It seems a lot of people are picking up millions of shit coins hoping that even a rise to $0.01 will make them rich simply by the volume they hold and it appears to be working.
Here is the table for the lowest priced coins on Bittrex
As we can see ALL these cheap coins are in the green.
You might think so what they have gone up from $0.01 to $0.04, but that $0.03 difference is massive when you hold hundreds of thousands of them.
Buying a few thousand of these last night would of made you a tidy sum. But it gets better. The BIG BIG money is in the ultra cheap coins such as PACcoin, this is currently 0.00000002 BTC and as you can imagine you can easily pick up a few million on the cheap. Now imagine this coin went to $0.01?
You may think that is utter crazy because it's a nothing coin but if everybody thinks the same and enough people buy in then this could actually happen.
What a time we live in, it's the wild wild west out there.
As usual thanks for listening
Happy Steeming Steemers and Steemettes.
great post.thanks for sharing.
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Quality post @somecoolname! I think you are right, next time I have fiat over or if I can make some extra from "steemit" I will trade and buy "shit coins", do you know if there are any good "shit coins" on binance?
They mostly seem to be on cryptopia, the problem is this is a small exchange. If you had say 3 million coins and it hit $0.01 I'm wondering if they would have the money to pay you out. There is a 5k daily withdrawal limit so who knows.
Thanks for the comment.
Yeah I don't know about cryptopia, they seam a bit strange, but maybe I just misunderstood what they are trying to do down there...
It has been hard to stick to my crypto plan, but I've been doing it. Still happy because everything is going up. Sure I could have went with Tron and made a bundle but I liked LINK and REQ and I went big into those two. It has paid off and I don't need to worry about them long term.
Nice work with LINK and REQ. It only takes one to take off to make great gains. Glad both did well for you. The hard thing is when you sell low and it then takes off. I recently did this with QSP.
Huh, never thought like. Will definitely have to look into it. Upvoted.
Just be mindful that these could either not move or be pumped and dumped leaving you holding millions of utter useless coins. That's why I only spend about $20 on a coin.
hello, @somecoolname
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