Who's invested in Cryptocurrency

SteveTheWinner2017 · 27 December 2017 at 7:52PM

Hi, I'm a member of many Facebook groups but wanted to see how many UK people here have invested in Cryptocurrency? Have you managed to make a profit? Have you spent any of your profit?

I've been investing for several months now and In 2018 i'm hoping that my investments make me a millionaire due to the amount of holdings I have.

jennyjj · 27 December 2017 at 7:58PM

SteveTheWinner2017 wrote: »

In 2018 i'm hoping that my investments make me a millionaire due to the amount of holdings I have.

Good luck with that.

FYI I hold about £3k in bitcoin derivatives within my Sipp.

But it WILL crash

robpw2 · 27 December 2017 at 7:59PM

i invested £10 only because i cant afford the current rates but i thought it would be interesting to see if i can make any money the day after bit coin fell by 30% suffering a huge loss .. so i doubt im going to be a millionaire any time soon but i am interested to see if i can make a couple of quid

AlexTheLion · 27 December 2017 at 8:00PM

I'm in,

Hold a couple hundred XRP, ADA, XLM and TRX. Along with around 400 IOTA. Picked up a Litecoin in the latest dip @£175.

Discussed various Crypto currencies with guys I work with, spent around 3-4 weeks reading about various projects whilst waiting the price go up on nearly all of them on a daily basis so took the plunge. I have only invested in an amount of money I can walk away from. It is very addictive and can see many people getting burnt on putting more and more fiat in.

My main objective with a lot of the coins is to hold medium to long term as I believe the projects behind them could flower into something actually relevant. Though have made a few hundred USD on trading NEO and XVG recently.

You must hold a fair amount to be on your way to 1 million congrats!

Bonnie151 · 27 December 2017 at 8:04PM

I purchased Bitcoin (ages ago) and Ethereum and Litecoin (both last summer). I have absolutely *not* invested in it and anyone who thinks it is an investment is insane.

I haven’t sold any yet but do have an exit strategy- hopefully will be selling some Bitcoin in a few months.

ChesterDog · 27 December 2017 at 8:28PM

I have a Bitcoin.

It's worth about three or four times what it was when I bought it.

I bought it on the understanding that I expect it to become almost worthless, but that if it doesn't then it could be a fruitful gamble.

If it rises to five times what I paid for it, then I intend to convert a fifth back into sterling to recover my initial stake.

If it falls to zero even from quite a high value, it will make little difference to me financially. Well, almost none really.

I have lots of investments. This isn't one. This is just an interesting game.

Naf · 27 December 2017 at 9:24PM

Over the past 18 months I've made quite a bit of profit (% wise) from Bitcoin. I purchased £100 worth, spent £90 across 12 months, and had £120 left at the end. That grew to around £800 before I withdrew £500 to invest in IOTA instead. I received another £150 from some BTC at launch, and $90. The value had climbed further but then dropped again before I took the rest out.

I now have $1,000 in IOTA.

I'm tinkering with it and trying to keep making some profit from simple buy low sell high. So far I manage to make the odd $10 here and there, but I'm getting better hahaha.

Zoea · 27 December 2017 at 10:26PM

AlexTheLion wrote: »

I'm in,

Hold a couple hundred XRP, ADA, XLM and TRX. Along with around 400 IOTA. Picked up a Litecoin in the latest dip @£175.

Discussed various Crypto currencies with guys I work with, spent around 3-4 weeks reading about various projects whilst waiting the price go up on nearly all of them on a daily basis so took the plunge. I have only invested in an amount of money I can walk away from. It is very addictive and can see many people getting burnt on putting more and more fiat in.

My main objective with a lot of the coins is to hold medium to long term as I believe the projects behind them could flower into something actually relevant. Though have made a few hundred USD on trading NEO and XVG recently.

You must hold a fair amount to be on your way to 1 million congrats!

Wow sir you are doing it right!
I'm holding mainly ADA XLM and a touch of ETH I'm not really in this for the money (like you would rather support actually good / progressives projects) but I put in just over 3k and it's now about 7k which is ok for under 20 days lol.

But sure it's a big bubble and quantum computing is about to come launnch a big nuke on all this so be warned. Still, it's cool for now, and some algos will likely come thru.

AlexTheLion · 27 December 2017 at 10:37PM

Zoea wrote: »

Wow sir you are doing it right!
I'm holding mainly ADA XLM and a touch of ETH I'm not really in this for the money (like you would rather support actually good / progressives projects) but I put in just over 3k and it's now about 7k which is ok for under 20 days lol.

But sure it's a big bubble and quantum computing is about to come launnch a big nuke on all this so be warned. Still, it's cool for now, and some algos will likely come thru.

Who knows! But it's certainly funny reading one of the other threads regarding Bitcoin, containing posts from 2011-2013 with people laughing at the $10 sellers when it was worth $40. Posts from couple of years on with people laughing at the $40 sellers when it was worth $100's! I could read this in 5 years time with an enjoyable return, or I could read this laughing at how it never came to anything.

darren72 · 4 January 2018 at 12:38AM

I'm using Coinbase myself, but interested in getting some XRP (Which Coinbase don't offer yet). What other platforms offer this with reasonable fees ?

alvaronistal · 4 January 2018 at 11:49AM

You can buy XRP on eToro. Haven't used it myself, but it seems the most straightforward way without getting in exchanges like Binance or Bitfinex.

Who's invested in Cryptocurrency

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