate the exact potential of the existing mining algorithm, if everything can be synchronized with the market volume then this will create positive synergies, no fitting steps to be very expensive, we just need around significant price movements and give we profit regularly even though only a small part.
brand new
Activity: 0
Merit: 0
April 20, 2018, 07:16:25 PM
#49
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member
Activity: 322
Merit: 15
April 21, 2018, 01:52:40 AM
#49
A coin is expected to become expensive in the third and fourth quarter of the year or when the green days continue. That is why a lot of people buy coins during the days where the coins are at red so they can invest more money and hold until the coins become profitable.
member
Activity: 658
Merit: 11
April 21, 2018, 01:26:57 AM
#48
Since all crypto world exists mainly because of expectations, then as soon as there is a sharp up in prices, you can be sure that this asset is overbought.
member
Activity: 144
Merit: 19
April 20, 2018, 08:53:47 AM
#47
If the coin is mineable then I usually check the cost of mining one coin with Nicehash at current contract rates for the algo, this would give me a solid base for further calculations and research.
full member
Activity: 350
Merit: 122
April 20, 2018, 08:45:06 AM
#46
I think shitcoin.

Can you please stop promoting your shitcoin!!!

full member
Activity: 364
Merit: 106
April 18, 2018, 04:00:49 PM
#45
Nobody can really tell how expensive is expensive or when can we acrually call a value as exoensive or as cheap. People's 0erception varies from another, therefore, there will be no exact answer. Mainly it will depend on tje holder or the buyer. In trading, even though the price of the coin has already given him a profit, he'll be still asking for more.  And when the value of a coin dips a little comapred to its ATH, we'll start calling it cheap. Ironic, isn't it? However, if you are buying, then not having enough money to invest in a certain coin will certainly make that expensive.
sr. member
Activity: 1050
Merit: 250
Revolutionizing Reward Points
April 18, 2018, 03:24:30 PM
#44
its depends on your charts analysis,,
i think the price of crypto become too expensive, if the price in overbought area
because the power of buyers is weaker in this price zone,,
hero member
Activity: 1008
Merit: 510
April 18, 2018, 02:12:54 PM
#43
Just to let this off my chest because of posts chastising people who bought coins at x5 or x10 their ICO.

Honestly, no one knows how much is too much.

BTC for example.  Someone paid 10,000 BTC for 2 pizza in 2010...say those 2 pizza was worth $10, that makes BTC at that point worth $0.001

Using this value, is BTC expensive at;

       x10 or   $0.01?
     x100 or   $0.10?
  x1,000 or   $1.00?
x10,000 or $10.00?

We all know the answer now but not when people were buying them at that price (ATH).

Who knows how high; ICX, VEN, NEO, XMR will go?  Are people who buy them at ATH stupid?  I don't think so.

If I believe on a coin, I don't care if it just pumped x10, if I think (and yes I could be mistaken) it will go up more I will buy it.  For me, it happened with XMR, NEO, EMC2, VEN, ICX, PRL, WTC etc.  Not all are success stories, I have my fails but all in all...I am way ahead and who knows, one of them might follow the path of BTC or ETH. Wink

RANT over.

Ideally you want to buy a good coin early before it has made a big gain. The problem is that we sometimes don’t hear about a coin until it’s made a 100x gain and is in the top 100.

Basically, I buy the top coins like Bitcoin and Etherium only when they are in a correction or crash.

I’ll buy other altcoins in the top 100 if I find something positive about them that makes me think they can increase in value. I have diversified enough that I hope I will hit one big.
jr. member
Activity: 70
Merit: 2
April 16, 2018, 12:54:41 PM
#42
A coin is too expensive if its near the all time high. Never buy  near the all time high, the price will always dip if your patient.
hero member
Activity: 644
Merit: 501
April 15, 2018, 07:17:19 PM
#41
The point at which a coin is considered to be overvalued at changes all the time.

It's not constant, therefore you can't say for instance, LTC is going to always be overvalued whenever it reaches $200. Well no, because $200 could be because of fiat currencies depreciating, or it could even be just 10% of its all time high, if it got pumped to $2000, in which case it's probably a great time to scoop up cheap coins.

When you see a coin getting hyped up for no reason, and people are buying just for the sake of profit, you know that the coin is overvalued/expensive.
hero member
Activity: 1246
Merit: 502
April 11, 2018, 06:32:34 AM
#40
For the coin with its new features like neo and ethereum the over priced will be above 1/10 bitcoin below that price is under valued coin. For token i am ussually using coinmarketcap and looking to whole marketcap and top 100 coin market cap. Divide potential marketcap by total coin in circullation.
hero member
Activity: 3038
Merit: 617
April 11, 2018, 03:53:31 AM
#39


When its price is more than you can afford, its already expensive to me. I always though NEO is expensive already back when the price was just $7 but I bought some of it as investment to hold. Since I still can afford it during that time and am sure the price will grow, I did buy and the GAS I get is also invested to NEO after and so my NEO is increasing every time. If NEo will soon turned $200, I might not be able to buy it and will consider it expensive just as bitcoin is.
full member
Activity: 378
Merit: 100
ARIZN - Tokenised Crowdfunding Platform
April 11, 2018, 03:44:16 AM
#38
It is very difficult to understand which price is the highest or which price is the lowest. For this reason we can never do the right timing Cheesy
Nobody wants to invest with the price they will hurt, but we do not know whether a coin is expensive or cheap
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