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.