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Hi all.

And the bears finally appeared. BTC started the week climbing again non-stop with an unsustainable growth and finally came the correction. Of course, the correction movement was as intense as the previous climb. BTC price of last 4 days has been a crazy rollercoaster, and altcoins price even more.

Let’s leave the past and go to the important issue here: the future.

First of all, if BTC doesn’t close with a solid candle below the 1600$ mark, we keep in a mega-bullish scenario for the coming months. Frankly, doesn’t look like it’s going to happen.

Second. In a normal situation, we would say that the BTC possible fall/stabilization now opens a new wisdom for altcoins grow. Nevertheless, we have seen how the old BTC/ALTCOINS correlation has recently passed from almost -1 to a positive sign (altcoins & BTC grow and fall at the same time). Then, this theory is not so clear as it was, for example, in march.

Third, we need to consider the usual drop in institutional money invested by summer. Usually institutional money “goes on vacation” by july & august, and historically BTC has always followed this pattern in these months too (usually negative-stabilization periods).

If we sum it all, we will have a probable general stabilization period for the next 2-3 months, to make another run up in the Q3-Q4 of the year. It can fall further than current levels, but as stated before, as long as BTC 1600$ level resists there’s absolutely nothing to worry about. In the coming days when price stabilizes a bit we’ll see if this theory makes sense or again crypto will surprise everyone in the room, but it’s difficult to see a bullish July-August months, even more with the extreme rises we just saw.

In conclusion, we don’t plan to touch anything in BMC funds if the situation keeps controlled. Maybe little rebalancings from a coin to another, but nothing relevant. It’s time to look at the bigger picture, and start to realize that this sector is really taking off, at least in the institutional investing level. The opportunity cost of staying out of the markets is just too big. This is a train that may not pass again for the next 20-30 years, and we’ll ride it until the end.

Risk is losing a bit, potential benefit is living your dreams for the rest of your life. Risk/reward of this sector is an absolute no brainer. 

Enjoy. 🙂

 

RETIREMENT FUND

ASSET/COIN QUANTITY VALUE (BTC) VALUE (USD) DISTRIBUTION (%)
Maidsafecoin (MAID)

25,452.465

4.105

$8,845.95

5.40

Gamecredits (GAME)

22,253.505

23.044

$49,654.14

30.30

Antshares (ANS)

3,826.530

1.454

$3,133.17

1.91

Factom (FCT)

525.67875

3.017

$6,500.73

3.97

Siacoin (SC)

4,152,770

12.7075

$27,382.07

16.71

Decred (DCR)

453.22

4.2603

$9,180.03

5.60

Bitcoin (BTC)

8.219

8.219

$17,710.30

10.81

Ethereum (ETH)

166.198

12.81935366

$27,623.14

16.86

Komodo (KMD)

19,056.20

4.036674846

$8,698.23

5.31

Lisk (LSK)

5,071.42

2.3835674

$5,136.11

3.13

 

BTC USD
NAV (Net asset Value)

69.626

163,863.87

Shares outstanding

15,000

Price Share

0.00464172

10.924

 

Year %
2017 Performance

992.43%

 

DYNAMIC FUND

ASSET/COIN QUANTITY VALUE (BTC) VALUE (USD) DISTRIBUTION (%)
Antshares (ANS)

5,102.04

1.93872418

$4,177.56

1.65

Gamecredits (GAME)

41,952.55

43.44186553

$93,608.53

37.05

Siacoin (SC)

10,341,309

31.644

$68,187.37

26.99

Decred (DCR)

791.48

7.440

$16,031.52

6.34

Ethereum (ETH)

128.57

9.916992381

$21,369.14

8.46

Bitcoin (BTC)

22.876

22.876

$49,293.20

19.51

 

BTC USD
NAV (Net asset Value)

117.258

252,667.32

Shares outstanding

10,000

Price Share

0.01172579

25.267

 

Year %
2017 Performance

2426.67%

 

EXTREME FUND

ASSET/COIN QUANTITY VALUE (BTC) VALUE (USD) DISTRIBUTION (%)
Florincoin (FLO)

803,983.00

19.6171852

$42,271.11

11.39

Darcrus (DAR)

38,123.55

4.858846448

$10,469.84

2.82

Ubiq (UBQ)

45,686.75

13.89197007

$29,934.42

8.07

Bitcoin (BTC)

45.45

45.45

$97,935.66

26.39

Waves (WAVES)

62,121

72.64491861

$156,535.27

42.18

Guppy (GUP)

157,812

15.76857504

$33,978.13

9.16

 

BTC USD
NAV (Net asset Value)

172.231

371,124.43

Shares outstanding

5,000

Price Share

0.03444630

74.225

 

Year %
2017 Performance

7322.49%

 

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