The Weird Case of Cryptos to Buy “Bellow 1$”

Of the things that make me truly wonder on the quality of reports in crypto sphere, nothing stands out more prominently than the provocatively deceptive catch phrase of coins bellow 1$ !

What exactly does this mean? What is the argument behind the concept that bellow dollar value coins are somehow preferable as an investment?

The answer to me is simple. For people that wish to invest little time or are prone to superficial judgements this somehow is connected to the idea that low unit price means an underdeveloped project with potential. Or maybe you can get more, so you can make more! Nothing could be further from the truth.

There are concepts that do bring some value in an analysis. Market Cap of a coin, Volume, Market Dominance percentage even… but there is no such thing as a connection between the unit price of $VET and the respective unit price of $DOT

The phrase is in its nature misleading and is often applied with that exact motive in mind.

NO – YOU SHOOLD NOT BUY INTO A PROJECT BASED ON UNIT PRICE

You need not to be an analyst to understand that. Do whatever choice you want but at the very least try to avoid being misled with such obvious fallacy’s

That and... keep an eye on $MTL for the next few days 😉

As always… not a financial advise. DYOR and have fun in crypto wonderland!

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Here are 5 interesting facts about cryptocurrencies:

Satoshi Nakamoto: The mysterious creator of Bitcoin, known by the pseudonym Satoshi Nakamoto, has never been publicly identified. Their true identity remains one of the biggest mysteries in the crypto world.

Pizza Day: On May 22, 2010, a programmer made the first real-world transaction using Bitcoin by purchasing two pizzas for 10,000 BTC. This event is now celebrated as "Bitcoin Pizza Day" in the crypto community.

Lost Bitcoins: It is estimated that a significant number of Bitcoins have been lost forever due to forgotten passwords, misplaced hardware wallets, and other reasons. This has contributed to the scarcity and value of existing Bitcoins.
Ethereum and Smart Contracts: Ethereum, the second-largest cryptocurrency by market capitalization, introduced the concept of smart contracts. These self-executing contracts with the terms directly written into code have revolutionized various industries beyond just finance.

Crypto Adoption: While initially viewed as a niche interest, cryptocurrencies have gained broader acceptance over the years. Major companies, financial institutions, and even governments are now exploring or utilizing blockchain technology and cryptocurrencies for various purposes.

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