Courtesy of Cointelegraph
Since 'staking' and earning interest hit the crypto world, I got interested and experimented at first, getting more involved later. With me, that started with Kraken and the coin, Tezos, XTZ, when it was below $2 USD, trading today at $6.50. That worked out great plus the interest earned on top.
Most sites like Kraken, look for this potential to keep customers engaged but where it's an unpredictable market, like stocks ... that doesn't always happen and a coin/token could drop, not recovering so interest gained is for not. But, that's all part of investing ... risk taking.
I added Nexo later and very pleased with their 'earning interest' plan as well, recently adding 'free' crypto trading on a range of pairs, including their coin, NEXO, which is approaching $3 USD at this time ($2.90 currently).
A few days ago , I added StakeCube ... an interesting site where after registering and adding the required 2 factor authenticate for security, my funded wallet with 'coin' is 'auto' added to a pool earning interest daily. So far, so good as I watch the progress.
MetaMask... what I call a Browser Extension 'Wallet' with the icon sitting next to my address bar in google chrome added 'swaps' for some popular crypto coins/tokens. I updated when that started and read about some initial kinks but for the most part, they have been ironed out. Fees for 'Swaps' are 0.875% while Coinbase is 2% in comparison.
Here is a link to how much the 'Swap' is now being used on MetaMask ...
What's the difference between a 'Swap' and a 'Trade'?
A 'Swap' is pretty well an instant convert from one crypto to another at the set fee. A 'Trade' isn't always instant and depends on whether using the Market, Limit or Stop-Loss options and there are 'Maker and Taker' fees when you 'Buy' and 'Sell'.
While the rest of Canada is in what they call the 3rd or even 4th wave of the Covid-19 mainly due to it's variants that spread faster, we here in Nova Scotia are opening businesses to 100% capacity. I'm thinking that's too early as the Atlantic Bubble is set to open again with 'quarantine free' travel between the 4 Atlantic provinces.
Not hard to see the majority of our daily cases are due to travel as variants sneak in as well. See how that plays out in the coming months while Ontario is in full lockdown for a month. Hopefully, we can keep on top of it as we continue to wait for more vaccines to come in here.
Being Friday, or TGIF for a lot of folks working the 9-5 job, it will be interesting to see if Bitcoin and Ether take another run up in price this weekend. Kind of a trend the last few months.
Bitcoin is getting more play on national financial news as the months go by while more big name companies and individuals get involved. I recall mentioning Bitcoin to my Bank Rep a couple years back getting a questioning look back when talking about investing. The Banks stance was never heard of it but I'm sure they did. They know about it now though.
The weather is warming up being April, creeping into the low teens for a few days of the week as summer approaches.
This is the 2nd Easter folks are advised to keep their distance and keep gatherings down to a minimum but all we can do is make the most of it while others ignore any advise on distancing and the wearing of the mask.
Elon Musk and his electric 'self-driving' car, Tesla is getting stiff competition now from other automakers after he set the groundwork. New, is hydrogen fueled cells becoming more popular as the company, Ballard got a contract to retrofit our trains here in Canada. Electric vans for commercial use suddenly exploded on the scene as well. A tad scary I think is 'self driving' tractor trailers being bought by companies now like Walmart but over time, they will become 2nd nature probably. Taking the human factor out of it where drivers can only operate a rig for so many hours before stopping to rest or have a 2nd driver take over.
Meanwhile, Elon Musk continues to influence the crypto market, concentrating on the Dogecoin, DOGE these days ... now worth 5 cents, something like a penny stock from 0.004 cents on January 1st of this year after it being created from a whim with little value.
Most investors probably think of it as a joke but being a 'mover and shaker', a lot also do Trades with possible money to be made when he ramps it up on social media about crypto. Surprised there's not a 'Bunnycoin' on the go yet. Or is there?
It's the long Easter weekend and a rainy one here on the East Coast with rain starting last Thursday and continuing until at least next Tuesday so far.
Listening to my fav DJ's on the road, they talked about what's different about this year from 2020, which most want to forget. Ummm ... not much was the agreement as the covid variants now take root in Canada while sporadic vaccine shipments come in. Lockdowns, the Masking it up and stick with the social distancing.
For me, I'd have to say no Trump in the news every single day or multiple times per day although one can just tune all that out but I like to keep up with what's going in the world and with finances ... stocks and crypto related.
As Bitcoin took another run up in price leading into this weekend, Ether made history topping 2 grand USD in price and upwards of $2150 USD so far today, spurred by no doubt ... the giant, Visa making some transactions on the Ether blockchain recently. Also, with some heavyweight crypto investors weighing in with positive comments on social media about Ether.
In yesterday's post, I got into Ethereum and one of the top crypto news today is about Visa and using the Ethereum blockchain to process a stablecoin payment ... USDC
United States dollar coin, or USDC, is a stablecoin pegged 1-to-1 with the dollar. It is the second-largest stablecoin with an $11 billion capitalization.
“Crypto-native fintechs want partners [that] understand their business and the complexities of digital currency form factors,” Visa Chief Product Officer Jack Forestell said in the press release. “The announcement today marks a major milestone in our ability to address the needs of fintechs managing their business in a stablecoin or cryptocurrency, and it’s really an extension of what we do every day, securely facilitating payments in all different currencies all across the world.”
Overall, good news for the crypto world as mega rich established companies begin experimenting and using 'coins'.
PayPal will also start allowing use of buying products on their Merchant lineup with crypto for US residents ... no transaction fees as a bonus.
I assume all this has further boosted the price of Bitcoin since yesterday.
Meanwhile, Canadian securities regulators are cracking down and making a move to have all 'un-registered' crypto exchangers in Canada register their business/service with them. First registering for a temporary license while formal applications are processed.
Ethereum made a nice come back since down around $1550 USD last week, up to $1828 as of this posting. Nice gains to be made for Ether Traders with patience. Ethereum is the current backbone for the De-Fi sector, with sites on it's smart contracts but fees for entering and exiting are crazy so mostly Whales and Wanna-Be-Whales are playing plus those that are just leaving their coins in plans for interest growth with no intention of withdrawing for awhile.
There are competitors to Ether that are entering this crypto space and those that make some noise will no doubt gain in price as well over time or rapidly ... being crypto and volatile.
Overall, since last year when De-Fi flared up and billions of invested dollars later ... it's hard to believe that interest rates like 5% APY for example (which is low in comparison to other rates and the associated coins/tokens) are now common place. That's calculated daily on principal and added 'daily', not monthly like the Banks by the way. Factor in 'compounding' on a daily basis.
Meanwhile, the ways to earn 'coin' in the crypto world grow steady and I prefer the 'lowest fee' possible to do that to 'no fee' for moving crypto.
It's tax time and Canada's government arm for Tax is taking a page out of the IRS's playbook with the US to direct exchanges to notify of crypto accounts worth over 20 grand and I'm sure folks holding such accounts will get future letters directing them about tax collection.
Coinsquare’s final bargain will compel the crypto exchange to hand over at year’s end exhaustive data on accounts that held C$20,000 in crypto from 2014-2020 or cumulatively in their history, as well as the 16,500 largest accounts from each year.
No doubt, that will be included in future Tax packages as well and online Tax software about their new crypto rules
Nova Scotia is known for it's famous schooner, Bluenose ... launched 100 years ago today in Lunenburg.
The Bluenose was designed for fishing, but also as a racing vessel.
Canada lost the first International Fisherman's Cup race in 1920 and shortly after planning began to build a ship that could win. Soon, the best designer, shipbuilders and captain were all recruited.
"In the International Fishermen's Cup races from 1921 to 1938, Bluenose never lost a race series," he said. "She always won the series and therefore was undefeated. It was a time in our country when there was a huge celebration around beating our friends to the south, the Americans, in these races."
The 'Bears' or 'Sellers' have shifted the balance and sending the price of Bitcoin down for now and tomorrow, millions of dollars worth of 'Bitcoin Futures' expire so hopefully that doesn't add to the downfall in price too much. Once over that hump tomorrow, I expect things to improve once again and April is usually a strong month for Bitcoin and the Altcoins that follow on it's tail wind.
For crypto and stock enthusiasts like myself, I've been keeping an eye on the Coinbase moves and the crypto company, out of the US is now planning for an April splash onto the stock market scene with the latest below. The fine mentioned was a former employee doing some underhanded stuff so the payment is a settlement for all that. Even the top banks get in trouble now and then stepping over the line with the controlled Market rules.
No reason was given for the delay, but Bloomberg noted the U.S. Securities and Exchange Commission (SEC) has been reviewing the San Francisco-based exchange's plan for a direct listing.
Coinbase formally announced its plans to go public on the Nasdaq in January and this past week registered for as many as 114.9 million shares to be traded.
Coinbase Class A shares will debut on the Nasdaq Global Select Market under the ticker "COIN."
Yesterday, it was announced Coinbase will pay $6.5 million in a settlement with the Commodity Futures Trading Commission (CFTC) over allegations the exchange “self-traded” digital assets between 2015 and 2018.
Coinbase also listed the coin Cardano, ADA and has been trading over a $1 recently and I'm watching that one as well.
Cardano has developed a blockchain of it's own and it's all about innovation ... run faster, cheaper than the others and attract users. ADA is now ranked 5th in overall Market Cap.
It's the first day of Spring and the weekend where I see Bitcoin stirring once again ....moving up from the mid 50 grand USD range. Yesterday, being the last day of winter, we had a fast moving snow storm move through. Looks like a warming trend for the next few days here in Nova Scotia and the East Coast of Canada.
Newfoundland has had no new cases lately and the Atlantic Provinces have been having low counts lately so looks like next month, the Atlantic Bubble will reopen for travel between the 4 provinces without quarantine required. I assume that is long as cases don't flare up again while the slow rollout of vaccines continues by age groups.
Some International Banks, like the Deutsche Bank and popular financial folk here in Canada and around the world have come around to saying Bitcoin is too important to ignore now after waving it aside before calling it a nothing coin. Times have changed. Billions of dollars invested turns heads.
As 'Do-it-Yourself" investors grow in numbers some are saying many are living within a 'bubble' themselves chasing growth that's ahead of what's actually going behind the scenes with the economy and business in general. When things go to good and stock prices are ahead of what companies actually make, probably some kind of correction is coming at some point but I don't think it will last long when compared to the lows of March/2020 in Canada and the 'quicker than expected' recovery that followed.
The crypto world is a bird of a different feather as the wicked swings in Bitcoin price has become a normal thing. The Bulls will drive up the price and then profit taking happens like over the weekend. Over $60 grand USD and then a pullback with mostly profit taking to around 55 grand ... setting the stage for another Bull fest at some point to go beyond the current price record set on Saturday.
Usually a good time to buy or trade for Bitcoin where it seems to be settled at it's low price for now but like always ... highly unpredictable
While here in Canada, where the Feds arrange for more than a million doses of various vaccines per week towards the end of March, there remains uncertainty here in Nova Scotia along with other provinces awaiting a steady flow to get the populations vaccinated. The wait continues.
Along with the weekend trend for boosting some cryptos, Bitcoin broke a new record yesterday, breaching the 60 grand USD level as more big money players and institutions come on board.
Warmer weather is heading our way on the east coast after a week and a half of a constant cold wind flow. Soon time to prep the BBQ as spring approaches.
The latest development from the Ethereum camp is worth talking about. In a meet in Berlin the latest proposals were tabled and voted on called EIP 1559. There have been others in different cities with decisions on how Ether should go forward.
Most interesting out of EIP 1559, which will be enable soon ... is the 'Burning' of Ether coins/tokens. I'm sure there will be more news on that when it rolls out but basically ... currently Ether has an unlimited supply of coins unlike Bitcoin, which is a fixed amount and one of the reasons it has climbed in price recently.
What's to come ... Ether will 'Burn' coins resulting in less on the Market over time, which should boost the price of Ether as well. If it plays out like that, it will result in more gains for Ether 'Hodlers' (crypto term for holding for the long term) and Traders in the future.
I was just a Bitcoin guy up to last year when I began to stock up on Ether and other coins I felt had potential while I continue to do so.
What's so important about Ether? ... it's what the building De-Fi market is built on with billions involved where folks can earn interest and loan crypto/fiat.
Many a crypto holder or investor watch the prices of their fav cons/tokens daily to see what is happening with the overall Bulls vs. Bears constant 'tug of war thing' going on while briefly getting into a neutral area where it's about 'indecision'. That will eventually lead to the Bulls doing more buying or more selling by the Bears to take gains or just move the coins to avoid a possible loss.
This happens multiple times a day but stronger movements in either direction, up or down, not so often. So, when Bitcoin suddenly begins to spike once again, Crypto holders and Traders take notice.
Yesterday, the Bulls started strong and boosted the price of Bitcoin. The coins I'm interested in such as Ether, Litecoin, Nexo to name a few, also started to edge up. Looking good where I aim to buy low and sell higher or ... at a price I decided to sell at when I bought. That could happen quickly, daily or over a few days before the price I want is met.
Although a higher price is a good thing, I wait for the eventual dip to buy lower and repeat my Trades for another eventual gain.
What's the difference between a De-Fi product on top of a Ethereum built contract and a Bank's high interest savings account? That's summed with ... a lot of difference.
A Banks interest is based on a yearly percentage, factored on daily balances, added monthly, averaging around 0.10% depending on the Bank. Certainly a safe place to store cash.
De-Fi's for the most part have APY interest rates with a yearly rate but added 'daily' and much higher interest on the tokens/coins they host ... upwards of 50%. That makes them very attractive for those involved. But, moving funds in and out comes at a cost with high fees called Ether Gas and they rise with more activity such as currently.
Unless a person is willing to leave their funds/coin/token in a De-Fi for an extended time and wait for Ether Gas fees to come down and ... come out with a nice gain overall, it ends up to be a losing affair once Ether Gas fees are subtracted from a principal + gain with a minus gross total.
It all depends on the amount of funds added. Higher amounts with a high interest rate added over time can come way ahead of Ether Gas fees when sizing all that up before entering,
For me ... those high Ether Gas fees go against my grain where I'm into stocks as well with the changing world of low fees and seeking even lower where possible.
However, there are De-Fi 'like' sites that are not built on Ether contracts with Ether Gas fees so these are worth looking into and deciding if doable such as Nexo.
March came in like a lion here on the East Coast with a bitter cold northerly wind persisting for 2 days sending temps down as far as -26 C but getting better as a few sunny days ahead are forecast with more bearable temps, slowly getting mild again. No snow so far however except some light dusting.
I went through Covid-19 testing as a precaution. Rapid test which is a quick swabbing inside each nostril and know the results in about an hour ... result was negative. And the normal more uncomfortable test where the long swab goes deep into the nasal cavity and sits for 5 seconds.
The 'Rapid Test' is what Airlines want to be standard for now before flying but unsure if that's taking place in every airport. The major airlines, such as Air Canada and Westjet continue to wait for a Federal Government aid package as they continue to layoff and downsize until the pandemic eases and a sign that travel is picking up once again. In Comparison, the US has given airlines billions in pandemic packages.
Bitcoin is hovering around 50 grand USD these days while the Altcoins bounce around with some of them making higher gains then their past history as crypto investors hunt for gains.
There is a building trend with the stock market as more and more individual investors go at it solo with a 'do it yourself' approach, such as myself. There are multiple Blogs, chat groups and unlimited material to 'learn up' that can make your head spin until digested but like everything ... it takes 'experiencing it' while continually reading up on the basics to becoming a seasoned investor.
I wonder why they call crypto ... volatile? Bitcoin is making some wicked swings lately with upwards of a grand at a time is common once again ... that could be the reason. I'm being sarcastic about the 'volatile' thing but keen Traders are making some nice gains watching that game of buy low, sell high. Where's it's a 24/7 Market place, one can easily miss the opportunity to sell at the price they were seeking before it fell once again, taking a partial gain.
Good to see two outfits I joined awhile back making it big. Coinbase, valued over a 100 billion, is going public soon on the Nasdaq exchange.
Kraken, where I do my crypto 'pair trading' is valued around 10 billion and climbing.
Overall, starting this week, both the stock and crypto markets are tanking going into March. See how they will react over the next few days.
With hits to my wallet, there are a couple things I don't want to see ... as oil prices have recovered some, gas prices are climbing steady here and there's talk of inflation climbing, as if prices aren't high enough ... eh.
Fixed Mortgage rates are now inching up by the Big Banks and steady Rent increases are a big problem in this east coast city. As always, absorb and carry on while stretching that dollar only goes so far.
I see some provinces are now getting gearing up with time frames to vaccine the age groups starting with the elderly and down. No news about that here yet in the Atlantic Provinces.
The last couple days have seen 'spring like' midday weather... mild but cooling down towards evening. Makes you think of travel but ain't happening for awhile yet. More than likely inter-provincial holidays again this year unless things with the virus improve rapidly
Bitcoin and Ether have been bouncing around but moving up again today so far. Getting more influenced by day to day moves according to the news at the time ... some don't even make sense but that's the Markets.
I Traded for Ether at about it's bottom level after a fall earlier in the week... It's up about $200 from there and suspect it will climb further later. Lots of articles about that now ... 'buying the dip'.
The Bitcoin bubble continues to inflate after roaring by 50 grand, approaching 60 grand. The 'Crypto Bulls' are definitely in charge for now but where I'm in the 'buy low, sell high' mindset, I just watch as my Bitcoin Wallet increases.
Ether follows in tandem breaking record highs as well.
Overall, the underlying issue I find is transaction fees, which are out there like Pluto. Way too high for my liking and with Ether in the De-Fi sector ... the Ether 'Gas' fees are like a 747 jumbo jet taking off, burning jet fuel at the rate of tossing 45 gallon drums of fuel out as fast as a couple guys can toss them. Again, too high for me to play in those that have the Ether Gas fee.
I continue to watch the crypto scene with no predictions although there are a lot tossed out in the media daily about Bitcoin ... either going a lot higher yet or the bubble popping and coming back for the next run up.
The big news in crypto land yesterday was the breaching of the 50 grand USD level with Bitcoin. Big money, or Whales as they call them ... are in and out with Trades of millions of dollars. BTC did fall back after that record breaking high with profit taking yesterday but surging again so far today.
Where there's huge amounts of money being passed around, some large financial outfits take notice and there was news of that yesterday ... setting aside funds to setting up a crypto wing of their operations.
Depending on what crypto exchange used ... fees have gone through the roof which usually happens with more than usual blockchain activity. During these times, I wait for things to calm down and fees to settle back while Miners, who control these fees fatten their crypto Wallets.
Eventually, when these Miners sell their crypto for what ever reason like paying for expenses, profit taking, etc., it brings down the price of Bitcoin some. (record setting rewards for them lately ... in the millions recently).
Meanwhile, I'll sit back and watch my Bitcoin and Ether Wallets build for now. I remember back in 2017 with the last big bull run to 20 grand, I was anxious to sell some of my Bitcoin and weighing the outrageous fees, at one point ... 50% of what I wanted to move. These days I wait until fees are somewhat normal.
Happy Valentines Day
Looks like a further slowdown in getting the general population the vaccine to combat the covid-19 and variants, which Is hitting Newfoundland with the UK variant causing a sudden surge in cases this past week. The Feds are taking about half our supply to route it up to northern Canada. Currently here, the retirement homes and staff are receiving the vaccine. Then it will be given in age groups outside of that.
I can only think this will push back our initial 'things getting better' target to the fall or later of this year. An initial time frame was 2 years from the onset.
Stock and Crypto Markets are upbeat in February so far depending on the sector.
Oil prices have climbed to around $60 a barrel, which is good for the economy. Not so good for me and the hurting airlines ... paying more at the pumps.
As I mentioned on my 'crypto ventures' page ... the first crypto related ETF has been approved and that's from Canada's Purpose Investments called Purpose Bitcoin ETF. Since funding will be coming to the ETF via CAD or it's USD version ... these monies will be buying Bitcoin within. It will be interesting to see how it performs where buyers want growth.
In this shortened season in the NHL, The Canadian teams only play amongst themselves in the North division and the Toronto Maple Leafs are on top currently, beating Montreal last night. Certainly not the same where the fans in the building make the game but entertaining none the less.
Reddit is steady in the news these days, the online forum and chat site. Pretty well doubled it's worth as folks join more than ever with the recent 'Pump' goings on. The word is, the popular WallStreetBets forum focused on Pot stocks early in the week and a couple weed companies saw increases in price. This came as Pot ETF's climbed recently with the US slowly "possibly' moving toward Canada's legalizing of marijuana, More on a State by State thing.
I don't see anything wrong with that as they are following the trends but still investors should be aware of the risks because Pot stocks have a history of glory one day and falling into a mine shaft the next, Seen all that as the pot companies opened here in Canada when the Feds were gearing up to legalize it.
Bitcoin and several Altcoins plus Ether have and will continue to test new highs and new lows, or bottoms as the big money focuses on the crypto scene. Folks just holding Bitcoin and Ether in their crypto Wallets make money these days watching the action when they feel like it, while some crypto Traders go without enough sleep 24/7 following their trades.
Sailors know all about Nor' Easters and the punch they can bring with high winds and big seas. This is the second one that hit the East Coast within a week. The first, last Tuesday brought more rain in one day than all of February since stats have been taken in Nova Scotia.
Last night's was all snow so hopefully that's the last Nor' Easter for awhile although weather patterns tend to repeat for a few weeks at a time.
Elon Musk is in the news again where his operation bought over a billion dollars worth of Bitcoin and will probably accept Bitcoin for his electric car business in the future, called Tesla. Didn't take long for Bitcoin to move up over 40 grand with that news.
Lots of new stories about how volatile the BTC is but that's what it makes it interesting ... far from boring for sure. Then, with some there's the decision to keep the Bitcoin on hand for further growth or syphon some off to a Bank account or another coin/venture during these upswings.
Over the past months, there is a trend where Bitcoin begins to move up in price heading into the weekend unless there's some price action issue like last weekend with the 'Pump impact' news I mentioned and apart from that ... Bitcoin 'Bulls' continue this weekend. Weekend crypto traders on the job during the week or a habitual pattern? Who knows.
Meanwhile, Ether continues to break new records as it climbs in price between the highs and lows of normal trading. Not to miss out, I've been converting some coin to Ether for the gains.
With Nexo, a pleasant surprise with the Nexo Coin I own... moved up over a dollar to $1.54 USD each yesterday ... from the last time I seen it at half that price.
Also in Nexo news, beside their 'interest paying' feature I use, they have added an Exchange service with no fees involving 75 pairs. I'll check that out and I'll update about this new option where less fees results in more gains when trading or swapping.
In the battle against the covid-19 and now it's variants taking hold in Canada, an equal amount of focus is on the vaccine and it's supply. Certainly the 'big squeeze' is on Canada as the UK, China and the US, among other countries horde the vaccine distributions. Meanwhile, Canada is working on setting up a distribution plant in Montreal but that will take a while, like months.
In Nova Scotia, for example there is more vaccine coming at the end of the week as the current supply is low.
It looks like the crypto scene is getting back to normal but ever evolving after the crazy pump and dump spurred by chat groups from last week. Some made some money and others lost big, a reason to bypass these 'pump' sites. The price of what ever is pumped ... will eventually fall back to it's normal trading price or lower at times, as fear sets in.
The same goes for the stock market as retail investors went up against Wall Street to prove a point more than anything but reality eventually sets in ... for now. Wall Street have billions behind them while retail investors (DIY Investors, etc) are at home on their computers risking big money at times with the 'pumps' in a concentrated effort to boost prices.
But, that's just me while many like the community feel and the excitement of the risk play.
Every year brings something new and in the stock world, there are a lot of angles and approaches to try and gain from the Markets while multiple factors 'weigh' and influence on a daily basis.
What's gaining strength in manipulation and what I call 'the pump' are social media sites where a person or group create a following to either pour money into a stock or crypto-coin to a point of over-valued or what I call a bubble that usually pops at some point. All I can say is buyer beware of the consequences if involved in these.
It all comes down to the age old scenario where I person hears about a great 'winner' stock from family, friend or coworker and sinks funds into it only to lose a bundle most of the time. However, these 'pump the stock' sites have a sell point so one needs to stay tuned in or either trade for less or lose money. For example, the popular US 'no fee' Trading site, Robinhood recently stopped 'selling' of a pumped stock but allowed more buying. I can imagine what that feels like ... want to sell to regain my principal and gains but blocked for now, which bring on stress plus.
Now the US SEC is involved watching all this and investigating ... trouble for some is coming I'm sure. It's all about bucking the normal system of doing things and that 'fear of missing out' thing with those involved but the ' law' eventually clamps down on it.
This is different with the news yesterday ... CHARLOTTETOWN -- A lozenge plant in Prince Edward Island has laid off 30 workers, citing an "almost non-existent" cold and cough season amid COVID-19 restrictions.
I always a pack of cough and cold stuff on hand plus pills but so far, knock on wood, still in the drawer where I guess wearing the mask constantly and cuts down on sucking in the bitter cold air at times.
Meanwhile more vaccines are due to arrive next month for Canada after a slowdown in shipments. We'll probably be seeing covid-19 in the news until years end at this pace.
I've been reading about crypto transactions that don't show up. One has to be careful of what they are getting into like different exchangers than their 'home' exchanger/wallet provider. This usually happens when crypto gain seekers look for certain coins/altcoins in other exchangers/smart contracts that are on the move up in price or seeking an interest rate but not available in their 'home' exchanger.
Double check any rules and warnings about sending crypto to and from sites and if not comfortable ... just don't do it. Better to keep the crypto/fiat 'home' than the funds ending up floating around in some blockchain forever like spacejunk when seeking gains elsewhere.
There should be assistance and a method to recoup when this happens but unfortunately, in the majority of cases, there is not.
Years back, Bitcoin and Altcoins in general ... rarely or didn't react to stock market indexes, gold price, politics or government influence.
These days, pretty well all the above have at times and will probably increase as 'influencers' with more to come. The latest 'here say' is about new President Biden 'perhaps' introducing new laws on Bitcoin that could limit it's price and other government departments reigning the crypto market even more.
However, none of that is concrete but floating around to make crypto enthusiasts aware I assume. One should never bet the farm on crypto or stocks unless you have additional funds you can put in these risky markets.
Looks like Canada has to slow up for now on the Vaccine rollout where supply due to the latest news ...
"Canada is scaling back its COVID-19 vaccination efforts because of a looming shortage of shots, with some provinces ordering a halt to nearly all first-dose appointments outside of the country’s hard-hit seniors’ facilities.
Provincial governments, hospital executives and local public-health officials spent the weekend scrambling to ration doses after vaccine-maker Pfizer-BioNTech announced on Friday that it would halve shipments to Canada in late January and the first three weeks of February while the company expands a manufacturing plant in Belgium.
The news threw a wrench into vaccination plans across the country."
In the Stock Market, there are always daily shifts with the news of the day and portray a general snapshot of the fear (sell) or 'more buying' mood with investors. Long term investors should ignore all that if they want to stay on course with their DIY (Do It Yourself) plans for the future.
However, short term traders generally keep on top of the daily scuttlebutt, however crazy and 'makes no sense' stuff at times but ... it generally moves the market place on a daily basis.
Bitcoin is slowly moving off it's holding pattern the last couple of days and Altcoins are reacting to BTC where Bitcoin is the main .. how do you call it ... 'mover and shaker' in that world.
De-Fi coins are moving up in price I see, as interest in that sector has suddenly flared up again. For example; COMP or Compound: within a week from $178 to a high of $234 USD.
On a personal level, I've been watching Litecoin lately (LTC) and been trading the LTC/USD pair. It's making that roller coaster pattern I prefer.