Since early December 2017, many new investors have been buying "cheap" or "penny" crypto coins like they are going out of stock! This has caused a new phenomenon in the crypto world, causing these cheaper coins to rocket in recent weeks. Many people in our beginner community ask "what cheap coins should I buy?", "can I buy fractions of a coin?", and "does low price mean that a crypto coin is undervalued?"
In this video, we'll take a look at psychology, namely the unit bias, why people want to buy these cheaper altcoins like Ripple, Tron, etc., why market cap should matter, pertinent strategies in times like this, how this craze has affected BTC, and how this wave may eventually end. Let me know your thoughts on how fundamental analysis has been thrown out the window and how you plan on attacking this new crazy for cheap/penny cryptocurrencies!
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Disclaimer: I am not an official investment advisor - everything I say is purely my opinion. Some of my videos are sponsored, those will be clearly marked by YouTube. If you’re dealing with a new process it’s always RECOMMENDED to try out the whole process end-to-end with a smaller amount before you move the bulk of it.
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Intro Music Credits:
‘Soaring Intro A”
Jay Man – OurMusicBox