AMA round 2: I manage a multi-million Crypto Portfolio

Google Block$$$
Dec 14, 2017 832 Comments

Update: just posted an update!

Check out this post! "Block$$$ update: Here are ones I’m looking at for January! (Crypto)"
https://us.teamblind.com/s/irN5FDzJ

Update: Mon 12/18 1:09am PST
Block$$$: Crypto “watch” of the week - ICX
https://us.teamblind.com/s/t8hFfwpR

***********************************************
Original Post:

Hey people of Blind. Thank you for all of your warm messages.

History:

I posted an AMA not too long ago and the response has been amazing. (for the most part)

First AMA:
“I manage a multi-million Crypto Portfolio AMA (Finance)"
https://us.teamblind.com/s/u51z6TqK

Markets change fast and it’s been an exciting few weeks so I’d like to try and share updates and do my best to answer questions.

Couple of guidelines:

*Please ask questions directly on this thread, I was overwhelmed by Private Messages and was literally unable to answer them.

*I expect duplicate questions but let’s try and read through to avoid that as much as possible.

*Please refrain from trolling on this thread. If you don’t like crypto or speculative trading, just don’t comment.

*I’ve gotten several messages around donations. I’ve made a new Ethereum address. And will think of what to do with this. :) maybe a Blind lottery?

0x5A24E9bC2b1De8b097817075B993453976c633E4

Thank you!

#blockchain
#crypto

AMA round 2: I manage a multi-million Crypto Portfolio
My Portfolio

comments

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TOP 832 Comments
  • Amazon fnuLnu
    If you had to catch up to yourself starting today, how'd you go about it?
    Dec 14, 2017 4
    • Google Block$$$
      OP
      Best question so far. When I first started, I allocated every second of every minute I had to this. Often working from home or taking vacation time to try and go to meetups. I few to China, Mexico, New York, Vegas to attend all of the conferences. Made friends. Attended parties. Signed up for advisor gigs. It all had their networking effect. On top of that, tons of reading, twitter following, podcast listening daily.

      Then I had a period of messing up BAD on investments. Still do actually.

      It's imperative that if you want to learn the industry, just coming in to make a quick buck is never going to get you anywhere. I see a lot of people at conferences just hunting around for money. You have to get to a point where you can add value to the people you talk to. :) then they'll loop you into the stuff they know, invite you to their channels. and ICO's they are getting into. etc.
      Dec 14, 2017
    • Amazon fnuLnu
      "You have to get to a point where you can add value to the people you talk to."
      Bingo, that's the biggest entry blocker.
      Dec 14, 2017
    • Microsoft SaltyD
      “"You have to get to a point where you can add value to the people you talk to." —what does this even mean??
      Dec 15, 2017
    • Microsoft Bezoos
      @Block$$$ What are some of these podcasts and resources you used to get started?
      Dec 15, 2017
  • Microsoft etOA87
    I hope the market crashes and you instantly lose all of your money. I also think you just modified the html to make it look like you had that much money. Give us your wallet address(s) if you want us to believe you!
    Dec 15, 2017 7
    • New EBTIDA
      he could have a point on the DOM editing
      Dec 15, 2017
    • Microsoft etOA87
      @Gint, you’re the lemming if you believe this shit. The name of Microsoft was ruined long before me
      Dec 15, 2017
    • Google PICn50
      Everyone knows about dom editing and its possibility. Look at the stuff he posted, where things get pumped an all. As much as this pumping is fishy, so far all has checked.
      Dec 15, 2017
    • Google Block$$$
      OP
      I don’t need to convince you to believe me. You do you man. I’m just trying to share my experience so that others looking to explore this space has some context.

      The same way I got in. Couldn’t have done it without some good mentors.
      Dec 15, 2017
    • Uber / Eng
      trashBag

      Uber Eng

      BIO
      IlIIIllI
      trashBagmore
      No. You all give people too much credit when it comes to rationalizing gambling.

      Also, OP could be playing a long con.
      Don't for a second discount that.

      Here's thought experiment.

      OP can find a bunch of people and tell half of them XYZ is going to go up the other half that it'll go down.

      If it goes up, he keeps talking to group A.
      If it goes down, he talks to group B.

      Divide and repeat until enough people believe OP to give him all their money.

      TLDR;
      #1 Authority and credibility is not so hard to fake. If anyone wanted to. They could scam you for all you're worth.
      #2 the more op "gets it right". The more people buy into his suggestions and provide him liquidity to get out with a small profit.
      #3 the internet is full of suckers.
      Dec 16, 2017
  • Amazon / Other uztH12
    Please list your current holdings with % of allocations.
    Dec 18, 2017 3
    • Apple Oolala
      He aint stupid
      Dec 18, 2017
    • Google Block$$$
      OP
      Market is on 🔥🔥🔥
      Dec 19, 2017
    • Amazon / Other uztH12
      Sorry I don't understand the risk of posting your holdings and what % of your portfolio they are...
      Dec 19, 2017
  • Nvidia yuri
    What is the portfolio app that you use to keep track of your money?
    Dec 14, 2017 1
    • Google Block$$$
      OP
      I use blockfolio and hate my life.

      Can we join hands and make the greatest portfolio app ever? Please?
      Dec 15, 2017
  • Microsoft +66PM
    At some point you have to look at what these altcoins are actually building - I am in awe at what Substratum has pulled off especially post net neutrality https://m.youtube.com/watch?v=LPCfmiO4a4M
    Dec 15, 2017 10
    • Microsoft / Eng doublefree
      I never implied it was your coin genius, and pointing out a failure to actually demonstrate a technical capability makes me a douchebag? Nice, keep up that attitude, you'll make principal at MS in no time.
      Dec 15, 2017
    • Google Block$$$
      OP
      Geez guys. Haha
      Dec 15, 2017
    • Microsoft +66PM
      I already am Principal and do nothing
      Dec 15, 2017
    • Microsoft +66PM
      I spent most of this week playing indoor putt putt golf on our floor
      Dec 15, 2017
    • Google Block$$$
      OP
      I love Microsoft.
      Dec 15, 2017
  • Block$$$ - you are awesome. The info you've provided has put me ahead $20K. I'm doing all my own research but you have been valuable in being able to ask the right questions

    As far as altcoins go what are your thoughts on RaiBlocks, XMY, and RDD? Also, do you have any faith in TRON long term?

    At this point I've moved all the BTC and ETH I've owned into altcoins. My portfolio has 11 different altcoins (with LTC the one with the most market cap). Do you think I'd be wiser to also invest in BTC and ETH?
    Dec 25, 2017 0
  • Intel snafu
    Hey Block$$$, I made over 4x returns on EOS and have sent you several PM's to see if I can donate to you. Thank you for taking the time to answer everyone's questions.
    Dec 14, 2017 6
    • Google Block$$$
      OP
      0x5A24E9bC2b1De8b097817075B993453976c633E4
      Dec 14, 2017
    • FactSet WatAmIDoin
      You should specify what address that is for^
      Dec 14, 2017
    • Google Block$$$
      OP
      Ethereum
      Dec 14, 2017
    • Google Block$$$
      OP
      Haha
      Dec 14, 2017
    • Amazon rko
      What is the best currency to invest today? I am planning for long term and high gain
      Dec 14, 2017
  • Expedia / Eng 🚀 🏋🏅
    Top 5 coins for 2018?😊
    Dec 14, 2017 4
    • Google Block$$$
      OP
      You know one year in crypto land is like 20 years. Too hard to see that far.
      Dec 15, 2017
    • Google Block$$$
      OP
      But I should think about holiday rebalancing. ;)
      Dec 15, 2017
    • Expedia / Eng 🚀 🏋🏅
      Fair enough. Top 5 coins for holiday rebalancing?
      Dec 15, 2017
    • Uber childish
      +1
      Dec 22, 2017
  • Blizzard NVpT21
    What are some good podcasts to listen to about crypto / bitcoins / altcoins. Thank you for answering our questions, it's very helpful!
    Dec 14, 2017 2
    • Google Block$$$
      OP
      I listen to epicenter and one by Laura shin. I forget the name!
      Dec 15, 2017
    • Netflix Jwjif
      Unchained
      Dec 15, 2017
  • Microsoft / Eng
    nFhH66

    Microsoft Eng

    BIO
    I play a better Mercy than you do.
    nFhH66more
    What’s it like to have a job managing money in what’s been called “the most obvious bubble ever”?
    Dec 14, 2017 2
    • Google Block$$$
      OP
      It feels great knowing that people who are calling it a bubble and a "scam" are missing out on the greatest opportunity of their life time. :)
      Dec 14, 2017
    • Uber / Eng
      trashBag

      Uber Eng

      BIO
      IlIIIllI
      trashBagmore
      Yeah. It's called not being stupid.
      Dec 15, 2017
  • Google tIcU55
    Ok can u plz go into our internal Google crypto discuss group and host a seminar or something. Plz
    Dec 14, 2017 3
    • Google tIcU55
      But for my real question: what do you plan on doing now? Big purchases or change in lifestyle?
      Dec 14, 2017
    • Google Block$$$
      OP
      Hahaha no I’d rather stay here. :) in the shadows of Blind.

      Will continue to invest, network, and expand my knowledge in this space. No major purchases, no extravagant lifestyle.
      Dec 14, 2017
    • Microsoft Named
      X vdtgbbimo
      Dec 14, 2017
  • Checkr / Eng Insurance?
    This is awesome!
    I don't know if people have asked these kind of questions yet but I'm interested to know more about how you feel about holding such a portfolio.

    - What makes you not want to cash out and stop working?

    - How does it feel to have had such a massive wealth increase in such short amount of time? I guess it would be similar to winning lottery?

    - Do you stay low key and humble about it?

    - Has your lifestyle changed in any way? Did you buy any expensive toys like cars etc...

    - Are you generous with your family / friends. Do you give back to charity. Have you heard about pineapplefund?

    - What is your money goal? When are you gonna stop? Do you do it for the money or does it become just a numbers game.

    Thanks for doing this. It's great to hear from the lucky crypto winners.
    Dec 14, 2017 2
    • Google Block$$$
      OP
      I’m busier than ever because there is so much to learn in this industry. I don’t actively trade I just find projects that I’m interested in hearing about new interesting things that are going on in the shadows and invest long-term.

      I haven’t bought any extravagant toys I normally otherwise would not have. I thought about buying a nice sports car when I hit $3 million. Then decided that keeping that money and crypto would probably be a better investment. Turns out I was right.

      I have been way more giving family and friends. I don’t tell them my crypto wealth. I’m connected to other whales, major funds hedgefunds, influencers in this space. And it’s been very exciting seeing this space grow.

      Massive wealth in short period? I don’t know. Doesn’t feel any different. I was already very satisfied with my finances. Was never the type that chased money.

      I stay fairly low key. Which is why I’m posting on Blind. It just bother’s me a lot when people with zero context, often act like they know it all and brag about how they made money on LTC. Or how this is all a scam.

      No money goal. Impact goals. I’ve been investing more into Africa, Vietnam, and other poor parts of Asia that Blockchain could have a profound impact in.
      Dec 15, 2017
    • Uber / Eng
      trashBag

      Uber Eng

      BIO
      IlIIIllI
      trashBagmore
      Care to elaborate on why you DONT think this is a scam? You somehow got the Google tag. I assume you're worth some salt.
      Dec 15, 2017
  • BuildingConnected #harambe
    You work at google presently (and perhaps advise on boards of some blockchain based companies on the side). If you were to join a blockchain based company and really have an impact on their adoption and usage around the world, what project would you want to be a part of?
    Dec 14, 2017 1
    • Google Block$$$
      OP
      A protocol level project that beats Ethereum.

      Dfinity
      Dec 15, 2017
  • Microsoft +66PM
    It's all SUB & XLM for me. XLM has a top notch team - most the others are unknowns.
    Dec 17, 2017 6
    • Uber childish
      What do you think XLM could be at a year from now if you had to guess?
      Dec 17, 2017
    • Microsoft +66PM
      $10
      Dec 17, 2017
    • Uber childish
      Holy shit I hope so. That seems high though. That would put it pretty close to bitcoin
      Dec 17, 2017
    • Google Block$$$
      OP
      I wish, ;) I don’t hold a lot of XLM, but it’ll be long
      Dec 18, 2017
  • CoreLogic / Product
    Asiandude

    CoreLogic Product

    BIO
    Product Manager
    Asiandudemore
    OP probably doubled his fortune with BCC hitting CoinBase.
    Dec 19, 2017 4
    • NeuLion / Eng
      jakub

      NeuLion Eng

      BIO
      Author of digital DNA.
      jakubmore
      Was just thinking that
      Dec 19, 2017
    • NeuLion / Eng
      jakub

      NeuLion Eng

      BIO
      Author of digital DNA.
      jakubmore
      I tried buying it and it bought bitcoin instead, gotta love technology lol
      Dec 19, 2017
    • Google Block$$$
      OP
      It’s BCH. And I didn’t have a lot.
      Dec 19, 2017
    • PayPal Tada
      Op what all coins are going to be listed in coinbase ?
      Dec 19, 2017
  • eBay rocking
    @Block$$$ so currently u hold EOS, QTUM, XLM, XRP, ZCASH, BCH ( Bitcoin cash ) , Bitcoin, OMG. Did I miss anything that u are holding ? Could you please elaborate what your plans on holding or selling for each of the coins ? This would help everyone in the group. Some of us I think apart from our own research we have seen great results from ur suggestions on coins. This way you have better mentors which helped u grew and everyone in this group have you so we all grow 😀 Also if u plan to buy some other coins short terms please give us insight. Thank you in advance.
    Dec 18, 2017 2
    • Google Block$$$
      OP
      I’m holding 15 more then that. But I will try and update if/when I make big moves.

      Recent ICO success was ICX. The price of ICX was $0.13 + a discount (which I cannot disclose)

      Right now, they are trading at $2.50+ was listed last night.
      Dec 18, 2017
    • eBay rocking
      So is it still good to enter ICX ? Any upcoming news or releases ?
      Dec 18, 2017
  • New rqkd10
    Is this photo real?
    Dec 14, 2017 5
    • Square Rrebnj3
      Super fake, done in dev tools. None of these nav points exist in the Coinbase architecture and the casing is inconsistent with what they actually use, ie “User tickets” should be “User Tickets”, etc. What even is management console? I’ve never seen any of this stuff before.
      Dec 14, 2017
    • Google Block$$$
      OP
      Wow. Someone did their homework
      Dec 14, 2017
    • Amazon / Eng Amazon.com
      Could be from an internal tool?
      Dec 14, 2017
    • Square Rrebnj3
      If it were an internal tool it probably wouldn’t have links to Careers and Legal & Privacy at the bottom.
      Dec 14, 2017
    • Netflix Jwjif
      I don't see how Coinbase, the most legally compliant exchange, is going to add XMR & DASH which sets all the AML/CFT bells ringing. These are the currencies that can be used for money laundering (a secondary effect of generally preserving user privacy)
      Dec 15, 2017
  • Amazon / Eng sjskid
    1 whats the best way to learn about tax if i traded cryptos on exchanges? 2 do you buy alts with eth?
    Dec 14, 2017 4
    • Google PICn50
      Tax? Every sale is a taxable event, short term capital gains taxes if you keep it less than a year
      Dec 14, 2017
    • Amazon / Eng sjskid
      Basically, if i buy multiple cryptos on different occasions, sell half at a higher price, and buy more again at the similar price, then i have to pay the tax for the gain from the realized gain (selling profit - average cost of purchases). Is this right?

      If i have multiple of such transactions, should I hire an CPA (invested 20k with 10k profit in the meantime)?
      Dec 14, 2017
    • Google PICn50
      Keeping track of all this is cumbersome, so feel free to export data from exchanges frequently(in case they go bust). There are recent changes with respect to fifo etc, so lets assume it is fifo.

      If you buy at 10 coins 10$ each, and then it shoots to 100, and you sell 5, for these five coins, your basis is 10, gain is 90 per coin. 90*5 is 450$ you have to pay stcg on this. If you are in wa, you only pay federal, in ca you pay state as well.

      Btw, stcg is same rate as income tax, so it is almost as if it is earned income. The diff is you can tax harvest
      Dec 14, 2017
    • Pinterest goooogle
      For tax purposes, cointracking.info is really good at importing all info from all exchanges and automatically finding the dollar cost at buy and sell time. Check out the free version first but if you think youll eventually want the upgrade, use my referral link for 10% off the upgrade (https://cointracking.info?ref=J104582)
      Dec 14, 2017
  • Google ambronn
    Thanks for your inputs on eos.. I made my first profit on crypto coz of that. What are your top picks now??
    Dec 14, 2017 2
    • Google Block$$$
      OP
      Congrats! Please tell me more. Did you get in early? ;)

      I’m not certain, but when I hear of an amazing nugget, I’ll share here.
      Dec 14, 2017
    • Google ambronn
      I got in at 3$.. That's really early as I would not have bought it if not for your advise... With confidence I gathered from that, I purchased xrp, ltc and xlm... Got very few trx just to gamble... Doubled my investment in one week.. :)
      Dec 14, 2017
  • LinkedIn $$$$$$$$$
    What are you most bullish on? Best recommendations for 2017
    Dec 14, 2017 2
    • New / Mktg
      BeKind2You

      New Mktg

      PRE
      AKQA
      BIO
      I've worked in advertising for the last 16 years on global brands and digital campaigns. Now I run a small digital production team.
      BeKind2Youmore
      Yes would love to get recommendations from you.
      Dec 14, 2017
    • Google Block$$$
      OP
      I dunno. The entire market is up so it’s hard to decide. But I think I’m seeing a potential upside in BCH and zcash this coming year.
      Dec 14, 2017

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