Monday, December 17, 2018

Moving Coin to Cash

The first day of winter is on Friday, the 21st of December and we're getting a small taste of it today with a mix bag of weather; flurries, rain and then a couple centimeter's of white stuff, slowly turning mild again towards the end of the week.

In the world of digital coin, crypto winter is a common term being used at this time of year. I guess it's a combination of a slow down with investors and with Bitcoin, the 'benchmark' of coins, having dropped to it's current level.

From it's low at around $1000 USD in January, 2017 to it's high, I figure the $3000 USD range is reasonable level for it to stabilize for awhile but it's an online world of thousands of buyers and sellers with market caps in the billions. What they call Bulls and Bears respectively. So, obviously, an individual even with what they call a Whale with a few million involved, has no control of future value swings and has to adjust accordingly.

Of course with investors it's about gains and money. With a lot of new people entering this market and some folks who have been involved for a long time, it's about is how to turn a coin you can't touch or feel to money in the hand with convenience and at the lowest fees possible.

For US residents, Coinbase makes that easy with funding and withdrawing to US Banks. Now, US members can also 'withdraw' funds via PayPal with no fee.



Outside of the US, members can use credit/debit cards. Personally, I don't use credit/debit unless it's online shopping or for flights, etc. Coinbase updated; international withdrawals with Paypal is coming in 2019. That would be convenient for me here in Canada if and when that option becomes a reality.

Currently, I bring in Bitcoin to Coinbase from my online ventures and like my other 'Wallet' with Blockchain.info, I use a Canadian based payment processor to move my Bitcoin to cash and on to my bank.

Closing for today, I rarely turn down an opportunity to receive free coin or what they call an, 'airdrop', so I followed the prompts with Blockchain.info and I received $25 worth of Stellar a couple days ago where I was in the queue. With a current increase in price as of now, I own more than the original $25 worth and can exchange it to Bitcoin as an option on Blockchain.info for a current gain if I wish.

Stellar's stats and current value you can see here



Thursday, December 13, 2018

Cold Spurts

With Christmas less than two weeks away, we remain 'green' here in the Halifax Regional Municipality with off and on cold spurts.

Overall, the stock markets are staying cold with some exceptions I have been watching. More on the rise in awareness over the last year is not just about the lower fees being offered out there but also 'Short Sellers'. When some outfits that 'branded' themselves as sort of investigators of highly invested companies with thousands of followers, they can make a quick buck or even a fortune when a stock plunges on their word.

They could recommend 'sell' anticipating a drop in the value of a stock at a moment's notice or after lengthy research when they conclude something is not kosher even after a company responds and provides details they are wrong.

In the end, it can be devastating for individual investors not aware of a planned surge of 'short selling' driving down the price, which could end up to be a permanent loss or temporary with an eventual stock rebound after a 'Branded' short seller's recommendations are in error or a company has made positive steps to correct any issues.

This has been going on for decades and many an investor is calling on the Government's to do something about the art of short selling that's not always based on fact and outright cons at times. However, no action has been taken to date. Occasionally, short sellers with some influence do end up in trouble with the law by disregarding the rules. One example is the illegal use of 'insider' information and gaining or profiting from it.

So, even with due diligence and all the normal fluctuations in a stock price that comes with it, 'short sellers' are out there waiting to pounce by actually gaining when a stock price drops off the cliff. You can Google 'short sellers' to find out more.



Jumping over to the crypto markets at near mid December, Bitcoin has been holding above the $3000 USD mark for a few days now, which is good as gains come into my crypto wallet. Bad of course if BTC does continue to drop to 3 grand or lower where it's highly unpredictable. The overall ugly part of it all is not knowing when Bitcoin will eventually bottom out and remain within a range for a few months or even climb slowly.

That prompted a lot of former HODL'ers to abandon that plan and sell recently to a tune of billions of dollars worth.

It's always about adjusting with the times and trends. Part strategy planning/gathering information and part ... luck.


Saturday, December 1, 2018

Optimistic about December

November was quite a rock and sock em' month for both the stock and crypto markets. The month did end up on a positive note as both Markets recovered some. Being an optimist, every investor would like to see that slow rebound continue in December or at the least, stay somewhat even to today's results.

In the last week of November, Bitcoin bottomed out for now and climbed some, bouncing around at the $4000 USD level. The majority of ventures to make a 'coin' with online have moved to Bitcoin the last couple of years so it's about adjusting like always where it's useless to dwell on past performance although history makes for good reference.

I'd much prefer a Stable Coin be added into the mix in the future where it's 1 coin to 1 USD dollar, for example with blockchain transactions keeping fees ultra low compared to other payment processor fees.

No worries then about looking at a crypto wallet and see the value drop dramatically because Bitcoin lost over 2 grand in value in a day or two. What! My fav morning coffee brew lost it's taste that morning. That's the game. Adjust and move on.

It's always been about trends and they change or repeat as history has shown.

Stock Market tends to be on a 10 year cycle between major drops, the last one being in 2008, with the current markets bringing about a lot of uncertainty for investors this past month.

Meanwhile, I continue on track with shifting gains online to long term dividend producing companies and Trusts, keeping management fees as low as possible. Adding funds to my high interest savings account on a regular basis.





Saturday, November 24, 2018

Coin for Gas

The one thing I can't grumble about this fall in Nova Scotia, is the price of gas that hits me direct in my wallet to keep the car fueled. For now, low oil prices are keeping the price of gas at the pumps down.

What I can grumble about is another wallet I have and that is my crypto wallets. At this time, Bitcoin is tracking down to $4000 USD, a long ways from $6500 on November 7th. Billions have flowed out into other crypto coins and/or cash. Value adjustments one has to come to terms with like everything else when changes occur in the investor world. 

I come to terms with it all quickly where it's always about moving forward. I've seen it all before with broad investor panic and just wait until things return to a reasonable level of 'normal'.

Stable coins seem to be one of the major trades happening in the Crypto Market place. Touted to be coins that won't move much in value based on 1 coin equal to 1 US dollar for example, fluctuating a few cents up and down.

Although millions have flowed into various Stable coins since they have become a major trend, I'm leaning towards Circle's USD Coin, USDC. Behind it is the low fees I prefer with transactions.

Currently, blockchain fees to 'move' crypto and with person to person transactions is very low compared to when I convert to fiat such as USD or CDN, where fees increase quite a bit depending which outfit I'm dealing with.


These days there is a lot more awareness of high fees impacting bottom lines and that has certainly happened with folks into the stock market as well, where it pays to shop around for the ultra low management fees these days and the introduction of more zero cost stock buy and sell finteks where an average Canadian Bank has a fee of upwards of $9.95 for each transaction.



Thursday, November 15, 2018

Steps

Temperatures are slowly stepping down in Nova Scotia as we head for winter. We're still getting the odd mild day in between which I'll take anytime. 

Temperatures are not the only thing going down these days as stock markets continue to be fidgety after a rally early in November. One of the pluses is that the Oil price is moving up some where the Saudi's announced they are cutting production for now, although the US is pumping more than usual these days.

Just to get a feel of what's going on with the rumblings in the Markets, Canada's TSX index is in the negative return for 2018, which is a benchmark. Hopefully, things will improve towards years end for investors that are affected by these 'benchmark' lows lately.

I'm mainly focused on dividend producing REIT's, which have been mainly unaffected by the Market eruptions. They mostly deal with rental income which is booming as housing prices continue to go up; out of reach for those not falling into the tightening bank restrictions for mortgages.

On the digital coin front, Bitcoin took a wicked drop yesterday ... falling about a $1000 USD in value from the $6300 USD range it's been at for weeks. BTC is climbing again today but of course no predictions where it will go. I'm not sure if this has anything to do with today's Bitcoin Cash's 'hard fork' where 1 or 2 new coins will emerge on exchanges that support it. Those interested are buying BCC to gain an equal amount of the competing coins for free. (Bitcoin ABC and/or Bitcoin SV)

The result of all that will be seen this evening or tomorrow on various crypto news sites.

In Canada, the legal weed hooplah from opening day in Canada has gone fairly quiet where it's more about not enough supply to meet demand and that will continue for some time to come. Meanwhile, it must be looking good for the Government coffers as tax money flows in from each sale like wine, beer and liquor.


Thursday, November 8, 2018

100 Years

November 11th is Remembrance Day here in Canada and it's also the 100th anniversary for the end of World War I in 1918. Trench warfare and a huge loss of lives on both sides. It was about 'Queen and country' back then. 

The Mid-Term elections are over in the US and more of an interest to Canadians than usual where I sense a general dislike for the current President with the recent US - Canada trade tariff squabbles and other issues. His party lost the majority in the 'House' and in two years, we'll see if he can hold on to power for another four.

The investor world liked those results and the Markets have been upbeat since then with normal fluctuations to come, depending on what's happening on a daily basis not only at home but around the world.

On the flip side of the digital coin, Crypto's haven't swayed much since the big Market sell off days of late October. The coins move more to the issues inside the Crypto online world and any country imposed laws/rules that try to bind or restrict it's freedom coming from Governments and lobbying Bankers.

Bitcoin remains the benchmark of all the Altcoins and the most traded everyday. BTC is still relatively unknown in Canada but I figure that will change in the future. Perhaps Banks will come out with their own 'coins' down the road at some point with underlying fees of course.




Friday, November 2, 2018

Moving On Up

With Halloween past, it's all about Christmas now in the retail sector and a lot of folks are making travel plans to be with family while getting some shopping done. I've always been a 'last minute' guy and I don't see that changing again this year.

Newfoundland, being an east coast island off Nova Scotia ... every year relatives and friends from away who live on the 'mainland', plan to drive home for the Christmas holidays and take the 90 mile super ferry crossing. Often stormy seas cause delays in crossings and throw a monkey wrench into time schedules for travelers. Hopefully, there will be calm seas so people can get on and off the island without much delay while having a good time.

Markets around the world have picked up since Monday with more gains yesterday. Bitcoin, which usually reacts faster with swings remains sluggish but climbing in value as well.

This is one of those feel good stories for sports fans, hockey fans in particular. Montreal Canadien fans, like myself, took an instant shining to the team's 17 year old rookie from Finland, Jesperi Kotkaniemi who plays center. First it was hopes he makes the team and stays for the season. 

After 11 games, no goals but that changed last night with Jesperi scoring 2 and instrumental in the Habs come back to beat the Stanley Cup champions, Washington Capitals, 6 to 4. The stadium erupted after his first goal with a standing ovation. With his boyish face and smile, I'm sure he will continue to improve as he gains more confidence in games ahead.

Canadiens centre Jesperi Kotkaniemi and goalie Carey Price share a moment after Montreal's last-minute victory over the Stanley Cup-champion Capitals Thursday night at the Bell Centre. DAVE SIDAWAY / MONTREAL GAZETTE


With the Halifax drive to keep the Navy ship maintenance in the port city, The Federal Government announced yesterday that the multi billion dollar contract will be split between the Davie shipyard in Quebec, the Seaspan shipyard in Victoria, BC and the Irving Shipyard here in Halifax. The Irving Shipyard also has the 25 billion dollar contract to build the new Frigates for the Navy with an estimated start in 2021.