Post
Topic
Board Beginners & Help
Re: Share your costly lesson about cryptocurrency..
by
nakamura12
on 23/08/2021, 18:37:33 UTC
I held some tokens in 2017-18 like APPC, FDX, PINCOIN. Which were then worth about $4k.  I am still holding the tokens in the hope of increasing the price. All of which now cost around $10. As they are ERC20 tokens, their transaction fee will be more than the value.
If you have small amount of token then of course the transaction fee amount is more than the value if not then the total amount of fee recovered after selling but the profit as we call it is less. I have tokens called equad and the fee I spent is 3.22 dollars for approving trade on uniswap and the fee to swap is 7.68 dollars worth of eth and the amount sold is 18.75 dollars which is I only got 7.85 dollars after that.  In the past I have sold 1k+ amount of equad which I got 0.01120802494905651Eth and a few days back is I only got 0.005630629261718997 Eth which a total of equad I sold is around 2.6k+ equad tokens. As you can see, the price did increase but I only got $7.85 which the rest is for fee and past transaction is I spend less than that which cost me around 1-3 dollars.