Cheap Altcoins Theory

[loreRex]

The very recent spikes in many currencies made me think, and I've come up with an hypothesis.

First, let's have a look at some of the currencies that spiked (I'm focusing on medium-high market cap coins):

-Ripple
-NEM
-Cardano
-Stellar
-TRON
-VERGE

Some are old, some are very recent. Some are payment systems, some smart contract platforms.
So, do these currencies have something in common?

They are (or were) sub-dollar coins!!!
My theory is that a lot of newcomers doesn't know about basic things as the fact that crypto can be bought in fractions, like 0.1 BTC. And on top of this they just look at how much a coin cost, without looking at the total supply.
I hope so much to be wrong, what do you think about it?

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[SilverCoin300]

All these coins also have huge supplies. People just buying them because there cheap. I would say it is not sustainable, but look at tron. It went from 1 cent to 20 cent.

[AidenCasanova]

The very recent spikes in many currencies made me think, and I've come up with an hypothesis.

First, let's have a look at some of the currencies that spiked (I'm focusing on medium-high market cap coins):

-Ripple
-NEM
-Cardano
-Stellar
-TRON
-VERGE

Some are old, some are very recent. Some are payment systems, some smart contract platforms.
So, do these currencies have something in common?

They are (or were) sub-dollar coins!!!
My theory is that a lot of newcomers doesn't know about basic things as the fact that crypto can be bought in fractions, like 0.1 BTC. And on top of this they just look at how much a coin cost, without looking at the total supply.
I hope so much to be wrong, what do you think about it?

actually i think many investor looking for cheap coin but have some value to grow more
just look at their roadmap, such as listing, update value, etc
this news is good trigger to attract more investor to buy more at higher price
just pump it until it reach certain price while waiting at next roadmap, they will withdraw their money into another cheap but good coin..
repeat again and the rich will be more richer

[modtakels]

The very recent spikes in many currencies made me think, and I've come up with an hypothesis.

First, let's have a look at some of the currencies that spiked (I'm focusing on medium-high market cap coins):

-Ripple
-NEM
-Cardano
-Stellar
-TRON
-VERGE

Some are old, some are very recent. Some are payment systems, some smart contract platforms.
So, do these currencies have something in common?

They are (or were) sub-dollar coins!!!
My theory is that a lot of newcomers doesn't know about basic things as the fact that crypto can be bought in fractions, like 0.1 BTC. And on top of this they just look at how much a coin cost, without looking at the total supply.
I hope so much to be wrong, what do you think about it?

NEM? and XRP is i only think is a good investment,XRP is a centralized coin that could destroy our community if it will beat BTC's price,NEM? an old coin that has lack of advertisement.

[wantjokull]

Yes these coins have really made us to think about the concept of crypto's in different ways. We can clearly see which coins are getting spiked these days. As you have mentioned the common thing about them is they are payment system or smart contracts with similarity in the working nature. This has now become clear that projects which are uncommon are not hyped a lot because people don't really need them or may be the utility is not being produced though them. XRP being great transactor with speed of 3 seconds per block confirmation was supposed to get spiked one day once the approval comes from banks. With the great announcement recently it has started growing like crazy. We can see XRP growing to all new heights real soon. I mean it could be 100 USD or more in few months and no one can disagree on this front. So yeah its great to know how these cheapness has converted many of us into richness. :-)

[eaglewhite80]

I am not surprised and what most of them are looking for is just quantity with the hope that the fact that most of them are not up to a dollar and there is possibility that they can climb up in value like bitcoin later on, they will get a lot from it while forgetting that bitcoin will not even remain stagnant. I am also trying to imagine the look on their faces on what would happen to some of those alts if bitcoin regain dominance if the scaling issue finally gets resolved. It is going to be epic.

[SrEasts]

I believe that it's proven that altcoins can make u just so much money in a short amount of time... People started realizing that these sub dollar coins have just some crazy increases, i mean, tron just had like 30x increase, there's just so much more potential to make money from that than from just holding bitcoin since its just so expensive for many people...

[Jamesbob16]

Such a wonderful list to be rich ! If someone buy those coins and hold them minimum for 5-6 month then he will be rich for sure. But I have a doubt About Verge. I sold them because i heard Verge will down badly. But except this all coins has a great future. Good luck every holders.

[loreRex]

I believe that it's proven that altcoins can make u just so much money in a short amount of time... People started realizing that these sub dollar coins have just some crazy increases, i mean, tron just had like 30x increase, there's just so much more potential to make money from that than from just holding bitcoin since its just so expensive for many people...

But the reasoning is flawed!!! Dollar value doesn't mean anything, it's just psychological. Some of these coins are in a real bubble, not BTC, not ETH, not LTC.

[Svelto]

I agreed that altcoin with less than $1 is attractive to certain Traders. While the price is cheap, buying $50 to $100 can get you a large number of coin. Just hold and forget about it, the price is easy to multiply.

[gazilla]

There was a time not to long ago when I though the total supply of the coin affects its price, however the recent events have changed my mind, as we have coins that are in Billions yet had an increase of 500-1000%

[moinul018]

I second to that. Aside from having wrong knowledge about fractional coin purchasing, most of them look at the price and buy the ones which are very cheap. Especially, it started to happen when the total market cap exceeded 300B.
Its like a learning curve, newcomers will eventually learn and come back to the basics.

[yareklamator]

An interesting theory. Yes, maybe you are right. But ordinary people do not make up the bulk of investors in the crypto world.

[danherbias07]

Yes, you are correct.
That is what I am looking at every time I see one token or coin spikes.
The supply. Some of this coin have a lot of supply and that is where we should be careful with.
Yes they are cheap and you can buy a lot of it. But what about when someone who have a large portion of it suddenly dumps? That will be an ouch.
It is really good to see them going up but we should also prepare for what comes after this.

[JohnDavid]

I think that XRP has a clear future. Who can predict the price in 2018

[herurist]

The very recent spikes in many currencies made me think, and I've come up with an hypothesis.

First, let's have a look at some of the currencies that spiked (I'm focusing on medium-high market cap coins):

-Ripple
-NEM
-Cardano
-Stellar
-TRON
-VERGE

Some are old, some are very recent. Some are payment systems, some smart contract platforms.
So, do these currencies have something in common?

They are (or were) sub-dollar coins!!!
My theory is that a lot of newcomers doesn't know about basic things as the fact that crypto can be bought in fractions, like 0.1 BTC. And on top of this they just look at how much a coin cost, without looking at the total supply.
I hope so much to be wrong, what do you think about it?

I agree with your post, specially about coins list. If I can say that coin has future because until now has supply, demand and sometimes news. Others only follow and some coin become scam ( has no value ). From your post, I decides to invest with coin on your list. Already see their price & volume history, looks good for me. Thank you very much.

[pedrog]

Well, if so, dogecoin gonna pump to the moon.

much profit

[mdgabrielzim]

This is something that is out of control, coins with a gigantic supply at a very high price. Not to mention that in the case of the XRP it is totally out of the proposal of the altcoins / bitcoin that is the decentralization of money: 1 why it was made for the banks; 2 a lot of fog around the project; 3 is not mining and something that is easily manipulated by its creators.

[loreRex]

I'm not the only one thinking this:

https://www.coindesk.com/weathering-altcoin-shitstorm-investing-next-one/