Wątek: Cryptocurrency, what are you stacking for 2025?

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1 z 16: cody_hurst_official

Hey everyone. Just joined Elten to see what it is all about. I'm a blind crypto investor on a journey to get off the social security system and to bypass the 9 to 5 job scene. I've been through the 2021 bull run and have learned quite a bit about how the crypto market and cycles work and what constitutes as good projects in order to avoid scams. My biggest bag is Kaspa as it is basically a flawless layer one project and I would recommend anyone to have a look at it. i trade meme coins to trade up to make my Kaspa bag bigger. So, let's start a discussion and I can answer any questions folks have about crypto in general. Let's break the chains of the blind together and make social security and vocational rehab obsolete and a thing of the past!
CH Official
21.06.2024 03:43

2 z 16: cody_hurst_official

How do I store my crypto? A great question that deserves attention. there are two primary types of wallets - hot wallets and cold wallets. Hot wallets are very insecure as they are software wallets that are accessed on your computer or phone. Hot wallets are frequently hacked and exploited and are generally not recommended unless used for temporary storage for small amounts of money. The best recommended way to store your crypto is on a cold storage wallet. there are many options for cold storage, though not all of these options are accessible. I can personally recommend one cold storage wallet called tangem which is a set of 3 cards which store the private keys and can only be accessed securely with the Tangem app. the keys cannot be extracted and is one of the highest rated cold storage options on the market. Get your Tangem cards at https://tangem.com and protect your assets today. the tangem app is fully accessible and you can manage multiple portfolios through the app. It is available for android and IOS.
CH Official
21.06.2024 04:11

3 z 16: balteam

Hey, nice too hear that we have any cold vallet which is accessible, I thought about ledger. As for cryptocurrencies, I rather buy ether and btc, but as a new user, I bought quite much cro in 2021 :)
Whichc exchanges do you use?
I think kucoin and bitget are quite accessible, unfortunately their apps on android aren't good, now I will use ios, maybe it will look better.

Zapraszam osoby posiadające piesy, lub chcące je posiadać, do dołączenia do grupy o psach przewodnikach.
21.06.2024 07:38

4 z 16: cody_hurst_official

Hi and thanks for replying. When dealing with crypto exchanges, it really depends on your country of residents. In the United States, there are only a few options that are fully regulated. Uphold, Kraken, Coinbase, Crypto.com and Gemini are the ones that are available. However, if you are outside the US, you will need to use a VPN. I am not personally able to use a lot of the internation exchanges, such as MexC, Bitget or any of the other exchanges since the sign up process for MexC for example requires you to get passed a captcha which no captcha solver seems to solve. I really like Zoomex as they do not require KYC verification and their trading interface is quite usable.

Bitcoin and Ethereum are indeed the largest cryptos by market cap and Bitcoin is definitely a solid long term hold. However, the returns just aren't there if you are looking to make money, but as a store of value it is perfectly fine. Ethereum on the other hand I do not recommend holding. This is because the transaction fees are extraordinarily high and ETH has already seen it's day. I have a whole write-up on how to select the best projects to hold for returns. Kaspa is a layer one backed by many of the same individuals who contributed to not just Bitcoin's development, but also Ethereums. Kaspa solves the trilemma, that being security, scalability and speed. It is a fair launched project, meaning that no one individual can dump on you. It is the best crypto play of the decade and will absolutely be in the top 3 next to BTC. Kaspa is digital silver to Bitcoin's digital gold. If I were you, I'd do a little research into Kaspa and consider swapping your ETH for Kaspa as the upside is immense. My entire portfolio is Kaspa and I dumped everything in I had to invest at 2 cents and I have made a 7X return on my investment so far and the pumps are just getting started. For more information check out https://kaspa.org.

There is a lot that goes into investing in crypto and i may make separate posts on just how I have been able to navigate my way through the crypto space in order that I may help others do the same. There are a very specific set of criteria one must use in order to avoid getting wrecked.
CH Official
21.06.2024 09:26

5 z 16: cody_hurst_official

I do not recommend Ledger as cold storage as Ledger has admitted that they could, if requested by the government, hand over the seed phrase to the authorities, which is a huge no no in the world of crypto. Remember, not your keys, not your crypto. The firmware for Ledger's devices is closed source, meaning they could, at any time, push an update that could compromise the device. Not just this, but the device is inaccessible. Tangem does not have this problem since the cards themselves are not devices and thus don't require firmware.

Exchange tokens, like CRO, BNB and so on generally are also not great coins to hold either. Sure they may pump a little, but investors in crypto want the 100x or more returns, not just a 10X on their money. In just the last month, Brett for example has pumped 1600%, imagine if you had put $100 or $1000 into Bret when i found it? In February of this year, I put $1000 into a memecoin called Myro and turned it into $12,000. Again this was because I am able to vet projects. One clue s that the more centralized exchanges a coin/token is on, the more reputable it will be to hold. The market cap is also a great indicator as well. the number of tokens is irrelevant, only the circulating supply really matters as well as the token allocation. Fair launch is best, but many projects, like XRP for example are horrible holds. In the case of XRP, Ripple Labs owns around 60% of the supply, which amounts to a handful of individuals. They will constantly dump on you and thus the price will never be able to pump. Cryptos pump when they get listed on centralized exchanges, more specifically, tear one exchanges. This is because huge exchanges like Binance and Coinbase are what normies use which is where most of the major volume will enter through, and don't forget, centralized exchanges also need to buy the token/coin on the open market if it is a fair launch, like Kaspa. the act of buying the project on the open market means, by default, they will be pumping the price since they need to pack their bags to offer the project to the public, and exchanges make their money on fees, so it is to their advantage they list popular projects.

I had to learn all of this over the last 4 years and this is just a small part of the info I've got to offer.
CH Official
21.06.2024 09:41

6 z 16: magistral

@2, I agreed that tangem is great. I use it for 10 months and it's great.
ғᴜᴄᴋ ᴛʜᴇ ʜʏᴘᴏᴄʀɪsʏ
21.06.2024 13:19

7 z 16: balteam

Thank you for a lot of info, if you have any good courses accessible for blind, let me know. And I will check this project.

Zapraszam osoby posiadające piesy, lub chcące je posiadać, do dołączenia do grupy o psach przewodnikach.
21.06.2024 20:29

8 z 16: cody_hurst_official

Hi. I don't have a course per say, however my discord has a lot of info including how to vet projects step by step as well as all of my buy and sell alerts for moves i make. My website I'm still putting together, but there will be a lot of information there as well. My discord has channels for each of the projects i follow with pinned messages detailing why they are good projects to hold. To my knowledge, I am the only person who has found success in trading in financial markets. I know others charge money to join their VIP groups, but being blind myself and knowing the struggle of affording things, I'm just giving away this info and my personal trades for free in hopes others will follow in my footsteps. I have personal experience in dealing with blindness and government agencies and the struggle of getting a foot in the door of a 9 to 5 traditional job and i have to say that for a blind person it's just way harder than it really needs to be. You're also competing against everyone who has the same credentials as you might with the added advantage of being able to see. Of course, there are risks with everything, but being wise with what you buy and when to sell is well worth the risk, in my opinion. You can do amazing things with only $100. Obviously more will be easier to work with as you will be able to hold more than just one project thus giving you more opertunities for pumps. Having a stable source of income to allocate small amounts in a process called dollar cost averaging is definitely the way to go. I manage a couple portfolios for other people and they are quite happy with how they are progressing. However, managing other peoples' portfolios isn't something I offer as a service or even like doing myself, I am more about spreading the information and letting others make their own decisions - it takes the responsibility off my hands and it forces you to really take responsibility. It is a critical skill to learn, something I had to learn myself.

As a general rule of thumb, I recommend Kaspa be 80% of your portfolio and the other 20% allocated to riskier plays, mostly memes at this time, in order to accumulate more money to continue adding to your Kaspa bag and other very strong long term plays. Long term means the end of 2025. In crypto, it is all about new projects that have not seen a bull run, specifically projects that came out post 2021 bull run. We saw a bear market through 2022 and 2023 and the bull run of 2024-2025 is just now heating up. The money is made in projects that are not on tear one exchanges yet, so if you have access to LBank, MexC and other smaller tear two and three exchanges is a great start. Retail investors don't have the skills or knowledge on how to use VPN's and correctly use these sketchier exchanges and so most will wait until a tear one, like Binance or Coinbase lists them, but by then, earlier investors will have already had significant pumps and retail will just be pumping our bags. The mindset of retail is that if a project is not listed on a tear one, it must not be proven and therefore not a good investment or hold, but this is an incorrect way of thinking and is why most lose money in crypto. When Bitcoin is making new highs over $100,000 and the media is talking about it, retail will come in thinking they want to geta piece of the pie, only to have BTC fall back down to 60K. BTC was at $15,500 November 2022 and in the recent months surpassed it's all time high and is consolidating around it right now. Imagine if you had put money into BTC back then when everyone thought it was going to 8k or even 3K.

If you are interested to come through to the discord, here is the invite link. It does not expire:
https://discord.gg/UzBYwbB2Nm
CH Official
22.06.2024 00:22

9 z 16: magistral

How cool your posts are!
Well, as enthusiast I'd like to ask some questions to you :
1. Have you done so called airdrops, and if yes, tell me your experience.
2. Have you done trading and if yes, tell me how you do it as a blind person.
3. Did you have any bad experience with your invests? I mean maybe you lost money, etc.
I guess that's all for now.
*edit*
Other question is have you participated in some kind of project like cklicker, maybe ezzy. AKA Walk and get your cripto tokens, etc?
ғᴜᴄᴋ ᴛʜᴇ ʜʏᴘᴏᴄʀɪsʏ
22.06.2024 00:56

10 z 16: cody_hurst_official

Hi. To answer your questions:

1. Airdrops: Airdrops are mostly scams. Although some are legit, most airdrops are sent to wallets like Phantom and other browser based wallets in the hopes you will click on and intract with the tokens to try and cash them out. When you do so, it gives the person tht airdropped the tokens to you full access to your wallet and before you know it, all your money is gone. This happened to me with a Phantom Solana wallet a few months ago, although there was only dust in that wallet, about $20 so it wasn't a huge deal. I attempted to send a few dollars to the address and saw it never showed up and realized the wallet was compromised. Never interact with these tokens and for the sake of protecting your funds, never use hot wallets, unless for small amounts and always create new wallets when you want to swap or hold any amount of money on them.

2. I have done trading and I have had success with it. However, trading requires you are able to interpret charts, do technical analysis and keep your ear to the ground with price action. I do not have a system for doing reliable technical analysis, but Trading View does give a technicals page on most all assets. The technicals page on Trading View gives data on popular indicators such as oscillators, moving averages and support and resistance levels on common timeframes. Higher timeframes will be more accurate over lower timeframes. Setting buy orders at thesupport levels while taking into consideration where commonly looked at EMA's like the 10 and 20 can give insight. I am personally part of a couple private VIP groups where i am able to ask for a second opinion which helps. In addition, I have been working on a fully accessible charting solution that I would eventually like to make available for free for everyone to use. the proof of concept is complete and am happy with the progress but will require more development and help from others who have programming skills in javascript.

3. bad experience with previous investments: When i first began my journey into crypto investing I was in projects like XRP, Doge and other assets that I either sold early before the pump or that actually went down in value. I bought Vechain at 4 cents and sold it around 11 cents and made money on that trade. I also had my Coinbase account hacked and at the time I held around 0.06 BTC and 1 Ethereum that i had sent to my Coinbase account. I'm not sure how, but my account was hacked. Coinbase was no help in recovering these funds. I took a step back and thought about what mistakes I had made. The first of which was holding anything on any exchange. Exchanges can and will be hacked. The second mistake was the security of my accounts. I was using weak passwords and was not using 2 factor authentication. Since that time I have bolstered security on all of my email accounts and exchange accounts, use 2 factor authentication using an authenticator app where I can and have not had any issues since this time. Security is extremely important. The third mistake is that i was using a desktop hot wallet because it was easy to use which is a huge no no. Since then the wallet I was using has also been hacked, but I've been using cold storage exclusively and I am able to sleep easy at night.
4. Play to earn, walk to earn and other do to earn projects: While people have made money with these projects, they are not sustainable in the long term. I was doing watch to earn with a project called XCad for a while, where in you had to purchase an NFT which allowed you to make money watching Youtube videos. But because of the bear market, the ecosystem fell in value and made it not worth my time any further. I recovered about 20% of my initial $500 investment of the NFT. They also haulted the payouts and has since gone the way of every other do to earn scheme, like Steppin, which at first was very profitable.

Hope this helps.
CH Official
22.06.2024 02:37

11 z 16: cody_hurst_official

Criteria to vet prospective crypto projects. This is a brief overview, there is much more detail for each of these steps:
1. What narrative is the project? Good narratives include layer one/two, AI, gaming, metaverse and memes. Understand not all projects in these narratives are quality projects, some may be scams. Layer one's are always strong. Not all narratives pump at once, they come in waves. For example, memes are what are pumping right now. The more centralized exchange listings a project has, the more reputable it is.
2. Who are the team members? The better and more qualified the individuals involved, the better the project. Memes are the only sector that can have anonymous teams and still pump huge amounts as the team isn't as important as legitimate projects trying to solve real problems.
3. Was the project fairly launched? Meaning is the project really decentralized or do the founders hold a majority of the coins/tokens, E.G. Ripple and XRP?
4. What are the tokenomics? Ideally, a majority of the coins/tokens must be in circulation. Otherwise there may be a strong dilution as time goes on, voiding any gains the project might have had. You do not want large allocations to the team or for marketing or other purposes. What is the release schedule/mining schedule? FDV, or fully diluted volume is another metric that can give youinsight.
5. Is the project a proof of work or proof of steak? Proof of work projects are much more valuable since the coins/tokens must be mined using physical resources. Proof of steak means that more tokens are minted by others locking up their existing bags to yield a return. Basically this is printing money out of thin air. It doesn't mean POS projects cannot pump, but their foundation is built on almost nothing.
6. When was the project released? Project that already saw a bull run are less likely to see new highs again. They will pump, as will everything but investors are more interested in newer tech and newer opertunities.
CH Official
22.06.2024 02:52

12 z 16: magistral

Thank you for a quiq answer.
ғᴜᴄᴋ ᴛʜᴇ ʜʏᴘᴏᴄʀɪsʏ
22.06.2024 03:20

13 z 16: magistral

Yeah actually stepin was proffitable, and I also has participated in some other projects but they weren't proffitable like stepin.
ғᴜᴄᴋ ᴛʜᴇ ʜʏᴘᴏᴄʀɪsʏ
22.06.2024 03:26

14 z 16: cody_hurst_official

Yes, Steppin was very profitable for a while if you got n early, but the gains only lasted so long. I believe you had to purchase an NFT to use it and I think they even had a pair of shoes or something, but you had to recoup your initial NFT cost before you made any profit. I believe steppin was on Solana and 2021 was whn Solana really took off. I don't recommend holding solana this cycle though because the network is centralized, has problems going down periodically and recently has been having trouble processing transactions. It has also already seen a bull run. There is maybe a 10X left in the tank, not great considering there are much better projects to buy now. Kaspa will be releasing KRC20 tokens very soon and is likely what big money will begin flowing into. the port from Go to Rust is complete and once 100% of the nodes are running the new code base on Rust, the transaction rate will go from 1 block per second to 10 blocks per second with an ultimate goal of 100 BPS. It is the successor to Bitcoin and Ethereum. Actually, Kaspa is not a blockchain, it is what is called a block DAG which is far superior technology to blockchain, which adds blocks sequentially as they come in.
CH Official
22.06.2024 03:38

15 z 16: balteam

As for airdrops, I just don't care about them, because very often you have to instal any hot vallet, send something from 1 adres to the second one and so on, Almost all the time I had any problem with accessibility, I guess it isn't for us.
Zapraszam osoby posiadające piesy, lub chcące je posiadać, do dołączenia do grupy o psach przewodnikach.
22.06.2024 08:37

16 z 16: cody_hurst_official

Accessibility with hot wallets isn't necessarily a problem, it is just that airdrops are very very risky, especially those that are unsolicited. I have done them before and I have made some money on them but it isn't something I recommend participating in.
CH Official
22.06.2024 09:15