Official Bitcoin Thread

[mplsdunk]

Telcoin boys

 

[ArmandoJF33]

Everyone is excited for ADA and there’s a whisper in my head that says, “short it”.

 

[pdino]

Everyone is excited for ADA and there’s a whisper in my head that says, “short it”.

ADA finally launching smart contracts in September and they have one of the craziest fan bases in crypto. 71%+ of cardano holders are staked. Be careful with that freight train

 

[polosanddunks]

Yeah I wouldn’t short ADA.

oh look another Layer1 AVAX Avalanche pumping…there are big gains to be made out here. It’s eassssy

 

[fapmasterjr]

just sorted my portfolio via 7day .....ohh what a week!!! Congratz to Patreons who have been following! Let's keep eating!!

 

[SupremeBeing5]

Has fap been doxed yet? What calls have y’all been eating off? Fap be making those early calls.

 

[1978S]

#AMPboyz

 

[pauliepeppas]

$ACH boys....making crytpo to fiat transactions seamless

https://whichblockchain.com/daily/n...currency-debit-cards-coming-from-alchemy-pay/

Hope some of u got on and enjoying these gains

 

[fapmasterjr]

24hr gainz.

Yesterday

Today:

 

[Bert.]

I need those type of gains

ADA killing it for me but that’s all I really own

 

[703 hwy]

fapmasterjr tried to PM you. What’s your link?

 

[fapmasterjr]

just removed about 10K in LPs and $4k in rewards as Pool incentives just ended for the month....now, where to put it???

 

[stuntman mike]

fapmasterjr

 

[thunderchunk69]

just removed about 10K in LPs and $4k in rewards as Pool incentives just ended for the month....now, where to put it???

Explain to me like i'm 5 pls

 

[stuntman mike]

Explain to me like i'm 5 pls

Get more from James Johnson on Patreon

creating cryptocurrency strategies

www.patreon.com

 

[mplsdunk]

I signed up

 

[noskey]

Get more from James Johnson on Patreon

creating cryptocurrency strategies

www.patreon.com

How many exchanges do I need to download/use to actually make gains? If it's not in Gemini, Coinbase or Kucoin already, kind of not wanting to keep opening more and more exchanges. Metamask offer access to these coins? Gas fees are horrible but if the potential is there, id be more willing to pay it. fapmasterjr

 

[johnnyredstorm]

How many exchanges do I need to download/use to actually make gains? If it's not in Gemini, Coinbase or Kucoin already, kind of not wanting to keep opening more and more exchanges. Metamask offer access to these coins? Gas fees are horrible but if the potential is there, id be more willing to pay it. fapmasterjr

Gemini and Coinbase, then go west with the different DEXes, bridges and networks. Uniswap.org, app.sushi.com are the popular DEXes on the eth mainnet. If you want cheaper fees you have to bridge to polygon or optimism.

 

[noskey]

Gemini and Coinbase, then go west with the different DEXes, bridges and networks. Uniswap.org, app.sushi.com are the popular DEXes on the eth mainnet. If you want cheaper fees you have to bridge to polygon or optimism.

I get the DEXs and how they work. I understand MetaMask uses them when I try to buy ID, or am i misunderstanding? You mention bridges and networks, would I not just use Sushiswap to purchase unlisted coins? What am I missing here? Sorry, I feel like a 5 yr old trying to catch up to yall. Dont even know what I dont know.

 

[stuntman mike]

in metamask, there is an option to configure what network you want to connect to. default is ethereum network. you can also change it to connect to matic, binance smart chain, and others that have cheaper fees but might not support the coin you want to purchase. if you use sushi and uni for larger purchases, consider using mistx.io to access these pools and avoid front-running/sandwich bots.

 

[noskey]

in metamask, there is an option to configure what network you want to connect to. default is ethereum network. you can also change it to connect to matic, binance smart chain, and others that have cheaper fees but might not support the coin you want to purchase. if you use sushi and uni for larger purchases, consider using mistx.io to access these pools and avoid front-running/sandwich bots.

This seems like the type of valuable information that I dont even realize how valuable it is right now. Appreciate the help!

 

[stuntman mike]

This seems like the type of valuable information that I dont even realize how valuable it is right now. Appreciate the help!

the veterans like JRS and others are super helpful. they hand out info that can make people lots of money if you combine it with extensive personal research. shouts to all the vets of this thread for making NT richer.

 

[johnnyredstorm]

You could also stake 100 eden, set up their network to avoid front running. Sushi uses them automatically I think. If all you’re looking for is a quick way to buy an erc20 uni or sushi is fine on the eth mainnet.

 

[yogetoffmykickz]

www.bloomberg.com/news/articles/2021-08-23/el-salvador-readies-bitcoin-rollout-with-200-atms-for-conversion

What are everyone's thoughts on this.?

Now that it appears to actually be happening, there's a few things I still don't understand...

Given crypto's volatility, how will the "exchange rate" be regulated?(for lack of a better word)

For example... My Tia Patty sends .5btc @$25k to my Tio Juan... When Tio goes to cash out the .5BTC, two days later(don't ask why he waited two days ) it is now worth $27k. I think the logical thing would be that the exchange rate remains the same at whatever it was priced at during the submittal($25k). Right ?

But now surely there will be fee to convert the BTC to FIAT. Doesn't that just completely defeat the purpose of sending crypto rather than fiat in the first place.?

Let's say Tio Juan doesn't want to pay the fee and just keeps that halfie chilling in his wallet. Let's say he wishes to just pay with crypto directly at merchants that support crypto payments..

Does that .5BTC just fluctuate in real time with the market value..? Could Tio Juan see his .5BTC balloon to $30k one minute and then potentially come crashing down to $15k by the time hes ready to cop a new Suzuki.?

Im really curious to see how this unfolds as they continue to roll it out...

Best believe I'm sending my primo something to his Chivo account once it's official.
Can't wait.!

 

[pdino]

www.bloomberg.com/news/articles/2021-08-23/el-salvador-readies-bitcoin-rollout-with-200-atms-for-conversion

What are everyone's thoughts on this.?

Now that it appears to actually be happening, there's a few things I still don't understand...

Given crypto's volatility, how will the "exchange rate" be regulated?(for lack of a better word)

For example... My Tia Patty sends .5btc @$25k to my Tio Juan... When Tio goes to cash out the .5BTC, two days later(don't ask why he waited two days ) it is now worth $27k. I think the logical thing would be that the exchange rate remains the same at whatever it was priced at during the submittal($25k). Right ?

But now surely there will be fee to convert the BTC to FIAT. Doesn't that just completely defeat the purpose of sending crypto rather than fiat in the first place.?

Let's say Tio Juan doesn't want to pay the fee and just keeps that halfie chilling in his wallet. Let's say he wishes to just pay with crypto directly at merchants that support crypto payments..

Does that .5BTC just fluctuate in real time with the market value..? Could Tio Juan see his .5BTC balloon to $30k one minute and then potentially come crashing down to $15k by the time hes ready to cop a new Suzuki.?

Im really curious to see how this unfolds as they continue to roll it out...

Best believe I'm sending my primo something to his Chivo account once it's official.
Can't wait.!

Price changes in real time at market value. You buy 0.5 btc, and it tripled in value, It’s still 0.5btc