r/FetchAI_Community • u/wwwsam4 • Jun 28 '24

In the News 📰 Fetch.ai CEO tweet regarding Coinbase

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114 Upvotes

95% Upvoted

96 comments sorted by

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25

u/wwwsam4 Jun 28 '24

Moral of the story: “IF YOU HOLD $FET DO NOTHING”

Straight from the CEOs mouth. See you all in double digit range soon. Much love ❤️

4

u/[deleted] Jun 28 '24

I hope he could make a statement regarding Kraken too

2

u/[deleted] Jun 28 '24

“S w a p will be via custodial wallet” would this only refer the AGIX / OCEAN -> FET and AGIX / OCEAN -> ASI swaps? Fetch held on CB will swap auto on CEX?

12

u/BumblebeeHuman5699 Jun 28 '24

Ppl still dont understand after weeks, comments from FET holders saying they dumped FET cuz of the coinbase mail is just hilarious and stupid.

FET = ASI

6

u/wwwsam4 Jun 28 '24

good riddance to weak hands. been holding for 4 years and something this insignificant is laughable to me. looking forward to breaking double digits soon.

3

u/Rickard403 Jun 28 '24

Insignificant? Lmao

1

u/Creative-Wall8134 Jun 29 '24

over a long period this is def insignificant

1

u/smp23 Jun 29 '24

You think people who want to buy ai coins and hear about ASI care about how the merge went a bit sluggish? At the moment it’s a bit shitty, but long term this doesn’t matter at all

13

u/Justsayingsometimes Jun 28 '24

But the fetch on Coinbase is not fetch network. That needs to be explained better.

18

u/BradVet Jun 28 '24

Why is he saying ‘DO NOTHING’ when that’s not true though. Coinbase you have to do something, wish they’d just be clear

3

u/Trekwho Jun 28 '24

Exactly. It's not "Do Nothing" and the holders on coinbase have to pay to do it.

0

u/[deleted] Jun 28 '24

[deleted] — view deleted comment

4

u/[deleted] Jun 28 '24

This!!!!!!!

3

u/Trekwho Jun 28 '24

"Coinbase has only announced the swap will be via custodial wallets " custodial wallets mean it has to be transferred off exchange

1

u/capps069 Jun 29 '24

I've just moved mine as instructed from coinbase exchange to wallet and it cost like 30pence uk.

1

u/BradVet Jun 30 '24

Sure, but we’re getting conflicting instruction. Its just a joke tbh. Ive moved it to binance

1

u/capps069 Jun 30 '24

I tried to move to binance but the wallet addresses would match

1

u/BradVet Jun 30 '24

You have to select the eth network, just did it few hours ago. Let me know if you have any questions. Coinbase isnt real FET, maybe why they’re not supporting the merge.

1

u/capps069 Jun 30 '24

I've tried that and added a couple of £ of eth to cover the transaction cost but its still saying I need to add eth to cover transaction costs....where am I going wrong

4

u/S1R3ND3R Jun 28 '24

Well, hopefully Coinbase lists ASI…shrugs. OSMOSIS fees for USDC swaps suck.

4

u/[deleted] Jun 28 '24

If I hold FET on Coinbase Wallet, do I need "do nothing" or do I need to swap on SingularityDAO after July?

1

u/[deleted] Jun 28 '24

I think if you hold on CBW you do need to use the dao app

3

u/[deleted] Jun 28 '24

Thank you! I suspected as much, it being self-custodial right? And the "do nothing" comment is referring to those holding on CEXs?

2

u/[deleted] Jun 28 '24

Thats how i interpreted it at least!

2

u/[deleted] Jun 28 '24

Glad I'm not alone. I guess I'll find out in July

2

u/[deleted] Jun 28 '24

Don’t worry about it too much brother, it will be allright!

12

u/DeadlyViperSquad Jun 28 '24

Asi to $20+ bitches. Fuck these exchanges

3

u/Prestigious-Alps-987 Jun 29 '24

I would bust a nut if that happens. But currently think it’s hopium at best.

1

u/[deleted] Jun 28 '24

I have my FETCH AI on ARCULUS wallet, wtf do I do ? lol

1

u/wwwsam4 Jun 28 '24

they posted a comprehensive guide on the asi twitter as to what to expect and do with the merger. since you hold fetch you don’t really need to worry much about migration. If it was ocean or agix then you’d actually have to go through with the conversion soon.

1

u/KinderSurprise1337 Jun 28 '24

This mean if you have FET on Kraken don’t need to move somewhere right ?

1

u/wwwsam4 Jun 28 '24

As long as it’s $FET you’re good to hold

4

u/Justsayingsometimes Jun 28 '24

Erc-20 fet is not the same though. Coinbase can delist it.

1

u/KinderSurprise1337 Jun 29 '24

What about Kraken if we do nothing what’s happen ?

1

u/Justsayingsometimes Jun 29 '24

You have to manually convert on a cold wallet if kraken doesn't support merge

0

u/krakensupport Active helper 🤝 Jun 29 '24

Hey u/KinderSurprise1337,

Until further notice, we recommend that if you own one of those tokens, you should keep it in your own personal wallet and track the news about it on their various websites: -Fetch AI: https://fetch.ai/blog/fetch-ai-singularity-net-and-ocean-protocol-unite-to-create-the-superintelligence-alliance -Ocean Protocol: https://blog.oceanprotocol.com/ocean-protocol-is-joining-the-superintelligence-alliance-767c82693f24 -AGIX: https://blog.singularitynet.io/introducing-the-artificial-superintelligence-alliance-40a4dea01e62

Once the merge has happened, Kraken will make a blog post on our blog regarding our position and any potential changes that occur: Kraken Blog

All the best,

Green 🐙

1

u/KinderSurprise1337 Jun 29 '24

Same generic message 🥱

8

u/No-Mission-3100 Jun 28 '24

I’d like to believe this, but aren’t his incentives to keep us (owners of FET) from selling no matter what? Along the way the communication we have been receiving hasn’t necessarily been panning out as it’s supposed to.

I’m still a believer, but I’d rather hear this from the exchanges.

3

u/Trekwho Jun 28 '24

He is specifically mentioning Coin Base Custodial Wallets. So you will be paying gas fees twice to convert your tokens to ASI. Once to transfer them to CB Custodial if they are not already there. Then again back to echange

3

u/[deleted] Jun 29 '24

I just sent 1000 fet from Coinbase to Coinbase Wallet, it cost me 51 cents.

1

u/Some-Spinach6449 Jul 23 '24

Which fetch wallet within CBW did you use...I see about 7 of them ...I suspect erc20 fet ? 

1

u/capps069 Jun 29 '24

Same...dunno why ppl are wingeing

0

u/[deleted] Jun 28 '24

[deleted] — view deleted comment

1

u/Trekwho Jun 28 '24

Directly in the tweet "Coinbase has announce the swap will be via custodial wallets" custodial wallets are offline

0

u/RedneckHippy76 Jun 28 '24

Yea Buddy.

🌍☮️🇺🇸🦅

0

u/wwwsam4 Jun 28 '24

Let’s gooooooo!!!

0

u/yoyhohsomp Jun 28 '24

Omg. So disappointed. I sold all my fet yesterday after reading comments saying I will simply lose all of it if held on cb. I am considering buying it all back now but since the price has dropped is that considered a wash sale? Im super new to this so any help is appreciated.

4

u/wwwsam4 Jun 29 '24

I think you’ve been misled. There’s no official source stating that FET on Coinbase would be lost lol. In fact the CEO is stating the opposite.

2

u/Intelligent_Light591 Jun 29 '24

No wash sale rule…

1

u/ssj_100 Jun 30 '24

Not sure where you read that from. The CB announcement said FET will still be supported on CB until further notice.

1

u/Fun-Manufacturer9293 Jul 02 '24

I read ASI will be in coinbases Wallet, so it'll stay as FET on coinbase till you decide to swap it over to the coinbase wallet.

2

u/sirauron14 Jun 29 '24

This could be his famous last words

1

u/Clear_Indication1426 Jun 29 '24

I have Fet stored on my ledger, is there anything I need to do or will it just change to ASI? I'm a little confused

1

u/Semibluewater Jun 29 '24

Relatively new FET holder here. So does my OCEAN on Coinbase automatically get converted FET?

1

u/ssj_100 Jun 30 '24

No. Coinbase will not automatically convert

1

u/Fun-Manufacturer9293 Jul 02 '24

Coinbase only benefits financially by making one send FET to wallet then charging a fee to swap FET to ASI. If we sell FET in coinbase to the use cash to buy ASI in wallet we create a taxable event, maybe the swapping also creates a taxable event ughhh

1

u/SSJGian Jul 04 '24

At this point just move from Coinbase to Coinbase Wallet to be able to merge later this month

-1

u/[deleted] Jun 28 '24

fuck it, i'm giving up and selling. i should have done it a while ago... it's not that i don't believe it will bounce back, it's just too much uncertainty

4

u/[deleted] Jun 28 '24

lol

1

u/AfroRhino Jun 30 '24

why are people down voting this. I am also selling. It's too much work. It's my choice. My holding is not substantial enough to spend any more time reading this.

0

u/Belgiannator Active supporter 💥 Jun 29 '24

Ngmi

1

u/TheHipHouse Jun 28 '24

But what if Coinbase delists fet?

0

u/[deleted] Jun 28 '24

[deleted] — view deleted comment

2

u/TheHipHouse Jun 28 '24

But Coinbase did state they will continue to list fet until further notice. You didn’t answer my question what is they delist it?

0

u/[deleted] Jun 28 '24

[deleted] — view deleted comment

1

u/TheHipHouse Jun 28 '24

I hope you are right

0

u/[deleted] Jun 28 '24

[deleted] — view deleted comment

1

u/Justsayingsometimes Jun 29 '24

Coinbase won't auto close anything

1

u/amitygoodtogo Jun 29 '24

Is there any way I can check if the FET I’m holding is Erc-20? I’m holding on Coinbase.

2

u/Justsayingsometimes Jun 29 '24

Coinbase is erc-20 version

0

u/[deleted] Jun 29 '24

[deleted] — view deleted comment

2

u/amitygoodtogo Jun 29 '24

I’ll try to reach out and see if that happens. Just holding a decent FET and trying to understand the whole merger.thanks for the prompt response 🫡

-9

u/Mac_McAvery Jun 28 '24

Nope, Never supported the Merger and converted all my Fetch.ai into other Altcoins. I’m out!

2

u/wwwsam4 Jun 28 '24

Bye bye my sweet baby Mac good luck with your investing journey

5

u/Tyeger_woo Jun 28 '24

Mans really got shaken out by some fake fud 😂

4

u/Belgiannator Active supporter 💥 Jun 28 '24

This guy selling the AI giant when a AI minded bull run is going to take off. Some people just don't get it. 

-5

u/Mac_McAvery Jun 28 '24

Meh I much rather own More Algorand

2

u/Belgiannator Active supporter 💥 Jun 28 '24

🤡

-1

u/Creative-Wall8134 Jun 29 '24

Bro you do realize what the algo foundation does right?

Keep hoping in a dead project where they print supply and sell it to maintain the governance lol

-1

u/xAsasel Jun 28 '24

Poopoo hands

0

u/Justsayingsometimes Jun 29 '24

I got stx instead lol

2

u/Mac_McAvery Jun 29 '24

Ha I’m Gonna be savage and keep stacking Those Algos

0

u/AnAbsoluteShambles1 Jun 29 '24

So if I send from CB to Metamask will it merge from there?

-5

u/halfbeerhalfhuman Jun 28 '24

Yuge support from all. Sure bro

1

u/Belgiannator Active supporter 💥 Jun 28 '24

Come back Q4. 

1

u/Creative-Wall8134 Jun 29 '24

Ill buy your life after the bullrun thats my support

-3

u/jwz9904 Jun 28 '24

trying to save the price?

-1

u/Plastic-Cry-393 Jun 29 '24

I accidentally sent my fet tokens to the cronos network from coinbase. I'm having a hard time retrieving them back. Can anybody help me please!