altrolo017 (OP)
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July 09, 2017, 07:39:22 PM |
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Hello, I'm very new to the alt crypto currency scene and I'm just beginning my research on basically everything so please excuse me if this sounds simple.
My idea is to invest a small sum of money over 5-10 alt coins (no idea which ones as of yet) for the long term say 2-3 years.
If I invest for example $10 in an altcoin with price currently at $0.10 per coin I would have 100 coins in my wallet. If I were to check the price again in one year to discover that the price has increased to $0.20 would I have made 100% percent profit? Is that basically how it works?
What are the risks involved with an altcoin that is really cheap say $0.01 but with potential to increase a lot in value compared with a more popular and well established coin in the top 10 which is worth for example $50.00 per coin?
Thanks.
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ICO_Estate_Coin
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ICO EstateCoin Project manager
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July 09, 2017, 08:35:15 PM |
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Hi!
I think the risks are bigger just in the coins for $ 0.01. It is better to buy a small part from coins with a good reputation. Or you need to study the nature of the origin of such cheap coins, of which you are speaking.
But the topic of investment in crypto-currencies is interesting.
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RewFrew
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Chainjoes.com
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July 09, 2017, 08:44:24 PM |
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Hello, I'm very new to the alt crypto currency scene and I'm just beginning my research on basically everything so please excuse me if this sounds simple.
My idea is to invest a small sum of money over 5-10 alt coins (no idea which ones as of yet) for the long term say 2-3 years.
If I invest for example $10 in an altcoin with price currently at $0.10 per coin I would have 100 coins in my wallet. If I were to check the price again in one year to discover that the price has increased to $0.20 would I have made 100% percent profit? Is that basically how it works?
What are the risks involved with an altcoin that is really cheap say $0.01 but with potential to increase a lot in value compared with a more popular and well established coin in the top 10 which is worth for example $50.00 per coin?
Thanks.
In your example you wanna invest a total of 100$ for a return of 100$ after a year? lol Keep that spirit and you can won more than 100% in a year easy. If i was you, i buy 10 shity coins without any potential with 10$ each. After 1year u gonna have between 30$ to 10.000$ |
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Speculator[zzzz]
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July 09, 2017, 08:54:22 PM |
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Hello, I'm very new to the alt crypto currency scene and I'm just beginning my research on basically everything so please excuse me if this sounds simple.
My idea is to invest a small sum of money over 5-10 alt coins (no idea which ones as of yet) for the long term say 2-3 years.
If I invest for example $10 in an altcoin with price currently at $0.10 per coin I would have 100 coins in my wallet. If I were to check the price again in one year to discover that the price has increased to $0.20 would I have made 100% percent profit? Is that basically how it works?
What are the risks involved with an altcoin that is really cheap say $0.01 but with potential to increase a lot in value compared with a more popular and well established coin in the top 10 which is worth for example $50.00 per coin?
Thanks.
If I understand your first question, you are correct in what you said. If a coin doubles in price (i.e. $.10 to $20) then you made 100% profit. If it triples in price, then you made 200% profit (although there is technically no such thing as >100%... investors talk in those terms). As to your second question, there is incredible risk in investing in ANY coin right now. The market is still VERY volatile. You could quickly lose 50% of your investment any given day. So only invest what you are prepared to lose. As to the logic to your question, don't focus on price of coin. Focus more on market cap. For example, Ripple is currently worth $.24/coin. However, it has a $10B market cap. Thus (in very general terms), its potential of 10x in value in 2 years is probably less likely than something like WAVES or ANS 10xing, because the latter two have much more room to grow without hitting ridiculous market caps. Obviously just because something has a lower market cap does not mean it is more likely to grow (in fact, there's an argument that the opposite is actually true). I only make the statement because I assumed you correlated price to potential. Price has nothing to do with potential. Market cap has more correlation to potential if you want to make that bet. As anyone else would say, the biggest indicator of success should be based on your own research. My criteria is investing in a product that I think looks promising and has a relatively low market cap (under $400 Mil), with the exception of BTC and ETH. Some interesting projects I recommend RESEARCHING (always do your own research) are Antshare/NEO and Golem (full disclosure, I have a stake in both). Those both fit my criteria of strong potential. I would also recommend always holding a little BTC - I still think it has potential growing significantly. ETH is risky at this point, but it's still an extremely interesting project. Good luck! Feel free to reach out to me if you have any questions. I'm willing to give my thoughts on things. I'm obviously not an expert, but I'm always willing to spit ball ideas and help where I can! |
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fistfullofbtc
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July 09, 2017, 08:59:52 PM |
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some lower coins go for ages and never move price.
depending on your stake, read up about coins and choose ones you think will go up.
for example lbry coin is still low market share and ready to release, and actually has a working project not like 99% of other alts.
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LodisMcguire
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July 09, 2017, 10:00:01 PM |
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Yes that basically how it works,but market is not stable,if you put 100 coin in $0.20,then someone will put $0.19
The risk is even if a coin have potential,there will be a newer coin to replace it,so it up to you to choose what coin will be success in the future
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RichardThessen
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July 09, 2017, 10:07:11 PM |
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No stable market in as far as cryptos are concerned. But you said it all. If the coin doubled from 1.10 to 1.20, then yes, you made profit
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fistfullofbtc
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July 09, 2017, 10:11:08 PM |
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i bought sib coin last week at 0.8 dollars now around 1.5, so nearly doubled in a week. i would say with most coins in top 30 will double in a year after a little investigation, risk lower. But op think big aim for 10x, read around, you will find something.
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altrolo017 (OP)
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July 09, 2017, 10:59:14 PM |
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Thank you very much for the advice all. When for example I look at litecoin I see that around this time last year it was roughly $5 and now its at $50, for me that's really exciting but at the same time I ask is there room for another x10 growth in a year from now? Wouldn't a less expensive and newer coin (with potential) be a better bet for higher growth in a year. Or what I guess what I'm trying to say is $50 too much for litecoin?
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Speculator[zzzz]
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July 09, 2017, 11:45:47 PM |
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Thank you very much for the advice all. When for example I look at litecoin I see that around this time last year it was roughly $5 and now its at $50, for me that's really exciting but at the same time I ask is there room for another x10 growth in a year from now? Wouldn't a less expensive and newer coin (with potential) be a better bet for higher growth in a year. Or what I guess what I'm trying to say is $50 too much for litecoin?
10x for Litecoin would put it at roughly 25B market cap. That's certainly not impossible, and you'll find some people on this forum that believe it is actually likely in 2-3 years - as you will also see people on this forum say it will probably drop back down to $5 in 2-3 years. I personally wouldn't make that bet for several reasons. But it's not an outlandish bet. The best choice you can make is do research on the coin. Reading charts by itself doesn't do it here in crypto land. Because charts largely are a byproduct of pure speculation. What you need to do is read charts in connection with your research in the coin. The million dollar question on any coin is whether the charts shows pure hype, or is there some potential with the product? I guess what I'm trying to say is that some people would make the bet on Litecoin while others won't. The difference between the two groups is their research and opinion based on that research (or lack thereof). |
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Vivisector999
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July 10, 2017, 03:16:41 PM |
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Yes there is room for another coin to make 1000% in a year. Alot of them actually. On the other hand, there are even more that will worth 0 in a year. If you watch, some coins can fluctuate 200% in a day. (Mostly pump and dumps)
My advice, don't come in because you heard news of people making 100% on investment in a year. Come in smart. Read about the coins, and what the devs plans are. And start day trading. You will usually make alot more day trading coins than you will buying a coin and checking back on it in a year. But at same time, day trading can lose you alot as well. Don't invest what you can't afford to lose.
PS: Your 100% increase is technically correct. But don't forget, you will also have Commission Fees on top of that, and fees to transfer the coins from Fiat to usually BTC/LTC or ETH then a Commission fee to buy the coins you want to invest in, then more commission fees when going back to BTC ect to sell, and finally more fees to take the money out and convert it back to Fiat. And until BTC fixes their fees to transfer BTC, in dealing with amounts in the $10 range, you will be down 30% before you even begin.
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Ayers
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July 10, 2017, 03:21:40 PM |
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Hello, I'm very new to the alt crypto currency scene and I'm just beginning my research on basically everything so please excuse me if this sounds simple.
My idea is to invest a small sum of money over 5-10 alt coins (no idea which ones as of yet) for the long term say 2-3 years.
If I invest for example $10 in an altcoin with price currently at $0.10 per coin I would have 100 coins in my wallet. If I were to check the price again in one year to discover that the price has increased to $0.20 would I have made 100% percent profit? Is that basically how it works?
What are the risks involved with an altcoin that is really cheap say $0.01 but with potential to increase a lot in value compared with a more popular and well established coin in the top 10 which is worth for example $50.00 per coin?
Thanks.
yeah that how it work, but altcoin are now, especially the small one, to be unstable and instead of $0.1 to $0.2 you get $0.05, and lose 50%, you need to diversificate but you also need to aim well and not buying blindy because many alt are a trap, there are some good pos coin like rain condensate which can give you a return per year if you invest something in, you do nothign and get money |
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xiaohang07
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July 10, 2017, 05:18:10 PM |
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The price is not the only factor to consider when you invest in cryptos. You need to look at the total supply of coins. For example, Byteball is more expansive then Eth right now, but its market cap is way smaller than Eth, due to the total number of coins is smaller.
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dieorlive
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July 10, 2017, 05:32:15 PM |
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one factor has to been considered for long term investment ,fiat currency devaluation.
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MostHigh
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July 10, 2017, 05:39:43 PM |
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Yes. All you said is correct. it is basically what happens in all investment modules. please remember there will transaction cost to every coin you buy and sell and the wallet you will use for storage. But study the various coins very well because most of them have the potential to grow beyond 100% per annum as you said.
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infer
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July 10, 2017, 06:40:37 PM |
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Hello, I'm very new to the alt crypto currency scene and I'm just beginning my research on basically everything so please excuse me if this sounds simple.
My idea is to invest a small sum of money over 5-10 alt coins (no idea which ones as of yet) for the long term say 2-3 years.
If I invest for example $10 in an altcoin with price currently at $0.10 per coin I would have 100 coins in my wallet. If I were to check the price again in one year to discover that the price has increased to $0.20 would I have made 100% percent profit? Is that basically how it works?
What are the risks involved with an altcoin that is really cheap say $0.01 but with potential to increase a lot in value compared with a more popular and well established coin in the top 10 which is worth for example $50.00 per coin?
Thanks.
The more risk you take, the higher chance you will become rich. Let me say this, if you invest your money in bitcoin, you will surely earn a great amount of money in the next 10 years, maybe x2 or x5 of your capital. And the risk of losing money in bitcoin is very low. But if you do not like bitcoin and you start investing your money in some infamous coin, you will probably earn x100 profit in less than a year but the higher chance that the coin will be destroyed or something like that, which will make it no longer valuable |
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klarki
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July 10, 2017, 07:45:17 PM |
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Now this approach is wrong.
You need to analyze the market before investing.
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kriptotr
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July 20, 2017, 09:01:19 PM |
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Now this approach is wrong.
You need to analyze the market before investing.
The question is that if the profit calculated here is based on USD profit or satoshi (bitcoin) profit. They are two different approaches and it's not possible to create a relationship between them. If you're bitcoin investor, let's keep it as satoshi profit calculation. |
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