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How much $CAD do you feel comfortable with getting debased on? Look at the BTCCAD chart. CAD is losing purchasing power against Bitcoin just like USD. Put all 60k into BTC and take custody of it. Don’t touch it for at least 4 years and you’ll do better off than most. Hit me back with any follow up questions.
You don’t need to go to a bank or explain anything to anyone. On Binance, you can easily borrow even more than $40k using your existing crypto or stablecoins as collateral through Cross or Isolated Margin. Since fiat currencies are debt-based anyway, it makes sense to strategically use this kind of leverage, especially while we're still in a bull market. Just be mindful of your liquidation price , in this case, with $100k CAD fully invested in BTC at \~$130k/BTC, the liquidation price would be around $54,900 CAD.
You have $60,000 CAD, and you can easily borrow another $40,000 CAD. Since fiat currencies are debt-based anyway, it makes sense to take advantage of this opportunity while we're still in a bull market.
So the bitcoin dilemma- you bought $95k at $118k (all CAD). So now you sell it at $130k, and you now have roughly $4k added to your taxable income. Say that costs you $1k. Now you have to decide the best place to invest the remainder, and so you have $94k of bitcoin at $130k. I’m not sure I would recommend an all in strategy. Bitcoin has lots of ups and downs, but historically has steadily increased in value. It’s a long term game, and some people just get stressed by the downswings - or worse, panic and sell off. If you think you will need some of that in the next 5 years, you need to face the possibility that your need will force you to sell someday a loss. If you have the stomach for the ride, hold it - ignore the waves and trust the tide. If it’s going to cause you undo stress, cash out and join a yoga group.
Don’t try fool us. We all know CAD is a penny stock.
That's not the right question. Ask something more like, what is the comparable risk of Bitcoin dropping 50 percent, vs your fiat CAD dropping 50 percent? What is the risk of Bitcoin dropping to zero, vs the risk of fiat dropping to zero, before you die?
Stay. Get to 1btc if you haven't already. You're good. Move on, start another little CAD stack over the next few months to make you feel better.
All-in with all you got- Very risky move. But, the die is cast as they say. You need some sort of plan to get through the next couple of years without touching your stash. 1. Live below your means. To a guy that saved 104K CAD at age 34, you probably excel at that. Make sure that you cover all your spending with your current income. 2. Avoid debt like the plague 3. Scabble together a minimal financial “shock absorber”. Aim for maybe $5000
It’s CAD so that’s like 15 bucks now
Does CAD count as real money?
DXY is roughly at 99-100 - Bitcoin is $95k DXY was roughly 100 in September - Bitcoin was $62k. Yen/AUS/CAD still way down. Euro and Ruble are up.
By 2030 it may well be 1.5M USD but also only 150K CAD
Maybe 1.30 - 1.35 CAD but I’m no FOREX expert
fml... I bought at 70k CAD I had like $700 bucks... had to sell at like 80k CAD... man being broke SUCKS. could of had $1330 CAD if I sold when it was early January at $150k... RIP
Additionally, many people would be more likely to contribute via lightning than on-chain. If I wanted to send CAD$2.00 right now on-chain, it would cost me about $0.50 to do so - 25% of what I'm tipping. Whereas a lightning tx would cost about a penny or less. And would be private, as mentioned. I personally would never tip on-chain but often tip/donate via lightning.
It’s up 2.9 against CAD, 2.4 USD. Where do I see this flatness you describe?
It’s progressively losing value against CAD since tariffs begun
Pretty fast. I’m watching the CAD to USD exchange rate and the USD is losing value. All started when the tariffs did.
USD has lost 4 cents of value vs CAD since December, from 68 to now 72 cents. Give it a few months and we'll see who has the monopoly money
Maybe start with the wiki/faq here or over on /r/BitcoinBeginners Here's my best try at an ELI5 though: Consider the types on money you already know about, e.g.: US dollars (USD) are used in the US. Canadian dollars (CAD) are used in Canada. Euros (EUR) are used in parts of Europe. These are all different types of *fiat* money. Fiat money is created at will by a central authority based on the economic/political needs of their government. You can freely exchange USD for EUR (or vice versa) at a currency *exchange*. The exchange *rate* is just based on market forces - i.e. what people are willing to pay at a given moment. Governments can create more, but that also makes it less valuable compared to other currencies. Fiat money involves a lot of infrastructure behind the scenes which we call the *banking* system. Bitcoin (BTC) is slightly different because it has no central authority, and it has no banking system. Instead of a central authority which creates it, it has a process called *mining* which results in new bitcoin being created at a predictable but constantly shrinking rate. Instead of a *banking* system, it has what's called the *blockchain*, which is a kind of decentralised database of transactions that anyone, anywhere can interact with to send or receive bitcoin. To send or receive, you need a ***wallet***, which is a piece of software (or hardware) which interacts with the blockchain. To buy or sell, you usually use an ***exchange***, which is exactly like a currency exchange used to swap between fiat currencies. You typically buy BTC on an exchange with e.g. USD, then transfer it (*withdraw* it) to your own wallet in order to spend it, with no permission or explanation needed. A list of trusted wallets & exchanges can be found in the faqs/wikis. Just like any exchange, there are usually fees involved, so shop around. There are also fees to send bitcoin itself, but these vary constantly and currently run to around 50 cents per transaction.
I’m not saying PoW is anyone should join. I’m saying you keeping relatively effective server running 24/7 is not giving you a penny back. Let’s say your server running rippled takes 500W so that’s 12kW per day. You Canadian so the cost is about at least 10c/kWh. So it’s around $1.20CAD per day and $438CAD a year. Plus hardware. Let’s say hw is about same and round it $1000/year. That’s absolutely minimum. More like $4000 or n reality but let’s keep it $1,000CAD. XRP is now what? $3CAD. It has about tripled during seven years. You think your effort to put seven years is minimum $7000 and what was XRP 7 years ago? $0.7CAD. So you spent $7000 and absolutely no return for running rippled. Why wouldn’t you put the money in XRP. If you’d put same $72 a month to BTC the seven years how much worth it would be now. Exactly what do you mean the best incentive is no incentive. You would have $36,000 of BTC now if you’d spend the amount of money through DCA to BTC as you have spent in running rippled.
1 USD = 1 USD 1 CAD = 1 CAD 1 BTC = 1 BTC You are a citizen of a "Bitcoin country" that exclusively uses Bitcoin for savings, and prices all its goods and services in Bitcoin - you wouldn't care what other currencies are worth. You can buy a candy bar for 1 USD today, but in the past, it cost a quarter dollar. You can buy a candy bar with 0.000012 BTC today, but in the past, it cost 1 BTC. If you are an Alien observer in orbit watching these humans trade for 50 years, and witnessed this Bitcoin country and America, out of those two currencies, which would you choose to exchange if you were to join their trade?
Great question. See if this works: Friend has an uncle who sends him money from Canada to Sri Lanka. Instead of the uncle sending the friend 100 CAD he can send you 0.00085347 BTC. You can then hand the friend 21473.08 LKR. Write everything down so that everyone knows what to expect. You just got bitcoin without any exchange fees, only the blockchain fee and your friend got his money without any fees. Use [coingecko.com](http://coingecko.com) for pricing.
> No, no it won't. I agree. Bitcoin is way to correlated to US stocks for it to benefit from the collapse of the US Dollar. This is not 2013. Since then Bitcoin has pivoted from a P2P cash Cyberpunk currency to a high beta financial asset traded on Wall Street, more of ten than not with significant leverage. I can see the following doing well in a USD collapse: Gold, EUR, JPY, GBP, CHF, possibly CAD and AUD. In crypto Monero (XMR).
Merrily dumped another load of CAD into it It was at 83 before my nap and woke up to sats on discount :D
Google still says "119,303 CAD" even tho it's down to $111,931 CAD.. they're as delusional as Trump lol WHERE'S THE $8k GOOGLE?? HUH?
Yeah, makes you think eh? The first time I ever heard of it I was in 2011, I think. I was slaving away in a restaurant kitchen for $12 CAD an hour, forever one missed paycheck away from being homeless, stealing food from my own employer on occasion. Anyways, I came around to Bitcoin when I was ready.
I compare to Canadian dollars. Up 7% more over the past year in CAD compared to USD (because CAD is 💩)
Thansk for the info. Since I'm 28, my maximum contribution limit is 71K. I'm no where near that limit, but have made lots of money over the last 3 years on wealthsimple. My total contribution as of today is 21,000 CAD. My accounts value is hovering around 43,000 CAD. I put everything into gold in the beginning, Waited, waited, waited, sold gold for other assets, then every time i got paid from work, Put more into gold, Waited, Waited, sell gold into more assets, rinse and repeat. I read up the federal laws, as long as you stay under your LEGAL Contribution limit (71K for me) the CRA will not ding you with 1% fee and they will leave you alone.
It's up more against euros, CAD, pounds. About the same vs yen.
Exactly plus I also like seeing full coins not fractions of one because most people can't afford $115000 CAD for 1 Bitcoin 🤣
On bitcoin.com yes 166$ CAD
Whoops I was thinking in $CAD
I heard about it … checked there is about 2000$CAD spread … as i am new I don’t know how to compare … is it alot or is it ok?
I’m for real lol, how would a random American valet know what CAD looks like? How often do Americans travel to Canada vs the other way around? It’s not like CAD is big in pop culture either
Why would an American know what CAD looks like? Could argue you as a Canadian are up your own ass for assuming a random valet driver would know lol
USD has (history) been stronger than CAD. In my experience, people gladly accept USD at parity so they get a little more for the hassle. Understandably, will probably be accepted less and less and USD may not be as strong over CAD.
That’s not any different than the U.S. not accepting CAD. In fact, Canada accepts (or did accept) USD much more frequently than the other way around. Especially in Quebec.
It can be a pain in the ass exchange currency in the US. Even CAD & Euros.
Ah no, it's much more likely that the CAD becomes legal tender in new England and the weat coast. But it's cute that you think so.
Canadians have accepted us currency forever, the US has always refused Canadian currency. Hell, Americans are so fucking up their own ass I tipped a valet in Seattle a $20CAD note because I ran out of US cash, and the fucking guy didn't even know where it was from....this is a two hour drive from my house...
USA: $27.7 trillion (2023) Canada: $2.89 trillion (2023) Canada’s GDP is only slightly greater than 10% of the entire US GDP. Insignificant is actually an understatement. Canada needs the USA. Without us, the cost of goods that Canada will have to import from other countries at a high cost will ultimately cripple the economy, as evidence by the value of CAD declining in value against the USD ever since mid-2024. Canada will eventually capitulate to the USA’s economic policies and trade demands and order will be restored peacefully.
Because Canadian currency is worthless and nobody wants it. Most places I've traveled to whether it's in Asia, South America or Europe would accept USD. Traveling is very expensive for Canadians nowadays. If I go to the US for Vacation and spend $3000 USD it would cost me $4300. Nobody wants CAD.
That’s untrue. CAD has been declined against the USD since August 2024. All you have to do is look at the chart.
Dead cat bounce. The past 10 years show Canada’s economy stagnating while the US thrives. Canada’s GDP per capita grew by about 5% since 2013, while the USA saw over 28% growth. Ask yourself why is Canada only now pushing buy Canadian? Why wasn’t this a priority before the trade war? Why has the Canadian dollar been sliding against the USD for years, not gaining? The idea that reduced demand for US goods is boosting the CAD ignores the bigger picture. Canada’s economy is lagging and this sudden patriotism feels like a fad. Disagree if you want, but the numbers don’t lie.
We aren’t exactly grovelling at the feet of the US lmao. USD isn’t much use when many stores don’t accept it and you have to pay a % fee when depositing it into an account. It’s like going to japan and being confused when they don’t accept USD even though JPY has fallen 30% in the last five years. Plus it really makes no difference whether or not they accept it. If you’re a tourist just exchange for CAD.
Um no they would just accept CAD not BTC thats funny 😂 they don’t have to.
CAD has been on a gaining trend since the "trade war" started. Reduced demand for US goods on the CA side means increased demand for CAD.
Rejecting USD is do dumb. Canadian fiat is losing its value rapidly. I would gladly accept being paid in USD anytime over CAD.
I've been doing $30 CAD a day since Jan 1st -- and plan to do it for 10 years. I figure the bag will be worth more than the $110k I put in at the very least. My estimate is it will need to be worth about $180k in order to keep up with inflation. $30 has been getting me about 20-25k sats per buy -- and I'm hoping in 10 years, the last remaining purchases only net me 2k sats. If I had to make a guess, I'd say the bag is worth $400k CAD or thereabouts in 10 years.
Can i take 150k CAD loan? No, i cant.
MOON at 9 cents CAD or lower
Genuine question from someone who has 3K CAD in bitcoin (I converted 2K Canadian total so I'm up ~30% now). Isn't it very possible that it crashes and stays low long-term or indefinitely and then it'll be worth pennies or just a few dollars in USD? Unlikely ofc but that's what worries me and stops me from investing more than a small percentage of my current total saving (along with just having it all tied up in one place and being screwed if it crashes temporarily at a time I need at least some money back).
Probably should have clarified in my post this is in CAD haha, hopefully didn't confuse anyone!
100K CAD is what I’d like again. I don’t play monopoly without checking the pockets of the crooks in the game. All hail fair money. 🚂
First thing is I would check in on the brokerage, instead of TD I would consider Questrade instead (lower frees, no commission on trades, easy website to use, etc). A lot of people just go with their bank for ease but I really like Questrade the best so check out the pros and cons of each. The two etfs that are the best in my opinion are the Blackrock IBIT and the Fidelity FBTC (FBTC.TO as the ticker if you are buying in CAD currency). I prefer the Fidelty one as they self custody the bitcoin themselves but either is fine
> Who buys this liquidity trap? me when it dips in 9 cents CAD range
canadian here so about $2700 CAD ($1900 USD)
Well yes, it doesn’t matter and it’s just a conventional topic. It’s ultimately just a choice of payment mode. For any transaction it doesn’t matter. You can build business models onto the translation risks the same way you can between USD/CAD but that is independent of its transactional use.
This is a pain. I can help solve this in Canada but not in the US. My company can help receive crypto and convert to our CAD accounts for regular banking services.
Once I bought $50 of Bitcoin in 2017. Lol off of a vanilla prepaid Visa. Not tied to my actual BA on a trading platform, so don't know how that would have planned out anyway, can't even remember which site. It's somewhere out there.....Would have been worth I estimate that 50 dollars when BTC was 5K, would be worth about $1500 2 months ago at $150,000CAD lol and I'll never find it. 😑
IBIT CAD is likely worth $0 because it's a synthetic product, not actual Bitcoin.
Right? I bought my BTC in 2021 and sold in March of last year when it had a crazy run and ATH for CAD. Paid off my 8 years of student loans. Freed me of ridiculous monthly interest payments that i can reinvest that money instead of burning a hole in my wallet. No ragrets
Have partial XRP sell off at 4.5CAD. Holding the rest encase XRP actually moons. Did I set too high at 4.5?
I made profit when it hit 4 CAD. Bought back in when it hit 3 CAD.
It's down 20 cents CAD already from the announcement peak
My interactions with AIs to date show that it would make erroneous decisions about 35% of the time, usually as a result of using outdated or incorrect information on the net. 3 times out of 4 Chatgpt made wrong buy/sell recommendations based on incorrect 200-day SMA. Also, three times DeepSeek got the incorrect exchange rate between USD and CAD. We’re definitely not there yet
I dabble a bit in BTC in a variety of ways. I have about 1.5% of my investments in BTC ETFs, so the ETFs hold the BTC, not me. So strictly speculative not functional. Have some in a non reg account, some in a TFSA, and some in an RRSP. The non-reg was originally a BTC trust that is now an ETF, has quadrupled since I bought. The others, meh. But I invested a level that gives me some FOMO insurance, and at the same time if it tanks, it’s a small component of my NW. I am spread around with 3 different fund companies. The “not your wallet, not your coin” rule still applies. I also have an online account with a well known provider. It’s their wallet. It provides easy purchase of new BTC. I have at $35 CAD equiv in that account presently. This account is part of my education into using actual BTC for transactions. But using a service provider that has KYC obligations and keeps records of transactions, not really the selling feature of crypto.. so.. I also have my own wallet. Again, just a low CAD equivalent. Very cool that I have played with ‘losing’ the wallet file, and then creating it fresh with my string of words. THAT has some real value in terms of portability of wealth. I have those words written in a book. One can imagine very creative ways of storing those words and easily take flight with just the clothes on their back and still have access. Yesterday I made an online payment for a service that I paid previously with ApplePay. I used my wallet not the online service. It was fast, easy, not too difficult, was way easier than when I moved $50 of BTC from the online service to my wallet. But still, the wallet, transfers, paying, it’s not simple though and that is an impediment to greater adoption. It was however incredibly empowering - hey mother fuckers, I paid someone for a service and NO ONE was privy to that transaction, just me, and them. That has value!
A lot of people wish they held onto it. But in reality, 99.99% of people have a threshold before they sell. You either have to be insane or forgetful. There are tons of people that do the math and realize they spent $20,000,000 on a pound of weed or an Onion because it was an elite way to grip a bag. Lol. I was doing well and bought 25 BTC when it was $800 CAD. Then sold it all at $1,200 and dumped it into marijuana. Made a ton of gains, invested with the Aurora Circle since I was arms length from the operation, market crashed, I lost tons, friends lost millions, took what I had left, made some mistakes, still came out ahead (Barely), then went completely into crypto. Which was my original plan until legalization. (So close!!!) Got scammed a couple of times, market crashed, I decided to never sell. I moved some things around and diversified. Life kicked the shit out of me heavily. Went deeper into debt, market went down even more, but Still held on. Glad I did. Now I know at least 4 things. 1) Hold on for dear life 2) meme coins are lottery tickets. 3) cycles take years to happen 4) when a large pump happens I put 80% of my gains into BTC and keep them there. I've often considered how close I was to being set for life. "If I did this at that time" or "If I just would have stayed committed". It's pointless to think about the almosts. And it's upsetting to see others consumed by them. Life is always good with the right state of mind. Have faith, use my head, and be patient.
>The reason the fed targets 2-3% inflation is to stop people from hoarding money. Well, I live in Canada, so we don't have "the fed". But we do have a central bank - The Bank of Canada. And I think that the Canadian financial industry is a little better regulated that the American one. That's not a “dig” on the US. I think it’s just a fact. Anyway, the point remains the same. My point was only that u/bitcoin-warlock 's post made it sound like people used to think that holding fiat currency (USD, CAD, EUR, whatever...) is a way to save/store your wealth and that his advice to not "hold fiat" was presented as being news. It isn’t. It never has been. Literally no one thinks 'holding fiat' is a good idea, and no one ever has. This is NOT news. Most people don’t have very much fiat relative to their net worth. Most people have their money “in the stock market”. That means that they don’t actually have that money anymore. What they have is fractional ownership in a whole slew of companies. That ownership stake might be expressed in “dollars” or “euros” or Bitcoin for that matter. But it is a mistake to think that that means you actually have dollars. What you have is an ownership stake in a whole bunch of companies. I think bitcoin is wild. It is basically digital gold. But let’s not pretend that people somewhere used to think that hording $500,000 USD in a bank account was a good idea because literally not one ever thought that.
I own 0.1 BTC at 105K CAD and added more today when it touched 120K CAD. Fundamentals. Zoom out! I wish I was orange pilled sooner but this is the time to scoop some more.
pretty much. I bought BTC from May 2021 till Sept 2022, and at one point i think my total investment was down around 60%. Now, my ACB is $46,500 CAD. It sucks to see crypto crash (like it always does), but if you just invest at a reasonable rate and can just hold for an actual long term, you will see the benefits years from now. People don't understand their risk tolerance until shit like this happens.
If the tariffs happen, Canada will be forced to make a choice between: hyperinflation like Zimbabwe due to stimulus or defending $CAD while letting assets plummet. Either way, Canada is heading towards an economic depression that could take 2 generations to fix. Crypto is just being manipulated to give big money a chance to load up. Binance dumps MASSIVE amounts to trigger longs, as BTC hits 200 EMA with a completely oversold RSI. IMO I think they're aiming for the CME gap at $75-80k
My biggest secret is my dad bought $500 worth of bitcoin when it was only at like $85 a coin, and I ended up fucking up and wiping the phone with the crypto on it and selling it instead of mine (they were both the same phone but I installed a screen I bought to sell it, put it on the wrong one). And we are broke as fuck. Thats about $793,864 CAD Words cant explain my guilt. But at least im bound to get rich.
The post's mention of a potential $80 trillion impact from U.S. investment in Bitcoin aligns with Michael Saylor's vision of a U.S. strategic bitcoin reserve, which he claims could significantly lower national debt and establish dominance in the digital economy. This concept is underscored by support from lawmakers like Cynthia Lummis, with bipartisan hearings on digital asset legislation occurring soon, enhancing the credibility of these ambitious claims. * [Astherus USDF (USDF) Price, Charts & News](https://www.forbes.com/digital-assets/assets/astherus-usdf-usdf/) * [Bitcoin (BTC) Price, Real-time Quote & News](https://www.google.com/finance/quote/BTC-CAD?hl=en) ^(This is a bot made by [Critique AI](https://critique-labs.ai). If you want vetted information like this on all content you browse, [download our extension](https://critiquebrowser.app).)
I’m 45 and just put 50k CAD into Bitcoin. And wish I was 20
Search for "bitcoin coin" on Amazon. You can get 9 of them for around $20 CAD.
$400 for an S19? We really are being bent over up north. It's $1500 CAD here for a used model from a reputable source.
4000 Sats is $5.30CAD, that’s a good DCA. It all ads up! Well done
Same thing happened to me with SUI. Things should reverse and eventually, I would hope that all crypto will do very well. You only lose if you sell. You can set a limit sell order to take some profit and it will likely hit your target price at some point. You only lose if you sell. The market is so volatile, it’s hard not to panic. I went all in on SUI at $7.40 CAD to make a quick trade and it’s just completely ranked since the beginning of January.
I done that in January with SOL 😅 bought @ $340-$350 CAD and now the price down too $270 CAD ish
I think ultimately, the Bitcoiners currently are essentially waiting for a supply shock to occur. The idea is that America announces officially that it has acquired X amount of bitcoin as a strategic reserve. Other nation states follow and start buying bitcoin. Corporations dive in, Hedge Funds dive in, and a frenzy occurs. However, there is only a set amount of supply available. Once that supply is deemed low, the price goes parabolic as demand soars. This occurs due to a supply shock. Think toilet paper at Costco during CoVid, except with bitcoin. The thing is, if it does go parabolic, most bitcoiners are not selling. They might sell off a bit... But not a majority of holdings. A day will come where a person takes a photo of their holdings, and understands that the number is not going to move much ever again. 1 Satoshi will be worth $1. For some, such a statement about satoshis seems impossible. However, with inflation and hyperinflation, anything goes. A steak dinner used to cost ten cents a hundred years ago in the 1920s. I think ultimately, the question isn't, "When is Bitcoin going to make me a bajillionaire"... But rather, "Is the state of the economy and the Fiat currency I live with sound?" Being Canadian, I see my country's economy in a bad place. It used to be on par with the US Dollar, and I remember 13 years ago visiting and the Canadian dollar being worth $1.10 USD. That was AWESOME. Now, it has declined to values I remember seeing as a kid in the 90s. $1 USD = $1.50 CAD (Shortly). With inflation, and a weak dollar, it makes sense to buy as much Bitcoin as possible. Should Canada enter into decline, I'll have bitcoin to save my ass. What does Canada do if tariffs break the economy? How does the economy perform in that environment? The USD isn't perfect either. It is doing very well right now, but that's because it is considered a "Safe asset" to invest in as the whole world is experiencing hard times. For those that don't know about bitcoin, the USD is the best place to store wealth. What if, something impacts the USD such as that 37 trillion dollar debt? It's a big problem, but America can and has inflated the economy to make those debts easier to pay down. Devaluing the dollar. In fact, a recession is ideal for Donald Trump because it allows a way to bailout businesses, banks, and for some of that financial assistance to fall off the back of the truck and into special interest pockets. "Look what Canada did to us! America was going to be great again and the Canadians started a trade war by ripping us off!" TLDR - It's not about "when will I get rich?" but rather "How confident am I in the FIAT currency of the country I reside in? Are we economically fundamentally strong? Or is inflation going to kill my purchasing power?"
Last time I tried to orange pill someone, BTC was $55,000 CAD. She later told me that she talked to her friend after me and she decided it's a bad idea. I just said, "Well, one of us gave you really bad advice." BTC is now $138,000 CAD.
Sounds like you got scammed by the recipient. They should not have said to send "$155 CAD worth". They should have told you exactly how much BTC to send (for example if I wanted $155 CAD worth of BTC from you for a product or service right now, I'd ask you to send 0.00112 BTC). That way, you can provide a transaction ID after sending and you, I, and anyone else can all see that either exactly 0.00112 BTC was sent or not.
It'll usually tell you the Bitcoin amount you should send, e.g. something like "0.00111876" BTC or "111876 sats" for $155 CAD (based on current exchange rate). Send the BTC amount, not the dollar amount your wallet shows. Your wallet is likely using a different exchange rate and may be be adding crazy withdrawal/transaction fees.
What currency are we talking about here? uSD=387 434$/btc CAD=445 967$/btc
Fidelity offers the same ETF but in CAD on the Toronto Stock Exchange (TSX): https://ca.finance.yahoo.com/quote/FBTC.TO/
I looked at some bitcoin I had to sell last year (all of my bitcoin actually..) to cover first and last month’s rent in Downtown Toronto. I sold at 76,000 CAD.. and it’s now doubled… Even though I have a roof over my head, I feel like absolute shit. And I feel WORSE because I can’t DCA a lot of money.. I’m essentially putting “beer money” in each paycheck.
Are they both in the same currency? In my account, FBTC is in CAD, and IBIT is in USD, so the variation between them is influenced by the exchange rate.
IBIT (USD) [IBIT.NE](http://IBIT.NE) (CAD)
BTCC.to has options trading too, btcy pays dividends like 10 percent ( uses covered call), they are both quite costly in management fees. The other american ETFs might have a CAD version and usually lower fees.
IShares makes a CAD version of ibit https://www.blackrock.com/ca/investors/en/products/340780/ishares-bitcoin-etf
Years ago I got $10CAD (0.01BTC) worth of Bitcoin as a Secret Santa gift. I didn’t understand crypto and investing and for a while lost access to it as I had changed emails, etc. I finally managed to get into it in 2021 and I nearly crapped my pants when I saw my $10 had increased to over $900. It is now sitting (last I checked) around $1,300-$1,500. I only regret not dumping more into it after receiving that initial $10.