Cash app to Bitmart transfer...plz hlp

[Fociguy1]

Hi everyone! Im from Michigan, Im rather new to the crypto tranferring. i originally put 10k in coinbase last weekend to find out theyre holding my money till may 21th. so now my bitcoin vaule is at 8,200 and i cant tranfer anything to my bitmart to purchase Safemoon,  so i guess ill just leave that in there to see if itll rise back up to 10k where i was at,(who knows how long thatll take.

So i decided to to use cash app to buy 2400$ in bitcoin, then it says my limit is 2000 to send perday(so now i have 460$ left in there goinng down ugh)
Ok i sent $1950 from cash app of bitcoin to Bitmart(took 2 hrs)  so i sell my btc immediately and purchase 100% Safemoon. it says my value is only at 1700$.. What is going on with that? i know fees can not be that much and bitcoin did not go down that much.. so im down 300$??? and im out prob 20mil+ of my safemoon.... Can someone please help me with this understanding and what to do next as far as my bitcoin in coinbase at 8200 from 10k.....Thankyou all so much

[BitMaxz]

If you probably bought BTC last week you already lost around 19% in value that is why you only have around $8200.
Look at this


About Cashapp I don't know exactly why you lose around $300 if you have a transaction ID for the first transfer from Cashapp to Bitmart maybe we can analyze why you lose $300.
You might be paid a large transaction fee after you transfer it to Bitmart.

I already check safemoon on coingecko it seems there is no BTC/safemoon pair so you need to trade it to USDT it will cost you some fee after the trade and what I see right now about the price of Safemoon it drops around 10%. So this might be the cause why you lose $300 in total?

[bL4nkcode]

Ok i sent $1950 from cash app of bitcoin to Bitmart(took 2 hrs)  so i sell my btc immediately and purchase 100% Safemoon. it says my value is only at 1700$.. What is going on with that? i know fees can not be that much and bitcoin did not go down that much.. so im down 300$??? and im out prob 20mil+ of my safemoon....

Probably because of the difference of order/sell price on coinbase and bitmart, plus the fees and the volume of safemoon on that exchange.

Can someone please help me with this understanding and what to do next as far as my bitcoin in coinbase at 8200 from 10k.....Thankyou all so much

If you will check the current news about tesla's suspension of accepting bitcoin payment, you will understand why it happens.

[molsewid]

That's basically what you get when you invest in shitcoins.

I'm sorry, I beg to disagree, but I think that coin isn't as shit like you said. That is normal happening when investing. Maybe today is not her/his best start. Every day, every hour, every second the rate changes. Maybe she/he loses today but maybe not tomorrow. Why wouldn't you give her/his good advices rather than make her/him more hopeless. In investing bitcoin we should be prepared no matter what it outcomes. Or maybe he/she did something wrong which is perfectly fine for the beginners. What thing I can say is do research before entering such thing like this esp. when related to big a mount of money. Make your mistake as a guide to do more better next.