/finance/ - Finance

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>>290 (OP) 
I don't hold any, because I was too poor to buy in years ago. And since, I just look at crypto wearily, seeing as governments hold the most, power got too expensive to mine, and every kid on the block looks at crypto as a get rich quick scheme. Then each month there's some company folding because they should not of been allowed near money, let alone crypto.  And now with exchange traded crypto funds, I personally expect shit crypto to be buried, hidden, just like the shit mortages back in the 00s. 
However, anyone that can make money off of crypto has my respect. There certainly still is the chance to do it, just probably not me, don't have the personality for high risk investments. And what governments are trying to do, introduce their own central bank digital currencies  are worse in every respect.

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I got into cryptocurrencies last year
Some good ones were mentioned on 4chan /biz/ and I managed to make some gains on some of them

I think they're great for making money off of if you know what you're doing. 
After about a month I had figured out that the top ones on listings weren't going to give me as much gains as the more obscure ones, so I started looking for low marketcap cryptos, ones which had something good behind them

So far I've bought into these profitable ones;
Bonk
Stobox (STBU)
Mickey (The Steamboat Willie one)
Kenshi (KNS)
Tectum (TET)

All of these are still in early stages except for Bonk, so they can all be potentially profitable
I did also buy into some others that fizzled out or haven't shown much promise after I bought into them
The janitors on /biz/ have often deleted threads which advertise potentially profitable low marketcap cryptos, while letting certain shitcoin threads stay up

Anyway, that's how I see it

Some things I'd recommend if anyone unfamiliar with it wishes to get into it, get the Metamask web wallet, its been pretty useful for me. For the Solana cryptos use a Phantom web wallet. I've mostly been using the uniswap and pancakeswap exchanges. Most important tip is to get on https://dexscreener.com
to look up cryptos, especially ones that are low marketcap and haven't been listed on coingecko or coinmarketcap yet

>>292
Not that I want to encourage discussions about useless shitcoins, but how do you distinguish between a low-cap coin and a coin with arbitrarily large supply?

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>>293
Marketcap isn't the same as supply
If you have equal marketcap and supply, that means the price (coin value per unit) is 1 dollar
If a coin has a large supply, that doesn't necessarily mean its bad, I mean if you look at Shiba Inu, it has a pretty large supply so it might never reach 1 dollar in price, but it has a large marketcap now anyway.
One should ideally find low marketcap coins that have something good behind them and then buy and hold them until the marketcap grows large, since when the marketcap grows the price also grows and if one buys at very low price and later sells at a high price one can make good profit

>>292
Buddy if you're looking to make money on shitcoins, the SOL chain is the hotspot for them right now, a bunch of shitcoins shooting over 100x like Solama, Wynn, Myra

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>>295
BONK is on the SOL chain, it mooned last year
Most of the shitcoins on SOL aren't going anywhere, its a big gamble and tricky to figure out what to put money on
Its easy to be smart afterward and say "you should have put money on that one" but for the most part you don't know which ones are gonna take off and there's lots and lots of these shitcoins
But yes you're right, there's some profit to be had if you get lucky in the SOL shitcoin casino

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>>296
What I do is I follow TG caller channels and I can typically find a quick pump once I buy into that if it hasnt pumped already. Even better if they call a Utility Coin. I brought into a coin called CODEX a month back that was called on a TG channel I follow, put $200 into it, staked it for some more tokens and then sold a week back for a nice $3.2K profit.
My most recent meme coin was KIRBY, I sold for $867 after the initial pump when it was around 400k MCAP, it crabbed and just yesterday I found it pumped up to 3M MCAP.
Scanning through DexScreener is alright, but most coins that end up there is because a call channel/twitter influencer signalled it and a bunch of people brought into it. Thus, I follow the TG channels because they are the first ones to bring these coins to people's attention.

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There's this effort going on to pump LINU to make it the next DOGE/SHIB
Its kinda like an experiment, lets do our best to put this in all relevant places and see if it can pump to high heaven

>>298
$WYNN is making me a fortune rn, pumped up to 80M marketcap, now dipped to 60M. I genuinely think this may be the $PEPE of the SOL chain

Halving soon. Can you feel the tension in the air?
In other news, monero is being delisted from binance.

I don't really know anything about crypto (I only buy silver & gold coins) but this might be of interest to americans:
https://www.zerohedge.com/geopolitical/us-cbdc-western-sanctions-against-russia
From what I've read previously, the american FedNow infrastructure has already been going through stress testing since last year.
https://www.zerohedge.com/political/fednow-instant-payments-are-coming-and-cbdcs-will-follow
https://www.zerohedge.com/crypto/apocalypse-fednow

CBDCs are game over.

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Kim Dotcom knows what's up.
I already asked myself some questions about wtf is going on back in 2015, when the mass immigration started into Europe. I came to that conclusion (the goal is to destabilize the society) but I couldn't understand WHY. Now finally in the past few years, after watching Catherine Austin Fitts interview on planetlockdownfilm.com, I finally got it, when she explained that the dollar system is finished and they've known that for a  long time already. Her videos are worth watching if you haven't seen them yet.
What I'm doing (to answer Dotcom's question): I've been trading all fiat in my investment and bank accounts into physical silver & gold coins, plus  stacking a lot of canned food (I have over a year's worth). I know they'll to everything to push adpotion of the CBDC, but I'm betting that it will eventually fail. However, those who didn't manage to salvage their savings into some form of hard assets will be wiped out as a result of all the crashes, bank failures, currency devalutations, cyberattacks, and general chaos.