Do you own any cryptocurrency?

Do you own any cryptocurrency?

  • Yes

    Votes: 69 40.6%
  • No

    Votes: 101 59.4%

  • Total voters
    170

Bradley Prior

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Do you own any cryptocurrency?
 
Where is "Other"?
We always need "Other" in polls @Bradley Prior , pleez, ta


Other: Some members of my household have crypto, but not me.
 
Have about 180k in ETH. I put about 80K in long ago and have just held and withdrawn under the annual CGT limit a couple of times. So it's been a huge win so far. First investment that's ever done anything for me, I was having such bad luck with stocks and other things (EOH, Steinhoff lol)

But now with high bond/car interest rates, escalating rates, inflation, and other unforeseen personal issues... general savings is taking a hit. I'm in an unsustainable spiral, so have to make a plan. I'll try hold out as long as possible before I touch more.

Might have to spend every penny left to get out of SA.
 
Last edited:
I have a deep suspicion of Crypto. I think there is a lot of BS around it (especially alt coins and coin offerings).

But.. In 2017 I had two friends. One was a pretty savvy investor with a track record and one a friend that has a YOLO approach to life. The savvy investor told me to invest in Steinhof and the YOLO guys said Bitcoin for the win. I listened to the savvy investor and bought Steinhof at R15/share. Bitcoin was at $6000/bitcoin.

Obviously the outcome is I lost all my Steinhof money and bitcoin had a 1000% return.

So even savvy investors get it wrong. So now about up to 5% of my investments is in crypto (bitcoin and staked Ether).
 
So I was wondering. Why don't we launch a MyBB currency. For fun. Doesn't even have to be convertible. We just use Etherium code as a base and get proof-of-stake going.
 
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