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jojo69
Legendary
 Offline
Activity: 3626
Merit: 5300
diamond-handed zealot
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April 02, 2018, 12:24:44 AM |
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Utterly unsurprising, yet still infuriating, makes me want to burn and rob. |
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yefi
Legendary
Offline
Activity: 2842
Merit: 1515
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April 02, 2018, 12:33:09 AM |
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Further there are too many planned mine expansions. A single planned mine expansion in Australia (BHP Olympic Dam) would yield 15,000 tonnes of gold and 90,000 tonnes of silver. That’s almost 10% of historical global supply from a single mine. No market can absorb that type of new supply without collapsing the price.
Is that really reserves? Sounds like it should be resources. The Gold Council page you linked to suggests there's 54 kt of reserves worldwide... so that's a lot. |
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Toxic2040
Legendary
Offline
Activity: 1876
Merit: 4315
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April 02, 2018, 12:39:04 AM |
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It wont be long. Couple more weeks to a month. Some good buying opportunities on the horizon.  |
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Hueristic
Legendary
Offline
Activity: 4522
Merit: 7102
Doomed to see the future and unable to prevent it
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April 02, 2018, 12:41:59 AM |
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LOL, nice poll for the 1st.  Where's the less than 24 hours choice? |
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explorer
Legendary
Offline
Activity: 2016
Merit: 1259
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April 02, 2018, 12:51:50 AM |
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Capitulation question. Canadian exchanges have just thrown up a bundle of verification roadblocks to withdrawal to fiat. With hundreds of BTM's in most cities, what's to stop someone from going machine to machine cashing out?
link? what kind of roadblocks? what if one is already verified out the ass on multiple exchanges, domestically and internationally? Quadriga will still courier bundles of cash, right? |
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Rosewater Foundation
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April 02, 2018, 12:56:34 AM |
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Capitulation question. Canadian exchanges have just thrown up a bundle of verification roadblocks to withdrawal to fiat. With hundreds of BTM's in most cities, what's to stop someone from going machine to machine cashing out?
link? what kind of roadblocks? what if one is already verified out the ass on multiple exchanges, domestically and internationally? Quadriga will still courier bundles of cash, right? Yeah but check the withdrawal page now. Everything requires verification. That wasn't the case 6 weeks ago. |
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cAPSLOCK
Legendary
Offline
Activity: 4354
Merit: 7522
In all fairyness!
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April 02, 2018, 12:58:13 AM |
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C'mon corn! If Jesus could do it, I bet you can too!  |
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European Central Bank
Legendary
Offline
Activity: 1288
Merit: 1087
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April 02, 2018, 12:59:56 AM |
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Yeah but check the withdrawal page now. Everything requires verification. That wasn't the case 6 weeks ago.
canadian localbitcoins volume just went through the roof - https://coin.dance/volume/localbitcoins/CADrelated? but so did europe as well. it's far higher than the peak of the bubble. i'm really not sure why. |
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Rosewater Foundation
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April 02, 2018, 01:02:54 AM |
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Yeah but check the withdrawal page now. Everything requires verification. That wasn't the case 6 weeks ago.
canadian localbitcoins volume just went through the roof - https://coin.dance/volume/localbitcoins/CADrelated? but so did europe as well. it's far higher than the peak of the bubble. i'm really not sure why. Bank of Montreal is stopping all crypto-related purchases through credit/debit card. The rest will probably follow suit |
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Ivor Biggun
Member
Offline
Activity: 196
Merit: 19
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April 02, 2018, 01:03:38 AM |
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Capitulation question. Canadian exchanges have just thrown up a bundle of verification roadblocks to withdrawal to fiat. With hundreds of BTM's in most cities, what's to stop someone from going machine to machine cashing out?
link? what kind of roadblocks? what if one is already verified out the ass on multiple exchanges, domestically and internationally? Quadriga will still courier bundles of cash, right? Are there any big Canadian exchanges? I thought most of the big exchanges were based elsewhere in the world. QuadrigaCX is at 61th place for volume according to coinmarketcap. https://coinmarketcap.com/exchanges/volume/24-hour/The only other exchange bitcoinity shows as offering CAD trading is the kraken, which has very low CAD trading volume. https://bitcoinity.org/markets/kraken/CADIf I was Canadian I'd trade through a foreign exchange. |
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Rosewater Foundation
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April 02, 2018, 01:07:35 AM |
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Kraken does bank wires in CAD but Quadrigacx used to have all sorts of convenient options that now that I'm in capitulation mode have vanished. I was busy taking a selfie with my passport when I noticed the damn thing is expired.  |
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cAPSLOCK
Legendary
Offline
Activity: 4354
Merit: 7522
In all fairyness!
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April 02, 2018, 01:07:41 AM |
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Yeah but check the withdrawal page now. Everything requires verification. That wasn't the case 6 weeks ago.
canadian localbitcoins volume just went through the roof - https://coin.dance/volume/localbitcoins/CADrelated? but so did europe as well. it's far higher than the peak of the bubble. i'm really not sure why. Is that the mayor cashing out? |
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jojo69
Legendary
Offline
Activity: 3626
Merit: 5300
diamond-handed zealot
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April 02, 2018, 01:07:43 AM |
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If I was Canadian I'd trade through a foreign exchange.
what he needs is a fiat off ramp |
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Rosewater Foundation
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April 02, 2018, 01:15:10 AM |
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Yeah but check the withdrawal page now. Everything requires verification. That wasn't the case 6 weeks ago.
canadian localbitcoins volume just went through the roof - https://coin.dance/volume/localbitcoins/CADrelated? but so did europe as well. it's far higher than the peak of the bubble. i'm really not sure why. Is that the mayor cashing out? It's not as painless as I'd imagined |
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European Central Bank
Legendary
Offline
Activity: 1288
Merit: 1087
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April 02, 2018, 01:19:25 AM |
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It's not as painless as I'd imagined
go find an OTC place like genesis trading or cumberland mining. you'll get money straight in your account from an account that doesn't set off red flashing lights and sirens in the bank's office. |
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Ivor Biggun
Member
Offline
Activity: 196
Merit: 19
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April 02, 2018, 01:21:34 AM |
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If I was Canadian I'd trade through a foreign exchange.
what he needs is a fiat off ramp If he wants to sell at the bottom he could use one of JimboToronto's favorite local ATMs that allow withdrawing up to $5k per day. You can get that much out of an ATM in Canada?   No problem. Some machines allow up to $10k per day to stay within AML limits. My local ATM allows up to $5k per day but I had to split it into 2 $2.5k transactions. Paid me all in brownies ($100 bills) after only 2 confirmations. Fast, clean and simple. |
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Rosewater Foundation
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April 02, 2018, 01:25:23 AM |
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If I was Canadian I'd trade through a foreign exchange.
what he needs is a fiat off ramp If he wants to sell at the bottom he could use one of JimboToronto's favorite local ATMs that allow withdrawing up to $5k per day. You can get that much out of an ATM in Canada? No problem. Some machines allow up to $10k per day to stay within AML limits. My local ATM allows up to $5k per day but I had to split it into 2 $2.5k transactions. Paid me all in brownies ($100 bills) after only 2 confirmations. Fast, clean and simple. I'll have to talk to Jimbo. The ATM I was looking at was looking to really squeeze me. |
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Rosewater Foundation
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April 02, 2018, 01:33:29 AM |
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In the meantime, I encourage Bitcoin to GO BITCOIN GO!
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Poll
