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Author Topic: One cent crypto coins  (Read 139 times)
Jet Cash
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September 07, 2018, 01:57:59 PM
 #1

I'm tempted to have a go at speculating on a few one cent crypto coins. If one chooses coins with interesting concepts and utility, and that have the semblance of an efficient structure, could one expect a success rate of better than 1 in 10?

In this thread, I'm not looking for members to spam coin suggestions, but I would like a discussion on the general concept of speculating in extremely low cost coins, and the points one should consider when evaluating them.
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The Pharmacist
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September 07, 2018, 02:01:14 PM
Merited by Jet Cash (2)
 #2

I wouldn't do it.  Some of those coins are cheap for a reason, i.e., no one wants them.  You have to look at whether there are any buy orders on the exchange you're looking at, what the trading volume is, etc.  It could easily happen that once you buy one of those coins you'll never be able to sell it.  Some of them are moribund and will never rise above 1 cent or 1 satoshi ever again.

On the other hand if you've got money to play with and can stand losing it, go for it.  You might get lucky, but I'm thinking you probably won't.

I'd buy no more than a dollar's worth of each coin to start with
Now even though I just said it's probably not worth it to buy any of these turds, I would say that IF you're going to do it you ought to buy more than $1 worth.  I'd probably buy $10 at least, but that's just me.  A coin would have to seriously skyrocket to make $1 turn into anything significant.  There are exchange fees to consider, and trading minimums too.  I'm not even sure if $10 would be too little for most exchanges.
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September 07, 2018, 02:09:27 PM
Merited by Jet Cash (2)
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I'd buy no more than a dollar's worth of each coin to start with (you can always go higher if one looks more interesting).
I'd take a look at how the coin is marketed and also it's receptoin here (if the creator has negative trust from a DT because the binary exectuables are laced with viruses, I'd say that's one reason to look away from it.

You could also look at how much their ICO made (if they used an escrow agent) or how much they paid for their domain name too.
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September 07, 2018, 05:08:04 PM
Merited by Jet Cash (5)
 #4

I'd be willing to bet that if you analyze the coins as you've mentioned for utility, structural efficiency, some implemented concept(s) that solves an existing problem and found them to be around 1-cent, that these coins will go up significantly. Certainly more than 1-in-10 coins, of the type you've described, will go beyond $0.01 in value, so long as their supply doesn't experience hyper-inflation or something else that would decimate the usefulness of the coin. You'd have to have that 1 coin out of 10 go up at least 10x in value, assuming the other coins flop, for this to be considered successful. More likely though, the other coins will move with the market in a corollary manner and you can expect profit on multiple fronts.

I know you're not looking for spam about specific coins, but even an algorithm like x16R being adopted by a coin that is otherwise benign gives it a huge leg up on a majority of alt-coins (long-term). You could run your own personal LoyceV-style investment game, using your own money (if preferred), following your criteria (with the help of the community, if needed) and keep a diary of your progress and process in the form of a thread. I'd say this would be a profitable endeavor, without hesitation or any reasonable doubt.

Personally, I wouldn't put more than $100 into a 1-cent coin, but I wouldn't put anything less than $10-$25 that I actually had faith in.
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September 08, 2018, 09:31:23 AM
 #5

You could run your own personal LoyceV-style investment game, using your own money (if preferred), following your criteria (with the help of the community, if needed) and keep a diary of your progress and process in the form of a thread. I'd say this would be a profitable endeavor, without hesitation or any reasonable doubt.


I like that idea. I need to sort myself out and do something like this. I might do the same thing with crypto related domain names.

I looked at LoyceV's thread, and the concept is good, but it seems to be a passive investment vehicle. Given the volatility of crypto currencies, I think one needs to monitor the performance of the alts. I don't like the idea of investing Bitcoin either. I would rather hold the Bitcoin, and maybe use the profits on the alts ( if any ) to increase my Bitcoin holding. I think it wiil also need to be discussed in a private forum, if one is postulating a possible investment. Individual holdings might be a better idea as well, especially as people may have different ideas.
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September 09, 2018, 06:52:37 AM
 #6

The Pharmacist is a good guy but he is a pessimist.

I would call it being a realist. For every ICO that gives 100x return, there are a thousand or more that will fail. Most of the altcoins that currently exist will fail.

The altcoin market is completely irrational at the moment. Shitcoins like BCH, EOS, TRON, XVG are worth billions of dollars. I agree there will still be an ICO or two that goes x100, but it will be impossible to predict those coins based on them having a good product or utility. It will be pure chance and speculation.
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September 09, 2018, 07:04:43 AM
 #7

Better to do that in a bull market, not right now, simply because the chances that you hit the jackpot in a bull market are much higher. Also, if I did that, I would buy more than just 1$, as The Pharmacist and Bill Gator say, always making sure that the total amount you spend in the different coins is something that you can afford to lose, and that you really don’t mind losing it at all.

The only way to get massive gains is to go for the low cap coins that can grow exponentially.  

That’s a good way to lose everything you bet, when those shitcoins go to zero.

I GUARANTEE we will still see coins do 100x-1000x again.

I’m hurrying up to buy shitcoins.

The point is which ones are going to do that.

For every ICO that gives 100x return, there are a thousand or more that will fail. Most of the altcoins that currently exist will fail.

The altcoin market is completely irrational at the moment. Shitcoins like BCH, EOS, TRON, XVG are worth billions of dollars. I agree there will still be an ICO or two that goes x100, but it will be impossible to predict those coins based on them having a good product or utility. It will be pure chance and speculation.

Totally agree. For me, that's similar to saying: I'm going to bet for one number in the roulette because I can get 35×. Yeah! But you always have less than 1 in 35 odds of hitting the number.

When you are betting, like in this case, it all comes down to the knowledge of the asset you are buying, and the market. The more you know about an asset and about the market, the more you are investing. The less you know, the more you are gambling. I would include here knowledge about investment strategies and choosing the best one for your personal situation depending on age, net worth, income, previous portfolio allocation, etc.

As for shitcoins in particular, it is better to do research and to chose the ones you believe have strong projects but you are still gambling because the market is highly volatile and speculative.



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September 09, 2018, 10:45:15 AM
 #8

1. Active development preferably from people with a track record in blocktech
2. Active community
3. Growing infrastructure (retailers accepting it, exchanges, use cases, support structure)
4. Coin count/total coins issued, I prefer hard caps but some inflationary coins are useful for speculation
5. Try to aim for high count low cap coins, but not at the expense of the other traits you are looking for. This means more risk but more reward potential.
6. Solid network protocol - technical and security aspects are solid
7. A unique use case utility

These are some of the primary things I look for in smaller cap coins.
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September 21, 2018, 02:30:20 PM
 #9

...
could one expect a success rate of better than 1 in 10?
...

One in ten is a huge chance of success in Venture Capital for such projects. Perhaps one of the first signs of having a competent team behind the coin, at least in marketing, is that the coin will not be undervalued.
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September 22, 2018, 02:47:40 AM
 #10

Better to do that in a bull market, not right now, simply because the chances that you hit the jackpot in a bull market are much higher.

That's right. However, some ICO are having success even in this bear market, such as Ontology.


In this thread, I'm not looking for members to spam coin suggestions, but I would like a discussion on the general concept of speculating in extremely low cost coins, and the points one should consider when evaluating them.

I saw an interesting classification few days ago in a video:

1 - Protocol coins
2 - Utility Tokens
3 - Security tokens

He said that protocol coins would be those such as Ethereum, NEO, Waves, Cardano, EOS... they are a plataform where it is possible to build  tokens on, such as Utility and Security Tokens.

He mentioned that utility tokens are coins that may have some use in the future, and they are delivering an especific service, such as BAT for example (an ERC20 token built inside a browser with an AdBlock that allows users to receive coins when watching ads).

THere are hundreds of utility tokens.

Utility tokens are double risky. If the plataform where they are build fail, the utility will also fail. So, thinking this way, protocol coins would be a safer bet (Eth, NEO, EOS, etc).

Security tokens I don't remember much from the video, but he said that they were coins which were backed by real world assets, and would be less risky than utility tokens. I don't remember an example now.

THere are some utility tokens that may go beyond their protocol, such as Oracles, for example. There are quite a few oracles out there.

I don't know how some coins like XRP fit in this model.

My portofolio is about 60-70% bitcoin, 25% protocol and 5-10% utility tokens.


I liked his model of classification and I think it can be useful.
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September 23, 2018, 04:24:10 PM
 #11

If the success rate really 1 in 10, i'm sure many people would invest their money like there's no tomorrow Tongue

IMO there's big dilemma in investing coins/token since advertising is the biggest reason for coin/token successfulness (at least on short term), not it's technology, usage or competent developer behind it. XVG is the prime example where it's follower totally blind, the developer is incompetent (can't even implement other's technology properly) and the price sometimes rise after critical attack.
On the other hand, it's difficult to find underrated coin/token with features that actually needed or can be used well. Coin with zerocoin protocol is the recent example.

Also, please don't look for coins based on it's price since supply cap and market cap play bigger roles.
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