Today I added to my position in Goldman Sachs (GS-NYSE) buying an additional 20 shares to bring my average cost to $230.53. I have just under $9K CDN worth of shares. But wait, I hear you saying, Goldman Sachs doesn’t do Bitcoin. True, not yet. It has not been a good year for Goldman Sachs, for in July it… Read More »
A few weeks ago, there was a spread of more than 6% between the price of Bitcoin in North America and in China, as the Chinese exchanges were dumping Bitcoin during the government crackdown. In theory, if you bought Bitcoin on a Chinese exchange (or even on Bitfinex which is based in Taiwan), you could then transfer the… Read More »
Raise your hand if you hate banks. If that’s too strong, raise your hand if you hate banking fees. I was doing some research on banking fees and found a gold mine of data in a 2016 report by from global management consultant McKinsey & Company on the exciting topic of the global payments industry. I read all… Read More »
In your investing history, have you ever researched a stock and said ‘No, I won’t invest’, only to watch it mercilessly and relentlessly rise in value? I have, and as I’ve gotten older I realize two things…one is that charts do matter, and other is that the opportunity cost can sometimes be great. In essence, at a certain… Read More »
Bear with me here folks, I’m going to have some fun with you—but also make you think. Everyone knows what it means to mine gold and silver. In the cryptocurrency world, we call “mining” the process by which Bitcoin servers (miners) are awarded new ‘bitcoins’—just solving by solving a mathematical puzzle. By the way, the description above is… Read More »
Criminals love Bitcoin. They think it’s wonderful to use for illegal transactions. If you want to sell something to somebody with giving up your identity, all you have to do is send them your Bitcoin wallet address. You can be on a different continent from your wallet if necessary. The person sending you money doesn’t need your name,… Read More »
