Crypto I'm conducting some research on Bitcoin

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

Join Australia's most dynamic and respected property investment community
  1. Shogun

    Shogun Well-Known Member

    Joined:
    26th May, 2018
    Posts:
    909
    Location:
    Perth
  2. Dan Donoghue

    Dan Donoghue Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    1,534
    Location:
    Gold Coast, QLD
    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
     
  3. Dan Donoghue

    Dan Donoghue Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    1,534
    Location:
    Gold Coast, QLD
    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 :).
     
  4. Dan Donoghue

    Dan Donoghue Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    1,534
    Location:
    Gold Coast, QLD
    Back into positive vs Start for the first time in a year :):

    upload_2019-4-8_8-10-43.png
     
    sharon, inertia and Silverson like this.
  5. Silverson

    Silverson Well-Known Member

    Joined:
    11th Jun, 2016
    Posts:
    667
    Location:
    Melbourne
    This has been great to follow!
    The power of dca!
     
    Dan Donoghue likes this.
  6. Dan Donoghue

    Dan Donoghue Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    1,534
    Location:
    Gold Coast, QLD
    Here we go peeps, this months update :)

    upload_2019-4-23_8-48-57.png
     
    albanga, Silverson and TMNT like this.
  7. Dan Donoghue

    Dan Donoghue Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    1,534
    Location:
    Gold Coast, QLD
    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 :).
     
    sharon, Fitzy1903, Toon and 3 others like this.
  8. Dan Donoghue

    Dan Donoghue Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    1,534
    Location:
    Gold Coast, QLD
    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.
     
    Toon and Brady like this.
  9. Ouga

    Ouga Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    887
    Location:
    "Trying is the first step towards failure" Homer
  10. albanga

    albanga Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    2,562
    Location:
    Melbourne
    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
     
  11. Danieljk101

    Danieljk101 Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    158
    Location:
    Sydney
    Well IOTA got to over $5 last bull run, it’s currently 36c. Can’t go to bad buying it now...
     
    albanga likes this.
  12. albanga

    albanga Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    2,562
    Location:
    Melbourne
    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!
     
  13. Dan Donoghue

    Dan Donoghue Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    1,534
    Location:
    Gold Coast, QLD
    This months update :)

    upload_2019-5-15_9-10-30.png
     
    albanga, vfn, Mandy Choi and 2 others like this.
  14. Dan Donoghue

    Dan Donoghue Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    1,534
    Location:
    Gold Coast, QLD
    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 :).
     
  15. geoffw

    geoffw Moderator Staff Member

    Joined:
    15th Aug, 2005
    Posts:
    8,511
    Location:
    Canberra
    But with a little set aside for CGT. (Which is far better than having losses to be used for future offsets).
     
    Dan Donoghue likes this.
  16. Dan Donoghue

    Dan Donoghue Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    1,534
    Location:
    Gold Coast, QLD
    CGT aint gonna be much, they will just reduce my return :)
     
  17. Ouga

    Ouga Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    887
    Location:
    "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 !
     
    Toon likes this.
  18. hammer

    hammer Well-Known Member

    Joined:
    26th Jul, 2010
    Posts:
    2,280
    Location:
    Darwin
    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.
     
    Toon likes this.
  19. Dan Donoghue

    Dan Donoghue Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    1,534
    Location:
    Gold Coast, QLD
    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.
     
    Silverson, EN710 and Toon like this.
  20. Dan Donoghue

    Dan Donoghue Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    1,534
    Location:
    Gold Coast, QLD