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tldr; A Canadian man from Hamilton has been sentenced to one year in prison for stealing $34.6 million in cryptocurrency and continuing theft while on bail. At 17, he committed one of Canada's largest heists, stealing CAD $48 million from a single victim by exploiting SIM card authentication. While out on bail, he orchestrated another scam involving X accounts to access victims' crypto wallets. The stolen assets remain unaccounted for, and he was caught after using stolen Bitcoin to purchase a PlayStation username. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Not so much beat the CRA - more just will there be a time where I don't need to think about it. Yes your point makes complete sense, its just translated the CAD value - so then it would be hard to use if I need to calculate profit off each transaction?
Do you think this is actually a clever “gotcha”? That if you just revert to a medieval barter system the CRA will say “damn bro you’re too clever, there’s absolutely no way to calculate profits and losses here, you’re free to go!” If you dispose of crypto for money or other crypto or other assets, the CAD value at the time of your transaction is considered a sale. Are you buying on a KYC exchange? If so, how do you expect to beat the CRA who will know exactly what you did with your coins on chain?
My electricity bill goes up about CAD$200 per month when I run my 100TH Whatsminer M30S+
Kinda correct. What you said would be correct if you buy with borrowed USD (or CAD if you are Canadian)
USD is debt notes. What do you buy BTC with? USD. You bought crypto with debt. CAD if your canadian
its a mere 1000CAD.. I think ill be alright brother. Appreciate you
Similar story... but didn't sell (almost sold my triple digit BTC) in 2017 for a new house and my wedding, but kept it, just sold 20 (fraction of my stack) for 3.3m (CAD) to buy a plot of land and retire. Can't complain as I too, wanted finanical freedom and to care for my family first and foremost. Enjoy!
I’m the founder of OFiDCrypt Canada and we’re affiliated with Ledger and right now a NANO S is $45 CAD off and comes with $10 in BTC if you get the black one 👍 Less than 100 bucks! https://x.com/ofidcrypt/status/1963846899502559427?s=46
Considering your initial investment, it may not pay off until a year later but in summary and as a Bitcoiner, I think its worth it! I bought an Avalon q for $2500CAD and it does up to 90-95TH but I put it on the slightly lower 80TH setting. Other than that I had to make sure I had a 20A circuit in my house as I only have 110-120v circuits and no 220-240V, bummer. So other than double checking my circuit and breaker as well as buying the miner itself, the only other thing I purchased was a new 20A GFCI outlet as mine was a little worn out from kitchen appliance use. In turn it uses about $80-$100 worth of electricity where I'm at but produces $200fiat worth of Bitcoin at the current price. Say Bitcoin doubles, then it'll produces $400fiat because you're rewarded in Bitcoin, not fiat. So currently it's only making me $100 profit per month but the way I like to look at it is that I profit $100fiat worth of Bitcoin a month but I also pay $100 worth of electricity to then get another $100fiat worth of Bitcoin. It feels like it's a company match in a 401K or something haha. In short, do your research on ASIC miner value and get one that works best for you, they breakdown the cost of the unit, electricity, Terahash pretty well which is why I bought this one. I plan to buy a Nano 3S that only does 6TH and set it up for solo mining.
Except it literally was? Over $5 CAD? previous ath was $4.80 CAD? why am I getting down voted? Reddit moment?
It’s $310 CAD for one. So ya not cheap.
BTC YTD gain 15% - and that is if you are in USD. For EUR YTD gain is 2.6%, and for AUD & CAD 10%. Considering we are nearing end of the year and the cycle, that's pretty poor performance so far, despite institutional adoption narrative. People still expect some sort of blow off top but I've dampened my expectations.
Yeah, yeah, I’m sorry for not including my currency (CAD). I can’t edit it 😹
The banks in ASEAN did and have incorporated it into their payments systems through SBI. In fact, LINK was just incorporated into that network a couple of days ago. No bank will rely exclusively on one payment solution. They’ll contract for multiple rails and use whichever is the cheapest transaction by transaction. The major obstacle was that U.S. banks couldn’t use XRP because of the SEC lawsuit for the past FIVE YEARS. That was a crime, and Ripple certainly lost their first mover advantage (which is what those two corrupt SEC commissioners wanted, Hinman and the other guy, before jumping ship to an ETH-heavy crypto investment firm). As to RLUSD, stablecoins make much more sense than any crypto in highly liquid markets like USD/GBP or USD/CAD but XRP (or LINK possibly) still would be a cheaper transaction in high friction corridors (i.e. transaction between parties in two countries that doesn’t have a lot of trade like Eithiopia to Latvia or something like that). Ripple disclosed a while ago that their software prefers to use stablecoins to XRP in those highly liquid corridors and that they were generating about $25M in usage for Circle, so they decided to bring that business in house. Kinda like how Amazon does their own shipping instead of relying on UPS anymore.
Well I meant CAD and forgot to mention. Even my cost there is in CAD. And it did hit CAD 1.04-1.05
You need to define “completely disappear” more clearly. As some here have pointed out they won’t complete disappear in 20 years. Iirc it takes about twice as long for the average bill to deteriorate, and plastic bills CAD can last even longer. Your question should probably be “will people still use cash as a medium of exchange in 20 years?”
I bought another $100 CAD to do my part.
$100 CAD on the daily. It equals $73 USD atm.
Quite simple actually. On December 16 when I bought it was $152,054(CAD). When I wrote this comment it was at $151,397(CAD).
From Google AI .. The following instances show past Bitcoin price drops exceeding 3% in a single minute: On March 4, 2021, the Bitcoin price dropped by 12% in just four minutes, declining from around $11,399 to $10,075, a drop of $1,324. This suggests there were likely individual minutes within this period where the price drop surpassed 3%. On December 5, 2024, Bitcoin experienced a flash crash that led to a sharp drop towards $90,500 from a high of $103,500 within a narrow timeframe. The exact minute-by-minute data for this event isn't available, but the rapid decline indicates the possibility of single minutes experiencing more than a 3% drop. On May 29, 2019, on the Kraken exchange, the BTC/CAD pair saw a flash crash, dropping from around $11,800 CAD to $101.2 CAD. This represents a drop of over 99%. According to sFOX, the price quickly rebounded, but it implies a severe drop occurred within a single minute. On August 14, 2025, Bitcoin experienced a sudden 5% flash crash, pushing the price down to $118,000 and triggering $577 million in liquidations within an hour. The sudden nature of the crash suggests that the 3% threshold was likely surpassed within a single minute. On March 18, 2024, a flash crash on BitMEX caused Bitcoin's price to plummet from over $60,000 to $8,900 in just two minutes. This signifies that in one or both of those minutes, the price drop would have greatly exceeded 3%. It is important to note that gathering and analyzing minute-by-minute data for such events can be challenging, as some exchanges may only provide data at longer intervals, like five-minute candles. While APIs and other resources can be used to gather this data, the above examples highlight instances where Bitcoin has experienced significant price drops within a single minute, likely exceeding the 3% threshold.
Yes, BTC saw a USD price jump at the same time as stocks, but * Gold/USD saw a price jump at the same time * EUR/USD saw a price jump at the same time * GBP/USD saw a price jump at the same time * CAD/USD saw a price jump at the same time Notice the common factor? You want "*a refuge from governments decisions"*? you found it. BTC supply is more limited, so the effects are amplified.
But 2 million CAD might only buy you a bowl of ramen in 2035.
I have an account through Shakepay that pays me 2% interest in BTC on my CAD balance.
Is there some the difference "trade" and "fair market" value? Sorry if this is super basic, I know legit nothing about this... On their valuation date in mid-May I had a bit over 500CAD worth of bitcoin in "fair market value" and that number mostly lines up when i pull up a historical exchange rate chart (this was almost my most valuable currency). But, the "trade" value shows as over $140k (in total i had a bit under 150). Looking at the graph though shows the current USD value of my (now former) abount of BTC as still under 500$ though and it's been higher the last while than most of its history. Either way guess it doesn't make much difference, just not understanding if/how i may actually have lost nearly 150k$ lol
Paid 1M CAD for 45 acres of woodland and a 4K sqft house 20 min from downtown to one of Canada’s top 10 cities 3 years ago. If I had bought bitcoin instead I would have 43 btc 😂
Sigh..December 16 Bitcoin was worth $152,054.09 CAD. This exact moment it’s worth $157,315.14 CAD. That would be a 3.34% total. Divide that by 8 and your right it’s actually lower than what I wrote which is 0.42%.
$0.08-$0.11CAD here, thanks hydroelectricity!
And now a new civic (in CAD )is $31,289 for the base LX
ATH was reached in $CAD, again
What is the ath in CAD? Did we just hit it?
Fellow CAD Bag holder.. terrible shit coin 0/10 would not recommend
I've been pretty excited about crypto lately. Though im only up about $30CAD up with about $650CAD, invested. I cant help but see the potential, even if its just as an interactive excuse to build good savings. I lost some money originally on the meme coins, but now I just got everything in bitcoin and ethereum. Any odd tips for a total beginner?
It just shows how big of shitcoin the CAD really is. **Happy ATH**, to all Maple Syrup Enthusiasts!
Obligatory 1 BTC is worth 1 BTC since I haven't seen anyone else say it yet. 😁 If the dollar collapses (even more), why would people sell their BTC for shitty dollars when they could just trade BTC for the goods and services they require? According to BLS's CPI calculator, $1 from 2000 has the same buying power as $1.91 today. And that's a pretty generous calculation. So the USD has lost about half of it's purchasing power in the last 25 years. I also wouldn't bother trying to exchange USD to CAD, EUR, YEN, etc because they are also fiat currency and can be devalued at will by their central banks. This is why we're here!
I really like your answer it has very good insight! But of course more questions now LOL. "BTC trades globally in many different currencies, so its value is set by the worldwide market, not just the dollar." On one hand if I pay 100k USD or 130K CAD for 1 coin, it is equivalent price to what ever fiat I'm using just to get 1 coin, (so in this case world currency doesnt matter because the bitcoin is being bought and sold to the relative equivalent price no matter what currency your using) and that price is based off directly what a CAD dollar is worth compared to a USD, so that's where it loses me. If I trade 1 USD dollar I get 1.3 CAD, but where a token isnt tied directly to something and a major shift like this has happend where does the extra 90 percent USD come from to make up the difference in the equation Like I said I'm I bit lost on how this would all play out cause I dont know the fine details of how the crypto works on the back end
Something up with shakepay? Bitcoin in CAD is over 160k currently. Shakepay is showing 159 and change.
My wallet current Bitcoin balance says 76,042. Assuming this means Satoshis, you have 0.00076042. The current CAD price of BTC is 160540.93 The arithmetic is simple. The CAD value of your BTC is the BTC amount multiplied by the CAD price > wondering if the amount I have is worth 88 USD or if I actually have 88 CAD in Bitcoin Your wallet tells you which fiat currency it's displaying. Which wallet is it? > I got charged a 24 dollars service fee on 150 dollars Canadian? There's a hidden fee built into the price the ATM operator charges you. It's not really hidden. It's probably displayed on the ATM screen, and you didn't take the time to compare it with the current market price. ATM operators typically charge between 8% and 20%. You seem to have paid 16% plus $5 In future, check the ATM's price before buying. Compare it to a reliable market price quoting site
Sounds like 76,042 is the number of sats (1 bitcoin = 100,000,000 satoshis) 76,042 satoshis = 0.00076042 BTC Checking the current exchange rate suggests this is: ~88.5 USD or ~122 CAD ...so you may have paid a higher fee than the machine suggested, or there may have been additional fees for the transfer.
They charge a fee but also the price of bitcoin is higher through them What wallet do you have? Does it display in CAD or USD?
Bitcoin is at around $160K CAD. If you have .00076 BTC - or 76,000 Sats - then it is worth $121.60. They might charge $5 in fees - and the rest of the difference (about $24 CAD) is possibly because they offer terrible exchange rates.
How to convert to CAD in Canada under 18 All apps require you to be over 18 in Canada to withdraw. I have some crypto someone sent me, how can I get the money. Thanks. .,....................,....................,....................,....................,....................,....................,....................,....................,....................,....................,....................,....................,....................,....................,....................,....................,....................,....................,....................,....................,....................,....................,....................,...................
I have lived in an apartment for almost 20 yrs, and I'm that time I've had my fair share of bad neighbours... so my plan is to live quietly. I also miss having a workshop for working on my cars in. I've also picked up a few extra skills in CAD and 3d printing so the workshop will be lovely. I just want space to be free to do as I please
Hodling through the 80-90% drop is crazy bad advice, I'll gladly sell near the perceived top before the big dip then buy back in with all of it, instantly making that 80-90% more BTC, we only get that opportunity once every 4 years why would you sleep on it. Just for example in 2022 Bitcoin peaked a little over $82k CAD then it dropped to $22k at the bottom of the bear market that follows every single bullrun, someone who only owed 1 BTC sells at $82k was able to buy 3.72 or so BTC with the same 82k, which that 3.72 BTC would be worth $583,043.67 today instead of just $156k had they hodled their 1 bitcoin without selling near the top of the bullrun then rebuy back in with everything near the bottom of the bear. It is a 4 year predictable cycle thanks to the bitcoin halving event.
Except I do run my small shop that accepts Bitcoin and I literally have to change BTC > CAD > BTC simply for business tax purposes. There are special accounting steps to make it only a currency conversion meaning the tax is sales tax not capital gains tax
It's funny that as bitcoin grows, the solidarity isn't there for other cryptos. The dollar with the Yen, Euro, CAD, or Pound is much less valuable as a whole. Destroy the shorts. Lol
It’s not the only exchange I have by any means, but I’ve used them numerous times last year (CAD deposits, coin purchases, sent purchased coins to hardware wallet — I always keep a Zero balance on exchanges) and I’ve had no issues at any stage. I’m in Ontario.
I bought $50 at 160,180 CAD yesterday thinking that was the dip. Then it dips.
I’m on NDAX. I’ve put money in, made trades, taken money out. Fees are pretty low and it’s CAD. I like it so far. I am Albertan
$156,000 CAD is now considered a dip. I remember when I thought 60k was too high to buy.
BTC dropped to 25000 CAD a while back or 22000 either way it was low enough where I could have taken a loan out to buy 1 and paid it off and still have more money than I currently have... additionally, back in like 2010 I think, I was offered the chance to buy like 100 BTC or something stupid like that, but I thought it was a HUGE scam and was like no effin way dude....
Change your money into CAD and you'll get ETH at 5k
Why do you say you have hopes it will go to 200 k CAD but ask right after if you should sell?? Makes no sense
don't hope for $200k CAD , hope for dips so you can buy more
If you are CAD, CHF, AUD, JPY user, the only option for you is Kraken. So buy Kraken+ membership for $4.99/month. These are the paths | \*\*CAD\*\* | \*\*Kraken+\*\* | Interac→USDT/USDC | \*\*$5/month\*\* | Revolut → EUR Strategy | | -------------------------------- | ----------------- | ----------------- | ------------ | ---------------------------------------- | | \*\*AUD\*\* | \*\*Kraken+\*\* | PayID→USDT/USDC | \*\*$5/month\*\* | Revolut → EUR Strategy | | \*\*CHF\*\* | \*\*Kraken+\*\* | SIC→USDT/USDC | \*\*$5/month\*\* | Revolut → EUR Strategy | | \*\*JPY\*\* | \*\*Kraken+\*\* | SWIFT→USDT | \*\*$5/month\*\* | Revolut → EUR Strategy | The alter option for you is make a revolut account (UK Neo Bank), and then change your currency into EUR/USD/GBP, then use the previous currency options.
I don’t understand. How are you at a loss if you bought ETH for $1037 CAD and it’s at $5145 CAD?
I bought 2 Bitcoin at ~$200 CAD each some time before 2013. I celebrated as it spiked to 1500+, then when it crashed to around $100 CAD, I spent a whole Bitcoin on 10 hits of acid.... Every now and then, I reminisce about my $18000/tab acid 😂😭
I got it at about 0.015 CAD and it’s now at about 0.024 CAD
There are only a couple of low-fee trading exchanges for Canada. The Bitcoin Canada subreddit can advise on their fees As for Crypto.com, sell everything into LTC or XLM (check which of those is supported in your Canadian exchange), for lowest Crypto.com withdrawal fees. See withdrawal fees here: https://withdrawalfees.com/exchanges/crypto-com Do not pay $50 to withdraw BTC from Crypto.com Send your other coins from your Ledger. Sell everything for CAD. Withdraw CAD to your bank account, for free, presumably via Interac
I'd like whatever drugs you're on because USD has fell sharply on quite a lot of major country currencies since Trump won: CAD, EUR, GBP,YEN, KRW, MXN.. I'd also include CHF but it's been declining since mid-2010s.
First plunge into BTC was at $1K’ish CAD. And that was during a “pump” too lol. (End of 2013)
I bought some in the height of 2021. 80k CAD, I thought I made a mistake when we seen a bear market in 2022-2023, but I kept buying low. Everything has paid off so far hahah. My only regret is not buying more. This will be mirrored. Right now buying might feel too late. But, in 5 years time, we don't even know what will happen
XLM .70 contact CAD Bitcoin 162k CAD Silver $53 per Oz We are living in crazy times
As you mention there is a shortage in desirable real estate, making the price unattainable. Your point that crypto helps hedge against a currency with decreasing purchasing power makes sense if those were your only two options. Realizing you’re Canadian, I agree the USD is a poor investment. But I don’t care whether I get paid in usd or bitcoin or newstupidcryptocoins or whatever as long as I can cash in for assets with tangible value. whatever currencies - crypto or usd or anything else are all still used to buy the same land, houses, utilities, food etc. Owning these assets in an economy with decreasing purchasing power only means your assets are worth more money and make more money, and increasing purchasing power means it may not be worth selling your assets so they are simply revenue streams. If most people who have housing can afford their houses and like them, there aren’t a lot of realistic scenarios where housing becomes more attainable without building more. The purchasing power is relatively immaterial. If the general population stops being able to afford housing in CAD or USD, changing currencies won’t solve it. The real problem with housing in US (differs from Canada but bleeds in) is that mortgage rates are much higher now than they were before. Anyone that owns a house that would rather sell doesn’t want to sell now as the market will offer more whenever these rates come back down. For ex I bought a house for 1.1M and could sell it for 1.5. But the interest on my mortgage was 2.3%, and my bank interest rate in a longterm CD is 4.5%. So keeping the full amount to pay off the mortgage in a bank account literally covers the principal, interest, and taxes on the house. These numbers are fixed in USD regardless of purchasing power. Meanwhile, a similar mortgage now would offer a 6.5% interest rate, costing me several million more throughout the term of the loan. So unless I can make an absurd profit on this house it’s cheaper for me to simply rent myself and rent out my house than it is for me to sell.
As you mention there is a shortage in desirable real estate, making the price unattainable. Your point that crypto helps hedge against a currency with decreasing purchasing power makes sense if those were your only two options. Realizing you’re Canadian, I agree the USD is a poor investment. But I don’t care whether I get paid in usd or bitcoin or newstupidcryptocoins or whatever as long as I can cash in for assets with tangible value. whatever currencies - crypto or usd or anything else are all still used to buy the same land, houses, utilities, food etc. Owning these assets in an economy with decreasing purchasing power only means your assets are worth more money and make more money, and increasing purchasing power means it may not be worth selling your assets so they are simply revenue streams. If most people who have housing can afford their houses and like them, there aren’t a lot of realistic scenarios where housing becomes more attainable without building more. The purchasing power is relatively immaterial. If the general population stops being able to afford housing in CAD or USD, changing currencies won’t solve it. The real problem with housing in US (differs from Canada but bleeds in) is that mortgage rates are much higher now than they were before. Anyone that owns a house that would rather sell doesn’t want to sell now as the market will offer more whenever these rates come back down. For ex I bought a house for 1.1M and could sell it for 1.5. But the interest on my mortgage was 2.3%, and my bank interest rate in a longterm CD is 4.5%. So keeping the full amount to pay off the mortgage in a bank account literally covers the principal, interest, and taxes on the house. These numbers are fixed in USD regardless of purchasing power. Meanwhile, a similar mortgage now would offer a 6.5% interest rate, costing me several million more throughout the term of the loan. So unless I can make an absurd profit on this house it’s cheaper for me to simply rent myself and rent out my house than it is for me to sell.
Too late? Bitcoin’s probably going to hit $1,000,000 one day. It’s not too late. I bought at $140,000s (CAD) and now I’ve made $28. I get it’s not much, but that’s not the point. With what I have so far in bitcoin, it’ll be worth $2031 when it hits $1,000,000 CAD. It’ll be worth more because I put more and more each payday. Hell, what if one day in the 2040s, BTC is worth $10,000,000? Like good for you for making that money, but man, there’s no time like the present to start buying Bitcoin.
Depends if you're able to see longterm and not over-stress if it ever drops short term by any amount. I just bough 0.172 BTC See what I did there? Not 28K CAD, 0.172 BTC is what I bought and now proudly own If you're patient enough a lump sum asap will always be the best option
I first read about Bitcoin in college on December 6, 2017, bought 0.0055 BTC for $95 CAD. Then the crash happened and got scared. Focused on my studies until Covid hit. Started hearing all my profs talk about the NHL, NBA, NFL cancelling their games. I checked the price of Bitcoin at $6,000 CAD, I checked my bank account at $6,000 CAD. I really debated going all in, but then I couldn’t pay my bills but I knew I’d be rich. I ended up buying a book called The Bitcoin Standard to really learn about it before putting any serious money in. After I finished it I became a Bitcoiner, I bought a hardware wallet, I kept my seedphrase hidden away and started stacking. There’s days where you regret not buying, or selling some, but at the end of the day it brought you happiness (hopefully). I told my aunts, uncles, grandparents, parents about it, they all seemed interested but didn’t want to take the risk. My dad ended up giving me money to buy it for him and now he has a good chunk of savings for a rainy day. Now even my grandfather wants in. You can’t help the people that don’t want the help, as much as it hurts. You just have to believe in yourself and know YOU know you’ve broken free from the FIAT system.
I don’t remember it being a big talking point either. What I do remember is frequent posts from Canadians and Australians talking about new CAD and AUS highs and nobody caring. Because the USD chart has always dominated this space, for better or worse, it simply has.
I bought 2 BTC in ~2011 for $200 CAD each. It's a long story where they went....could've been almost 100,000% 🤦🏼🤦🏼🤦🏼
BTC is almost 159k CAD right now. Just checked out the BTC ATM in the mall near me and they are selling BTC for 185k CAD. Insane mark up. Hope no one buys from them.
Seeing BTC at 158k CAD just blows my mind.
It’s not an ATH in purchasing power. Hasn’t breached ATH in CAD or EUR. Just dollar dropping.
I dump ~$80 CAD every 2-3 weeks on THC vapes
The more I think about it, the more I realize it's just money. USD is money with a set of rules. CAD is money with a set of rules. EUR is money with a set of rules. BTC is money with a set of rules. Some of us just looked at the Bitcoin rules and said "Yeah! I like that one more. Seems more fair. Makes more sense." That's all this is.
Bitcoin is actually treated the same way as currency, in Canada anyway. Everything is pegged to $CDN. If you buy USD, and then USD goes up in value to CAD, when you spend any USD technically under CRA rules you have a capital gain. Certainly, if you convert back to CAD you have capital gain. Is this enforceable? No, not for small dollar cash purchases. So there is no enforcement. And there is a small exception for forex gains in law ($200 or so). But in principle it is the exact same as crypto. Crypto just has automatic trails if you go through a broker, so it's easy to enforce in principle.
What if someone buys 10000$ of CAD$@ $0.70 and then the CAD$ gains in value @ $0.98 and they spend their canadian dollars.. will IRS tax that?
In practice though, nobody would pay capital gains for shopping with 100 CAD in the U.S.
Because it's not *Canada's* money, it is not legal tender. Outside of a few very specific exemptions (like a primary residence or assets held within tax-sheltered accounts), the only thing that's not taxed on gains is the CAD itself, because to the CRA, that's the reference value. If you were to hold large amounts of JPY and live off of it, every trade would also count as an disposition of property. To be fair you only get taxed on such dispositions if your gains total more than $200 over the year, but that's a minuscule amount for someone who'd live off JPY. Seeing how that's been going on for decades, it's probably the best we can expect for Bitcoin. The fact that Bitcoin gains are taxable is not incompatible with its status as money.
Being "money" has little to do with taxability. Technically speaking, realized fx gains are taxable as well. This means if you traded 100 USD for 100 CAD one day and then went and changed it back to USD a week later but got 105 USD because CAD got stronger that week, you have a taxable event. You would get the same result if you instead bought 105 usd worth of stuff with that 100 CAD. The only way BTC becomes nontaxable is if it literally replaces usd as the main currency in the US. That probably won't happen, so dont plan on tax free BTC ever being a thing.
Told a friend back in 2015 she bought 3 coins for ~700 total i told her several times I will look after them (like i do for about 10 friends and family) she said no, just few months ago was asking me about her seed address and the USB she misplaced, thats a $450k CAD mistake
I don't regret putting in 2k when it was at 77k CAD. I did at first when it dipped down, but not anymore lol
change currency to CAD
I bet on BTC in 2022, 2023, 2024. I never invested with my own money. I used all available credit lines to get as much of a stake as I could at end of 2023 and bought more in 2024 when it dropped to 77K CAD. I was in about $135000 CAD debt (105K BTC, 30K car loan) with 2.5 coins worth of exposure. Sold 1.5 BTC at 95K CAD, cleared my debt. Now hold 1 BTC free and clear with no debt obligations. I'm up about $229K CAD all told without investing any of my own money.
$15k whether USD or CAD is a frequent transaction amount in the real world. A down payment for a home is more than that and even earnest money (3%) is higher than that. You all act like you haven't transacted money before but I'm not surprised as the average income here is probably like $20k/yr. $15k won't even get you a car, so do you really think there's that much scrutiny? Reporting limits exist, but that doesn't mean you're going to find it hard to withdraw that money. Contractor work routinely hits this amount even for decently minor renovations.
For me Bitcoin is lime the USD or CAD I can use it to aquire Cannabis and Cheeze Whiz
OP is saying he wants to send 10k. Assuming this is either US or Canada based max denominations is $100, USD or CAD. Assumming he wants to send it in most compact form, thats a wad of 100 bills there at least, and a pretty recognizable form. Check out r/pmsforsale for a laundry list of times valuable stuff has been 'lost' in transit. Even if you want to hand off the cash yourself, it has become harder and harder to actually withdraw it from a bank without tripping 'security measures'. Think it used to be at 25k they flagged you, now i have heard down to 5k they may place a hold on your account 'for AML purposes'. This happened to me in 2018 when I withdrew 10k from my checking cuz I wanted to physically deposit it into another bank's savings account. Other bank had a higher interest rate which is why I left and the original bank still wanted to charge me $50 to do a 2 day wire between banks as the fastest way to move my money! When in this electronic, interconnected day and age it's still faster and cheaper to physically move your money means thrre is something wrong with the system, and I think BTC is at least one of the answers
I’m new to investing and new to BTC. Before the minor ‘dip’, I had around 1950 CAD worth of BTC. When BTC dropped below 100K (USD), I bought close to 5000 CAD of BTC, and now the value of that purchase has risen to a little over 5200 CAD.
For ATMs right? Because even on Shakepay you get 5% spreads and it’s already pretty high. Buying at 160k CAD is insane today, my price with spread is 142k (I don’t buy with spreads, just to illustrate)
I’ve been doing DCA almost at 10k (CAD) Trying to get to .1 btc by end of year 😀 planning to hold Hopping there’s 1 more dip below 100k this year to do a larger purchase 2-3k
And that is exactly what you have to do if you want to know if your USD.USDT/C is losing purchasing power. In other words it would have been smarter to have converted USD to CAD at the beginning of the year versus a stable coin.
You're comparing USD to CAD, not USD to USD(T)
Yep. I hold USDC which at the beginning of the yes was worth $1.43 CAD. Today it’s going for $1.36 CAD.
I literally remember when I bought... something... from the Silk Road for $30 CAD. That was 30 BTC at the time. At one point I had 60 BTC. Oh well.
Not OP but I like to trade XRP. When it hits $2.8ish CAD to when it gets it into the 3.1-3.2 range. Only buy some at $3 to hold close to when it gets to 3.60