Current Events > Cryptocurrency General Thread

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Rathinor
05/11/21 11:44:52 AM
#302:


CookieMarvin posted...
6x since this post lmfao
What coin?
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gna647
05/11/21 11:45:18 AM
#303:


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Akagami_Shanks
05/11/21 12:06:28 PM
#304:


Rathinor posted...
What coin?
probably shba

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yes
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CookieMarvin
05/11/21 12:52:53 PM
#305:


$ass. also people complain about gas fees on uni but tbh im losing more on slippage on pancake. u do not want to know what percentage of my gains i had to cough up to get that transaction to clear.

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jon1012
05/11/21 1:17:03 PM
#306:


Holding doge and eth2

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We are Borg.
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Akagami_Shanks
05/11/21 1:29:41 PM
#307:


doge is holding, i think it'll rise again, it's getting too close to a dollar to not make a push

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yes
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GirTheRobot
05/11/21 3:30:26 PM
#308:


What the hell is FEG? Where do I buy it? Binance? I use coinbase pro
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Slayer_22
05/11/21 3:49:59 PM
#309:


GirTheRobot posted...
What the hell is FEG? Where do I buy it? Binance? I use coinbase pro

I've been getting it through pancakeswap via trustwallet's d'app section.
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"And no I'm not signing your twitter after this type of attitude so don't ask..." - IIINCORRUPTIBLE
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GirTheRobot
05/11/21 5:08:43 PM
#310:


Slayer_22 posted...
I've been getting it through pancakeswap via trustwallet's d'app section.
@Slayer_22 I'm on Android and it doesn't seem pancake swap is on here.
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Slayer_22
05/11/21 5:16:59 PM
#311:


GirTheRobot posted...

@Slayer_22 I'm on Android and it doesn't seem pancake swap is on here.

https://youtu.be/1s_YI_v8TPY
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"And no I'm not signing your twitter after this type of attitude so don't ask..." - IIINCORRUPTIBLE
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CookieMarvin
05/11/21 5:35:55 PM
#312:


feeling a strong urge to go full degen on pancake shitters

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TheMikh
05/11/21 6:17:56 PM
#313:


jon1012 posted...
Holding doge and eth2
is eth2 a distinct token from standard eth? if so, how is it purchased?

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CookieMarvin
05/11/21 6:23:29 PM
#314:


isnt eth2 rn just eth staked in the eth2 lp?

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CapnMuffin
05/11/21 6:30:53 PM
#315:


Well

I just might be able to recover voided crytpo tokens worth $3K. Holding my breath on that but customer support seemed like they could help me. Well see.
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GirTheRobot
05/11/21 7:31:33 PM
#316:


i don't understand how to buy SHIB or what the hell uniswap is. none of it seems safe lol.
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TheMikh
05/11/21 8:37:49 PM
#317:


GirTheRobot posted...
i don't understand how to buy SHIB or what the hell uniswap is. none of it seems safe lol.
uniswap is safe enough - basically the gold standard of decentralized exchanges - but the volume of users trying to buy shiba on uniswap (and the bots front-running them for easy profit) is driving up gas fees across the entire ethereum network

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GirTheRobot
05/11/21 8:48:38 PM
#318:


TheMikh posted...
uniswap is safe enough - basically the gold standard of decentralized exchanges - but the volume of users trying to buy shiba on uniswap (and the bots front-running them for easy profit) is driving up gas fees across the entire ethereum network
i think i'll just buy on bitmarket and transfer to my trust wallet? does that seem reasonable and/or possible? @TheMikh
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TheMikh
05/11/21 9:01:36 PM
#319:


GirTheRobot posted...
i think i'll just buy on bitmarket and transfer to my trust wallet? does that seem reasonable and/or possible? @TheMikh

i'm not familiar with bitmarket, but to my understanding trust wallet supports erc20 tokens.

i don't personally use hot wallets, opting to keep my non-staked/non-pooled funds in a hardware wallet or on insured exchanges, but i have very low risk tolerance with respect to storage.

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#320
Post #320 was unavailable or deleted.
GirTheRobot
05/11/21 10:57:02 PM
#321:


what are gas fees? i'm new to all this stuff
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TheMikh
05/11/21 11:32:40 PM
#322:


Bullet_Wing posted...
FegEx gonna be gunning for Uniswaps place. Having a ETH /BNB bridge will be huge
bridging the two ecosystems will be interesting, and definitely pose an existential threat to eth-based dexes.

GirTheRobot posted...
what are gas fees? i'm new to all this stuff
gas is paid to miners to execute and verify the execution of smart contract code, similar to transaction fees, only necessarily more expensive.

users can bid for priority with respect to this, similar to transactions. this is especially the case when interacting with decentralized exchanges, where transactions are very time-sensitive.

worsening the situation, there are bots programmed to outbid users making large market orders in order to drive up the price and then rapidly sell at a premium for easy profit, similar to how high frequency traders operate on wall street.

so between humans bidding, bots bidding, and eth's price soaring before prices can adjust accordingly, gas is just really, really expensive. something like $250 for high-priority uniswap trades at the moment, and $60-$80 to send erc20 tokens. by comparison, uniswap trades were like $22 on the afternoon of may 1st.

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#323
Post #323 was unavailable or deleted.
TheMikh
05/12/21 3:43:25 AM
#324:


Future_Trunks posted...
So pissed I missed out on polygon

god damn was about to get in when it was 0.30 but decided to stay all in SOL

fucking frustrating
as long as gas prices remain obscene, sidechains will be that much more valuable

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LastTomorrow
05/12/21 9:24:26 AM
#325:


Should I add coinbase wallet so I can transfer from coinbase to wallet?

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Waffle, waffle, waffle
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TheMikh
05/12/21 2:46:12 PM
#326:


vitalik buterin has earned his reputation of "benevolent dictator" today

crashing the meme economy with no survivors to save the network

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#327
Post #327 was unavailable or deleted.
#328
Post #328 was unavailable or deleted.
emblem boy
05/12/21 3:06:05 PM
#329:


Bullet_Wing posted...
[LFAQs-redacted-quote]

Kanjo was really enthusiastic about it, so I looked into it and threw around 10k into it when we were one zero less and in the 1s

I'm now at a little over 250k


What excited you about it
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GirTheRobot
05/12/21 3:16:23 PM
#330:


Bullet_Wing posted...
Kanjo was really enthusiastic about it, so I looked into it and threw around 10k into it when we were one zero less and in the 1s

I'm now at a little over 250k
we talkin bout feg?
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Sad_Face
05/12/21 3:21:43 PM
#331:


TheMikh posted...
worsening the situation, there are bots programmed to outbid users making large market orders in order to drive up the price and then rapidly sell at a premium for easy profit, similar to how high frequency traders operate on wall street.

I was just reading up on MEVs to see how big of a problem it is.

https://www.coindesk.com/miners-front-running-service-theft
https://www.coindesk.com/ethereum-mev-frontrunning-solutions

Even worse, people are speculating Vitalik is complicit in this mining cartel due to how a number of top players at the Ethereum foundation lashed out at this article and now Vitalik made a recommendation for Uniswap, the main scene where these crimes take place, to be an oracle provider when Chainlink is already the standard.

https://gov.uniswap.org/t/uni-should-become-an-oracle-token/11988

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#332
Post #332 was unavailable or deleted.
#333
Post #333 was unavailable or deleted.
emblem boy
05/12/21 4:43:36 PM
#334:


The main idea behind FEG is to provide a decentralized transaction network which operates on the Ethereum blockchain. The path forward for FEG is determined by market fluctuations, but the model it runs on begs FEG to succeed.

FEG is a deflationary token with a max circulating supply of 100 Quadrilion. On each transaction, a tax of 1% will be distributed to the holders and a further 1% will be burnt, hence incentivizing holders to hodl and decreasing the supply overtime. As the supply decreases, the scarcity of the token increases. This inversely-proportional relationship constitutes a supply and demand model. Furthermore, there is no limit as to how many tokens can be burnt. Without a burning limit you know what happens next.


Bro, what does that mean.
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GirTheRobot
05/12/21 4:49:11 PM
#335:


Slayer_22 posted...
https://youtu.be/1s_YI_v8TPY
@Slayer_22 once I have the token in my trust wallet, let's say i want to cash out. do i then use pancake swap again to convert it back to BNB? how do I get BNB into my bank account or into my coinbase account? How do I convert it back to fiat USD?
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CookieMarvin
05/12/21 5:35:28 PM
#336:


vitamin fucking destroyed the doggy coin kids today. but my stupid ass scam coin had not sent him the LP. massive dub for $ass holders.

also not to jump the gun or anything, but it looks like my sweet, sweet $bepro, the love of my life, is starting to move again. when it hits $.12 Im going to spend relatively irresponsible amounts of money in celebration

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CookieMarvin
05/12/21 5:38:02 PM
#337:


GirTheRobot posted...
@Slayer_22 once I have the token in my trust wallet, let's say i want to cash out. do i then use pancake swap again to convert it back to BNB? how do I get BNB into my bank account or into my coinbase account? How do I convert it back to fiat USD?
token -> bnb -> usdt -> coinbase

OF NOTE, if u want to send usdt to coinbase, it has to be USDT ERC20, not BEP20 or whatever. so ur best bet to figure that out without paying fees thru the nose is to go bnb to usdt on binance or kucoin

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CookieMarvin
05/12/21 6:26:21 PM
#338:


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Rob Cesternino
05/12/21 6:43:40 PM
#339:


https://twitter.com/elonmusk/status/1392602041025843203

Relax, it probably just means hes gonna announce Tesla is buying Ethereum instead

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Stop asking me if I'm Jessica Simpson. Jewish girls
Survivor is the greatest show EVER. are hawt
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3PiesAndAFork
05/12/21 6:45:44 PM
#340:


Fuck, everything is tanking. Hopefully he announces ADA and DOT are the future.

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@('_')@
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CookieMarvin
05/12/21 6:51:15 PM
#341:


Rob Cesternino posted...
https://twitter.com/elonmusk/status/1392602041025843203

Relax, it probably just means hes gonna announce Tesla is buying Ethereum instead


guess again?

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2Pacavelli
05/12/21 6:54:31 PM
#342:


The great pivot is coming

This is why XRP and XLM are important. They're saying Bitcoin is unsustainable after promoting it for the last 5 months and not speaking on XRP which is carbon neutral because they know it is the answer so they need to keep the price depressed as long as possible so they can accumulate as much as possible
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emblem boy
05/12/21 7:10:18 PM
#343:


Where can you buy XRP at anyway?
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2Pacavelli
05/12/21 7:18:52 PM
#344:


emblem boy posted...
Where can you buy XRP at anyway?

I use Atomic Wallet to get it. I buy XLM then send to Atomic Wallet and swap for XRP

You can also use Bittrue which is a USA based exchange
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jon1012
05/12/21 7:19:40 PM
#345:


CookieMarvin posted...
isnt eth2 rn just eth staked in the eth2 lp?

basically

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We are Borg.
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2Pacavelli
05/12/21 7:20:12 PM
#346:


XRP is also near instant transactions, scalable for Millions and Billions of users and extremely low fees. Theres nothing more to want in a currency functionally
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Akagami_Shanks
05/12/21 7:22:45 PM
#347:


XRP is on trust but turst has min $50 purchase

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emblem boy
05/12/21 7:28:37 PM
#348:


I have a few hundred XRP I bought back in 2017. So just keep holding?
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Pitter-patter, let's get at 'er
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2Pacavelli
05/12/21 7:29:33 PM
#349:


emblem boy posted...
I have a few hundred XRP I bought back in 2017. So just keep holding?

Yes don't sell
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Akagami_Shanks
05/12/21 7:38:18 PM
#350:


yall think XRP going to the moon?

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2Pacavelli
05/12/21 7:40:31 PM
#351:


Akagami_Shanks posted...
yall think XRP going to the moon?

I'm holding onto at least $10. First started buying at .30-.40 cent
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