Anyone end up investing in Bitcoins?


#1001

This really isn’t for you

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If your plan wasn’t long term hold you should have pulled profits out at various points


#1002

Coinsquare is making moves. If they have good governance, which they likely do, then this is good for crypto and probably a good investment as well.

Cannaccord has been the largest financier to the legal weed industry as well.

Coinsquare, one of Canada’s biggest digital currency exchanges, is targeting about C$150 million ($120 million) in an initial public offering in September to help finance an overseas expansion.

“The United States and the U.K. market are next,” Coinsquare Chief Executive Officer Cole Diamond said in an interview Tuesday, adding he expects to be operating in those markets in the second quarter. “We believe that we will be a strong competitor to Coinbase and other exchanges in the U.S. by the end of the year.”

Coinsquare plans to sell shares through an IPO on the main Toronto Stock Exchange, in contrast to several crypto companies which have used a shortcut to list on Canada’s junior TSX Venture Exchange in recent months via reverse takeovers. RTOs, as they’re known, don’t require a full securities commission review or the weighty prospectuses that are the hallmark of IPOs. The easy listing rules, however, have also opened the door to stock promotion, murky disclosures and spectacular volatility.

Asked if Coinsquare was considering the RTO route, which is faster and cheaper than an IPO, Diamond said, “Hell no.”

“We believe that there are a tremendous amount of low-quality deals going public,” said Diamond, who was speaking at a Canaccord blockchain conference in Vancouver.

Read More on Canada’s Wild West Exchanges

Crypto exchanges have earned a bad reputation, and the best way for Coinsquare to convince investors that it’s transparent and trustworthy is to go through an IPO with its stricter disclosure requirements, he said.

“We’re racing, but racing to do it right,” he said. “We’re going to take the old-school route as an IPO to the Toronto Stock Exchange.”

The Toronto-based crypto exchange also plans to offer Ripple, one of 2017’s best-performing cryptocurrencies, starting in February on its platform and “will be launching one digital currency per month for the foreseeable future,” Diamond said. At present, it supports trading of Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dogecoin, Dash and Squarecoin.

Competition among crypto exchanges is surging amid a rush of investors into the market, drawn by the dizzying gains of digital currencies like Bitcoin. Yet the sector also has been marred by disruptions, delays and hacks, including Mt. Gox, which filed for bankruptcy in 2014 after losing hundreds of thousands of its clients’ Bitcoins.

Coinsquare stores 98 percent of its assets in so-called cold storage – offline servers to prevent theft, Diamond said.

Separately, the company is raising C$50 million in a financing led by Canaccord Genuity Group Inc. and Cormark Securities Inc. in a deal that’s set to close on Feb. 7. The exchange has 100,000 verified users, which it expects to surge fivefold by the end of the year.


#1003

I may start doing that. I should have said “I wish I would have cashed out to buy back in”. IOTA thought I just don’t feel secure with it, if I can ever get it off my damn wallet I’ll get more XRP.


#1004

CME Contract expires tomorrow 10AM. Not sure what will happen. If BTC drops, I’m hoping Ether goes up and I will exchange for more BTC.


#1005

Nobody talking about dat Robin Hood free crypto trading announcement?


#1006

Oh boy… My first thought is this will make access easier for a lot of uninformed people.


#1007

Same thought here, but many of the crypto participants are already uninformed gamblers anyhow. I like this thread because most people are doing a % contribution or mining and openly stating “don’t bet with money you can’t afford to lose”. The message here is pretty responsible, which I respect. :slight_smile:


#1008

I’m bulking up my XRP.


#1009

God damn a blood bath! We got some tether drama going on. If tether collapses I wonder what that will mean for crypto as a whole since Bitfinex and Binance both use it.

South Korean regulations started yesterday, and that’s a good thing.


#1010

It’s January, this_is_fine.gif


#1011

If patterns remain the same and we truly go into a bullish market come end of chinese new year, next december i’m selling everything and buying back in january. According to the charts this has happened since 2014 every year.


#1012

India officially bans crypto. Market crashes even further. If I get close to my initial investment there’s no reason not to pull out before starting to lose money.

EDIT: I see different threads on reddit that it isn’t banned, but is illegal. Ok LoL


#1013

<<<<Meanwhile throwing some more money at it.

How do you ban bitcoin but then state the goverment will continue to research blockchain to usher in a digital economy?
India=first country with ICO lol

This brings up a great question…does the dollar ever become a blockchain currency? Or does it get replaced by one and which one?


#1014

Remember last month when you were rich :funny2:


#1015

I’m starting to lose some money today. No big deal though because it was speculation to begin with.

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#1016

I’m still up but only 44% and only because I made some real lucky buys on LTC and TRX at just the right time. Nothing like the 400% I was up at one point.


#1017

FML!!!

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THe only thing really keeping my portfolio together is ripple and ethereum. I’m debating selling some ethereum for some bitcoin, but I have no idea how far this bitch is gonna go.


#1018

I’m selling my coins and letting the dip fall further to buy back in, let’s see if I can beat the market. LoL if I don’t well then I guess I’m just fucked


#1019

you can always throw $ some into sportbet, most companies give 100% bonus on first deposit. i put in couple hundred into coins for shit n giggle, and got up to $1000, then transferred majority out right before the nfl playoff, glad i did because that was at its peak.


#1020

i’m not even paying attention anymore.

wake me up in 3 years