@BitcoinBaby
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Hmm 🤔 ik have to pay 3 dollars in fees to move my 44 dollars BCH to my Celsius wallet where I make 4.5% APY .... My guess is that it will take me 2 years to recover that fee..... Or am I wrong?🤔 #BitcoinCash
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It might be worth you looking at my Publish0x article on the matter when it comes to factoring in gas - although in the example I moved DAI https://www.publish0x.com/rah/an-analysis-of-gas-fees-for-moving-coinbase-dai-to-celsius-xkygpzp The rule of thumb seems to be the more you move the less it costs proportionally. I moved a whole load of currency there in January and calculations show that will take till may to pay the gas but then its profit all the way. It seems to be something that needs factoring in. Let me know if you have any other issues with gas (that is not as personal as it sounds!)
Okay thanks that remark almost made me spit back a mouth full of rice from laughing 😂🤣 I only have 44 dollar to move....but let me read your article first later tonight. Thanks 👍
I'd hodl for now personally and add to it. I had a near miss with a BAT transaction a couple of weeks ago too. Gas is mental and P0x are delaying payouts for this very reason
I just read your article and it comes down to 2 years indeed before I have a roi so I ll keep it at Coinomi and start a new hodl at celsius
Makes sense and remember that period is likely to come down when you shift more over in one go.