December Winter with the Coins

 

Although I remain a holder and have a continued interest in Bitcoin and Ether in Crypto land, the trust I have in Exchangers/Wallet providers has gone and I withdrew the bulk of my coins.

This year, with what they call a 'Crypto Winter', it hasn't actually thawed much since March of 2022 looking at the yearly chart of BTC and a lot of accusations about which billionaire owner/partner is trying bury another exchange in trying to create a monopoly is not creating a good scene right now.

Some of the older and first Exchangers I hooked up with have ridden out these major issues so far with other outfits collapsing around them with billions gone ... causing many to move their coins to safer places like "Cold Wallets" or out of Crypto all together. With layoffs, lawsuits and more pending legislation coming, even those that have been around for years will feel the pressure more.

                                                Bitcoin in 2021                  Bitcoin Today, 2022

When and if things turn around and there's a slight Bullish glow to all that is Bitcoin, I may get involved once again and resume my Trading "Pairs" game. Currently, it's overall flat and going sideways or down. Hopefully better times in 2023 in that Market place.

BTC needs to get beyond the $20,000 USD average plateau and move up in stages over weeks to 30 grand and above to get a more positive feel and renewed interest in Crypto overall in my opinion. 

Meanwhile, the "Coin" funds I withdrew over the last week will come in handy buying more dividend paying stocks. In the stock market recently, with North American Central Banks saying they are scaling back interest rate hikes in the months ahead, that has put more of positive shine to it all on the short term, depending what sector. Who knows what current and new issues will rise up in December but as always, long term is what I look at.

December 2022 and Telecoms

 

Heading into December, 2022 ... it's quarterly ex-dividend dates for two popular Telecom stocks I own.

Symbol T:TO , Telus on the 8th of December and BCE:TO , BCE Inc. on the 14th of December.

Telecommunication stocks are in the news quite a bit with Rogers bid to buy Shaw and where a Telco wants more of a monopoly in the provinces of Canada. One would like to own all the services country wide but Federal government intervention prevents this. Competition is a good thing but overall ... costs of services are too high and continue to go up. Meanwhile the money flows into these outfits from cellphone, TV and internet subscriptions/contracts.

I own stocks/ETF in the Big Banks, Telecom, Oil. Utilities and Insurance providers after doing due diligence on picks but there's always an element of risk with each purchase. What can go wrong? Eh

If an investor is looking strictly for gains and price action. A lot can happen from day to day, week to week (AQN from my previous post). But, with regards to yield and dividends, I have no complaints over the long term.

However, it's wise to stay informed and one can always sell if not happy with a stock's performance ... and use the cash to buy into more of current holdings or a stock/ETF on a personal Watchlist that's enticing.

They say not to be too loyal or trusting in any one company and be willing to move on but not everybody has the mindset to do that. Like doing business with the same bank for decades and hold stocks in it. Just because of short term price corrections and the financial press coverage on that ... I wouldn't sell. Think long term for the stock choices available in the Big Banks of Canada and their dividend distributions.