I need to make a template for this kind of story because it keeps happening over and over again. Bitcoin is taking a dump because of rumours of a crackdown in China. To be specific, supposedly the Shanghai offices of Binance, one of the largest cryptocurrency exchanges in the world were raided by the police on Thursday. Leading… Read More »
My high school was so rough, it shut down two years after I graduated. I saw fistfights in the hallways at least once every two weeks. The hockey team was banned from the school league for an epic brawl that made the pages of the Ottawa Citizen newspaper. Despite being an excellent chess player and a master of… Read More »
Behold the falling knife: This a five-year chart of the Toronto Stock Venture Exchange. The index hit 542 on Friday. It hasn’t been that low since early January 2019, when it was 530. The only time the TSX has been below 500 was January 2016. Note both times the index recovered very quickly, rising 20% in less than… Read More »
This morning I sold off the last of my bitcoin mining stocks. As far as crypto goes, I own a lot of bitcoin, some shares of Overstock and some shares of Galaxy. I would like to say I sold because I knew bitcoin was going to dump down to $8200 from $9500 this afternoon but I’m not that… Read More »
I bought Overstock (OSTK-NASDAQ) a few weeks ago on the news that Patrick Byrne resigned as CEO. In the short time I have owned it, it’s been the most entertaining stock to watch in my portfolio (and considering I am a crypto guy, that is saying something). In one month, it’s gone from $18 down to $15 then up to $30 and… Read More »
It’s a short letter this week as I am about to hop on a nine-hour-long flight from London, UK to Vancouver, Canada. I spent most of this week in London attending a financial marketing summit. The conference was held at the British Museum but I thought the most impressive structure that I saw sightseeing was the Royal Courts,… Read More »
