Is buying a weak currency benefit me?

[Jamii 608]

I don't think it can be in favour.  So it good to invest into that coin which have value and can be profitable for you. So select one which will you think that gain price after some time. So make right decisions and learn about thing which help to earn and then invest into coin. But new coin can be profitable but in some case.it maybe people like to use more but people like which coin is more popular. 

[Hosen13 3]

Of course, I would like to buy a weak currency, but after an objective study of that currency

[Judge 529]

From my own understanding on the buying and selling of cryptocurrency, obviously it’s not advisable to buy a weak cryptocurrency because it may be highly risky for the investors, because the value of such cryptocurrency may fall drastically anytime and the investors will loss his money.

[habeb 139]

Buying new, weak cryptocurrencies is useful, but you have to choose currencies well because not all currencies can go up in price. 

You have to choose which currencies have a strong deployment plan.

[Zulqar1122 98]

Firstly will have to think a lot about that currency and then you should do take some decision .

[Sumsad 1159]

there can be some benefit from this weak cryptocurrency, but unless the cryptocurrency plummets in value.  otherwise, you lose all your money.  So it goes.

[علي سليمان 1071]

Your purchase of a weak currency is a risky matter. The possibility that its price will not increase. I advise you to invest. It returns with an acceptable financial return. It is better than nothing.

[Abeera 755]

On 12/9/2020 at 2:40 PM, batikh067 said:

Do you think that buying a weak currency now may benefit me in the future because I am thinking of buying a weak currency and waiting a little while it is strong, and then I sell it

I think it depends upon you that is the currency  is strong like that also will be present and future then you can buy it and in future it will increase their price and like this you will get benefit but if the currency is new and it can be a scam coin then not to anything like this you should make your own research before doing anything.

[Wael154 1134]

Yes mate, this is a good thinking. If you purchase a weak currency now then it will benefit you in future when the prices of this currency will increase or when the demand for they currency increase.

There is some risk in this activity but in my opinion this risk is worth taking.

[Meer Hamza 409]

Before you buy any weak currency, you should observe very well the type of currency it is, there are some they barely improve by 1% even if you hold them for a long time, so I would say that it will be good if you can just take advantage of the low price of some good coins, you can buy then when the price is low, then sell when the price is high, it better than buying weak currency that doesn't improve.

[Muhammad Asghar 5]

If you buy the weak and new crypto currency coin or token then two situation in front of you either you get benefits if this currency grows otherwise you lost his money.

[Raomon 295]

I do not advise you to do this because weak currencies can collapse and become a dead currency that cannot be used and lose greatly. Therefore, I advise you to follow channels that analyze cryptocurrencies and work correctly and logically

[Tom03 389]

Hi there buying a weak currency can be tricky first of all you have to be very patient and you have a lot of resources in another case if cryptocurrency is not getting stronger it's getting weaker than you will lose some money that's why we have to take a risk to buy a weak money we currency then sell it when it get strong it sometime it can be very beneficial for us or sometime we end up getting lose some money

[Tiger123 19]

Hello my friend, you can buy a weak currency and wait. It is a good idea, but you have to choose the correct and appropriate currency by following the chart of the rise and fall of the currency and I wish you good luck

[mhamdhamdan37 450]

Yes, you can do that if you have sufficient experience in observing the graph of the currency, and you should also look at the currency project before that to see if a currency is able to survive and continue because even if it is weak, if it is not a project capable of making it develop it will remain weak and thus You will lose your investment.

[Hassaan Atiq 18]

Hi in my opinion you can invest your money in a business that give you a benefit. Other the the value of currencies changes with time so I refer you to invest in a business that make an interest in you so keep going and do hard work in your life

[Al jareh 1192]

I am not with the idea that you put forward because there is no currency like Bitcoin that will make profits if you buy it and leave it for the future. Because Bitcoin is the mother of the cryptocurrency.

[Kristaal 817]

Hello friend, I do not advise you to trade weak currencies, as it is not guaranteed to increase in value
You should trade the most popular currencies, buy them when their value is low, and sell when their value increases
There are ways to know when to buy and when to sell. One of these methods is called the chart pattern

[Megan Kyle 955]

If you want to buy currency then  I suggest you to look up the market situation. Sometimes buying weak currency might be risky. Maybe you can have profit from it. You need to research lot. Take advice from experts. 

[chris smith 950]

Of course it will give you some benefits but only if you make the right choice and choose the currency which have chances to raise and by the way you will get a good profit.

[ibrahmibrahm 314]

My dear friend the crypto world is full of risks that you must be shrewd and expert. If you intend to invest and trade, I do not recommend buying weak currencies as this will affect you negatively. Invest in bitcoin, it's very good and thank you.

[Ashii 258]

Dear it's all about market rate. Not Always we can get benefit of weak currencies as it can lead to heavy loss. So having proper knowledge is far necessary while selecting coins. Make wise decisions for better outcome. Best of luck.

[Simon London 1749]

Hello everyone, my friend I suggest you to research well about the weak currency, where you want to invest, you may be lucky, and in the future its value will increase, but also may be not, it is important to study about digital currencies projects.

Edited April 5, 2021 by Simon London

[Batoul 3]

A depreciation of a currency occurs when a currency suffers from an appreciating exchange rate relative to a reference currency or currency group..... Currency depreciation can occur without intervention on the part of the financial authorities (Because of the "natural" development of exchange rates) or that it is a fiscal policy decided by the government in light of the fixed exchange rate system.

I think that I will benefit from it by buying the currency when it is weak, and when it becomes strong, I sell it ..

[dlal88 725]

Yes, dear forum, I agree with you on this issue because buying a weak currency benefits me a lot from where we wait until its price rises in the future until its price rises and then we sell it