Whats the Deal with Altcoins that Have a Market Cap under $1,000?

[ignitiondefect]

I see a bunch of coins on Coinmarketcap.com (http://coinmarketcap.com/3) that have market caps under $1,000. Many have websites associated with them, have some trading volume, and are traded on exchanges. Instead of starting my own altcoin, should I just buy up 90% of one of these altcoins? I don't get how they can be worth so little?

[ignitiondefect]

Forinstance, Evotion has a market cap of only $198, had $10 in trading volume today, and trades on two exchanges (YoBit and Cryptopia). Wtf?

[The Sceptical Chymist]

Well this kind of indicates no interest, so even if you bought up all of the coins there are probably no people who want to buy them. So you'd be wasting your money.

[ignitiondefect]

Well this kind of indicates no interest, so even if you bought up all of the coins there are probably no people who want to buy them. So you'd be wasting your money.

It might be a cheap and easy way to have my own coin without having to start one though.

[MicroGuy]

Well this kind of indicates no interest, so even if you bought up all of the coins there are probably no people who want to buy them. So you'd be wasting your money.

It might be a cheap and easy way to have my own coin without having to start one though.

You could try that, or even better, buy a coin that's getting ready to publish an open-source java client before its released on the 18th!

https://www.gldtalk.org/index.php?topic=3442.0

[Master of Puppets]

Well this kind of indicates no interest, so even if you bought up all of the coins there are probably no people who want to buy them. So you'd be wasting your money.

People want them as soon as price goes up consitently. No matter what shit it is.

Though: When shit is that low it mostly has a reason to be.