/biz/ - Business and Finance

>>4657

First things first, this is for all the crypto newfags

>best exchanges

coinbase is easy to use and safe, however, the fees will fuck you in the ass

coinmetro is the best regulated exchange on the market right now, lowest fees and best support in the industry

stay away from binance and other unregulated criminal exchanges.

>how to figure out if a project is good or not

https://streamable.com/xomcmu

>how to figure out if people on 4chan are paid to shill or not

no easy way to just tell, it's a bunch of small stuff that you'll notice after spending a lot of time there, generally its either very low quality memes or very high quality memes, also its how they talk about it, if one ID just says "sounds legit" and never posts again, its probably not.

>>4657

feel free to ask questions by the way, I check this thread once per day

Wow thanks Op. I was looking at some of these since I'm fairly new to crypto. Really well thought out descriptions!

4chan/biz/ was pissing me off too, you have to wade through shit to find something interesting.

Since I don't have a lot of liquidity right now, after Eth and Bitcoin, I was going to put money in to XCM since I've signed up to there and everything about it looks good so far.

Anyway if you're up for it, I wouldn't mind talking about upcoming ICOs as well.

Arno (batteries) token and Easy Feedback token, might be worth looking in to. On first glance they look interesting, but not sure I'm convinced on their needs for a token. I'll look in to it further, I have been busy this past week.

>>5451

>Coti

>GOVI

Simple really, 200MM eur mcap, if it goes to 1B that's a 5x, and we're not sure IF that's going to happen. If you got in under 100MM then hold and follow the project closely. For anyone else, it makes no sense to gamble a near guaranteed 10x (parsiq) for a risky 5x

I didn't know about GOVI and does seem interesting, However I have this weird feeling that after all of their goals have been met and the product is finalized, no one will use them, and they'll just fade into irrelevancy, like most startups.

but, I guess I've become accustomed to low risk high reward projects that I forgot that most crypto projects are not like that and do bring a certain level of risk with them

Back in 2017 there were a lot of projects like that – they are not around anymore.

>DOT

One of the more promising "eth killers", I don't really spend a lot of time researching them because 1) the huge mcap and 2) you need to realize that buying an eth killer is a bet AGAINST eth, do you want to bet against eth? And if yes, how much? Probably not a lot, and that should tell you something.

ethereum has a problem and dot is better in many ways than eth, but understand that ETH’s first mover advantage + experienced user base + enterprise connections + DeFi dominance + L2 solutions being created means that DOT might not beat ethereum.

eth killers are generally overvalued, because you can't build "defi" in a day, it took 1-2 years for large developers like aave, uniswap, synthetix, and so on to build their smart contract and dapp infrastructure, you're going to wait, and while you wait who knows how much eth will improve.

Yeah I noticed that legitimate projects are the only ones that you see on coingecko with 3000%+ marker under the 1y column.

I found a LABS and thought that maybe this was a good one to invest in. Yes, it's chink but the founder is doxxed and experienced, rest of this team is as well. Their domain is real estate and the founder has mentioned on several occasions that because this market is so regulated, updates takes time. The team is trying to work ahead of the roadmap and so far, things have been rocky (had an NFT auction that came across issues, tokenomics; monthly token unlocks) but I'm optimistic about the future.

I'm not too great at assessing price movement so I just bought the top and plan on DCA'ing for another yesr or two. Hopefully my average will be lower than my entry point but we'll see.

We live to learn, I suppose.

>>5486

Now that I think about, the reason those projects show that under the 1y is because we're in a bull now. If I were to check suring a bear, those numbers would've went sideways or down. So chances are that if this project manages to survive, I'll have to wait until the bull of 2024/25 and pray that other investors see what I see.

If not, then RIP. $18k+ down the drain.

>>5486

didn't look much into it but from gut feeling I can tell they have the right idea, however, who knows if they are going to make it a reality, personally it's not a bet I would take.

heh, If this thread says up for the next 5y we'll have our answer