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Hi all.

Welcome to the summer, welcome to the taking profits scenario. After 2 weeks of constant selling almost everywhere, we can say that a little bear session/correction has arrived. Obvious question that everyone wants to know is if this is the start of a long correction aka “bubble pop” or is just a normal correction inside of a tremendous bullish market.

First of all, let’s make a short term analysis of the situation (1-2 motnhs):

  1. The BTC drama looks like will not stop in 1st Most recent news indicate that miners & notorious well known people will sign for Segwit2X by the end of July. That version still will be compatible with the core/blockstream proposed version and the definitive hardfork and split of BTC would happen (if it happens) in October-November. So that discussion is not ending this summer, and we could say that it shouldn’t make any crazy affect on BTC prices after all.
  2. From a technical perspective, it looks like BTC & therefore altcoins (since now they are very correlated) could perfectly retrace to 1600-1900$ BTC level or 60-75 B total market cap level, stabilize there a bit and then up again. There are no signs of this correction going deeper of those levels.

From a long term perspective:

  1. When the BTC scaling drama ends in October-November, no matter what is the result, we’ll have 1 or 2 “scalable” versions of BTC (I say “scalable” because I don’t consider that putting 95% of transactions offchain is an acceptable way to scale a P2P network, but who cares XD). That “scalable” and “super improved” version of BTC will surely generate A LOT of interest and marketing outside, so end of 2017 and all 2018 would look mega-bullish again for the sector.

 

 

So the conclusion is very easy to apply, we get some $ positions as a hedge of a possible short term correction (already done, a bit late, our fault), but our long term vision keeps absolutely bullish. For BTC, and for altcoins. All altcoins in our portfolios have a lot of stuff coming in the next months and there’s no objective reason to worry about.

 

Take care and relax, road to the moon aka financial freedom is not so easy. 🙂

RETIREMENT FUND

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

25,452.465

4.523

$11,234.21

3.89

Gamecredits (GAME)

22,253.505

26.027

$64,643.60

22.40

Factom (FCT)

525.67875

4.883

$12,127.22

4.20

Siacoin (SC)

4,152,770

21.1376

$52,499.67

18.19

Decred (DCR)

453.22

5.3457

$13,277.27

4.60

Komodo (KMD)

19,056.20

11.1654087

$27,731.64

9.61

Lisk (LSK)

5,071.42

5.05620574

$12,558.15

4.35

US Dollar (USD)

94,570

38.07610389

$94,570.00

32.76

 

BTC USD
NAV (Net asset Value)

61.916

288,641.75

Shares outstanding

15,000

Price Share

0.00412775

19.243

 

Year %
2017 Performance

1824.28%

 

DYNAMIC FUND

ASSET/COIN QUANTITY VALUE (BTC) VALUE (USD) DISTRIBUTION (%)
Gamecredits (GAME)

41,952.55

49.0664439

$121,866.82

30.12

Siacoin (SC)

10,341,309

52.637

$130,735.70

32.31

Decred (DCR)

791.48

9.336

$23,186.73

5.73

US Dollar (USD)

128,790

51.85387988

$128,790.00

31.83

 

BTC USD
NAV (Net asset Value)

162.893

404,579.24

Shares outstanding

10,000

Price Share

0.01628931

40.458

 

Year %
2017 Performance

3945.79%

 

EXTREME FUND

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

803,983.00

22.68036043

$56,331.44

11.05

Darcrus (DAR)

38,123.55

5.393719854

$13,396.44

2.63

Ubiq (UBQ)

45,686.75

26.38364126

$65,529.31

12.86

Waves (WAVES)

62,121

90.07420758

$223,718.21

43.90

Guppy (GUP)

157,812

13.28619228

$32,999.05

6.48

Wings (WINGS)

137,034.45

21.20334045

$52,662.95

10.34

US Dollar (USD)

64,920

26.13831728

$64,920.00

12.74

 

BTC USD
NAV (Net asset Value)

205.160

509,557.40

Shares outstanding

5,000

Price Share

0.04103196

101.911

 

Year %
2017 Performance

10091.15%

 

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