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that's cringe, my dude
'Based' means 'founded upon' to those of us who learned the the word more than 40 years ago.
More recently it's become a slang term used primarily on the Internet.
You can read more about it here: https://www.dictionary.com/e/slang/based/
(Googling 'based slang' will likely get you alternative takes on the word's origin/meaning as well.)
Now what constitutes a good opinion is another story.
Person 1: Hello, I hate [Insert a group of people based on race, sex, sexual orientation, or religion]
Person 2: BASED
I kind of forgot what it means, tbh.