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You should research or ask questions before you throw attacks at things you don't understand. A simple Chatgpt question got me this in 5 seconds !! >That post captures a very common mistake: using the retail, consumer-facing crypto rails (Coinbase, Binance, etc.) instead of professional payment or off-ramp infrastructure built for freelancers, startups, or companies handling crypto payments. >They’re doing everything right except the part that actually matters: how they convert. >When you use exchanges like Coinbase/Kraken as an individual: >You pay retail spreads (1–2% hidden in the conversion). >Withdrawal and network fees add another 1–2%. >Bank transfers are slow because of legacy rails (ACH, SWIFT). >You lose optionality, you can’t hold stablecoins and spend them directly. >So yeah, 3–4% friction for moving “digital dollars” is nuts, but avoidable. >Here’s how pros, freelancers, and crypto-native companies actually do it: >1. Use a crypto-native payment processor >Platforms like: >BitPay, Request Finance, BitWage, Onramper, Transak Business, Uphold, Kraken Institutional, or USDC’s Circle Account Let you: >Receive USDC directly (no middleman wallet) >Auto-convert to fiat (USD, EUR, CAD) at interbank rates >Withdraw via Fedwire or SEPA (1 business day, minimal fees) >Typical cost: 0.1–0.3% total, not 4%. >2. Use a regulated fintech with crypto-friendly banking >If you’re in Canada, EU, or the US, look into: >Wert, Monerium, Kraken Bank (coming), Revolut Business, or Mercury + Circle integration These let you hold and send stablecoins like USDC as if they were cash — no conversion until you choose to off-ramp. >3. Peer-to-peer but automated (non-sketchy) >There are now P2P aggregators that automate the matching without meeting strangers: >Paxful (for stablecoins), Ramp Network, PayTrie (Canada), or Binance P2P Fees are <1%, instant settlement, and you stay in control of the wallet. > >4. For recurring freelance work >Use BitWage or Request Finance: >Create invoices in USDC or BTC >They handle FX conversion and deposits to your local bank >Transparent fee structure (\~0.5–1%) >Many Web3 companies use Request Finance for exactly this reason. >The Ideal Setup (for freelancers or small businesses) >Wallet: self-custody (e.g., Ledger or Metamask with a safe multi-chain wallet) Payment: Request Finance or BitWage (receive in USDC) Off-ramp: Circle Account or Kraken Pro (convert only when needed, at interbank rates) Bank: fintech that supports crypto cashouts (Mercury, Revolut, PayTrie, etc.) >That combo makes conversion: >Instant (same day) >Cheap (0.2–0.5%) >Non-custodial (you control funds until the last step)
You realize your posting in the bitcoin sub right? I remember buying at 70K CAD thinking even though the price is high I believe in bitcoin. The price eventually dropped into the 30s Now I wish I would have bought more at those prices. It was the long term holding that did this.
Maybe I got lucky but I got it around 16 dollars (CAD) in June and it went as high as 37 dollars (CAD) 2 months later. Plus if you believe the bull market hasnt really peaked yet it could go a lot higher still this cycle
similar to me, I've been telling everyone friends, family, even work collegues (even did a lunchtime slideshow/presentation) on the fundamentals and made sure I was selling anything but the idea and then for them to go do their homework. My mother-in-law invested in Jan'15 and bought 20 coins ($220 CAD a piece) and still has them today. My wife's friends hold 1-2 bitcoin each. Still have work collegues reach out and say "if only I listened" to you in 2013-2017 A lot of my close male friends are all finance bros (Goldmans/Barclays and Fidelity) they all laughed but I am the one retired at 40 with tens of millions to my name.
hoose an image to share Images（choose one） Save all images  Share Content Canadian investors, this is your chance to make the most of moomoo’s updated welcome offer! Our tiered deposit rewards are straightforward, stackable, and designed to give you a head start: Key Benefits (All in CAD): 🟢 Sign-Up Reward: Get a $2,000 commission-free card (covering commission fees). 🟢 Tiered Deposit Bonus: • Deposit $100 → Earn $50 in rewards • Deposit $2,000 → Earn $150 in rewards • Deposit $5,000 → Earn $300 in rewards (All rewards are stackable and issued after your first qualified trade.) 🟢 Additional Perk: Earn a 6% yield on cash balances for new deposits (up to $10,000 CAD). How to Claim: Step 1: Register with an invitation: Option A: Use this sign-up link (DM me for details). Option B: Enter the invitation code SDEMB8LM in the app during registration. Step 2: Complete your identity verification. Step 3: Deposit a qualifying amount — your rewards will be auto-credited.
I mean, you could say Canada defaultism or Europe defaultism too from the original comment. OP's post seems to be in USD and not CAD or EUR.
So very low chance. Thanks. I was looking at Bisq. Is it possible to use my current wallet in conjunction with Bisq? My current wallet has about $13 CAD in Bitcoin
Post is by: SimplyTulum and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1odeob1/crypto_investment_10k/ New-ish to crypto… I have $10,000 CAD to invest. I’m wondering what would be the best way to divide it- I’m ok with medium-high risk. Any help or suggestions on who to follow etc- would be much appreciated! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*
I’m small fry, I buy like $100 CAD per month, but it still feels so great to invest in my future. Doing whatever you can is better than doing nothing. Buying $500USD worth would be a big deal for me, if that helps put it into perspective for you.
You can live a decent life in a LCOL area in the US or Canada with £14K (19K USD or 26K CAD), especially as a couple (both making that much). Enough to pay for rent or even a mortgage on a $200K house/appartment, as well as food and public transport and/or an ebike. No lavish lifestyle or kids of course, but you'll have a peaceful life.
Love the vision, those were just my thoughts since you asked for them! Btw the link in your post is broken, but I found the product page on your site. Price is extremely reasonable. 30 CAD for the entire set is crazy cheap. Wish you tons of sales.
When I saw BTC hit its recent ATH of almost $175,000 CAD I couldn’t believe my eyes.
Because switching fiat currency has conversion fees, just like at the bank. Why didn't you just keep it as $CAD in your Kraken?
Those look like CAD drawing not a real photo of a product. It's probably a scam. Buy a bitaxe instead.
>I bought 3 BTC for $1000 CAD back in 2015. I wish alts never existed lol If you would have exchanged 5 BTC for Ethereum at its ICO you would now have 10k eth worth 41M vs the 550k of BTC you would have had you held. Alts are not the problem. Making stupid gambling decisions on poopy fart coins are.
So i still can’t send or use my money that was deposited into your app. Your reply was “ Thanks for waiting. Upon reviewing, the difference on the balance seems to be due to the conversion fees. Our system automatically converts your assets to the desired currency (cad to usd or vice versa) and a conversion fee will apply, you have CAD balance but chose to send USD. “ But i wasn’t made aware of the fees, and why does it cost $32 usd to convert $1500 CAD into $1000 USD just to use/send it?
Blew that much FIAT CAD on 0.006296 BTC the other day, crazy.
I bought 3 BTC for $1000 CAD back in 2015. I wish alts never existed lol
Post is by: bbrian017 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1o3zwbf/roi_breakdown_active_bitcoin_production_vs_direct/ Over the past year and a half, I’ve been tracking two parallel crypto strategies: • A Bitcoin-focused yield model generating daily BTC rewards • Direct BTC holding during the same time period My total investment sits around $13,000 CAD, with ~0.0688 BTC earned to date — about $7,715 USD in current value. Factoring in governance token growth, my total portfolio sits near $10,400 USD, representing roughly a +59% ROI since March 2024. During the same window, Bitcoin itself has climbed from $70,000 → $112,000 USD — roughly +60% growth. What’s fascinating is how closely the yield-based model has mirrored Bitcoin’s appreciation while maintaining daily payout liquidity. Curious to hear others’ experiences — have any of you compared BTC-generating models (yield/mining nodes, staking-based) against simple spot holding? Did the consistent compounding outperform the volatility of holding BTC outright? Purely an ROI analysis — not financial advice. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*
The important part of an Emergency fund is to make it self sustaining so that it can rebuild itself when its used. Try this: Over-contribute 20% to your emergency fund and put the overage into BTC. For example: $5000 in CAD, $1000 in BTC. The purpose of the BTC is to replenish the cash if and when you use it Remember a real emergency fund is used rarely (emergencies only) so your BTC component should have time to grow before you need to access it.
NEWTON CANADA CLAIMS ITS OPERATIONAL BUT ITS A LIE. They stole $3000 CAD on a "failed withdrawal to external wallet" support unresponsive for 3 hours. WHERE FUNDS?
Fair enough. I bought after ATH at around 170k CAD. Figured it'll average out with future purchases if we get a bear market
Yes, but look at they're actual reported revenue from LN fees. They were a tiny 5.5k CAD for the full year ending Feb 2025. I wish them well (I'm a shareholder), but the LN is going to have to get far far larger, with orders of magnitude increases in transactions before they'll generate substantial fees from it.
If I do decide to stake $62CAD with 0.001 ETH how would that look like statistically? Sorry dont mind the question.
You need 0.01 ETH to stake on wealthsimple about $62 CAD maybe Vethereum is different. I would contact their support and see if they can make an exemption for you. Tell them you know Jim and would like to stake via their flux capacitor.
Ibit or fbtc. They are both in CAD. If anyone wants referral codes. Shakepay. Bitcoin Well. Wealthsimple. Message me.
I use Wealthsimple. I think I’m getting r worded on the fees though. I bought 1000 dollars CAD and the fees costed me like 18 dollars.
Thank you brodie i actually checked i was getting robbed fr almost buying 1.5-2k above market price everytime, never noticed it for some reason because my currency is set at CAD and i look at the market price in USD on price trackers not on the exchange.
Is bitcoin up, or is the debasement of the US and CAD just that extreme?
I’m in the same boat as you! 500-600K CAD. I plan to go all in with 400k or so on bitcoin. I’m informed and pretty confident personally that I’m making a positive choice.
Here in Canada BTC briefly visited $174.5 K CAD before returning to $171.3 K CAD. Today is DCA day for me. I hate DCAing near ATHs because you know when the price corrects that that money will be underwater for awhile but I did it anyways. That’s when you have to fall back on your investment thesis. Do you believe in BTC’s future ability to outperform in the long run? If yes, then put your money where your mouth is and plough through the discomfort.
I was joking. CAD is unfairly priced relative to USD.
$1.38USD = $1.90 or $1USD =$1.40CAD so $50KCAD = $35kUSD
Thanks for your input, with the Feds making cuts I feel I’m not too late to purchase bitcoin and transfer it. Thinking of purchasing some after the weekend (incase some cash out and the price drops) but here for the long haul (10+years). Total investment in BTC would be 100K CAD before end of 2026 and hold till 2036. Just analysing if I should buy now or wait for it to dip a bit. Time in the market over timing the market.
all the boats are sinking. CAD is just sinking 5%-10% faster.
Oh, CAD, for a moment I thought you were reporting from the future. #NICE
That fact is what tipped my decision to take the plunge and buy a couple of years ago. Writing has been on the wall about CAD deflation imo.
This is so obviously posted in CAD to fuck with bot trading accounts that may not be coded to sniff out headlines in different denominations….
All time high in £ also, CAD, not sure about euro
who the hell values btc in CAD lmfao
Another option you should consider is setting up a secure Bitcoin wallet, establishing your private keys, and saving your luckily forgotten stack for the future. Selling Bitcoin for CAD will be a regretful move in 10 years.
…and on-line mini-courses. Excellent choice. Also: 1. Bitcoin Well (Lightning and on-chain, save directly to your wallet) 2. Shakepay: Easy gamified intro to BTC. Buy, sell, swap to CAD/USD on the fly. Virtual VISA card you can hold in an Apple or Google wallet. Shake your phone for free sats!
If you’re a Canadian try Shakepay. Send the BTC to Shakepay then sell it for CAD. Either send the CAD to your bank or spend it using Shakepay’s virtual VISA card
Currently it’s around $158,883 CAD.
You should look for a bitcoin yield ETF that generates monthly dividends for you. In Dec/2024 I converted my $85,000 of Larry Berman RRSP ETFs to IBIT and GBTC. In the spring of 2025, when our dollar was down, I converted all of it to the Canadian dollar IBIT because the bank was charging 1.5% to go from CAD to USD. In the summer of 2025 my total was over $200,000 in tax protected bitcoin ETFs. Then I converted them to yield ETFs that pay almost $2,000 a month in dividends into the tax accounts. As I write this they are down over 5%/$10,000+ since I bought, but when the market opens they will start climbing again. The $8.000 that didn't fit in my TFSA I bought bitcoin with. In December I will move about $20,000 from my TFSA to RRSP. This will take $20,000 off my gross income and free up the same $20,000 in my TFSA cap for 2026. In Jan/2026 I can sell my coin and put it in the TFSA as ETFs. My points are to shop around for a good tax free ETF that makes you the most money in your country. Expect your ETFs to be volatile with bitcoin price, but try to HODL them. You may wish to buy coin as well but ETFs are better tax wise.
50k CAD, so 35k USD. Worked since 16 with no expenses.
50k CAD, so 35k USD. Worked since 16 with no expenses.
BTC still up close to 20% YTD. Even if you remove the 10% drop in USD, still 10% and we are not in Oct yet (a historically strong month). BTC-CAD up 16%. BTC-EUR up 6%.
I started mining crypto when I was 11 stopped when I was 13 and it hit 8,000 CAD sold my mining rig which was the ant miners S5s and man I regret everything.
I had been using Coinbase or OTC options, but with the CAD/BTC trading pair, the fees/spread are lower.
If you're looking to leverage your Bitcoin (BTC) holdings to obtain fiat currency without selling your assets, there are several options available. This approach, often called "crypto-backed lending," allows you to use your BTC as collateral for a loan in fiat currency. Below is a breakdown of the main methods and platforms where you can do this, based on the provided search results. 💰 1. Centralized Crypto Exchanges (CeFi) Many major cryptocurrency exchanges offer crypto-backed lending services. These platforms allow you to deposit your BTC as collateral and borrow fiat currency against it. · Binance: Supports crypto-backed loans with a wide range of fiat currencies. Fees start from 0.1% per transaction, and you can use various payment methods like bank transfers, credit cards, and online banking . · Kraken: Offers leverage trading and margin loans, allowing you to use BTC as collateral to borrow fiat. Supported fiat currencies include USD, EUR, CAD, CHF, AUD, and GBP. Fees range from 0% to 0.26% per transaction . · Coinbase: Provides crypto-backed loans for institutional investors and high-net-worth individuals, though availability may vary for retail users. Supports USD, EUR, and GBP . · Gemini: Allows users to borrow cash against their crypto holdings. Supported fiat currencies include USD, and fees start from 0.5% to 3.49% depending on the transaction . · Crypto.com: Offers crypto-backed loans with competitive interest rates. Supports multiple fiat currencies and allows borrowing against BTC . · Uphold: This platform supports borrowing against crypto holdings, including BTC. It offers a variety of fiat options and payment methods . .nexo 🏦 2. Dedicated Crypto Lending Platforms Some platforms specialize in crypto-backed loans, offering more flexible terms and higher loan-to-value (LTV) ratios. · YouHodler (not directly mentioned in search results but inferred as a common option): While not listed in the search results, it is a well-known platform for crypto-backed loans. Typically offers high LTV ratios and supports multiple fiat currencies. · BlockFi (not directly mentioned but inferred): Another popular platform for crypto-backed loans, though it faced regulatory challenges in the past. 🔄 3. Decentralized Finance (DeFi) Platforms DeFi platforms allow you to leverage your BTC without intermediaries, though they often involve more complexity and higher risk. · Aave (not directly mentioned in search results but inferred): A popular DeFi lending protocol where you can use wrapped BTC (WBTC) as collateral to borrow stablecoins or other assets. · Compound (not directly mentioned but inferred): Similar to Aave, it allows you to use BTC-based assets as collateral for loans. 🤝 4. Peer-to-Peer (P2P) Lending P2P platforms connect borrowers and lenders directly, often offering more flexible terms. · LocalBitcoins (mentioned in ): While primarily a P2P trading platform, it can be used to arrange collateralized loans through private agreements. · Other P2P Lending Platforms: Platforms like Nexo or Celsius (though not mentioned in search results) are known for offering crypto-backed loans. ⚠️ 5. Important Considerations · Loan-to-Value (LTV) Ratio: This determines how much fiat you can borrow against your BTC. Higher LTV ratios mean more borrowing power but also higher risk of liquidation if BTC's price drops. · Interest Rates: Rates vary widely between platforms, so compare options carefully. · Liquidation Risk: If the value of your collateral drops below a certain threshold, your BTC may be liquidated to cover the loan. · KYC/AML Requirements: Most platforms require identity verification, especially for fiat transactions . · Fees: Be aware of additional fees, such as transaction fees, withdrawal fees, and maintenance fees . 💡 6. Alternative Methods · Bitcoin ATMs: Some Bitcoin ATMs allow you to sell BTC for cash, but this is not a loan—it involves selling your assets outright . · Crypto Debit Cards: Platforms like Crypto.com and Coinbase offer debit cards that allow you to spend your crypto as fiat, but this also involves selling your BTC . 📊 Comparison of Key Platforms Here's a quick comparison of some platforms based on the search results: Platform Supported Fiat Key Features Fees Binance 90+ fiat currencies High liquidity, low fees 0.1% trading fee, variable loan fees Kraken USD, EUR, CAD, etc. Strong security, margin trading 0%-0.26% per transaction Coinbase USD, EUR, GBP User-friendly, insured custodial services Variable fees based on transaction size Gemini USD Regulatory compliance, secure 0.5%-3.49% depending on transaction Crypto.com Multiple fiats Crypto-backed loans, debit cards 0%-2.99% depending on transaction 🌎 Regional Availability Note that some platforms may not be available in all regions. For example, Kraken and KuCoin do not support residents of Washington State due to regulatory reasons . Always check if the platform operates in your country. Conclusion Leveraging BTC for fiat can be done through centralized exchanges, dedicated lending platforms, DeFi protocols, or P2P arrangements. Each option has its own trade-offs in terms of risk, flexibility, and accessibility. Be sure to research and choose a platform that aligns with your needs and risk tolerance. If you're unsure, consult a financial advisor for personalized guidance.
That is wild. CAD $48M is an insane amount of money to leave vulnerable to a SIM card exploit. How can someone acquire that much in crypto without picking up better safety practices?
As a Canadian, i bought BTC on Shakepay, Kraken and Wealthsimple and never had to convert my CAD to USD before
Are you looking to convert USD TO CAD or end up with crypto? If you want to convert you should look up norberts gambit. I use DLR.U, I had to open up a free direct investing account, it costs $10 to buy and $10 to sell but otherwise you pretty much get the international exchange rate, so as long as you convert over $10k you're only taking a 0.2% hit
Use Kraken. Send USD and convert to CAD on the exchange and re-deposit the funds. I move USD to Canada this way all the time.
Send USD to kraken, buy crypto on the USD trading pair. Sell crypto to get CAD.
I just buy BTC with CAD. No conversion necessary with Shakepay.
I think the fees would end up being at least half a percent but potentially a lot more due to a poor spread for CAD on crypto exchanges, so you’d have to do a lot of research or it will end up costing you the same. My suggestion is to see if you can send it to questrade, once the USD is in you questrade stock trading account you can do Norbert’s gambit which will only cost you something like $15 in fees.
You don’t have to exchange USD to CAD to buy crypto. You can just buy the crypto with US dollars and then sell it for CAD. I feel like most exchanges that operate in Canada should be able to do this (e.g., Shakepay). You may also get perks from sending USD as well.
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