Lanx
<Prior Amod>
- 60,535
- 132,456
like the diamond hands is to hold, ppl are getting the opposite and trying to sell
- 1
Bitcoins/Litecoins/Virtual Currencies
- Thread starter Tripamang
- Start date
Tmac
Adventurer
- 9,277
- 15,733
I made $1770 in proft bc Wingz randomly mentioned it, so I realize I'm definitely playing w fire if I get back in.
I'm finding myself in the same boat as
swayze22
when it comes cyrpto. The heating and cooling is easier for me to follow than typical stonks. I guess bc it's way more volatile over a longer period of time and therefore more obvious. SHIB is the first time I've actually swing traded.- 1
Tmac
Adventurer
- 9,277
- 15,733
Mist
Eeyore Enthusiast
- 30,362
- 22,121
Baby Shib going to the moon though:
coinmarketcap.com
Baby Shiba Inu price today, BABYSHIBAINU to USD live price, marketcap and chart | CoinMarketCap
The live Baby Shiba Inu price today is $0.000000002456 USD with a 24-hour trading volume of $43,687.48 USD. We update our BABYSHIBAINU to USD price in real-time.
coinmarketcap.com
- 1
- 1
reavor
I'm With HER ♀
- 4,762
- 16,496
Intrinsic
Person of Whiteness
- 14,218
- 11,607
Gas fees? I just keep Ethereum Gas Tracker | Etherscan open in another tab and catch it when it is low. If you connect your Metamask wallet to Uniswap any time you execute a transfer you'll get prompted in Metamask to confirm. Part of that confirmation process will tell you the estimated cost in GWEI and $, ETH, whatever. So you can always cancel it if it is too high.
Currently, as of this post, yes they're a little high. If I move anything and am patient I can catch it when it is around 40 or less GWEI.
- 10,480
- 54,060
Set your price targets and stick to them, IMO. Just be sure to factor in any txn fees or slippage you get charged along the way, they can really eat into your profits.
Tmac
Adventurer
- 9,277
- 15,733
I typically don't worry about taxes bc I don't sell, but yes, I have a spreadsheet that includes short-term capital gains.
Mist
Eeyore Enthusiast
- 30,362
- 22,121
Tmac
Adventurer
- 9,277
- 15,733
- 10,480
- 54,060
Not taxes, txn fees: transaction fees, sorry for not being clear. Probably from coinbase in your case, or the gas fees if you're using Uniswap or some other similar exchange.
For instance, with FLOKI, you have to set your slippage on Uniswap to 9% or the trades don't go through. You have to factor that into the math if you're doing swing trades, IE whatever your price targets are have to be higher than the 9% either way plus the gas fees or you're losing money. When I looked at SHIB it also had a non-standard slippage rate (usually .5%) for trades to go through, but I didn't find out what it was. No idea how coinbase is doing it, but I seem to recall their rates being pretty rapey.
Tmac
Adventurer
- 9,277
- 15,733
Oh, I use Coinbase Pro, so fees are 0.0025%.
For example, when I sold SHIB for $2500, I paid $10 to Coinbase.
Mist
Eeyore Enthusiast
- 30,362
- 22,121
And this is why I just use greyscale shares for swing trading. The fees are like a penny.
Flobee
Vyemm Raider
- 2,603
- 2,991
White House Weighs Wide-Ranging Push for Crypto Oversight
The Biden administration is weighing an executive order on cryptocurrencies as part of an effort to set up a government-wide approach to the white-hot asset class, according to people familiar with the matter.
www.bloomberg.com
- 5
Mist
Eeyore Enthusiast
- 30,362
- 22,121
Yes, we need like 10x more of this FUD so we can all buy some more.White House Weighs Wide-Ranging Push for Crypto Oversight
The Biden administration is weighing an executive order on cryptocurrencies as part of an effort to set up a government-wide approach to the white-hot asset class, according to people familiar with the matter.
- 1