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Any of you guys into Alt coins here?  What's the best way to buy them for us Canadians? 

 

Just signed up to Quadriga waiting to get verified..   have some interest in some alt coins and was just curious to see which avenue some of you guys take to purchase.

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40 minutes ago, CanuckGAME said:

Any of you guys into Alt coins here?  What's the best way to buy them for us Canadians? 

 

Just signed up to Quadriga waiting to get verified..   have some interest in some alt coins and was just curious to see which avenue some of you guys take to purchase.

Quadriga or Binance for the really niche ones. 

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3 hours ago, CanuckGAME said:

Any of you guys into Alt coins here?  What's the best way to buy them for us Canadians? 

 

Just signed up to Quadriga waiting to get verified..   have some interest in some alt coins and was just curious to see which avenue some of you guys take to purchase.

I use quadriga. Simple to use, although it doesn't offer really any Alts. I decided I'd go with litecoin so quadriga worked for me. Haven't used Binance like said above. So if your looking at getting into Alts quadriga might not be the best choice.

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Personally, I'm more of a "Buy Bitcoin low, sell it high" kind of guy. I think that's the easiest and best way to make money if you want to. I started to buy bitcoins only a few years ago, but best advice I can give is just "buy and hold". Of course, it is easier said than done. A few months ago I started to play at different Bitcoin casinos to get more cash. Once I even won 20,000 BTC. Hope the lady luck will be on my side, I'm going to continue playing. 

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London's Telegraph is reporting the treasury is looking to regulate Bitcoin

The London Telegraph is reporting that ministers are looking to regulate bitcoin. They cite concerns that the crypto currency is being used to launder money and dodge taxes.  
 
Buyers of bitcoin are able to buy bitcoin anonymously.  The treasury wants to regulate bitcoin and force traders to disclose their identity and report suspicious activity.  The regulation would be in line with anti-money laundering and counterterrorism financial legislation.   
 
The expectations are that the rules would be applied across the European Union and are expected to come into force by the end of the year or early 2018.
 

 

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On 11/29/2017 at 4:49 AM, luckyjack said:

Personally, I'm more of a "Buy Bitcoin low, sell it high" kind of guy. I think that's the easiest and best way to make money if you want to. I started to buy bitcoins only a few years ago, but best advice I can give is just "buy and hold". Of course, it is easier said than done. A few months ago I started to play at different Bitcoin casinos to get more cash. Once I even won 20,000 BTC. Hope the lady luck will be on my side, I'm going to continue playing. 

I highly doubt you won +$100,000,000 in bitcoin.

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21 hours ago, darinbadershouldamadeit said:

Anyone into Bitcoin Mining? I mine Litecoin, Bitcoin, and Etherium. I am planning on filling a warehouse with mining equipment soon.

How much are you investing in mining and how much is the electricity bill?

 

 

 

 

 

 

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CBOE Bitcoin futures launch on Sunday. Seven things you need to know

cboe-bitcoin-futures.png

 

The Bitcoin market goes mainstream on Sunday with the launch of the first Bitcoin futures contract.

Here are seven things you need to know:

 

#1 - When it starts

The CBOE launches it on Sunday at 5 pm Chicago time (2300 GMT). The CME product will start trading a week later. Both markets will be closed on the weekend, which creates a risk of massive gaps with Bitcoin often moving more than 20% in a day.

 

#2 - The contract size

Each CBOE contract is for one Bitcoin. That differs from the CME where it's 5 Bitcoin. The smaller CBOE contract size is attractive for smaller investors. The minimum movements are 0.01 points, which is equal to $10.

 

#3 - Market orders are banned

This is good and bad. It's bad because you can't just hit the 'sell' button and get out. It's good because you don't have to worry about slippage and that will minimize some of complaints, scaling and surprises. Another caveat is that all orders must be 'exposed' for 5 seconds, which is an effort to curb spoofing.

 

#4 - It's cash settled

No Bitcoin will change hand at the CBOE. It's a cash-settled market which means the buyer and seller essentially are on the hook for the difference between the sale price and the cash price.

 

#5 - Price discovery

This is the big one. The CME is using a price index of various exchanges for its pricing and settlement. For settlement at the CBOE, it will be based on auction price for Bitcoin at the 4 pm ET auction at the Gemini Exchange on settlement day. If that fails, there are contingencies, with the primary one being the Winklevoss Blended Bitcoin Index.

 

#6 - Trading halts

This could be a major factor if any trouble hits. Futures will be halted for 2 minutes on any move of 20% or more. They will be halted for 5 minutes if price moves exceed 20%. This is a major and perhaps killer advantage of the CME product, which can't trade more than 20% outside the open.

 

#7 - Margin

Initial margin will be 44% of the current daily settlement price and maintenance margin will be 40%; That's higher than the 35% at the CME.

 

http://www.forexlive.com/news/!/cboe-bitcoin-futures-launch-on-sunday-what-you-need-to-know-20171209

 

 

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  • 2 weeks later...

I'm guessing by next Christmas, it will be easier to buy from someone like Alibaba with bitcoin than from Amazon in the US by credit card. Just a guess. I think it comes down to the processing fee/time. A company big enough could absorb the risks.  

 

Apparently the Chinese government has been attempting to ban bitcoin. But it's grown even more popular. The already had peer-to-peer bitcoin transactions built in their most popular WeChat app, which has been targeted by the government since about September. 

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