Tag Archives: Investment

Portfolio Investment – 04 for April, 2018

Portfolio Investment – 04 for April, 2018

S. No. Name Buy Rate Amount Buy Total
1 Bitcoin  $ 7,418.13 1  $   7,418.13
2 Ethereum  $    402.63 5  $   2,013.15
3 Litecoin  $    118.71 5  $      593.55
4 Ethereum Classic  $      15.15 20  $      303.00
5 Bitcoin Diamond  $        2.41 100  $      241.00
6 Komodo  $        2.46 100  $      246.00
7 Hshare  $        5.68 50  $      284.00
8 Cryptonex  $        5.08 50  $      254.00
9 MonaCoin  $        3.21 100  $      321.00
10 Emercoin  $        2.67 100  $      267.00
11 Nexus  $        1.47 300  $      441.00
12 Vertcoin  $        1.80 300  $      540.00
13 GameCredits  $        1.13 300  $      339.00
14 Ubiq  $        1.54 300  $      462.00
15 BridgeCoin  $        2.05 100  $      205.00
16 Asch  $        0.53 500  $      265.26
17 Peercoin  $        1.68 300  $      504.00
18 Viacoin  $        1.29 300  $      387.00
19 Metaverse ETP  $        0.71 500  $      353.20
20 Crown  $        1.15 500  $      575.00
Grand Total  $ 16,012.29

We’ll Succeed, Even if Bitcoin Ends Up Defunct

Dan Morehead, chief executive officer (CEO) and co-chief investment officer of struggling cryptocurrency hedge fund Pantera Capital, recently claimed that even if bitcoin fails like Pets.com did during the dot-com bubble, the hedge fund would still see investors make money. Continue reading We’ll Succeed, Even if Bitcoin Ends Up Defunct

20 Year Olds in South Korea “Most Active” in Cryptocurrency Investment

South Korean news agency, Yonhap, has reported that according to a recent survey, people in their 20s are the front-runners in cryptocurrency investment. The results are not surprising – younger generations from all around the world prefer investing in this new industry rather than stocks and bonds. Korea Financial Investors Protection Foundation surveyed 2,530 people, between the ages of 25 and 64, and found that 22.7% of 20-somethings bought cryptocurrencies. They were followed by people in their 30s by 19.3%, 40s by 12%, 60s by 10.5% and 50s by 8.2%. However, 60-year-olds were the ones who invested the largest amount of money in cryptocurrencies with an average total of 6.58 million won ($6,119). 50, 40, 30 and 20 year olds invested 6.28 million won ($5,840), 3.99 million won, 3.73 million won ($3,710) and 29.3 million won ($2,724) respectively. Altogether, 70.2% bought cryptocurrencies as a means of investment, while 34.1% bought it to pay for goods and services.

Reference: https://www.ccn.com/south-korea-20-year-olds-active-cryptocurrency-investment/

Liechtenstein’s Bank Frick Introduces ‘Direct’ Cryptocurrency Investment And Cold Storage

Liechtenstein lending institution Bank Frick now offers “direct investment” and cold storage of five cryptocurrencies, it announced in a press release Feb. 28, noting it is the “first” financial instituion in the country to do so. Aimed primarily at “professional market participants and financial intermediaries,” according to Frick, investment and storage is offered for Bitcoin, Bitcoin Cash, Litecoin, Ripple and Ether. The bank, which was founded in 1998, has sought to stand out from competition in the tiny European country, introducing a crypto investment and storage service that is “in demand” beyond its borders, it says. “Our services are in demand from companies across the whole of Europe,” chief client officer Hubert Büchel commented in the release. Despite Bank Frick being previously active in crypto-based products, the move appears to copy neighboring Switzerland, where institutions Vontobel and Falcon Private Bank have been offering exposure to crypto investments since as far back as 2016.

Reference: https://cointelegraph.com/news/liechtensteins-bank-frick-introduces-direct-cryptocurrency-investment-and-cold-storage

Austrian Bitcoin Scam

An alleged scam involving investments in bitcoin in Austria has reportedly affected over ten thousand investors in the country and around Europe. Details are emerging about an Austrian investment scheme, dubbed “Optioment”, where its operators have reportedly stolen some 12,000 bitcoins (approx. $116 million in current prices) from over 10,000 victims invested in the scheme. The scheme ran a website, now offline, claiming to be a ‘premier global Bitcoin investment product’ stemming from a ‘private Costa Rica-based bitcoin fund’. The scheme also claimed to have its ‘investment’ platform backed by assets over 35,000 BTC. A Die Presse report reveals investors were lured by the promise of soaring returns of 1.5%-4% per week on their deposited bitcoins. Investors were also rewarded for bringing new users into the fold. “OPTIOMENT pays you Bitcoins when you share it with your friends and business colleagues,” an excerpt from the now-defunct website, available on the Internet Archive. ‘Our unlevel compensation plan’s first level pays you 7%, second level 4%, third level 3% and way more. And it pays you everytime a member in your downline makes a deposit, not only for the first time but for every time. Active and Passive!’

Reference: https://www.ccn.com/austrian-bitcoin-scam-10000-victims-lose-12000-btc-115-million/