Bitcoin Forum

I stumbled across this one, did some research and went for it.

https://www.dollardestruction.com/blog/is-zoin-the-best-investment-you-can-make-in-2018

only small community on telegram : https://t.me/zoincommunity

This feels like another “me too” type of coin. I don’t see any value.

So it’s not something I would want to invest in if it’s for the long term.

This coin has a 24h volume of 40k. You can literally send these coins "mooning" on paper with just a $1000 pump, or send them crashing with a $1000 dump. This is often the case with coins that increase 1000% overnight. You just buy up all the sell orders on EtherDelta for a small amount and boom, the coin has supposedly boomed, even though no one would buy it at that price besides the pumper.

The prices you see with low volume coins are not real. Not sure when investors here will understand this.

Simplest way to understand it: I create an ERC-20 token with 10 billion supply. You agree to buy 1 token from me for $1. The market cap is now literally 10 billion. Indisputable fact. Do you really think though with those 10 billion coins you'd even be able to make even $10? Let alone 10 billion? Think a bit.

ok if you say so...

But this forum is called speculation altcoins.

have you visited their website?
Twitter?

Doesn't all coins start like this?

https://twitter.com/zoinofficial/status/961386917802725376/photo/1?ref_src=twsrc%5Etfw&ref_url=https%3A%2F%2Fcoinmarketcap.com%2Fcurrencies%2Fzoin%2F

It’s true that pretty much all coins start like this. But as the number of coins increase, subsequent coins that cannot differentiate themselves or provide value is a dangerous buy in my opinion.