Post
Topic
Board Altcoin Discussion
Re: Is it worth buying low-volume tokens?
by
omedian
on 24/10/2018, 11:50:26 UTC
I noticed this phenomenon. Often someone buys up all the proposed tokens with a small amount of trading (for example, look at SMT on hitbtc this night), and after a few days these tokens go up in price very much. Is it worth buying such a token?
I tried to make profit on trading low volume altcoin once, and the results were quite positive until one day  that coin lost 50% of its value because of dump, fortunately  the price recovered within a week. It's rather risky to trade low-volume altcoins, because of unpredictable pumps and dumps...