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Cryptocurrencies 101 -- what I've learned so far


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Cryptocurrencies 101 -- what I've learned so far
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Hey guys,

With recent talk about cryptocurrencies, I wanted to push myself to create this thread and try to share some things that I've learned so far about cryptocurrencies.

I intend to share a lot in the thread. Please "follow" to be updated when I post...

Mike

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Hey BigMike loong time follower but not much of a contributor but thought I can add snippets/gotchas on crypto cash things - not sure if this is the right thread or there is a general Crypto trading thread where people can share whether it is trading, buying, wallets, staking including diff altcoins - thanks

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For general talk, feel free to use this thread. Detailed topics like choosing a wallet(s) might be better served in their own dedicated threads.

But yes, I look forward to more contributions in this area!

jokertrader View Post
Hey BigMike loong time follower but not much of a contributor but thought I can add snippets/gotchas on crypto cash things - not sure if this is the right thread or there is a general Crypto trading thread where people can share whether it is trading, buying, wallets, staking including diff altcoins - thanks

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Also, I think one thread per (alt/shit/stable) coin is best, to organize it.

jokertrader View Post
Hey BigMike loong time follower but not much of a contributor but thought I can add snippets/gotchas on crypto cash things - not sure if this is the right thread or there is a general Crypto trading thread where people can share whether it is trading, buying, wallets, staking including diff altcoins - thanks

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Big Mike View Post
Also, I think one thread per (alt/shit/stable) coin is best, to organize it.

...Is there really a Crypto called Shitcoin?

If so, it seems that I'm really getting too old for this sh..

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I posted in Cryptocurrency Trading Platforms
#post835158

I am just getting into crypto so if you think that is best to be here you should move it.
Thanks

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Does this qualify as a shitcoin? saw it browsing through the coinbase app while bored and it made me hungry.


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Well I am just trying pancake swap and seems limited for exchange but but cheaper in transaction fees using Binance coin as compared to ETH... so don’t discount those cakes !!!


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Not a pancake fan, and neutral on waffles, do like sushi though!

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On that news pancakeswap is trading lower today, big fan of French Toast though.

Joking aside glad to see @Big Mike adding crypto to the site. Even if I don't actually trade them they are very interesting to read about.

SMCJB View Post
Not a pancake fan, and neutral on waffles, do like sushi though!

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Meant to add a picture to the last post but it wouldn't let me add via the edit function.

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Attached Thumbnails
Click image for larger version Name: Screenshot_20210225-112026_Coinbase.jpeg Views: 31 Size: 25.8 KB ID: 309939  
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Maybe this was obvious.. maybe not... but you know there is SushiSwap but no WaffleSwap that I know of!

Anyway onto todays news....

Whoops: Crypto Exchange Accidentally Sells Bitcoin at 88% Discount
https://wordpress.futurism.com/whoops-crypto-exchange-accidentally-sells-bitcoin-at-88-discount

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So a technical error let's them sell bitcoin at a huge discount then they try and back out of it by saying it couldn't be sold in the first place because the exchange didn't have it? Is this a perk of running a DeFi exchange? Would they be locking accounts and giving money back if they charged to much?

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