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Re:SEC charges Ripple and two executives by zapdrive on Tuesday December 22, 2020 @06:49PM (#25512841)
Exactly. I'm "the Bitcoin guy" in my circle as I invested very early, so many friends seek advice and almost every one has the exact logic you mentioned.
Re:SEC charges Ripple and two executives by baby on Tuesday December 22, 2020 @07:38PM (#25513139)
Which is why maybe it’s a good investment? I always buy cheap stocks because I know people feel like it’s more affordable, and has potential for larger returns, even if it ‘s not true.
Re:SEC charges Ripple and two executives by cwkoss on Tuesday December 22, 2020 @07:52PM (#25513244)
The dollar price of a single unit of any tradable security-like thing is completely arbitrary: market cap, market depth and inherent value are all that really matter.

Cheaper units are almost certainly not indicative of something being a better investment, I'd say the opposite is more often true: ex. penny stocks or any of the long-tail cryptocurrencies that trade at fractions of a penny.

Re:SEC charges Ripple and two executives by chihuahua on Tuesday December 22, 2020 @08:26PM (#25513424)
I mostly agree with what you're saying. But there is another aspect to this, based on the "greater fool" theory of investing. A lower-priced stock or cryptocurrency could be more likely to attract a larger number of unsophisticated buyers (Robinhood customers etc.)

Especially for low-priced cryptocurrency, the marketing pitch of "it's like bitcoin for $1" could be very appealing, if you spread it on Reddit and other forums.

So from a pump-and-dump perspective it may be more promising.

Re:SEC charges Ripple and two executives by sellyme on Tuesday December 22, 2020 @11:53PM (#25514509)
> Especially for low-priced cryptocurrency, the marketing pitch of "it's like bitcoin for $1" could be very appealing, if you spread it on Reddit and other forums.

If you went back a decade in time while you were at it, maybe. But there's been such a relentless tide of cryptocurrency-related scams being spammed on forum boards since Bitcoin hit popular awareness that the only thing I can think of that would be less appealing is someone trying to flog discount pharmaceuticals.

Re:SEC charges Ripple and two executives by user-the-name on Wednesday December 23, 2020 @06:24AM (#25516542)
In cryptocurrencies, "market cap" is basically a complete fiction, and totally nonsensical.
Re:SEC charges Ripple and two executives by freeone3000 on Wednesday December 23, 2020 @12:51AM (#25514804)
Bitcoin is infinitely divisible. You can buy $50 of Bitcoin, if you want to invest $50. The "affordability" doesn't enter here.
Re:SEC charges Ripple and two executives by SpaceRaccoon on Wednesday December 23, 2020 @03:15AM (#25515573)
It's not the affordability, it's the leverage.

A $1 increase on a $1 investment is already a 100% return. And it's much easier to imagine a coin to go from $1 to $2 then it is to go from $20k to $40k.

Re:SEC charges Ripple and two executives by newerduder on Thursday December 24, 2020 @09:33AM (#25527751)
> Bitcoin is infinitely divisible

no. it goes down to 8 decimal places. (a satoshi)