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Bitcoin-Explain to me how to buy these things (2 Viewers)

FreeBaGeL said:
Jesus.  Just getting started with DeFi and buying some stuff beyond what you can get on coinbase.  $105 gas fee to buy $592 worth of HEX?  Is that normal?
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gas fees fluctuate with network congestion, but yeah, it's certainly not abnormal. I bought a couple 5 figure bags of hex which made it much more tolerable. You can get a 10-20% gas discount by using wETH. It's a simple conversion. Other than that... no help. As Cranks has been pointing out with nfts, small purchases on eth suckgasballs.

 
I picked up some $140s on the dip.  Not a great feeling after I sold $60s, then $80s, then $110s, but I think this thing will be $500 within the next year.

 
brun said:
Since converting to a binance.us account from the old binance I haven't been able to complete the verification process. Customer service says it's due to some backup on their end but it's been several months. I'm done with it and would just like to close my account and transfer what's there.
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Same for me, and the support ticket I have is comical.  They keep telling me to upload my driver's license, then I upload my Utah driver's license, and they tell me sorry Connecticut is not supported.  I've never even been to Connecticut.

 
Mr. Whale

@CryptoWhale

BREAKING: Dozens of crypto exchanges have now halted crypto withdrawals and deposits. This includes: - #Gemini - #Kraken - #Binance - #Newton - #CoinBase - #FTX - #Huobi

Good luck buying or selling on the central exchanges. They should be fined for this. DEXs guys. Get off the central exchanges. Uni, Cake, 1inch... doing fine.

 
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Chaos Commish said:
Mr. Whale

@CryptoWhale

BREAKING: Dozens of crypto exchanges have now halted crypto withdrawals and deposits. This includes: - #Gemini - #Kraken - #Binance - #Newton - #CoinBase - #FTX - #Huobi

Good luck buying or selling on the central exchanges. They should be fined for this. DEXs guys. Get off the central exchanges. Uni, Cake, 1inch... doing fine.
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Is that why I have a bunch of double digit red numbers by all my crypto?

 
Chaos Commish said:
Mr. Whale

@CryptoWhale

BREAKING: Dozens of crypto exchanges have now halted crypto withdrawals and deposits. This includes: - #Gemini - #Kraken - #Binance - #Newton - #CoinBase - #FTX - #Huobi

Good luck buying or selling on the central exchanges. They should be fined for this. DEXs guys. Get off the central exchanges. Uni, Cake, 1inch... doing fine.
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Not ETH Dexes.  It's currently $2,500 in gas to do a swap on Uni. 

Only $5K to buy an NFT right now.  LOL.  

 
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Chaos Commish said:
Well you cold watch the vid in the link. :)

Basically he claims SOL is miles ahead of any other "eth killer" and it will be #3 in market cap, so it will pass ADA. 
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Got it so dump ADA and buy SOL on Chaos Commish's recommendation. Way to step up GB!  :thumbup:

Chaos Commish said:
Mr. Whale

@CryptoWhale

BREAKING: Dozens of crypto exchanges have now halted crypto withdrawals and deposits. This includes: - #Gemini - #Kraken - #Binance - #Newton - #CoinBase - #FTX - #Huobi

Good luck buying or selling on the central exchanges. They should be fined for this. DEXs guys. Get off the central exchanges. Uni, Cake, 1inch... doing fine.
Click to expand...
How do they get away with doing that? I assume I agreed to it when I signed up for Coinbase but my stupidity should not be held against me.

 
beer 30 said:
Got it so dump ADA and buy SOL on Chaos Commish's recommendation. Way to step up GB!  :thumbup:

How do they get away with doing that? I assume I agreed to it when I signed up for Coinbase but my stupidity should not be held against me.
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Probably something better to dump than ada. Just because sol is on fire, doesn't mean ada isn't strong too. George's recommendation not mine. And he isn't suggesting ada is "coming back" to sol. Just that sol is passing everything but eth and btc. 

 
Chaos Commish said:
Probably something better to dump than ada. Just because sol is on fire, doesn't mean ada isn't strong too. George's recommendation not mine. And he isn't suggesting ada is "coming back" to sol. Just that sol is passing everything but eth and btc. 
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Yea i know, just messing with you. I know how much you love making predictions for folks.

 
Chaos Commish said:
Mr. Whale

@CryptoWhale

BREAKING: Dozens of crypto exchanges have now halted crypto withdrawals and deposits. This includes: - #Gemini - #Kraken - #Binance - #Newton - #CoinBase - #FTX - #Huobi

Good luck buying or selling on the central exchanges. They should be fined for this. DEXs guys. Get off the central exchanges. Uni, Cake, 1inch... doing fine.
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I really do love CAKE.  It's so refreshing to use.  Wish they carried more tokens.  

 
FreeBaGeL said:
Jesus.  Just getting started with DeFi and buying some stuff beyond what you can get on coinbase.  $105 gas fee to buy $592 worth of HEX?  Is that normal?
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I think the gas fees are kinda a flat fee depending o time of day etc.  not dependent on how much you are buying/xferring.

so, you kinda have to invest more to make it worthwhile

 
KGB said:
I think the gas fees are kinda a flat fee depending o time of day etc.  not dependent on how much you are buying/xferring.

so, you kinda have to invest more to make it worthwhile
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Yea, I bumped it up to $2k but gas fees were even higher today, so I was going to wait until late tonight when fees are lower. Meanwhile HEX ran from 0.34 to 0.42 while the ETH sitting in my metamask wallet dropped 15%.

I'm doing awesome at this so far. 

 
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FreeBaGeL said:
Yea, I bumped it up to $2k but gas fees were even higher today, so I was going to wait until late tonight when fees are lower. Meanwhile HEX ran from 0.34 to 0.42 while the ETH sitting in my metamask wallet dropped 15%.

I'm doing awesome at this so far. 
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https://etherscan.io/gastracker

The middle one is the one we use for hex I think.  Uniswap Swap

I usually find it under $70

 
So everyone on reddit was freaking out about a crash.

24 hours later.  SOL +20%

HEX up 20%

ALgO up hugely 43%  :banned:   I just got out of ALGO a few weeks ago, but conrgrats to all!

 
KGB said:
So everyone on reddit was freaking out about a crash.

24 hours later.  SOL +20%

HEX up 20%

ALgO up hugely 43%  :banned:   I just got out of ALGO a few weeks ago, but conrgrats to all!
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I sold everything I own and out it into SOL at $178 around noon today.  Was the smartest move ?  Probably not.  Am I feeling pretty good ?  Yup.

 
It's funny...I was mad at myself when I missed getting in SOL at $26 and ended up buying around $35.

I think that shows that if you like a crypto, buy it and don't sweat missing a little bit of money from not buying at a lower price point. Not saying don't buy the dips but....no ragerts. 

 
KGB said:
So everyone on reddit was freaking out about a crash.

24 hours later.  SOL +20%

HEX up 20%

ALgO up hugely 43%  :banned:   I just got out of ALGO a few weeks ago, but conrgrats to all!
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It's time for all the third tier ecosystems to pamp.  ATOM, DOT, ALGO, EGLD, and ONE all cranking.

 
eoMMan said:
It's funny...I was mad at myself when I missed getting in SOL at $26 and ended up buying around $35.

I think that shows that if you like a crypto, buy it and don't sweat missing a little bit of money from not buying at a lower price point. Not saying don't buy the dips but....no ragerts. 
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:goodposting:

I got in late to the game on SOL but my dollar averaging cost is $95.70 right now so still happy with the run. Same with ALGO although I've been big on them for a while, in at $0.85 right now. My problem is I don't have as many zero's after my investments as some of you do so the gains are good just not real large.

Hoping some of these flyers really take off. Looking square at you AMP, CHILIZ, ALCHEMY and IOTEX. FETCH.AI has been a nice gainer too, in at $0.37, sitting at $0.98 now.

 
Captain Cranks said:
Quick update on my top 5 long term rankings, in order:

ADA, BTC, SOL, DOT, and ETH.

I don't think this has changed much since the last time I listed it other than dropping LINK for SOL.  
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It's been a quarter, so time to refresh my top 5, in order:

SOL - The system is just getting up and running with some awesome projects (Star Atlas) and people are fleeing ETH's NFT market because of the gas fees.  Despite its torrid run, its market cap is still 1/7 of ETH. 

BTC - Still the OG crypto which will get gobbled up by institutions once the regulatory landscape is clearer.  Keep in mind that its upside is muted relative to the alts, so expect relative underperformance, but it's the safest play.

ADA - Still great upside despite its recent 2X, but SOL has a head start and devs need to learn how to build on it which could take time.

ILV - Ambitious Play to Earn gaming ecosystem led by competent team that offers huge staking rewards.  You'll need to stake in order to keep up with the supply dilution, however.

ETH - Still not sold on this ecosystem given the high transaction costs, but for now it's where the big boys play and if it can incorporate Layer 2 solutions and transition to PoS smoothly, should do well over the coming months.  Be cautious of the supply dump once the ETH 2.0 staking unlocks occur, however.   

Gaming Moonshots:  SAND, WILD, VPP, DERC, ALU, and HERO.  

 
Captain Cranks said:
ETH - Still not sold on this ecosystem given the high transaction costs, but for now it's where the big boys play and if it can incorporate Layer 2 solutions and transition to PoS smoothly, should do well over the coming months.  Be cautious of the supply dump once the ETH 2.0 staking unlocks occur, however.   
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Any idea when this will happen? I've been meaning to ask just keep forgetting. I split my ETH investment back in May and staked, never really followed up to see when it will unlock.

 
Captain Cranks said:
It's time for all the third tier ecosystems to pamp.  ATOM, DOT, ALGO, EGLD, and ONE all cranking.
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It's fun being an index fund. Been holding algo and egld since January. Hero (now 13x) and Sol have passed Cake and  Eth to be my 3rd and 4th most valuable assets. Near has been on fire. Moved into Harmony at a perfect time, and the way it is staked looks great. VXV (needs looking into fellas) and VRA are going very strong.

OMI still sideways. Man have the past few days been a learning experience there. I'll take it to the nft thread later. I got shut out on the spidey comics two days ago, and the hulk comics this morning, but nabbed two super rare Starship Enterprises yesterday.

The housecleaning removed my stragglers. I am super happy with what I have and don't have finally. 

If/when ada goes up another 30-40 cents, I'll cut it in half again to cost average assets I like better. Wish my algo and elrnd were bigger investments. Had my buying matched my thinking, as with hero, I would have way more algo. Oh well. Learning.

 
Cranks inspired me to do some introspection on my pile o' coin. Strictly Coinbase because I'm either to old & stupid or old & stubborn to go elsewhere, invested in 30 coins now (most are a pittance just to see how they perform). Top 5:

ALGO - 20.92% To the freakin' moon baby  :headbang: :excited:

SOL - 19.34% Little scared that this bubble will burst but been a fun ride  :banned:

ADA - 9.80% Still riding that horse...some. Was much more invested a few weeks ago before it started it's rise  :rolleyes: :cry:

MATIC - 8.28% Just along for the ride on this. Haven't done much of anything with it after initial investment  :yawn:

ETH2 - 4.82% Waiting for it to unlock then probably ditching my ETH holdings altogether. Have another 2.24% in ETH  :ptts:

 
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Reactions: KGB
Nathan R. Jessep said:
Man, hate I didn't get in on SOL sooner. Is it too late?  I don't mind not buying at the bottom, just don't wanna buy at the top. 
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I just cashed out some stocks to add to crypto.  I have about 10K in SOL and seriously thinking of adding.  Undecided.

 
I'm pretty happy with the index fund not having a bunch of micro-cap stragglers wasting resources. Seems top 100 projects is the place to be with a little attention given to the next 500, and carefully vetted cautionary choices after that. 

In the nft thread i said i would post about ecomi here.

I'm honestly blown away by the nft products but not the omi token.

The future is weird. I'll explain that in the nft thread. aha

So OMI has been flat on market rises but likes participating in market drops. Loving the project caused me to cost average thinking I was getting in low. The more you read the more you know and my reading has me not liking the more I know. The sales pitch for the tokenomics explains mechanisms that will drive the price. Like every sale is a token burn. Yeah, not working.

Founders/Developers/Licensing companies, all seem to get rewarded ahead of investors. Some of the whining is pretty damning. Calling it greedy and scammy and deceptive. Marvel and DC and other licensing is expensive - 6% of all sales with other kickbacks (biggish % of nfts go back to them). Founders/Developers takes and holdings a bit high for comfort. The centralization of the marketplace also a drawback. I would have put my 2 purchases on an open market if I could. 

So cost averaging into ecomi now feels like a mistake. I have a decent sized bag annoying me. I'm going to move 80% into Ergo, interesting project with probably the best dex coming to Cardano. Pain in the... to buy it. I guess Kucoin.

 
***nerd alert***  :nerd:

https://medium.com/@asmiller1989/solana-transactions-in-depth-1f7f7fe06ac2

An Ethereum developer (sort of) learns how Solana transactions work.

I’ve been hacking/building on Ethereum since 2015 and have largely remained focused on EVM-based blockchains since. As a result, I have acquired a reasonably good handle on how Ethereum works up and down the stack. I also built a hardware wallet (Lattice), which is designed to enhance the user experience of transacting on smart contract platforms. Until recently, EVM-based chains have held nearly 100% of this market share.

Solana started growing in usage earlier this year so I took a look at their docs and realized how different it was from Ethereum. It is a completely different system with an entirely different set of tradeoffs. Even though I am a blockchain boomer I have to admit I found it intriguing. I’ve finally had some time to dig in and learn a bit more about how Solana works and I decided that studying a transaction in depth would be the best way to start, so I set off to do that and recorded my thoughts and analysis here.
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Also...for anyone thinking about starting to invest, I recommend this interview from Raoul Pal. He really lays the fundamental groundwork for investing in crypto.

https://youtu.be/RennZ2vwY74

Skip to the 8 minute mark or so if you don't want to hear about his history as a hedge fund manager for Goldman Sachs, etc.

 
urbanhack said:
***nerd alert***  :nerd:

https://medium.com/@asmiller1989/solana-transactions-in-depth-1f7f7fe06ac2
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"Overall, Solana’s architecture is very different than Ethereum’s. It’s certainly more confusing but I can see it having advantages as well. I’m glad to have gone through this exercise and I think it’s a neat system. I hope I have the opportunity to learn more about it!"  

This seems to be the reaction to Cardano as well.  I wonder if ADA will be able to get the ball rolling with devs like SOL seems to have.

 
OK, so I've decided to do a complete overhaul of my portfolio, throwing out anything that isn't either  a Layer 1 Protocol (50%), related to crypto gaming (37.5%), or NFTs (12.5%).  That means no BTC, no LINK, no THETA, no anything that I don't understand and doesn't fit into those three categories. 

Focusing in on the L1 Protocols, I wanted to get an idea of which tokens had the most upside assuming the space grows 2X and ETH sheds market share to its competition.  To do this, I pulled the market caps of the top 12 players and summed them.  Here is a list of the 12 with their percentage of the market cap sum in parenthesis.

1. ETH - (57), 2. ADA (12), 3. BNB (10), 4. SOL (7), 5. DOT/KSM (6), 6. ALGO (2), 7. AVAX (2), 8. ATOM (1), 9. EGLD (1), 10. MATIC (1), 11. TEZOS (1), 12. ONE (0.5)

I then moved the percentages around according to how I think the distribution might look in the future.  That is ETH (30), SOL (25), ADA (15), DOT (7.5), BNB (7.5), ATOM (2.5), ALGO (2.5) EGLD, ONE, AVAX, MATIC, TEZOS (2).

Using the difference of the two % and the assumption that the total market cap would 2X from current levels, I calculated estimated performance as:

ONE - 1,350%

SOL - 675%

EGLD - 540%

TEZOS - 422%

ATOM - 412%

MATIC - 325%

ALGO - 281%

DOT - 268%

ADA - 260%

AVAX - 235%

BNB - 151%

ETH - 105%

This analysis is leading me to allocate nearly 30% of my L1 Platform funds to SOL as well as a higher than expected allocation into ONE.  

Do with this information as you wish.  I'm not a financial advisor and I like to lose money from time to time.  

 
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