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/biz/ - Business & Finance

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21401180 No.21401180 [Reply] [Original]

I'm new to biz and just bought my first $500 worth of crypto, I read a lot beforehand and determined that buying USDC on coinbase then converting it to LINK was my best way to avoid getting raped by coinbase fees

Why does it say its only a 7.24 fee but I only have $490?
Did they steal my $3?
Also, am I gonna make it?

>> No.21401233

The price literally fluctuates by the second

>> No.21401261

>>21401180
Seriously I can't even tell anymore if these screencaps are larps or not. On no planet will you make it with 29 Link, but you will have a decent $30,000 portfolio at the peak

>> No.21401352

>>21401233
That makes sense. I guess I just didn't expect it to fluctuate that much in less than a second, which is the time between me clicking convert and me looking at my portfolio balance

>>21401261
$30,000 sounds pretty okay

>> No.21401512

>>21401180
>>21401352
How does $300,000 sound?

>> No.21401557
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21401557

>>21401180
This buys give me ripple vibes when at 3$ and literally was fukt in couple of days

>> No.21401590

>>21401557
i mean look at links graph

>> No.21401657

>>21401557
>>21401590
I may be new, but as far as I can tell, Chainlink is nothing like Ripple.
It looks like there are 247 projects that rely on chainlink, and will be paying chainlink nodes money for data feeds already

Who is paying ripple for anything?

>> No.21401775

>>21401657
Banks

>> No.21401826

>>21401775
would you mind linking me a transaction on the ripple blockchain of a bank paying ripple money for their software?

>> No.21401840

you bought at the top, is bet to diversify, put some into other coins

>> No.21401945

>>21401826
https://www.xrparcade.com/world-top-100-banks/
They are customers paying for the service through fees

>> No.21402059

>>21401945
thats pretty cool actually, i've been trying to find information about the tokenomics of ripple
what exactly causes the XRP token to increase in value?

as i understand it LINK tokens are used as collateral for nodes that feed data to smart contracts, with the nodes requiring an equivalent or greater amount of collateral than the smart contract they are servicing

what kind of incentive is there for XRP to increase in value? could XRP do its primary job at 1 cent just as well as it could at 10 dollars?

>> No.21402305

>>21402059
He’s just fucking with you because you’re a newfag

>> No.21402384
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21402384

>>21402305
oh, thanks anon

>> No.21402469

>>21401180
>I'm new to biz and just bought my first $500 worth of crypto,

Should have never came here. I've turned a profit from investing in biz shit but I know my life would have been better off if I didn't find out about crypto.

>> No.21402549

I am hear with you. I bought 145 LINKS, so I wont ever sell because whats the point of not riding it out for 2 years?

>> No.21402603

>>21402059
That's something I couldn't really tell you without researching further myself, but it would most likely come from the disgustingly high trade volume ripple aims to achieve. These guys will be no joke if the banks approve the use of ripple (due to it's high speed, low fee, controlled and well maintained system) the daily transaction volume would be melt your face fucking nuts, think of how much shit goes through even small banks an hour.

This would be the reason for it's price to increase. If the fud is real however, your worst case scenario is a stable coin that doesn't lose you money (hopefully)

>> No.21402619

>>21402469
Idk i find it all really fascinating, I work in SecOps and i honestly think blockchain has a place in the future. Whether or not its blockchain supported by publicly traded coins or its private ledgers, i'm not sure.

>>21402549
That's where im at too, will be buying more with my next couple of paychecks and then just letting it ride for the next couple of years to see what happens

>> No.21402655

>>21402619
Im gonna try to sell my ETH for PNK since that was my original plan.

>> No.21402704

>>21402305
>>21402384
Kek, believe what you want - I'm invested in xrp, it's in the #3 spot for a reason, and that reason is bank connections

>> No.21402805

>>21402619
>Idk i find it all really fascinating

Give it time. You're in the honey moon phase. Put enough time and sink enough dollars into it and you'll become bitter

>> No.21402861

>>21401180
The Coinbase app has a ton of built in slippage, you probably paid at least $.15 more per LINK than the market price anyway.

You'll get $.15 less per LINK when you sell on that platform as well.

>> No.21402882

>>21402704
is that so? how is that any use for banks?

>> No.21403096

>>21402882
Don't listen to that faggot. Banks wouldn't adopt a third party crypto currency, they would create their own so they can have control. XRP shills have been preaching about muh bank connections for years yet the price still sits at peanuts

>> No.21403910

>>21402882
ease of use and control pretty much, simple searches will show you why this isn't something you should ignore - even if you don't invest

>>21403096
is right, i forgot to take my meds today, i was planning on highlighting all the dubs and trips while exposing the illuminati and jews. don't invest in this or you'll end up like me

>> No.21404447
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21404447

oh hey guys i made all my money back and then some, nice

>> No.21404578
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21404578

>>21404447
If that excites you then you’re in for a treat.

It gets a lot wilder from here.