Does anyone buy obscure altcoins?

Discussion in 'Trading and TA' started by maks-ivanov89, Apr 10, 2019.

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  1. maks-ivanov89

    maks-ivanov89 Invests like a Pro

    Do you think it makes sense to buy low-liquid altcoins?
  2. The CC Forums

    Staff Member

    Most altcoins will end up as dead end projects that hang around only on exchanges for people to trade. If it doesn’t move into general use or provide a utility, then a crypto will die.

    There are so many dead cryptos already with many, many more to follow. I think if only makes sense to buy a crypto that stands a good chance of having a functional platform or gets used for transactions. Very few meet those criteria right now.

    Maybe the next phase of crypto projects will offer up more useful projects.
  3. maks-ivanov89

    maks-ivanov89 Invests like a Pro

    I agree, now it all looks very unreliable.
  4. CryptoTC

    CryptoTC Crypto Fat Cat
    Staff Member

    Grooming myself between naps
    Sleeping on a couch, chair, bed, or under a table
    I own UnikoinGold. They already have a functional platform and the tokens can be used. Esports gambling is expected to grow exponentially over the next few years.

    But I’m not sure any of that will translate to an increase in token price. The tokens can be used whether they are worth $10 or $0.01. I’m hoping demand for use on the platform and for cashing in winnings will drive up prices though.

    I reached out to them to ask them to participate here on the forums. The forum boss approved it. They did for a brief period but they prefer to use their Discord channel. I happen to think Discord isn’t the best way to reach out to people. It’s a chat room basically. Anyway, they don’t allow discussions about token price or trading there now.

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