reactorjuno (OP)
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January 01, 2019, 01:21:42 PM |
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Hi folks, this seems like a trivial thread but I was reading this today > https://steemit.com/cryptocurrency/@thecrytotrader/5-cryptocurrencies-which-are-more-expensive-then-bitcointhis was published one year ago. For example, the coin named 42-coin is by far the most expensive (at the time of the article it was above $50,000, right now it is still well above $15,000 per coin). I know market capitalization matters much more than the actual price, but just curious, do you ever consider the actual price of the coin before buying? I mean what motivates people to buy these very expensive coins? Any constructive opinion welcome. |
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EscrowService28
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“The World's 1st Waste to Green Energy DLT Project
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February 18, 2019, 04:22:33 AM |
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Hi folks, this seems like a trivial thread but I was reading this today > https://steemit.com/cryptocurrency/@thecrytotrader/5-cryptocurrencies-which-are-more-expensive-then-bitcointhis was published one year ago. For example, the coin named 42-coin is by far the most expensive (at the time of the article it was above $50,000, right now it is still well above $15,000 per coin). I know market capitalization matters much more than the actual price, but just curious, do you ever consider the actual price of the coin before buying? I mean what motivates people to buy these very expensive coins? Any constructive opinion welcome. There are many reasons why people are motivated to buy these expensive coins. But I guess these traders have developed their own trading strategy regarding buying and selling of these expensive coins. They have conducted researches from the news and few articles because if they buy these coins with no definite research, it will cause them a lot of money. Many rumors will circulate but about its prices and these might want them to trade these coins with the fear of missing out. They have analyzed well that they dont give in to FOMO and FUD. Also, they keep an evaluative perspective on the data provided on the news if it is validated, or might be a biased news. An "emotional" trader will have no room for trading of expensive coins. Using their emotions on buying these expensive coins, rather their trading analyses will definitely cause them a lot of money. The bottomline here is that you should be a wise trader, you need to get all the information you need and arm yourself before starting and diving into the market. |
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upsidedown75
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February 18, 2019, 03:54:19 PM |
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First of all "most expensive coin" is never really important to people while they are investing. The smart people look at the market capital just like how they should and amateur ones try to go for the cheap coins because "it can go to 2 satoshi and profit them 100%" while in reality it can divide even more and create more coins which could drop the price even more.
So instead of looking for an answer to " do you care if it is the most expensive coin" which people clearly don't we can look at if people care if the price is little. Now, there is etheruem pairing and it gets more famous people started to even go for cheap coins that are paired with ethereum so they could profit more from cheap coins. However, in reality the only thing that matters is the marketcap and nothing else.
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a4illusionist
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February 18, 2019, 03:57:56 PM |
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For me, the most valuable coins are bitcoin and ethereum. Despite their price they are much more valuable, stable and reliable to invest in rather then investing in some unknown coin which has no strong base.
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Kirito-kun
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April 01, 2019, 01:21:57 PM
Last edit: April 01, 2019, 01:32:03 PM by Kirito-kun |
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The prices of crypto wouldn't do much good if the coin itself is having difficulty to adapt with the changes in the market. Being popular is what makes people to buy crypto regardless of the prices. Popularity itself when maintained, can keep the coin existing and kicking in the market.
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Suguha
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April 01, 2019, 01:33:14 PM |
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The prices of crypto wouldn't do much good if the coin itself is having difficulty to adapt with the changes in the market. Being popular is what makes people to buy crypto regardless of the prices. Popularity itself when maintained, can keep the coin existing and kicking in the market.
True. Even though BTC prices decreased tremendously, people are still buying and using it. I also don't think it is about the price of the coin, it be about the use of it. |
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Bangjull
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April 01, 2019, 01:52:15 PM |
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If I think you have a new coin that I will not sell first because the price will still go down because it is still new if you want to wait until the price goes up and sell, but it takes a lot of time, be patient to get a huge profit when we get his opinion, but must accept the risk of wanting a profit or loss
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YuginKadoya
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April 01, 2019, 02:07:18 PM |
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Well two of the coin is not available in the Coinmarketcap right now there might be something that happens with it well I don't know, And I don't really know that something like this exists but even though these coins had the most expensive price they are not really well know nor popular It will surely need a little exposure, Or these coins are backing up by someone but it appears that bitcoin is still number one and it is still good to invest in cheap coins that can make you a percentage increase when the market progress.
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Kirito-kun
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April 01, 2019, 02:11:09 PM |
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The prices of crypto wouldn't do much good if the coin itself is having difficulty to adapt with the changes in the market. Being popular is what makes people to buy crypto regardless of the prices. Popularity itself when maintained, can keep the coin existing and kicking in the market.
True. Even though BTC prices decreased tremendously, people are still buying and using it. I also don't think it is about the price of the coin, it be about the use of it. Being the most expensive coin, doesn't always ring a bell for potential investor. Most investors look for the cheap coins that has a great potential to mature. And to mature, popularity of the coin plays an important role. There are a lot of ways to boost popularity like events that can catch people's attention. It is really exciting to participate in those events because the prizes are really cool and worth the time. Just like the investing tournament of Bitrus that has awesome prizes that awaits us. |
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cupruri
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April 01, 2019, 05:59:42 PM |
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The only thing that matters is the product behind this coin, but unfortunately the market does not follow such rules. The more hype, trading volume and supporters the project has, the better is the price of their coin.
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nreal
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arcs-chain.com
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April 01, 2019, 06:13:00 PM |
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Look at its daily trading volume, you will see very few people interested in it, although there are times when the price of one currency is up to nearly 150k$
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Tungsten-1
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April 01, 2019, 06:32:57 PM |
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yeah right the price is kicking with mass adoption of the coin which gains high popularity in market, it is new era where many altcoins has become part of the market and I have faith on few of them just like bitcoin, EHT and ripple are best coin at the moment, but I am sure later on in future price of these coins will be highly expensive.
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Adriano2010
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April 01, 2019, 06:59:38 PM |
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I think most of this expensive coins are so expensive because they are very limited supply, i see coins that have just 1... Coin supply and this can be one of reason for this high price.
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mrdeposit
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April 01, 2019, 07:55:10 PM |
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Look at its daily trading volume, you will see very few people interested in it, although there are times when the price of one currency is up to nearly 150k$
As far as I know, these coins were created by private companies for facilitating their transactions and they are far from the crypto market, so, they are not affected by what is on the market. |
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Ifychuks
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April 01, 2019, 08:07:58 PM |
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Is there actually a coin higher in price than Bitcoin? Am just getting to have a knowledge of this.. Wow, I love this forum. So much to learn here.
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bigcash2011
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April 01, 2019, 08:13:06 PM |
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I do not think such coins are legit, if they would have been legit projects then we should have known them and they would have sufficient trading volumes so these kind of coins seems personal sort of coins with supply of only 1 to a few and are usually traded in decimal units but personally i would not go near such coins.
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tabas
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April 01, 2019, 09:51:38 PM |
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I think most of this expensive coins are so expensive because they are very limited supply, i see coins that have just 1... Coin supply and this can be one of reason for this high price.
They are expensive because they are expensive. Apply the law of supply and demand but every coin that has lesser supply is too expensive. |
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IVEXO
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April 01, 2019, 09:54:59 PM |
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Hi folks, this seems like a trivial thread but I was reading this today > https://steemit.com/cryptocurrency/@thecrytotrader/5-cryptocurrencies-which-are-more-expensive-then-bitcointhis was published one year ago. For example, the coin named 42-coin is by far the most expensive (at the time of the article it was above $50,000, right now it is still well above $15,000 per coin). I know market capitalization matters much more than the actual price, but just curious, do you ever consider the actual price of the coin before buying? I mean what motivates people to buy these very expensive coins? Any constructive opinion welcome. Maybe because of low capital; but I do not consider the high prices Coins with high prices are good they can give you 1-2% instant profit on day trading But when it comes to doing it cheap and smart; projects with good product and of low prices are the best fits; such can do 10x or 1000x |
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klaaas
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April 01, 2019, 10:05:48 PM |
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Where there is not much spread in the owners of a coin and they are not willing or cant sell the value can be tremendous on the initial price.
It is one of the ways a coin could have a high value on paper.
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fasdorcas
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April 03, 2019, 06:57:27 AM |
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Hi folks, this seems like a trivial thread but I was reading this today > https://steemit.com/cryptocurrency/@thecrytotrader/5-cryptocurrencies-which-are-more-expensive-then-bitcointhis was published one year ago. For example, the coin named 42-coin is by far the most expensive (at the time of the article it was above $50,000, right now it is still well above $15,000 per coin). I know market capitalization matters much more than the actual price, but just curious, do you ever consider the actual price of the coin before buying? I mean what motivates people to buy these very expensive coins? Any constructive opinion welcome. We have so many coin in the market that are very much expensive and I don't see any reason why people actually make purchase of this coin. Because, most of this coin don't have a real life value to the crypto community and I can be very sure that they might not be an increase in the price of that coin anymore since it has gotten to the pick it can get, maybe there is a ways they make profit from this coins, or this coins are owned by whales in the crypto space who has a lot of money and don't know what to do with it. |
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