03-02-2021, 03:32 AM
How I turned my $50 to $18.73 with fees alone, and the lesson to be learned
<!-- SC_OFF --><div class="md"><p>I swapped $50 of ETH to USDC and ended up with a mere $18.73.</p> <p>Fucking fees. Had it on metamask and for fun I decided to see if I can put it in USDC so I can swap for shitcoins that only have USDC as trading pairs.</p> <p>Uniswap btw. I was stupid enough to overlook the gas fees. This is where the title of the OP comes in.</p> <p>Fees are literally slowing down adoption. Buy fees, sell fees, send fees, fees.</p> <p>Unless you have whale sized portfolios, Just HODL. I could of had more profit than from ETH than what I just did. The fees aren't worth it.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Iiau_"> /u/Iiau_ </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lveoum/how_i_turned_my_50_to_1873_with_fees_alone_and/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lveoum/how_i_turned_my_50_to_1873_with_fees_alone_and/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I swapped $50 of ETH to USDC and ended up with a mere $18.73.</p> <p>Fucking fees. Had it on metamask and for fun I decided to see if I can put it in USDC so I can swap for shitcoins that only have USDC as trading pairs.</p> <p>Uniswap btw. I was stupid enough to overlook the gas fees. This is where the title of the OP comes in.</p> <p>Fees are literally slowing down adoption. Buy fees, sell fees, send fees, fees.</p> <p>Unless you have whale sized portfolios, Just HODL. I could of had more profit than from ETH than what I just did. The fees aren't worth it.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Iiau_"> /u/Iiau_ </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lveoum/how_i_turned_my_50_to_1873_with_fees_alone_and/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lveoum/how_i_turned_my_50_to_1873_with_fees_alone_and/">[comments]</a></span>Kind Regards R