Bitcoin: The Perfect Set Up

October 30, 2021

Today we could discuss the crazy Ponzi scheme that is Tesla (which in hindsight I wish I had bought) but instead, we will return to our favourite crypto: Bitcoin. As a reminder, Bitcoin is up around 117% year to date, which is kinda what we want our investments to do each year, right?  It tends […]

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Last Chance to get on the Bitcoin Train?

October 23, 2021

There is no such thing as a “last chance” with Bitcoin.  It goes up, and down, then up again.  Here’s what we know for sure: Bitcoin made an all-time high of just under $64,000 on April 14, 2021 Bitcoin then collapsed 56% over the next 69 days, trading down to under $29,000 on June 22, […]

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First U.S. Bitcoin ETF: Scam and Opportunity

October 16, 2021

As I write this on Saturday morning, October 16, 2021, it appears that the first U.S. Bitcoin ETF will begin trading in the next few days.  The ProShares Trust will be the issuer.  Of course, Canada already has crypto exchange-traded funds, including QBTC and QETH from 3iQ, and the Purpose Bitcoin ETF, so it’s nice […]

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Happy Thanksgiving (and some thoughts on Bitcoin)

October 9, 2021

Bitcoin dropped 56% in 69 days between April 14 and June 22. So, if you bought Bitcoin at the peak on April 14, you are down 15% as of today. But Bitcoin has bounced back up 39% in the last 17 days.  What does that tell us?  Bitcoin is volatile. Since January 1 Bitcoin is […]

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SPY Failure, Bitcoin Winner

October 2, 2021

S&P 500 Two weeks ago I presented my Dubious Speculation on the S&P 500 Index.  I said that it appears to bottom around the 17th of the month, and then go on to new highs.  The strategy was simple: buy at the lows, sell at the highs. As you can see from the updated chart, […]

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Dubious Speculation: The Result

September 25, 2021

Last week I presented my dubious speculation on how the market would play out.  Specifically, I showed this chart: I said: I have marked on the chart the low points for the month, which occurred on May 19, June 18, July 19, August 19, and September 17 (presumably because September 19 is a Sunday).  If […]

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Dubious Speculation

September 18, 2021

Before we get to some dubious speculation, a comment about the market in general: Kinda manipulated, eh? I have marked on the chart the low points for the month, which occurred on May 19, June 18, July 19, August 19, and September 17 (presumably because September 19 is a Sunday).  If the last four months […]

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Uranium and Bitcoin

September 11, 2021

I haven’t mentioned the word “uranium” on this website in over 10 years.  A decade.  I lost spoke of uranium in my post on March 14, 2011: Cameco: Why I Started Buying Uranium Stocks Today.  (As a side note, it’s surprising that I have recorded my thoughts for well over 10 years).  What’s changed over […]

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The Fight for $50,000

September 4, 2021

As I write this, just before 8:00 am on Saturday morning, September 4, Bitcoin is trading around $50,000 USD. Looking back to the start of the year, there is a clear area of support and resistance in the $46,000 to $52,000 range, which leads to the obvious question: which way will Bitcoin break?  On March […]

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Lots of Bitcoin Charts

August 28, 2021

The general stock market keeps hitting new highs, which is nice, so hopefully you have most of your money in stocks that are going up.  For example, I own ZEB.TO, a fund that holds the six largest Canadian banks, and it’s done great, and pays a dividend, but there’s not much to say about that, […]

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