I too was introduced to mining a while back, but I trusted those who said it was too late to be profitable. Let's just say I have learnt to seek information myself now. When I initially started investing in cryptocurrency, I thought - not unlike you - that it was easier for a coin of low value to double, than one of high value, but as time has passed, I'm not too sure anymore. In summary I think a good investment is a coin which is undervalued, but not necessarily of low value. So yeah, basically what you said:)
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Yes by no means am I suggesting to randomly find a cheap coin. You should do some research and find a cheap coin that is undervalued. Take Decred for example. Within the last week it has gone from $30 a coin to $68, so the 2 months I spent mining that with Ubiq has just doubled in profit.
@roadsuntraveled - Thank you for sharing your experience with the Ubiq crypto currency. At some point in time, I think that I would be willing to invest in technology that could help me enter the world of mining. This topic provides an opportunity to take a "commercial break" to appreciate the wealth of knowledge we can gather from content here on the Steemit platform.