So I went to Uniswap and there was a Gasless option called UniswapX, it said there would be no gas for the transaction. So I first I had to approve the USDC which was $4, so not that bad and I assumed it would be gasless after that. But after 2-3 minutes the swap was complete and I look and the fee was like $15 and this was just done when the Gwei was only 20 or so.

Since you only need to approve the USDC spend once, how can I use the Gasless UniswapX so I don't end up paying the $15 fee next time. The ERC20 and ETH transfers aren't so bad, same with the approval, its the actual swap which is crazy expensive.

I looked around and found 1inch to be slightly cheaper, maybe by $5 or so. There are a few others but the costs are more or less the same.

How does the Fusion on 1inch work exactly? Says it’s gas free but it might take a while to fill and price might not be the best relative to the market price. Anyone used the 1inch Fusion to make some swaps?

The reason why is because the education business is mostly profit based. They want to get the most amount of profit of tuition with the least amount of costs.

They know that everybody wants a good education and good life, so they charge a lot of money for this. Another way they make more money is to have more students.

So there is 1 program for 500 students. And eventually these 500 students will compete with one another for the same job when they graduate. And most likely only 50 jobs will be available.

The most up to date for this is on twitter. Go and find an account called FarSideUK and they post the flows live as they happen.

Currently for todays date we got

IBIT $125M
FBTC $159M
ARK $7M
GBTC -$56M

The rest aren’t out yet. They should be out by market open tomorrow.

Bitcoin is more centralized because the miner rigs are spread out throughout the world. It used to be centered around China but lately it has expanded into many countries and it’s fairly distributed.

Ethereum was more decentralized when it was POW, many people just mined with their gpus and did it as a hobby. But now you need to own a large amount of ETH to be able to stake. Most retail cannot afford this amount, it’s mostly centered around the rich.

Lately the fees are higher on ETH, they were cheaper back in January and you could get away with transactions at less than 10 Gwei but for the past couple of weeks it went up.

Funny thing is that BTC network is cheaper now, before you had to pay 30-50 sats per vbyte but now it’s like 15 sats or so. So basically they reversed.

These 2 networks always have high fees. Need to use an l2 if you want to save on fees. Try Arbitrum or bitcoin lightning network if you want to use BTC.

I never pay any attention to any high profile trades. Remember Ackman who shorted that Herbalife because he assumed it was a scam. He had a huge short and went very public about it but the stock still kept going up and up. He had to cover at a loss if I recall correctly.

Most professionals keep their trades secret and never post it live. If you are good at your job you don’t have to post your trades online to get likes. Those types of people most of the time don’t know what they are doing.

Say you have some USDC on the ETH network you want to swap for ETH.

Currently the fees are 30 Gwei, so if you use Uniswap on the ETH network the total fees will be around $25.

Wondering if there is any cheap way to bridge to another network, do the swap there, and bridge back. Just the USDC starts on the ETH network and the ETH needs to end up on the ETH network.

Anyway to save on fees doing this?

I am seeing that the fee to bridge from ETH to ZkSync ERA is $2 on Orbital.Finance but to bridge back its $15 dollars. I am confused why the fee is so cheap one way but expensive the other.

I think the flows are slowing down. So far without blackrock we are about flat for the day. I think we might end up at $200M or so for the day.

Last Friday was also slower than usual. I don’t think we will have a period of 6 days where we got $500M of flows a day. But as long as these flow are not negative then we should be good.

It’s normal for many to take profits as we head higher. Many took profits in the $50k if they bought at the $40k dip at end of January.

Don’t worry about any manipulation. They are not creating paper bitcoins to crash the market. Many of the Bitcoin etfs have publicly published their cold storage of their holdings and you can see how much they have and compare it to their AUM.

And these are publicly traded companies and they need to file proper statements and documents to prove they own these bitcoins.

Many of the holders of these etfs are regular individuals who invest with their 401K. It’s not all Wall Street traders who want to crash the market.

When you buy spot, you actually own the coin or token, and you can withdraw it. You also don’t pay any fees to hold it except for the buying fees at the beginning.

Futures is more for day traders. You don’t actually own any coins, it’s just a derivative of that. You also need to pay a funding fee usually every 8 hours. But the advantage is that you can leverage your money and with $1000 capital you can buy up to $100,000 worth of crypto. So if you pick the correct direction then you can make 100x more profit but on spot you are capped at 1x.

For beginnings you should stick with spot trading however.

Keep in mind that as we go higher and higher the demand might be the same but the supply will be higher because some will start to take profits.

You can see this with GBTC, as we went higher so did their flows and some other BTC etf also had negative flows for a couple of days.

The higher we go the more difficult it’ll be to maintain that momentum.

He will eventually start to sell his bitcoin, but nobody knows at what price. He bought some recently so most likely not at these levels but if we break ATH or hit $100K then I wouldn’t be surprised if he starts to scale out of some positions.

Everyone has a price for some it’s $50k, for some it’s $69K and for some it’ll be $100K or $1M, eventually they will all start to take profits. Nobody wants to round trip their entire position. Which is kind of what happened to MSTR when it topped in late 2021 and they ended up being underwater.

I don’t understand why people use a bitcoin atm which requires KYC which a CEX also requires but is much more secure. And the fees are much much cheaper. Most exchanges you trade at 0.15-0.25% while a bitcoin atm is like 10%. Add in the fact that you need to KYC, I don’t see the point. Maybe it’s due to speed.

And yes all the bitcoin atms have a camera, and I am pretty sure it always records not only for the selfie image verification. This has been present in most bitcoin atms including the early ones.

I am pretty sure there will be two types of people during this bull run.

Those that sold too early and become mad that they sold too early.

And those that got greedy and didn’t sell near the top because it didn’t reach their target price. Only to sell later on the way down.

This happens every bull market. People either sell too early or too late. Hence why most should just dollar cost average the sales to get a good average.

I remember long time ago there was something called “Brain Wallet” and this was a disaster.
It was a type of custom private key you can set with a phrase.

Could be anything such as your name with your address, could be a poem or some other phrase from a book or movie. This way you don’t need to keep physical copies of your seed you can just remember it, hence it was called a Brain wallet.

Now what happened afterwards was that turns out humans think a lot alike and basically some bots used some random names, phrases, poems, etc and many of those with brain wallets got their bitcoins stolen.

This isn’t a real private key collusion, it was just a badly implemented way to generate wallets and doesn’t exist anymore.

Like I said a minute ago in a similar post regarding centralization. It doesn’t matter how much bitcoins are held by these etfs and exchanges, they are the bitcoins of their customers. Unless the exchange is a scam like FTX they cannot sell your bitcoins without your permission.

What is important is that there are bitcoin mining farms all around the world and it’s more decentralized than it was a decade ago. This is what is important.

Imagine China holding 80% of the hashpower and all of a sudden their government tells all their pools to switch to a different fork. It would be disasterious but we don’t have that problem right now.

The large amount of bitcoins held at CEX like Binance or etfs like IBIT are not owned by one entity. They are their customers funds. So what you are saying doesn’t apply.

When it comes to decentralization I think the way the hash power is distributed is more important. I remember back in the early days there was over 51% of hashpower in a single pool. We don’t have that problem anymore. China has less hashpower than before and it’s more distributed throughout the planet.

Well bitcoin could hit $500K but what if the US dollar is hyper inflated. Next month is when BTFP ending and it’s what made many small banks survive the withdraw of customer funds to large banks. It’s ending next month and most likely more banks will fail.

The fed will have to print money basically and asset prices will go up for everything. So bitcoin could hit $500K but a loaf of bread can be $50 by then.

Been maybe 10 years since I used a Bitcoin ATM.

I used it maybe 2 times. Once to buy and once to sell. I remember buying was easy because you put in some cash and then you show the machine your QR code and it will send you the bitcoins, was pretty instant.

Selling was more difficult. Because most of the time the bitcoin atm had the feature disabled. The one time it did work you had to come back when the transaction confirmed and then you would get your cash, it looks a while if the mempool was back logged.