- Diggin In The Shitcoins #DITS
Diggin In The Crates, or DITC, is the age old journey that deejays, beat makers and rabid music junkies go thru as a religious duty to being the first on the block to own a copy of the rarest and most elusive music around.
Diggin In The Shitcoins, or DITS, is the new age journey that traders, market makers and rabid crypto junkies go thru as a religious duty to being the first on the blockchain to own the rarest and most undervalued shitcoins around.
You know you’re a true record junkie when you spend a weekend in a rat piss- filled basement of a south side Chicago Latin record music store just to score some rare private presses and sealed COKE albums. (Pro Tip: wear a mask.) If you’re not willing to risk your life in the Southside for wax then you could spend your weekends driving up and down Interstate 95 from North Carolina to NYC hitting every mom and pop thrift store within striking distance. Another clue you’re a record junkie -you worked at a record store for the minimum 4 hours a week just to score rare, limited edition promo copies and get that 40% discount for your weekly gigs. Are you willing to blindly give strangers on eBay hundreds of dollars at a time for uninspected boxes of Japanese and Russian pop and rock records just based off of the their cover art? Or maybe, like me and my crew, you’d be willing to do all of the above just to get that crazy -make you bug out like an eight- year old on pop rocks and sugar sticks- eight second loop nobody has flipped yet.
You know you’re a true shitcoin junkie when you spend a weekend in your Grandmother’s windowless, dry ass basement in the suburbs of Chicago creating anonymous accounts on a shady Russian exchange just to score some ICO tokens and seal an OTC deal with someone you’ve never met. (Pro Tip: Don’t risk it all.) If you’re not willing to risk your savings on a shady exchange for bitcoins then you could spend your weekends driving up and down Interstate 95 from North Carolina to NYC hitting every ICO Meet-Up within striking distance. Another clue you’re a shitcoin junkie -you work as a telegram moderator for the rare memes and early coin news just to score cheap tokens and get that guaranteed 2x weekly gain. Are you willing to blindly give strangers on the internet hundreds of dollars at a time for uninspected ICOs just based off of the their sick website design? Or maybe, like me and my crew, you’d be willing to do all of the above just to get that crazy -make you bug out like an eight- year old on pop rocks and sugar sticks- eight times profits nobody can relate to.
“Diggin In The Shitcoins” is the new “Diggin In The Crates.” I haven’t dropped a dime on a 45" funky drum break in nearly a year. Shout out to technology and Serato. DJ Premier and Peanut Buterin..er, Peanut Butter Wolf would be proud of the gems I’ve pulled. Look, not to brag on mah former bags but, I was among the first to play Stratis, Raiblocks and Pepecash at the club before DJ Khaled was air-horning on about how Centra Card “is theee best.” I flip records. I’m a producer. I flip shitcoins. I’m a trader.
When digging for shitcoins you have to weigh sentiment, industry clout, marketcap, ICO price, who are the devs, is the community solid, does the whitepaper have at least 7 popular blockchain buzzwords? Does the new coin promise governance using hashgraph and AI autonomous, distributed virtual reality across a DAO? INSTABUY THAT SHIT! (Please understand my sarcasm.)
The point is… Buying and trading shitcoins is not about finding the next bitcoin or monero. It is about finding the next coin people will say will replace bitcoin, ethereum and mooooonero. Accumulate those coins early and dump them for the real bitcoin (not bcash) and USD when everyone is drunk on the mad paper gainz. (Note: You can be rich in illiquid coins on paper all day playa but if you don’t realize those gainz and cash some out then please join my new ICO- Bucketcoin $BUCKIT- the coin that uses autonomous smart contracts to lease you buckets for your tears when your coin that was 5x last week is down 90% today.)
Now, if you have any killer instinct in you then you are probably asking, “Where do I find these elusive shitcoins, $crilla?” Well, firstly, let’s fall back a second. Before I give you the answer, let me be clear and give you some strong fucking advice. DO NOT INVEST OR GAMBLE MORE THAN YOU CAN AFFORD TO SPEND. (Ya ya ya STFU and gimme the sick gainz bro…) I recommend you “paper trade” or just invest a few hundred bucks into some bitcoin and then trade that for shitcoins for three months. You probably won’t make much and you may even lose half but, if you really study and learn then after three months you can decide if this is a market you can get comfortable in. I lost 70% my first three months of trading in 2015 but I learned a lot and it made my hands stronger. Learn some basic TA, follow good twitter people, join telegram groups and study sites like coinmarketcap.com (“CMC.”) Many a rabbit hole journey will start down CMC, especially when you get to pages 4,5,6,7.. etc.
“Scrilla, okay bro, I’m not into reading, so where do I find shitcoins and why do you call them shitcoins, seems harsh.” First of all, if you are not into putting in the work or reading then please shut this app down and carry on at your glorious service job making millionaires smile. You have to read. You have to inspect. You need to be in before the crowd. Same as records and loops. In the words of the legendary GZA “You gotta read the labels!” In the world of crypto you gotta read the Whitepaper! When you look at old vinyl, even before listening, you can get a sense of what the record will sound like just by examining the instrumentalists, producers, label, region and artwork. When you look at shitcoins you can get the sense of what the coin will do just by examining the developers and their history (many devs show up on many coins due to the nature of the new technology,) advisors, community, telegram groups and chart history. The parallels are infinite really.
Some say, “why do you call these crypto coins ‘shitcoins,’ aren’t you a believer that this is game changing tech?” I believe that blockchain and bitcoin, crypto money, e-cash, distributed ledgers etc. are here to stay, yes. The thing is, we can’t have 1400 shitcoins and expect everyone to work. Ninety-nine percent of these altcoins are shitcoins. They are copy cats. They are scams. They are waitresses and a graphic designer getting together to make automated Mars mining coins. (What?) At the time of this writing there are nearly 750 coins on coinmarketcap.com with a marketcap of over $1,000,000. LOLOLOLOLOLOLOL. If that doesn’t raise a red flag young blood then you must be crip (not crypt- ha see what I did there.) I personally like Bitcoin, EOS, Litecoin and Monero (check https://mea.business/ for lolz) and the shitcoins are the ones you flip for more bitcoins. Most of the people selling you these shitcoin ICOs are just trying to accumulate bitcoin, ethereum litecoins or your hard- earned cash money.
In conclusion, I am not an economist. I am not a financial guru. I’ve invested just a bit so I’m not rich. I’m not a famous crypto guy. I’m just a washed ass record producer who stumbled into a new way of flipping money for max gainzzzzzzz. Go find your next prospect and HODL until 100x. Good luck diggers.
Seriously, None of this is investment advice and like the Professor said only “self-styled dist sys experts” are worse (I have no idea what the fuck that is tho.)
- Date of publication:
- Wed, 02/14/2018 - 18:24
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