Investing

The RFD - Cryptocurrency Mega Thread

Member
User avatar
Dec 22, 2012
354 posts
68 upvotes
Toronto
Germack wrote:
Jan 10th, 2018 8:30 pm
Great explainer of why Bitcoin hype can be absurd even while blockchain may be revolutionary.

http://thereformedbroker.com/2018/01/07 ... ign=buffer
Author is clueless.
The good news is that calculating the intrinsic value of Bitcoin is extremely easy!

Let me get my calculator out…. Drum roll please…… It’s exactly….. $0!
That's absurd. The cost of electricity + miner equipment just to create blocks and maintain the ledger alone would be the overwhelming minimum divided by the block reward.
Deal Addict
User avatar
Dec 16, 2015
1015 posts
678 upvotes
Canada
yesman wrote:
Jan 8th, 2018 3:21 pm
maybe we should start a rfd telegram group
Seconded, but maybe Discord? Its more flexible as its accessible from any platform, including apps and web.

Join here for live chat

https://discord.gg/pW9rJSH
Jr. Member
Nov 9, 2017
103 posts
4 upvotes
Which bank has the best wire transfer rate outbound to international?
TD charges me $50 for like $39000 USD which is = $50000 CAD and more if I go over that.

Is there a bank or credit union that has an unlimited plan for wire transfer or lower cost than $50?
Member
Mar 2, 2011
241 posts
32 upvotes
Toronto
snowhite445 wrote:
Jan 10th, 2018 10:07 pm
Which bank has the best wire transfer rate outbound to international?
TD charges me $50 for like $39000 USD which is = $50000 CAD and more if I go over that.

Is there a bank or credit union that has an unlimited plan for wire transfer or lower cost than $50?
If you are serious about putting that kind of money in, who cares about a 50$ fee? That is below negligable

Even if you sending small amounts, its nothing
Member
Nov 8, 2011
364 posts
91 upvotes
NEPEAN
snowhite445 wrote:
Jan 10th, 2018 10:07 pm
Which bank has the best wire transfer rate outbound to international?
TD charges me $50 for like $39000 USD which is = $50000 CAD and more if I go over that.

Is there a bank or credit union that has an unlimited plan for wire transfer or lower cost than $50?
Really, if you are concerned about $50 on $50k, how are you going to feel about exchange fees, withdrawl fees, etc.?
Jr. Member
Nov 9, 2017
103 posts
4 upvotes
nickwa wrote:
Jan 11th, 2018 7:44 am
Really, if you are concerned about $50 on $50k, how are you going to feel about exchange fees, withdrawl fees, etc.?
It's still money. This counts when you day trade.
Member
Nov 8, 2011
364 posts
91 upvotes
NEPEAN
snowhite445 wrote:
Jan 11th, 2018 9:00 am
It's still money. This counts when you day trade.
I agree but its 0.1%. Trading fees are often 0.1% of each trade (obviously depends on where you will trade) and if you are day-trading, you will be executing (potentially) a bunch of trades in a day.
Member
Nov 9, 2006
254 posts
10 upvotes
brunes wrote:
Jan 10th, 2018 7:30 pm
Just buy all the shares in KODK you can
I thought that was a smart-ass reply, until I looked it up. Thx.
I just put in a market price order to buy KODK when it opens this morning. I'll see if I can still catch the tiger by the tail, or if he's alrdy turned around waiting to eat my $ on the downswing.
Jr. Member
User avatar
Feb 27, 2013
161 posts
73 upvotes
Calgary
ronatola wrote:
Jan 10th, 2018 5:24 pm
Awesome info Jon. Just what I was looking for. I have some $ that I want to put into cryptocurrency, in a couch potato kind of way, and these indexes seem interesting. I will read up on them.
Off-hand, do you know which, if any, are Canadian friendly?
Crypto20 would be the only Canadian friendly one currently, potentially bitwiseinvestments if you're looking for forkout $10k USD+
~Let your actions reflect your desires
Member
Nov 9, 2006
254 posts
10 upvotes
hameljon wrote:
Jan 11th, 2018 10:42 am
Crypto20 would be the only Canadian friendly one currently, potentially bitwiseinvestments if you're looking for forkout $10k USD+
I'm looking to invest $10k+, but am having a heck of a time depositing it anywhere.
I signed up for QuadrigaCX last week and sent in my docs, but no word yet. I signed up for coinbase, but they will only allow VISA deposits of only $250/week.
Any suggestions on how to deposit somewhere quicker?
Jr. Member
User avatar
Feb 27, 2013
161 posts
73 upvotes
Calgary
ronatola wrote:
Jan 11th, 2018 11:07 am
I'm looking to invest $10k+, but am having a heck of a time depositing it anywhere.
I signed up for QuadrigaCX last week and sent in my docs, but no word yet. I signed up for coinbase, but they will only allow VISA deposits of only $250/week.
Any suggestions on how to deposit somewhere quicker?
Looks like Bitwise is only $25KUSD + must be a USD Accredited investor, so scratch that. Just hang tight, QuadrigaCX is backlogged right now but it'll come through, a few days in the grand scheme of things isn't a big deal.
~Let your actions reflect your desires
Penalty Box
User avatar
Apr 20, 2011
1636 posts
165 upvotes
Video explaining how the trading of alt coins work:


"I'm going to need that TPS report... alllllrightttt?"Smiling Face With Sunglasses
Sr. Member
Jul 31, 2017
794 posts
211 upvotes
nickwa wrote:
Jan 11th, 2018 7:44 am
Really, if you are concerned about $50 on $50k, how are you going to feel about exchange fees, withdrawl fees, etc.?
Or the Capital Gains Tax. ;)
[OP]
Deal Addict
Jun 20, 2011
1692 posts
555 upvotes
VANCOUVER
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