My Crypto Portfolio
It has been awhile since I’ve updated my crypto portfolio. Older readers of mine may remember my crypto mining days.
My most recent update of cryptocurrencies was back in December 2018 when had about USD 288 (or approximately RM1,256). I have not made any additional investments since then.
My Take on Luno Malaysia
I have recently moved all my coins – Bitcoin, Ethereum and Bitcoin Cash to Luno’s platform.
The process was surprisingly simple and easy. Bear in mind that this is my first time sending / receiving coins.
It took around an hour for all my cryptocurrencies to arrive as they require confirmations on the blockchain.
As of today, my total crypto portfolio stands at RM3,808. For a roughly 1.5 year period, my return is about 200%.
I’ll be using Luno as a wallet to stash all my cryptocurrencies from this point on as well as an exchange to buy/sell.
The user interface is spot on and the support I’ve received from them with my inquiries has been outstanding.
Safety wise, Luno is the first regulated cryptocurrency exchange in Malaysia. And that’s saying something. They’re regulated by SC so there’s really nothing to worry about on that end.
My Take on Bitcoin
I’ve been monitoring cryptocurrencies, especially Bitcoin on and off for a few years now and I consider it somewhat similar to gold.
It could be (sort of ) a hedge against volatility and uncertainty in the economy. In that instance however, I’d still put my money on gold to beat every other asset class.
Bitcoin in itself is much more volatile compared to gold. However, with that volatility comes the opportunity for higher rewards.
As always, prior research and due diligence on your part is required before making investments. For any asset class.
Luno Malaysia Promo Code
As part of a collaboration with Luno Malaysia, we’ve come up with the perfect promotion for new users wanting to invest in Bitcoin.
Using the following code – LNDVDMAGIC50 , you will get RM50 worth of Bitcoin when you buy RM500 or more. That’s an instant 10% return on your investment.
If you’ve been wanting to own some Bitcoins, now is really the time to start.
Unfortunately, this promo is for new users only.
The full promo rules can be accessed hERE.
Please go through them carefully to meet the criteria for that RM50.
This promo will last till 31 December 2020.
As of 30 April, my crypto portfolio worth RM3,808 consists of the following.
- Bitcoin – RM2,763
- Ethereum – RM1,039
- Bitcoin Cash – RM4
Let’s see where the next wave will take us.
Onwards and upwards!