Why are cheap coins not worth investing on?

[Zanab247]

Alot of members here dey talk about how E dey good and profitable if persiin invest on Bitcoin and you go even get peace of mind as a beginner. When market go down, you get hope say E go rise again even if e take time as a result of the Bitcoin seasons. But Bitcoin Na asset wey no cheap at all and to even accumulate this asset no easy as per economic situation wey we dey face for d country.

Now, I know of Altcoins, I know of memecoins them dey very cheap and affordable, although no be all but from diz department, e get tokens wey I fit buy with small money. But the question be say why these cheap ones no be 1st choice investment plan?

D member wey dey talk am how BTC dey profitable and reliable dey no lie, because BTC have show some improvement in  d past that is making both poor and rich to begin to see BTC were dey can save their money to have peace of mind. Many follow this recent market that is coming up again to hit $69k few hours ago, and is a sign that bull market will display before d end of this month.

If truly u have d knowledge of crypto investment,I don't think u will invest plenty of money in cheap coins, because d team behind those cheap coins are weak team and dey don't have d capacity to make the coins to favour investor like d way BTC is favoring short time hodlers and long time hodlers.

[Odohu]

those cheap altcoins and memecoins dey always look attractive because of the price, especially when money tight but price no really mean value because most of those coins cheap dem no get strong foundation and no real use case some of dem never build enough trust for the market but as we know Bitcoin on the other hand get all these boxes checked.
and you see Bitcoin, fund dey hard but the mentality need dey about stability and long-term value to actually get soemthing from am. You fit still accumulate am small small based on wetin you fit afford but obviouslydem no suppose tell you your pocket for all these matters and those cheaper coins fit give quick gains sometimes o but the risk high gan, so no be say dem bad but dem no be first choice because consistency and security no really dey guaranteed like Bitcoin own.

I like as u balance the talk na why I merited your comment. You may be a newbie to the forum but e dey clear say you understand wetin you dey do, maybe you do dey into crypto for long before you join the forum. Being cheap no mean say those altcoins and memecoins go give better profit because them no get any solid foundation and anything wey no get foundation dey always hard to succeed. As you rightly said, Bitcoin get better foundation and even though the price dey high, person fit buy small fraction of it and still cash out wetin no nice. Nice one bro and keep it up.

[Grace333]

Alot of members here dey talk about how E dey good and profitable if persiin invest on Bitcoin and you go even get peace of mind as a beginner. When market go down, you get hope say E go rise again even if e take time as a result of the Bitcoin seasons. But Bitcoin Na asset wey no cheap at all and to even accumulate this asset no easy as per economic situation wey we dey face for d country.

Now, I know of Altcoins, I know of memecoins them dey very cheap and affordable, although no be all but from diz department, e get tokens wey I fit buy with small money. But the question be say why these cheap ones no be 1st choice investment plan?

Thank God say you dey aware say all those coins no be first choice now why? Normally dem just dey try as much as possible to mimic bitcoin but the thing na besay most of these coins and meme coins which the narrative na jokes. Only that one suppose let you understand say you nor suppose serious your life with joke especially with your money, so you suppose focus on something wey dey serious with real intentions.

[Judith87403]

Thank God say you dey aware say all those coins no be first choice now why? Normally dem just dey try as much as possible to mimic bitcoin but the thing na besay most of these coins and meme coins which the narrative na jokes. Only that one suppose let you understand say you nor suppose serious your life with joke especially with your money, so you suppose focus on something wey dey serious with real intentions.

Plus, majority of those coins no dey as decentralized as bitcoin, meaning the people wey create am still dey completely in control of am, meaning them fit still print more of those coins because e no really get limited scarcity. And the worst part of it be say, them fit pump the price of these tokens anytime, and them also dey at will to dump am too at any point in time wey them feel say them don pack enough funds, leaving the investors holding the bag, with the hopes say the coin fit rise one day.

[Btcdeybodi]

Now, I know of Altcoins, I know of memecoins them dey very cheap and affordable, although no be all but from diz department, e get tokens wey I fit buy with small money. But the question be say why these cheap ones no be 1st choice investment plan?

Shey you call them cheap coins abi, on a norm when you hear say something dey cheap wetin go first enter your mind be say that thing no get value. Why you go dey risk your money for investment wey fit crash at any time and you lose all your money. Why not invest your money for where you know say e go dey hard to lose your money. I know say many beginners like you dey get the mindset say if you never buy one bitcoin say you never buy anything but i wan tell you say no be so wey bitcoin be, you fit they buy small small and if you dey consistent you fit even accumulate upto 1 bitcoin. Imagine say you accumulate up to 1 bitcoin wey worth over $60k and you know how much e be for Nigerian currency then you come hold am till the price come rise like x4 or x5 just check out the money wey you go don get.

[icebar]

Alot of members here dey talk about how E dey good and profitable if persiin invest on Bitcoin and you go even get peace of mind as a beginner. When market go down, you get hope say E go rise again even if e take time as a result of the Bitcoin seasons. But Bitcoin Na asset wey no cheap at all and to even accumulate this asset no easy as per economic situation wey we dey face for d country.

Now, I know of Altcoins, I know of memecoins them dey very cheap and affordable, although no be all but from diz department, e get tokens wey I fit buy with small money. But the question be say why these cheap ones no be 1st choice investment plan?

If you invest in Bitcoin, it is possible to get back that investment, if not in the short term, then in the long term. But, this cannot be guaranteed in the case of altcoins. The main purpose of people investing here is that the investment will not be lost in the long term, but for those who want to invest in low-value coins, the possibility of losing their investment is very high. Moreover, when the market is bullish, even if there is no bullish movement of other coins at that time, Bitcoin touches new heights, which may not happen in the case of altcoins. Therefore, investing in Bitcoin is the most suitable way to keep your investment safe.

[Baki202]

Thank God say you dey aware say all those coins no be first choice now why? Normally dem just dey try as much as possible to mimic bitcoin but the thing na besay most of these coins and meme coins which the narrative na jokes. Only that one suppose let you understand say you nor suppose serious your life with joke especially with your money, so you suppose focus on something wey dey serious with real intentions.

And people suppose know say everything wey cheap sometimes na bad market and they get some wey you go get results from but he mean say because the thing cheap mean say you go buy this is something everyone suppose joke with, because if you no take this matter seriously then the thing go just be like say you dy waste money because you go buy am finish the thing go just dump and some self no go later stand and the whole thing go just die down for there and all things na for to just do your research because if you do proper research all this things no go get issue.

And people they also fine cheap things na waiting they bring problem come be that because people want to make quick money na one of there problems be that so this na why we no suppose  they look for fast ways to make money because when you don't take something like this because there other coins wey you fit invest in wey go bring you better profit instead of looking for something cheap, bitcoin and others dy wey you fit invest in.

[Powerjumboo]

Alot of members here dey talk about how E dey good and profitable if persiin invest on Bitcoin and you go even get peace of mind as a beginner. When market go down, you get hope say E go rise again even if e take time as a result of the Bitcoin seasons. But Bitcoin Na asset wey no cheap at all and to even accumulate this asset no easy as per economic situation wey we dey face for d country.

Now, I know of Altcoins, I know of memecoins them dey very cheap and affordable, although no be all but from diz department, e get tokens wey I fit buy with small money. But the question be say why these cheap ones no be 1st choice investment plan?

Cheap coins are always cheap because people do not have a demand for cheap coins and people never want to hold cheap coins for future plans. If there is no demand for a coin and people do not use it and do not want to keep it for future plans, then those coins can never create a good future. Bitcoin is very popular with people People have a lot of demand for Bitcoin and especially due to the high volatility of the Bitcoin market, Bitcoin is very popular with people because the high volatility of the market makes people very profitable. I have kept Bitcoin for my future plans, although I have kept some fraction, I still hope to get something good from it and there is a guarantee that I will definitely get something good in the future, but I cannot give this guarantee from any cheap coin because it will die at any time and I have seen many coins die.