Crypto I'm conducting some research on Bitcoin

Discussion in 'Other Asset Classes' started by Dan Donoghue, 9th Feb, 2018.

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  1. Shogun

    Shogun Well-Known Member

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    Shogun, 2nd Apr, 2019
    #61
  2. Dan Donoghue

    Dan Donoghue Well-Known Member

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    Yeah I’m only down 650 since the start of the experiment now..... give it a few days and it will go back down lol
     
    Dan Donoghue, 2nd Apr, 2019
    #62
  3. Dan Donoghue

    Dan Donoghue Well-Known Member

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    This is today:

    upload_2019-4-3_14-54-27.png

    With the volatility of Crypto it will be interesting to see what happens between now and the 15th when I normally update this sheet (Although this month it will be the 20th as I am on vacation on the 15th :).
     
    Dan Donoghue, 3rd Apr, 2019
    #63
  4. Dan Donoghue

    Dan Donoghue Well-Known Member

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    Back into positive vs Start for the first time in a year :):

    upload_2019-4-8_8-10-43.png
     
    Dan Donoghue, 8th Apr, 2019
    #64
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  5. Silverson

    Silverson Well-Known Member

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    This has been great to follow!
    The power of dca!
     
    Silverson, 8th Apr, 2019
    #65
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  6. Dan Donoghue

    Dan Donoghue Well-Known Member

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    Here we go peeps, this months update :)

    upload_2019-4-23_8-48-57.png
     
    Dan Donoghue, 23rd Apr, 2019
    #66
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  7. Dan Donoghue

    Dan Donoghue Well-Known Member

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    We are now showing a profit (10.76% in total or 20.45% since last month). Hopefully the profit remains for the update in a couple of days.

    It's really interesting that if we ended the experiment after the 12 months our takeaway from the data would be that Crypto was terrible and would not amount to anything.

    However at this point with very different results we come back to the old saying there is timing the market and there is time in the market, it looks like time in can erase the problems presented by timing in this case.

    Looking forward to tracking this on to the end of the year, I cannot in any way predict what will happen :).
     
    Dan Donoghue, 13th May, 2019
    #67
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  8. Dan Donoghue

    Dan Donoghue Well-Known Member

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    Big night for Crypto last night, now at 22.18% total and 32.88% vs LM

    Official update to sheet will be tomorrow (15th every month to stop any data fudging with me picking and choosing when to update :))

    What is super interesting is the growth since the start of the year. This year my holdings have grown by 165.87%

    And a completely meaningless but interesting bit of data, I pegged it every month all the way down, the first month that I stopped putting money in is when it has turned around. Funny how things work out.
     
    Dan Donoghue, 14th May, 2019
    #68
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  9. Ouga

    Ouga Well-Known Member

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    "Trying is the first step towards failure" Homer
    Ouga, 14th May, 2019
    #69
  10. albanga

    albanga Well-Known Member

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    Why is it now that I want to put back into topping up my IOTA holdings. Clearly I don’t heed Warren Buffett’s advice. Haha
     
    albanga, 15th May, 2019
    #70
  11. Danieljk101

    Danieljk101 Well-Known Member

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    Well IOTA got to over $5 last bull run, it’s currently 36c. Can’t go to bad buying it now...
     
    Danieljk101, 15th May, 2019
    #71
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  12. albanga

    albanga Well-Known Member

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    Yeah I know. I originally bought it at 50c and then topped up a few times during its bull run. Had a nice little paper profit before the bear took over.

    36c in comparison is a steal. I’m just not sure I can bring myself to topping up further.
    I’m fairly confident of another bull run though!
     
    albanga, 15th May, 2019
    #72
  13. Dan Donoghue

    Dan Donoghue Well-Known Member

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    This months update :)

    upload_2019-5-15_9-10-30.png
     
    Dan Donoghue, 15th May, 2019
    #73
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  14. Dan Donoghue

    Dan Donoghue Well-Known Member

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    After 18 months, I have decided to can this project.

    Final stats are brilliant so I think I will use the $ to pay for my next cruise :).

    upload_2019-6-5_9-5-48.png

    Thanks to everyone that came on this data journey with me, I hope you all enjoyed it :).
     
    Dan Donoghue, 5th Jun, 2019
    #74
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  15. geoffw

    geoffw Moderator Staff Member

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    But with a little set aside for CGT. (Which is far better than having losses to be used for future offsets).
     
    geoffw, 5th Jun, 2019
    #75
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  16. Dan Donoghue

    Dan Donoghue Well-Known Member

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    CGT aint gonna be much, they will just reduce my return :)
     
    Dan Donoghue, 5th Jun, 2019
    #76
  17. Ouga

    Ouga Well-Known Member

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    "Trying is the first step towards failure" Homer
    Why don’t you recoup your initial outlay and leave the rest in there? If you believe in the long term potential of cryptos, you really could end up regretting not leaving even a little bit in there.
    IMO, this is still early days, lots more to come.
    I think if you keep even just a bit it’ll keep you interested in the space even if you stop your current project.
    Thanks for sharing your journey !
     
    Ouga, 5th Jun, 2019
    #77
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  18. hammer

    hammer Well-Known Member

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    I'd keep it in there Dan.

    Crypto is way to volatile for a traditional investment, but can really rock if you put in play money and forget about it.

    Buy a ledger nano s , shove all the crypto on there (or a paper wallet) then have another look at it in 10 years time.
     
    hammer, 6th Jun, 2019
    #78
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  19. Dan Donoghue

    Dan Donoghue Well-Known Member

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    Rest assured i'm not out of the game with Crypto, just decided to end this particular project and cash in for a holiday :).

    I will be doing a $250 a month investment into it again and will do so for more than a year this time, I believe in the power of this asset class and I do think there is much potential ahead for it :).

    Once my stock investment project finishes, I won't do that one again, I don't have the time to research where to put the funds to make it worthwhile for me.
     
    Dan Donoghue, 6th Jun, 2019
    #79
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  20. Dan Donoghue

    Dan Donoghue Well-Known Member

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    Dan Donoghue, 6th Jun, 2019
    #80
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