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

[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.

[taufik123]

-snip-
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 is too ambitious if a memecoin whose price is even 0.000001 wants to reach the price of $1, this will only be a wasted goal when the memecoin is not well-developed and developers do not care about the community. It is not impossible because crypto can change very drastically overnight.

I still hold some memecoins that I believe in even I know his Dev and he does Doxxed to make his community believe and is always present for his community to push the supported memecoin project to get more attention from investors and become a memecoin with utility that has benefits for the long term.

99% of memecoins will indeed turn out to be scams, but it remains to be seen how the memecoin is built and who built it.
Seeing some very successful memecoins like $PEPE led to many other memecoins appearing.

[OrangeII]

so far, I see that this kind of thing still happens often. even though we do expect a high price, but if we have a coin with a price of $0.00003, and hope it will be $1. However, over time, the price goes up to $0.0001 or $0.001. Well, when we have hundreds of thousands, or millions of coins that we initially bought at $0.00003, then we have made a very high profit, even when the price has not reached $1.

[EarnOnVictor]

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 ?

It's possible you've seen a few coins/tokens that are lower than $1 and later move past the level, but you should know that those coins are not the ones with the $0.00003 as you stated, too many decimal places is a discouragement for crypto assets to reach $1. Any coin you see having such a quote may never reach $1 because they might require more than $100T to achieve that. So I advise you not to look at the price alone but also the market capitalization. It's easier for the coin at $0.09 with a $250m market cap to reach $1 after attracting about $10B than for those with too many zeros.

[o48o]

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.

The high amount of people not understanding how valuation works in crypto, is probably one of the reasons why things like Pepe or Shiba Inu got so high in the market cap in the first place. They think it's cheap, even with over $10 billion dollar market cap, because one full token is so much under a dollar, and dumb money keeps floating in.

They seem to ignore that people who got gigantic profits with them got in in low market cap, and for some weird reason they think it's going to hit over a dollar, or $1k. But i have been ignorant too in the past, and it's not their fault of being newbies. I have accepted that this is a thing that is never going to be common knowledge.

[MAAManda]

so far, I see that this kind of thing still happens often. even though we do expect a high price, but if we have a coin with a price of $0.00003, and hope it will be $1. However, over time, the price goes up to $0.0001 or $0.001. Well, when we have hundreds of thousands, or millions of coins that we initially bought at $0.00003, then we have made a very high profit, even when the price has not reached $1.

From $0.00003 to $1, that's a multiplication of 33.333x. It's difficult to find a project that has clear fundamentals at the start of development at a cheap price. One way is to invest in meme tokens, I've seen that recently there have been a lot of tokens at low prices and then the prices have soared, an example is Fartcoin (FARTCOIN). But back to my initial statement that it's difficult to find projects like this, it requires more time in deeper research.

[Wakate]

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 ?

Oh my God! Not every coin would hit $1 even though the price of Bitcoin quickly hit 300k. Why? This is because many of these altcoins that have so many zeros are shit or memecoins and the amounts of the zeros are too many. Just imagine waiting for a coin that has 5 to 7 zeros before a number to hit $1. This will be very difficult and it would take few generations before they could hit such price. That is only if they are still in existence before that time. W should not be anticipating on unrealistic expectations because many will be very disappointed trying to wait for a coin that have several zeros to eat up the zeros as soon as possible.

[CoinCollector006]

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.

This is sound advice. i started investing in crypto in 2017 to 2018 and back then bought BTC, Ethereum Stellar Lumens, Monero that were leading coins back then and remain leading coins today in 2024. I also bought some unknown coins priced at fractions of a penny such as LiteDoge, Xtrabytes, Digibyte, etc that all went to zero or near zero. If you want to gamble with a small cap coin priced at less than 1 cent like Shiba Inu go ahead just size it small because the vast majority of small meme coins go to zero because they have no use case and no adoption by the crypto community.

Also many traders use technical analysis techniques from the worlds of stocks and FX. Thats fine but if the coin is a pump and dump scam technical analysis will not save you from losses as the coin bleeds or just crashes to lower lows taking you down with it. There is no substitute for getting into the weeds and understanding the coin's technology, team, financial resources (if any) and whether it offers something unique

[X-ray]

so far, I see that this kind of thing still happens often. even though we do expect a high price, but if we have a coin with a price of $0.00003, and hope it will be $1. However, over time, the price goes up to $0.0001 or $0.001. Well, when we have hundreds of thousands, or millions of coins that we initially bought at $0.00003, then we have made a very high profit, even when the price has not reached $1.

depends on the FDV, sometime the total supply is made so big having $1 as a price doesn't make sense, can you imagine a coin, meme coin to be precise, where total supply was made to be 10 trillion and getting priced at $1? it'd basically be having market cap of 2 times current entire crypto market cap just for one coin which doesn't make sense at all.

that kind of investment, where you buy coin at really cheap price and hoping it will go to $1 and beyond only happens to meme at very early phase, you'd need to do meme sniping and prepare big chunk of capital because meme sniping is hit or miss with small odd of winning.

even then that could happen because the FDV still make sense, still remember PNUT at early days only have FDV of $2M and it becomes valued more than $500m at one point.

[Ziskinberg]

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 ?

Not gonna happen.. a 33k increase is unrealistic. I’ve never seen any altcoin pump that much in a short or even a long period of time.

IMO, the price isn’t the main factor to focus on. What matters is the potential for growth. Aiming for x100 is more realistic, but you have to approach it with a long-term mindset because he market has matured, and people don’t buy into the hype as easily as they used to.

[xmrhopium]

Are you a brain dead person who still thinks monero is best investment for the future?

Based on interest and what the utilities has been providing since after development, I don't think brain dead people are only intrested in hodling monero tho. In addition if you don't find monero as a suitable investment for a long term, then better no go.

Xrp is far better than monero lol or zcash. You better take my advice put money in xrp before giving advice to other 🤣 the price is nearly pumped triple from last year or cry later baby. Such an asshole hopium of monero 😄

Don't be a pussy in real, lol.

[Adreman23]

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 ?

If you get lucky picking a coin to invest in without doing your own research , you might buy it cheap and sell it high. But thats just luck. It doesnt mean you'll get lucky every time you try that strategy. Doing thorough research is still very important, and it's always a good idea to keep learning about crypto to deepen your understanding. This way, you can make more informed decisions and increase your chances of success.

[doomloop]

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 ?

Not gonna happen.. a 33k increase is unrealistic. I’ve never seen any altcoin pump that much in a short or even a long period of time.

IMO, the price isn’t the main factor to focus on. What matters is the potential for growth. Aiming for x100 is more realistic, but you have to approach it with a long-term mindset because he market has matured, and people don’t buy into the hype as easily as they used to.

Now as things are opening about hype, and we are having some solid things for newbies they are understanding this all even though still we have the good number of members those are heading for trap like this, but one thing is sure it's not working for all because 33K is too much even if someone feel good we can jump for small things which are usual in crypto but dreaming about this is surely just dream with have not related to fact.

As mentioned important thing is growth and potential which can give better view about coin/token future no doubt living near 100x or some above is still possible but still not easy have things like these too early because recently I have conversation with few those are happy if they are having nearly x5 to x10 as well.

[markm]

If you are only looking for a rise to 5 or 10 times the price, there is no need to rely upon luck.

To do it sustainably and benevolently though, building for real (rather than just victimising folk who are too naive to know better), and thus end up with something real, a "pump with no dump", you need to be responsible about it.

Part of being a responsible coin-dealer of course is to provide for "returns"; that is, to accommodate folk who experience "buyer remourse", by in effect providing a kind of "money back minus a small re-stocking fee" policy in the form of a buy-side, climbing upwards as the price climbs, so that as each sell-offer gets bought the proceeds go back onto the buy-side.

When close to the bottom of the buy-side, which for BTC/IXC and BTC/I0C on FreiExchange means price below 1000 satoshis and even more so way the heck down below 100 satoshis, the sheer cheapness of the coin seems to tend to attract "dumpers", possibly because a lot of folk imagine a coin that cheap must be headed for zero so they feel they should get out fast even at a loss.

Thus at such an extreme bottom of the buy-side it is even more important to build the buy-side strongly to try to limit how far "dumpers" are going to be able to drive the price down by consuming the buy-offers.

For those two particular trading-pairs the current goal is to keep placing offers to buy 1000 coins, at every satoshi of price, all the way up to 1000 satoshis per coin.

But that, obviously, is going to take a while.

Those pairs are still at a stage in which buyers often become impatient with how "thin" the sell-side of the order-book is thus snap up more than one price at a time of the sell offers.

At such low prices of course it is silly to thicken up the sell-side because it would be unfortunate to run out of coins to sell before-or-by the time one actually reaches one's target price, since ultimately a huge part of the point of "ratcheting" up the price is so that the profit on each offer of or for a given number of the coin is larger than it would be lower down in price.

Basically the idea is that the higher the price is built up to the more capable an offer to sell a given number of coins will be at satisfying a buyer's desire to buy a given "value" (number of the buy-side asset) of the coin.

For example if a buyer is using "dollar cost averaging", as the price rises it takes less and less of the sell-side coin to provide them with their desired number of dollars-worth of the coin.

So we try to "thicken" the sell-side not by making each sell offer larger as in number of coins offered per offer but, rather, by piling the offers ever higher so no matter how much a buyer wants to spend there are always more than enough sell offers to accommodate their spend. (They just need to pay higher and higher prices the larger their spend.)

In the cases of treasury-based Galactic Milieu assets such as IXCoin or I0Coin, it is easy to compute a target price; we can use the Latest Rates include-file, which shows us for each Milieu asset its total "official treasury" divided by the number minted, as a guide.

When the buy-side of our chosen pair happens to be one of the assets for which a whole historical table of such rates has been computed and put online, such as the Asset values expressed in BiTCoins (BTC) table, it is particularly easy.

From that latter table for example we can at time of posting this see that according to the Latest Rates IXCoin and I0Coin ought to be worth near 500 satoshis each based on the computed values of all the treasuries.

Of course blindly taking the Latest Rates as gospel is a touristy move; more-serious players are going to want to add a personal touch, apply a bit of their personal expertise, such as for example knowing they can as I am posting this still pick up DeVCoins for way the heck less than a satoshi, way the heck down closer to a litetoshi (litecoin-satoshi; 0.00000001 LTC) on FreiXlite exchange, so they might choose to re-calculate the whole Latest Rates file, which is by default denominated in DeVCoins based on the calculated value of DeVCoin, using their own figuring of how much a DeVCoin should be regarded as being worth.

The bottom line here though is that just the few people reading this post are probably enough, all by ourselves, to pick-and-choose coins to experience a five to ten times multiplying of the price of simply by picking-and-choosing the same pair on the same venue to work on and it being a venue where from time to time someone other than ourselves occasionally happens along and considers buying some.

One of the big differences in this approach though from simply picking a random scam to "pump and dump" is not to dump.

With pairs such as these one is going to run into some "dumpers" eventually as one continues "ratcheting upward" the price, because folks have had way over a decade to pick up "bags" of the coin so the higher the price goes the more chance there is that one of those so-called bag-holders is going to "dump" as in consume buy-offers by selling to them, rather than politely "sell" as in place sell offers and wait for a buyer to buy from their sell offers.

That is why ideally one builds one's buy-side strong and dense; inevitably eventually some "dumpers" are going to "dump", and one wants to be in a position where their doing so is a wonderful windfall of cheap coins raining down upon one's buy-offers gifting one with cheaper and cheaper and cheaper coins, rather than a nasty blow to the values sites such as CoinMarketCap and CoinGecko are going to display to the world as the supposed "value" of one's coin.


-MarkM-

[Abiky]

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 ?

It really doesn't work that way. Coins that are usually worth less than $0.01 have a large circulating supply. Especially "meme" coins. There's no guarantee they will reach $1 in the future. Only those that become very popular. It's hard to predict which one will be the next big hit. This is like the Russian Roulette. A gamble to say the least.

If you're lucky, you can use the profits to buy serious coins and avoid losing it all in an instant. But that's a big "IF" due to the reasons mentioned earlier. Just avoid putting all of your "eggs" in one basket, and there should be nothing to worry about.