Bitcoins/Litecoins/Virtual Currencies
- Thread starter Tripamang
- Start date
Woefully Inept
Ssraeszha Raider
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Just came to complain about the fucking insane ETH gas prices. Trying to swap some ETH for other crypto on uniswap and it's fucking $200+ to swap like $50 worth of crypto? LMAO what?
Rajaah
Honorable Member
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See a couple pages back when I was trying to do a simple transaction on there and ended up cashing out all of my Uniswap money because I couldn't deal with it anymore. It cost me like $250 in fees just to manage to extricate my money out of that platform.
Considering setting a SHIB sell order at .000077 to take a small profit and go back to USD for now so I can ultimately get back to BTC.
...If I do that there's a 100% chance it'll blow right past my sell order and go to the moon, probably off a RH announcement, and probably while I'm sleeping.
If you don't believe me, it looks like Mana QUINTUPLED to an ATH (3x the previous ATH) right after I sold it a few days ago.
Rajaah
Honorable Member
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Before you go "u y no hodl", I'm not gonna hodl Mana. It's a swing trade. Same goes for Shiba, which at the end of a day is still a memecoin. I do want to hodl BTC but I'm not gonna buy it at 60k and then watch it sit at 30-40k for months. The main reason I have crypto money to play with at all is because my first crypto trade was buying BTC for 33k and selling it at 62k.
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Supposedly ETH2: The Sequel is going to be coming along soon to fix some of that. But yeah, since the NFT craze gas fees are consistently somewhere between Ass and Professional Hijacking. OTH, high gas fees do a bit to tamp down the volatility on a lot of things, so it does have a small upside.
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They're already admitting that it will make gas prices "somewhat better". But I'm still betting (i.e. by my $MATIC holdings) that they will still need Layer 2, and more tokens need to post to Polygon to take advantage of it.
High ETH prices are already making most of the NFT game a "rich kids only" club.
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Lanx
<Prior Amod>
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guess i'll be HODL'in mana and shib now
i actually bought 300$ more in mana by accident last night, i did a 200 order in binance and they said it didnt go through, so i tried 200again and they said it didn't go through then i thought (since this is my first binance purchase) 200 is trippin the system so i'll do 100, and it didn't go through
then it says all your orders went through, jesus binance is scarier to use than coinbase, are these our 2 best trading platforms?
Arden
Blackwing Lair Raider
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Yep, I've stopped buying crypto for the time being because Binance is so awful (and it's pretty much the best option for US people who don't want to use VPN workaround stuff).
I'll be honest, as shitty as RH is, once they start allowing you to xfer your crypto off their system (which is apparently already in the works) I'll probably use them for crypto purchases since the actual exchange experience is so much better than anything else out there and the buying/selling is "free."
It isn't really "free" of course, it only seems like it is, but even considering that, it will still be cheaper than all other current options.
The only thing I would hesitate to do while using Robinhood is try and swing trade with super volatile meme stocks since Robinhood is awful with that type of thing. But since I don't do that that won't really affect me. All I need to do is be able to buy for extremely cheap and then move my stuff off the exchange in the cold storage.
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Arden
Blackwing Lair Raider
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Looking like this was actually a really good scam. You could buy squid but once you bought it you realized you couldn't sell it. They had some complicated explanation like you had to buy "marbles" with the squid, you couldn't just sell it outright. Either way, the result of everyone being able to buy squid but not sell it resulted in the price skyrocketing, which (of course) increased demand and made more people buy it, who also couldn't sell it.
All this meant not only did the price go way way up, but it went up super quick (important since it was a scam). Then the creators of squid cashed out and probably made millions (if not billions).
Lanx
<Prior Amod>
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it jumped from 600 to 1700 in like 5minutes
around 2:45 is when shenannagins start and they cashed out at 5am
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Rajaah
Honorable Member
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Rajaah
Honorable Member
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Yeah, I'm also a big fan of RH's interface, overlooking what they pulled earlier this year and what a faggy elf the CEO is. The interface is slick and better than Coinbase or Binance.
Kiroy
Marine Biologist
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Lanx
<Prior Amod>
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i choose coins by way of a wall st monkey... randomly and figured...
i like rpgs, MANA looks good, buy
Rajaah
Honorable Member
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Flobee
Vyemm Raider
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Yea, the ones that fled could have brought some of their wealth with them, rather than lose everythingonly if the jews had some bitcoin back in germany