You may remember sometime ago I mentioned how some of my crypto assets (free AMPL and FARM from P0x) is being effectively held hostage on my Coinbase Wallet (pls note Wallet not exchange)? Well i have now decided to write them off as lost as I am not going to load the wallet with £200 of ETH to shift £50 of assets. Therefore as is good standard accounting practice I can either write them off as I bad debt or steadily depreciate them (like an old car). I have opted for the latter option as this will moderate any sudden downturn (other than what is happening because of the bears) while effectively zeroing them out. And you never know one day they might even be a nice bonus for me - if I can ever figure out how to move them for a minimal gas fee. Anyone else in the same position?
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I receive my ampl on Kucoin, but I had some IFARM on metamask which I could not move. But when FARM listed on I think it was binance two weeks ago it doubled it's prize so my farm was no worth over a 100 dollar and the gas fees only 50 dollar so I was able to swap them for ETH