Investing

Bitcoin and Ether

  • Last Updated:
  • Sep 25th, 2017 8:13 pm
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Deal Addict
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Jul 6, 2010
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Toronto
How does the increasing value of the CAD impact your holdings? Don't you lose value as the CAD rises? Example, if you bought 1000 CAD of coins, and in 1 year the CAD was equivalent to USD, well the original investment would have equalled 800 USD, so now when you're cashing out you only get 800 CAD? Ignoring any increase in value of the coin obviously.
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Oct 23, 2003
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mapleleafs89 wrote:
Sep 10th, 2017 2:16 pm
How does the increasing value of the CAD impact your holdings? Don't you lose value as the CAD rises? Example, if you bought 1000 CAD of coins, and in 1 year the CAD was equivalent to USD, well the original investment would have equalled 800 USD, so now when you're cashing out you only get 800 CAD? Ignoring any increase in value of the coin obviously.
yes, but does it matter?

the only time you'd wanna pull out into fiat is when you're cashing out a ton of profit.
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Buggy166 wrote:
Sep 10th, 2017 3:02 pm
yes, but does it matter?

the only time you'd wanna pull out into fiat is when you're cashing out a ton of profit.
Was just curious. If the CAD reaches par with USD again it just means we'll be out 20% from what we could have had, not like it can be controlled but 20% is a good chunk.
Jr. Member
Feb 27, 2016
126 posts
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JaiKor wrote:
Sep 10th, 2017 1:32 pm
Coinbase fees say 3.99% for CC but I only see fixed amounts like 1.49, 1.99, 2.99 regardless of amount.

It stays at 2.99 for 52 or 76. I was trying to find those slabs but there's nothing I could find anywhere.
I noticed this too. It's why I purchase in $50 increments because the fee is a true 4% at $2. If you go above, or below, the fees are odd.

This is not disclosed anywhere on Coinbase's website. Needless to say, I was pretty pissed when I realized, AFTER buying at $25 numerous times, of this "dynamic 4% fee".

Frustrating.
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Jun 21, 2008
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tallestman wrote:
Sep 10th, 2017 5:53 pm
I noticed this too. It's why I purchase in $50 increments because the fee is a true 4% at $2. If you go above, or below, the fees are odd.

This is not disclosed anywhere on Coinbase's website. Needless to say, I was pretty pissed when I realized, AFTER buying at $25 numerous times, of this "dynamic 4% fee".

Frustrating.
0-10 is 0.99
11-25 is 1.49
26-50 is 1.99
51-200 is 2.99
201 and up is 1.5%

I found that from some forum I think, it seems to hold true except the 201 and up. When I bought in at 250 i was charged 4%.

Do you find when you buy in $50 increments that sometimes you are charged $50 and they deduct the $2 from your coin whereas other times you are charged $52?

Why do they do that?
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Dec 21, 2007
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Scarborough
mapleleafs89 wrote:
Sep 10th, 2017 3:42 pm
Was just curious. If the CAD reaches par with USD again it just means we'll be out 20% from what we could have had, not like it can be controlled but 20% is a good chunk.
Except that by waiting for dollar parity, crypto would have moved so much you'd likely be out more by sitting back vs investing.
I am the Stig's brother's cousin's friend's former roommate.
Newbie
Sep 27, 2013
12 posts
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Picked up some BTC and Litecoin during this dip. Discount coins!
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Jun 21, 2008
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soul5tice wrote:
Sep 11th, 2017 9:52 am
Picked up some BTC and Litecoin during this dip. Discount coins!
No ETH? lol
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Oct 23, 2003
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mapleleafs89 wrote:
Sep 10th, 2017 3:42 pm
Was just curious. If the CAD reaches par with USD again it just means we'll be out 20% from what we could have had, not like it can be controlled but 20% is a good chunk.
in terms of USD yes but in terms of the rest of the world, no. Just because the USD goes down or the CAD goes up doesnt mean the rest of the world follows. You dont lose 20% of it, you simply have more purchasing power in CAD.

Wont happen again anytime soon so dont worry. You'd need oil around $100+ for it to bounce like that again.
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Oct 23, 2003
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soul5tice wrote:
Sep 11th, 2017 9:52 am
Picked up some BTC and Litecoin during this dip. Discount coins!
If China makes an official announcement, there'll be a deeper discount. Also, a lot of chinese people with massive amounts started slow sells. If it becomes official news, expect another $500 or so flash crash. Just dont over-buy on any 1 instance, and buy on dips a little bit each time.
Newbie
Sep 27, 2013
12 posts
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Buggy166 wrote:
Sep 11th, 2017 2:13 pm
If China makes an official announcement, there'll be a deeper discount. Also, a lot of chinese people with massive amounts started slow sells. If it becomes official news, expect another $500 or so flash crash. Just dont over-buy on any 1 instance, and buy on dips a little bit each time.
Good advice, and yes I'm planning on cost over average my buy ins over the next while! :)
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Jun 21, 2008
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Buggy166 wrote:
Sep 11th, 2017 2:13 pm
If China makes an official announcement, there'll be a deeper discount. Also, a lot of chinese people with massive amounts started slow sells. If it becomes official news, expect another $500 or so flash crash. Just dont over-buy on any 1 instance, and buy on dips a little bit each time.
And if you wanted to trade for some OMG it's better to do a little bit now as well before the crash otherwise your BTC will have less purchasing power IF the crash comes.
Newbie
Sep 27, 2013
12 posts
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Ticco wrote:
Sep 11th, 2017 11:59 am
No ETH? lol
Not a big fan of Eth as much as I am of Bitcoin and Litecoin. Simply because eth is going to be more of a smart contract tool of blockchain rather than a store of wealth.
Newbie
Jun 2, 2017
15 posts
2 upvotes
Anyone have success with Quadriga's Bank Wire option? Any issues or successes?

I remember originally when I tried to do it the information provided was messy and the teller didn't get it (with the international addresses) and alll.

Thanks
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Oct 23, 2003
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Ticco wrote:
Sep 11th, 2017 3:37 pm
And if you wanted to trade for some OMG it's better to do a little bit now as well before the crash otherwise your BTC will have less purchasing power IF the crash comes.
thats not how that works. if BTC collapses, the shitcoins will be 1st to go. there's a reason every trade is made in BTC but stuff like altcoins arent even listed in some exchange houses.

if BTC takes a beating, altcoins are gonna take it up the arse 1st. People will be pulling crypto into fiat. They'll start subtracting their crypto from the most insecure altcoins first, then the top 5 coins (eth, dash, ltc, etc), and lastly bitcoin. Alternatively when bitcoin goes up, altcoins follow on a multi-day delay.

BTC is the moon that the altcoin ocean dances to.

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