Saturday, February 16, 2019

February Quotes

Open pretty much any mainstream financial media source and it’s hard to feel cheerful. Economic growth is slowing. The yield curve is flattening. Trade tensions are tensing. There’s plenty for an institutional investor to fret about.
Yet none of those worries are top-of-mind for institutional investors these days when it comes to their crypto investments. Along with most of the blockchain sector, they’re more engrossed in the drama unfolding around the death of the CEO of a Canadian crypto exchange.
In case you missed the story on CoinDesk, the CEO of beleaguered Canadian crypto exchange (link shows homes in and around Halifax) QuadrigaCX, which was already in trouble because of frozen accountspassed away unexpectedly in India in December. Leaving aside the suspense over the encrypted laptop, the debated existence of cold wallets and the exact role of the chihuahuas in all this, the attention-grabbing detail is that he apparently was the sole keeper of the password that could access client funds. When he died, he took the password with him.

That's a quote from an article on Coindesk, published by Noelle Acheson and pretty well sums up what's happening currently, here in Canada anyway.

Courts got control of all that now and probing into where and if the missing 'coins' can be recovered with a seized laptop being the center of it all. Guess it's not so easy as they show in the movies ... tap a few keys and bypass logins. Hook up some jumper cables to the circuit board. I'm in!

But even after that, tracing and finding the coin in the 'cold' wallets that also need 'keys' and passwords.

At this time. The hunt continues.

As Noelle mentioned in her opening paragraph ... in the Markets, investors are kind of cautious these days but there are gems in the rough and there's always those Canadian Fintech high interest savings accounts to park money while deciding a next move. Like 3% with Tangerine for new accounts and Wealthsimple's 2% savings account. I'm a member of both.

Meanwhile, I like where Bitcoin is at currently; fairly stable for the last week and better than any major drop some in the crypto community fret about.

Monday, February 11, 2019

Ship Building and Cell Hacks

Halifax's ship building tradition continues with a combined contract for the Irving Shipyard awarded by the Federal government. 60 billion to build 15 Frigates for the Canadian Navy awarded to Lockheed Martin and BAe along with Irving. The first steel for these ships to be cut is expected to be in 2022 after the design is complete.

Meanwhile, work continues on the Arctic Patrol Ships while Russia continues a gradual buildup of air, land and undersea presence  around and near the North Pole. What's behind all this? Ownership of energy and ore riches.

The West and East coasts are getting whacked with wind storms lately, specially in BC with damage and power outages over the weekend.

Sim cards on cells. 

Social Engineering ... really? A new label for crooks and hackers. I still call them for what they are. Thieves that clean out people instead of working for a living.

Reading that article you can see how clever these people are. They impersonate and keep probing those agents and call center people that are not trained enough in the secure protection of accounts. A name and phone number to get started until a cellphone is took over and finances cleaned out.

With cellphone Apps and software; auto storing and auto adding Login details/Pin numbers to financial accounts, makes it easier for crooks to enter. It's also not a good idea to add and file username/account login numbers and passwords on a phone such as debit card numbers for example. Specially to your bank.

Stay safe.

Monday, February 4, 2019

February Coffee Break

As I continue to learn the ropes with the Stock Market, and that will probably go on to the end of days for me because it's always changing and evolving; there are so many aspects to it that it makes your head spin and I have to sit back at times ... ok, one point at a time to grasp.

For example, say I'm heavily invested in some Canadian prime blue chip stocks and suddenly issues come up I see on the online news that turn into international spats. Will that weigh on any businesses I'm involved with that have stakes in that country or countries. Yes, that can certainly happen as seen in past weeks. 

Here are the ongoing issues ...

Now that the US has an extradition order in place for the Huwaii Exec, tensions heightened with US and China and Canada because she is being held in British Columbia, we are being eyed with angry accusing eyes from Beijing.

Just my opinion, but I feel she should be allowed to return to China and put an end to all this mess with travel restrictions in place until some kind of inquiry looks into the US claims, which usually takes months.

Meanwhile, Canadians living in China are being more scrutinized for any issues. A few have been detained since the Hauwei issue came up here.

China, being a major trading partner with Canada has an impact on businesses involved with the recent political spats but so far it's business as normal.

With our own doing and not US related this time, we criticized Saudi Arabia about Human Rights which caused and continues to cause a rift and some businesses that deal with the county are having a financial headache over that. It's good to have a strong international voice but being a young country criticizing Saudi Arabia is not going to change any policy on their part although it makes us feel good that we look after our own. 

Time for a coffee break

Hashing Ad Space  is the most interesting new venture I've funded in 2019 so far. A 'trade able' token with Bitcoin called 'Asimi' is the only currency within the Advertising project. So, Asimi is actually an "Ad" coin but also has worth when trading back to Bitcoin. When I started it was worth 0.50 USD and now valued at 0.65 USD while it fluctuates daily

I began by watching the introduction and 'how to' videos so now I'm into 'minting' Asimi daily and that lasts for a year per funding.

I have the option of remaining passive or for folks who sponsor, they can bring in people into their organization and earn 10% of their daily 'mints', which can certainly add up over time.

Hashing Ad Space is just getting it's legs and hopefully will run for a few years but like other ventures I'm involved with, depending on how it's accepted by the crypto related community. 

Thursday, January 24, 2019

Coins that Ain't Heavy

It certainly doesn't have the feel of winter today as we are into another mild spurt since last night. Driving along a flat calm bay with windows down and a flock of salt water ducks flying along parallel to my car just above the water ... who needs Florida but there will be more bone chilling temperatures to come yet before it's over.

Pop! Like air coming out of a balloon, the High Yield frenzy spurt I mentioned in my last article is over for now. In rapid succession, a few sites shut down so I'll chill once again with that niche. Reminds me of all the ICO's (Initial Coin Offering) failing now on the crypto news after millions were and still are being pumped in. Big plans at the start but constant layoffs now or shutting down, mainly due to the slow leveling down of the Bitcoin value over the last 3 months.

But, like all category related opportunities that come up, a few will continue to grow and award those who invested.

I did get my first Litecoin paid to me yesterday; posted on my 'Update' site. With a market cap shy of 2 billion USD, I can exchange it for Bitcoin later if I wish.

The cost of living has edged up in 2019 already and not hard to see with higher prices in the grocery stores, especially with produce. Folks living on the same paycheck to paycheck will need to be even more thrifty when shopping to stay on an even keel. At least the gas is still cheap here, staying under a $1 a liter so far.

Monday, January 21, 2019

The Big Swap

So far, this winter's weather in the Halifax Regional Municipality has been different from previous years. For the 2nd time this month we had far less snow than forecast for a storm followed by a day and night of rain. Personally, I prefer that to about 3 feet of snow but others like to see the white stuff.

Ending last Friday, the Markets here in Canada continued to improve. Meanwhile, Canada and China relations are not good today from the fallout of the Chinese cellphone Hauwei exec being held in British Columbia for the United States. So we got caught in the middle.

Interesting where the Big Banks of Canada are now into the main Weed stocks with recommendations and 'gain' forecasts. Canopy Growth and Cronos Group, for example with a 'buy' and 'outperform' rating from CIBC.

In the digital coin area of crypto currencies, insights from those doing steady research on the whole sector figure 'some' of the drops in Bitcoin value is due to investing in other and new on the Market coins looking for gains with some swapping back to Bitcoin and repeat. Makes sense where the majority of tokens are difficult to exchange for cash or fiat when one wants or sites obeying the laws of the land where a coin needs to be held in for a few months before open to exchange for profit. In other words ... a security where an outfit issuing a coin in the US must be compliant with State and Federal SEC departments.

Meanwhile, I'm enjoying the current 'up' trend in the exciting and high risk area of High Yield sites while it lasts with profit in mind.

Saturday, January 12, 2019

Mid January and Talk of Gains

Ending this 2nd week in January, it had an interesting start, where the stock world in North America recovered with steady gains thru the week and that lifted my stuff back up to 'normal' levels. See if that continues and a lot seems to hinge on the US - China Tariff meetings.

Bitcoin ... as I bring 'coin' into my crypto 'wallets' at the value received in Bitcoin, the ideal scenario is for BTC to go up in value ending in a double gain for moi. That was not the case towards the end of the week as Bitcoin dropped from $4000 down to the $3600 USD range. But I received 3 Bitcoin payments at that lower level so hoping for a climb up next for the 'double' gain I mentioned.

Year in review from the Blog

Also this week and after a slow 6 months in the HYIP area of my ventures, it came alive in the High Risk scene with the opportunity to gain in the High Yield field of investing, arm chair style. Invest and withdraw. Although there are many interesting sites now on the go, you have to wonder which are planned scams and which will just run until they peak and then slowly come to a flat line. Of course, the latter is what I seek where they all end at some point.

Interesting where some are referring to their plans as 'contracts' where the majority have an end like Bitcoin Mining.

All goes well, I'll withdraw the 'gains' to fund my 'Dividend paying' stock portfolio where the goal is to have a growing monthly dividend income from Income Trust's and companies that list on the stock exchange. Did I mention that was also risky business? Yes it is and I also find it highly addictive.

Monday, January 7, 2019

First Week of 2019

So far ... so good with January and February being our main winter months for snowy weather here in Nova Scotia. Heavy systems have bypassed us and dumped a lot of snow on Newfoundland during the past week or so.

Actually, I'll narrow that down to the Halifax area after looking at some pictures of the Highlands in Cape Breton (northern Nova Scotia) from Boxing Day. That bank is even higher today.

Cold winter nights to watch the NHL hockey games, movies or a scatter TV show. Not much interests me on TV with all the reruns except a few series shows like The Rookie, Magnum PI, Lethal Weapon and Vikings I enjoy.

Although a tad flat in the Canadian Market today, there has been improvement since December and I'm liking that so far. Some articles relate the latter 2018 drop/negative gain with the index's in the Markets ... to the Dirty 30's and the great market collapse at that time but lessons have been learnt since then.

Bitcoin, being the index for crypto coins has also been on the move 'up' so far with a lot of bouncing around in value and what Traders like to see. Buy low, sell high. Some predictors of the 2017 Bitcoin high forecast 2019 will be better than 2018. Others figure it will drop to around $100 in about 10 years. It all depends on the human factor driving it all, bulls and bears. Market news positive and negative also factoring in, bringing on panic and fear with selling, or more steady buying.

Personally, I don't take 'stock' in any long term predictions and focus on the short term, day to day stuff and look for the possible gains I can achieve.

Thousands of people into Bitcoin Mining have quit or companies employing them have laid off and downsized. Not much or no profit being the blame from the highs of 2017. Keeping in mind the computer hardware and huge power draw expenses involved.

On the flip side, the 'middle folks' like crypto coin payment processors and exchangers continue to do very well, which is usually the case., Coinbase and CoinPayments being examples.