Posted on 06/19/2021 10:01:58 AM PDT by lowbridge
When Chris Williamson put $20 into cryptocurrency Rocket Bunny, he didn't expect to become a trillionaire overnight.
Yet, temporarily at least, that appeared to be what happened.Williamson said that when he tried to move the currency into another wallet to withdraw, it wasn't showing the same price, so he contacted Coinbase.
The student from Manchester, Georgia, then rushed onto the Coinbase cryptocurrency trading app, barely believing what he was seeing.
Coinbase replied with a short answer saying it was looking into the issue, and tried to contact Rocket Bunny but never heard anything back.
"So, that's when I'm like, 'Okay, I'm just going to have fun with it at this point.'
So, I went to Twitter," Williamson told the news network."You know when you look at it, it's like you know there's no way I'm ever going to get this amount of money," he said.
Williamson was expecting the large sum of money to quickly disappear from his account, but instead it grew. He determined that he bought into the correct online coin, and that it wasn't a scam.
The Georgia student even tweeted billionaire Elon Musk, Tesla and SpaceX CEO who frequently posts to social media about cryptocurrencies, hoping he could provide him advice about his newfound fortune.
"I thought for sure because he trolls people all the time," Williamson said. "I am hoping he's actually saw it and maybe he's been following it, but I don't know. That is an Elon Musk wallet."
(Excerpt) Read more at newsweek.com ...
A billion dollars isn’t what it used to be.
LMAO, wha?
The article says which cryptocurrency he invested in: Rocket Bunny.
There is no coin named “Rocket Bunny” on Coinbase.
I did look it up, and it’s not even on 1 Exchange anywhere.
https://coinmarketcap.com/currencies/rocket-bunny/
Like I said it is FAKE NEWS.
Yes, there is a crypto called Rocket Bunny.
https://coinmarketcap.com/currencies/rocket-bunny/
Is it on Coinbase? I have no idea, as I only hold ETH and BTC.
see rocketbunny.io
While there is no rocket bunny on coinbase, this is not a coin, it’s an etherum token.
You can hold the token in your coinbase wallet.
You can then go to uniswap, link your wallet and sell for Eth. Not sure what the gas fees are on 1 trillion dollar, but I bet it’s steep :)
Umm.... first line of article.
Rocket Bunny
Try reading my reply again on post #24.
I said there is no Rocket Bunny on COINBASE...., but provided you a link showing the coin exists, but it is not on any Exchange. Meaning you cannot get it anywhere.
So looking at this on Uniswap, 1 trillion Rocket bunnies will run $43.02 plus gas fees. If I had more Eth in my wallet, I’d be inclined to buy some of this garbage for the same reason the guy in the article did.
If you own a trillion of something, it doesn’t have to go up much to turn into some real money.
Umm.. It’s not traded on any Exchange.
FAKE NEWS
Go to this link. It’s got rocket bunny pre-populated. Link a wallet with ETH on it and buy it yourself.
https://app.uniswap.org/#/swap?outputCurrency=0x3Ea50B7Ef6a7eaf7E966E2cb72b519C16557497c&use=V2
As a note, there’s no liquidity in Uniswap V3, so do the trade on V2.
If you don’t trust my link go to uniswap.org and search it yourself.
It’s there, you can buy it and it hold it in your coinbase wallet.
Link the Exchange that has Rocket Bunny.
There is none.
I don’t care, as I won’t be buy8ng it.
For the record ETH stands for Ethereum and NOT Rocket Bunny.
Haha!
S.M.H.
That is irrelevant...
You could not buy it if you wanted to because it is NOT on any Exchange.
Uhm, yeah, I know that. I just bought 500,000,000,000 rocket bunnies for $21 and about $6 in gas fees. I did not buy it on an exchange, I bought it on uniswap. You know, DEFI? Which apparently you don't know what it is which makes you a crypto newbie.
I just took it a few minutes ago.
Apparently there was some slippage and I lost 20 billion bunnies before the swap completed.
You obviously do not know understand DEFI and do not understand what is an Exchange.
DEFI stands for Decentralized Finance.
***NEWS FLASH****. UniSwap is an Exchange....It is a DECENTRALIZED Exchange with high gas fees.
When you did a swap from Ethereum to Rocket Bunny that is an Exchange! You did it on a decentralized Exchange.
The story is still FAKE NEWS. In order to cash back at Coinbase the guy would have to swap Rocket Bunny back to Ethereum on Uniswap first.....
The current Ethereum price is still over 2k a token. So he would not lose this trillions in Rocket Bunny like the story claims. Furthermore, if he did a swap, then you would see the spike in price of Ethereum sky. The price of Ethereum has been falling for a while now.
I have big crypto bags. I’ve watched my purchases move coin prices, including Ethereum, and they were not even 10k.
So if this guy really swapped his “Rocket Bunny” back into Ethereum on Uniswap the world would have saw it. Moreover, it is a taxable event, moved it back to Coinbase, and then tried to cash out in a Centralized Exchange? That would be a taxable event.
Coinbase would see a huge supply of Ethereum come into their Exchange, and it would get noticed world wide. The market cap on Ethereum would dramatically change and become the number 1 coin. This dude would have more Ethereum than the founders combined. Everyone would see it.
For the record, I have the highest level you can get on Coinbase, and it still has limits.
Let’s play make believe like this happen. Why would this guy go to 1 Exchange too? There are many other Exchanges that have cash you can swap Ethereum. They all have limits though.
If you really been in crypto a long time, then you clearly do not understand and do not know how it works.
I am a crypto newbie. I had a small quantity of BTC in a dormant Coinbase account...when I logged in after several years, the value was 50x what it had been. Now I buy and hold BTC and ETH through Coinbase.
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