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Is anyone else starting to become a bit excited?

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Comments

  • #8312
    Jafin
    Registered Users, Registered Users 2 Posts: 776 ✭✭✭Jafin


    Bob24 wrote: »
    The actual blockchain fees will vary depending on the blockchain and how busy it is (for exemple Ethereum is very expensive at the moment because it is somewhat saturated). But they are unrelated to the amount you are transferring.

    Now, your exchange could chose to charge you anyway they like and doesn’t have to reflect the exact cost to transacting on the blockchain in their fees to you. Must likely the have a fixed fee for each blockchain which is being reviewed on a regular basis. It should be listed on their website.

    Ah thank you, that clears things up a bit for me. I did look at the fees section on Coinbase before (it was a while ago though to be fair) and I left there even more confused. I'll give it another look in a bit and see. Thanks again.


  • #8313
    Bob24
    Registered Users, Registered Users 2 Posts: 10,905 ✭✭✭✭Bob24


    Jafin wrote: »
    Ah thank you, that clears things up a bit for me. I did look at the fees section on Coinbase before (it was a while ago though to be fair) and I left there even more confused. I'll give it another look in a bit and see. Thanks again.

    I am not a Coinbase user and maybe someone else can confirm, but based on this link it looks like they don't have a list of set fees, and fees are actually calculated dynamically and displayed to the user whenever they request a withdrawal.


  • #8314
    Bob24
    Registered Users, Registered Users 2 Posts: 10,905 ✭✭✭✭Bob24


    Crypto.com just launched a more modern website, and more importantly a VC fund for crypto-related projects.

    Nice to see things moving (not as cool as the F1 partnership I guess :-D).


  • #8315
    One More Toy
    Registered Users, Registered Users 2 Posts: 4,009 ✭✭✭One More Toy


    Anyone playing around with nfts? Anything exciting or interesting?


  • #8316
    olestoepoke
    Registered Users, Registered Users 2 Posts: 2,383 ✭✭✭olestoepoke


    One More Toy wrote: »
    Anyone playing around with nfts? Anything exciting or interesting?

    I bought some ECOMI its performed well over the last 4 or 5 weeks. Can't see the attraction personally but them again I'm an ol' fart. Trying not to let personal bias get in the way of making a profit


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  • #8317
    connie147
    Registered Users, Registered Users 2 Posts: 2,836 ✭✭✭connie147


    dirk_dangler wrote: »
    The instructions for putting ROSE on a wallet and earning interest are post 80 here https://www.boards.ie/vbulletin/showthread.php?p=116360548

    If your crypto is on ETH it is currently expensive to send from one address to another, not worth it IMO with the amount you have, you will loose to much in the transfer, I would leave it on the exchange
    CHZ-ETH
    EWT-ETH
    LINK--ETH
    MATIC-ETH
    When the price drops for a transfer www.myetherwallet.com is free and works with ETH based crypto.
    There is no point in taking them off an exchange if you are planning to trade them, only move them off if you are going to hold for some time.

    I see you made the rookie mistake of not looking at the tokens circulating and Max supply, don't worry we have all done it, its probably the number one mistake of new traders.
    TRON
    Circulating Supply
    71,660,220,128 / 100,850,743,812
    Current price $0.049
    If the price 3x to 15c it would be worth $10B currently and $15B with all tokens circulating, for comparison www.viacomcbs.com is worth $16B
    Can you see TRX doing a 20x to $1 and being a $100b company? if you dont and your TRX is in profit sell and move on

    Thanks for the in debt reply. Appreciated.
    I would have made a lot more rookie mistakes only for the education Im getting from reading this forum!!

    connie


  • #8318
    Esel
    Registered Users, Registered Users 2 Posts: 24,126 ✭✭✭✭Esel
    Not Your Ornery Onager


    connie147 wrote: »
    Thanks for the in debt reply. Appreciated.
    I would have made a lot more rookie mistakes only for the education Im getting from reading this forum!!

    connie
    Freudian slip? :)

    Not your ornery onager



  • #8319
    mdmix
    Registered Users, Registered Users 2 Posts: 610 ✭✭✭mdmix


    Jafin wrote: »
    I'm still a bit hazy on what the fees are like for moving crypto from an exchange to a wallet. Is it a flat fee that fluctuates or is it a percentage of what you're transferring? Or does it differ depending on the crypto you're transferring? The fees are what makes me hesitant to move my crypto from an exchange to a wallet, because if it's a flat fee or is somehow cheaper to move in bulk I'd probably just move it all once a year or something. The exchange I use is Coinbase if that makes any difference.

    Kraken recently reduced the btc and eth min withdrawal fee. Cost me .0005btc (around €15 at the time) to send .005 btc last month. Current fee is .00015, which still is not cheap.


  • #8320
    grindle
    Registered Users, Registered Users 2 Posts: 6,026 ✭✭✭grindle


    mdmix wrote: »
    Kraken recently reduced the btc and eth min withdrawal fee. Cost me .0005btc (around €15 at the time) to send .005 btc last month. Current fee is .00015, which still is not cheap.

    The average BTC tx fee is $15-$20 at the moment, it's cheaper than it should be.


  • #8321
    mdmix
    Registered Users, Registered Users 2 Posts: 610 ✭✭✭mdmix


    grindle wrote: »
    The average BTC tx fee is $15-$20 at the moment, it's cheaper than it should be.

    Hey big spender 🤑 We are not all bitcoin rich 😂 not yet at least!

    I had to do 8 transactions so it didn't feel cheap :L


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  • #8322
    grindle
    Registered Users, Registered Users 2 Posts: 6,026 ✭✭✭grindle


    mdmix wrote: »
    Hey big spender 🤑 We are not all bitcoin rich 😂 not yet at least!

    I had to do 8 transactions so it didn't feel cheap :L

    I'm not saying using BTC's cheap (unless you're sending thousands or more), it's just the price of the network when busy. Kraken are either eating a portion of the cost or sending slow low-fee transactions.
    BTC fees are designed to be high in it's modern incarnation, unfortunately.


  • #8323
    Thargor
    Registered Users, Registered Users 2 Posts: 18,210 ✭✭✭✭Thargor


    26% of all dollars in existence were printed in the last 12 months:

    https://fred.stlouisfed.org/series/M2NS


  • #8324
    BrandonBay86
    Registered Users, Registered Users 2 Posts: 514 ✭✭✭BrandonBay86


    Thargor wrote: »
    26% of all dollars in existence were printed in the last 12 months:

    https://fred.stlouisfed.org/series/M2NS

    Joe public is just ignoring this and I can’t get my head around it.


  • #8325
    Thargor
    Registered Users, Registered Users 2 Posts: 18,210 ✭✭✭✭Thargor


    BrandonBay86 wrote: »
    Joe public is just ignoring this and I can’t get my head around it.
    It'll be 50% this time next year or worse, its a death spiral to the next crisis.


  • #8326
    seannash
    Registered Users, Registered Users 2 Posts: 5,672 ✭✭✭seannash


    BrandonBay86 wrote: »
    Joe public is just ignoring this and I can’t get my head around it.

    I dont think they are. They either dont understand it or feel powerless to do anything about it.


  • #8327
    Rob2D
    Registered Users, Registered Users 2 Posts: 2,449 ✭✭✭Rob2D


    Your average Joe doesn't have a clue. I've told this to several people and they're either shocked or just blank stare. People either don't know or don't care. The lads in work even laugh at me when I talk about investing or when I bought precious metal. They don't understand.

    But they're going to understand someday when they wake up and the bank tell's them their currency is worthless. And tax will go through the roof. It could be like Greece all over again.

    I mean I hope to God it won't but......


  • #8328
    One More Toy
    Registered Users, Registered Users 2 Posts: 4,009 ✭✭✭One More Toy


    I'm bored and have crypto to spend

    Anyone have any nft recommendations?


  • #8329
    FFVII
    Registered Users, Registered Users 2 Posts: 1,382 ✭✭✭FFVII


    NFTs, explained

    Please do not give billionaire Jack Dorsey money for his tweet

    Grimes sold $6 million worth of digital art as NFTs

    Kings of Leon Will Be the First Band to Release an Album as an NFT
    The bulk of the sales came from two pieces with thousands of copies available that sold for $7,500 each.

    AAah wtf.......

    If Dorsey is selling his tweet does that mean everyone owns what they say on there.


  • #8330
    jimmii
    Registered Users, Registered Users 2 Posts: 14,810 ✭✭✭✭jimmii


    The tweet thing is mad. Be interesting to find out what the buyer intends to do with it now its got to such a stupid price. For me this feels like back in the day when people were paying insane money for domain names.

    Heres another example of it getting a bit silly!

    https://news.artnet.com/art-world/financial-traders-burned-banksy-nft-1948855/amp-page


  • #8331
    olestoepoke
    Registered Users, Registered Users 2 Posts: 2,383 ✭✭✭olestoepoke


    Apart from all the silly stuff mentioned are there any real-life uses for NFTs? I don't fully understand them yet but what about tickets? Plane, train, cruises, ferries etc. Can they be used for proof of purchase a one of a kind receipt that cannot be duplicated. I have no idea how they work, a friend of mine who has been decent with predictions told me to buy Ecomi (OMI)about 6 weeks ago and I have more than tripled my money.


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  • #8332
    ronivek
    Registered Users, Registered Users 2 Posts: 1,919 ✭✭✭ronivek


    Not sure if this is the best place but:

    Does anyone have a strategy for getting money into the Crypto sphere via a Credit Card lately? Ulster Bank in particular seem to have everyone blocked if it even remotely smells like Crypto.


  • #8333
    Jeff2
    Registered Users, Registered Users 2 Posts: 7,534 ✭✭✭Jeff2


    ronivek wrote: »
    Not sure if this is the best place but:

    Does anyone have a strategy for getting money into the Crypto sphere via a Credit Card lately? Ulster Bank in particular seem to have everyone blocked if it even remotely smells like Crypto.

    Revolut should work.


  • #8334
    Dohnjoe
    Registered Users, Registered Users 2 Posts: 19,029 ✭✭✭✭Dohnjoe


    Thargor wrote: »
    It'll be 50% this time next year or worse, its a death spiral to the next crisis.

    It's not a death spiral or anything like that. Currencies have fluid supplies, they are supposed to be created. The dollar barely moved during the last crisis, which was a full-on systemic one, because it's designed that way. We've just been hit by a mega-global pandemic, the world's economy has been put on pause several times, and we'll see certain currencies move a few percent over the next year. Like an average Tuesday in crypto. No "death spirals", no "demise of the US dollar", no financial end of the world crapola.

    Just like goldbugs, crypto supporters scare-monger people about currencies and economics because they want those people to buy speculative crypto-assets in order to boost the value of their holdings.

    Whilst I like watching the value of my crypto going up, I'm not the biggest fan of the incessant doom-mongering, downright stupidity and tribalism within crypto towards elementary finance, economics, etc.


  • #8335
    olestoepoke
    Registered Users, Registered Users 2 Posts: 2,383 ✭✭✭olestoepoke


    Jeff2 wrote: »
    Revolut should work.

    Not for Binance


  • #8336
    Irish_rat
    Registered Users, Registered Users 2 Posts: 2,577 ✭✭✭Irish_rat


    The binance smart chain is about 4-5dollars in gas to interact on defi now, not as cheap as it was a few weeks back.


  • #8337
    bfa1509
    Registered Users, Registered Users 2 Posts: 1,022 ✭✭✭bfa1509


    I see a lot of news articles of late about "flash crashes" on certain exchanges, such as the one on Kraken two weeks ago. Does anyone put in hail Mary buy orders at -30% in the hopes of catching one of these, or is it just a glitch and unlikely the order would fill?


  • #8338
    ronivek
    Registered Users, Registered Users 2 Posts: 1,919 ✭✭✭ronivek


    Irish_rat wrote: »
    The binance smart chain is about 4-5dollars in gas to interact on defi now, not as cheap as it was a few weeks back.

    No it isn’t. Same fees as always.


  • #8339
    Irish_rat
    Registered Users, Registered Users 2 Posts: 2,577 ✭✭✭Irish_rat


    ronivek wrote: »
    No it isn’t. Same fees as always.

    Well relative to bnb price. It's was only a few cents before.


  • #8340
    TXPTGR1
    Registered Users, Registered Users 2 Posts: 255 ✭✭TXPTGR1


    Dohnjoe wrote: »
    It's not a death spiral or anything like that. Currencies have fluid supplies, they are supposed to be created. The dollar barely moved during the last crisis, which was a full-on systemic one, because it's designed that way. We've just been hit by a mega-global pandemic, the world's economy has been put on pause several times, and we'll see certain currencies move a few percent over the next year. Like an average Tuesday in crypto. No "death spirals", no "demise of the US dollar", no financial end of the world crapola.

    Just like goldbugs, crypto supporters scare-monger people about currencies and economics because they want those people to buy speculative crypto-assets in order to boost the value of their holdings.

    Whilst I like watching the value of my crypto going up, I'm not the biggest fan of the incessant doom-mongering, downright stupidity and tribalism within crypto towards elementary finance, economics, etc.


    Sssshhh, don’t spoil the lads crypto revenge fantasy, where everyone who has said mean things to them over their lives loses all their Fiat in a crash and they are left ruling over everyone with their bitcoin .


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  • #8341
    Jeff2
    Registered Users, Registered Users 2 Posts: 7,534 ✭✭✭Jeff2


    olestoepoke wrote: »
    Not for Binance

    That wasn't the question to be fair.


This discussion has been closed.
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