$100 in every altcoin under $1 from top40

[msteq]

Imagine you have $4000 to invest. What are your thoughts about investing just a little amount (~$100) in every altcoin in top40 which price is still under $1? Wouldn’t that bring some profit after few months? I am sure at least few of them would get pumped x-times above $1. Also not all of them would drop to $0.

Any thoughts? Could that work?

[ahmadakbari]

It might be profitable. But It's better to do some research on coins and decide whether invest in them or not. Being a coin in top 40 might decrease the risk, but it is not a sign to be profitable.
And keep in mind that price of one coin doesn't matter.

[bitkanu]

Imagine you have $4000 to invest. What are your thoughts about investing just a little amount (~$100) in every altcoin in top40 which price is still under $1? Wouldn’t that bring some profit after few months? I am sure at least few of them would get pumped x-times above $1. Also not all of them would drop to $0.

Any thoughts? Could that work?

Nope, I should go a lot for the promising coin. There is no reason to divide my amount to the crap coin even $100 because i just like a deal with high risk with my investment. I'm not sure about that it caused by a lot of the in the low cap due to the bad development.

[nofuture]

Imagine you have $4000 to invest. What are your thoughts about investing just a little amount (~$100) in every altcoin in top40 which price is still under $1? Wouldn’t that bring some profit after few months? I am sure at least few of them would get pumped x-times above $1. Also not all of them would drop to $0.

Any thoughts? Could that work?

nice strategy but I think don't find altcoin with price under 1$. find top 100 -> top50 good coin is better. martketcap is important than price

[msteq]

Imagine you have $4000 to invest. What are your thoughts about investing just a little amount (~$100) in every altcoin in top40 which price is still under $1? Wouldn’t that bring some profit after few months? I am sure at least few of them would get pumped x-times above $1. Also not all of them would drop to $0.

Any thoughts? Could that work?

Nope, I should go a lot for the promising coin. There is no reason to divide my amount to the crap coin even $100 because i just like a deal with high risk with my investment. I'm not sure about that it caused by a lot of the in the low cap due to the bad development.

And if you do a little research just to drop the shitcoins, do some analysis and buy them not by the price but by their market cap it could bring some profit I think.

[tiggytomb]

If you are looking to just throw money blindly then this seems as reasonable a strategy as any, at some point some of them might move up but you could be backing a dead horse without knowing anything about the coins.

It would be far more sensible to look into these coins first and make an informed decision but if you have the $4,000 to spare then hell why not let us know how it goes.

[KingAzir]

It's better to invest into altcoin which has cap less than $1m with $100 instead of top 40 because It's too small to grow exponentially

[thompshma]

Just because a coin is under 1$ DOES NOT MEAN IT HAS ROOM TO GROW.

Look at ripple for example.

[slaman29]

I thought about doing that myself a while ago, (except I thought about top 25 and in terms of BTC price of below 25,000 satoshi) but I made some rough calculations and would have lost money, especially taking into account the September bears across all alts. If you look at the so-called x100 coins, they were too small in market cap to reach top 40.

Point is, that is just gambling. You need to make informed decisions based on self research. It's the only way to learn.

[withche.07]

It might be profitable right before bull market. But you should be very lucky to hit that. You can lose lot more than you expect to win. I wouldn't risk my money like that for sure. Too risky.

[nsasuiteb]

If you have little money as $100, invest in very underpriced coins instead of top40 this kind of investment will not worth or you have to wait at least 1-2 years to get good gain. For instance look at rupee, it is very cheap now.

[azzza]

I like the low market cap idea with low investment and exponential gain .... but I guess you would need to kiss a lot of frogs before finding a prince   and just imagine tracking all the wallets and keys what a nightmare  

[coco23]

Just because a coin is under 1$ DOES NOT MEAN IT HAS ROOM TO GROW.

Yea, I don't think the "under $1" condition is needed. Just go for all coins in the top40 (or even top100) and you will follow the market quite nicely with a bit reduced risk.

[kumiskura]

that willl work if you do some research,experimental and financial.
there are a lot of top40 cryptocurrency that undervalued,
and even below top100 cryptocurrency that has not discovered yet by many people,
lately people only focusing with ICOs and something like that,but if we're smart enough we can see a lot of potential coin out there.
not only that even you can see a well known coin that undervalued right now,
DOGE coin for example,i believe it can hit 40 satoshi or even more in the coming months or year.

but for that kind of cryptocurrency you need to wait for a bit longer,
so it's your choice to do that or not

[Voice]

Just because a coin is under 1$ DOES NOT MEAN IT HAS ROOM TO GROW.

Look at ripple for example.

I agree absolutely 

Everything is important: history, graphs, team, present value, market cap (in order to estimate the potential growth), competitors, marketing, community feeling...
That's fascinating.

[alyssa85]

Back in 2014, some people did this - they put $100 into every alt that existed.

But they never came back to say whether this was a profitable strategy - I'm guessing that the long bear market of 2014 - 2016 destroyed all their profits.

It's not a bad strategy - it's similar to what venture capitalists do - scatter the money and hope that one investment makes it big enough to compensate for the rest. But you need nerves of steel and patience enough to wait out the bear markets.

[coiner495]

Investing in a pool of altcoins might be a good idea, since bitcoin dominance decreases constantly since the beginning of the year.

[wojak]

Lets say you invested in 50 coins 0.1 BTC each in 2016. if you lost 100% on 40 of them, 9 isn't changed, and 1 for example was NEO, you already have profit, NEO had 58x (if you sold it in semptember).
So you started with 5BTC and in the end you have 6.7BTC (40*0 + 9*0.1 + 1*5.8 )

It is unlikely that 40 coins that will loose if you are buying on dip. Some of them may have some nice profits. So it should work.

[WildJippy]

Here is a great example of that approach. 10$ invested in every top 100 coin at 1-1-2017. Guy made a profit of 12k. If only...
https://www.cryptocompare.com/portfolio-public/?id=43976

[alyssa85]

Here is a great example of that approach. 10$ invested in every top 100 coin at 1-1-2017. Guy made a profit of 12k. If only...
https://www.cryptocompare.com/portfolio-public/?id=43976

That's because he invested just before the big bull market took off when every coin got pumped.

If he had started his experiment in May, he'd be nursing losses on everything.