The Crypto Thread

cool we can do the ITS OVER 9000 meme soon for ETH

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LINK is actually one of my bigger holdings but I’ve been itching to sell it

ITS OVER 400!

Sell? Are you crazy? Haven’t you heard the Link Marines on Twitter? It’ll be over $1,000 by next month!

I have no idea how I missed the LINK MARINES and I’ve had Link since it was $2 last year.

thanks I hate it

definitely selling this shit

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Private Ikioi reporting for duty.

I will say though, there are some wealthy Marines out there.

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The link marine stuff is what kept me from buying LINK at like 10c-25c and maybe even lower, so I wouldn’t discredit it. Meme magic is real, I know that now. The more memes behind a crypto the more it go up

Anyone have any thoughts about Terra/LUNA?

Another coin with a solid army of boosters.

So it took a week. 5k next.

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@6ix I was still sitting on a bunch of CKB, just sold most of it taking (some) advantage of a 80% pump vs BTC in the past hour. Wanted to consolidate into BTC a bit more anyway, so I’m glad I noticed the pump, although I have no idea why it’s doing that.

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Lolll just had the stupidest conversation with my partners’ sister who is up 300% or something in 3 months buying crypto. Says it’s the future and then when I asked her what it would do and of course she didn’t know but instead said that anything anti government is the future. Whuh?!

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Is there forum consensus on the best/most reputable ways to purchase/sell crypto currencies? I’m finally caving to pressure and am ready to become a crypto millionaire.

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PayPal has been mentioned if you want to mostly buy and hold. Coinbase fees are high but I’m sure many people use it. What’s 2% when we’re headed for 100000% gains? … I have money there. Both CB and PP are super easyto use, but I am interested in what other answers people give.

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I started with regular Coinbase because it’s easy, but once you get the hang of markets Coinbase Pro has way less fees (and it’s free, using the same login as Coinbase). The fees on Binance are even less, and they have many more coins on offer. Both Binance and Coinbase are big exchanges where, if you don’t want to deal with cold wallets, your crypto is likely to be ā€œsafestā€ to keep on.

Honestly, the regular Coinbase fees are ridiculous, and it still pains me that I actually paid them at the start.

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The fees you are paying, not paying using Coinbase Pro. … are you trading in and out of positions? Is this a factor for people who are buy/hold in chunks for periods of time?

I looked at CBP, got overwhelmed, and retreated to PayPal.

I don’t follow the twitter or reddit convos–is XLM rising as a meme or is it just catching up to its peers? It’s my largest holding by far and has been sitting in a wallet since 2017. I’m just trying to figure out whether I need to move it to an exchange to sell to take advantage of this pump or if I can just hold it.

TBH I’ve done ~zero research since 2017 so no idea if it even has value anymore, maybe I’m a sucker for considering holding.

This isn’t the most practical way to look at it, but, say we buy 100$ of bitcoin and we get charged a ludicrous 2-3%. Then it goes up 100x. Sure we’re up 9600-9700$ but we ended up paying 200-300$ for our 100$ of bitcoin.

Lol.

Like I said it’s not the most practical way to look at it but it’s a funny illustration of how fees add up.

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In the time I told you about that one I’ve made two other trades with CKB and probably would have made a third to capitalize on the pump you just did if it didn’t slip my mind.

Are you buying or selling?

What made Coinbase great is that they had 0 maker fees. A ā€˜maker fee’ is for if you place an order in the book. This is opposed to a ā€˜taker fee’ where you just buy whatever the current order in the book is. The big thing that changed is not that they starting charging a fee for maker orders, they made the maker and taker orders the same. So, now you don’t have to bother with any confusion and just place a taker order. Here’s a tutorial:

In this case I’m gonna hypothetically sell my ONE LITECOIN (I’m not really cuz that shit is going OVER 9000). I go up to select market and pick LTC-USD for the litecoin and USDollars market.

Then I click sell and select ā€˜market’ (it’s the automatic first selection but I’m being thorough) because I’m selling whatever the current price is. It’s called a ā€˜taker’ order because I’m theoretically taking form the market, as opposed to the ā€˜limit’ option, where it’d be a ā€˜maker’ order because I’m placing an order in the book and ā€˜making’ a market.

Then if I’m selling off I’d click max, otherwise insert the amount, and click ā€˜place sell order’,

I’ll admit it’s unnecessarily confusing, probably intentionally, because for one, when you look up the fees it describes them as ā€˜taker’ vs ā€˜maker’ and not ā€˜market’ vs ā€˜limit/stop limit’. Also, the ā€˜place sell order’ button is the same regardless, even though for a market order we’re not actually ā€˜placing’ an order because it’s an order than will be immediately filled.

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