Question about cheap coins under 1$ need to ask how to make profit

[Odohu]

This was the route I followed and end up with a huge bag if shitcoins that I regret ever having. I will not advice any newbies to pay attention to posts like this because the price of any coin does not matter, a good coin will give profits while a bad coin will give pains in the form of losses. I have chosen to remain mainly with Bitcoin which I know is not going to die and leave me with nothing,  it is better for me to build my money over time than to rush and enter into problems chasing huge profits.

[tygeade]

This was the route I followed and end up with a huge bag if shitcoins that I regret ever having. I will not advice any newbies to pay attention to posts like this because the price of any coin does not matter, a good coin will give profits while a bad coin will give pains in the form of losses. I have chosen to remain mainly with Bitcoin which I know is not going to die and leave me with nothing,  it is better for me to build my money over time than to rush and enter into problems chasing huge profits.

Honestly, you shouldn't really feel that much bad about it because there are way too many people who did the same thing as well. I understand the feeling and why that feels like that to you but in the end we are talking about a situation where we can see what goes wrong and that's the most important fact.

I get that it may feel like you are in a situation where things may not look awesome for you, but in the end if you could make something change and invest properly now, instead of making mistakes like that time, this would mean that you have grown. That's the most important thing, learning from your mistakes and growing as an investor, if you do that then you are going to keep getting better and make more profit.

[SOKO-DEKE]

So is that logic works ?
You buy any coin under 1$ like price 0.00003$ and you wait just when it's 1$ you sell cash out profits and move on next cheap coins and invest and sell again.

It is very hard to see a coin with a price of $0.00003 hit $1. I don’t think it’s even possible in the crypto industry nowadays because there are millions of projects in the cryptocurrency space. With that in mind, I don't think investors will concentrate enough to invest heavily in just one project.

If it is possible for a coin with four zeros to hit $1, it will only be one or two projects out of thousands with many zeros. Back then, projects with many zeros did hit $1, but recently, I have not come across any.

What is important is that if someone wants to invest in a coin, they should focus on coins backed by good developers, not just those with many zeros. Otherwise, they risk ending up in scam projects.Yes, it true that some people are making thousands of dollars from meme coin projects, but I feel those people are often part of the project team. It’s very risky to invest in meme coins

[South Park]

So is that logic works ?
You buy any coin under 1$ like price 0.00003$ and you wait just when it's 1$ you sell cash out profits and move on next cheap coins and invest and sell again.
The problem is i been doing that many coins we been told that If we buy cheap then we sell higher price but it don't work i been buying and waiting price just not going up ?
So is that method works anymore ? Why we don't see that coins not going higher ? Usually how long we should wait ?

This does not work because it is not really a legitimate investment method, you are investing in a coin solely based on its price and not on the quality of the project itself, which is by far the most important aspect, so I am not surprised at all that you have not gotten any benefits from this practice, besides just because a coin has a cheap price that does not mean that it can go up in value by such a huge margin, since its market cap could be huge already and shiba inu is a good example of what I am talking about.

[l99l]

This doesn't work because there is no logic to it. It's not the price of a token, it's its market cap, partnerships, community, and many other things.
There have been tokens that are priced well above $1, and there will be more.
In general, there are Meme coins, which are the tokens with lots of zeros that you mentioned, and it's hard for people to go up and down in Memes.

[Coyster]

You can't just buy any cheap coin and think it will definitely rise above $1 if you hodl it, that is not a strategy if you ask me; you are just gambling. I call it gambling because you might just get lucky or you could do it and never get lucky. Instead of wasting your money doing this, why not just buy better coins, like bitcoin, you can accumulate using DCA, you don't have to buy in one lump sum and before you know it you are building a portfolio.

[Webetcoins]

This doesn't work because there is no logic to it. It's not the price of a token, it's its market cap, partnerships, community, and many other things.
There have been tokens that are priced well above $1, and there will be more.
In general, there are Meme coins, which are the tokens with lots of zeros that you mentioned, and it's hard for people to go up and down in Memes.

Mostly peoples those are involved into crypto world for long time they understand positive and negatives of these things but due to recent hype which is coming through social media we have many peoples those love to take this gamble and enjoy even they understand consequences but still trying and jumping into these meme coins which can give them huge loses but also have few chances of jumping into good way which give them profit as well.

Recently we have few trends which are working as after investing in meme coin someone have huge profit things like these give motivation to newbies, and they also try for their luck even we all know about things like these but peoples still going through and losing their money which needs to stop, but we can't help them.

[M47AK16]

Except monero and bitcoin, i don't have such dumb long list of those fartcoins in my wallet, or nor in under my pipeline or will buy in any case.

You mean aside from Monero and BTC? Because these coins are not that bad to be ignored, especially if we are into anonymity or privacy. Yeah, there is no point of having a long list of coins, especially if most of them are just a shit.

If you think you can make money buying such coin which currently trading at digit after four/five zeros then you can go with it but don't except such sweet result at end and also don't be surprised if it ends up being a gamble rather than kinda wiseful investment because it is built only to pull off some money with zero utility in real world from people like you or same kinda mentality who lotta much hopium in.

He thinks he can make money, then this is the same as expecting a nice result. Investing, much more trading are really like a gamble because they involve risk and their risk can grow if we pick up a new and shitty coin.

So is that logic works ?

No, Seems hopium word is more suitable in this case rather writing logic, op.

Lol. Not sure if who among you is the addict here but it really can be called as a logic. It does make sense, we only need to choose wisely though. There are still cheap coins out there that are not a shit as what others think of.

Honestly I was planning to invest with altcoins because bitcoin seems too costly for me but now I get some idea how risky new altcoins are. Even bitcoin is trading around $100k level, it will not lead to be broken but altcoins may do. Even I will be investing some $50 or $100, I must invest in bitcoin for same amount. But before I was thinking like I must need big money for bitcoin but now I realize even for small money also we can choose bitcoin.

[Accardo]

Finding an altcoin at that rate that'll hit $1 would be difficult, that doesn't mean some of them don't pump, but it could take a very long time. Though most of them end up becoming dusts as investors take away their funds. So, it's not advisable to go after low level altcoins with no future potentials. Unless you belong to the project's community on social media and is sure of the team's effort to lift up the coin by fetching investors, then holding it for a longer moment would be preferable, and beneficial.

[itorai]

Finding an altcoin at that rate that'll hit $1 would be difficult, that doesn't mean some of them don't pump, but it could take a very long time. Though most of them end up becoming dusts as investors take away their funds. So, it's not advisable to go after low level altcoins with no future potentials. Unless you belong to the project's community on social media and is sure of the team's effort to lift up the coin by fetching investors, then holding it for a longer moment would be preferable, and beneficial.

from the beginning of altcoin for $1 it is difficult to achieve it, although to get results from it you need to see the market situation first, but I think investors see it all and they will start to enter it of course it takes patience to wait for it to get something expected, but it is an interesting choice even though development continues and there is potential for increase prices in the future.

[mich]

Well we must remember a coin under $1 does not mean we will always make big profits from it. And just because it is under $1 does not mean it will reach price point of $1 for us to earn big gains.
I do think today it is much harder for us to find these kinds of alt coins. I do think it was alot easier for us to do it in the days when there was alot of ico projects.
Now there is too many scams and 'rug pulls' for me to invest in a new cheap token like this. I think if you want to make big profit in alt coins you can just buy and hodl the tokens with a big marketcap.

[jcojci]

Well we must remember a coin under $1 does not mean we will always make big profits from it. And just because it is under $1 does not mean it will reach price point of $1 for us to earn big gains.
I do think today it is much harder for us to find these kinds of alt coins. I do think it was alot easier for us to do it in the days when there was alot of ico projects.
Now there is too many scams and 'rug pulls' for me to invest in a new cheap token like this. I think if you want to make big profit in alt coins you can just buy and hodl the tokens with a big marketcap.

With so many coins under $1 now, that will be very difficult to find the potential coins. You may get a wrong coins that will makes you holds for a long time without knowing if that coin can increase or will still stay at that price. Maybe you can select the coin under $1 that listed in top 25 coins. So you will not confuse to analyze the coins because you don't have a big list of coins to analyze.

But that will not always guarantee because we know that any coin can increase suddenly without any reason. That is why we must be careful when choosing the coin because many scams project that will make you lose your money.

[markm]

Maybe try the "small scale experiment" mentioned at https://peakd.com/galactic-milieu/@a-r-crypto/small-scale-experiment-is-going-well-

Basically a few people worked it, the idea was to spend 1 to 3 lumens on each of 1 to 3 tokens every 1 to 3 days.

Back then lumens were probably only worth 9 or 10 USD cents or so, recently they went up.

New Roman Denarius (NRD) and CZech Bits (CZB) seemed to work particularly well as those happened to be ones that didn't have any "dumpers" trying to trash their price.

You should however watch out for the calculated values, since for example NRD did so well that when Lumens recently jumped to 4 or 5 or more times their previous value that drove NRD's spot market price up above its calculated value so the Romans took the opportunity to consolidate their buy-side, making it stronger but making it not exceed the calculated value as much as it had been doing.

This small scale experiment would work much better of course with more people participating; the Stellar platform is still fairly new to players so not really many of them have yet even bothered to set themselves up with Stellar wallets.

As the linked post and a later followup post describe it was like gaining an instant 30% on each new input of Lumens!


-MarkM-

[bitgolden]

It's really so simple and yet everyone has already answered it a million times, this isn't even the first topic like this, we have seen so many like this, we have seen so many people thinking that only if the price reaches 1 dollar type of ideas and yet whenever we explain why that's impossible, we see another person ask it, we can't really reach everyone.

So it is going to be asked again, this isn't the last time we are seeing something like this, we are going to end up seeing stuff like this for a while longer without a doubt. It's fine though, there will always be newbies who do not understand what market capitalization means and why that is important, they are newbies, they have a right to not understanding from the first moments.

[Jegileman]

You have gotten the wrong idea of how buying of altcoins are. It doesn’t matter the price of the coin when buying, what matters most is the demand for the coin in the long run. Mostly, when you check out that the market cap of a coin to be relatively low, there is high possibility that the coin will do well in the long run when the demand for it increases. The impression you have about buying coins and gaining profit is wrong, so you should have a more knowledge about it before jumping into it and always limit your expectations even when you see one with low market cap coin and bought early.

[taufik123]

You can't just buy any cheap coin and think it will definitely rise above $1 if you hodl it, that is not a strategy if you ask me; you are just gambling. I call it gambling because you might just get lucky or you could do it and never get lucky. Instead of wasting your money doing this, why not just buy better coins, like bitcoin, you can accumulate using DCA, you don't have to buy in one lump sum and before you know it you are building a portfolio.

More people are just gambling by buying new memecoins, and they don't even know who the developers are, what the community is like and what the goals of the memecoin project are. At first, it may go up and look good, but then it will just be thrown away and just become an abandoned memecoin, or it can be called a rugpull.

I also once stuck in a situation where I just bought without doing my research, and it was like gambling.
Wasting money on a memecoin project whose origin and purpose are unclear.

However, some well-built memecoins, with clear developers and useful and innovative utility, can be gems that provide great profits,
but it is very rare that such coins are available.

and the last option to avoid getting into that obscure memecoin is to buy Bitcoin and the top altcoins and do a DCA when the price drops or consolidates, the important thing of all of that is Research.

[albon]

and the last option to avoid getting into that obscure memecoin is to buy Bitcoin and the top altcoins and do a DCA when the price drops or consolidates, the important thing of all of that is Research.

The last option is the safest, in my opinion. Honestly, the price of the coin you want to buy doesn't matter much at first, but focusing on the core of the project's fundamentals and its potential to attract investors is one of the most important factors. There are many coins under $1, but they don't have a solid project or use cases, especially for meme coins that some invest in, hoping to reach $1. However, reachiing that price depends on many factors, such as market cap, total supply, demand, coin price, burning, etc. It also acts like gambling and carries a massive risk—there's a 99% chance the coin could turn into a scam. So expectations should not be raised high in these meme coins, and they should be invested with complete caution because even with sufficient research, the future of these coins is unclear and we do not know whether their team will abandon them or strive for their success.

[CK485]

The last option is the safest, in my opinion. Honestly, the price of the coin you want to buy doesn't matter much at first, but focusing on the core of the project's fundamentals and its potential to attract investors is one of the most important factors. There are many coins under $1, but they don't have a solid project or use cases, especially for meme coins that some invest in, hoping to reach $1. However, reachiing that price depends on many factors, such as market cap, total supply, demand, coin price, burning, etc. It also acts like gambling and carries a massive risk—there's a 99% chance the coin could turn into a scam. So expectations should not be raised high in these meme coins, and they should be invested with complete caution because even with sufficient research, the future of these coins is unclear and we do not know whether their team will abandon them or strive for their success.

it depends on the assessment they apply, from the many circulating in the market, the meme coins are indeed difficult in predicted although some of them take the opportunity behind the expected profit, with a price below $ 1 the meme market is under pressure and experiencing a decline, but investors sometimes think they will choose it and hope that it might potentially up rise back.

[TastyChillySauce00]

things are a lot more complicated than just buying coin with so many zero in their price and wait until they reach $1 because trust me most of coin that has so many decimal got that many decimal because they have inflated total supply which means the total supply is hundred billions and even if the FDV is too big already the coin will still have so many decimal and have a slim chance of going to $1.

you should study about total supply, circulating supply, FDV, market cap then make your decision accordingly, as far as I know, the decimal in altcoin price, doesn't mean anything other than just gimmick. which often being used to mislead vulnerable newbies into thinking this coin has so much potential while there's actually none.

[DeathAngel]

So is that logic works ?
You buy any coin under 1$ like price 0.00003$ and you wait just when it's 1$ you sell cash out profits and move on next cheap coins and invest and sell again.
The problem is i been doing that many coins we been told that If we buy cheap then we sell higher price but it don't work i been buying and waiting price just not going up ?
So is that method works anymore ? Why we don't see that coins not going higher ? Usually how long we should wait ?

You’re trying to buy a winning lottery ticket. What you are doing is risky & has a low winning ratio. It’s far better to buy Bitcoin, Ethereum, Solana or any other top 200 coin & continue to DCA. It’s not as exciting & might not make you 1,000,000 x gains but you are far more likely to make good profits this way than looking for the golden egg.