Lately, my Twitter feed has been popping up with tales of ordinary folks paying off their mortgage with their massive gains on Dogecoin. Because in the last 3 months, Dogecoin has gone up five million percent or something like that. Maybe you feel a bit depressed because you think you missed out. Let me make you feel a… Read More »
I bought my first house in Vancouver for $418,000 CAD in 2003, from a flipper. The house had been sold a year before for $320,000. I felt bad buying as it was obvious we were in a housing bubble. But I was married with a toddler and another one on the way. And renting a house in Vancouver… Read More »
Carnage today on the junior markets as the bears growl “rising bond yields.” The Canada Stock Exchange (CSE) index fell from 962 to 866, a fall of 7.9% The TSX Exchange (TSXv), Canada’s other junior stock exchange, fell 65 points or 6.6%. These two exchanges make up the bulk of publicly-listed crypto/blockchain companies. A sad day today, but the… Read More »
An academic study on loan sharking in Asia discovered the average annual interest rate charged to customers is 416% a year. But this week, crypto has that beat with some contract briefly paying out 670% per annum: Let’s dig into these numbers: The 0.06124% funding rate is the payout for the most liquid Ethereum futures contract on the planet, the Bitmex… Read More »
I sold one-third to one-half of my crypto stock-portfolio today (not my bitcoin and Ethereum): Three reasons why I sold: First reason: I made a killing over the last month on these stocks: Hut 8 Mining is up 103% since I bought it. Ether Capital is up 86%. Blockchain Intelligence Group is up 104%. QBTC is up 57%. Bitfarms… Read More »
It’s a hypothetical question unless you are a money manager. Deposit it at your local bank? Interest rates on deposits in most Western countries are essentially zero, except for countries like Denmark, Switzerland, and Japan, where interest rates on deposits are negative. Ask this question around the dinner table with your teenage kids and you will get funny… Read More »
