Post
Topic
Board Altcoin Discussion
Re: Is it worth buying low-volume tokens?
by
andra73
on 30/03/2019, 18:56:05 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?
There's always a risk of buying low-volume tokens. Low liquidity won't help you to save your investments in case of price dumping. So it's like a lottery to find a perspective token among pile of scam.
trading volume is low, the price is very cheap, and order buy very little. This is a feature of altcoin who do not have a future in the market for crypto. We could see the market condition is indeed being not so great, but choose assets with little volume is a poor choice.