With meme coins, the liquidity is dogshit. There’s no real market for sale.
If you sell the tokens piece-by-piece as you get them, you drive down the future price and might get less real money overall. Better to sell a big chunk at once.
Also, not every exchange has a wallet/custody system. It’s entirely possible for direct p2p trades to happen without any intermediate transfers. I don’t know if pump.fun actually does this.
echodot@feddit.uk 4 weeks ago
This is why services like steam don’t offer bitcoin and other cryptocurrencies as a method of payment. Because you’re screwed no matter what you do, if you convert it you drive the cost down, if you don’t convert it it stays in this unsecured unverified easy to steal format with insane value fluctuation. You would literally be better off getting paid in roubles.
NotKyloRen@lemmy.zip 4 weeks ago
They (Steam) offered Bitcoin payment, but pulled out because of what you said. They were covering the changes in fluctuation, but ultimately it was too unstable. I recall a statement from them saying something like, the value fluctuated too much during the brief checkout process, even.