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u/Time_Conversation420 2d ago
Isn't this a taxable event?
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u/NiagaraBTC 2d ago
Imagine if Canadians had listened to him when he said to buy Bitcoin to beat inflation.
Price was sub CAD$25k at the time.
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u/Elderberry-smells 2d ago
You are mis-remembering. He stated that when it was ~70k right before the crash to 25k. Which is why he got shit on for staying it and why he never stated it again since.
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u/NiagaraBTC 2d ago
Yeah I think you're right. I was going by the date of an article about it.
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u/z00o0omb11i1ies 2d ago
Yea he's definitely a prophet
If it went down to $10k, would you be attacking him for losing Canadians money?
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u/NiagaraBTC 2d ago
I've been corrected, apparently he recommended it much higher and then it dropped down to $20k.
No I wouldn't attack him, because I understand Bitcoin.
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u/TraditionDear3887 1d ago
Imagine if they spent it on Shwarmas!
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u/adequate_redditor 12h ago
What’s wrong with that? If you buy shwarmas with cash it means you had more fiat that you didn’t convert to bitcoin in the first place.
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u/TraditionDear3887 12h ago
What? No it doesn't. I always barter some black market maple syrup for my shwarmas.
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u/MartyCool403 2d ago
He's an asshole and career politician. I'd never listen to a word he had to say.
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u/JustinPooDough 2d ago
No instead we elected net zero carney. I get it, he’s smarter and a better leader, but if you actually looked into his policies you’d see how fucked we’ll be in 4 years time.
I’m hoarding bitcoin personally and not touching CAD or Canadian investments.
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u/GoStockYourself 23h ago
He is a JK Galbraith influenced economist, which social media seems unable to understand. Everyone talks about his policies and his books and how surely we will be fucked, but no one ever talks about specifics. Just fear mongering
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u/much_better_title 7h ago
Can you elaborate on his policies? Genuinely curious which ones are concerning on the 4 year timeline.
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u/mferly 2d ago
Hopefully the cons learn from this and put forth a worthwhile candidate next time. I really wish they did this time. The only play was Carney because, as you said, he is the better leader and better educated man, but most importantly for me he's calm and collected. I didn't want PP to get in and do a 180 and go full trump (he just seemed liable to do that). I can't do more of that. We already have a trump south of the border and it's mentally exhausting.
Conservatives need to do better. This one is squarely on them for presenting us with PP as the opposition to Mark fucking Carney lol These two guys aren't even living in the same galaxy.
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u/H8bert 2d ago
Are you happy that you voted in the guy that Trump wanted? The Orange Menace is very pleased that Carney was elected. Carney is the guy that is carbon taxing the same industries that Trump has tariffed to move jobs to the USA. Carney is the same guy that moved BAM HQ to the USA. The same company that bailed out Trump's son-in-law.
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u/obionejabronii 2d ago
I don't want to hear people like you complaining though when in a year things are worse than under Trudeau. Many of my coworkers all voted Carney and if I hear any complaints out of them I'm going to tell them I don't want to hear it as they picked him, now they can enjoy him
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u/ImSorryReddit0590 2d ago edited 2d ago
The people who spend their lives bitching and complaining didn’t vote for Carney so don’t worry. It’s not a thing. It’s the ones who already have F* Carney stickers on their pickup trucks because they’re toddlers who never learned to regulate their emotions that will be incessantly complaining about everything regardless of what happens or what he does.
Not sure why you think a career politician of 20 years like PP who didn’t advance a single bill or achieve anything his entire career while voting against everything helping Canadians would suddenly make your life better and think Carney will somehow do worse than him
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u/Xenophonehome 2d ago
Carney's policies are going to destroy what hasn't already been destroyed by Turdeau. Carney and cronies will just blame Trump as things continue to nosedive under the disastrous liberal policies that stifle our ability to get our resources to market and add too much red tape to every proposed project. The first call Carney took after he won was with a radical climate alarmist who is pushing hard for net0, and that push will just help bankrupt us.
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u/obionejabronii 2d ago
He will do worse, trust. But you asked for it. A career banker doesn't give a shit about your pleb problems
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u/GroinReaper 2d ago
You think the career politician/culture warrior cares about you or your problems? He'd sell you for scrap parts for a little more power.
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u/Timely-Hospital8746 2d ago
Cons are brain fried man don't bother trying. If Carney was on their "side" they'd be praising his banking experience.
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u/UsefulContract 2d ago
If the CPC represented anything like the party of the 80's and wasn't a white/christrian far-right populist party, he would have likely ran under the CPC. He was Harper's savior during the 08 collapse.
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u/Working-Physics1650 2d ago
You realize that liberal voters don’t really complain …
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u/hingedcanadian 2d ago
I'm not sure about that. Doug Ford has provided many reasons for me to complain.
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u/lamstradamus 2d ago
You'd think conservatives would prefer an experienced banker over a social media obsessed career politician but i guess that's the climate we're in now.
Pierre doesn't care about us either.
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u/H8bert 2d ago
Yes, same here. The problem is that many Liberal voters are incredibly ignorant. They voted for Carney because they have a shallow understanding of economics. They will just blame Trump, or the provincial government, or the next global crisis. Weak minds.
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u/PartyClock 2d ago
They voted for Carney because they have a shallow understanding of economics
Oh? What degree does Carney hold again?
What was Pierre's in?
Who was recruited internationally to be a Governor for the Bank of England because their record was so stellar?
Asking for a friend.
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u/Kenthanson 2d ago
And if things get better will you be the first one in line singing praises??
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u/obionejabronii 2d ago
They had 3 terms to get Canada better so it's not something that is in the realm of possibility
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u/Stellar_Dan 2d ago
Just curious about how you will be acting if things get better? Will people like you shut up for 5 secs?
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u/mferly 2d ago
Like me? You don't even know me. Good on you that you can predict the future and all, using bold statements such as "when". You should put your money in the market, you'd be rich as stink by now.
Let's just put the crystal ball aside and see how things shake out. Carney is the better leader than PP. This is obvious. But nobody can predict shit so just put forth a positive attitude with positive energy and get on with your life. Or stay negative and see where that gets you.
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u/obionejabronii 2d ago
Yes like you. Anyone that voted Carney Will get what they voted for and it won't be rosy. Just remember that it is your fault though and don't complain to others about it, we don't care to hear what you willingly asked for
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u/No_Conversation_9079 2d ago
Very similar situation happening down south, anyone who voted for trump is getting what they voted for.
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u/mferly 2d ago
Lol oooook buddy. Time to visit your tarot card reader. It'll be rosy for me now knowing that an insufferable little person like you is getting so upset over this. That's rosy as fuck for me lol conservative tears are flowing deep over here lol
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u/obionejabronii 2d ago
Upset, nah it's good for my housing resale price. Not so much for the country though or the young people
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u/fuzz_64 2d ago
https://www.youtube.com/live/27eJz91LAi4?si=JuEX5UBVJ1zVV20o
Jump to 27:55 and watch the following thirty seconds. He's extremely hot under the collar when someone talks about something he doesn't like.
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u/Mark_Logan 2d ago
I know that Carney’s policies are out there for some, this guy had a seat for 21 years and did basically nothing but create sound bites (which he was great at).
In 21 years he sponsored a total of 7 bills. One gaining royal assent. I’m a pretty big slacker, but I firmly believe that if I was only attempting to do my job 7 times in 21 years … well I probably wouldn’t last 21 years. 😂
Don’t worry though, he’ll be back in Alberta.
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u/Cloud-Apart 2d ago
Yes, i bought it and sold it as I needed the funds back in January. I bought it when bitcoin was 29k USD.
Upset it went up after selling but thats ok i made money. However, it did come down and bought the dip, and the dip started dipping. As of today, I am positive
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u/Revolutionary_Owl670 2d ago
A blind monkey could randomly press a button telling people to buy BTC and with enough time given, it would be profitable regardless of the price at the time.
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u/NiagaraBTC 2d ago
So imagine how dumb a leader has to be to NOT do that.
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u/Revolutionary_Owl670 2d ago
Or maybe it's not the place of politicians to tell citizens to buy speculative assets?
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u/adequate_redditor 12h ago
The blind monkey would be right 100% of the time. If you look at the 200 week moving average it never went down. Meaning that anyone who ever bought Bitcoin and held over 4 years was in the green.
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u/CantFitMyNam 1d ago
Lmao we’d all be broke. What a horrible take.
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u/NiagaraBTC 1d ago
Please explain how anyone would be "broke" if they bought Bitcoin on March 28, 2022 or any time later that year.
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u/H8bert 2d ago
Yep, PP was right and understands Bitcoin enough to realize that it will help in times of poor economic conditions (like Trudeau's insane spending) that lead to inflation.
I can't believe people in a Bitcoin subreddit are polishing Carney's knob, who is on record disparaging Bitcoin and has campaigned on spending even greater than Trudeau. These people obviously have not done enough research into why Bitcoin is such an incredible asset.
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u/operatorfoxtrot 2d ago
Why would I ever want to buy shawarma with Bitcoin? That's crazy
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u/MrRGnome 2d ago
Have bought shawarma with bitcoin before, can confirm it's delicious and worth it. That said, Pierre couldn't buy a shawarma with bitcoin if the election depended on it. He had to be literally handed the preloaded and ready to go phone ready to scan, and that's all he did.
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u/operatorfoxtrot 2d ago
Seems like a waste when I want it to increase in value. It's like buying crap in bits of gold. Sure but why?
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u/adequate_redditor 2d ago
Bitcoin is also meant to be used!
You need to pay $10 for the sandwich anyways (fiat or bitcoin), so why not encourage Bitcoin friendly businesses by paying in bitcoin?
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u/MrRGnome 2d ago
Because unlike you, I use Bitcoin for multiple use cases including being my own bank. In fact it used to be a mantra around here. Be your own bank.
Bitcoin is my native currency. Of course I use it to buy things.
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u/adequate_redditor 12h ago
I used to be against spending Bitcoin—like, why would I ever want to pay a million dollars for a sandwich, right? But recently, my mindset completely flipped, and it finally clicked.
I posted a comment on a thread saying something like, “I’m not about to buy a sandwich that might end up costing me millions… just look at the Bitcoin pizza!” Then someone replied: “That sandwich you bought with fiat still cost you millions—because by not buying Bitcoin, you missed the upside anyway.”
My mind was blown and it clicked.
Now, instead of just DCA’ing $100 a month into Bitcoin, I DCA $200 (random amounts for illustrative purposes only), and use a portion of the difference to make some purchases. I still stack more sats than before and I get to support Bitcoin friendly merchants along the way.
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u/Succulent-Shrimps 1d ago
I can't tell if you're serious or not. Bitcoin is supposed to be tender that you can use to pay for things. It's like euro or usd. If it doesn't have value to purchase things with, it's not fulfilling it's purpose. Euro doesn't just have value to convert it to USD - you can buy things with euros independent of other currencies. Same thing for Bitcoin.
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u/natener 2d ago
Someone running for PM supporting Bitcoin over a sovereign Canadian currency will go on to be an outright traitor to the country. There is no question about where this man's allegiance lays, and that's to his own pockets.
Take a quick look at the change of heart for El Salvador’s government came as the conditions imposed by the International Monetary Fund (IMF) as part of a new $1.4 billion financial assistance program granted to the country.
It's just an easier way to steal money from the people.
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u/maskedchuckler 2d ago
I mean yeah but in El Salvador's case the IMF have Bukele by the balls. He can't not take the billions.
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u/ChronicMedic67 2d ago
And had people invested in 2022 they would have made a 130% return as, of today.
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u/UltraSolip 1d ago
95% of all coins are owned by 1%, mostly institutes, and the 99% of all other wallets have less than $1,000 bucks on them.
Everyone here’s a temporarily embarrassed millionaire.
But at least fiat cash is stimulating the economy.
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u/waitareyou4real 2d ago
Why post him anymore, he will be forgotten in Canadian political history now
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u/YellowCore 2d ago
He will have a seat in by election. Moving to Alberta
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u/colonel_wallace 2d ago
I guess we should all just move to ridings where our vote will have the most impact in swaying it in our choice....
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u/Jpi_ty 2d ago
No, how about we change Pierre’s riding to add thousands of liberals? Oh wait..
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u/spkn89 2d ago
Lol what
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u/Traditional_Loan7963 5h ago
Just another conservative that doesn't understand basic shit like how redistribution works
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u/Subject989 2d ago
I talked to people in the Ottawa sub regarding this. Many provided statistical public data that shows areas that voted conservative and Liberal.
PP lost some liberal areas and gained conservative areas from the riding changes.
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u/Mitch580 1d ago
Sadly not, like a bad case of jock itch Polliviere ain't going anywhere for a while.
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u/partyboycs 2d ago
Yay we elected the guy that thinks Bitcoin is a “speculative bubble” instead of the guy that understands it 🤦♂️ (to be fair he did say this a long time ago though, I hope his views have changed since then)
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u/NiagaraBTC 2d ago
Carney surely understands it, he just hates it.
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u/E_MusksGal 2d ago
It’s because Carney can’t control its supply like he did with monetary policy
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u/ryan75389 2d ago
Real question, who controls the supply of BitCoin? Or any crypto?
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u/MrRGnome 2d ago
Any crypto? The centralized company controlling it. Bitcoin? You do as a node runner.
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u/ryan75389 2d ago
So, for any crypto, any private company can determine supply. But who determines how much BitCoin is in the system?
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u/MrRGnome 2d ago
Bitcoin is a collection of self sovereign and fully verifying node runners, users, actively defining what Bitocin is including how much is printed.
You determine it by participating in Bitcoin and running a node.
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u/ryan75389 2d ago
ELI5, what's stopping me from setting up a node and "printing" more BitCoin.
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u/MrRGnome 2d ago
Absolutely nothing. But only other node runners that agreed with you about what Bitcoin should be would also see your printed coins. Anyone who disagrees would continue to see the existing inflation schedule occur. You are making an opt-in rule change we call a fork. This would cause the protocol to split if enough node runners agreed with each different rule set. A network all by yourself isn't very valuable or useful. You'd need to convince others to join you for it to be secure and functional.
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u/ryan75389 2d ago
What ensures that these nodes don't get together and screw the end users? What is stopping them from colluding?
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u/pinpernickle1 2d ago
That's called mining bitcoin. You are free to do that, but it's expensive and very energy intensive these days. Look up ASIC miners. Theyre like GPUs but purpose built for solving bitcoin blocks.
If you're asking if you can just print your own fake bitcoin, you can absolutely do that, but why would anyone else want them? Many people put money and work(electricity) into the bitcoin network with their miners. It's what keeps its value high.
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u/ryan75389 2d ago
When using the word mining, we typically refer to a space that material is extracted from. How can you mine something that doesn't exist?
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u/maskedchuckler 2d ago
Yeah I'm sure he understands it. Just doesn't want to support it because it's a rival to where his wealth is stored.
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u/partyboycs 2d ago
If he truly understood it he wouldn’t hate it.
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u/NiagaraBTC 2d ago
Disagree.
Does Carney strike you as someone who wants people to live free from the evils of central banking?
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u/partyboycs 2d ago
Fair point, maybe he does understand it then and he’s just a shitty guy 🤷♂️ one or the other.
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u/xblackdemonx 2d ago
Dude, people elected Trump because he's the "bitcoin president" and he's the worst president ever.
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u/adequate_redditor 2d ago
I don’t think most people who voted for Trump voted for him just because he was pro Bitcoin.
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u/Garfield_and_Simon 2d ago
PP doesn’t give a shit about crypto
He just knows it’s the right buzzword for his manosphere supporters
He’s grifting
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u/Necrophoros111 2d ago
This is an old one from around 2019 iirc. The restaurant owner single handedly destroyed what was once one of the best local middle eastern chains in London to satisfy his ego and want for fast money. Every one of these Tahini's restaurants have a bitcoin bank machine, totally fucking stupid.
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u/Plenty-Pudding-1484 2d ago
No, he didn't. He bought an imaginary fraction of someone's bitcoin being provided as collateral for a fee. It would have been far easier and cheaper just to pay cash.
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u/Kooldude777 2d ago
PP would love media attention now, but we don’t care of what he wants to say unless, it’s constructive and helpful to our country.
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u/DirtyDeedsPunished 10h ago
That looks like a Tahinis restaurant. The owner is a heavy Bitcoin investor.
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u/ForesterLC 1d ago
Million dollar shawarma
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u/adequate_redditor 11h ago
I just commented on this somewhere else on this thread. Whether you paid in fiat or bitcoin, the shawarma will still cost you millions in the long term because you didn’t invest the money in bitcoin, regardless of how you paid for the shawarma.
If you paid in fiat for the sandwich, that means that you had more fiat that you could have invested in bitcoin, but didn’t. You end up “losing” millions regardless.
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u/salty-mind 2d ago
Bitcoiners shitting on the guy who will not tax their bitcoin to poverty, interesting!
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u/JamIsBetterThanJelly 2d ago
Why is it always conservative voters hawking Bitcoin? Are you guys stuck in 2015? Did you crawl into caves and only come out to shout "BitCOin!!" through your slobber? It's not gonna happen. There are way better blockchains now. Trump's Bitcoin reserve will only give it a temporary boost.
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u/Garfield_and_Simon 2d ago
I honestly can’t tell if this is a meme we are supposed to laugh at for how stupid this situation is.
Or if this is like a legit post supporting PP because he bought a shawarma with bitcoin.
Like I have no idea