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Hi all.

After the general dump last week, we just had another rising week that has put BMC funds into historical maximum levels. It has been a nice week for the BMC mid-cap babies like GAME, WAVES & SC and this has helped us to achieve and surpass the magic X100 or 10,000% performance mark in Extreme Fund.

There’s nothing much to comment. Solid bearish signs still don’t appear in the BTC market nor in the Altcoins markets. Then, right now we just have to keep riding the rally and holding the coins.

Even with that, we have to be aware of the possible bearish factors that can come in the summer. In my opinion, there are 3 main bearish factors that could result in a multi weekly correction:

  1. Risks of BTC UASF: Situation in BTC community is getting uglier every day. BTC could split by August. In general this should be good news for altcoins and specially for ETH, by amplifying it’s dominance in the sector. Even so, I don’t think a split in BTC would have a short term positive effect in the price, and this would end to make altcoins prices drop too in terms of $. In any case, BTC split is not good for anyone and it’s a risky factor for our funds performances.

 

  1. Institutional money/whales going holidays: Already commented last week. Traditionally July & August months are not bullish months.

 

  1. Altcoins and shitcoins very pumped up. Since March the rallies have been massive, overcoming in most cases X10-X20 pumps. Another added risk.

 

In conclusion, we keep holding coins, but depending how things advance it’s possible that we will hedge our funds a bit for the summer with $ positions, mitigating the possible summer correction if it finally happens. Next week the situation should be clearer than now.

Enjoy 🙂

 

RETIREMENT FUND

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

25,452.465

4.258

$10,757.66

3.70

Gamecredits (GAME)

22,253.505

41.991

$106,078.44

36.44

Antshares (ANS)

3,826.530

1.822

$4,601.76

1.58

Factom (FCT)

525.67875

3.611

$9,123.08

3.13

Siacoin (SC)

4,152,770

23.8369

$60,216.54

20.69

Decred (DCR)

453.22

5.3525

$13,521.50

4.64

Bitcoin (BTC)

8.219

8.219

$20,762.76

7.13

Ethereum (ETH)

166.198

16.21610506

$40,964.96

14.07

Komodo (KMD)

19,056.20

7.12034913

$17,987.35

6.18

Lisk (LSK)

5,071.42

2.804596688

$7,084.94

2.43

 

BTC USD
NAV (Net asset Value)

105.307

291,098.99

Shares outstanding

15,000

Price Share

0.00702050

19.407

 

Year %
2017 Performance

1840.66%

 

DYNAMIC FUND

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

5,102.04

2.428826142

$6,135.68

1.31

Gamecredits (GAME)

41,952.55

79.16278375

$199,980.23

42.63

Siacoin (SC)

10,341,309

59.359

$149,952.40

31.96

Decred (DCR)

791.48

9.347

$23,613.25

5.03

Ethereum (ETH)

128.57

12.54470347

$31,690.30

6.75

Bitcoin (BTC)

22.876

22.876

$57,789.12

12.32

 

BTC USD
NAV (Net asset Value)

185.719

469,160.99

Shares outstanding

10,000

Price Share

0.01857188

46.916

 

Year %
2017 Performance

4591.61%

 

EXTREME FUND

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

803,983.00

26.63595679

$67,287.49

10.04

Darcrus (DAR)

38,123.55

7.796265975

$19,694.85

2.94

Ubiq (UBQ)

45,686.75

30.55986708

$77,200.03

11.52

Bitcoin (BTC)

25.576

25.576

$64,609.84

9.64

Waves (WAVES)

62,121

123.248064

$311,348.03

46.44

Guppy (GUP)

157,812

20.37510732

$51,471.39

7.68

Wings (WINGS)

137,034.45

31.19863323

$78,813.68

11.76

 

BTC USD
NAV (Net asset Value)

265.390

670,425.30

Shares outstanding

5,000

Price Share

0.05307798

134.085

 

Year %
2017 Performance

13308.51%

 

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