Category Archives: BitCoin

AI

The Federal Government of Canada issued an interesting press release a couple weeks ago that affects them as well as the working class people in the country.

AI, or Artificial Intellegence is coming and in years to come, the computers than can ‘think and learn’ on their own will be taking over more traditional jobs and that means the job search will get squeezed even more. Meanwhile, the tax the Feds get from the working folk that AI’s replace will disappear as well.

It’s that thing they call ‘progress’, but in my mind should be stopped where it’s going backwards. Election promises are all about, ‘I’ll produce more jobs and keep people working’ while they know that’s a long shot to accomplish.

AI is already well into development and experimenting with tech people controlling the data for these AI’s and those tech jobs will also get whittled down eventually as super AI’s get more advanced controlling a bank of AI’s. Weird how some of those visions thought up by gifted screen writers or authors of novels in the Sci Fi movies actually become reality

Today we have self driving cars and trucks being tested. Pretty well every mode of transportation. Passenger aircraft have already taken off and landed all by computer control. In the office, a manager can talk away about what he wants recorded and completed while the AI compiles and does the work in a fraction of the time a secretary can do it. No doubt Banks are already thinking about the replacement of more of their branch staff.

It gets to a point, does this all make sense while the unstoppable rush is on to further computerize our world.

In, the Biz, I got into a couple newer ventures shown in the right sidebar on my Blog. I decided to swallow the risk and funded a new Bitcoin HYIP, which looks interesting.

In a compensation that’s a blast from the past, the ‘Doubler’ is back with ACX where they continue to try different plans to perk more interest in their long running site. Simple and hands free, a member funds from a $1 up and waits for that principal to double in value with a minimum withdrawal of $5. So far, so good on my end where I’d doubled a few and got paid.

Some weeks are excellent with ACX and others are well …  devastating from some to tell the truth about it all where they do occasional resets and restarts. I’m accustomed to it over the years since they started so it boils down to the ol’ … liking the good times and then there’s the bad days, waiting for the rebound.

These days, I’ve been funding every day with their new system of priority payments and withdrawing as well to my STP account while gaining over time. Risky? Sure is.

Winding up for today and in the NHL Playoffs, I watched the Montreal Canadiens get emilinated in New York by the Rangers. I had a sense this was coming where the Habs big issue all season long is their low scoring games, too dependant on their back end and star goalie. Toronto and Ottawa need to win to advance while the Edmonton Oilers won their series and rest up for the next round

 

 

Don’t Freak Out

We’ll soon be heading into the last week of April already, after what I looked at as a tense Easter weekend on the International news front. It seems Trump wants to flex his military’s muscles these days and last weekend warned North Korea not to try anything while the US navy stayed at the ready off the coast.

The thing worries me is the more times Trump keeps repeating, ‘don’t do it’, it’s human nature to do it anyway. Seems like it’s calmed down some over there for now. Talk of a nuke war always gets me nervous. There’s enough to deal with in the world with pollution and global warming without nucleur fallout to add to the mix. That crap can travel over oceans coming into our west coasts.

The NHL Playpoffs are well under way with some teams facing elimination while teams like the the Montreal Canadiens and the New york Rangers are tied 2 games apiece. Normally, the team that gets that 3rd game won in the best 4 out of 7, has the upper hand with moving on to the next round.

Watching the games, It’s tough not to freak out with a missed scoring opportunity or a controversal goal that gets blamed on a Ref call. I find myself yelling out sometimes. Ok Gord … cool it, It’s just a game.

In the Biz, I have learned over the years not to freak out when things don’t go my way. Vanish those thoughts and move on to the next opportunity. More times than not, I overcome the occassional loss that hits us all with these online risky ventures.

Now, that Bitcoin is up there around $1200 US again, I’m more cautious about the compensation plan I enter and debating about the people who manage a given site. Greed and wanting to pack up early, hording member’s money (BTC) becomes more apparent with the price swap to the US dollar. I believe the HYIP niche seen a lot of that since the 3rd week in March.

Meanwhile, I’m gaining with the US funds I accumulate in my SolidTrustPay account when the timing is right and the opportunity presents itself.

Hopefully, May will bring about more winner programs that produce a profit during their shelf life.

 

 

Keeping the Faith

Playoff hockey fever is back in Canada for hockey fans. Last season, there were no Canadian teams in the playoffs and not much interest on my end, except for watching the home town lad, Sydney Crosby win the Stanley Cup with the Pittsburgh Penguins.

Montreal, Toronto, Ottawa, Edmonton and Calgary are all in this playoffs and my boys, the Montreal Canadians play their first game on Wednesday, April 12 against the New York Rangers. Probably be some anxious moments with finger nails dug into the arms of the lazy boy.

These are certainly different times with the online niches I earn money with …. seems more like spurts of boom and bust these days. January to March in 2017 was the ‘boom’ with not much happening since then but extremely risky start ups. Low to moderate risk is my thing. Years back, there were always a few ventures that kept the cash flowing.

One program I continue to be involved with is Wealth Rising. Mainly becuase I feel there are ‘good people’ behind it and to date they are upfront with the membership plus quick to answer, while resolving my support tickets.

From the beginning, they presented the opportunity as a ‘peer to peer’ compenstion plan. My last term, the Bitcoin withdrawal was sent to my BTC wallet and I funded again with a current plan on the go and I’m keeping the faith … mainly in the community that supports Wealth Rising.

Meanwhile, I continue to scan over the new stuff that prelaunches or ‘starts up’ from day one when the websites surface online.

 

 

Japan, Bitcoin and the Bank Fees

While a lot of folks here in Nova Scotia are complaining about the constant 2 to 5 centimeters of snow we are getting every second day here and already into the first week of April, Newfoundland got hit with 6 to 10 feet of snow in some areas. That’s wicked for this time of year and I’m sure there will be a lot of water running/flooding going on when that melts rapidy with the warming temps to come soon.

In Bitcoin news, some countries are debating about recognizing the digital coin as legal tender while the ‘Blockchain System’ that sends and receives currency is already being used by some major companies and improved on, like IBM for example.

BTC value compared to the US dollar, dropped last week where US Feds didn’t allow 2 ‘market’ ETF’s (Exchange Traded Funds) to go ahead dealing with Bitcoin and … the possibility of a “Hard Fork” I wrote about in my last article.

This week, however … Japan has ruled that Bitcoin is now legal tender in their country so the price shot up again to around $1100 US. That comes with rules and compliances to be met.

That’s upbeat news for the BTC community but it’s been a roller coaster lately with the fluctuations in value.

Anyone into the financial world involved in making a dollar with their principal and/or gains like I do, try to work with the less fees ‘paid in’ as possible. Sometimes they are set where I have no choice but to take the hit while grumbling. In other areas … I can shop around for the lowest possibe fee.

In Canada, this past couple weeks … the major banks have come under fire from the press and the public coming forward, about employees acting like salesmen selling financial products that’s not always in the favour of the customer. The employees reported to a site setup so they can post their experiences with a named Bank but not requiring an identity.

The bigget chatter was about being under fire to reach sales targets and in order to keep their jobs, they push what they can even though as I mentioned …  not always in the best ‘interest’ of the customer/investor ending up paying fees that eventually brings down the value of their investments/accounts every month or yearly.

With that all being common knowledge now, Canadians can now attempt to avoid getting into high fee traps (those that watch and read the news anyway) when dealing with a bank rep to negotiate the lowest possible fee rate. Again, some are set in stone but others like Mutual Funds, ETF’S and various other plans can come with some ‘high end’ fees that can bring down any gains made … it’s wise to do some online homework before depositing.

Some investment examples are presenting a fund with an avearge of a 6% gain. Cool but kind of left under the table until prompted … what is the managment fee? 2% and that’s subtracted so that leaves an average of 4%. All those MER and/or management fees can be researched online.

Wrapping up for this post, I’m mostly just watching the online niches for now where there’s not much doable for now. Kind of a continuing lull ever since mid March when some big name outfits went under.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hard Forks and Reality

We are still into a ‘delayed’ spring weather thing here in Nova Scotia where a persistent cold wind keeps blowing although the amounts of snow we are getting is smaller… just enough to blanket the ground lately.

In the Markets, specially for those in mutual funds … looks like some of the dudes who have been around for decades are predicting a kind of pull back in December … how severe a crash? No one knows. Last one was about the free fall in the price of Oil last year but back to normal for awhile now where companies and investors/share holders adjusted to the low oil price over a few months in 2016.

So, probably something to think about before that time and ‘if’ it happens. Folks try to anticipate by selling or ‘hold’ during these events, ‘if’ they occur. Then resume afterwords … buy low, sell high. Reality can come quicker than realized when for example, a drop does come and a portfolio is down a few thousand. It always bounces back over time but some investors still panic.

Here, with the online ventures, I’ve totally backed off now on HYIP’s after 2 solid months of decent earnings. Too many sites are collapsing now and I’ll wait until things stabilize in that niche.

Now that a lot of Admins and program managers got into the Bitcoin or ‘Bitcoin only’ opportunities, there’s been something brewing and relates to an earlier post I wrote about high fees and delayed transactions.

Those who knew about this awhile back with large amounts of BTC, have sold off a lot of their bitcoin or holding for now … storing it in hard drives.  I guess this is why major banks haven’t looked at Bitcoin yet because individual Bitcoin Miners are the people behind making all these transactions happen in Coinbase and Blockchain and get paid Bitcoin in return for their service.

The system is getting bogged down they say with an increasingly amount of transactions and that results in taking longer to get paid for these Bitcoin Miners. In today’s world, folks want things done yesterday when it comes to money and products so the need for Bitcoin to fit in with that is the topic of discussion with the key players in the Bitcoin market.

The chatter today, is that there will be a split in Bitcoin, resulting in two Bitcoin digital currencies going against each other like Pepsi and Coke. In this case, it will be Bitcoin Core and Bitcoin Classic while voting is currently taking place on all that.

Two Bitcoins will cause competiton and folks will try for the lowest fee. I certainly will … in what they call a ‘Hard Fork’ or a fork with two prongs. All this will cause some instability until resolved but the talk is that Bitcoin users will be better off in the end keeping the exchange rate up there. Time will tell as always.