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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
How did you get in contact with support? I have about 300 CAD of bitcoin and keep keeping the error "not enough funds" to send when I have funds after transaction fees. I have an Electrum wallet ready but can't receive the funds. Any help you can provide would be appreciated
Look, all I'm saying is I just mocked up a 2.5" buttplug in CAD software I'm not going to name and it was about 1/2 a kg of gold, so this probably isn't as bad as it sounds. If you want a legal solid gold buttplug though DM me; I'll make it whatever size you want and it will be 100% confidential.
You all just straight up skip reading? 3 years ago 7 bitcoin was total of $173k now, 7 bitcoin is over a million CAD.
What to do with three fifty CAD now?
So if they had the $173k CAD today, they would get just over 1 Bitcoin (1.16 BTC). Would they be able to wait 5 years to become a millionaire or more like 10?
You’re not making sense bud. This was 3 years ago, 7 btc was $173k CAD.
Same for us in Canada. Bought my house in 2000 for 125k CAD and now the municipal evaluation is over 900k, market price would go for 1 million. I could not buy my own house today, my wages never followed this market and it saddens me for my kids as buying anything close to a major city is impossible.
I was looking at old localbitcoins emails the other day and killed me “0.97006 BTC sold for $120CAD” and there’s just dozens of emails like that
Moi j'ai Trezor safe 3. Quand je l'ai acheté, Trezor m'affiche 20 mots et tu dois les écrire en ordre selon ce qui est inscrit. Tu dois garder cette feuille caché, mais pas au même endroit que le Trezor 3. J'ai acheté une pochette sur Amazon (18$ CAD) qui protege contre le feu et l'eau, donc j'ai mis cette feuille là dans cette poche. Il est impérial de ne jamais jamais perdre cette feuille!!!! C'est plus important que l'objet. Ensuite Trezor 3 te demande de créer un NIP de 4 à 8 chiffre, ce NIP est comme un NIP pour ta carte débit. Chaque fois que tu voudras transferer tes bitcoins dans ton wallet, il faut toujours rentrer ce NIP. Si un voyeur saisit ton Trezor 3, naturellement il n'a pas ton NIP et même si le voleur fait un reset, sans les 20 mots, il ne pourra jamais récupérer tes Bitcoins. Très important, ne pas sauvegarder tes 20 mots digitalement, ils peuvent toujours hacker ton telephone/ordinateur.
Around October 2023 I had a gut feeling we’d hit $100k (CAD) imminently and liquidated my stocks to go all in on BTC. I had already been stacking with my income but I needed a boost. The following October we hit 100k, December we hit $150k. I regret that I hadn’t gone all in on BTC when I started investing during the 2020 crash, but we ball.
The Kroner is absolutely fucked. After CAD, I have the Kroner as the next western currency / bond market to flop. 2030 is my estimate. has been since COVID.
Lol if i do make a quick 500 off these because one is paired with USDT the rest can be done. i will try and if i succeed ill find my way back here. If you take 100k and bought ADA for example 92 cents CAD and held staked and traded some back n forth over time. If it expect to see a 10$ price prediction would buying 100k x 9$ equal out to be more then the current price of btc ? Who wants to ride the ADA coin train lets gooo 😈
Please tell me if you made this happen inbox me if you can i was just explaining this theory to my mate and it seems like graphs can prove black phoenix is a crypto coin and also in fact is in the market as such so lets get together put our brains Together if you want a trade buddy for BPX lets do it. I want to get $10 @ 0.08 and dump at 3.98 ( i am canadian so CAD ) would sincerely gain alooot
Bitcoin needs fiat to be worth any value tbh... until the entire world is putting btc prices vs USD, CAD, EUR ect. It will always be that way.
BTCC: 1 year, + 54.44% BTC-CAD: 1 year, +54.47% Pretty fucking close if you ask me.
> Can’t even get past 2500 change your currency to CAD
That's just a broad term used to describe your regular currencies, so USD, CAD, GBP, EUR, etc.
That's the next book I'll be buying. I'm currently listening to the Little Bitcoin Book on Amazon Audible, it's pretty good and the price was very good (6$ CAD...so maybe it's somewhere around 3-4$ for Americans).
Totally fair questions, and it’s smart of you to pause and ask before diving in. Is it normal for apps like Newton to ask for ID? Yes, this is **completely normal**, especially in countries like Canada. Apps like **Newton** are called **crypto exchanges** (similar to a stock brokerage but for crypto). Because they deal with real money and are regulated, they must follow **KYC (Know Your Customer)** laws. That’s why they ask for: * Full name and address * Date of birth * Government-issued photo ID It’s the same reason your bank would ask this info: to prevent fraud, money laundering, and comply with financial regulations. Newton is a **legit, Canadian-regulated** exchange. Newton is a **Canadian cryptocurrency platform** that lets you: * Receive crypto (like Bitcoin, ETH, or USDC) * Convert it to Canadian dollars (CAD) * Withdraw that CAD directly to your bank account It’s one of the more beginner-friendly options in Canada. Will banks block transfers from crypto platforms? Some banks used to cause issues, but today: * **Most major Canadian banks** do allow deposits from Newton and similar platforms * Newton also lets you withdraw via **Interac e-Transfer** or direct deposit — both are normal payment rails That said, it's smart to check with your specific bank (or do a small test withdrawal once you're set up) to be sure.Last tip: Be careful with your wallet * Never share your **private keys or recovery phrase** (Newton doesn’t use them, but if you ever use other wallets, keep them secret!) * Use strong passwords and 2FA # You're not alone! Everyone starts somewhere, and it's totally normal to feel unsure at first. But you're already doing the right thing by asking questions. Crypto can be powerful (especially for payments) once you get the hang of it.
I bought 10k CAD of FBTC in my RRSP account at btc 108k. I was unlucky because the CRA delayed my 25k tax refund. Has I got it on time, I would have been able to max out my contribution room for the year when btc was 75k. Its ok, I am planning to hold for 10+ years so no biggie
Its ATH in CAD. Trump dragged us down with him
Should just be able to toggle through options, right now mine allow me to quickly switch from USD to CAD. Don’t see why they couldn’t allow you to go from BTC to Sats
Just broke 150k on CAD in fact. You can pick whatever fiat shitcoin as comparison, but 1BTC = 1BTC and that's part of the beauty.
I mean if you're in Canada (I assume) - NDAX has .2% trade fees. Best in the CAD market.
Because when people buy btc in Europe it’s not denominated in USD. They buy BTC/EUR which is in fact not at an all time high right now. I buy BTC/CAD because I live in Canada and we also did not reach an ATH today
the USD is the global currency and all prices are measured in USD for everything in the world. Euro is used within Europe while USD is used worldwide. The price of bitcoin is measured in USD first and then converted to Euro, GBP, CAD etc.
I clicked on this and my first thought was "wtf?" Then I noticed the extra zero. I'm in Canada and in CAD they're close to $150,000 each.
This is $700k - $800k CAD in southern Ontario. We still have a ways to go unfortunately.
Exchanges get to choose how much they want to charge their customers for withdrawing bitcoin from their platform. This fee is referred to as a bitcoin withdrawal fee. Some exchanges choose not to charge a bitcoin withdrawal fee at all (it's free to withdraw bitcoin). [Swan Bitcoin](https://www.swanbitcoin.com/) chooses not to charge a bitcoin withdrawal fee. [Strike](https://strike.me/) chooses not to charge a bitcoin withdrawal fee if you choose the slowest option. [Cash App](https://cash.app/) chooses not to charge a bitcoin withdrawal fee if you withdraw 0.001 BTC or more and you choose the standard speed option. [River](https://river.com/) chooses to give their customers one free bitcoin withdrawal per month. Wealthsimple adjusts their bitcoin withdrawal fee based on the current mempool activity. $1.49 CAD to withdraw bitcoin isn't unreasonable. You can withdraw all of your bitcoin from Wealthsimple at once in a single withdrawal to save on fees.
I actually bought $5k CAD worth of btc during last month when it was ~76k. Definitely happy with my returns since then. If you want to get in at a really good price I would honestly wait until crypto winter which is allegedly due by mid-end of summer.
Lol no. Do you pay capital gains tax when you buy something in another currency? Every time you buy something on your credit card in EUR, GBP, AUD, CAD you pay capital gains on your USD? You exchange your money before you go on vacation abroad, do you pay tax? You buy foreign stocks in your brokerage account- do you pay tax?
Too true. There is so much friction in TradFi: 5 business days for a trade to go through, a day for deposits to “settle”, 3-6 weeks to transfer a registered savings plan between banks. The other day the balance in my Lightning “spending wallet” was getting a little low so I logged onto Bitcoin Well and bought some BTC with some CAD to top it up. The BTC was in my Wallet of Satoshi in less than a minute. So refreshingly fast and friction-free!
When I make a Lightning payment I send an equivalent amount of CAD to Bitcoin Well. They automatically convert it to BTC and it ends up in my Wallet of Satoshi in less than a minute.
Two kids up in Canada runs us 7,500 (CAD) per year. Start a protest already
You answered your own question, 10K CAD :)
What is the maximum amount of bitcoin to keep on an exchange before I'd need to get a wallet? It seems like a hassle to do, but If I'm approaching 10k CAD it's meaningful money to me
Nearly $4K CAD in XRP. Down about $200 but hopeful for the long run. DCA $3.50 CAD.