How Many of You Here Have Invested in Crypto? What coins?

TurkishDelight on 23/01/2018 - 15:32
Last edited 05/02/2018 - 08:53 by 2 other users

So how many of OZBargainers have invested into Crypto and what are the coins they are holding? Furthermore, how much have you invested?

Edit: So I posted a comment for free $500 earlier but very few took an interest, so here is a proof of it: The exchange I was talking about was UPcoin, the $500 bonus deal is expired (you can see it on their homepage https://upcoin.com/ about $500). Here is a SC of me $500 bonus on my account. You can still join my discord group for the top and exclusive airdrops (I posted RiPT in my group which is now worth $75+) and now I have just posted another airdrop (free token) that is worth $40.

mod: Referral solicitation is not allowed

Poll Options

  • 66
    Invested $50K & Over
  • 22
    $30k-$49k
  • 72
    $10k-$29k
  • 80
    $5k-$10k
  • 312
    Under $5k
  • 96
    Crypto is a scam!
  • 386
    $0
Financial Cryptocurrency

Comments

  • [Deactivated] on 23/01/2018 - 17:53
    +86

    Nice try ATO.

  • idjces on 23/01/2018 - 20:49
    +8

    I don't invest cash into things which don't provide cashflow. I want Financial Independence, so at this stage in life I can't justify investing into something which relies entirely on another persons valuation, ie the Greater Fool Theory.

    I can see why those in a better position might want to speculate with a tiny portion of their wealth. If we hit multi-year lows, than I might reassess finally making an 'investment', but i'm happy to sit out multiple years waiting for the next major recession. It's the only time I've ever made my best stockmarket buys.

    I have 5 figures in mining gear which has mostly paid off it's investment. The crypto I freehold is worth anywhere from $5k-20k depending on the day of the week. Could be worth $500 next week, and i'm happy to sit on my allocation.

    • Yttrium on 25/01/2018 - 13:15
      +1

      How close are you to your fi number ?

      • idjces on 25/01/2018 - 16:18

        I have a specific year in mind, around 2022. So as of now probably 20-30% there. I wouldn't count crypto in my net worth, but if i can reallocate down the road and it boosts my numbers, than happy to sink time into it as a free lotto ticket

        If you're chasing FI, how are your numbers looking?

    • ychen8 on 25/01/2018 - 18:15

      My friend randomly bought some darkcoins a few years ago.

      Turns out you can stake it as a masternode. It is generating about $60k-100k a year depending on dash price. Not to mention coins themselves worth $1m+

      • idjces on 25/01/2018 - 18:38

        Lucky bugger!

        Yea i like the masternode/POS system. It lets the market determine the return whilst supporting the coins network. Problem is everything appears 10x overpriced at a minimum, so I wouldn't dare throw resources at crypto to meet the minimum stake requirements which today have a 'market price' of $8000+

        I like the exchange tokens, to a degree you'll still be winning whether or not the bubble inflate's or the market has it's legs kicked out from under it's house of cards. I could happily look away and forget about them for a decade.

  • Taako on 24/01/2018 - 07:51
    +1

    I invested $1,000 split between Siacoin, Request, Vechain, Neo, Horizon State, Power Ledger and Litecoin. I started with some Ethereum as well but I used the profits on it to buy Vechain and Horizon state. Planning on hodling these for a year or two and see where they end up.

    • murkywater on 24/01/2018 - 17:11

      Good picks (well except for Litecoin). I have/have had REQ/VEN/NEO/HST.

      HST will go up a ton if they get some sort of adoption.

      • kiLbiL on 24/01/2018 - 21:00

        why you think LTC is bad?

    • JohnnyB.Cheap on 25/01/2018 - 14:32

      Surely you've lost half your money in fees, splitting 1000 so many ways?

      • freelife on 25/01/2018 - 20:55

        Yep 20% would have gone into fees

        • Taako on 27/01/2018 - 10:46

          Hmm I wouldn't have thought it would be that high. I knew splitting it up would be less efficient with fees but I wanted to diversify and didn't want to risk more than $1k.

          These are the fees I've paid (not exact, just a loose adding up of some of the things I've done).
          Buying ethereum/litecoin on BTC markets ($500): 0.85% fee = $4.25
          Buying Neo/Sia on Coinspot ($500): 3% fee = $15
          Sending ethereum from BTC Markets to an exchange: 0.001 ETH = $1.28
          Sending litecoin from BTC Markets to an exchange: 0.001 LTC = $0.21
          Trading on Kucoin: 0.1% ($700) = $0.70
          Trading on binance: 0.1% ($400) = $0.40
          The worst fees were withdrawal fees when transferring the coins to wallets - usually $10-$15. But a few I still have on an exchange. I would guess I've spent about $50 worth of coins on withdrawal fees.

          Obviously this is an approximation but I think it wouldn't be far off. I started with $500 on BTC Markets and $500 on Coinspot and the coins mostly went up before sending to Kucoin and Binance.

          So I may have spent $70-80ish on fees, or 7-8% on my initial investment, but the portfolio is worth $2,800 at time of writing so the fees seem less significant now (about 2.5%).

          Unless I have missed something, I'm not worried about the fees, and it would be far less than 20%.

  • Rehmansayani on 24/01/2018 - 08:39

    Everyone over here seems to be experienced :) which is good. I am unable to get my account verified on btcmarket, coinspot and coinjar too because i am an international student over here. I dont have any age proof card nor driving licence.

    If anyone can help me out to get verified my account from any other authentic exchange…

    Sorry for my bad english

    • Teamhickey on 24/01/2018 - 09:26
      +1

      Have you tried coinbase???

      Purchase LTC and transfer into Coinspot. You can trade in the meantime, just no withdrawing. Coinbase will start you off with
      $250 per week.

      • Rehmansayani on 24/01/2018 - 10:59
        +1

        Thats the issue i am facing.. None of them are verifying the international students account because of lack of documentation.

        Further XRP is not listed on coinbase still :(

        • dust on 24/01/2018 - 15:00

          You could try buying bitcoin using localbitcoin? Once you have some bitcoin you can send it to other exchanges to buy alts.

        • Zilch on 25/01/2018 - 03:54

          @dust:

          Local XMR is better

        • dust on 25/01/2018 - 09:02

          @Zeath163: Oh okay. Haven't used that before but there are more exchange options between BTC than XMR for alt coins. (Although I suppose you can just buy BTC with XMR.)

    • 2jzzzz on 24/01/2018 - 12:55

      Use a BitCoin ATM and send it to Binance.

    • BoomTetrisForJeff on 24/01/2018 - 18:00
      +1

      we are not experienced at all we see is xxx to the moon and our moneys in that coin haha

    • maxitaxi100 on 25/01/2018 - 03:43
      +1

      If you have a passport you should be able to make a binance account. Buy bitcoin off localbitcoins.com and send it to your binance account.

      • danyool on 26/01/2018 - 08:39

        I didn't need passport or anything for Binance, just email.

    • Looking4Bargians on 25/01/2018 - 14:29
      +1

      You can transfer the money to my wallet.

  • craigoss on 24/01/2018 - 12:51
    +3

    I only got involved in November. Have roughly trippled my outlay. Main holdings are ICX (about 25%), XRB, FUN, XEM and POWR. Smaller holdings of AION, INT, HPB, TEL and INS and I put a small amount into the coinmetro ico. Next purchase will most likely be HST.

    • TurkishDelight on 25/01/2018 - 02:26

      ICX, XRB, and HST are good holds. TEL is showing potential.

  • windale on 24/01/2018 - 15:28
    +9

    I purchased some GVT in the ICO for $1US each ($1800 aud worth). a couple of weekends ago my GVT was worth $75000 AUD. I cashed some out soon after (the price had dropped) and purchased a $15000 boat which cost me in real money about $400. Even if GVT falls over (which it wont) I still have a cheap boat.

    • murkywater on 24/01/2018 - 17:08

      How long did you hold after ICO to get those gains?

      • windale on 25/01/2018 - 00:32
        +1

        Only about a month. Went from $1 to $9 then back to $5. Sat around there for a few weeks then skyrocketed to over $50 over a weekend, now around $20.

        I was happy with 5x my money 50x was even better.

        I got CRPT as well in the ICO it was just released and is about $2.60.

        All USD

        I figure if I double my money each ICO then that’s good, anything else is a bonus

        I have several more coins that are currently in ICO stage. Worth a shot

        • TurkishDelight on 25/01/2018 - 02:28
          +1

          I am underestimating ICOs. I need to get on that. You are smart mate.

        • murkywater on 25/01/2018 - 13:31

          Nice! Im looking to get into ICOs as well, any you can recommend? Looking at Beetoken at the moment.

        • Looking4Bargians on 25/01/2018 - 14:56

          Can you please list those Pre-sale ICO? if you wish to.

        • windale on 25/01/2018 - 19:21
          +1

          @ozyboy: I just google, find a list, look through ones that seem to have a decent product/service/idea behind them and do a bit of research. Some I just pick via the name :)

          https://www.coinschedule.com/

          just remember you have to pay tax on profits that you withdraw.

        • justinh93 on 25/01/2018 - 21:22
          +1

          @raven2000:

          beetoken looks good. refereum is also worth a look at. ICOs are the best… as long as you do your research you can almost 2x your money just by selling on the pump

        • TurkishDelight on 26/01/2018 - 00:34

          @raven2000: I have done TA on 10 ICOs (invested in 2 so far). Inbox me if you want me to send you list of best ICO from TA I did.

        • TurkishDelight on 26/01/2018 - 00:40

          @justinh93: Agreed when playing with ICOs you need to do serious TA before getting into. I think once you do your research and find the right one, it can easily get x3 x5.

  • murkywater on 24/01/2018 - 17:06
    +1

    I put 3k in early december (over period of 1 week) and went 4.5x in 4 weeks.

    Had purchased MOD, REQ, NEO, all of which increased 5-10x at some point (though with the recent crash they've decreased a fair bit).

    Regret not buying VEN at 50c (was strongly considering) and XRB at 70c (was lazy due to the shitty exchange).

    My biggest hold at the moment is ICX which will be huge this year.

    • TurkishDelight on 25/01/2018 - 02:29

      I got in late but good to see you have done well. ICX will be huge.

  • lunartemis on 24/01/2018 - 17:18
    +1

    My colleague put in $1K on Monero when it was selling for $10, it is now selling for around $450-550.

    I just put in a few hundred as that is what I am prepared to lose (you can’t get into crypto expecting to make money since it is a form of long term gamble…)

  • Mozz13 on 24/01/2018 - 18:08
    +3

    Has anyone ever wondered why these crypto really took off? I mean if we do basic comparison to shares, you essentially buying a piece of the company (own) but with crypto, I don't think they actually sell the tech behind it right? At the end of the day, the tech still belongs to the creator. If we compare it with currency, currency is backed with the government as the legal transaction tool so that is why it has value but with crypto, it doesn't really hold any legal value isn't it? Crypto value is as far as what the other person willing to buy it for. I acknowledged the fact that it is a money maker for lots of people but don't you think the only drive is hype? Maybe I am thinking too conservatively but I don't have any investment in crypto and hold just a few thousands in shares. So at the end, what do those coins represent? Hopes and dreams for making a quick buck?

    • DBBROS on 24/01/2018 - 18:46
      -2

      Not so sure about all of the the values but I heard that around 80% of bitcoin has been mined already and by the time all of it gets mined, it will be holding a decent value

    • Zilch on 25/01/2018 - 03:39
      +2

      There are many use cases, I'd recommend doing research before discrediting cryptos. For starters, understand how blockchain works, then how the Ethereum network runs and what potential is has. If you use the network and understand how it works, you would probably cream your pants. It's a really volatile market so just be careful not to buy at the top and control your emotions, hold onto what you believe in throughout market fluctuations unless you reckon you can trade it (spoilers, you can't), best advice I can give you.

      As for the 'what gives the coins value' argument, that depends on what coin/token you're investing in. Many of them are digital assets, some of which you use the tokens to run a node which secure the network which rewards/pays you with another token that can be consumed to actually use the network for one example. There are also coins which are to be used as currencies, these are basically BTC with extra features, pick your weapon.

      Basically do your research, don't be an idiot, thank me later.

  • DBBROS on 24/01/2018 - 18:53
    +1

    I've invested $200 through coinjar and now it's down to $159. Would like to invest in litecoin but coinbase still hasn't verified my account

    • donga100 on 24/01/2018 - 22:43
      +1

      You can buy litecoin on coinjar now. Also ETH and XRP.

      • DBBROS on 25/01/2018 - 09:06

        Is it supported on the android app? I can't find it there

  • IMadeYouReadThis on 24/01/2018 - 18:59
    +1

    Eth, Ripple, Tron, XVG, IOTA, Fun, LiteCoin, BCH, BTC, ethLend and couple of more that I can't remember.

  • mattypoika on 24/01/2018 - 19:03
    +1

    HTMLCOIN - Read the whitepaper.

  • Haters.Inc on 24/01/2018 - 19:11
    +5

    Put in about 60k initially. Well into the 6 figure profit range now. Have taken out my initial investment.

    I'm big into platforms, e.g. ETH, NEO, ICX

    I'll also put a few % of my portfolio into 'flavour of the month' coins. Recently it's been RaiBlocks (XRB) and VeChain (VEN).

    Started about 6 months ago. Aiming for 7 figures in a few years before I cash out to fiat.

    • danyool on 26/01/2018 - 08:43

      Put in about 60k initially

      Was that in one ballsy move, or you put a bit, saw it was going well, put more, etc?

      • Haters.Inc on 26/01/2018 - 20:51

        Nah it was in about 10 or so chunks over a few months.

  • Keeegs on 24/01/2018 - 19:31
    +2

    $0 into Garlicoin, mining as we speak.

    • trishmapow on 25/01/2018 - 17:34
      +2

      CTRL+F and I am not disappointed. We've got mainstream adoption here! What's your balance and hashrate?

      • Keeegs on 25/01/2018 - 17:46
        +1

        ~19 GRLC, hashing at about ~430kH/s!

        You?

        • trishmapow on 25/01/2018 - 17:51
          +1

          Nice, 7.3GRLC (2.2 lost in the depths of breadbox), 130kH/s (cloud mining for free lol)

        • Keeegs on 25/01/2018 - 17:57
          +1

          @trishmapow: Cheater! Lol nah I kid. Yeah I had breadbox too, but I did not mine to it. Thank (profanity)

  • freakatronic on 24/01/2018 - 19:34
    +20

    Cryptos have made me a millionaire.

    … I was a billionaire a few weeks ago though.

  • Bargain Chaser on 24/01/2018 - 20:30

    RIPPLE…got in at 0.2121. Gonna HODL for the long term. Keeping my eye on Tron.

    • TurkishDelight on 25/01/2018 - 02:30
      +2

      Both are not good. Like seriously.

      • eskylidder on 27/01/2018 - 01:07

        I truly don't understand why people go to the effort of saying something so adamantly without suggesting exactly why.

        Could you help me understand why those two are not good? genuinely interested

        • Lockieasy on 27/01/2018 - 18:33
          +4

          Some diehard crypto people dislike Ripple because it works with financial institutions whereas bitcoin etc. aim to overthrow them and also because Ripple co. own a majority stake of XRP (they conveniently forget how just a few whales control the other coins however!).

          In reality, other than black market coins such as Cardano and Monero, Ripple/XRP has more chance of success than any others. This is because their xRapid system uses it, which is currently being trialled by companies. More details: https://ripple.com/insights/q4-2017-xrp-markets-report/

  • Duram on 24/01/2018 - 20:39
    +2

    I made some quick money then got greedy and bought neo at all time high now I'm waiting and praying it comes back so I can gtfo.

    It's all a scam only like two 'coins' have a real use the rest are all bs.

    • TurkishDelight on 26/01/2018 - 00:20
      -1

      HODL the NEO!

    • eskylidder on 27/01/2018 - 22:15
      -1

      Calling it a scam without basis is ridiculous, you invested money and are entirely responsible for your decisions.

      If you did your due diligence you would of made a better decision with your investment. HODL and you should recover.

      • Duram on 28/01/2018 - 07:09
        +2

        The money I've made will cover the neo even if it goes to zero. Making money of other people's stupidity doesn't mean I believe in the underlying 'product'. We are all playing a game of hot potato and hoping we aren't the last ones holding these 'coins'.

  • Ion on 24/01/2018 - 21:56
    +6

    Started with $1000 into VTC when it was 20c in July 2017. Sold it at $5. Bought XMR at $80. Sold at $450. Bought XRB at 80c sold at $27. XLM in at 20c, out at 80c. XRP in at 40c, out at $3.

    Currently holding APPC, BNTY, PRL, LEND, VEN, ICX and re-added a significant amount of Monero. Monero is my biggest holding by far now. Others are potential moonshots.

    Have made enough to buy a house or two outright but I’m just going to stick with it until I don’t have to work at all.

    • kiLbiL on 24/01/2018 - 22:50
      +1

      good on you mate! but nowadays it's gonna take much much longer to make such profit starting off with 1000aud.

      • Ion on 25/01/2018 - 10:16

        Not really. Assuming the market does not crash completely, I would take more risk of you are just starting with $1000. I chucked my $1000 into VTC which back then wasn’t in the top 100 and believed in the tech. I think PRL or BNTY are great low market cap coins that can easily do 5-10x in the coming months which should give you a lot more to play with.

        • amazonaddict on 25/01/2018 - 15:39

          Bought few of them :). Thanks for sharing your research though :) And, of course, congratulation!

        • Ion on 25/01/2018 - 22:56
          +1

          @PopCounty:

          Yeah I got into BNTY at 25c and PRL at a $1.50. Saw them go to 95c and $4.5 respectively while I was overseas and couldn’t touch them. Came back and they are were back at where I bought them at. Disappointed but I’m confident they will pump again.

    • pixxelpusher on 25/01/2018 - 00:26
      +2

      Wow nice work! I remember years ago when I was going to put $1000 into bitcoin at about $50 each, but thought it was too expensive. Oh well, the pension always looks good haha.

    • Michaelz101 on 25/01/2018 - 01:28
      +1

      Hard to be in alts atm. If you like monero have a look at sumokoin.

      • Zilch on 25/01/2018 - 03:43
        +1

        It's like XVG except it's not shit

    • TurkishDelight on 25/01/2018 - 02:32

      @Ion Great! I am holding some but bought all ATH. Hope it will be worth after 5-6 months.

      • Zilch on 25/01/2018 - 03:52

        What did you buy at an ATH?

        • TurkishDelight on 26/01/2018 - 00:23

          XRB lol I bought it for AU$50 (this coin makes my eyes bleed when I look at my folio).

        • Zilch on 27/01/2018 - 06:32

          @TurkishDelight:

          how old are you?

    • maxitaxi100 on 25/01/2018 - 03:45

      Have you looked into what the best way is to go about paying tax?

      • Zilch on 25/01/2018 - 04:00
        +1

        $180,001 and over
        $54,232 plus 45c for each $1 over $180,000

        Normal tax rules apply, so above would be what he'd pay.

        If you don't cash out for a year you'll be able to pay capital gains tax at 30% for when you do choose to cash out.

        However, your best option would be to convert XMR into Gold and put that in an overseas account :)

      • freakatronic on 25/01/2018 - 07:42
        +6

        Just cash out into a foreign account in a tax haven. It's not like Australia helped you make any of it. It's not like Australia spends tax dollars especially well. Why would you try to pay extra tax?

    • Bargaingeek on 25/01/2018 - 16:16

      Good for you, July-Dec 2017 was the best bull run in Crypto history, i have no doubt you made six figs out of $1000. I got it much earlier than you, few years ago and had only to start with $400.

      However i made a mistake not putting in more money in the July-Dec 2017 Bull run, as instead i was satisfied with watching my old portfolio grow into massive returns, i was so overwhelmed by the returns that it kept me away from throwing more money (which was a mistake). Now that i think of it if i threw in more in July 2017 on any of the coins i had in mind, i could have added significantly more profit to my overall portfolio.

      It's not too late IMO, 2018 will still be a bull year for crypto, there is still alot of people waiting to enter, but returns will be much lower as market cap heads to $1Trillion, you'll need to start with larger amounts, striking it big with a $100-$1000 like you or i did will be extremely rare unless u find a gem lucky with a very low cap coin.

      Returns will be like 10x-15x , vs the 1000x, 10,000x we were used to. Still good but not crypto good

      Cheers

      • Ion on 25/01/2018 - 20:21

        Sorry, should have been clearer - I didn't move out of them in and out of them in a linear order. Pretty sure, I went VTC in around 20-30c (can't remember the exact figure) and then all in on Monero at $80-90 in late October which did in fact go to $400+ over the next month or two. But I sold my Monero and diversified into a bunch of other coins like mentioned.

    • Zarcady on 25/01/2018 - 16:58
      +7

      Stop trusting blindly at what some guy says on the internet. Look at the timelines on what price he said he bought and sold each coins at and it will never add up. You started with $1k VTC and sold at $5 to jump straight into XMR to sell at the top at $450? And somehow made all these subsequent fantastic trades when most of these coins all mooned at similar timeframes? No way your initial outlay was enough to invest a significant position in any of these coins to make the gains you say you made.

      Stop Larping to all the normies here bro. Maybe you made some gains but make your gains abit more believable.

      And you are shilling Pearl and Bounty lul…

      • Ion on 25/01/2018 - 22:59
        -2

        Replied to the wrong guy accidentally but see my full reply above. Basically I went from VTC at $5 to XMR at $80 in late October. After I sold my XMR a month or two later, I diversified into the other alts mentioned. XRB really propelled me upwards and I only put in like $3k.

      • JIMB0 on 25/01/2018 - 23:12
        +2

        And he didn't even do the ozbargain thing of making a thread asking what to do with his fortune.

    • appletude on 25/01/2018 - 18:26

      Hey mate, is coinspot the way to buy coins?

      • ankor on 25/01/2018 - 19:27
        +1

        No. Compare the price that they charge for receiving a BPAY deposit vs other vendors like btcmarkets and independent reserve. Then compare their trading fees.

        The only reason why you need coinspot is if you desperately need an AUD/xx crypto coin pairing.

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