The Crypto Thread

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

1 Like

LINK is actually one of my bigger holdings but Iā€™ve been itching to sell it

ITS OVER 400!

Sell? Are you crazy? Havenā€™t you heard the Link Marines on Twitter? Itā€™ll be over $1,000 by next month!

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

thanks I hate it

definitely selling this shit

3 Likes

Private Ikioi reporting for duty.

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

1 Like

The link marine stuff is what kept me from buying LINK at like 10c-25c and maybe even lower, so I wouldnā€™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.

1 Like

@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 Iā€™m glad I noticed the pump, although I have no idea why itā€™s doing that.

1 Like

Lolll just had the stupidest conversation with my partnersā€™ sister who is up 300% or something in 3 months buying crypto. Says itā€™s the future and then when I asked her what it would do and of course she didnā€™t know but instead said that anything anti government is the future. Whuh?!

1 Like

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

2 Likes

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

1 Like

I started with regular Coinbase because itā€™s easy, but once you get the hang of markets Coinbase Pro has way less fees (and itā€™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 donā€™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.

3 Likes

The fees you are paying, not paying using Coinbase Pro. ā€¦ 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 donā€™t follow the twitter or reddit convosā€“is XLM rising as a meme or is it just catching up to its peers? Itā€™s my largest holding by far and has been sitting in a wallet since 2017. Iā€™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 Iā€™ve done ~zero research since 2017 so no idea if it even has value anymore, maybe Iā€™m a sucker for considering holding.

This isnā€™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 weā€™re up 9600-9700$ but we ended up paying 200-300$ for our 100$ of bitcoin.

Lol.

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

1 Like

In the time I told you about that one Iā€™ve made two other trades with CKB and probably would have made a third to capitalize on the pump you just did if it didnā€™t slip my mind.

Are you buying or selling?

What made Coinbase great is that they had 0 maker fees. A ā€˜maker feeā€™ is for if you place an order in the book. This is opposed to a ā€˜taker feeā€™ 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 donā€™t have to bother with any confusion and just place a taker order. Hereā€™s a tutorial:

In this case Iā€™m gonna hypothetically sell my ONE LITECOIN (Iā€™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€˜marketā€™ (itā€™s the automatic first selection but Iā€™m being thorough) because Iā€™m selling whatever the current price is. Itā€™s called a ā€˜takerā€™ order because Iā€™m theoretically taking form the market, as opposed to the ā€˜limitā€™ option, where itā€™d be a ā€˜makerā€™ order because Iā€™m placing an order in the book and ā€˜makingā€™ a market.

Then if Iā€™m selling off Iā€™d click max, otherwise insert the amount, and click ā€˜place sell orderā€™,

Iā€™ll admit itā€™s unnecessarily confusing, probably intentionally, because for one, when you look up the fees it describes them as ā€˜takerā€™ vs ā€˜makerā€™ and not ā€˜marketā€™ vs ā€˜limit/stop limitā€™. Also, the ā€˜place sell orderā€™ button is the same regardless, even though for a market order weā€™re not actually ā€˜placingā€™ an order because itā€™s an order than will be immediately filled.

4 Likes