Exchanges will let you buy any crypto, or any derivative, so long as it makes them money.

There’s going to be new people in 2024 and 2025, so maybe there’s a chance that I am posting this a little bit too early.

If you’re buying whatever is getting pushed on youtube by a youtuber, there’s a chance you’ll make some money, there’s a chance you’ll lose some money. The exchanges don’t care about that. They care about the fees that you pay when you trade…

You know, that fee you paid when you traded USDT or FIAT for that one coin you wanted? And then that other fee you paid when it went down in value and you hopped onto the next hyped coin? And then that other fee you paid to withdraw that coin from the exchange and put it on your hardware wallet or hot wallet? Yeah, you and tens of thousands of other people paid the same fee, netting the exchange(s) a few thousand dollars.

This is precisely why you see exchanges promoting -insert coin here- trading contest. They take the trading fees. And if there are derivatives on it, that’s even more beneficial to the exchange because then you are literally gambling against the house. It is also the same exact reason why you see the exchanges willing to take meme coins and promote trading of said meme coins on their exchanges.

The only “solid” strategy is to buy a project that has proven use case and accumulate it.