Transaction fees, exchange spread, exchange fees, bank fees, currency conversion fees, card fees... Some of these to be counted twice, once you sell fiat for sats, then you sell sats for fiat to buy food.
I used to dca and put all the money I earned from work in sats, but I was losing up to 30% of it in fees. In bear markets it can be soul crushing.
I am a member of Mensa, but I honestly feel like a fool, a complete idiot.
osho / Gyatso
npub14jg…s6a7
2024-06-17 10:41:55
in reply to nevent1q…6g98
Author Public Key
npub14jgcguv4a4q5c36akf45u7l5l8xys7hj5s3a7zt4sc4fddgfxcvqxds6a7Published at
2024-06-17 10:41:55Event JSON
{
"id": "7a404407a4e15ef317f9e77e8cbbc903bc0e9cff38e2a8bbf715813a2b8d3eaf",
"pubkey": "ac91847195ed414c475db26b4e7bf4f9cc487af2a423df0975862a96b5093618",
"created_at": 1718613715,
"kind": 1,
"tags": [
[
"p",
"dd664d5e4016433a8cd69f005ae1480804351789b59de5af06276de65633d319"
],
[
"e",
"23e45287750a476b1b22c6301cabf17d1d356097024c501c25662685c80cca4e",
"wss://theforest.nostr1.com",
"root"
]
],
"content": "Transaction fees, exchange spread, exchange fees, bank fees, currency conversion fees, card fees... Some of these to be counted twice, once you sell fiat for sats, then you sell sats for fiat to buy food.\n\nI used to dca and put all the money I earned from work in sats, but I was losing up to 30% of it in fees. In bear markets it can be soul crushing.\n\nI am a member of Mensa, but I honestly feel like a fool, a complete idiot.",
"sig": "0d421d37c9c9555ec9291aa80ec8d8ca6ceca8dc8b297d8688e2ee1f9b3c1fa3a722aa688e6e61b76a8b33d76d3607bb261363da7ffc443dc3fc304a87f4257e"
}