Call me Newbie if you want. I never really learned the logic of buying those under dollar penny coins and then trying to stay in profit. I mean does that really work? Have you reached retirement using that sort of trade? Do you think penny stock like crypto trading works?
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It's about timing, opportunity exposure, like going fishing daily and low cost entry. It is low cost to buy 1 million of some token, and low risk to hold it just in case. This way it is very appealing. If even 1 of many cheap coins makes it big, it covers the cost of the rest easily. The same thinking applies to NFTs, why people put in $100's for mints that they lose on -- ONE of them will make it big and cover the costs, at least.