Bonwin (OP)
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December 07, 2018, 09:59:47 PM |
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Buying a coin because it is cheap is not a wise thing to do, the reason being that you might not know what the lowest price could be. It is possible you buy and the price continues to fall. So instead of buying with the price in consideration, buy the value. A coin with value will have good products. A product that is needed by investors and those who would like to use it. Although, you might be fortunate to buy it at low price, which then increases your chances of having more profits.
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Denreal
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December 21, 2018, 01:44:41 PM |
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Price can sometimes be very deceptive, most especially now that the market is moving uptrend. Since bitcoin is dominant over most coins, even shit coins will also increase in dollar, but with time it will dump again. So it is better to go for a coin that has got good product, active team and a futuristic roadmap. Such coin can grow even if the price of bitcoin is not growing as supposed.
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taguig
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December 21, 2018, 01:54:01 PM |
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Buying a coin because it is cheap is not a wise thing to do, the reason being that you might not know what the lowest price could be. It is possible you buy and the price continues to fall. So instead of buying with the price in consideration, buy the value. A coin with value will have good products. A product that is needed by investors and those who would like to use it. Although, you might be fortunate to buy it at low price, which then increases your chances of having more profits.
A wise investor will not buy cheap coins just because it is cheap, they buy coin because of the platform and the support that they are getting from the community, only pump and dump group buy a cheap coin, because they will pump it in the future.
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maxamus
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December 21, 2018, 02:00:18 PM |
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Buying a coin because it is cheap is not a wise thing to do, the reason being that you might not know what the lowest price could be. It is possible you buy and the price continues to fall. So instead of buying with the price in consideration, buy the value. A coin with value will have good products. A product that is needed by investors and those who would like to use it. Although, you might be fortunate to buy it at low price, which then increases your chances of having more profits.
A wise investor will not buy cheap coins just because it is cheap, they buy coin because of the platform and the support that they are getting from the community, only pump and dump group buy a cheap coin, because they will pump it in the future. Obviously i agree on this. To be achieve good profit investor has to look on the quality and the platform on which the coin is built and how it is different from other coins and how it will achieve the expectation of people in the crypto market these are the few things to be verified before investing. cheap value coins will not going to give profit. Quality coin will give you profit and increase the price of coin if it is widely accepted in the crypto market.
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Bessta
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December 21, 2018, 02:10:52 PM |
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There are the so called hype coins. Where the coin only goes up for a while then it goes down really hard and does not recover. Some good speculators actually buy this coins at cheap price then dumps them right away at a high price and does not hold any longer. There is still a strategy behind this.
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karagun125
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December 21, 2018, 02:13:44 PM |
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As a conclusion to what you've said, i think that some of what you have said are correct. And a wise investors should not buy cheap coins without further investigating about what he bought. It is nicer to buy potential coins that are good in future investments.
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diouf67
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December 21, 2018, 02:16:31 PM |
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Buying something because it has a low price is a measure of value but not a very good one. There are much better ways to identify coins with potential to grow. I remember during the bubble last year that almost within a week all well known alt-coins under 100 Satoshi's pumped hugely, I assume as new money was trying to find projects that could be the next bitcoin in terms of growth. What they neglected to consider is marketcap and the underlying project.
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abake
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December 21, 2018, 02:16:48 PM |
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I strongly agree with this phrase, buy value and not price. Many people follow the crowd to buy in when they thing a coin or token is cheap, especially those with very large total supply. We should buy because we've seen that the project is great, not because of cheap price. Some devs will still dump hard when they notice price spark, leading to a sharp dump. Let's be wise.
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Sanford
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December 21, 2018, 02:17:33 PM |
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Of course, this is exactly the mechanics of the market that attracts investors. Capital increase several times, on a good product. I think large investors get a lot from the market.
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capcaypro
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December 21, 2018, 02:53:13 PM |
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Buying a coin because it is cheap is not a wise thing to do, the reason being that you might not know what the lowest price could be. It is possible you buy and the price continues to fall. So instead of buying with the price in consideration, buy the value. A coin with value will have good products. A product that is needed by investors and those who would like to use it. Although, you might be fortunate to buy it at low price, which then increases your chances of having more profits.
In fact, I see it as an advantage to get quality coins that have a good platform at a cheap price, because high-quality coins with good platform will increase the price again in the future.
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kingzpro
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December 21, 2018, 03:23:41 PM |
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You are very right but unfortunately people still are attracted to fake shiny projects which does not have competent team and no practical products just promises of products and returns, i have been advocating this basic things to everyone in my circle to only invest in practical projects with serious use cases and talented team otherwise you are just dumping your money, i hope everyone will learn from the past mistakes including me.
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DGulari
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December 21, 2018, 03:27:20 PM |
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Then i will ask you, how can we determine the value of coin/token? It make sense if you are talking stock or bond
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SwiggHeart
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December 21, 2018, 03:31:50 PM |
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You are a little bit true about it but I think if we buy the value it means we also buy the risks. If there are so many values they can also get up and get down incredibly.
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casperBGD
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December 21, 2018, 03:32:32 PM |
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Then i will ask you, how can we determine the value of coin/token? It make sense if you are talking stock or bond
but it is the same, you analyse project behind it, and usefulness of the coin/token in real world, and possibility for wide acceptance of the project, because general acceptance will draw value up
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Ranly123
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December 21, 2018, 03:34:24 PM |
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Buying a coin because it is cheap is not a wise thing to do, the reason being that you might not know what the lowest price could be. It is possible you buy and the price continues to fall. So instead of buying with the price in consideration, buy the value. A coin with value will have good products. A product that is needed by investors and those who would like to use it. Although, you might be fortunate to buy it at low price, which then increases your chances of having more profits.
Even if the product is useful but the price is too high, then it is not worth to buy and invest. Remember to always look for the volume and not the value always if you don't want to loss your investments.
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candra raditya
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December 21, 2018, 03:36:46 PM |
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I think we have to examine the coin before buying, and if the coin has the potential and there is a solid team behind it, then buying at a low price will be a profitable opportunity in the future.
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VasilyS
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December 21, 2018, 03:44:08 PM |
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I agree with you. Often the price does not match the content. If some kind of token only appears, then it is very easy to manipulate its price and make an artificial pump with a small amount. It is better to focus on the value and future of the project, but this is not so easy to do.
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Benarand
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December 21, 2018, 03:50:27 PM |
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Many are not chasing after quality but quantity. A valuable coin will cost more, respectively, it will be the demand in the market.
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Script3d
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December 21, 2018, 03:52:01 PM |
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Buying a coin because it is cheap is not a wise thing to do, the reason being that you might not know what the lowest price could be. It is possible you buy and the price continues to fall. So instead of buying with the price in consideration, buy the value. A coin with value will have good products. A product that is needed by investors and those who would like to use it. Although, you might be fortunate to buy it at low price, which then increases your chances of having more profits.
Even if the product is useful but the price is too high, then it is not worth to buy and invest. Remember to always look for the volume and not the value always if you don't want to loss your investments. yeah, you might end up losing alot if the price is decreasing alot and this just doesn't happen in cryptocurrency alone stock market also, better to find a better coin that have value but lower price, it's also good if you find a coin that is growing.
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suride212
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December 21, 2018, 04:06:39 PM |
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something we really need to understand when buying coins when prices go up or low. We have our own way and confidence in investing to get a bigger profit, I agree with the statement above that high and low altcoin prices reflect their quality. ok, we will definitely prefer to buy when cheap prices to take large profits when the market goes up, but need more understanding of the coin philosophy.
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