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Author Topic: LoyceV's Legendary 10 Month 10 Person 10 Altcoin Investment Experiment: ENDED  (Read 5817 times)
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LoyceV
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July 16, 2017, 02:32:23 PM
Merited by OgNasty (1), Timelord2067 (1), apoorvlathey (1)
 #1

New topic: LoyceV's Legendary Small-scale 10 Month 10 Person 10 Altcoin Investment Experiment: ROUND 2



LoyceV's Legendary Small-scale 10 Month 10 Person 10 Altcoin Investment Experiment

I want to try something new, just for fun: 10 people each put 0.01 BTC ($18.80 now) in a pot, for which I buy 10 different altcoins. Every participant can choose one altcoin to buy. After the tenth person joined, I'll buy the altcoins at bittrex.com. 10 months later I'll sell everything, and return the pot equally (after fees taken by Bittrex and miners) to all participants. Every month I'll give an update here of the current values.


I would prefer to create a new Bittrex account just for this, but since they're implementing KYC, an anonymous account might not work anymore 10 months from now. So I use my existing account.

After joining, you agree to stay in until the 10 months have passed. You also agree to any altcoin the other participants pick. Note that the altcoins have to be available at Bittrex. Also note that you can lose (most of) your 0.01 BTC, but we can hope it goes up.

I'm a bit in doubt if I should open an address already, or wait until 10 people have joined. Waiting makes it a risk that people back out again, so I won't have 10 participants. For now I'll see if enough people are interested first. If less than 10 people join, this thread ends.
Update (September 26, 2017): It took 10 weeks for 10 people to join. If you joined, please check your address here and deposit 0.01 BTC. Please check if your wallet subtracts fees from the amount you send.

To join FULL! (pick an altcoin that hasn't been picked yet, and use an address you can still access 10 months from now)
Post this, replace my details:
Code:
Bitcointalk name: LoyceV
Altcoin I choose: GBYTE
I will pay 0.01 BTC once 10 people joined: yes
After 10 months, return my 10% to: 1foreverDArUNEX2gVD26vautcx3b8zTZ
I'll (try to) withdraw (which takes fees) my pick (GBYTE) to join the 10% airdrop, and deposit it back to Bittrex after the last airdrop and/or before the 10 months are over. If any other picked altcoin does a similar airdrop, please notify me.

Buy orders
The last deposit arrived on October 4, 2017. On the same day I bought 10 altcoins. Click for an overview.
For reference: 0.1 BTC is worth 433.60 now (Bitcoinaverage).


Sell all date
August 4, 2018


No spam
All my threads are now self-moderated to stop signature spam. I will remove all irrelevant posts. If you quote the entire OP, your entry will be deleted.
Once in a while I'll summarize posts and clean up this thread.


I want out!
You can't! Once you join, you agree to stay in for the full 10 months.


Unofficial waiting list for Experiment 2.0
Many people have shown interest to join a next version of this experiment. I'll open a new thread after month 8. I have an "unofficial waiting list" of people to notify.


Disclaimer
Although unlikely, several things can fail. Off the top of my head:
Bittrex can delist a certain altcoin if it's no longer worth anything.
I keep the altcoins on Bittrex. Bittrex can disappear. I don't expect it, but it has happened with other exchanges in the past. If this happens, your money is gone, just like my money. That's why I limit this thread to 0.01 BTC per person, consider it play money.
0.01 BTC of an altcoin can drop lower than 0.0005 BTC value, which is too low to sell it on Bittrex.


Why trust me
Check LoyceV's Legendary Campaign/Services Portfolio to see what campaigns I am managing.
Check Payments to see me share about $1220 after the June airdrop. Subsequent comments testify to this.
See my Trust summary (click "Untrusted feedback").
Check my staked address to see my account is not hacked.
If this isn't enough: it's just $188 including my own money, I have no intention to running with that. I do this for fun, otherwise it would probably not even be worth my time.
If this still isn't enough: thanks for reading, don't join Tongue

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July 23, 2017, 01:34:29 AM
 #2

Bitcointalk name: LightZ
Altcoin I choose: XRP
I will pay 0.01 BTC once 10 people joined: Yes
After 10 months, return my 10% to:  1KUZ6SRviH9YsoPHfJj7Xugo81wC7KiWrS

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July 23, 2017, 06:12:43 AM
 #3

Catwalks: OOPS, I used my middle mouse on delete instead of on quote, and without asking confirmation your post is gone Sad Please post again!
"GBYTE" was taken by me already, so pick another one please.

Bitcointalk name: LightZ
Altcoin I choose: Any
I will pay 0.01 BTC once 10 people joined: Yes
After 10 months, return my 10% to:  1KUZ6SRviH9YsoPHfJj7Xugo81wC7KiWrS
"Any" is not an altcoin, you'll have to pick one by yourself.

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July 23, 2017, 10:12:12 AM
 #4

Bitcointalk name: Catwalk
Altcoin I choose: litecoin
I will pay 0.01 BTC once 10 people joined: Yep
After 10 months, return my 10% to: 1DTjyg1jnKyXhhq1cg8aPufn8otQecxypD

No worries :p
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July 26, 2017, 04:02:53 AM
 #5

Bitcointalk name: Taras
Altcoin I choose: ETH
I will pay 0.01 BTC once 10 people joined: yes
After 10 months, return my 10% to: 1TarasQyKwPJRuod6qwh7n8BjMHC49ZNY

Do you have a time limit in mind for when this thread should end if not enough people show interest?
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July 26, 2017, 05:14:06 AM
 #6

Ripple or Dash? Ripple it is, edited the post.

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July 26, 2017, 09:14:57 AM
 #7

Do you have a time limit in mind for when this thread should end if not enough people show interest?
If I don't count myself, 3 people joined in 10 days. If I extrapolate, that gives 20 more days.
If needed, I could also change it into "8 Month 8 Person 8 Altcoin Investment Experiment" later. For now, I'll just keep this open and wait for more people to join. I don't really have a hard limit, that's also the reason I didn't give deposit addresses yet.


Who's in?

||BCT username|Altcoin chosen|Bitcoin return address|
|1. |LoyceV|GBYTE|1foreverDArUNEX2gVD26vautcx3b8zTZ|
|2. |LightZ|XRP|1KUZ6SRviH9YsoPHfJj7Xugo81wC7KiWrS|
|3. |Catwalk|LTC|1DTjyg1jnKyXhhq1cg8aPufn8otQecxypD|
|4. |Taras|ETH|1TarasQyKwPJRuod6qwh7n8BjMHC49ZNY|
|5. |you?|altcoin|addy|
|6. |you?|altcoin|addy|
|7. |you?|altcoin|addy|
|8. |you?|altcoin|addy|
|9. |you?|altcoin|addy|
|10. |you?|altcoin|addy|


Archived just in case it's needed later.

(I accidentally edited this post instead of copying it, I restored the original)

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July 27, 2017, 02:22:09 PM
 #8

Hello there Loyce! I'm finding it rather pleasant to be more and more familiar with the regular users of BCT. I'm definitely in, but my pick is somewhat reliant on the timing of the buy. Would we be allowed to confirm our pick just before you make the buy? If not, I'll enter a little later.

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July 27, 2017, 03:03:18 PM
 #9

Hello there Loyce! I'm finding it rather pleasant to be more and more familiar with the regular users of BCT. I'm definitely in, but my pick is somewhat reliant on the timing of the buy. Would we be allowed to confirm our pick just before you make the buy? If not, I'll enter a little later.
I'm okay with you choosing your altcoin at a later moment. But: if #10 beats you to it, you're not included. Is that okay?

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July 27, 2017, 03:17:04 PM
 #10

No that is not okay! Wink Here is my entry now. Let's assume you'll get the participants by your 20-day extrapolation. I reckon we'll get a few more after Aug anyway.

Bitcointalk name: buwaytress
Altcoin I choose: Peercoin
I will pay 0.01 BTC once 10 people joined: Yes
After 10 months, return my 10% to: 1MsY1HjLQQ6e8tiQZUyR5mdmShyWqGT7bk


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August 13, 2017, 09:37:14 PM
 #11

I will give it a shot (I think you should up the stakes a little bit maybe .05?)

Bitcointalk name: Blazed
Altcoin I choose: Waves
I will pay 0.01 BTC once 10 people joined: Yes
After 10 months, return my 10% to:  1bL43dPysh1TXQBRrQHdQRyEwN5H7qFrE

    ▄████████▄
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.......ADD.......
yahoo62278
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August 15, 2017, 08:14:26 AM
 #12

Who's in?

||BCT username|Altcoin chosen|Bitcoin return address|
|1. |LoyceV|GBYTE|1foreverDArUNEX2gVD26vautcx3b8zTZ|
|2. |LightZ|XRP|1KUZ6SRviH9YsoPHfJj7Xugo81wC7KiWrS|
|3. |Catwalk|LTC|1DTjyg1jnKyXhhq1cg8aPufn8otQecxypD|
|4. |Taras|ETH|1TarasQyKwPJRuod6qwh7n8BjMHC49ZNY|
|5. |buwaytress|PPC|1MsY1HjLQQ6e8tiQZUyR5mdmShyWqGT7bk|
|6. |Blazed|Waves|1bL43dPysh1TXQBRrQHdQRyEwN5H7qFrE|
|7. |you?|altcoin|addy|
|8. |you?|altcoin|addy|
|9. |you?|altcoin|addy|
|10. |you?|altcoin|addy|


Archived just in case it's needed later.

(I think you should up the stakes a little bit maybe .05?)
The 0.01 BTC per person already went up from $18.80 when I started this thread 30 days ago to $43.20 now. At this moment, I don't feel comfortable asking for $2k for 10 months, and getting 10 people to join takes long enough already. Maybe for the next round, for example: "5 Month 5 Person 5 Altcoin 50 mBTC".

If four more people join, we can start!

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September 15, 2017, 02:15:21 PM
 #13

Bitcointalk name: subSTRATA
Altcoin I choose: NEO
I will pay 0.01 BTC once 10 people joined: yes
After 10 months, return my 10% to: 1SubSiKMkZuqMBaCeqehVQ1zSunVBAER8
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September 16, 2017, 07:23:50 AM
 #14

Who's in?

||BCT username|Altcoin chosen|Bitcoin return address|
|1. |LoyceV|GBYTE|1foreverDArUNEX2gVD26vautcx3b8zTZ|
|2. |LightZ|XRP|1KUZ6SRviH9YsoPHfJj7Xugo81wC7KiWrS|
|3. |Catwalk|LTC|1DTjyg1jnKyXhhq1cg8aPufn8otQecxypD|
|4. |Taras|ETH|1TarasQyKwPJRuod6qwh7n8BjMHC49ZNY|
|5. |buwaytress|PPC|1MsY1HjLQQ6e8tiQZUyR5mdmShyWqGT7bk|
|6. |Blazed|Waves|1bL43dPysh1TXQBRrQHdQRyEwN5H7qFrE|
|7. |subSTRATA|NEO|1SubSiKMkZuqMBaCeqehVQ1zSunVBAER8|
|8. |you?|altcoin|addy|
|9. |you?|altcoin|addy|
|10. |you?|altcoin|addy|


Archived just in case it's needed later.

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September 24, 2017, 04:14:05 PM
 #15

BTC Renew is always looking for interesting and new opportunities. Will be glad to join in on this Smiley

Bitcointalk name: BTCRenew
Altcoin I choose: CIVIC
I will pay 0.01 BTC once 10 people joined: YES
After 10 months, return my 10% to: 135x2YKpPFdbQP9MHaCbbwPfVHc1itrxoz

Cheers!
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September 25, 2017, 08:38:29 AM
 #16

Who's in?

||BCT username|Altcoin chosen|Bitcoin return address|
|1. |LoyceV|GBYTE|1foreverDArUNEX2gVD26vautcx3b8zTZ|
|2. |LightZ|XRP|1KUZ6SRviH9YsoPHfJj7Xugo81wC7KiWrS|
|3. |Catwalk|LTC|1DTjyg1jnKyXhhq1cg8aPufn8otQecxypD|
|4. |Taras|ETH|1TarasQyKwPJRuod6qwh7n8BjMHC49ZNY|
|5. |buwaytress|PPC|1MsY1HjLQQ6e8tiQZUyR5mdmShyWqGT7bk|
|6. |Blazed|Waves|1bL43dPysh1TXQBRrQHdQRyEwN5H7qFrE|
|7. |subSTRATA|NEO|1SubSiKMkZuqMBaCeqehVQ1zSunVBAER8|
|8. |btcrenew|CVC|135x2YKpPFdbQP9MHaCbbwPfVHc1itrxoz|
|9. |you?|altcoin|addy|
|10. |you?|altcoin|addy|


Archived just in case it's needed later.

If two more people join, we can start!

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September 25, 2017, 06:34:22 PM
 #17

Waves already chosen. Wink i'm gonna go with wings then.


Bitcointalk name: lite
Altcoin I choose: wings
I will pay 0.01 BTC once 10 people joined: yes
After 10 months, return my 10% to: 1HtZFNjpumGoDVdQ1Qz2GprRKQSNNxdSfP
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September 25, 2017, 08:05:42 PM
 #18

Bitcointalk name: teeGUMES
Altcoin I choose: monero (XMR)
I will pay 0.01 BTC once 10 people joined: yes
After 10 months return my 10% to : 12bciimsEwGezXkCfpkJ2ESDi8rxQfFHB1
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September 26, 2017, 07:56:30 AM
 #19

Who's in?

||BCT username|Altcoin chosen|Bitcoin return address|Bitcoin deposit address|Balance|
|1. |LoyceV|GBYTE|1foreverDArUNEX2gVD26vautcx3b8zTZ|1Eqp3qVsQkPPNQYYfaiyGBpATen3xYG6ar||
|2. |LightZ|XRP|1KUZ6SRviH9YsoPHfJj7Xugo81wC7KiWrS*|136z86uRTuJ2aEaUksD86oNdZ7KmFNwcJq||
|3. |Catwalk|LTC|1DTjyg1jnKyXhhq1cg8aPufn8otQecxypD|16HQxm9MY1mHfrTZgQa9Yu4yqBNLPoTXJo||
|4. |Taras|ETH|1TarasQyKwPJRuod6qwh7n8BjMHC49ZNY|1K1wCRQb7v7eeCMmFTWdPWSaZaZMWyzbF||
|5. |buwaytress|PPC|1MsY1HjLQQ6e8tiQZUyR5mdmShyWqGT7bk|167v5puuXAXUQnLexXewzbawdD6b2bWfcb||
|6. |Blazed|WAVES|1bL43dPysh1TXQBRrQHdQRyEwN5H7qFrE|1LYSbDzZwLHU8PtKfCkZhCnPWumxrG2vwR||
|7. |subSTRATA|NEO|1SubSiKMkZuqMBaCeqehVQ1zSunVBAER8|12nqkwYXdoz4VFYpPA71PNQGdAGgVgbNoR||
|8. |btcrenew|CVC|135x2YKpPFdbQP9MHaCbbwPfVHc1itrxoz|1FSrfEvTwCnoWr17R26S5Horc5sfSfVg6S||
|9. |lite|WINGS|1HtZFNjpumGoDVdQ1Qz2GprRKQSNNxdSfP|1LzrVqxhtXQcYQ3LsJ6cjjSzVXkKQy2bPo||
|10. |teeGUMES|XMR|12bciimsEwGezXkCfpkJ2ESDi8rxQfFHB1|1PWsgUoEopH1fhSxmcbg4uFZpHP7iheNSd||


Archived just in case it's needed later.

10 people joined, we can start!


* Addressed changed, new post here.

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September 26, 2017, 07:49:29 PM
 #20

Can I change my return address before funding?

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