Best cryptocurrency exchanges in Canada (2020 update

Bitcoin Canadian Subreddit

Let's talk about Bitcoin in Canada
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Exchange Traded Funds (ETFs)

Welcome to the Exchange Traded Funds subreddit.
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Coin Collecting - Coin News - Coins in History

We welcome longtime collectors, as well as brand new ones and non-collectors. HOWEVER, NEW USERS ARE ASKED TO READ THE FAQ BEFORE POSTING. For help identifying a coin, check the FREQUENT COIN LIST first. We can help with ID if you post clear, well-lit photos of both sides of a coin, but please no more than 10 per submission. We can also help value coins, but IT IS STRICTLY AGAINST OUR RULES to make offers to buy and sell on this subreddit. Thank you!
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Canadian crypto exchange QuadrigaCX goes offline, Reddit screams 'Exit Scam'

Canadian crypto exchange QuadrigaCX goes offline, Reddit screams 'Exit Scam' submitted by xenokilla to redditorsmakethenews [link] [comments]

I found this through BTC sub reddit, New Crypto Exchange for Canadians?

Hey guys, like many of you I was trying to find a better way of purchasing LTC. I was browsing through the BTC sub Reddit and I actually found this Exchange known as Vault of Satoshi (VoS). You can purchase BTC and LTC and if you are Canadian such as myself, you can do a Cash Deposit. I thought I would share this with my fellow LTC members. This seems like the best way to go for purchasing LTC for Canadians. VoS
submitted by Kryogenic to litecoin [link] [comments]

How the TFSA works

(Updated August 9th, 2020)

Background


You may have heard about off-shore tax havens of questionable legality where wealthy people invest their money in legal "grey zones" and don't pay any tax, as featured for example, in Netflix's drama, The Laundromat.

The reality is that the Government of Canada offers 100% tax-free investing throughout your life, with unlimited withdrawals of your contributions and profits, and no limits on how much you can make tax-free. There is also nothing to report to the Canada Revenue Agency. Although Britain has a comparable program, Canada is the only country in the world that offers tax-free investing with this level of power and flexibility.

Thank you fellow Redditors for the wonderful Gold Award and Today I Learned Award!

(Unrelated but Important Note: I put a link at the bottom for my margin account explainer. Many people are interested in margin trading but don't understand the math behind margin accounts and cannot find an explanation. If you want to do margin, but don't know how, click on the link.)

As a Gen-Xer, I wrote this post with Millennials in mind, many of whom are getting interested in investing in ETFs, individual stocks, and also my personal favourite, options. Your generation is uniquely positioned to take advantage of this extremely powerful program at a relatively young age. But whether you're in your 20's or your 90's, read on!

Are TFSAs important? In 2020 Canadians have almost 1 trillion dollars saved up in their TFSAs, so if that doesn't prove that pennies add up to dollars, I don't know what does. The TFSA truly is the Great Canadian Tax Shelter.

I will periodically be checking this and adding issues as they arise, to this post. I really appreciate that people are finding this useful. As this post is now fairly complete from a basic mechanics point of view, and some questions are already answered in this post, please be advised that at this stage I cannot respond to questions that are already covered here. If I do not respond to your post, check this post as I may have added the answer to the FAQs at the bottom.

How to Invest in Stocks


A lot of people get really excited - for good reason - when they discover that the TFSA allows you to invest in stocks, tax free. I get questions about which stocks to buy.

I have made some comments about that throughout this post, however; I can't comprehensively answer that question. Having said that, though, if you're interested in picking your own stocks and want to learn how, I recommmend starting with the following videos:

The first is by Peter Lynch, a famous American investor in the 80's who wrote some well-respected books for the general public, like "One Up on Wall Street." The advice he gives is always valid, always works, and that never changes, even with 2020's technology, companies and AI:

https://www.youtube.com/watch?v=cRMpgaBv-U4&t=2256s


The second is a recording of a university lecture given by investment legend Warren Buffett, who expounds on the same principles:

https://www.youtube.com/watch?v=2MHIcabnjrA

Please note that I have no connection to whomever posted the videos.

Introduction


TFSAs were introduced in 2009 by Stephen Harper's government, to encourage Canadians to save.

The effect of the TFSA is that ordinary Canadians don't pay any income or capital gains tax on their securities investments.

Initial uptake was slow as the contribution rules take some getting used to, but over time the program became a smash hit with Canadians. There are about 20 million Canadians with TFSAs, so the uptake is about 70%- 80% (as you have to be the age of majority in your province/territory to open a TFSA).

Eligibility to Open a TFSA


You must be a Canadian resident with a valid Social Insurance Number to open a TFSA. You must be at the voting age in the province in which you reside in order to open a TFSA, however contribution room begins to accumulate from the year in which you turned 18. You do not have to file a tax return to open a TFSA. You do not need to be a Canadian citizen to open and contribute to a TFSA. No minimum balance is required to open a TFSA.

Where you Can Open a TFSA


There are hundreds of financial institutions in Canada that offer the TFSA. There is only one kind of TFSA; however, different institutions offer a different range of financial products. Here are some examples:


Insurance


Your TFSA may be covered by either CIFP or CDIC insuranceor both. Ask your bank or broker for details.

What You Can Trade and Invest In


You can trade the following:


What You Cannot Trade


You cannot trade:

Again, if it requires a margin account, it's out. You cannot buy on margin in a TFSA. Nothing stopping you from borrowing money from other sources as long as you stay within your contribution limits, but you can't trade on margin in a TFSA. You can of course trade long puts and calls which give you leverage.

Rules for Contribution Room


Starting at 18 you get a certain amount of contribution room.

According to the CRA:
You will accumulate TFSA contribution room for each year even if you do not file an Income Tax and Benefit Return or open a TFSA.
The annual TFSA dollar limit for the years 2009 to 2012 was $5,000.
The annual TFSA dollar limit for the years 2013 and 2014 was $5,500.
The annual TFSA dollar limit for the year 2015 was $10,000.
The annual TFSA dollar limit for the years 2016 to 2018 was $5,500.
The annual TFSA dollar limit for the year 2019 is $6,000.
The TFSA annual room limit will be indexed to inflation and rounded to the nearest $500.
Investment income earned by, and changes in the value of TFSA investments will not affect your TFSA contribution room for the current or future years.

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/tax-free-savings-account/contributions.html
If you don't use the room, it accumulates indefinitely.

Trades you make in a TFSA are truly tax free. But you cannot claim the dividend tax credit and you cannot claim losses in a TFSA against capital gains whether inside or outside of the TFSA. So do make money and don't lose money in a TFSA. You are stuck with the 15% withholding tax on U.S. dividend distributions unlike the RRSP, due to U.S. tax rules, but you do not pay any capital gains on sale of U.S. shares.

You can withdraw *both* contributions *and* capital gains, no matter how much, at any time, without penalty. The amount of the withdrawal (contributions+gains) converts into contribution room in the *next* calendar year. So if you put the withdrawn funds back in the same calendar year you take them out, that burns up your total accumulated contribution room to the extent of the amount that you re-contribute in the same calendar year.

Examples


E.g. Say you turned 18 in 2016 in Alberta where the age of majority is 18. It is now sometime in 2020. You have never contributed to a TFSA. You now have $5,500+$5,500+$5,500+$6,000+$6,000 = $28,500 of room in 2020. In 2020 you manage to put $20,000 in to your TFSA and you buy Canadian Megacorp common shares. You now have $8,500 of room remaining in 2020.

Sometime in 2021 - it doesn't matter when in 2021 - your shares go to $100K due to the success of the Canadian Megacorp. You also have $6,000 worth of room for 2021 as set by the government. You therefore have $8,500 carried over from 2020+$6,000 = $14,500 of room in 2021.

In 2021 you sell the shares and pull out the $100K. This amount is tax-free and does not even have to be reported. You can do whatever you want with it.

But: if you put it back in 2021 you will over-contribute by $100,000 - $14,500 = $85,500 and incur a penalty.

But if you wait until 2022 you will have $14,500 unused contribution room carried forward from 2021, another $6,000 for 2022, and $100,000 carried forward from the withdrawal 2021, so in 2022 you will have $14,500+$6,000+$100,000 = $120,500 of contribution room.

This means that if you choose, you can put the $100,000 back in in 2022 tax-free and still have $20,500 left over. If you do not put the money back in 2021, then in 2022 you will have $120,500+$6,000 = $126,500 of contribution room.

There is no age limit on how old you can be to contribute, no limit on how much money you can make in the TFSA, and if you do not use the room it keeps carrying forward forever.

Just remember the following formula:

This year's contribution room = (A) unused contribution room carried forward from last year + (B) contribution room provided by the government for this year + (C) total withdrawals from last year.

EXAMPLE 1:

Say in 2020 you never contributed to a TFSA but you were 18 in 2009.
You have $69,500 of unused room (see above) in 2020 which accumulated from 2009-2020.
In 2020 you contribute $50,000, leaving $19,500 contribution room unused for 2020. You buy $50,000 worth of stock. The next day, also in 2020, the stock doubles and it's worth $100,000. Also in 2020 you sell the stock and withdraw $100,000, tax-free.

You continue to trade stocks within your TFSA, and hopefully grow your TFSA in 2020, but you make no further contributions or withdrawals in 2020.


The question is, How much room will you have in 2021?
Answer: In the year 2021, the following applies:
(A) Unused contribution room carried forward from last year, 2020: $19,500
(B) Contribution room provided by government for this year, 2021: $6,000
(C) Total withdrawals from last year, 2020: $100,000

Total contribution room for 2021 = $19,500+6,000+100,000 = $125,500.

EXAMPLE 2:
Say between 2020 and 2021 you decided to buy a tax-free car (well you're still stuck with the GST/PST/HST/QST but you get the picture) so you went to the dealer and spent $25,000 of the $100,000 you withdrew in 2020. You now have a car and $75,000 still burning a hole in your pocket. Say in early 2021 you re-contribute the $75,000 you still have left over, to your TFSA. However, in mid-2021 you suddenly need $75,000 because of an emergency so you pull the $75,000 back out. But then a few weeks later, it turns out that for whatever reason you don't need it after all so you decide to put the $75,000 back into the TFSA, also in 2021. You continue to trade inside your TFSA but make no further withdrawals or contributions.

How much room will you have in 2022?
Answer: In the year 2022, the following applies:

(A) Unused contribution room carried forward from last year, 2021: $125,500 - $75,000 - $75,000 = -$24,500.

Already you have a problem. You have over-contributed in 2021. You will be assessed a penalty on the over-contribution! (penalty = 1% a month).

But if you waited until 2022 to re-contribute the $75,000 you pulled out for the emergency.....

In the year 2022, the following would apply:
(A) Unused contribution room carried forward from last year, 2021: $125,500 -$75,000 =$50,500.
(B) Contribution room provided by government for this year, 2022: $6,000
(C) Total withdrawals from last year, 2020: $75,000

Total contribution room for 2022 = $50,500 + $6,000 + $75,000 = $131,500.
...And...re-contributing that $75,000 that was left over from your 2021 emergency that didn't materialize, you still have $131,500-$75,000 = $56,500 of contribution room left in 2022.

For a more comprehensive discussion, please see the CRA info link below.

FAQs That Have Arisen in the Discussion and Other Potential Questions:



  1. Equity and ETF/ETN Options in a TFSA: can I get leverage? Yes. You can buy puts and calls in your TFSA and you only need to have the cash to pay the premium and broker commissions. Example: if XYZ is trading at $70, and you want to buy the $90 call with 6 months to expiration, and the call is trading at $2.50, you only need to have $250 in your account, per option contract, and if you are dealing with BMO IL for example you need $9.95 + $1.25/contract which is what they charge in commission. Of course, any profits on closing your position are tax-free. You only need the full value of the strike in your account if you want to exercise your option instead of selling it. Please note: this is not meant to be an options tutorial; see the Montreal Exchange's Equity Options Reference Manual if you have questions on how options work.
  2. Equity and ETF/ETN Options in a TFSA: what is ok and not ok? Long puts and calls are allowed. Covered calls are allowed, but cash-secured puts are not allowed. All other option trades are also not allowed. Basically the rule is, if the trade is not a covered call and it either requires being short an option or short the stock, you can't do it in a TFSA.
  3. Live in a province where the voting age is 19 so I can't open a TFSA until I'm 19, when does my contribution room begin? Your contribution room begins to accumulate at 18, so if you live in province where the age of majority is 19, you'll get the room carried forward from the year you turned 18.
  4. If I turn 18 on December 31, do I get the contribution room just for that day or for the whole year? The whole year.
  5. Do commissions paid on share transactions count as withdrawals? Unfortunately, no. If you contribute $2,000 cash and you buy $1,975 worth of stock and pay $25 in commission, the $25 does not count as a withdrawal. It is the same as if you lost money in the TFSA.
  6. How much room do I have? If your broker records are complete, you can do a spreadsheet. The other thing you can do is call the CRA and they will tell you.
  7. TFSATFSA direct transfer from one institution to another: this has no impact on your contributions or withdrawals as it counts as neither.
  8. More than 1 TFSA: you can have as many as you want but your total contribution room does not increase or decrease depending on how many accounts you have.
  9. Withdrawals that convert into contribution room in the next year. Do they carry forward indefinitely if not used in the next year? Answer :yes.
  10. Do I have to declare my profits, withdrawals and contributions? No. Your bank or broker interfaces directly with the CRA on this. There are no declarations to make.
  11. Risky investments - smart? In a TFSA you want always to make money, because you pay no tax, and you want never to lose money, because you cannot claim the loss against your income from your job. If in year X you have $5,000 of contribution room and put it into a TFSA and buy Canadian Speculative Corp. and due to the failure of the Canadian Speculative Corp. it goes to zero, two things happen. One, you burn up that contribution room and you have to wait until next year for the government to give you more room. Two, you can't claim the $5,000 loss against your employment income or investment income or capital gains like you could in a non-registered account. So remember Buffett's rule #1: Do not lose money. Rule #2 being don't forget the first rule. TFSA's are absolutely tailor-made for Graham-Buffett value investing or for diversified ETF or mutual fund investing, but you don't want to buy a lot of small specs because you don't get the tax loss.
  12. Moving to/from Canada/residency. You must be a resident of Canada and 18 years old with a valid SIN to open a TFSA. Consult your tax advisor on whether your circumstances make you a resident for tax purposes. Since 2009, your TFSA contribution room accumulates every year, if at any time in the calendar year you are 18 years of age or older and a resident of Canada. Note: If you move to another country, you can STILL trade your TFSA online from your other country and keep making money within the account tax-free. You can withdraw money and Canada will not tax you. But you have to get tax advice in your country as to what they do. There restrictions on contributions for non-residents. See "non residents of Canada:" https://www.canada.ca/content/dam/cra-arc/formspubs/pub/rc4466/rc4466-19e.pdf
  13. The U.S. withholding tax. Dividends paid by U.S.-domiciled companies are subject to a 15% U.S. withholding tax. Your broker does this automatically at the time of the dividend payment. So if your stock pays a $100 USD dividend, you only get $85 USD in your broker account and in your statement the broker will have a note saying 15% U.S. withholding tax. I do not know under what circumstances if any it is possible to get the withheld amount. Normally it is not, but consult a tax professional.
  14. The U.S. withholding tax does not apply to capital gains. So if you buy $5,000 USD worth of Apple and sell it for $7,000 USD, you get the full $2,000 USD gain automatically.
  15. Tax-Free Leverage. Leverage in the TFSA is effectively equal to your tax rate * the capital gains inclusion rate because you're not paying tax. So if you're paying 25% on average in income tax, and the capital gains contribution rate is 50%, the TFSA is like having 12.5%, no margin call leverage costing you 0% and that also doesn't magnify your losses.
  16. Margin accounts. These accounts allow you to borrow money from your broker to buy stocks. TFSAs are not margin accounts. Nothing stopping you from borrowing from other sources (such as borrowing cash against your stocks in an actual margin account, or borrowing cash against your house in a HELOC or borrowing cash against your promise to pay it back as in a personal LOC) to fund a TFSA if that is your decision, bearing in mind the risks, but a TFSA is not a margin account. Consider options if you want leverage that you can use in a TFSA, without borrowing money.
  17. Dividend Tax Credit on Canadian Companies. Remember, dividends paid into the TFSA are not eligible to be claimed for the credit, on the rationale that you already got a tax break.
  18. FX risk. The CRA allows you to contribute and withdraw foreign currency from the TFSA but the contribution/withdrawal accounting is done in CAD. So if you contribute $10,000 USD into your TFSA and withdraw $15,000 USD, and the CAD is trading at 70 cents USD when you contribute and $80 cents USD when you withdraw, the CRA will treat it as if you contributed $14,285.71 CAD and withdrew $18,75.00 CAD.
  19. OTC (over-the-counter stocks). You can only buy stocks if they are listed on an approved exchange ("approved exchange" = TSX, TSX-V, NYSE, NASDAQ and about 25 or so others). The U.S. pink sheets "over-the-counter" market is an example of a place where you can buy stocks, that is not an approved exchange, therefore you can't buy these penny stocks. I have however read that the CRA make an exception for a stock traded over the counter if it has a dual listing on an approved exchange. You should check that with a tax lawyer or accountant though.
  20. The RRSP. This is another great tax shelter. Tax shelters in Canada are either deferrals or in a few cases - such as the TFSA - outright tax breaks, The RRSP is an example of a deferral. The RRSP allows you to deduct your contributions from your income, which the TFSA does not allow. This deduction is a huge advantage if you earn a lot of money. The RRSP has tax consequences for withdrawing money whereas the TFSA does not. Withdrawals from the RRSP are taxable whereas they are obviously not in a TFSA. You probably want to start out with a TFSA and maintain and grow that all your life. It is a good idea to start contributing to an RRSP when you start working because you get the tax deduction, and then you can use the amount of the deduction to contribute to your TFSA. There are certain rules that claw back your annual contribution room into an RRSP if you contribute to a pension. See your tax advisor.
  21. Pensions. If I contribute to a pension does that claw back my TFSA contribution room or otherwise affect my TFSA in any way? Answer: No.
  22. The $10K contribution limit for 2015. This was PM Harper's pledge. In 2015 the Conservative government changed the rules to make the annual government allowance $10,000 per year forever. Note: withdrawals still converted into contribution room in the following year - that did not change. When the Liberals came into power they switched the program back for 2016 to the original Harper rules and have kept the original Harper rules since then. That is why there is the $10,000 anomaly of 2015. The original Harper rules (which, again, are in effect now) called for $500 increments to the annual government allowance as and when required to keep up with inflation, based on the BofC's Consumer Price Index (CPI). Under the new Harper rules, it would have been $10,000 flat forever. Which you prefer depends on your politics but the TFSA program is massively popular with Canadians. Assuming 1.6% annual CPI inflation then the annual contribution room will hit $10,000 in 2052 under the present rules. Note: the Bank of Canada does an excellent and informative job of explaining inflation and the CPI at their website.
  23. Losses in a TFSA - you cannot claim a loss in a TFSA against income. So in a TFSA you always want to make money and never want to lose money. A few ppl here have asked if you are losing money on your position in a TFSA can you transfer it in-kind to a cash account and claim the loss. I would expect no as I cannot see how in view of the fact that TFSA losses can't be claimed, that the adjusted cost base would somehow be the cost paid in the TFSA. But I'm not a tax lawyeaccountant. You should consult a tax professional.
  24. Transfers in-kind to the TFSA and the the superficial loss rule. You can transfer securities (shares etc.) "in-kind," meaning, directly, from an unregistered account to the TFSA. If you do that, the CRA considers that you "disposed" of, meaning, equivalent to having sold, the shares in the unregistered account and then re-purchased them at the same price in the TFSA. The CRA considers that you did this even though the broker transfers the shares directly in the the TFSA. The superficial loss rule, which means that you cannot claim a loss for a security re-purchased within 30 days of sale, applies. So if you buy something for $20 in your unregistered account, and it's trading for $25 when you transfer it in-kind into the TFSA, then you have a deemed disposition with a capital gain of $5. But it doesn't work the other way around due to the superficial loss rule. If you buy it for $20 in the unregistered account, and it's trading at $15 when you transfer it in-kind into the TFSA, the superficial loss rule prevents you from claiming the loss because it is treated as having been sold in the unregistered account and immediately bought back in the TFSA.
  25. Day trading/swing trading. It is possible for the CRA to try to tax your TFSA on the basis of "advantage." The one reported decision I'm aware of (emphasis on I'm aware of) is from B.C. where a woman was doing "swap transactions" in her TFSA which were not explicitly disallowed but the court rules that they were an "advantage" in certain years and liable to taxation. Swaps were subsequently banned. I'm not sure what a swap is exactly but it's not that someone who is simply making contributions according to the above rules would run afoul of. The CRA from what I understand doesn't care how much money you make in the TFSA, they care how you made it. So if you're logged on to your broker 40 hours a week and trading all day every day they might take the position that you found a way to work a job 40 hours a week and not pay any tax on the money you make, which they would argue is an "advantage," although there are arguments against that. This is not legal advice, just information.
  26. The U.S. Roth IRA. This is a U.S. retirement savings tax shelter that is superficially similar to the TFSA but it has a number of limitations, including lack of cumulative contribution room, no ability for withdrawals to convert into contribution room in the following year, complex rules on who is eligible to contribute, limits on how much you can invest based on your income, income cutoffs on whether you can even use the Roth IRA at all, age limits that govern when and to what extent you can use it, and strict restrictions on reasons to withdraw funds prior to retirement (withdrawals prior to retirement can only be used to pay for private medical insurance, unpaid medical bills, adoption/childbirth expenses, certain educational expenses). The TFSA is totally unlike the Roth IRA in that it has none of these restrictions, therefore, the Roth IRA is not in any reasonable sense a valid comparison. The TFSA was modeled after the U.K. Investment Savings Account, which is the only comparable program to the TFSA.
  27. The UK Investment Savings Account. This is what the TFSA was based off of. Main difference is that the UK uses a 20,000 pound annual contribution allowance, use-it-or-lose-it. There are several different flavours of ISA, and some do have a limited recontribution feature but not to the extent of the TFSA.
  28. Is it smart to overcontribute to buy a really hot stock and just pay the 1% a month overcontribution penalty? If the CRA believes you made the overcontribution deliberately the penalty is 100% of the gains on the overcontribution, meaning, you can keep the overcontribution, or the loss, but the CRA takes the profit.
  29. Speculative stocks-- are they ok? There is no such thing as a "speculative stock." That term is not used by the CRA. Either the stock trades on an approved exchange or it doesn't. So if a really blue chip stock, the most stable company in the world, trades on an exchange that is not approved, you can't buy it in a TFSA. If a really speculative gold mining stock in Busang, Indonesia that has gone through the roof due to reports of enormous amounts of gold, but their geologist somehow just mysteriously fell out of a helicopter into the jungle and maybe there's no gold there at all, but it trades on an approved exchange, it is fine to buy it in a TFSA. Of course the risk of whether it turns out to be a good investment or not, is on you.
Remember, you're working for your money anyway, so if you can get free money from the government -- you should take it! Follow the rules because Canadians have ended up with a tax bill for not understanding the TFSA rules.
Appreciate the feedback everyone. Glad this basic post has been useful for many. The CRA does a good job of explaining TFSAs in detail at https://www.canada.ca/content/dam/cra-arc/formspubs/pub/rc4466/rc4466-19e.pdf

Unrelated but of Interest: The Margin Account

Note: if you are interested in how margin accounts work, I refer you to my post on margin accounts, where I use a straightforward explanation of the math behind margin accounts to try and give readers the confidence that they understand this powerful leveraging tool.

How Margin Loans Work - a Primer

submitted by KhingoBhingo to CanadianInvestor [link] [comments]

Canadian BTC Exchanges

Looking to dip my toes into some crypto-coins from Canadian Exchanges and am having difficulty finding current reviews of the exchanges I'm considering the following and looking to make smallish trades with a few exchanges to see what I can do in 6-12 months while I learn the ropes. Seems tho that any reviews I can find on most of these are a year or more and hard to see what is legit vs bluffery.
The "predatory exchange checklist" sub has been helpful, for some in narrowing things down for me - hoping the hive-mind can give me some last-minute pointers.
https://www.reddit.com/BitcoinCA/comments/getkpf/psa_predatory_exchange_checklist/
I'm thinking of starting off with Ethereum, Stellar, Ripple or even Bitcoin Cash to start exploring. I have my own off-line wallet and am hoping to diversify a bit in the process.
For exchanges, I'm leaning towards Coinsmart or Newton but would appreciate any advice (good or bad) to help steer me in the right direction if at all possible. I'm ok with a bit of a leap of faith in my first foray as I'll be limiting my exposure, and try to make sure my risks are educated wherever possible.
Candidates exchanges:
Alternatives Candidates:
submitted by frontalnugity to BitcoinCA [link] [comments]

PSA: Predatory exchange checklist

Everyone please, I would seriously advise you to stay away from exchanges that have predatory practices that take advantage of new users and first time depositors, because they have no other way to make money. An exchange that is functioning properly makes money on either their trading fees or their spread. I am writing this to all the new people that are looking for bitcoin exchange/broker options in Canada.
There are certain things you should look at and if the exchange in question has any or a combination of the following I would suggest you stay away, as the practices of these exchanges are the reason they are running on fumes and I would not like to see anyone on here get caught in another exit scam.
  1. Deposit or Withdrawal fees on fiat or crypto (unrealistic amounts). There are plenty of other exchanges with no deposit or withdrawal fees and if the exchange is successful, this is not needed at all and is a failed business model in Canada.
  2. Minimum withdrawal or deposit amounts on fiat or crypto (within reason). You should be able to deposit and withdraw as much as you'd like without restriction. This is a tactic that will most likely cause you to have to bring your balance up to a certain amount before you can withdraw. I would not consider this to be the case if the amount is $5 or less, as it does cost money to send bank wire and e-transfer.
  3. Holds on funds and bank like activity (not including fraud concerns). No exchange should have to have a hold on any funds for any reason. It is your money and they are not a bank.
Right now in Canada, there are two highly rated exchanges that have the best history with almost no complaints on reddit (or any that seem to be of valid concern). They are Shakepay and Newton, which function much the same but their own unique properties and services. I am bi-partisan on what exchange you choose because they both have solid foundation, very good history and customer reviews and highest volume, but stay away from anything but them at this point is my advice to any newcomers reading this.
Edit: Although Kraken is technically based in the US, they are a very reputable exchange and service Canadian clientele, I'm just referencing exchanges based I'm Canada right now.
Edit 2: If an exchange has deposit or withdrawal fees, they should have a good justification for it, such as VERY low trading fees or margin account, cover mining fees or anything that you can logically see that would absorb this cost.
submitted by west_coast_ghost to BitcoinCA [link] [comments]

Get $22-28 from CoinField crypto exchange!

Coinfield are a Canadian crypto exchange. With their referral program, you can get 40 SOLO, which is currently ~$22, plus a welcome bonus of 10 SOLO (~$6, though this one is not 100% guaranteed). For the referral bonus, all you have to do is deposit 100 CAD/USD/GBP/EUR.
Steps:
  1. Sign up through my link and verify your identity to level 5 (non-ref, no bonus).
  2. You should see 10 SOLO added to your account, though this bonus is not guaranteed.
  3. Deposit $100 CAD or $100 USD or €100 EUR or £100 GBP or ¥10,000 JPY or 300 AED to your account. Check if there are fees associated with your chosen deposit method, and make sure that your deposit covers any possible fees! The final amount deposited cannot be less than the above amounts, so you might want to deposit a bit more.
  4. 40 SOLO will be added to your account!
Check the fees page before proceeding, EUR wire transfers should be free but may be occasionally unavailable. If that is the case, the best way to proceed would be to deposit in CAD via credit or debit card, for which there is a 2.95% fee, so if you deposit $105 CAD, you should be good to get the ref bonus.
Note that the minimum order size is 50 SOLO, and there may be a hold placed on your deposit, depending on your deposit method, check the bottom of the fees page for more info.
Edit: I recommend withdrawing your deposit and bonus in XRP to another wallet or exchange like Bitpanda or Crypto.com. This is free, and XRP transactions only take several seconds.
Referral info
submitted by One_Refrigerator to beermoneyuk [link] [comments]

Unexpected Ways To Spend Crypto

Unexpected Ways To Spend Crypto
Cryptocurrencies are confusing for the average and many of those who might have thought about having a cryptocurrency faced a question – “What am I to do with it?”. In fact, the answer is easy enough to come up with, as the cryptocurrencies are gradually being implemented into many areas of our life – you can buy goods with it, pay for your college, support charities, send to friends and family or even travel into space!
by StealthEX
Yes, most of the places where you can trade crypto coins are online but anyway it’s good to know that your cryptocurrency is not just an investment with the potential increase in value, it is an actual currency you can spend. Today let’s map out a bunch of peculiar use cases:

Get a new passport.

Venezuela recently introduced the option of getting your passport purchased in Bitcoin. The decision was made in order to mitigate the effects of the sanctions that the US government has imposed against Venezuela. The option is temporarily available for the citizens who reside outside the country. The government of Venezuela hasn’t yet passed the law on making it official, but the opportunity of getting your documents paid in decentralized currency sounds like a good scenario for the future.

Invest in startups

Innovative startups always crave for seed-capital, and good news is that with the formation and growth of digital fundraising the opportunity of becoming a startup investor has grown much for those who simply have an internet connection.
Initial coin offerings (ICOs) are a new form of fundraising that provides startups with the opportunity to raise capital by selling hot and fresh digital tokens to early project sponsors in exchange for “old school” cryptocurrencies. In some cases, new tokens could increase in price by several thousand percent!
In the past, such transactions were made only by experienced venture capitalists, but the advent of cryptocurrency has opened up these opportunities to a much broader array of investors.

Get paid for posting content

The social platform Steemit gives bloggers financial rewards (in cryptocurrency STEEM) for them posting and upvoting quality content. Developers assure that Steemit doesn’t collect and sell data of its users as Facebook does, that is why Steemit has become highly popular in emerging markets. Today there are more than 1 million registered users.

Travel

Travel giants such as CheapAir and Destinia travel accept bitcoin (BTC) as a means of payment to book flights, hotels and car rents. If you like to book an accommodation on your trip, then you better do it on CryptoCribs, they accept BTC and ETH. Moreover, the number of crypto ATMs is growing – for the time being, there are more than 8700 ATMs around the world.
As for the transport, bitcoin-friendly cabs are available in Argentina and Hungary, in 2014 the first airline accepting cryptocurrency payments became airBaltic with its flights to Europe and the Middle East. Since then, the Lithuanian airline Air Lituanica, the Polish LOT, the organizer of business flights Star Jets International and many other European, American, Canadian and Mexican companies have begun to offer such services. Aggregators of hotels, tours and tickets, such as Travelforcoins and Cheapair, also accept cryptocurrencies for payment.

Buy a Lambo

If you have enough coins in your crypto wallet and you love sports cars, luxury marketplace De Louvois is the place where you can buy status symbols, for example, buy a Lamborghini (in Bitcoin of course). Other upper-class items such as art pieces, wines, and real estate are also available.

Buy ​gold

In case a crypto-owner wants to dip their toes into less volatile assets, they would probably choose gold or silver. At different metal dealers and advisors like GoldSilver, BitPanda Metals, Vaultoro, JM Bullion, etc. you can use cryptocurrency to buy gold coins and other precious metals. In fact, you can use crypto to buy currency.
Sadly, such platforms and marketplaces are available far not everywhere in the world, but as the adoption of crypto goes fast, there is a reason to hope that things will change soon.
And remember if you need to exchange your coins StealthEX is here for you. We provide a selection of more than 250 coins and constantly updating the list so that our customers will find a suitable option. Our service does not require registration and allows you to remain anonymous. Why don’t you check it out? Just go to StealthEX and follow these easy steps:
✔ Choose the pair and the amount for your exchange. For example BTC to ETH.
✔ Press the “Start exchange” button.
✔ Provide the recipient address to which the coins will be transferred.
✔ Move your cryptocurrency for the exchange.
✔ Receive your coins.
Follow us on Medium, Twitter, Facebook, and Reddit to get StealthEX.io updates and the latest news about the crypto world. For all requests message us via support@stealthex.io.
The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.
Original article was posted on https://stealthex.io/blog/2020/08/18/unexpected-ways-to-spend-your-crypto/
submitted by Stealthex_io to StealthEX [link] [comments]

Canadian newb: warning to others and a suggestion/help request

I still haven't been able to buy anything, despite having invested ~$250 (hardware, PC security) into my crypto journey weeks ago. 2 exchanges have my full bank account log in details, 3 have personal identity documents and other KYC docs but I still have no coins.
Coinberry- wow. Just wow. Day one, weeks ago back when BTC was still USD8600 I signed up with all my KYC (id, hydro bill, bank account, etc) and haven't heard back since. They say 1 day approval, BS. Account is stuck in read only, they won't even close my account. I opened a Reddit account because I saw them communicating with people. I DMed and got a response saying, we've forwarded your message to support. So I guess my 4th request is now sitting on top of the other three. How long can they use "an influx of users" excuse?!
Newton- Connected my bank account It said verification failed, despite all 3 security questions answered and correct password. All were 100% correct, I use this account often and obviously know my security answers. They took all my bank login info and locked me out anyways.
Coinfield was my first attempt, I didn't go further then giving them my email after seeing their fee structure. Seemed high in comparison to many others. They disabled my account same day I requested deletion.
Guys I need some faith here. Even better, some solid suggestions from people who have tried to open an exchange account recently, doesn't need to be Canadian. Bonus points for an exchange that doesn't require so much of my personal information (yeah, I know taxes and regulation- I'm still gonna claim profit/losses but I'm DONE with this. I feel so exposed already, like I need to be watching all my bank account transactions for fraud now) It makes me nervous af that my bank account access are in the hands of god knows who and have absolutely nothing to show for it. I don't know if changing my passwords was enough.
I have a huge amount of faith in where crypto and blockchain will take us in the long run, but at the moment it feels like they're all taking me to the cleaners.
I also signed up for the Japanese platform Liquid, to get EWT. So far, they blew me off for a scheduled verification call.
**UPDATE** 6/3/2020
Newton approved me overnight, but is stuck in a lag funding circle. I stopped trying because it looks like a bug and I don't want a bunch of NSF fees. Or for them to have my money, at this point.
Liquid also approved me without the video call, and I'm trying to add my Transferwise account here. It won't let me fund it with my Canadian visa card.
Coinberry is still holding my account hostage and there is no way this isn't an exit scam. I've contacted them 5 times over the last few weeks and a reddit rep was the only response I got, and he was as helpful as their bots were. Not at all.
Moving forward I'm going to (try to) use my TW account to do add funding, it's fairly quick to fund with reasonable fees and offers a "wall" between my living money and investing money. I don't trust a single one of these GD platforms, holy hell.
submitted by cosmicariel to BitcoinBeginners [link] [comments]

Every Way I Have Made Money Online Since 2015

I have been making money online since 2015. There are so many ways that I can't remember them all, but here is a list of most of them - including the most significant ones. Hope this helps you somehow. As I'm from Canada, many of these (but not all) are for Canadians.
From highest-earning to lowest, for your convenience:
Gig Earnings
Bitcointalk.org $50,000
LocalBitcoins affiliate (non-ref) $10,000
Reddit posting $5,000
HealthyWage personal challenge (non-ref) $3,400 (profit)
Dietbet $200/month
Slickdeals.net posting $2,000
Selling hoverboards $2,000
Bank signup bonus $300
Coinbase Earn (non-ref) $150
HealthyWage individual challenges (non-ref) $50/month
Selling LocalBitcoins trading guide $100
UberEats/DoorDash restaurant $100
Fiverr $100
Selling email list that I scraped $100
Black Friday meal kit deal $100
Craigslist study $75
Blockchain.com airdrop $65
Growing hydroponic lettuce at home $15/month
Tangerine bank (use Orange Key: 59103835S1 to get $50) $50
Crypto.com (non-ref) signup bonus $50
Coinberry (non-ref) signup bonus $30
Honeygain (non-ref) $20
Rakuten cash back Canada, USA (non-ref) $10
Amazon affiliate $10
Instead of telling the whole story of each method, and since you care most about the highest-earning opportunities, let's discuss those and if anyone has questions about something not mentioned in this post - don't hesitate to ask, I'm happy to explain.

Bitcointalk

This is by far my biggest earner. Basically, back in mid 2017, I realized that the crypto market was starting another bull run. I had previously learned that it was possible to make money advertising for companies by adding their custom signature to my account profile so that each post contains links to their website/products underneath it. They paid a lot more back then, because Bitcoin was only valued at around $700-1,000 when I started.
This forum also doesn't care about having multiple accounts - in fact, it's fully allowed. Some people have hundreds of accounts. Therefore, I quickly searched the web for people selling their accounts... and bought a bunch of decently-ranked ones such that I was able to post full-time essentially, making up to $5/post which only takes a minute or two. The best campaign I joined is one called DeepOnion, which paid almost $30,000 in about 1 month!!! All I had to do is make 10 posts a week per account, and they deposited their coin to my wallet. After it was added to an exchange, the price quickly rose and one night my portfolio value went from $3,000 to over $20,000. I sold literally at the peak! I also made money from Bitcoin paying campaigns (they pay in BTC as opposed to their token/coin). Another big score was a campaign called ATLANT, where I made well over $20,000 ...however, didn't sell my tokens and now they are worth a fraction of that. Oh well.
With the above said, I don't recommend doing this anymore, as the forum is filled with 3rd world spammers who realized that it was possible to make big money a couple of years ago, and now they have bots spamming constantly and applying to campaigns and such. I haven't posted there in a long time, probably over 6 months, because it wasn't worth it anymore. It was great while it lasted.

LocalBitcoins (non-ref)

Notice how most of my earning comes from crypto? :p
Well, I found a high-ranking Reddit post about Bitcoin that was ranked in the top 3 on Google for multiple good long-string keywords. In other words, many people (I'm talking hundreds) were finding it on a daily basis. I got my comment to the top spot, which includes an affiliate link and so over 5,000 people ended up signing up and I made a lot from it. My estimate is about $10,000 USD equivalent (pays in BTC daily), although could be more.

Reddit Posting

This is the same deal as Slickdeals, as explained below. However, after SD banned my accounts, since I had a high-karma Reddit account, I realized that my clients might be interested in advertising in "deals" subreddits (mostly Amazon, although it varied). Sure enough, they were and I got paid up to $300 for a single post in popular subreddits.

HealthyWage (non-ref)

This is an app that pays you to lose weight. There are a few different types of challenges, including personal, individual and team challenges. The personal challenge is the one I am currently focusing on, as I bet $125/mo over 12 months ($1500), and if successful, stand to win $4,900 or $3,400 profit. I started at 360 pounds, and must weigh out at 180 pounds or less after 1 year to win. (I know, it's lots of weight to lose, but there is tons of money at stake.)
If you join using my referral link, you get $40 added to your prize and I also get $40. By the way, most people who join make a mistake of betting too much or too little. For example, you might get the same winnings by betting $100/month or $500/month, because the algorithm caps out at a certain amount. With that said, use this calculator to get the exact amount that you should bet to maximize your ROI (click on "Calculate a Healthy Wager"). I didn't know about this before signing up, and ended up betting more than I had to make the same amount (although only $12).

Slickdeals

I had a startup similar to Groupon, and had made a few Slickdeals accounts because of that. One day while driving, it occurs to me that people might be willing to have me post on SD using my account since the traffic is so high. Well, I drove straight to the library and posted my Skype contact on about 30 threads on Warrior forum, and that same night I was getting contacts from China and it never stopped. This was way back in 2015, and I had 3 accounts and made $20 per post. I was doing about 1 post/day and sometimes getting $5 to do upvotes as well. All-in-all, after contracting out someone on Fiverr to automate the whole thing, my accounts ended up getting banned and that was that.

Selling hoverboards

During the hoverboard craze of 2015, I made a couple of rudimentary sites and managed to sell about 12 in total, making about ~$100 profit per sale, and selling the sites for $750 and $250 respectively for about $2,000 in total profit. This is the first time I used YouTube as a marketing medium, specifically paid product placement, which you can see here. This video sold 4 boards & I sold the site for $250, and the board cost about $350, so it was a good deal in the end.
Well, that about sums up my online earning history. I'm sure there are (many) other ways I've earned a buck, but simply don't remember them all. Again, don't hesitate to ask any questions you may have and I am more than happy to answer. Thanks for reading.
Edit: it's great to see that this post is interesting to many people
My best suggestions to make fast, easy money are the following:
  • Growing Hydroponic Lettuce this is a new one to me, but I recently started growing lettuce and not only is it super enjoyable, but it's much more cost-effective than buying it from the store. Checkout this video which shows how. All that is needed is a container with some 2 or 3 inch holes, some "net cups" to hold the lettuce in, and some liquid nutrients which are available on Amazon.
  • Coinberry (non-ref) I literally signed up, verified my account and got the bonus within an hour. There is a 3 day hold to withdraw funds, but it's an easy $20 and they also give an extra $10 "customer appreciation bonus" after your first deposit, so you get $30 total.
  • HealthyWage (non-ref) If you need to lose weight anyway, then you might as well get paid while doing so. I recommend doing a minimum amount of weight-loss over 6 months, to make it easier on yourself. When you signup with my link, we both get $40.
  • Dietbet no ref link, but this is a really good earner. I make about $200/month with it by playing in 9 games simultaneously.
  • Honeygain (non-ref) this one is entirely passive, and I highly recommend it. Simply download the app and you make money for browsing online, without doing anything else. I make about $50/year with just my phone. When you signup with my link, we both get $5.
  • Crypto.com (non-ref) this is a legit cryptourrency site that gives you $50 when you sign up & deposit $250. I know it's legit, because I just signed up a few days ago and already got my bonus. Simply buy their crypto in the app with your credit card & stake it for 6 months, and they give you $50.
submitted by Separate-Time to WorkOnline [link] [comments]

How to Make $$ of Bitcoin Halving

Last time I threw somethin up here ya ghosted. I ain't gon trip but hope this wake some ya up.
Bitcoin, however you feel about it (I say imperfect but better than fiat) is halving. If you don't have a coinbase or tzero wallet you can still get a bag.
Robinhood Bitcoin Stocks:
RIOT -
Riot blockchain owns the largest Bitcoin mining farm in North America, facilities in Oklahoma and Upstate NY. They acquired the facility in NY last month as well as bought new gear to keep up with competition as Bitcoin miner rewards half. They are well positioned moving forward to be one of the farms that continue producing Bitcoin.
MOGO -
Canadian financial services firm that allows customers to buy Bitcoin through their app. They have a solid customer base they help with financial wellbeing through tracking debt/spending.
OSTK -
No longer a pennystock but I know some of ya can up ya g. Before CEO Pat Byrnes flamed out he funneled his companies resources into bitcoin/blockchain technology. Tzero is owned by overstock and they are in the process of being approved to not only exchange crypto but regular stocks as well.
OTC stocks (ToS got em)
Grayscale Investments
GBTC, GDLC etc -
Heavy with instutional backing. It's a Bitcoin trust, they own a ethereum trust if that's your thing and then digital cap fund.
Still iffy? Look up Paul Tudor Jones since billionaires are smarter than the rest of the population combined.
I would post sources but ya Google/Yahoo Finance/Reddit/Pocket work the same.
Disclaimer: I am long and own multiple positions on these stocks.
Lastly, I expect Bitcoin to dip sometime over the next week due to coin laundering (deadass, not gonna speak further on it rn). Just a heads up
Edit: Riot operates at the largest Bitcoin mine in a partnership with Coinmint.
submitted by DreOJamrock to RobinHoodPennyStocks [link] [comments]

[WTS] Walkers, Peace Dollars, 90% Quarters & WTT ASEs TRADE TRADE INSIDE!

NEW ITEMS!!! NEW SALE!!
El proof!
Hola Amigos! Feliz cinco de mayo!
To celebrate, lets drink buy some gold and silver tequila coins.
When I drink tequila, I prefer something even better than just regular gold... I drink Reposado (rested). The aging process changes & refines the color & taste of the tequila. That made me think of AGEs & Krugers... aged, colorful, & tasty! mmmmmmm
On the other hand, some tequila drinkers prefer silver. Silver tequila is not aged at all, it's bottled the same year it was produced, and this year is 2020. For you, I have the following 2020 premium silver tequila coins, so you may always remember 5 de mayo 2020, no matter how much you drink today.
Reposado Gold tequila Coins
2020 Silver tequila coins
Thanks for looking & check out my other two BIG threads:
Payment: Bitcoin or Crypto get priority! (include "Paying Crypto" in PM title to move to the front of the line). Else I'll accept Venmo, CashApp, or PayPalFF NO COMMENTS!
Shipping is $5 for under 5oz, else $8
OLD THREAD HERE..... OLD THREAD HERE!!! OLD THREAD HERE..... OLD THREAD HERE!!! OLD THREAD HERE..... OLD THREAD HERE!!! OLD THREAD HERE..... OLD THREAD HERE!!! OLD THREAD HERE..... OLD THREAD HERE!!! OLD THREAD HERE..... OLD THREAD HERE!!! OLD THREAD HERE..... OLD THREAD HERE!!!
PROOF!
Hi, I have A LOT more items for sale & trade: The rest of my HUGE sale is here.
FOR TRADE. Trade Proof
COMPLETE! THANK YOU!! I want to propose an ASE for ASE trade to fill out my missing dates. If yours is a key date, I'm ok in paying extra. All of my ASEs are in perfect, pristine condition, have been in their tube their whole lives. We would exchange pictures of the actual coins we will send and then do the trade so everyone is happy, and everyone pays for their own shipping.
to make the trade worth your time, I’ll include a clad Ike dollar to every trade of two or more coins :)
I have these dates to give: 2009, 2011, 2012, 2013, 2016
I need any date NOT in this list:
I also have still sealed 2020 Philharmonics I could trade for ASE, Libertads, other year Phils, or modern Maples. If you'd like to trade one of my ASE for some of these other coins, hit me up too.
FOR SALE Also selling the following:
Constitutional Silver
For items where it's not included, shipping is $5 tracked for <5oz or $8 USPS Priority for >5oz
PAYMENT: Bitcoin/Crypto is preferred and given priority (mention paying BTC in title of PM to move to the front of the line). Else Venmo, CashApp, PayPal FF NO COMMENTS are also accepted.
submitted by ShadyApp to Pmsforsale [link] [comments]

Resource For Agreed Upon Information

This is going to be a very long post, I’m not expecting to get a lot of replies. I just hope I can find a few people that are bored/helpful enough to give this the time of day. I don’t expect one person to answer all of these questions, but I hope a few people can answer a couple each.
There are so many conflicting opinions out there in the Wild West of Crypto, that it’s very difficult for new players to jump in and feel comfortable with the information they’re provided. I’ve been grinding nonstop for the passed week, trying to find out who to trust, and the answer hasn’t come clear to me. I’m hoping I can get this community’s s opinion on what is trustworthy information.
The first portion will be about finding resources. The theme here will be to discover which resource of the thousands out there has been deemed trustworthy by this community. I’m willing to put in the work to educate myself, I just need to find out who the reliable teachers are.
Which resource do you use to talk to people and ask questions in real time? Reddit is great for slower discussions like this, but I’d love to be able to meet people that are just as excited as I am in another community that has meaningful discussion. Discord servers, Facebook group chats, whatsapp, anything like that. I’ve checked out the Reddit live chat, but all I’ve seen are people freaking out about price fluctuations.
Which resources do you use to study TA? Anything that teaches what the indicators are, and how they present themselves. I’m not looking to become an expert, but I want to understand the terminology, and why people react to TA.
Which resource do you most commonly reference to update yourself on market cap, price, volume, projection and other technical indicators?
Which resources do you utilize for automation? Such as alerts, notifications, newsletters, and subscriptions.
This is a big one, which resources do you use for exchange? I’m Canadian, so I’m curious about CAD to crypto, but anything that is reliable will do. I’m also curious about people’s opinions on crypto to crypto exchanges, futures, exchanges, and which exchange to go to for KYC avoidance.
Which resources do you trust to store crypto?Either cold, hot, or mobile.
Which resources do you reference to acquire cutting edge information about security. Such as personal security with encryption, key jammers, wallets, safes, phishing protection, and so on. As well as what is being done in the crypto sphere to prevent hacks, and to learn about legislation that is being implemented.
Which websites do you reference for your news source? Resources I’ve used are: Investopedia, Cointelegraph, Medium. I’m looking for more that I can trust, and to see how trustworthy you feel these that I’ve mentioned are.
Which YouTube channels are you subscribed to? These are the people I’ve listened to: Crypto Casey, Anthony Pompliano, Digital Asset News, Chico Crypto, Crypto Jebb, aantonop, Erik Voorhees. Are there any among this list that should be ignored?
This next portion will be about terms that I’ve had difficulty understanding. I’ve read up about these, but I feel like my knowledge is lacking severely. I’ll offer the definition that I’ve gathered, but I’m assuming that I’ll be missing a lot of details. Hopefully you guys can help me out with that, and offer a more well rounded answer.
stable coins: cryptocurrencies that attempt to be less volatile.
alt coins: cryptocurrencies that offer solutions to bitcoins problems.
soft forks: a deviation in the blockchain that allows for an update.
hard forks: a deviation in the blockchain that does not allow for an update.
bear markets: when there’s a long downtrend
bull markets: when there’s a long uptrend
rally: when people are excited and investing
resistance: a price point that has taken a very long time to breach, and is considered a milestone when it’s broken.
support: when people are investing more than selling.
breakin: a large volume increase
breakout: a large volume decrease
derivatives: term that encompasses options/futures contracts.
futures: contract that closes a purchase/sell in the future at an agreed upon price.
open interest: the amount of futures contracts that have yet to be closed.
hedge fund: a large investor that primarily deals in futures.
Stop sell order: automation that tells the trader to start buying rather than selling?
I realize this is just the beginning, and there are so many other terms I need to learn. These are just terms that I wasn’t aware of prior to researching crypto. I’m hoping that the resources you’ve provided will be enough to get me to a level of understanding to feel comfortable investing.
A huge thanks to everyone that takes the time to read this and respond.
submitted by Drakereinz to BitcoinBeginners [link] [comments]

[EVENT] Where My Money At?

Politics

 
"Your party was beaten, your challenger's party now controls the Assembly, and hence the Assembly-Interior Ministry Committee, and further hence the Subdepartment of Elections, so you have been beaten. You shall shortly be sent home in disgrace. Unless."
"I know what I must do, sir! I will immediately become a YCP delegate and vote yes for-"
"NO! Tze-Yingtai will vote yes but Tze-Yingtai will remain a Progressive until after he does so."
"Why wait to switch? I'm happy to switch."
"We want to show the motions have bipartisan support, you idiot. Early in the next Assembly session, when I tell you to do so, you will switch parties. Now congratulations on your victory, and get out."
-Chen Qitian, a leading figure of the Young China Party, and a recently-defeated member of the Chinese Progressive Party in a private meeting.
Riding on a wave of public sympathy after the publication of “Concerning the Consequences of the Present Agricultural System Within China”, the NCERA-YCP coalition were able to pressure moderate members of the ZP-PP opposition to gain enough votes to force through enact and also form a public symbol that land reform is a bipartisan effort, disillusioning many hopeful landlords of the prospect that the legislative opposition can act as a cohesive entity to maintain the current status quo in terms of agriculture. Though some members of the Progressive Party (many of them former participants within the Peifu administration formerly part of the now-defunct Harmony Association) have reported allegations of intimidation by the Young China Party, citing that after some backroom meetings that they cannot ascertain what was discussed, PP members crossed the floor in regards to the land reform when they had previously been staunch opponents, the Gendarmerie has been quite lax in its investigation of such reports. Following the initial debate around the issue of clarifying whether the National Assembly has such powers (which was settled after the National Assembly voted to declare all land to be held in the common trust, ownership, and benefit of the people making that the central Qing government such had the powers to regulate, manage, and otherwise involve itself in matters of land policy and working conditions in the countryside), the NCERA has since established a framework that a radical reform programme has been developing with great momentum.

Civil Reform

 
The first part of expanding governmental protections for peasants was, first, a simple nonbinding resolution condemning any forms of abuse from landlord to peasants, who are all equal subjects of the Empire, and endorses the reinforcement of central law in these regions, as opposed to the status quo of permitting landlords to continue harmful practices outside the government's vision. Though under Qing common law, such abuses are already illegal, they are allowed to continue because there has been little recent interference on such practices by the Imperial Gendarmerie, and as such landlords think that they can act with impunity as they think themselves as insulated from lawful prosecution. Though such a resolution does little more than to express the collective opinion of the National Assembly, it nevertheless serves a considerable role in demonstrating a shift in government policy. Following this, the National Assembly also introduced an inter-ministerial Office for Agricultural Reviewal, operated jointly by the Ministries of the Interior and Agriculture by which peasants can report abuses and petition for a governmental investigation for violations of Qing law, which shall be conducted primarily by the Gendarmerie, as opposed to regional security forces. Moreover, new guidelines for Qing officials who collect agricultural information (primarily for census and information to be presented to the National Assembly) have been drafted to also include the accounts of local peasants rather than simply only the landlords speaking for them.
Already, reports are coming in stating that the agricultural system's previous state has been significantly misreported, and several inaccuracies are surfacing, which has been used by the ruling NCERA-YCP coalition to address any charges that the reforms envisioned by the government are unneeded. Bribery of Qing officials has been also seen as a prevalent (though hard-to-rid) issue within agricultural relations, and the Anti-Corruption Bureau of the Interior Ministry, headed by Feng Youlan, has been tasked with eliminating any larger instances of corruption that may impede on the reforms' effectiveness.

The Chinese Land Reform

 
Pursuant to their electoral promises, and acting at such an opportune time, the NCERA-led administration has enacted a set of agricultural laws collectively grouped under the General Land Reform Programme. Attacking what they call the private fiefdoms of another nobility, the NCERA has enjoyed a large degree of support from the peasantry, though conservative elements within the government have been viewing such a reversal of government policy as an example of the NCERA's "crypto-syndicalism".
According to recent statistics, an unnecessarily large amount of land goes fallow (even in consideration of soil replenishment) due to the landlords hold of non-leased land, that is usually kept closed until new tenants arrive. In order to remedy this, a maximum of one-fourth the land under a landlord’s possession may be kept fallow without penalty (unless they can prove to the Ministry of Agriculture of any circumstances that necessitate keeping it fallow such as soil depletion), with any further land being incurring a punitive 62% tax on any exported agricultural goods and rents coming from productive land, giving the landlords a heavy incentive to keep lands worked and peasants employed.
In addition, a land redistribution programme has also been enacted, following Georgist single-tax principles and seeking to set governmental intervention in economic rent, that seeks to massively benefit the peasants by forcing landlords to surrender considerable amounts of land to peasants and mandate favourable terms for land prices for those with less land as opposed to those with more land (to put it simply: peasants get economic privileges when it comes to purchasing land, as ownership of land now incurs taxes based in proportionate volume). Furthermore, the current rent system, where landlords and the gentry can set their own rent rates (sometimes reaching near-impossible numbers to realistically satisfy) on both harvests and cash earned from peasants, a new policy has been enacted with the cooperation with the Ministries of Finance and Ministry of Agriculture spearheading it that , firstly, enables agricultural harvest to be considered as government-collected tax (giving peasants the ability to pay newly-raised taxes in the form of agricultural products as opposed to cash, making the system relatively easier and less painful when the taxman comes) as well as having agriculture product and cash be translated into a singular metric of “value”, by which a government agency can better regulate landlord taxes. For instance, if a landlord operates solely from rent derived from his tenant’s agricultural product, then a limit shall be set at 37.5%. Similarly, if a landlord operates solely from rent set at a cash rate, then a hard cap shall be set on how much a landlord can pry out of a single tenant. That way, even if the landlord uses some combination of both, both will be considered as having value for governmental purposes, and as such peasants can better enjoy the fruits of their own labour.

Founding the Agricultural Bank of China

 
One of the main reasons that the Fengtian government enjoys so much economic prosperity is that because of its pre-established industrial base and its ownership of the former Legations Cities, it also enjoys a very high degree of foreign investment, especially from Japan, while the Qing subsequently experiences a dearth of investment. The status quo for drawing private funding for investments into the economy of giving Western companies (especially Sino-German enterprises and companies) special privileges has been reviewed, and been since seen as unsustainable, especially if in a state of war. Since the Qing government can’t do much in the ways of attracting foreign investments, aside from trying to compete with Fengtian for foreign capital in its internal infrastructure projects, the new economic policy that has been enacted seeks to reform the domestic economy in a way so that the structure reorient itself to enable internal market elements towards the singular goal of reinvigoration of growth by coordinating the energies and resources of internal forces. To this extent, the government has sponsored the creation of the Agricultural Bank of China (informally referred to as AgBank) to be stationed in Beijing (and to be later re-located to Wuchang once the Zhili War has been settled) which shall enjoy special privileges in exchange for providing the Empire’s peoples with certain services. For instance, any material goods bought on credit by the Agricultural Bank of China shall be relatively free from any excise taxes that would normally be collected, in exchange for the Agricultural Bank of China offering any who approach a loan to pay for such material goods easy access. Operating under the reserve-fractional lending system commonly employed by American banks (with its notable benefits in being able to act as a monetary pump that is not pegged to any larger economic activity, while also ensuring economic growth even if the silver-backed Qing currency begins to lose value), the Agricultural Bank of China shall act as creditor to domestic enterprises, and enable purchases on credit on (hopefully) a national scale. Furthermore, AgBank is expected to establish a clear line of credit to well-off peasants, enabling them to purchase equipment for agricultural mechanization in installments set by the bank. The credit system in particular (akin to pre-Weltkrieg British mortgage system in terms of housing) is structured to help circulate much-needed capital from spender-to-seller and be infused to business ventures while monetary resources are no longer locked to back up physical goods.
The Agricultural Bank of China is to be established as a private entity within the territories of the Empire, with the Imperial Qing Government as majority shareholder (with economic decisions from the government in regards to management of the Agricultural Bank of China being done to the discretion of the Ministry of Finance unless otherwise defined by the National Assembly in any future circumstance), that has also been granted a specially-issued government charter by which it is to act under. Moreover, the AgBank is also permitted the autonomy to establish holding companies in its name, as well as establish subsidiary branches, unless directed not to under the bank’s board of directors. Every six months, the AgBank is to submit a report to its shareholders concerning its larger operations, and follow the directives of its board of directors that are decided through a majority vote (which is granted in numbers of relative shares any singular holder retains). Chang Kia-ngau is to be the first Bank President for the Agricultural Bank of China, and shares are currently being sold to private individuals in order to build up monetary reserves to begin both fractional-reserve lending operations and domestic investments. The Agricultural Bank has also begun to issue loans secured by applicants’ property, so that any larger issues such as low crop yields or damages incurred may not become a serious hindrance in domestic growth, while also ensuring collective bailouts for any that suffer such damages (with a small fraction being directed towards the bank) through insuring personal holdings (giving internal stability in terms of regular economic boom or decline). As such, assets (such as cattle, agricultural tools, or land) can be acquired without tremendous risks involved. The Agricultural Bank of China is expected to enjoy the de facto status of the Empire’s lender of last resort in order to provide liquidity within the internal market so that goods (especially for peasants and agricultural products) can retain a larger part of their value as opposed to the former system of producers being forced to sell at a loss in order to mitigate economic damages.

Sharing the Wealth (No We’re Not Longists)

 
Given the considerable success of Fengtian’s “String of Pearls” plan in developing the former Legations Cities (even if Western-built infrastructure within the region assisted in a substantial capacity), current Qing economists have come to the view that the economic benefits of a centralized banking system should be spread out as far as possible to increase the prospective volume of the bank itself: the larger the bank’s reach is, the more successful it is set to be. To this end, one of the first actions the AgBank’s board of directors have done is to direct the Bank’s efforts to the South (with a main goal of establishing a subsidiary company or branch office in Guangdong). Should the Presidency and the Chairmanship of the Kuomintang Government agree, then any branch offices or subsidiary companies shall operate under the centralized apparatus of the main Agricultural Bank of China, but will abide by any set regulations enacted by the Kuomintang Government (with the exception to nationalization of any assets in ownership by the Agricultural Bank of China within Kuomintang-controlled territory, at least until a point where the AgBank has matured to a point where it can survive a major nationalization). Moreover, it is requested that the Kuomintang undergo a similar land reform as currently underway within the Qing to better streamline operations for easy investment between private individuals involved with the AgBank. The peasants in Kuomintang territory will enjoy similar increases in available capital (though not to the extent as it would if the KMT were to perform coordinated cooperation with Qing authorities) and nascent resource extraction operations will be able to receive AgBank loans.

Experimenting with Reserve Currency

 
In order to also assist with establishing the Agricultural Bank of China, and keeping it afloat even in the event of war, Qing economic hardship, poor harvests, or other events that may affect economic stability, the Agricultural Bank of China has sent a request to the Qing Foreign Ministry to establish a reserve currency. An experimental idea, the notion of a reserve currency for the Agricultural Bank involves setting controlled intra-monetary exchange rates with foreign currency in accordance to both domestic and international market fluctuations to ensure that the bank doesn’t suffer too traumatically from any pullout of capital from domestic investors. As such, the Foreign Ministry has requested both the Russian State and New England to enable the Qing government to set an official exchange rate to guarantee some value of Qing currency to prop up the AgBank with ease by ensuring private confidence. Though Germany was considered as a candidate, especially considering the presence of Sino-German business ties within the Qing government, the current conflict between Japan and Germany has decreased the Chinese consumer’s confidence in the Papiermark’s value, and as such the AgBank has declined to store Papiermarks as part of its stored reserve currency. After consideration of the Dominion of Canada’s internal economic efforts, it has been surmised that, although the Canadian economy has a good potential for growth and would form a strong basis for reserve currency, there would not be enough Canadian dollars in foreign circulation outside the Atlantic area to effectively maintain storage in China. Since the rupee is shared between the Dominion of India and the Princely Federation, such currency has been deemed too unstable for use while the AgBank is being established. As such, the candidates for use in the reserve currency are the ruble and New England dollar. The current Yuan-to-Ruble and Yuan-to-New England Dollar rates, as set by market estimates, shall be used as a basis for the reserve currency. If New England and the Russian State agree to the proposal, then an emergency stockpile of rubles and New England dollars shall be maintained within the AgBank’s holdings, and make the current valuation rate a metric for foreign trade, thus ensuring (in theory) the value of the bank’s Yuan in any and all investments so long as the foreign currency reserves aren’t depleted (which is unlikely to happen unless in the worst of economic depressions).
submitted by The_NKVD to WeltkriegPowers [link] [comments]

Survey Responses Are IN!

I want to thank everyone who replied to our survey! Your feedback is extremely valuable!


Here are the results and how they're helping shape our direction.


What goals would you like to see us accomplish? What's most important to you in how this Quadriga situation ends?

This was an open-ended question and the answers varied widely (and there was definitely a lot of responses which mentioned multiple goals). Here's a summary:
The justice theme has been entirely overlooked by what we're doing. Discussing the idea on the Quadriga Uncovered Telegram group, it was determined that there was definite interest in a potential letter-writing initiative. One possibility would be sending letters to the RCMP to request the exhumation.


Is there any part of our initiative which confuses you?

Almost universally, there was no mention of any confusion.
The feedback we did receive:
Please feel free to reach out on Telegram and Reddit if there are any further questions!


Is it more important to you that we focus on (a) helping victims of Quadriga recover, (b) educating more people about Quadriga and other exchange fraud, or (c) preventing future exchange fraud events like Quadriga?

Of the first or only choice picked, 70% chose (a) helping victims of Quadriga recover, while 30% chose (c) preventing future exchange fraud events like Quadriga.
(a) was mentioned in 80% of cases, and top choice in 70%.
(b) was a second choice in 30% of cases and mentioned in 35%.
(c) was mentioned in 65% of responses and top choice in 30%.
The educational portion of our initiative was seen as the lowest value. We are floating the idea of replacing the Education goal with a separate Justice goal, which is composed of letter-writing and other advocacy to help speed up any potential criminal investigations.


What bothers you most about Canadian cryptocurrency exchanges?

The responses varied widely. Here's a selection:
There is clearly a lack of satisfaction.


Should preventing events like Quadriga focus more on regulatory reform (working with regulators) or trying to create change through setting the example on one exchange and go from there (similar to how "Tesla" has electrified vehicles)?

Overall summary:
Pressing forward on both fronts appears to make the most sense.


Would you rather have the recovery run inside of a for-profit exchange (sort of a marketing/promotion idea to push people onto a safer exchange) or as an independent group of affected users pushing for our own interests (working with the safer exchange and other businesses potentially similar to a labour union or political advocacy)?

The end result:
We will be working to run this independently, however working closely with our partner exchange as a joint project (and it is definitely a promotional tool for them).


If given the choice, would you prefer (a) $20 cash each year for 10 years (slower recovery with full choice), or (b) your choice of $200 worth of discounts on products/services that are donated by small businesses which you could use this year (faster recovery with less choices)?

60% indicated a preference for (b), and 40% had the preference for (a). There is clear interest in focusing on both, which will push the fastest and most flexible recovery.


Affected users have a liquidation option which allows non-victims to purchase their tokens on the exchange. How do you feel about charging non-victims a small fee (5 cents per token) that is split between funding the project and a pool for affected user payout?

50% expressed outright support for the idea. Below are more detailed responses and comments:
At the moment this has not yet been agreed upon by the partner exchange.


Have you discussed the project with anyone else who lost funds in Quadriga? What kind of feedback are you hearing?

40% said they've discussed it. 40% have not. 20% didn't answer (or it was hard to understand). Some of the responses:


Many affected users have strong privacy concerns and shame regarding what happened to them, such that they are even hesitant to share basic details. What do you feel is the best way to build trust and openness among the affected user community?

Here are some of the replies:

Notes: Percentages rounded to the nearest 5%.


Thank you very much for everyone who took the time to respond! We will continue to study your answers as we move forward!
submitted by azoundria2 to QuadrigaInitiative [link] [comments]

Do we really need a new “who to use for buying/selling” post every couple days??? MODS - pin something and take down all other posts

Not just that but the sheer negativity of this subreddit is disgusting at times - at a time when things seem like they’re getting better maybe we can take a break from the BS and just enjoy being a part of this all.
submitted by cryptocanuck1017 to BitcoinCA [link] [comments]

Resource For Agree Upon Information

This is going to be a very long post, I’m not expecting to get a lot of replies. I just hope I can find a few people that are bored/helpful enough to give this the time of day. I don’t expect one person to answer all of these questions, but I hope a few people can answer a couple each.
There are so many conflicting opinions out there in the Wild West of Crypto, that it’s very difficult for new players to jump in and feel comfortable with the information they’re provided. I’ve been grinding nonstop for the passed week, trying to find out who to trust, and the answer hasn’t come clear to me. I’m hoping I can get this community’s s opinion on what is trustworthy information.
The first portion will be about finding resources. The theme here will be to discover which resource of the thousands out there has been deemed trustworthy by this community. I’m willing to put in the work to educate myself, I just need to find out who the reliable teachers are.
Which resource do you use to talk to people and ask questions in real time? Reddit is great for slower discussions like this, but I’d love to be able to meet people that are just as excited as I am in another community that has meaningful discussion. Discord servers, Facebook group chats, whatsapp, anything like that. I’ve checked out the Reddit live chat, but all I’ve seen are people freaking out about price fluctuations.
Which resources do you use to study TA? Anything that teaches what the indicators are, and how they present themselves. I’m not looking to become an expert, but I want to understand the terminology, and why people react to TA.
Which resource do you most commonly reference to update yourself on market cap, price, volume, projection and other technical indicators?
Which resources do you utilize for automation? Such as alerts, notifications, newsletters, and subscriptions.
This is a big one, which resources do you use for exchange? I’m Canadian, so I’m curious about CAD to crypto, but anything that is reliable will do. I’m also curious about people’s opinions on crypto to crypto exchanges, futures, exchanges, and which exchange to go to for KYC avoidance.
Which resources do you trust to store crypto?Either cold, hot, or mobile.
Which resources do you reference to acquire cutting edge information about security. Such as personal security with encryption, key jammers, wallets, safes, phishing protection, and so on. As well as what is being done in the crypto sphere to prevent hacks, and to learn about legislation that is being implemented.
Which websites do you reference for your news source? Resources I’ve used are: Investopedia, Cointelegraph, Medium. I’m looking for more that I can trust, and to see how trustworthy you feel these that I’ve mentioned are.
Which YouTube channels are you subscribed to? These are the people I’ve listened to: Crypto Casey, Anthony Pompliano, Digital Asset News, Chico Crypto, Crypto Jebb, aantonop, Erik Voorhees. Are there any among this list that should be ignored?
This next portion will be about terms that I’ve had difficulty understanding. I’ve read up about these, but I feel like my knowledge is lacking severely. I’ll offer the definition that I’ve gathered, but I’m assuming that I’ll be missing a lot of details. Hopefully you guys can help me out with that, and offer a more well rounded answer.
stable coins: cryptocurrencies that attempt to be less volatile.
alt coins: cryptocurrencies that offer solutions to bitcoins problems.
soft forks: a deviation in the blockchain that allows for an update.
hard forks: a deviation in the blockchain that does not allow for an update.
bear markets: when there’s a long downtrend
bull markets: when there’s a long uptrend
rally: when people are excited and investing
resistance: a price point that has taken a very long time to breach, and is considered a milestone when it’s broken.
support: when people are investing more than selling.
breakin: a large volume increase
breakout: a large volume decrease
derivatives: term that encompasses options/futures contracts.
futures: contract that closes a purchase/sell in the future at an agreed upon price.
open interest: the amount of futures contracts that have yet to be closed.
hedge fund: a large investor that primarily deals in futures.
Stop sell order: automation that tells the trader to start buying rather than selling?
I realize this is just the beginning, and there are so many other terms I need to learn. These are just terms that I wasn’t aware of prior to researching crypto. I’m hoping that the resources you’ve provided will be enough to get me to a level of understanding to feel comfortable investing.
A huge thanks to everyone that takes the time to read this and respond.
submitted by Drakereinz to Bitcoin [link] [comments]

06-10 08:54 - 'Recruitment for Global Cryptocurrency Survey (1 in 25 Chance to Win a Giftcard)' (self.Bitcoin) by /u/ginetrix removed from /r/Bitcoin within 959-969min

'''
Hi everyone,
I'm a PhD student at UBC ([link]1 ) and we are currently conducting a large scale online survey of both users and non-users of crypto-assets. We are working with several European and Canadian exchanges, companies, and research institutions and are looking for participants.
By filling out the survey, you are entering a raffle with a chance (1 in 25) to win a $75 CAD amazon gift card. Let me know if you have any questions.
Here is the link to our official university recruitment website: [link]2
Winners will be announced by the end of June
'''
Recruitment for Global Cryptocurrency Survey (1 in 25 Chance to Win a Giftcard)
Go1dfish undelete link
unreddit undelete link
Author: ginetrix
1: ***tte*.com/vos*_art 2: blog*.u*c.c*/cr**tosurve*/
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

Bitcoin 11 Years - Achievements, Lies, and Bullshit Claims So Far - Tooootally NOT a SCAM !!!!

That's right folks, it's that time again for the annual review of how Bitcoin is going: all of those claims, predictions, promises .... how many have turned out to be true, and how many are completely bogus ???
Please post / link this on Bitcoin (I am banned there for speaking the truth, so I cannot do it) ... because it'a way past time those poor clueless mushrooms were exposed to the truth.
Anyway, without further ado, I give you the Bitcoin's Achievements, Lies, and Bullshit Claims So Far ...
.
Bitcoin Achievements so far:
  1. It has spawned a cesspool of scams (2000+ shit coin scams, plus 100's of other scams, frauds, cons).
  2. Many 1,000's of hacks, thefts, losses.
  3. Illegal Use Cases: illegal drugs, illegal weapons, tax fraud, money laundering, sex trafficking, child pornography, hit men / murder-for-hire, ransomware, blackmail, extortion, and various other kinds of fraud and illicit activity.
  4. Legal Use Cases: Steam Games, Reddit, Expedia, Stripe, Starbucks, 1000's of merchants, cryptocurrency conferences, Ummm ????? The few merchants who "accept Bitcoin" immediately convert it into FIAT after the sale, or require you to sell your coins to BitPay or Coinbase for real money, and will then take that money. Some of the few who actually accept bitcoin haven't seen a customer who needed to pay with bitcoin for the last six months, and their cashiers no longer know how to handle that.
  5. Contributing significantly to Global Warming.
  6. Wastes vasts amounts of electricity on useless, do nothing work.
  7. Exponentially raises electricity prices when big miners move into regions where electricity was cheap.
  8. It’s the first "currency" that is not self-sustainable. It operates at a net loss, and requires continuous outside capital to replace the capital removed by miners to pay their costs. It’s literally a "black hole currency."
  9. It created a new way for people living too far from Vegas to gamble all their life savings away.
  10. Spawned "blockchain technology", a powerful technique that lets incompetent programmers who know almost nothing about databases, finance, programming, or blockchain scam millions out of gullible VC investors, banks, and governments.
  11. Increased China's foreign trade balance by a couple billion dollars per year.
  12. Helped the FBI and other law enforcement agents easily track down hundreds of drug traffickers and drug users.
  13. Wasted thousands if not millions of man-hours of government employees and legislators, in mostly fruitless attempts to understand, legitimize, and regulate the "phenomenon", and to investigate and prosecute its scams.
  14. Rekindled the hopes of anarcho-capitalists and libertarians for a global economic collapse, that would finally bring forth their Mad Max "utopia".
  15. Added another character to Unicode (no, no, not the "poo" 💩 character ... that was my first guess as well 🤣)
  16. Provides an easy way for malware and ransomware criminals to ply their trade and extort hospitals, schools, local councils, businesses, utilities, as well as the general population.
.
Correct Predictions:
  1. 2015-12: "1,000 dollar in 2015", u/Luka_Magnotta, aka time traveler from the future, 31-Aug-2013, https://www.reddit.com/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/ (Technically, this prediction is WRONG because the highest price reached in 2015 was $495.56 according to CMC. Yes, Bitcoin reached $1,000 in 2013 and 2014, but that's NOT what the prediction says).
  2. 2017-12: "10,000 in 2017", u/Luka_Magnotta, aka time traveler from the future, 31-Aug-2013, https://www.reddit.com/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/
  3. 2018-04: $10,000 (by April 2018), Mike Novogratz, link #1: https://www.bitcoinprice.com/predictions/, link #2: https://www.bloomberg.com/news/articles/2017-11-21/mike-novogratz-says-bitcoin-will-end-the-year-at-10-000
  4. 2018-12: $10,000 (by 2018), Tim Draper, link #1: https://www.bitcoinprice.com/predictions/, link #2: https://www.youtube.com/watch?v=3AW5s6QkRRY
  5. Any others ? (Please tell me).
.
Bitcoin Promises / Claims / Price Predictions that turned out to be lies and bullshit:
  1. ANONYMOUS
  2. CENSORSHIP RESISTANT
  3. FRICTIONLESS
  4. TRUSTLESS
  5. UNCENSORABLE
  6. UNTRACEABLE
  7. SAFE
  8. SECURE
  9. YOU CANNOT LOSE
  10. NOT A SCAM
  11. PERMISSIONLESS
  12. GUARANTEED PRIVACY
  13. CANNOT BE SEIZED
  14. CANNOT BE CONFISCATED
  15. Be your own bank
  16. Regulation-proof
  17. NO MIDDLEMEN
  18. DECENTRALIZED
  19. Instantaneous transactions
  20. Fast transactions
  21. Zero / No transaction fees
  22. Low transaction fees
  23. A store of value
  24. A deflationary digital asset
  25. "A deflationary digital asset that no single human being can destroy."
  26. "an asset that is equally as dual use as a car, water, or any other traditional element that has existed."
  27. "Digital gold"
  28. Easy to use
  29. Cannot be stolen
  30. Cannot be hacked
  31. Can be mined by anyone
  32. Can be mined by anyone, even with an old computer or laptop
  33. Cannot be centralized
  34. Will return power back to the people.
  35. Not a Ponzi scam
  36. Not a Pyramid scam
  37. Never pay tax again
  38. Your gains cannot be taxed
  39. A currency
  40. An amazing new class of asset
  41. An asset
  42. A means to economic freedom
  43. A store of value
  44. The best investment the word has ever seen
  45. A great investment
  46. Efficient
  47. Scalable
  48. Stable
  49. Resilient
  50. Reliable
  51. Low energy
  52. Low risk
  53. Redistribute wealth to everybody
  54. No more have's and have not's
  55. No more US and THEM
  56. No more disadvantaged people
  57. No more RICH and POOR
  58. No more poor people
  59. Uses amazing new technology
  60. Uses ingenious new technology
  61. Satishi Nakamoto invented ...
  62. Segwit will solve all of Bitcoin's woes
  63. Lightning Network will solve all of Bitcoin's woes
  64. Limited by scarcity
  65. Can only go up in value
  66. Price cannot crash
  67. Has intrinsic value
  68. Value will always be worth more than cost to mine
  69. Adoption by investors is increasing exponentially
  70. Adoption by investors is increasing
  71. Adoption by merchants is increasing exponentially
  72. Adoption by merchants is increasing
  73. You are secure if you keep your coins on an exchange
  74. You are secure if you keep your coins in a hardware wallet
  75. You are secure if you keep your coins in an air-gapped Linux PC
  76. Will change the world
  77. "the next phase in human evolution"
  78. "Blockchain is more encompassing than the internet"
  79. Blockchain can solve previously unsolvable problems.
  80. "The only regulation we need is the blockchain"
  81. "Bank the unbanked"
  82. "To abolish financial slavery and the state's toxic monopoly on money."
  83. "To have better tools in the fight against the state violence and taxation."
  84. "To stamp information on a blockchain forever so we can bypass state censorship, copyrights, patents(informational monopolies) etc."
  85. Will destroy / overthrow FIAT
  86. Will destroy / overthrow the world's governments
  87. Will destroy / overthrow the banking system
  88. Will destroy / overthrow the world economies
  89. Will free people from tyranny
  90. Will give people financial freedom
  91. Will bring world peace
  92. Never going below $19K again
  93. Never going below $18K again
  94. Never going below $17K again
  95. Never going below $16K again
  96. Never going below $15K again
  97. Never going below $14K again
  98. Never going below $13K again
  99. Never going below $12K again
  100. Never going below $11K again
  101. Never going below $10K again
  102. Never going below $9K again
  103. Never going below $8K again
  104. Never going below $7K again
  105. Never going below $6K again
  106. Never going below $5K again
  107. Never going below $4K again
  108. Is NOT a Scam
  109. Hashing Power secures the Bitcoin network
  110. Untraceable, private transactions
  111. Guaranteed privacy
  112. Not created out of thin air
  113. Not created out of thin air by unregulated, unbacked entities
  114. Totally NOT a scam
  115. Is not used primarily by crimonals, drug dealers, or money launderers.
  116. 100% secure
  117. 2010 will be the "Year of Crypto"
  118. 2011 will be the "Year of Crypto"
  119. 2012 will be the "Year of Crypto"
  120. 2013 will be the "Year of Crypto"
  121. 2014 will be the "Year of Crypto"
  122. 2015 will be the "Year of Crypto"
  123. 2016 will be the "Year of Crypto"
  124. 2017 will be the "Year of Crypto"
  125. 2018 will be the "Year of Crypto"
  126. 2019 will be the "Year of Crypto"
  127. 2010: MASS ADOPTION any day now"
  128. 2011: MASS ADOPTION aany day now"
  129. 2012: MASS ADOPTION aaany day now"
  130. 2013: MASS ADOPTION aaaany day now"
  131. 2014: MASS ADOPTION aaaaany day now"
  132. 2015: MASS ADOPTION aaaaaany day now"
  133. 2016: MASS ADOPTION aaaaaaany day now"
  134. 2017: MASS ADOPTION aaaaaaaany day now"
  135. 2018: MASS ADOPTION aaaaaaaaany day now"
  136. 2019: MASS ADOPTION aaaaaaaaany day now"
  137. "Financial Freedom, bro."
  138. no single entity, government or individual, can alter or reverse its transactions
  139. insurance against the tyranny of state
  140. Bitcoin has come to destroy all governments and bring about the libertarian utopia of my dreams.
  141. The major issues in Bicoin's network will be fixed. This is still early days, Bitcoin has only been around for 2+ years.
  142. The major issues in Bicoin's network will be fixed. This is still early days, Bitcoin has only been around for 5+ years.
  143. The major issues in Bicoin's network will be fixed. This is still early days, Bitcoin has only been around for 7+ years.
  144. The major issues in Bicoin's network will be fixed. This is still early days, Bitcoin has only been around for 9+ years.
  145. 1,000's of predictions of skyrocketing and/or never falling prices
  146. Escape the petty rivalries of warring powers and nation states by scattering control among the many. The Bitcoin Cash debacle proves that even the most cryptographically secure plans of mice and men often go awry. Ref: https://www.reddit.com/Buttcoin/comments/9zfhb6/like_theres_only_one_flaw_with_buttcoin_crash/ea8s11m
  147. People will NEVER be able to welch out of bets or deals again. Nov-2018, Ref: https://www.reddit.com/Buttcoin/comments/9zvpl2/the_guy_who_made_the_1000_bet_that_btc_wouldnt/
  148. "Everything will be better, faster, and cheaper.", Brock Pierce, EOS.io shill video.
  149. "Everything will be more connected.", Brock Pierce, EOS.io shill video.
  150. "Everything will be more trustworthy.", Brock Pierce, EOS.io shill video.
  151. "Everything will be more secure.", Brock Pierce, EOS.io shill video.
  152. "Everything that exists is no-longer going to exist in the way that it does today.", Brock Pierce, EOS.io shill video.
  153. "Everything in this world is about to get better.", Brock Pierce, EOS.io shill video.
  154. You are a slave to the bankers
  155. The bankers print money and then you pay for it
  156. Bitcoin is The Peoples Money
  157. Bitcoin will set you free
  158. Bitcoin will set you free from the slavery of the banks and the government Ref: https://www.reddit.com/Bitcoin/comments/cd2q94/bitcoin_shall_set_you_free/
  159. ~~Bitcoin is "striking fear into the hearts of bankers, precisely because Bitcoin eliminates the need for banks. ~~, Mark Yusko, billionaire investor and Founder of Morgan Creek Capital, https://www.bitcoinprice.com/predictions/
  160. "When transactions are verified on a Blockchain, banks become obsolete.", Mark Yusko, billionaire investor and Founder of Morgan Creek Capital, https://www.bitcoinprice.com/predictions/
  161. SnapshillBot quotes from delusional morons:
  162. "A bitcoin miner in every device and in every hand."
  163. "All the indicators are pointing to a huge year and bigger than anything we have seen before."
  164. "Bitcoin is communism and democracy working hand in hand."
  165. "Bitcoin is freedom, and we will soon be free."
  166. "Bitcoin isn't calculated risk, you're right. It's downright and painfully obvious that it will consume global finance."
  167. "Bitcoin most disruptive technology of last 500 years"
  168. "Bitcoin: So easy, your grandma can use it!"
  169. "Creating a 4th Branch of Government - Bitcoin"
  170. "Future generations will cry laughing reading all the negativity and insanity vomited by these permabears."
  171. "Future us will thank us."
  172. "Give Bitcoin two years"
  173. "HODLING is more like being a dutiful guardian of the most powerful economic force this planet has ever seen and getting to have a say about how that force is unleashed."
  174. "Cut out the middleman"
  175. "full control of your own assets"
  176. "reduction in wealth gap"
  177. "no inflation"
  178. "cannot print money out of thin air"
  179. "Why that matters? Because blockchain not only cheaper for them, it'll be cheaper for you and everyone as well."
  180. "If you are in this to get rich in Fiat then no. But if you are in this to protect your wealth once the current monetary system collapse then you are protected and you'll be the new rich."
  181. "Theres the 1% and then theres the 99%. You want to be with the rest thats fine. Being different and brave is far more rewarding. No matter your background or education."
  182. "NO COINERS will believe anything they are fed by fake news and paid media."
  183. "I know that feeling (like people looking at you as in seeing a celebrity and then asking things they don't believe until their impressed)."
  184. "I literally walk round everyday looking at other people wondering why they even bother to live if they don't have Bitcoin in their lives."
  185. "I think bitcoin may very well be the best form of money we’ve ever seen in the history of civilization."
  186. "I think Bitcoin will do for mankind what the sun did for life on earth."
  187. "I think the constant scams and illegal activities only show the viability of bitcoin."
  188. "I think we're sitting on the verge of exponential interest in the currency."
  189. "I'm not using hyperbole when I say Satoshi found the elusive key to World Peace."
  190. "If Jesus ever comes back you know he's gonna be using Bitcoin"
  191. "If this idea was implemented with The Blockchain™, it would be completely flawless! Flawless I tell you!"
  192. "If you're the minimum wage guy type, now is a great time to skip food and go full ramadan in order to buy bitcoin instead."
  193. "In a world slipping more and more into chaos and uncertainty, Bitcoin seems to me like the last solid rock defeating all the attacks."
  194. "In this moment, I am euphoric. Not because of any filthy statist's blessing, but because I am enlightened by own intelligence."
  195. "Is Bitcoin at this point, with all the potential that opens up, the most undervalued asset ever?"
  196. "It won't be long until bitcoin is an everyday household term."
  197. "It's the USD that is volatile. Bitcoin is the real neutral currency."
  198. "Just like the early Internet!"
  199. "Just like the Trojan Horse of old, Bitcoin will reveal its full power and nature"
  200. "Ladies if your man doesnt have some bitcoin then he cant handle anything and has no danger sex appeal. He isnt edgy"
  201. "let me be the first to say if you dont have bitcoin you are a pussy and cant really purchase anything worldwide. You have no global reach"
  202. "My conclusion is that I see this a a very good thing for bitcoin and for users"
  203. "No one would do such a thing; it'd be against their self interests."
  204. "Ooh lala, good job on bashing Bitcoin. How to disrespect a great innovation."
  205. "Realistically I think Bitcoin will replace the dollar in the next 10-15 years."
  206. "Seperation of money and state -> states become obsolete -> world peace."
  207. "Some striking similarities between Bitcoin and God"
  208. "THANK YOU. Better for this child to be strangled in its crib as a true weapon for crypto-anarchists than for it to be wielded by toxic individuals who distort the technology and surrender it to government and corporate powers."
  209. "The Blockchain is more encompassing than the internet and is the next phase in human evolution. To avoid its significance is complete ignorance."
  210. "The bull run should begin any day now."
  211. "The free market doesn't permit fraud and theft."
  212. "The free market will clear away the bad actors."
  213. "The only regulation we need is the blockchain."
  214. "We are not your slaves! We are free bodies who will swallow you and puke you out in disgust. Welcome to liberty land or as that genius called it: Bitcoin."
  215. "We do not need the bankers for Satoshi is our saviour!"
  216. "We have never seen something so perfect"
  217. "We must bring freedom and crypto to the masses, to the common man who does not know how to fight for himself."
  218. "We verified that against the blockchain."
  219. "we will see a Rennaisnce over the next few decades, all thanks to Bitcoin."
  220. "Well, since 2006, there has been a infinite% increase in price, so..."
  221. "What doesn't kill cryptocurrency makes it stronger."
  222. "When Bitcoin awake in normally people (real people) ... you will have this result : No War. No Tax. No QE. No Bank."
  223. "When I see news that the price of bitcoin has tanked (and thus the market, more or less) I actually, for-real, have the gut reaction "oh that’s cool, I’ll be buying cheap this week". I never knew I could be so rational."
  224. "Where is your sense of adventure? Bitcoin is the future. Set aside your fears and leave easier at the doorstep."
  225. "Yes Bitcoin will cause the greatest redistribution of wealth this planet has ever seen. FACT from the future."
  226. "You are the true Bitcoin pioneers and with your help we have imprinted Bitcoin in the Canadian conscience."
  227. "You ever try LSD? Perhaps it would help you break free from the box of state-formed thinking you have limited yourself..."
  228. "Your phone or refrigerator might be on the blockchain one day."
  229. The banks can print money whenever they way, out of thin air, so why can't crypto do the same ???
  230. Central Banks can print money whenever they way, out of thin air, without any consequences or accounting, so why can't crypto do the same ???
  231. It's impossible to hide illegal, unsavory material on the blockchain
  232. It's impossible to hide child pornography on the blockchain
  233. Fungible
  234. All Bitccoins are the same, 100% identical, one Bitcoin cannot be distinguished from any other Bitcoin.
  235. The price of Bitcoin can only go up.
  236. "Bubbles are mathematically impossible in this new paradigm. So are corrections and all else", John McAfee, 7 Dec 2017 @ 5:09 PM,https://mobile.twitter.com/officialmcafee/status/938938539282190337
  237. Scarcity
  238. The price of Bitcoin can only go up because of scarcity / 21 million coin limit. (Bitcoin is open source, anyone can create thir own copy, and there are more than 2,000+ Bitcoin copies / clones out there already).
  239. immune to government regulation
  240. "a world-changing technology"
  241. "a long-term store of value, like gold or silver"
  242. "To Complex to Be Audited."
  243. "Old Auditing rules do not apply to Blockchain."
  244. "Old Auditing rules do not apply to Cryptocurrency."
  245. "Why Bitcoin has Value: SCARCITY.", PlanB, Coin Shill, 22-Mar-2019, https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25
  246. "Bitcoin is the first scarce digital object the world has ever seen, it is scarce like silver & gold, and can be sent over the internet, radio, satellite etc.", PlanB, Coin Shill, 22-Mar-2019, https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25
  247. "Surely this digital scarcity has value.", PlanB, Coin Shill, 22-Mar-2019, https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25
  248. Bitcoin now at $16,600.00. Those of you in the old school who believe this is a bubble simply have not understood the new mathematics of the Blockchain, or you did not cared enough to try. Bubbles are mathematically impossible in this new paradigm. So are corrections and all else", John McAfee, 7 Dec 2017 @ 5:09 PM,https://mobile.twitter.com/officialmcafee/status/938938539282190337
  249. "May 2018 will be the last time we ever see $bitcoin under $10,000", Charlie Shrem, bitcoin advocate and convicted felon, 11:31 AM 3-May-2018, https://twitter.com/CharlieShrem/status/992109375555858433
  250. "Last dip ever.", AngeloBTC, 14 Oct 2018, https://mobile.twitter.com/AngeloBTC/status/1051710824388030464/photo/1
  251. "Bitcoin May Have Just Experienced its Final Shakeout Before a Big Rally", Joseph Young, coin shill, October 15, 2018 22:30 CET, https://www.ccn.com/bitcoin-may-have-just-experienced-its-final-shakeout-before-a-big-rally/
  252. Bitcoin would be a buy if the price fell under $5,000., Mohamed El-Erian, chief economic advisor at Allianz, 29-Jun-2018, https://www.ccn.com/bitcoin-a-buy-below-5000-says-allianz-chief-economic-adviso
  253. 2013-11-27: ""What is a Citadel?" you might wonder. Well, by the time Bitcoin became worth 1,000 dollar [27-Nov-2013], services began to emerge for the "Bitcoin rich" to protect themselves as well as their wealth. It started with expensive safes, then began to include bodyguards, and today, "earlies" (our term for early adapters), as well as those rich whose wealth survived the "transition" live in isolated gated cities called Citadels, where most work is automated. Most such Citadels are born out of the fortification used to protect places where Bitcoin mining machines are located. The company known as ASICminer to you is known to me as a city where Mr. Friedman rules as a king.", u/Luka_Magnotta, aka time traveler from the future, 31-Aug-2013, https://www.reddit.com/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/
  254. 2018-02: Bitcoin price to hit $27,000 by February 2018, Trace Mayer, host of the Bitcoin Knowledge Podcast, and self-proclaimed entrepreneur, investor, journalist, monetary scientist and ardent defender, Link #1: https://mobile.twitter.com/TraceMayestatus/917260836070154240/photo/1, Link #2: https://www.bitcoinprice.com/predictions/
  255. 2018-06: "Bitcoin will surpass $15,000 in June [2018]." John McAfee, May 25, 2018, https://bitcoinist.com/john-mcafee-says-bitcoin-will-surpass-15000-in-june/
  256. 2018-07: Bitcoin will be $28,000 by mid-2018, Ronnie Moas, Wall Street analyst and founder of Standpoint Research, http://helpfordream.com/2018/12/23/5-bitcoin-price-predictions-gone-wrong/.
  257. 2018-12: Bitcoin to reach a price of between 40,000 and 110,000 US dollars by the end of the 2017 bull run ... sometime before 2019, Masterluc, 26-May-2017, an anonymous "legendary" Bitcoin trader, Link #1: https://www.tradingview.com/chart/BTCUSD/YRZvdurN-The-target-of-current-bubble-lays-between-40k-and-110k/, Link #2: https://www.bitcoinprice.com/predictions/
  258. 2018-12: "There is no reason why we couldn’t see Bitcoin pushing $50,000 by December [2018]", Thomas Glucksmann, head of APAC business at Gatecoin, Link #1: https://www.bitcoinprice.com/predictions/
  259. 2018-12: Listen up you giggling cunts... who wants some?...you? you want some?...huh? Do ya? Here's the deal you fuckin Nerds - Butts are gonna be at 30 grand or more by next Christmas [2018] - If they aren't I will publicly administer an electronic dick sucking to every shill on this site and disappear forever - Until then, no more bans or shadow bans - Do we have a deal? If Butts are over 50 grand me and Lammy get to be mods. Deal? Your ole pal - "Skully" u/10GDeathBoner, 3-Feb-2018 https://www.reddit.com/Buttcoin/comments/7ut1ut/listen_up_you_giggling_cunts_who_wants_someyou/
  260. 2018-12: 1 bitcoin = 1 Lambo. Remind me on Christmas eve [2018] u/10GDeathBoner, 3-Feb-2018, https://www.reddit.com/Buttcoin/comments/7ut1ut/listen_up_you_giggling_cunts_who_wants_someyou/dtn2pna
  261. 2018-12: Been in BTC since 2014 and experienced many "deaths" of BTC... this too shall pass... $10k end of the year. [2018] u/Exxe2502, 30-Jun-2018 https://reddit.com/Bitcoin/comments/8uur27/_/e1ioi5b/?context=1
  262. 2018-12: "Yale Alumni prediction - 30 Grand by Christmas [2018] - and you my friend... you will be the one eating Mcafee's dick in 2020. :) -:", u/SirNakamoto, 15-Jun-2018, https://www.reddit.com/Buttcoin/comments/8r0tyh/fdic_agrees_to_cover_bitcoin_losses_in_event_of/e0nzxq7
  263. 2018-12: "Impossible For Bitcoin Not to Hit $10,000 by This Year (2018)", Mike Novogratz, a former Goldman Sachs Group Inc. partner, ex-hedge fund manager of the Fortress Investment Group and a longstanding advocate of cryptocurrency, 22-Sep-2018, https://www.newsbtc.com/2018/09/22/billionaire-novogratz-impossible-for-bitcoin-not-to-hit-10000-by-this-yea
  264. 2018-12: "[Bitcoin] between $13,800 and $14,800 [by end of 2018]", Fundstrat's Tom Lee, 13-Dec-2018, https://www.cnbc.com/2018/12/13/wall-streets-bitcoin-bull-tom-lee-we-are-tired-of-people-asking-us-about-target-prices.html
  265. 2018-12: "Bitcoin is going to be $15k-$20k by the end of the year (2018)", Didi Taihuttu, 1-Nov-2018, https://www.wsj.com/video/series/moving-upstream/the-bitcoin-gamble/85E3A4A7-C777-4827-9A3F-B387F2AB7654
  266. 2018-12: 2018 bitcoin price prediction reduced to $15,000 [was $25,000], Fundstrat's Tom Lee, 16-Nov-2018, https://www.cnbc.com/2018/11/16/wall-streets-crypto-bull-tom-lee-slashes-year-end-forecast-by-10000.html
  267. 2018-12: "I want to be clear, bitcoin is going to $25,000 by year end (2018)", Fundstrat's Tom Lee, 5-Jul-2018, https://www.cnbc.com/video/2018/07/05/tom-lee-i-want-to-be-clear-bitcoin-is-going-to-25000-by-year-end.html
  268. 2018-12: "Bitcoin could be at $40,000 by the end of 2018, it really easily could", Mike Novogratz, a former Goldman Sachs Group Inc. partner, ex-hedge fund manager of the Fortress Investment Group and a longstanding advocate of cryptocurrency, 21-Sep-2018, https://www.youtube.com/watch?v=6lC1anDg2KU
  269. 2018-12: "Bitcoin will be priced around $50,000 by the end of the year (2018)", Bitcoin bull Arthur Hayes, co-founder and CEO of BitMEX, 29-Jun-2018, https://www.cnbc.com/2018/06/29/bitcoin-will-reach-50000-in-2018-says-founder-of-bitcoin-exchange.html
  270. 2018-12: "Bitcoin could definitely see $50,000 in 2018", Jeet Singh, cryptocurrency portfolio manager, speaking in January 2018 at the World Economic Forum in Davos, https://www.dcforecasts.com/new-prediction-says-bitcoin-hit-50000-2018/
  271. 2018-12: "Bitcoin will hit $100,000 this year (2018)", Kay Van-Petersen, an analyst at Saxo Bank, 17-Jan-2018, https://www.cnbc.com/2018/01/16/bitcoin-headed-to-100000-in-2018-analyst-who-forecast-2017-price-move.html
  272. 2018-12: "Bitcoin price to surpass the $100,000 mark by the end of 2018", Tone Vays, 21-Sep-2017, https://www.ccn.com/prominent-bitcoin-trader-price-is-heading-towards-100000-in-2018/
  273. 2018-12: "Bitcoin’s Price Will Surpass the $100,000 Mark by the End of 2018", Anonymous ("author" obviously too embarrassed to put his name to such bullshit "articles"), Oct-2018, https://investingpr.com/bitcoin-price-predictions-for-2018/
  274. 2018-12: "Our [2018] year-end bitcoin target is $7700.", James Stefurak, Founder at Monarch Research. See article: "Experts Forecast Bitcoin will rise by 2019", REF: https://hackernoon.com/experts-forecast-bitcoin-will-rise-by-2019-f4af8807036b?gi=dfea3c30d6d8
  275. 2018-12: "... we’ll see the price rally reaching its all-time of high of around $20K before the end of 2018", Khaled Khorshid, Co-Founder at Treon ICO. See article: "Experts Forecast Bitcoin will rise by 2019", REF: https://hackernoon.com/experts-forecast-bitcoin-will-rise-by-2019-f4af8807036b?gi=dfea3c30d6d8
  276. 2018-12: Bitcoin will end 2018 at the price point of $50,000, Ran Neuner, host of CNBC’s show Cryptotrader and the 28th most influential Blockchain insider according to Richtopia,https://www.bitcoinprice.com/predictions/
  277. Plus a whole host of wrong 2019 predictions (could not be included here because of post character limit issues), so please see my earlier post from 4 days ago: Ummm, remember those "Expert" Bitcoin Price Predictions for 2019 ..... ohhhhh dear ....., https://www.reddit.com/Buttcoin/comments/eiqhq3/ummm_remember_those_expert_bitcoin_price/
.
But it's NOT all bad news, some claims and promises are yet to be determined:
  1. Never going below $3K again
  2. Never going below $2K again
  3. Never going below $1K again
  4. Any others ? Please let me know.
submitted by Crypto_To_The_Core to Buttcoin [link] [comments]

Does Canada really need another crypto trading platform?

With the scams and fund mismanagement of Quadrigacx, Einstein Crypto Exchange and EZBTC, once considered the go-to exchanges, how can Canadians trust crypto exchanges? Malcolm Gladwell, author of "Talking to Strangers", addresses that humans are bad lie detectors. The Truth Default Theory reveals that as humans, "our operating assumption is that the people we are dealing with are honest."
I am always trying to figure out what is the truth or lie on Reddit. Too many Reddit threads are riddled with customer complaints about withdrawal delays from other exchanges. Is this truth or competitors making up lies? If this is the truth, something has to change with how exchanges are managed.
Taking on the challenge to address different voices of the Crypto community is Adam Cai, CEO of a new Canadian trading platform called Virgocx.ca. Virgocx is hosting a LIVE AMA tonight Thursday, December 19th at 6:30pm EST. https://zoom.us/j/680852602
submitted by lizawitzwoo to Bitcoin [link] [comments]

Best Crypto Exchange?? Liquid Exchange Review! Plus Russian Bitcoin Adoption! How to exchange cryptocurrencies with Trezor Did CEO Of Quadriga Fake His Own Death For $180 Million? Solving the Quadriga Conspiracy #4 Buy Bitcoin in Canada How to Buy Cryptocurrency Bitbuy Coinberry Coinbase

Trezor.io (Crypto Hardware Wallet) Ledger.com (Crypto Hardware Wallet) Purse.io (up to 33% off Amazon) Bylls.com (pay off your credit card) Coincards.ca (Canadian gift cards) KW Smart Home (5% off to redditors!) Silvergoldbull.ca (Canadian bullion coins) Bitcoiniacs - Physical store in Vancouver; Coinmap Look at Canadian Bitcoins response regarding FINTRAC registration. This is the correct, honest response. They are a broker, not and exchange. Every crypto exchange claiming to be registered with FINTRAC is misleading customers. They are registered for extant FINTRAC services, but these do not currently include cryptocurrency transactions. The ATMS offer people an opportunity to exchange Bitcoin into Canadian Dollars. Royal Canadian Mint introduced the MintChip in 2012, which was a digital currency. The currency didn’t survive as a result of the demands that arose from it as regards to the expenses that the merchant shops incurred. A Canadian exchange so there’s no need to worry about international transaction fees; You can pay with a credit card, a debit card, bank transfer, Interac e-Transfer and a wire transfer and fund your account with crypto or Canadian dollars. We have listed Bitvo (www.bitvo.com) second as it is the most feature-rich platform in the Canadian landscape.Established in 2018, Bitvo is a cryptocurrency exchange that facilitates buying, selling and trading cryptocurrencies through its best-in-class website and mobile applications. Bitvo offers seven different cryptocurrencies, including Bitcoin, Ether, XRP, Bitcoin Cash, Litecoin, Dash

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Best Crypto Exchange?? Liquid Exchange Review! Plus Russian Bitcoin Adoption!

About a month ago, on January 26, QuadrigaCX (a Canadian crypto exchange with clients around the world) suspended operations. Seven weeks prior, their CEO passed away suddenly and unexpectedly ... Best Crypto Exchange Review 2019 - Duration: 8:48. Committed3d Tech 1,065 views. 8:48. Top 10 Best Online Businesses For Beginners - Duration: 18:03. Greg Gottfried Recommended for you. Clients of QuadrigaCX, Canada's largest cryptocurrency exchange, are panicking over $250 million in frozen assents after the death of the company's CEO, Gera... Bitbuy: https://anons.ca/out/bitbuy - Bitbuy is an incredibly easy to use crypto exchange to buy bitcoin and other cryptocurrencies in Canada with Interac eT... About a month ago, on January 26, QuadrigaCX (a Canadian crypto exchange with clients around the world) suspended operations. Seven weeks prior, their CEO passed away suddenly and unexpectedly ...

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