I'm planning on buying some coins that are <$1 on coinmarketcap.com. The reason is that they are very cheap, so getting a lot of them is not going to be too expensive. If a coin is $0,001, I could buy 10.000 which will cost me $10. If it goes up to let's say $1, I will have earned $10.000. The question is obviously how reasonable the chance it that it will reach $1, but looking at coinmarketcap.com, it seems 7 out of 10 coins are $1$+. If the coins fall in the top 10 in terms of MarketCap I consider them popular coins so there's quite some demand for them, hence one could reasonably assume there is a big chance it will once hit $1.
Obviously there are a lot of assumptions above, that's done on purpose as I can't help but believe these are fair assumptions. But seems like I'm alone out there otherwise it would be a get-rich-quick scheme.... Hence, can someone give me good (constructive) feedback on why this thinking is extremely naïve and wrong?
it's not that easy because the chance that those coins die is much higher than those coins reaching a greater value, because they are at that bad value for a reason, on the other hand some of them that are not nearly dead could have their value up 100x, but you must identify which one is worth the risk, see if they offer something useful and not just a pump and dump scheme