Do you invest in micro cap altcoins?

[Jackl87]

I have Bitcoin and Ethererum and a few other top 20 cryptos but looking at adding a few micro cap altcoins in the hope one or two 100x or more over the next few years.
Be interesting to hear who is for and against micro cap altcoins?
If you own any what is your plan with them and if not why do you not believe in them?

I don't have any micro cap projects in my radar that are already tradeable. I am part of a few telegram groups though that let you invest into the private sale roudns of new and upcoming projects and it seems like magicsquare is a pretty good new and upcoming project. It already received funding from BinanceLabs, Kucoin, Huobi and others. As far as i know the TGE of magicsquare is planned for Q1 of 2023. So once that is tradeable i will try to snatch some tokens there.
Also always keep in mind that with such new and small projects you have the chance of a x100 of your investment but you also have the chance for a total loss of your investment and i would say that the cances that you lose your investment are even way higher.

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[TheUltraElite]

The less the capital involved more is the chance of seeing artificially made pump and dump on that asset. Hence it is better to keep the coins safe in the top 10 list than go with such altcoins.

Even then you can try your hand on shitcoins but the general opinion regarding them is negative because of what I said above. Whales who own such coins, promote them and dump it on some newbie who gets the handicap and pulls it through unable to sell it anywhere.

Trust me it is not a fun thing. But who knows maybe you can find the needle in the haystack and make loads of money.

[abel1337]

If you own any what is your plan with them and if not why do you not believe in them?

Coins with low capitalization have always attracted me, because the prospect of earning on them is very high. Such coins are quite capable to give growth in 100 and even in 1000 times, but it is not easy to find such coins. Of course, there are big risks here, the invested money can be lost very easily and you need a special approach to selection and search. 

Yep the risk is so high and there are a lot of people gamble their money for these low capitalization coins hoping that they can get massive profits from it. Diversification is the key in these profitable strategy. These have been proven on the last bull run where it created many millionaires by having low cap coins. I remember LUNA was one of those low cap coins before and I'm sure there are few people who bagged that coin and happen to be a millionaire or billionaire at the time of the price peak.

[mdzahed134]

Did you mean lower cap cryptocurrency? I think it's very difficult to increase your investment 100x by micro cap coins in a few years holding, definitely it will highly risk investment, because i'm experienced with several such coins, those already dead within two years. some coins are delisted from binance and another major exchanges, so that project is collapsed and i don’t believe those will come back in the market.

[Lagduf]

If you own any what is your plan with them and if not why do you not believe in them?

Coins with low capitalization have always attracted me, because the prospect of earning on them is very high. Such coins are quite capable to give growth in 100 and even in 1000 times, but it is not easy to find such coins. Of course, there are big risks here, the invested money can be lost very easily and you need a special approach to selection and search. 

I think that you must mention even with low capital and you can also have possibility to get huge returns. People mainly picking micro cap caused by they have seen how big potential that can be given by micro cap coins compared with major coins.
I think that these days people still prefer to take micro cap rather than big cap as their investment.