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By Georgia Clark
Aussie crypto millionairesreveal their trade secrets
Five Sydney’s crypto millionaires share their top investment tips. 
As digital currencies take a hit amid the Russia-Ukraine crisis and banking regulations loom, are there still fortunes to be made in cryptocurrency?
Crypto or no?
A Russian immigrant raised in housing commission in Sydney’s southwest, Sergienko invested early on in coins like Bitcoin, Ethereum and Lisk.
Sergei Sergienko, 39
Net worth: $500 million
Sergienko says there is still growth potential in projects relating to cryptocurrency education but warns people to stay away from crypto gaming.
“
Sergei Sergienko
And don’t invest more than you’re prepared to lose...All rules of investment should be followed, like diversification. If you buy Bitcoin and Ethereum, don’t think you’re very diversified because they’re similar. 
Ethereum entrepreneur Kain Warwick has transformed the cryptocurrency space with technology and has become a multi-millionaire inthe process.
Kain Warwick, 41
Net worth:  $600 million
He founded Synthetix, an Ethereum-based synthetic asset issuance platform, from his Bondi home in 2016,  a year after he began investing in Bitcoin.
His advice to newcomers?Manage your risk through diversification.
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KAIN WARWICK
Always start with things like Bitcoin and Ethereum, which have kind of demonstrated some longevity over the last decade or so and make sure it’s a small part of your portfolio so you have some exposure without being overexposed.
Cobb began investing in Bitcoin, Ethereum and XRP in 2017 and has been trading exclusively in digital currency ever since.  He won't reveal his wealth − only that his portfolio is worth a multi-million-dollar figure. 
Craig Cobb
Net worth: Undisclosed
With the market diving in recent weeks, Cobb’s advice is to invest for the long term and educate yourself about the currency because “when people are getting rich, you’ve got people getting poor even faster".
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CRAIG COBB
If you build a solid portfolio for say, a five year plan, you’ll have things like Bitcoin and Ethereum, you won’t be controlled by your emotions and will accept the volatility but have faith it’s going to be around in the future.
Crypto YouTube guru Queenie Tan discovered crypto in 2017, and within two years, bought her first home. Investing mainlyin Ethereum, Bitcoin and Cardano, she is on her way to becoming very wealthy.
Queenie Tan 
Net worth: $500,000
She learnt the hard way about riding the bull and bear markets after her portfolio dropped 90 per cent when the market crashed in 2018.  Her most valuable tip to investors: don't pull out when the market  dips.
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QUEENIE TAN
There’s a lot of noise out there, but I think it’s important to only invest in things you have conviction in, that you will hold onto even if the price drops. Don’t invest because of hype.
Always seek professional advice before investing money. If you need financial help, contact the National Debt Helpline on 1800 007 007.

Original URL: https://www.dailytelegraph.com.au/web-stories/free/daily-telegraph/australian-crypto-millionaires-reveal-their-secrets