Tiny Crypto Coins Explained

Crypto Noob: Hey so I heard about this New Crypto Coin that costs less than a penny and I thought we could buy millions of it!!! That way it would only have to go up to one cent for us to multiply our money like crazy- We're gonna get RICH :)

Crypto Expert: Yeah, that's a Microcap Crypto currency, they are super risky.

Crypto Noob: What’s the risk? It only has to go up by 1 penny!

Crypto Expert: Right… but what if it goes down by 1 penny, you would lose like 90% of your total investment.

And if anything, investing in some of these really high risk new cryptocurrency coins can be even worse than just investing in other financial assets because there’s not a lot of regulations. These are not as “safe” as some of the other bigger cryptocurrencies like Bitcoin and Ethereum.

Crypto Noob: Man, you are right… I’m already down like 50% of my money… I’m going to like this video and follow you from now on.

What do you think?

Let me know in the comments.