Don’t invest unless you’re prepared to lose all the money you invest. This is a high‑risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

Wine connoisseur who sold their BTC just before the boom

April 25, 2020
CoinJar
AuthorCoinJar
Wine connoisseur who sold their BTC just before the boom

Welcome to Crypto in Conversation, where we’re de-bunking the how, why and what of crypto investments. We’ve asked crypto fanatics about their cryptocurrency, trading advice, trading pitfalls and their favourite tech gadgets.

Introductions

Name

Alex*

Age

24

Location

Melbourne

Occupation

Data Scientist

The details

Provide a breakdown of your cryptocurrency portfolio

50% BTC and 50% XRP

Do you invest in anything other than cryptocurrency?

Yes. I have some Gold investments.

How often do you check the price?

Weekly. My intention is to hold my investments long term so I just want to keep tabs.

What have been your best and worst cryptocurrency investments?

I had some BTC that I unfortunately sold just before the boom.

Have you ever paid for anything with crypto?

I have paid for my VPN subscription using crypto.

What are your most reliable sources for trading advice?

Makeup, my cat and wine. Local Australian wines are some of my favourites.

What is your favourite thing to spend money on?

iPhone. Easy to use, aesthetically pleasing and integrated well with my other devices.

iPhone or Android?

Android, ALL DAY! Apple has fallen behind with hardware, and software is too restrictive.

Favourite tech gadget?

Wireless headphones. I am always listening to music and these allow me to do that working out in the gym and also while cooking at home.

What finance apps do you currently use?

CoinJar, banking apps and Beem It.

Do you have any advice for people who want to start in cryptocurrency?

The best thing to do is not to get discouraged when you don’t sell at peaks. Market research can help a little when it comes to looking at price patterns and trying to figure out optimal times to sell.


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*Names have been changed for privacy

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Don’t invest unless you’re prepared to lose all the money you invest. This is a high‑risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

Cryptoassets traded on CoinJar UK Limited are largely unregulated in the UK, and you are unable to access the Financial Service Compensation Scheme or the Financial Ombudsman Service. We use third party banking, safekeeping and payment providers, and the failure of any of these providers could also lead to a loss of your assets. We recommend you obtain financial advice before making a decision to use your credit card to purchase cryptoassets or to invest in cryptoassets. Capital Gains Tax may be payable on profits.

CoinJar’s digital currency exchange services are operated in the United Kingdom by CoinJar UK Limited (company number 8905988), registered by the Financial Conduct Authority as a Cryptoasset Exchange Provider and Custodian Wallet Provider in the United Kingdom under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, as amended (Firm Reference No. 928767).

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Your information is handled in accordance with CoinJar’s Privacy Policy.

Cryptoassets traded on CoinJar UK Limited are largely unregulated in the UK, and you are unable to access the Financial Service Compensation Scheme or the Financial Ombudsman Service.

We use third party banking, safekeeping and payment providers, and the failure of any of these providers could also lead to a loss of your assets. We recommend you obtain financial advice before making a decision to use your credit card to purchase cryptoassets or to invest in cryptoassets. Capital Gains Tax may be payable on profits.

CoinJar’s digital currency exchange services are operated in the UK by CoinJar UK Limited (company number 8905988), registered by the Financial Conduct Authority as a Cryptoasset Exchange Provider and Custodian Wallet Provider in the United Kingdom under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, as amended (Firm Reference No. 928767).

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