Anyone Into Digital Currency?

[lost in melb.]

Ugh, I'm in. I hate it, but I may have no choice in the end.

[DemonGeminiX]

Ugh, I'm in. I hate it, but I may have no choice in the end.

[lost in melb.]

I'm gonna drop a few ks into Crypto over the next few months. Precautionary.

[DemonGeminiX]

I'm gonna drop a few ks into Crypto over the next few months. Precautionary.

Welcome to the fold. Dollar cost averaging or are you gonna watch the markets for a while and try to buy the dips?

[Teh One Who Knocks]

Welcome to the fold. Dollar cost averaging or are you gonna watch the markets for a while and try to buy the dips?

Ranch dip is the one I like Maybe French onion from time to time, too

[PorkChopSandwiches]

Hey @PorkChopSandwiches are you using metamask at all?

No, haven't heard of it, I'll take a look

[PorkChopSandwiches]

I'm gonna drop a few ks into Crypto over the next few months. Precautionary.

Stick with Bitcoin or Ethereum at first those are the strong coins

[Teh One Who Knocks]

Stick with Bitcoin or Ethereum at first those are the strong coins

Wrong

This is the type of crypto you want to take advantage of

[DemonGeminiX]

No, haven't heard of it, I'll take a look

So you're just buying everything you own off of exchanges, you haven't gotten off of the Mainnet at all?

[PorkChopSandwiches]

Wrong

This is the type of crypto you want to take advantage of

[PorkChopSandwiches]

So you're just buying everything you own off of exchanges, you haven't gotten off of the Mainnet at all?

No, I "buy" very little currently. I use LTC that I mine and convert it to other coins thru my exodus wallet

[DemonGeminiX]

Just an FYI for anyone interested: I'm finding that it is cheaper to buy Bitcoin on Kraken than it is on Coinbase or Coinbase Pro. For some odd reason, Coinbase is quoting a $300-ish upcharge on top of the quoted price when you initiate the buy, probably just to make some more money. You're not getting charged $300, you're just not getting as much Bitcoin for your money. Kraken doesn't do that. Coinbase Pro's fees are slightly higher than Kraken, but they're both cheaper than Coinbase. I don't know if Coinbase Pro has that upcharge. Mostly, I'm sticking to Coinbase right now, but that may change soon. There are more exchanges out there than what I'm listing here. I have no idea how many there are.

@PorkChopSandiches The reason I'm asking you about the Metamask browser plugin, is because it gives you access to Altcoins not available on the several exchanges that I have accounts on (Coinbase/Coinbase Pro, Kraken, Binance.US). What you do is you purchase tokens on an exchange, and through the altcoin's website instructions, you use the Metamask plugin to transfer the exchange bought coins you wish to use in a convoluted way to get to the tokens you can't get on the exchanges, including some of those sub-.01 tokens that I'm watching. These tokens aren't on the Mainnet, and the only way to get to them is to get the tokens traded on a different blockchain, like the Matic network. It's just that the process is a pain in the ass and those gas fees are fucking insane. But that's how people seem to be acquiring altcoins before they're listed on the exchanges, like the Shiba Inu token. People were buying that back in August/September 2020 before it was first listed on any exchange (first listed May 2021). Subsequently, the people that bought SHIB in the beginning were the ones that became multimillionaires. Personally, I think our chance with SHIB has passed. I might be wrong, but it really depends on if SHIB can reach $1.00 (in my case), and I don't think it will happen with the amount of SHIB available. They'd have to burn a lot of tokens to enable the price to rise that high.

If there was any easier way, I'd probably never ask about it, because I wouldn't be so skeptical.

[PorkChopSandwiches]

Just an FYI for anyone interested: I'm finding that it is cheaper to buy Bitcoin on Kraken than it is on Coinbase or Coinbase Pro. For some odd reason, Coinbase is quoting a $300-ish upcharge on top of the quoted price when you initiate the buy, probably just to make some more money. You're not getting charged $300, you're just not getting as much Bitcoin for your money. Kraken doesn't do that. Coinbase Pro's fees are slightly higher than Kraken, but they're both cheaper than Coinbase. I don't know if Coinbase Pro has that upcharge. Mostly, I'm sticking to Coinbase right now, but that may change soon. There are more exchanges out there than what I'm listing here. I have no idea how many there are.

@PorkChopSandiches The reason I'm asking you about the Metamask browser plugin, is because it gives you access to Altcoins not available on the several exchanges that I have accounts on (Coinbase/Coinbase Pro, Kraken, Binance.US). What you do is you purchase tokens on an exchange, and through the altcoin's website instructions, you use the Metamask plugin to transfer the exchange bought coins you wish to use in a convoluted way to get to the tokens you can't get on the exchanges, including some of those sub-.01 tokens that I'm watching. These tokens aren't on the Mainnet, and the only way to get to them is to get the tokens traded on a different blockchain, like the Matic network. It's just that the process is a pain in the ass and those gas fees are fucking insane. But that's how people seem to be acquiring altcoins before they're listed on the exchanges, like the Shiba Inu token. People were buying that back in August/September 2020 before it was first listed on any exchange (first listed May 2021). Subsequently, the people that bought SHIB in the beginning were the ones that became multimillionaires. Personally, I think our chance with SHIB has passed. I might be wrong, but it really depends on if SHIB can reach $1.00 (in my case), and I don't think it will happen with the amount of SHIB available. They'd have to burn a lot of tokens to enable the price to rise that high.

If there was any easier way, I'd probably never ask about it, because I wouldn't be so skeptical.

Interesting, I was looking into KDA, but it isnt available on my wallet or Coinbase

[lost in melb.]

Welcome to the fold. Dollar cost averaging or are you gonna watch the markets for a while and try to buy the dips?

Gonna buy the dips. Gotta be quick though...

Stick with Bitcoin or Ethereum at first those are the strong coins

I did my first practice purchase. Ethreum, BNB and a little Doge for fun.

[DemonGeminiX]

Loopring's on a tear again. It's currently up 40-ish%.