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Author Topic: Why comparing cryptocurrency prices is wrong?  (Read 274 times)
gabmen
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September 27, 2018, 06:48:59 PM
 #21

I think at  500$, I should invest in altcoin with great potential top 1 on coinmarketcap. Because every electronic currency goes up from a very low price below $ 1$ is normal
People need to start understanding that money would not just come from anywhere and however it is, you will still have to be able to have a good product and a proper demand for you to have a sustainable value in the long run for any market. What people are looking for is to get rich overnight, and I am not saying investing in altcoin is bad, but rather than making the quantity of the coin you want to buy a priority, why not make sure that what you are buying is actually worth it.

Exactly. People tend to look at the short term value of a coin instead of it's potential use and application. A coin's true value will present itself in time so i wouldn't worry about the price of coins such as eth, since they're pretty well established already.

 
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September 30, 2018, 06:55:28 PM
 #22

I understand what you mean but most of the traders expert always ask us to find a coin that cheap but got potential, when we calculate profit, we are calculating about the percentage, not the rising value, and usually an expensive coin rising percentage is not too big compare to the cheap coin, and there is chance that people will buy bulk of cheap coins, and that could rise the price quickly
You really cannot say that because every coin still will always have potentials to increase in value in the long run and that totally depends on the supply anyway.
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September 30, 2018, 07:47:08 PM
 #23

supply and demand, also the number of people using that cryptocurrency greatly affects the value, also the number of individuals or businessess accepting that cryptocurrency as payment also contributes
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September 30, 2018, 07:48:23 PM
 #24

Some people don't know what coins have the potential to rise in the future, because there are too many coins that have been registered, so slowly people's interest is reduced a little, all you have to choose is of course the top 50 coins, that's because many people talk about it, right to choose coins with prices below $ 1, the potential for coins will determine future success.
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September 30, 2018, 08:36:23 PM
 #25

One can't compare cryptocurrency as a one to one ratio, the numbers or prices are not inter-convertible because the value of each coin is based on different factors.
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September 30, 2018, 08:47:14 PM
 #26

In my opinion this thought has relevance with psychology so, no matter how much the price and investment are, the gain goes up as much as the interest rate of price increases. Perhaps the number of the token causes to this behavior.
nidacoinlove
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September 30, 2018, 09:06:24 PM
 #27

Some people don't know what coins have the potential to rise in the future, because there are too many coins that have been registered, so slowly people's interest is reduced a little, all you have to choose is of course the top 50 coins, that's because many people talk about it, right to choose coins with prices below $ 1, the potential for coins will determine future success.
Top 50 or 100 is not always a smart choice. If someone can't go for the process to choose a coin for themselves to invest, with sorry but that person shouldn't be a part of this game. I have observed many coins that arise from the bottom to a very good rank. Being in the top rank is never a guarantee to a high profit. It's better to choose and evaluate potential coins in whatever the rank they may be.
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September 30, 2018, 09:17:03 PM
 #28

Because every electronic currency goes up from a very low price below $ 1$ is normal

Definitely not. Not all(and even probably majority) of all the coins/tokens aren't guaranteed to go up beyond $1, especially knowing there are tons of coins/tokens out there that has a HUGE circulating supply. Always take circulating supply into account.
These kind of idea or beliefs had already spread out or did already became a common thing for some people who are just new and someone who do hear about to other people investing on cheap coins and later on it pumped out.Its really possible but chances would really put you just like on doing gambling and a sort of luck will really be needed. Comparing prices cant really be avoided because as an investor we would always seek out on coins which we can utilize our money on hand.

R


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