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I got this thing because I made a decent bit off flipping bitcoin before Robinhood let its mask slip and everybody jumped ship, so I rolled the profits from that into a Ledger Nano X because I figure why not reinvest those earnings and trade the right way?

I've been meaning to get crypto to get my assets out of USD so I'm insulated from the coming hyperinflation, but now that I've got one and I'm looking into how it works it seems like more trouble than it's worth. I set me Ledger up with Ledger Live, did all the seed word bullshit, then when I went to actually trade I saw how high the transaction and "handling" (excuse the fuck out of me?) fees were and if I didn't know any better I'd say this whole Bitcoin thing was a scam.

I did some looking into it and apparently Electrum is a better solution, but then I'd have to create a new wallet with new seed words, I don't even know if it'll use my Ledger for authenticating transactions, and this is turning into a shit show pretty fast. Which is why I'm here asking for advice from people who already trade crypto with a Ledger.

I got this thing because I made a decent bit off flipping bitcoin before Robinhood let its mask slip and everybody jumped ship, so I rolled the profits from that into a Ledger Nano X because I figure why not reinvest those earnings and trade the right way? I've been meaning to get crypto to get my assets out of USD so I'm insulated from the coming hyperinflation, but now that I've got one and I'm looking into how it works it seems like more trouble than it's worth. I set me Ledger up with Ledger Live, did all the seed word bullshit, then when I went to actually trade I saw how high the transaction and "handling" (excuse the fuck out of me?) fees were and if I didn't know any better I'd say this whole Bitcoin thing was a scam. I did some looking into it and apparently Electrum is a better solution, but then I'd have to create a new wallet with new seed words, I don't even know if it'll use my Ledger for authenticating transactions, and this is turning into a shit show pretty fast. Which is why I'm here asking for advice from people who already trade crypto with a Ledger.

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That's one of the reasons I pulled my crypto assets out of Robinhood. One of the reasons I wanted to invest in crypto was as a contingency, but it's not useful as a contingency if I'm using something like Robinhood because, if shit really hits the fan, all the shit I have in Robinhood won't be mine anymore ('cause it never really was).

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Well the downside to decentralized currency is transaction fees/network fees/gas fees. Whatever you want to call them. Centralized exchanges are cheap to trade on because they have liquidity pools and trades aren't happening on the blockchain.

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Yeah, I wasn't expecting that. I'm probably gonna try to find a time when transaction fees are as low as possible and make an investment. I am planning on sitting on it long-term as a contingency, but I still wanna buy as low as possible in case I ever wanna flip it later.

[–] 0 pt

If you're new to crypto and looking for safe investments, BTC ETH LINK are all you need. ETH is looking very bullish this year based on recent developments.

9:00-12:00 pm UTC is lowest gas fees btw