Setting up a printing press in your basement to print pictures of dead US presidents on bits of paper is to invite a visit from some men/women dressed in black. But do you want to create some virtual US dollars? No printing press is needed, just a keyboard, computer, and mouse. And don’t expect a visit from the… Read More »
First, let’s talk about bitcoin. It’s been a good year (bitcoin up 163% YTD) and November was a great month (up 38%). The fundamentals are sound. Institutional buyers are stepping in just as supply is drying up. Do I think bitcoin will reach $100K in 2021? Let me put this way: If it does, I will be writing… Read More »
This month I bought some crypto-stocks for my RRSP (Registered Retirement Savings Plan, or the Canadian version of an IRA). Bitfarms and Fansunite have been the big winners. A note about Fansunite: In 2018 I bought it in a private placement as a blockchain deal. It went zombie for more than two years and resurrected itself as a… Read More »
End of the third week of December. Maybe the rally extends up to Christmas. But no farther. The historical record of price action for bitcoin is remarkably easy to predict: As you can see from this chart, November is the best month to own bitcoin, with a cumulative return of 526%, in this particular month, since 2011, not including this month.… Read More »
This has been my favourite chart to check almost every day for the last few weeks: https://cryptofees.info/ The fees listed above are what users are paying for transactions and other services that are offered by the crypto-coins and the Defi contracts (mostly Uniswap and Sushiswap). Does it imply one protocol is “better” than the other? No. Does it… Read More »
Last week I added to my position to Bitfarms (BITF-TSXv), a bitcoin miner based out of Quebec, Canada. Despite the political turmoil over US election results (or because of it), Bitfarms stock is up this week to 55 cents CAD. It was 45 cents a week ago. After months of increasing hash rate, with the end of moonson season… Read More »
