31-Dec-17 Prices from Coingecko in GBP Units Total units held Total price paid for units incl sales Avg net cost per unit incl. sales (GBP) Current price (GBP) Current value of holding (GBP) Profit/Loss (GBP) Bitcoin BTC 0.567 £1,158.93 £2,043.97 £9,828.72 £5,572.88 £4,413.95 Litecoin LTC 6.197 £328.89 £53.07 £158.05 £979.45 £650.56 Dash DASH 1.000 £244.00 £244.00 £759.39 £759.39 £515.39 Monero XMR 5.521 £488.39 £88.45 £251.55 £1,388.92 £900.54 Verge XVG 4921.074 £554.61 £0.11 £0.15 £723.89 £169.28 Augur REP 10.792 £152.28 £14.11 £47.87 £516.59 £364.31 OmiseGo OMG 19.449 £145.90 £7.50 £11.94 £232.22 £86.32 Decred DCR 5.537 £377.76 £68.23 £67.88 £375.83 -£1.93 £3,450.75 £10,549.19 £7,098.43 Date of first purchase Overall return Bitcoin 15/05/2017 381% Litecoin 04/09/2017 198% Dash 24/10/2017 211% Monero 24/08/2017 184% Verge 26/12/2017 31% Augur 19/09/2017 239% OmiseGo 25/09/2017 59% Decred 26/12/2017 -1% Percentage of total crypto portfolio Bitcoin 53% Litecoin 9% Dash 7% Monero 13% Verge 7% Augur …[Read More]
Augur (REP)
Be careful with the amount of fees you pay when playing with cryptocurrencies. It could get painful.
I was calculating my returns in my cryptocurrency portfolio. Something wasn’t quite adding up though. I couldn’t reconcile the amount of Bitcoin that I’d bought in total with the amount of Bitcoin that I had in my three Bitcoin wallets. I thought maybe I’d put some in another wallet that I couldn’t remember having. Uh oh. I went through every transaction. All purchases. All transfers. All switches into other altcoins. I was still 0.05 BTC out. Then it dawned on me. These must be the fees I’ve paid to move Bitcoin around. 0.05 BTC!! Even 6 months ago, at those prices for a Bitcoin, it works out as a large sum of money. At USD 2,000/BTC, that 0.05 BTC is 100 USD! At USD 15,000, that’s 700 USD! (Apologies for all the exclamation marks, but that’s a lot of money! Can you imagine how painful that would feel at USD …[Read More]
Is Augur a good project and should you buy Augur REP?
Augur is a prediction market platform based on blockchain technology (the crypto token is called Augur REP). It’s got a lot of positive coverage, it has a superstar adviser in Vitaly Buktarin and it’s now available to store in the Exodus wallet (along with its rival Gnosis). Before we look at whether this is good project and a good speculative play, here is an excerpt from their homepage: Here is their video introducing REP tokens: Okay got all that? Let’s look at the project itself. The main current world competitor to Augur and blockchain-based prediction markets are betting exchanges. In the UK, the best known of these is Betfair. Betfair is different to traditional non-exchange gambling platforms. In traditional gambling platforms, a bookmaker (or the market creator) sets the odds on an event happening. Eg if the bookmaker says that that snow on Christmas Day is even money, that means …[Read More]