How much money did you gain/lose in crypto?

Nvidia Brouwer
Feb 27 549 Comments

As the dust settles and we’re doing taxes, curious what peoples’ experiences have been in the great crypto boom and bust of 2017-2018!

Also bonus: did you mine or buy?

Me: ~-$100 in “play” money via buying

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TOP 549 Comments
  • LinkedIn dkdkd
    200k
    Feb 277
    • Nvidia Brouwer
      OP
      Winner right here 😅
      Feb 27
    • LinkedIn dkdkd
      Forgot - sign.
      Feb 27
    • Nvidia Brouwer
      OP
      😭😭😭
      Feb 27
    • LinkedIn cnshsiwk
      Lol
      Feb 27
    • Amazon / Design
      pirateking

      AmazonDesign

      PRE
      One Medical
      piratekingmore
      I think I need to get job at LinkedIn
      Feb 27
    • Amazon Izzypop
      Oh man- that went from hero to zero real quick....
      Feb 27
    • Google Rly?RLY!?
      This thread was riveting.
      Feb 27
  • Microsoft CastleRaid
    1.8 million. Bought 2010. Sold early Dec 2017. Hired a CPA. Got the right paperwork. Paid Uncle Sam my dues. Still read about it but don’t invest. Was never in it for the greed. Just loved the early enthusiasm. Too much noise now.
    Feb 272
    • Microsoft huiii
      Wow, congrats. Great timing
      Feb 27
    • Microsoft CastleRaid
      Thanks. Just got lucky. I sold at 16,900+. I think it went to 19K+ two weeks after that.
      Feb 28
  • Amazon OlAl28
    Nice try IRS
    Feb 270
  • This comment was deleted by original commenter.

    • Microsoft LqIR76
      Damn. baller
      Feb 27
    • Tesla / Otherh4hcxey3
      Whoa. Are you still working for funsies or traveling around the world surrounded by Insta models?
      Feb 27
    • Snapchat redsocks
      Holy cow
      Feb 27
  • New holler
    +$306,254. Got in very early. DCA on the way up over the years. Sold everything Dec 15 2017. I treat it like lottery winnings and keep it anonymous. Nobody around me knows.
    Feb 276
    • Google / EngMr Glass
      Why not buy a house with it?
      Feb 27
    • New holler
      I have a house already (3000sqft at $250k). I'm happy with my life as-is. I've watched others spend their earnings and return to broke. I'm not interested in exhausting my FOF (fuck-off-fund).
      Feb 27
    • Amazon / Design
      pirateking

      AmazonDesign

      PRE
      One Medical
      piratekingmore
      Except us ... :D
      Feb 27
    • Google / EngMr Glass
      But why not invest it
      Feb 27
    • New bvram
      Great. I sold too early and only made $2k
      Feb 27
    • New / Englzf66
      Mr Glass, he already answered your question once.
      Feb 27
  • Microsoft PggR83
    $2m through mining. Sold at peak. Retired now
    Feb 274
    • Walmart.com QTFP86
      You mean you lost 2mn and retired then?
      Feb 27
    • Nordstrom Nepotism
      Time to give up your Microsoft blind access if you're retired then. Byeeeee
      Feb 27
    • Walmart.com QTFP86
      That sound so xutiyapa in bluff too
      Feb 27
    • New / Product
      s108

      NewProduct

      BIO
      Mostly startups. Interested in exploring new opportunities in Los Angeles.
      s108more
      Don’t think you can retire on $2m unless you live in Idaho
      Feb 27
  • United Wholesale Mortgage zpyM13
    I mined bitcoin around 2011 and found my wallet after years of forgetting about it. I made about 168k
    Feb 271
  • Optum / ITzkzkzkzk
    Well, I got goxed and lost 118 bitcoins... you can do the math
    Feb 283
    • Facebook / EngEntBlind
      How so?
      Mar 1
    • Microsoft CastleRaid
      Mt Gox. Look up its history.
      Mar 3
    • Microsoft / Eng
      MgIr74

      MicrosoftEng

      PRE
      Amazon
      MgIr74more
      Ouch.
      Mar 22
  • Salesforce / Engcorgos
    $3MM. Eth ICO and pre-gox BTC, mostly mined via LTC. Flipped a bunch of small caps during the bullrun in 2018.

    I paid all my taxes as well.
    Feb 276
    • Microsoft nonillion
      +1 for paying taxes
      Feb 27
    • Amazon OlAl28
      Why the fuck are you still working at Salesforce?
      Feb 27
    • Bloomberg bbg86
      Remember, you are on Blind.
      Feb 27
    • Google JqBx48
      $3 MM buys you a decent house. There's food, children and living costs after that. Not everyone wants to FIRE wilth $40k per year.
      Feb 27
    • Twilio / Engtwlo
      Safe inflation adjusted withdrawl rate on $3M is $105/yr, not $40k JqBx48
      Feb 27
    • Amazon OlAl28
      And not all of us want to retire in the bay area
      Feb 28
  • Bain & Company ioAl18
    -$4.5M, had to start working again..
    Feb 275
    • Nvidia Brouwer
      OP
      Sorry to hear brah
      Feb 27
    • Expedia Ytdj51
      Wow, i feel really bad now. Did you go all in or something?
      Feb 27
    • Microsoft / Product
      Brazuka

      MicrosoftProduct

      PRE
      Bain & Company
      Brazukamore
      What? Nobody's that stupid. especially a Bain partner.
      Feb 27
    • Microsoft huiii
      Seriously?
      Feb 27
    • I lost moar.
      Feb 28
  • Ripple lsiefsja
    Down 100k... Practically catching the falling knife
    Feb 274
    • Expedia Ytdj51
      Oof and you work for Ripple? Did you sell or just paper loss?
      Feb 27
    • Ripple lsiefsja
      That's precisely the issue. The more I'm working on it, the more I believe in the tech. But alas, bear market
      Feb 27
    • New LGwK11
      Good to know Ripple is hiring the best and brightest lmao
      Feb 27
    • Adobe / Eng
      abcdxyz123

      AdobeEng

      PRE
      Yahoo, PayPal
      BIO
      Software engineer architect manager big data platforms
      abcdxyz123more
      What is the use of ripple’s tech. Anyone using it for real?
      Mar 1
  • Microsoft plftkb
    +$650k. Out in Jan 18. Bought back in Jan 19, hodling through 2023. Oct 2023 will be the next BTC peak (but don't buy BTC) at $163k/BTC. You heard it here first
    Feb 2715
    • Microsoft plftkb
      Market cap. Find public ledgers that target Enterprise use cases. Fiat isnt going away. I'm not shilling my own investments because (circular) I'm not a shill. Reiterating: I couldn't care less what you buy or don't buy. OP posted a question and I answered
      Feb 27
    • New LGwK11
      Shilling is all about intent. There were tons of coins that claimed enterprise partnerships that are now trash. You have to be more specific, or not at all.
      Feb 27
    • Microsoft plftkb
      Actually I don't have to do anything. I'm heavily invested in 2 projects, above all I want them to see organic adoption. I have no interest in being the advertisement or their freelance marketer.

      Partnerships != Working code achieving Enterprise requirements

      Partnerships != Deployed POCs
      Feb 27
    • New / Engjo2305
      Large players already have enterprise solutions. IBM has hyperledger, Azure/AWS have their own consortium Ethereum cloud, R3 Corda, Walmart Labs, etc. What makes you think some small project will make a difference in an enterprise use case, when the bigger players already have existing solutions and the best connections in the market?
      Feb 27
    • New LGwK11
      Ohhhh nooo @plftkb is heavy into eos
      Feb 27
    • New LGwK11
      Or tron. Either way makes me vomit in my mouth a little.
      Feb 27
    • New LGwK11
      @jo2305 yes but most of those aren't public ledgers.
      Feb 27
    • New / Engjo2305
      I don't think large corporations would want all their supply chain data broadcasted on a public ledger. Public decentralized ledgers certainly have their use cases but I don't think 'enterprise' is the right adjective here
      Feb 27
    • Microsoft plftkb
      Wrong and wrong. The two coins I'm in aren't in the top 100 mcaps on CMC. There's your hint. But since you mention EOS, I can't be clear enough: fuck that junk.
      Feb 27
    • Progress / Eng
      NullRefEx

      ProgressEng

      PRE
      Nokia, Microsoft
      NullRefExmore
      ±10k all earned through fast micro transactions with a ton of different CCs (Binance). I used large value purchases and sells to make small variance worth the time. Sold Eben at the time ETH was just over $1k. (my Coinbase report looks like a mess, a frenzy of transactions)
      Feb 28
  • Microsoft MSFTHR
    0. Not dumb enough to gamble on something imaginary.
    Feb 275
    • LinkedIn tendies
      Cringe
      Feb 27
    • Microsoft nonillion
      You're so cool and smart and we should all strive to be as smug in hindsight as you. Thank you you wonderful wonderful soul.
      Feb 27
    • Amazon / EngjC2w0x
      I understand some ppl don't want to take risks, but if you think crypto is imaginary dumb thing, you are really dumb...
      Feb 27
    • Cisco drh787
      Same. But more simple. I just don’t invest in something I don’t understand the value of.
      Feb 27
    • New sizuu
      Because other money like dollars can be found in nature?
      Mar 2
  • Broadcom Ltd. honestkid
    You should not waste your money in crypto. You buy hoping that next person will buy it higher. So probability of crashing it increases as its values increases.
    Feb 272
    • Expedia Ytdj51
      You mean like every other asset?
      Feb 27
    • Sigh. You sound like Buffet.
      Feb 28
  • Microsoft / SalesSudoCode
    You don't lose money if you never sell...👉🏿😏

    I'm negative on LTC, bought around $250/coin
    Mar 36
    • Amazon / Engn0v
      You lose money the moment you buy. Trading cash for worthless figments of mathematics. Hoping to find a bigger fool before the tower of cards falls down.
      Mar 3
    • Microsoft moramba
      > worthless figments of mathematics

      3edgey5me
      Mar 5
    • Amazon / Engn0v
      Like buying tulips between 1634-1637
      Mar 5
    • Microsoft moramba
      Scarcity == value. Engineers should take more 100lvl finance classes in school
      Mar 5
    • Amazon / Engn0v
      Toxic waste is scarce and not valuable. Water is not scarce, yet extremely valuable.
      Mar 6
    • Microsoft moramba
      Don't tell wall st
      Mar 6
  • Bought 20 bitcoins at $8 a pop back in 2012 and spent them all on silkroad.
    Feb 281
  • Amazon / Design
    pirateking

    AmazonDesign

    PRE
    One Medical
    piratekingmore
    40K
    Feb 274
    • Amazon / Design
      pirateking

      AmazonDesign

      PRE
      One Medical
      piratekingmore
      I'm in unrealized loss though :) To da moooooonnnnn 😂
      Feb 27
    • Nvidia Brouwer
      OP
      Dogecoin FTW!
      Feb 27
    • Amazon / Eng
      eisenhwr

      AmazonEng

      PRE
      Google
      eisenhwrmore
      Hodl!
      Feb 27
    • Google / EngMr Glass
      HODL!!!
      Feb 27
  • IBM
    OVFn18

    IBM

    PRE
    IBM
    BIO
    Technical Sales zSystems SW
    OVFn18more
    +8m got into btc in the mtgox days
    Feb 287
    • New / Eng
      bluejorts

      NewEng

      PRE
      Teladoc
      BIO
      Upload my brain
      bluejortsmore
      Rip mtgox
      Feb 28
    • Nextdoor / MktgZ5gk3z
      😂 sure
      Feb 28
    • Microsoft plftkb
      It's very realistic. $550 investment at $100, sold at $15k nets $8m. I wish I did that lol
      Feb 28
    • eBay FdUz56
      Yeah with 5500 not 550
      Feb 28
    • IBM
      OVFn18

      IBM

      PRE
      IBM
      BIO
      Technical Sales zSystems SW
      OVFn18more
      I’m not some master trader or anything. I bought a few hundred worth when it was ~30c mined more when it was possible with gpus. Ended up with about 3k btc. Sold a ton early on and liquidated the whole stack when it was sub $7k
      Feb 28
    • Verizon Media llllIII
      You must be that 0.1% that actually made it and makes everyone want to invest. Congrats. Couldn’t you just retire and live off of investment of that money for rest of your life? You could get like 100k no problem per year! Live like a king in mid US
      Feb 28
    • New / Engjo2305
      Do you think there will be another bull run or is it all over? You liquidated your whole stack but will you ever buy BTC again?
      Feb 28
  • I was up almost $600k, took $10k (my cash invested) off the table. Still up $70k, not counting what I took out
    Feb 276
    • Fair.com / Eng
      TpWD16

      Fair.comEng

      PRE
      Apple
      BIO
      🦑
      TpWD16more
      Similar here!
      Feb 27
    • Xchange Leasing / Ops
      AL1337

      Xchange LeasingOps

      PRE
      Xchange Leasing, Fair.com
      AL1337more
      Hi fair friend
      Feb 27
    • Google / EngMr Glass
      Ah the sweet lessons of greed!
      Feb 27
    • Fair.com / Eng
      TpWD16

      Fair.comEng

      PRE
      Apple
      BIO
      🦑
      TpWD16more
      Xchange Leasing! Hi!
      Feb 27
    • Wolters Kluwer gtUY05
      Lucky
      Feb 27
    • Xchange Leasing / Ops
      AL1337

      Xchange LeasingOps

      PRE
      Xchange Leasing, Fair.com
      AL1337more
      What team are you on? Fair friend
      Feb 27
  • Spotify smrtrchild
    Mined 30 btc in college (2011-2013). Sold them for <10 bucks each for beer money. Most expensive beers I've ever drunk.
    Feb 272
    • LeanTaaS ♥️ data
      You must be still high :)
      Feb 28
    • Microsoft CastleRaid
      I remember someone paying 10K BTC for a pizza. It was in 2009 I think.
      Feb 28
  • TEKsystems nvpx34
    Was early in BTC, mined as well, still have over $400k, down from peak of 1.2 mil. I've lived through $1 to $32 bubble, $5 to $140, $70 to $1300, and now $400 to $20k, just hodl
    Feb 271
    • Amazon / Design
      pirateking

      AmazonDesign

      PRE
      One Medical
      piratekingmore
      Best advice ever.
      Feb 27
  • Airbnb zmil37
    Started in 2017 with 20k. At peak my portfolio was worth 500k+ in Jan 2018. I even paid ~10k in taxes for 2017 crypto to crypto trades. Stupid me didn’t sell ANY into USD. Now my portfolio is worth 14k or so. :^) expensive lesson learned.
    Feb 271
    • AT&T / Salesef4515
      My eyes hurt after reading this :/
      Feb 27
  • Amazon / Engn0v
    None. Why would I waste money on some ridiculous digital currency with zero intrinsic value.
    Feb 271
    • Facebook uRGX22
      🤦‍♂️
      Feb 27
  • +$300. I invested zero money, but got 10$ worth of free Bitcoin from coinbase for signing up which is now worth about 300$
    Feb 271
    • Cohesity weeii
      When year did you sign up
      Mar 1
  • Leanplum blings
    I'm ~100k up.
    At its peak, I was about 600k up.

    Didn't cash out at the right time, but still did well overall.
    Feb 271
    • Google dpdjiax
      Ah that's terrible! That's a quick half million lost. Could have bought half a house here
      Feb 27
  • eBay / EngNimple
    560k.
    Feb 280
  • Veritas tadh
    -5000
    Feb 270
  • Box NPjN02
    $10k
    Feb 272
  • Bank of America / Otherdev/random
    Bought $10k of BTC when it was at $325.
    Feb 271
    • Shopify / Mgmt
      i38ge4angt

      ShopifyMgmt

      PRE
      Apple
      i38ge4angtmore
      nice move
      Feb 27
  • Boeing iHfS07
    Got $2.50 from someone on reddit in 2013. Topped out at $400. Sitting at around $150 now. Idk what I'm doing or how to use it 🙂
    Feb 270
  • Intuit z9nkay
    Infinite returns. I bought none but got some for free when I signed up for Coinbase.
    Feb 270
  • Microsoft BarFoo
    I have a whole tray full.
    Feb 270
  • Aon Hewitt helloooo1
    Anyone buying ripple now?
    Feb 286
    • Hell no
      Feb 28
    • Veritas I’mTired
      Well, Coinbase just added XRP a few minutes ago. Buy the bounce! Lol
      Feb 28
    • New jlijlfd
      No.

      If banks wants something to for payment solution, they will use stable coin not something can drop 50% in price in few seconds
      Feb 28
    • Uber œ
      Stellar over ripple.
      Mar 1
    • Microsoft plftkb
      JPM coin was the first nail in XRP's coffin. Ripple is trying to sell banking software. Banks will build a consortium of their own coins available to them and institutional investors. Ripple is dead in the water and the tokens have always been worthless.

      Pets.com was a $300m company at one point.
      Mar 1
    • Visa FoffBoy
      even visa has a blockchain solution they're trying to gain momentum with for cross border b2b payments
      Mar 5
  • Hubspot / Biz Dev
    hubspot

    HubspotBiz Dev

    PRE
    Groupon
    hubspotmore
    +1.2mil. Eth, Xrp
    Feb 276
    • Qualtrics IgKu64
      When did you buy and sell
      Feb 27
    • Hubspot / Biz Dev
      hubspot

      HubspotBiz Dev

      PRE
      Groupon
      hubspotmore
      Bought Eth at $8. Sold at ~$570.
      Feb 27
    • Providence Health & Services S-PgM
      If you used TurboTax, I can't imagine your reaction when you see the amount owed shows up.

      Edit: own/owed.... I can't engrish
      Feb 27
    • Hubspot / Biz Dev
      hubspot

      HubspotBiz Dev

      PRE
      Groupon
      hubspotmore
      The amount of taxes I owed on April 15, 2018 was upsetting.
      Feb 27
    • Wolters Kluwer gtUY05
      No way to fool IRS, maybe cash out in a tax heaven like Belize are you an American citizen? How feasible is this approach?
      Feb 27
    • Hubspot / Biz Dev
      hubspot

      HubspotBiz Dev

      PRE
      Groupon
      hubspotmore
      Too risky to try @s-pgm
      Feb 27
  • Question to those still invested: did any of you take the losses for tax?
    Feb 285
    • Amazon iwkP83
      Yes I did, almost doubled my tax return
      Feb 28
    • Xchange Leasing / Ops
      AL1337

      Xchange LeasingOps

      PRE
      Xchange Leasing, Fair.com
      AL1337more
      How do you take losses fortax?
      Feb 28
    • PayPal yarcg
      I did too
      Feb 28
    • Amazon iwkP83
      1099b
      Mar 1
    • RetailMeNot three mice
      Sold everything for ~17k loss. Harvested the loss last year to offset some capital gains
      Mar 5
  • Google UFRU87
    +$2.5M before tax. $1M tax bill. Still can't buy a decent house around here 😒
    Mar 14
    • Nvidia Brouwer
      OP
      Nice! Prices so high. Can always retire/move to a non VHCOL area as one option
      Mar 2
    • Visa FoffBoy
      probably reflects why you work at google lmao, nice job
      Mar 5
    • Nvidia Brouwer
      OP
      Btw @UFRU87 did you mine, buy low, or something else?
      Mar 5
    • Amazon manduckpig
      You pay taxes for crypto?
      Mar 7
  • Macquarie Nooob
    Lost 400k but have been buying and have a position of around 700k now
    Feb 273
    • Amazon / Design
      pirateking

      AmazonDesign

      PRE
      One Medical
      piratekingmore
      Nice. What are you trading in and out of?
      Feb 27
    • Clover Network
      iaJT60

      Clover Network

      PRE
      Google
      iaJT60more
      Position does not mean profit though right?
      Feb 27
    • Uber / Eng
      Rqwx5o

      UberEng

      PRE
      Google
      Rqwx5omore
      He'll be -600k by the end of the year
      Feb 28
  • AngelList sFlp34yfee
    Made 500k
    Feb 273
    • Apple shnndyhsh
      This must’ve been all about the timing right? Bought in at a low point, and sold at one of the highs yeah??
      Feb 27
    • New bvram
      Awesome
      Feb 27
    • Amazon / MgmtDayWon
      Isn’t that how making on any investment works?
      Mar 1
  • Microsoft huiii
    I bought 0 so 0 loss and 0 gain. I feel sorry for those who lost much money and happy for the guys who made a lot.
    Feb 270
  • Centene Kvasir
    It’S nOt A bUbBlE gUyS
    Feb 270
  • Quicken Loans whatabtbob
    Zero... it was too bubbliciously stupid.
    Feb 270
  • Oath mail+home
    Made 500k. Bought a home. Now worried about paying taxes.
    Feb 2713
    • eBay / IT
      manorama

      eBayIT

      BIO
      Coder
      manoramamore
      @CastleRaid - how are rules affected as you mention it is considered as property ? It is still long term capital gains ?
      Feb 28
    • Wells Fargo / Engostrich1
      It is considered a capital gain or loss in the eyes of the IRS so those rules apply.
      Feb 28
    • eBay / IT
      manorama

      eBayIT

      BIO
      Coder
      manoramamore
      But those rules is exactly the same as stock . So what is the differentiating factor when you said about treating it as property versus a stock ?
      Feb 28
    • New LGwK11
      It's not exactly the same. I'm not a cpa and this is not advice, but you can manipulate the tax burden by how you claim fungibility of the coins. E.g. FIFO vs LIFO or whatever.
      Feb 28
    • New LGwK11
      Also, wash trading is legal. Even though most exchanges claim it breaks their TOS.
      Feb 28
    • eBay / IT
      manorama

      eBayIT

      BIO
      Coder
      manoramamore
      Wash trading was always legal . It is just that you don’t get tax benefit on those for claiming tax loss harvesting
      Feb 28
    • eBay / IT
      manorama

      eBayIT

      BIO
      Coder
      manoramamore
      Tax burden can also be calculated for stocks in same manner like FIFO or LIFO , hence asking what is difference
      Feb 28
    • New LGwK11
      Nah fam, the SEC does not let you wash trade.
      Feb 28
    • Microsoft CastleRaid
      I don’t remember what the difference is because it is considered property. I let CPA handle and file everything.
      Feb 28
    • eBay / IT
      manorama

      eBayIT

      BIO
      Coder
      manoramamore
      Feb 28
  • New kazaam
    Peak was at $1.7m. Now back down to $33k, lost ~$25k
    Feb 274
    • New / Product
      nicebot

      NewProduct

      BIO
      Need leads to PM roles in SF. Thank you!!
      nicebotmore
      What led to losing it? Messed with dumb alts during the peak?
      Feb 27
    • Wolters Kluwer gtUY05
      Why didn't you took it out at 1.7M? Greed?
      Feb 27
    • New kazaam
      Greed it was! Then also messed with some upcoming alts on the way down, now those are worthless!
      Feb 28
    • PayPal GkNQ32q
      Did you at least take screenshot ?
      Feb 28
  • Facebook Fffffffffd
    -250000 mining and buying
    Feb 274
    • Yahoo Pointsetta
      Like you invested 250k or u made 250 and lost it all
      Feb 27
    • Activision Blizzard others
      U got money ur at Facebook
      Feb 27
    • Facebook Fffffffffd
      I invested $600k and lost $250k. It made me sick to my stomach
      Feb 27
    • Activision Blizzard others
      See guys this is what too much leetcode does to your brain .
      Feb 27
  • Apple sjsbdwqaii
    0 as I’m still HODLing hard
    Feb 271
    • Microsoft / Product
      Brazuka

      MicrosoftProduct

      PRE
      Bain & Company
      Brazukamore
      Lol, you lost then
      Mar 3
  • This comment was deleted by original commenter.

    • IBM tAhj86h
      Yeah IRS, this is the guy right here
      Feb 27
  • Can't lose unless you sell low
    Feb 271
  • Microsoft pappa
    Anyone who has bet their professional life/career on bitcoin? 😊
    Feb 270
  • Salesforce Peednasper
    -20k😞😞
    Feb 270
  • Quicken Loans QOQj36
    If you are still hodling your crypto/btc, and you're saying you're at a loss, perhaps you dont understand the purpose of crypto
    Feb 270

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