I was looking at this Beecoin and thinking about investing in it. It is dirt cheap.
However as I was looking at the price and stuff, I saw someone had bought like 650million beecoins. I'm thinking, "If that coin rises to the value of one cent, he/she is millionaire!"
What am I missing here because I've been trying to ride the Bitcoin/Litecoin waves here recently and I've made a little, but I'm no millionaire. What say you?
The value of a currency does not speak to its potential, it depends on the amount of money being marketed. Everyone's preference for a currency speaks to its power. Potential is the most important factor that we need to consider for investment.