I manage a multi-million Crypto Portfolio AMA

Google Block$$$
Nov 26, 2017 1,063 Comments

Update: so after this original post, I’ve gotten a ton of messages and compliments! Thank you! Will try and do these regularly.

Here is the new thread.

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

I see too many uneducated threads on Blind. Happy to answer as many questions as I can.

For the record, I mostly hold the top 3 and move into some of the more popular Alts.

#crypto
#blockchain
#bitcoin

Update: Thank you for all of the great questions! I think the thread is virtually unusable after several hundred comments so I’ll do another one soon.

Update 2: my Private messages are blowing up. My apologies for not being able to get around to responding all of them. But please try to ask on the AMA thread, as most questions I’ve seen were something that could benefit the community.

I manage a multi-million Crypto Portfolio AMA

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TOP 1,063 Comments
  • LinkedIn datagirl
    how old are you? are you married? #honestly
    Nov 26, 2017 8
    • Google Block$$$
      OP
      Just turned 30. Lol! I’m flattered, but I have a gf, but she thinks this is all fake money. Which is actually pretty good at the moment.
      Nov 26, 2017
    • VMware EgSF35
      @datagirl be like, “so he isn’t married. 👌🏼”
      Nov 26, 2017
    • Facebook Fgiooll
      R u into guys?
      Nov 26, 2017
    • VMware EgSF35
      Hahaha @Fgiooll
      Nov 26, 2017
    • eBay xgirsch
      A newbie question, how much of this could you cash in right now if you wanted to. To me it seems like all of it is liquid. How much would be the tax on it. Just like a normal share sale ?
      Dec 14, 2017
  • Apple iwUJTQ
    If I had 50k to invest into crypto right now. What should I buy?
    Nov 26, 2017 14
    • Google QkDx42
      Four options:

      1. Do research and make a careful choice. Everyone has a favorite, but there's 1000+ coins now. They're grasping at straws like everyone.
      2. Just buy Bitcoin. It may have 10x increases yet to come.
      3. Trust an anonymous stranger on the internet and wait for the BTC crash that historically _always_ follows these huge jumps, then buy at $3-4k.
      4. Gamble hard and just pick coins randomly, and hope for a winner.

      I tried #1 during the last surge (to $1k), carefully picking coins that seemed technically solid with interesting properties vs. Bitcoin. They're all more or less at $0. Just a word of warning.
      Nov 26, 2017
    • Yahoo ebno51
      Thank you so much for the detail, this helps out quite a bit! I will probably go with number two for a week or two, to number three after the crash, and number four for the fun of it

      Thanks again!
      Nov 26, 2017
    • Yahoo / Mktg
      hCcJ17

      Yahoo Mktg

      PRE
      Yahoo
      hCcJ17more
      Anyone from India here and have confusions in selecting the trading platform. Join this telegram channel. Let’s help each other.
      Nov 27, 2017
    • Yahoo / Mktg
      hCcJ17

      Yahoo Mktg

      PRE
      Yahoo
      hCcJ17more
      Nov 27, 2017
    • Lyft aks31wu0
      Was this the eos announcement you were taking about? (I hope not, yawn) https://cointelegraph.com/news/blockshow-asia-2017-begins-opens-with-big-eos-announcement
      Nov 29, 2017
  • Microsoft / Eng FUBAR U
    The people at the top of the pyramid pushing it a bit higher! Can't wait for the day it hits 0.
    Nov 26, 2017 11
    • Snapchat pokibowl
      Cause he's telling people to fuck off when people are talking about investing in crypto... Spouting shit off when he has no idea what crypto is makes him a moron.
      Nov 27, 2017
    • Microsoft / Eng FUBAR U
      This thread probably convinced someone to bet the farm on some coin, and they will lose it. People that pretend to be crypto experts (when this market is 100% irrational) are no better than all the other assholes that convinced people in the past to make terrible decisions with their money (eg penny stock brokers).

      In all liklihood this clown faked the screenshot, owns some of that alt coin, lied about insider info, all in an effort to drive up prices. See: ponzi scheme
      Nov 27, 2017
    • MongoDB 🚂___•___
      @pokibowl I researched a lot about crypto and I also think that its a ponzi scheme. Also there is no sane guy who thinks that people should loose their hard earned money. The very idea of treating something as currency without govt approval makes it risky and no one can deny that. He just feels strongly about it.
      Nov 28, 2017
    • Snapchat pokibowl
      Some alt coins might be no doubt, but definitely not Bitcoin and ethereum.
      Nov 28, 2017
    • MongoDB 🚂___•___
      I want to get convinced. Interested to know why you think that way.
      Nov 28, 2017
  • BuildingConnected #harambe
    Are you giving/gifting crypto to your family for the holidays this year?
    Nov 26, 2017 2
    • Microsoft Nhqm64
      I'm going to start my kids on some. May as well get their feet wet. They seem interested in it.
      Nov 26, 2017
    • Google Block$$$
      OP
      Not me. Don’t want to spike a gambling mentality in them. Takes a lot of maturity to invest here. It’s volatile. You have to be able to withstand losing 40% of your portfolio in a day and not panic selling.
      Nov 26, 2017
  • Google / Eng bigdot
    Is that all your money or do you invest other people's money too?
    Nov 26, 2017 5
    • Google Block$$$
      OP
      Mine. I invest with a group. Who all have their own money.
      Nov 26, 2017
    • Google / Eng bigdot
      So why bother working at Google? Why not retire?
      Nov 26, 2017
    • Lyft loopers
      Second...
      Nov 26, 2017
    • Google Block$$$
      OP
      I love my team and the project I work for. Also what is the point of retiring? Seems like an early death sentence to me.
      Nov 26, 2017
    • Lyft loopers
      Go travel and explore. If I had $17MM I’d be living, not working. But alas I do not and you do, so fuck me.
      Nov 26, 2017
  • Amazon Turgot
    This was very educational! I love it Applause 👏👏👏
    Nov 27, 2017 5
    • Microsoft
      yMcg47

      Microsoft

      BIO
      Amicitiae nostrae memoriam spero sempiternam fore
      yMcg47more
      What did you learn
      Nov 27, 2017
    • Yahoo
      jimyjammer

      Yahoo

      BIO
      “Aint nobody fucking my wife!!!”
      jimyjammermore
      Amazon Moron 😂😂😂
      Nov 27, 2017
    • Amazon Turgot
      - There is a lot insider trading in the crypto field.
      - Mining is not worth it, better trade/buy and hold.
      - Buy now or in the next dip.
      - No one knows how to handle crypto tax yet.
      - Pointers to many resources to learn keep up to date including groups and podcasts. I am not gonna repeat them.
      - Always use 2FA, different PW for each account and use a hardware wallet like ledger nano.
      - Get an account on every major exchange.
      - Diversify, good strategy is: 20% BTC, 30% ETC, rest in alt coins and ico
      - Find a mentor who is successful in this business.
      Nov 27, 2017
    • Amazon Turgot
      Leaving Amazon by the way Yahoo loser :)
      Nov 27, 2017
    • Yahoo
      jimyjammer

      Yahoo

      BIO
      “Aint nobody fucking my wife!!!”
      jimyjammermore
      Good for you 😎 Im riding bitcoin all the way to financial freedom
      Nov 28, 2017
  • Salesforce FREEZE!FBI
    Hey Block$$$ how do you intend to pull out 17m when the crash comes? Do you think your exchange actually has 17m+ USD when you try to withdraw.
    Nov 28, 2017 16
    • Broadcom Ltd. baykiter
      are there solutions for non-whales?
      Nov 28, 2017
    • Google Block$$$
      OP
      I don’t plan on withdrawing. Not in the crypto game to make a quick buck. I think Blockchain has the potential to be the next internet and I’d like to be a strong player in that field when that day comes.
      Nov 28, 2017
    • Amazon Daddyhere
      Is tangle a threat?
      Nov 28, 2017
    • Amazon ccak56
      Not right now Tangle is just a fancy term for a DAG. Long term probably but for now it’s pretty insecure which is why they have a coordinator lol 😂
      Nov 30, 2017
    • Amazon YJtO52
      How is investing in bitcoin makes u a strong player in the blockchain? Has nothing to do with the tech, it’s one use of it...
      Dec 23, 2017
  • Facebook OjcF11
    I have about 200k in crypto. I have no house. Should I cash out and use it as down payment? Or should I hodl and keep renting
    Nov 26, 2017 10
    • VMware EgSF35
      I hope his landlord doesn’t charge him interest.
      Nov 26, 2017
    • Microsoft
      yMcg47

      Microsoft

      BIO
      Amicitiae nostrae memoriam spero sempiternam fore
      yMcg47more
      His landlord charges rent which is usually higher than interest
      Nov 26, 2017
    • VMware EgSF35
      Ok you won. Happy?
      Nov 26, 2017
    • Microsoft
      yMcg47

      Microsoft

      BIO
      Amicitiae nostrae memoriam spero sempiternam fore
      yMcg47more
      Sweet. Doesn’t feel as satisfying as I originally thought
      Nov 26, 2017
    • Google Block$$$
      OP
      Anyone here commenting have $200k in crypto?

      I literally don’t know a single person with $200k in crypto who would cash out half to put it towards a down payment.

      If you’ve made a chunk of change to get to $200k, you are wired to think differently. Pretty much everybody who got in a few months ago made money and speeds that just don’t make sense.

      Please don’t throw senseless comments because it’s anonymous.
      Nov 26, 2017
  • Expedia miumr
    Have you cashed out to USD for living/ luxury expenses. What / how Do you file with Fincen and IRS. I have Btc worth 500K. Not sure if I should hold on or cash out. I don’t need the money currently, I have a decent job
    Nov 26, 2017 3
    • Microsoft
      yMcg47

      Microsoft

      BIO
      Amicitiae nostrae memoriam spero sempiternam fore
      yMcg47more
      Btc is just... I remember thinking 400 was peak
      Nov 26, 2017
    • Google Block$$$
      OP
      I have friends who talk about the last major bit coin party... which was for $10.

      I’ve mentioned the cashing out part here in there but I haven’t really cashed out much. Just a little bit to give allowance to my family maybe buy a couple of nicer for gifts this year
      Nov 26, 2017
    • Microsoft
      yMcg47

      Microsoft

      BIO
      Amicitiae nostrae memoriam spero sempiternam fore
      yMcg47more
      Bitcoin will crash when i get in. I will give you guys a warning.
      Nov 26, 2017
  • Oracle Gparticle
    When did you start purchasing crypto currency ? Also the lot size
    Nov 27, 2017 8
    • Apple / Eng Apl2Ggl
      400K!! I bow down to the size of your balls!! Well done
      Nov 28, 2017
    • Microsoft Macaroni
      Fortune favors the bold. You are a true inspiration OP
      Nov 28, 2017
    • Google Block$$$
      OP
      Hahaha I didn’t do it alone. A good friend of mine struck big with ETH and showed me the way.

      Crypto is complicated. And the rules often change on you.

      You need a Jedi master by your side.
      Nov 28, 2017
    • Microsoft Macaroni
      Block$$$, are you open to mentoring someone like myself?
      Nov 29, 2017
    • New / Other testicles
      Yep. I need a mentor as well!
      Nov 29, 2017
  • Google Block$$$
    OP
    I want to thank everyone for sending me private messages! I literally got like 50 of them so I will respond as soon as I can!!! But it will take a while! #blindismobileonly
    Nov 26, 2017 0
  • Facebook OjcF11
    How do i get into your group? Can u invite me to your chat thread?
    Nov 26, 2017 42
    • Salesforce BTC > 9000
      Denied
      Dec 1, 2017
    • Apple mapleleaf
      +1!!
      Dec 3, 2017
    • Cisco pkalra86
      Please add me as well, love to gain knowledge and earn money 😜
      Dec 3, 2017
    • Cisco pkalra86
      Guys, do we have the group created and can you please send me the invite ?
      Dec 3, 2017
    • Oracle bbblinddd
      +1!
      Dec 15, 2017
  • Facebook OjcF11
    Thanks to op, I made a good sum from eos! I bet the world is different from when you started this ama. Is there something else you would buy now?
    Dec 8, 2017 11
    • Uber / Eng
      trashBag

      Uber Eng

      BIO
      IlIIIllI
      trashBagmore
      For anyone reading these threads. If you know what you're doing. Good for you. If you're an unsophisticated investor seeking advice on blind... You're going to get FUCKED
      Dec 9, 2017
    • Uber / Eng
      trashBag

      Uber Eng

      BIO
      IlIIIllI
      trashBagmore
      OP. Stop fueling thus BS. A lot of people are going to get hurt.
      Dec 9, 2017
    • Microsoft / Eng
      Whatthethe

      Microsoft Eng

      BIO
      Hate coding quizzes but studying hard for better future!
      Whatthethemore
      @trashBag, we are all adults here. When it crashes, it will be upon them. When it flies and people exit with handsome profit, that is also on them. I don’t think you can police here without any evidence or clues. People know this is gamble and the risk is on them. I for one am enjoying this thread and may start investing. I just with this thread existed months before so I could have had motivation instead of focussing on stock and real estate investment.
      Dec 10, 2017
    • Uber / Eng
      trashBag

      Uber Eng

      BIO
      IlIIIllI
      trashBagmore
      No. This is a ponzi scheme. Its inherently evil. There is no value generated here. Just a zero sum redistribution of wealth.

      Think about it.

      What you're saying is that you deserve to take other people's money because you're better than them?

      Or that people deserve to lose their hard earned savings because they don't know better?

      Fuck. That. Shit.
      Dec 11, 2017
    • Nextdoor Jeff Bezel
      So is Uber. A Ponzi scheme for the investors.
      Dec 11, 2017
  • Google Block$$$
    OP
    Alrighty folks! Hopping off for the day. I may return to answer a few more questions, but it looks like things have quieted down. ;) bed time for me!
    Nov 27, 2017 3
    • Snapchat myhotdog
      Thanks OP. This thread is amazing.
      Nov 27, 2017
    • Google Block$$$
      OP
      Welcome! 😬
      Nov 27, 2017
    • Oath sMzI76
      Yep, thanks a lot
      Nov 27, 2017
  • Amazon Daddyhere
    Iota and ada, i told u guys yday
    Nov 27, 2017 15
    • Amazon Daddyhere
      Iotas richest address is ~1.5B which was 136M 20 days ago
      Dec 5, 2017
    • Microsoft uqCe06
      Also thoughts on upcoming btc fork and impact on alts, ie IOTA?
      Dec 5, 2017
    • Amazon Daddyhere
      Just waiting for it to buy in more iota
      Dec 5, 2017
    • Microsoft uqCe06
      Sigh Omkar Naik is basically a nobody at Microsoft...this is concerning. I hope his quote is not what all this news is based off of
      Dec 5, 2017
    • Amazon Broda
      His profile says solution head of blockchain tech
      Dec 6, 2017
  • Dropbox / Eng f(x)
    What exchanges do you recommend?
    Nov 26, 2017 7
    • Amazon uuuuu
      You can actually use gdax instead of coinbase. They are the same company, except you don't pay that commission in gdax. Also the accounts are linked
      Nov 26, 2017
    • New / Product B3h1nd
      Don't you need coinbase to buy btc with fiat?
      Nov 26, 2017
    • New / Other
      9th Comout

      New Other

      PRE
      SanDisk
      BIO
      SanDisk
      9th Comoutmore
      Why not Coinbase? They seem pretty transparent about forks and handling their volume. They are also one of the few US based exchanges. Are you based in the US? Because for us, exchanges are shying away for legal reasons and we have less choice overall. Best exchange for US citizens?
      Nov 26, 2017
    • Microsoft SpaceJocke
      I’d also like to know why not Coinbase.

      I’ve just got a tiny tiny drip of ETH going. I don’t pay attention, just did it for fun.
      Nov 27, 2017
    • Salesforce / Eng
      ShotCallah

      Salesforce Eng

      BIO
      Rainmaker
      ShotCallahmore
      If you plan on paying taxes Coinbase is the only way. IRS is already knocking on their door.
      Nov 28, 2017
  • HPE LPaC27
    What is fiat?
    Nov 27, 2017 3
    • Amazon Daddyhere
      Govt declared currency, like usd, cad etc
      Nov 27, 2017
    • Salesforce FREEZE!FBI
      😂😂😂😂😂
      Nov 27, 2017
    • Microsoft
      yMcg47

      Microsoft

      BIO
      Amicitiae nostrae memoriam spero sempiternam fore
      yMcg47more
      Some kind of car
      Nov 28, 2017
  • Square Dovetails
    Looks like that coward Uber troll deleted their posts after someone outed Uber as a bigger Ponzi scheme than Bitcoin. 😂😭
    Dec 11, 2017 1
    • Autodesk
      Dad

      Autodesk

      BIO
      Dad knows best
      Dadmore
      uber is such a shame to work for, zero ethics
      Dec 11, 2017
  • Microsoft rcxS02
    Thanks for your time Block$$$
    Nov 26, 2017 1
    • Google Block$$$
      OP
      :) too many haters for crypto.
      Nov 26, 2017
  • BuildingConnected #harambe
    What is the value of owning part of a blockchain that is not scarce (ie not bitcoin)? What do you really own - not a % of the company or anything?
    Nov 26, 2017 1
    • Google Block$$$
      OP
      You own utility in a service they are proving or promising to provide. It’s mostly speculation at this stage, but the industry is changing fast.
      Nov 26, 2017

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