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FUNDAMENTAL VALUE & CLASSIFICATION OF CRYPTOCURRENCIES & TOKENS

 

Hi all, this week I’m gonna talk a bit about the importance of classifying coins & tokens properly from a fundamental POV in order to establish a better long-term investment strategy.

I know that fundamentals doesn’t matter at all nowadays, because as you will see, even the largest and most reputable cryptos have an outstanding lack of fundamental value that supports them. Speculative smart capital & dumb money represents almost 100% of the capital invested in the crypto sector nowadays. As a consequence, rules & cycles for these markets are very different from traditional markets & traditional valuation methods make no sense here.

There’s actually well known “fundamental” factors inside the pure speculative markets that can help to invest better such as: project with tons of buzzwords, ability to generate hype, SUPERSTAR team with HUGE advisors & HUGE connections in the space, partnerships with mega-firms, etc, etc, etc.

But today we’re not going to analyze these hype factors that have been working very well in the crypto markets. Today we’re going to classify the current existing crypto projects in the markets as if we were a serious financial investing company and trying to unmask the fundamental value of these digital assets beyond speculation.

 

CRYPTOCOINS (BTC, LTC, XMR, DASH, ZCASH…)

Cryptocoins intrinsic value comes just from the amount of people/capital that considers this coin as a good store of value over time. As we commented in the previous post, for a cryptocoin to be considered a store of value it needs to guarantee in a hard way the blockchain immutability & censorship over time. The most robust the network is, the easier is to justify it’s properties as a store of value.

But being a robust immutable network is not enough. The most important thing to determine the fundamental value of a cryptocoin is the amount of people (or money), that BELIEVES deeply in their minds that this digital thing is a store of value. The more believers, more fanboys, more people convinced in agreement with the topic (for example: BTC is the digital gold), the more intrinsic value the cryptocoin will have.

At the end, the math is very simple, if BTC is considered as an investment and a store of value for 1000 people, it’s price is gonna be way low than if 1 million people BELIEVE that. That truly sounds like a ponzi scheme, where the profits from 1st believers come from the last ones, but it’s no different in classic “safe heaven” assets like gold or real estate, way overvalued if we just took into account them real utility.

There’s another factor to consider to calculate the fundamental value of a cryptocoin, and that is utility. Logic says that if there’s more people transacting with X coin, then it’s value will have to be greater. Well, it’s not so easy: if everyone transacted with BTC but got immediately converted to fiat after the transaction, it’s effect on the price would be literally 0. Again, the value effect will come for the amount of people, not that TRANSACTS, but that BELIEVES and holds this coin as an investment.

It’s logic that if 1Billion people did payments with BTC it’s value would rise up significantly. It would not rise by the transacting fact itself, but for the marketing effect that this would generate. At least 10% of these 1Billion people would believe in the “digital gold” story, and would keep a part of these transacted BTC in HODL mode, draining the supply and making it much easier to rise in price.

 

Conclusion: When investing in cryptocoins, look for the network robustness, look for it’s supply emission, but especially, look if the history behind can be sold to the masses & create believers 😉

 

NETWORK PROTOCOL TOKENS/GAS (ETH, XRP, EOS, XLM, ADA, TRON, NEO, GAS, VET…)

In the case of protocol-based tokens the valuation is not so easy. “Store of value” history cannot be sold here since there cannot be 10000 stores of value in the world.

Protocol-based tokens fundamental value should come from the UTILITY of such networks, plus the way this utility affects the tokenomics systems (basically how holders are rewarded or how is the network token supply affected).

The objective is clear: We need a network that is secure and incentivizes the parties to keep securing it (through POW rewards or POS), and we need a network that is USED for people & dapps, and they pay for it (in the form of gas or network protocol itself).

The most important thing comes with what is done with those fees coming from the usage of the network. If fees are distributed to the token holders, but then the supply inflation (to secure the network) is superior than these fees, the fundamental value of the protocol token is actually 0 (just having this factor in mind). If instead of sharing the fees to the token holders, the network itself burned tokens from the network (buying them previously), there would be a supply deflation effect that would rise fundamentally the price of the network over time. Again, if the supply inflation was bigger than the burn of tokens, this effect would be 0.

So as you can see, it’s not only necessary that the network allows 1 trillion TPS & 1 Billion dapps living in it, but that the fees & numbers have to make sense for the token holders, in order to incentivize the investment (not only holding) in it.

Nobody would invest in a network with 0 fees, no burns or no rewards for holders, even if it was the best network on the universe.

A simple calculation of which is the fundamental value of certain network would be to calculate the equivalent of the PER (price-earnings ratio) on that network. In a network case, earnings would be the net fees that go to reward token holders or to burn the token. Then it would be needed more supply factors such as token inflation (if there’s) or other demand factors (network growth expectation, a % of holders considering it a store of value, etc). I will go deep in a practical analysis in another post with real examples.

 

Conclusion: When investing in protocol-network tokens we have to look at the potential usage of it (realistic one), and the tokenomics behind it. If tokenomics are weak, and usage is not translated into a real mathematical effect for the token holder, you shouldn’t invest on it (speculation reasons not included).

 

UTILITY TOKENS TO ACCESS DAPPS

That’s an easy one. Pure utility tokens that are used or supposedly used just to access a certain dapp, and where there’s no burnback or reward to token holders, their fundamental value is 0, and their price will obviously head to that value in the long term.

It’s the same case that merchants transacting cryptocoins and selling them immediately. The effect to fundamental price is 0. To have a real effect to the token-holders, dapp or the company that issues the dapp should either burn a % of these tokens that users pay to use the app, or should reward the token-holder with some of the profits/rights from the activity. And as you can suppose, when a token meets any of these conditions will be considered a security token. So it’s not actually a utility token.

It’s not that rotund that the fundamental value of utility tokens is 0. There can be complex lock-up structures that come with the usage that can generate the same effect as burning or rewarding token –holders, but it’s just a pain in the ass and these models only work for a certain very specific distributed businesses.

 

Conclusion: Don’t even think of buying a pure utility token for fundamental reasons, it’s literally worthless even if market cap says 200M $.

 

SECURITY TOKENS (THE REAL THING) 

Coming in the next report…

 

 

PD: As you can see, if we where a serious investing company which invest in value, we would not invest in almost ANYTHING. Sadly, the only crypto asset that can be fundamentally half justified nowadays is BTC itself, because of it’s network effect and the “digital gold” story that has behind it. In the protocol-based tokens area, tokenomics for these networks are very very weak. And in the utility tokens area there’s nothing to talk. Any serious investing company would even take a look at those things.

Big capitals are waiting for the security token wave that is coming. Not for the projects that will come with those tokens, which can be worse than the current ones (which is hard), but because of big capitals will have at least a way to calculate WHAT are they investing it and AT WHICH POINT are they investing it.

 

Have a nice week.

 

Frank PM

 

 

 

 


THE STATE OF CRYPTO

Hi all,

 

To start with, I will do a very quick resume of what happened during this 2018 from the technical and fundamental perspective:

 

As we all remember, year started in full euphoria mode after the tremendous 2017. Almost everyone, me included, was expecting the bubble to keep going to 30k-50k-100k before crashing. BTC had been all over the place since October vertical rise. “3 months of mainstream is too little, this mania has to last longer before crashing”. That was the main thought of almost everyone in crypto back then. And as always happen in markets, the mass sentiment was wrong. After the first crash of the key 10K level, which represented a -50% retrace from ATH, market recovered from 6K to 12k, giving some hopes that the bull market was going to continue there. But very far from that, 12K got rejected hard and easy, and 10K broken again. 10K level has not been surpassed again since then back in March, showing that we’re in a clear bear market.

Nevertheless, the real drama has happened in the altcoin sector. After the mega rise of most altcoins in January, it has been a general crash in altcoins in BTC and $ values. A crash never seen since 2014, which was the last bear market. There was a little oasis in altcoins with some rises between March and May, especially in Binance exchange. These pumps were probably directly or indirectly done by Binance exchange itself to don’t extinguish the flame of the sector, and to maximize profits from it’s big and hungry userbase they acquired (deserved). And after that, a sea of blood and suffering in the altcoin sector. Most altcoins, the big ones included, are down more than -85% from ATH in $ values. And there’s a bunch of old shitcoins and 2017 ICO’s which are more than -95% down from ATH. Not bad.

 

IS THIS THE END?

 

 

This is the picture of the first BTC bubble back in 2011. BTC went up from a few cents in 2010 to 30$ in the peak in 2011. Bottom was approximately at 3$. -90% for BTC in early days. Bear market lasted about half a year. And after that, 6 more moths of what I call the “magic plateau”. A period of very low volatility, low volumes and a very defined range of prices. These plateaus basically mean the exhaustion of selling supply. BTC, due to it’s very rigid supply and holders profile nature, goes up or down mainly because it’s supply expansion (people willing to sell) and supply contraction. In the plateaus, supply starts to contract quickly because the ones that wanted to sell already did so in the bear market. Supply contraction + just a constant demand (not necessarily big) creates these plateaus, then it’s just needed a bit of demand to push again prices up and restart the bullish virtuous cycle.

 

 

This was the 2013 bubble, aprox from 20$ to 1000$ at the peak, to find the ground at 200$ 1 year later. A -80% retrace with a 1 year lasting bear market. And again, after that, a magic plateau happening before bull session coming. This one lasted about 9 months. So in total, the 2014 bear lasted almost 2 years.

It’s important to notice a very interesting fact: big bottoms after big runs usually coincide with the start of “parabolic rises” and previous bubbles ATHs. That happens not only in BTC but in all altcoins in general.

 

 

And finally, the bubble of 2017. From 400$ to 20,000$ and for now, with a bottom in 6,000%. Aprox a -70% retrace from ATH.  For now, lower ups and lower downs, we’re still in a bear market that’s lasting 9 months already and doesn’t seem to end here.

  

Contexts of the sector in the 3 bubbles have changed a lot for sure and you could say that past events don’t guarantee future ones and timelines of cycles should be different. IMO, cycle timelines will always be quite similar, because as said before, it’s the supply contraction the main factor that determines the end of bears. It’s true that now it’s needed much more money to move prices up, but it’s also true that exchanges quality and security has improved a lot from last bubbles, reputation of BTC is much better than it was, awareness is much bigger, regulations are starting to appear and doors to mainstream institutional $ are opening. So in my opinion, the bigger market cap factor equals to the bigger awareness & bigger $ entrance doors.

 

Said that, it’s important to say that to keep going with the long term super bullish cycle, BTC will have to keep it’s FUNDAMENTALS intact and improve them. But which are these fundamentals? I will make an extend post about these one day, but resumed these are: Robust network that guarantees BTC holders their balances, limited supply, and some degree of utility. 3 fundamental factors that each “reserve of value” asset must have, although the 3rd one it’s not required at all (physical gold it’s not useful at all).

 

By looking at the current state of the network, with hashrate at ATH levels, BTC monetary policy very unlikely to change, and LN network making some progress to boost BTC utility in the future, we can conclude that fundamentals are not only kept, but are actually improving. In addition, most governments around the world are likely to start realising clear laws that will consider BTC as another financial asset or coin depending on it’s use. Most governments aren’t declaring war to BTC, just the opposite, and these are very good news. When laws are clear, big players will be on board, new exchanges, much more reputable and operative than the current ones will appear, making it easier for the financial institutions to enter in the sector.  

 

Having seen the bigger picture, the question “Is this the end?” can be answered by a 5 year old kid. HELL NO!

 

THE FUTURE & HOW TO PROFIT FROM IT

 

What’s gonna happen to BTC and altcoin in the coming weeks and months? Will the magic plateau happen in the 6-10K range or will it happen in the 3-6K zone? The question is not what’s gonna happen, but how are you gonna profit the market that is coming.

 

For a conservative investor, profiting in the actual context is quite easy, just wait for the magic plateau to appear in the coming months, invest, and ride the entire next bull run. Not complicated, but we’re talking about trades with a 2-4 year timeframe, not “cool” for a lot of people.

 

For the profit maximizers and altcoin addicts, things will be more difficult in the coming times. To start with, it will be important to start looking at fundamentals of coins again to profit from them. There won’t likely be another general “altseason” until BTC makes another bull run. In the meanwhile (which can perfectly be another year or 2), the good alts will perform well while the shit ones will keep bleeding. A shitcoin that’s -95% down, doesn’t mean it cannot go -99%. I will post next week about altcoin future situation that’s coming. But as said, while BTC keeps on the bear and consolidating, there won’t be altseasons. There will be some pumps and good projects having nice returns, but it won’t be that crazy where you could buy whatever and make a X20 with or without fundamentals.

 

The good thing about this is that truly good projects will get what they deserve, and same situation for good traders. To be honest, it was quite frustrating to see noobs buying X coin at 0,001$ because it was “cheap coins” and getting X20 profits, and seeing bullshit projects getting funded with tens of millions just for writing whitepapers heh.

 

Have a nice week.

 

Frank PM

 

 


Hi everyone,

First of all, I would like to apologize for my long absence without warning the BMC followers about it. I’m not gonna go deep in details, but the reasons have been purely on the personal basis: big lifestyle changes in a short period of time, some law issues, emotional deceptions and involvement in super interesting non-crypto related projects. All this, added to the extreme level of bullshit & nonsense crypto sector had at that time, with obvious “innovative” scam projects valued at tens of millions popping day & night, made me react in the “fuck that crap, I’m out” way. Not the way to do things, but you know, sometimes it’s hard to control your impulses, especially after becoming a new-rich 22 year-old kid.

Said that, I’m gonna proceed to explain what can we can expect about my general thoughts and the future of BMC:

After taking a look back into what BMC achieved (big community, market influence, nice network effect) with just a shitty WordPress website and a mediocre trader sharing his portfolio & thoughts with non acceptable language, demonstrates that this sector, (and the world in general), is hungry for authenticity and transparency above all other factors.

The problem with BMC, stated many times, has been the extreme dependency of just 1 person sharing it’s ideas & portfolios. That provokes too biased opinions inside the community, as everyone tends to agree or directly follow the “leader” without doing any research or think for oneself, amongst other problems such as idolize him when market goes up and blame him when goes down.

BMC original, (and still) objective was to help people to win big money in this incipient sector, but more importantly, to formate them during the process and developing personal investing & finance skills, needed in all areas of life, unless you wanna be a salary working slave forever.

Back in the pursuit of this objective, we are going to expand the BMC concept into a whole new level. We are developing a new website/app that will allow this to happen. Everyone will be able to share their portfolios, thoughts & reports in real time, not only Frank PM. Since people, and especially the good traders, are always reticent to show their true portfolios for various reasons, we’re going to incentive them in a big way to do it.

Obviously, BMC platform cannot be just like another portfolio management app. We are going to generate a huge competitive environment with constant trading tournaments of all types. The TOP traders will be rewarded with nice prizes and more importantly, with the reputation of being one of the PROVED TOP traders in the world. Because yeah, I think everyone is a bit tired of all these “experts” and “gurus” out there that don’t even show a single position they hold.

But as said before, not only the top traders will be incentivized to share their portfolios, also the educational content creators, reports creators, content creators will be rewarded in a nice way by sharing their knowledge to the community. Because remember, It’s not only about following your favorite trader blindly, but to actually develop yourself.

At the end, this will end into a WIN-WIN situation: Good traders will have the opportunity to show their abilities to the world and win nice money, content creators will be paid to share their knowledge and expand their reputation brand, and the final user will be able to access to a whole new level of transparent and proven trading help information like it has never seen before, at a very very low cost.

More details about the project will be coming in the coming days & weeks. We’re developing it 24 hours a day to bring it to life by 1st January of 2019. You can join our new telegram group and make proposals you would like to be seen in the platform here:

https://t.me/joinchat/EVc4eE8Fu9bXcuxLQ_vPmg

BLUEMAGIC.INFO UNTIL PLATFORM IS LIVE

As it used to be, I will try to post a weekly report about my general trading thoughts each Sunday, first coming this Sunday. In the meanwhile, I will also publish some of my thoughts about interesting topics such as regulations, tokenomics, hype, behind the scenes & general thoughts of life. bluemagic.info will be closed the day BMC platform goes live.

I know some were waiting for the report, but that will come in Sunday as always. In general terms, I can say that I’m almost into a full fiat position since we broke the 10K $ BTC level for second time back in march, and NOT planning to enter soon, for the reasons that I will expose in the next post. Situation right now it’s far from being optimal to invest in a big way (unless it’s for short term trading, which I don’t recommend).

Also, if there’s still someone following the funds in the website STOP IT. They’ve been forgotten a long time ago and their components are very outdated. We’ll remove them in the coming days, sorry.

Frank PM

#FreeTothom


Hi all.

 

It’s been 2 stormy weeks for BTC & the sector. Big aggressive dumps have been happening with some critical moments, especially after breaking the 10K mark at some point and panic selling everywhere. Nonetheles, BTC resisted and key 10K$ level was saved. The move from 13-14K zone to 10K was technically surprising and very aggressive, and it came together with the classic Chinese/Korean ban FUD. Given that BTC fundamentals and interest keep improving day by day, this has been most likely a big and well planned shakeout after a massive run in last Q4 2017. The key point that shows if this is a shakeout or a start of bearish trend is the 10K$ level, and for now, every time it went close to that was rejected quick, which indicates that the megabull is not likely stopping here.

 

To confirm that the megabull trend keeps intact is needed to break the 13-14K level again, which now it’s been converted into a big supply zone. By the way things are going, looks like BTC will  stay sideways in that 11-13K for some more days and then we’ll see what happens, but in my opinion the worse has already happened.

 

In the altcoin land, generally speaking alts have not moved at all in BTC terms but obviously dumped in $ terms. All em, except the ETH beast, which is moving almost immune to everything. The ETH flippening this year seems inevitable for obvious reasons (utility, development, hype, big capitals, everything) and will be the first cryptocurrency to flip BTC in the history.

 

In the rest of altcoins, we’re seeing a diminishing volumes and movement trend lately, just as every January-february. These are historical months of no movement at all and is in march when the big inflow of money starts going into alts. Will happen the same this year? Who knows, but everything seems to indicate so.

 

In any case, alts are a sure bet that are going to pump at some point as always. The real battle is in BTC, and keeps being absolutely KEY to not dump below 10K mark NEVER AGAIN.

 

 

Have fun


Hi all.

 

Following the trend we’ve been seeing since the BTC top in mid December, altcoins keep generally growing while BTC suffers it’s consolidation phase.

 

Fundamentals of the sector hasn’t changed, the worldwide crypto-gold rush remains intact and for now, the megabullish trend too.

 

What can we expect for the coming times? Well, as I see it there are 2 possible scenarios for the coming weeks:

 

  1. BTC keeps consolidating in the 11500$-17000$ area to break over ATH some weeks later (4-8 weeks). During this period (mid January + February) altcoins would likely keep growing and pumping quite hard like they’re starting to do. There’s another variant in this theory that is that BTC breaks the range upwards 17k in a little time (2-3 weeks) and altcoin rallies get suspended until BTC finds another stable price range. Anyways, if that was the case altcoins would likely remain stable in $ values and likely grow too, because the altcoins bottom relatives to BTC prices are IN.

 

  1. BTC goes south and closes down the KEY 11500$ level with attitude. If that happened, that would be a really bad news because BTC would most likely keep dumping to the 7-8k zone and that would have unpredictable consequences. Logic says that altcoins would grow even more if that was the case, but that’s not really true, since all correlations alts/BTC we’ve had since 2015 have been having in mind that BTC cannot drop further 50% it’s previous ATH. So yeah, it’s a real possibility that in the day that BTC would break the support altcoins would drop big too, producing a true short term bloodbath in the streets.

 

Anyway, if we have all factors in mind: The way altcoins have been recovering, the way BTC support has been held, the collapse of global exchanges due to insane demand and the coming good fundamental news on the sector, the possibility 2 seems not very likely to happen, but it’s important to have it in mind.

 

Enjoy.

 


Hi all.

 

2017

 

2017 is over. We’ve just probably seen the most legendary year in the WHOLE financial history. 2013 BTC bubble was big, returns were awesome, but the absolute value of money injected was not even close to what we just seen. Total marketcap has grown from about 20B to an incredible 600B $. An overall X30 or 3000% performance, if you were just investing in a weighted crypto index. An absolute craze that will likely never repeat in decades. During 2017, tons of fortunes where made outtanowhere, and the previous BTC riches now are actually Forbes list members.

 

2018

 

So after such a year, what can we expect for 2018? Well, let’s put the facts in the table: BTC fundamentals keep growing and growing, LN are coming this year, more futures markets are coming this year, BTC is in the news everyday, BTC price is following a well painted parabolic trend, and there’s a massive global Gold rush in the cryptocurrency sector. EVERYTHING indicates that we’ll KEEP GROWING this 2018. NOW, the question will be WHEN the bubble will burst. Because yeah, we’re already in the BUBBLE territory. To determine that and act consequently and not get burnt, I think that it will be more important to look at the timeframes than to look at fixed values. Let me explain that: imagine that we have a 60K $ BTC in ATH in December, and the growth has been quite constant during the whole year. Now, imagine that we’re in 15 th march and BTC is already at 60K $. Which possibility would be more likely to burst? Obviously the second and faster growth one.

So this is the plan for BMC and my personal plan too: Wait for the real bubble to kick in, and when it becomes clearly unsustainable (like 60-100k by march), SELL ALL, and wait for another big correction in the markets that could last for months and years. And in the case that this bubble didn’t ended here, and BTC kept growing to McAfee levels, well played for the holders, we still would be rich either way.

 

BMC

 

The main purpose of BMC was always to build a strong network of winners, money makers, and people in general that wanted to change their lives by acquiring some level of financial freedom in a short period of time (2-5 years). The BMC philosophy to achieve that was simply to hodl coins and projects with good fundamentals, and time the markets a bit to diminish the risks as much as possible. For doing that, we created 3 “funds” with different risk appetite and showing the movements when they were done, to probe that these returns were actually possible to achieve by anyone. Funds worked well until BMC funds and community got too big, then every little movement in the funds caused an immediate big move in the markets, especially in the low cap coins. It was never an objective for BMC to become a giant P&D group like Palm Beach.

 

As said before, the objective was always to create a nice and passionate community, and I think we actually achieved so. Almost 3k visits in every weekly report, more than 2k members in international TG group, more than 700 members in spanish TG channel, we created a BMC syndicate to allow us enter in pre-sales and ICOs at better rates than the common investor, and more services that are coming under the scenes and will be revealed when the new website is out.

 

What can we expect for BMC 2018? Well, first of all, the 2017 funds will be deleted for obvious reasons, and for now there won’t be a BMC funds itself, but community members funds (as simple as: FRANK PM: Distribution of coins X%, Y%) The plan is to give more power to the most reputable members of our community, make various weekly reports written by different members to allow the lectors to compare the different views.

All this will be up in the new website that it’s coming soon. 

Happy new year to all of you, and thanks so much for the support received. Let’s hope 2018 brings us another year of great profits and happiness for the rest of your lives.  

 

Enjoy.

 

Frank PM

 

RETIREMENT FUND

 

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

25,452.465

2.138

$28,131.11

2.60

Gamecredits (GAME)

12,314.400

3.861

$50,803.98

4.70

Factom (FCT)

525.67875

2.672

$35,152.61

3.25

Siacoin (SC)

2,714,830

5.9998

$78,942.81

7.31

Decred (DCR)

453.22

3.3542

$44,133.14

4.08

Komodo (KMD)

19,056.20

13.67491968

$179,929.53

16.65

Lisk (LSK)

5,071.42

7.854412439

$103,345.45

9.57

Bitcoin (BTC)

37.16

37.16

$488,937.53

45.26

Waves (WAVES)

5,847

5.3973657

$71,016.54

6.57

 

BTC USD
NAV (Net asset Value)

18.025

1,080,392.70

Shares outstanding

15,000

Price Share

0.00120165

72.026

 

Year %
2017 Performance

7102.62%

 

DYNAMIC FUND

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

27,875.45

8.740347348

$115,002.26

10.51

Siacoin (SC)

4,291,401

9.484

$124,786.91

11.40

Decred (DCR)

2,008.34

14.863

$195,565.84

17.87

Bitcoin (BTC)

25.530

25.530

$335,914.29

30.69

Waves (WAVES)

16,413.88

15.15165263

$199,359.84

18.21

MaidSafeCoin (MAID)

112,237.000

9.427908

$124,048.93

11.33

 

BTC USD
NAV (Net asset Value)

83.197

1,094,678.06

Shares outstanding

10,000

Price Share

0.00831972

109.468

 

Year %
2017 Performance

10846.78%

 

 

 

EXTREME FUND

 

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

803,983.00

13.27375933

$174,651.21

12.18

Darcrus (DAR)

38,123.55

1.9061775

$25,080.78

1.75

Ubiq (UBQ)

22,629.25

9.432323985

$124,107.03

8.66

Waves (WAVES)

51,263

47.32107838

$622,633.24

43.44

Guppy (GUP)

108,726

8.854633224

$116,505.99

8.13

Wings (WINGS)

246,372.90

22.17109727

$291,719.09

20.35

I/O Coin (IOC)

35,206.550

5.9851135

$78,749.91

5.49

 

BTC USD
NAV (Net asset Value)

108.944

1,433,447.25

Shares outstanding

5,000

Price Share

0.02178884

286.689

 

Year %
2017 Performance

28568.95%

 


Hi all.

No changes respect the prior weeks. BTC continues to rise in a mega-solid way, altcoins generally resist and some of them are starting to rise from the well stablished bottoms last week and so. Things are looking great, no bear signals anywhere, total fomo in the markets, in the news, in youtube, in the bars and everywhere. Just hodl your BTC, your altcoins and everything till the bubble becomes absolutely unsustainable. We’ll have signs before the bubble burst happens. For now, no apparent signs about this.

 

Enjoy.

 

RETIREMENT FUND

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

25,452.465

0.941

$17,737.43

1.63

Gamecredits (GAME)

12,314.400

1.772

$33,407.64

3.07

Factom (FCT)

525.67875

1.057

$19,917.08

1.83

Siacoin (SC)

2,714,830

2.1447

$40,427.89

3.72

Decred (DCR)

453.22

2.0395

$38,444.39

3.54

Komodo (KMD)

19,056.20

4.754331338

$89,619.15

8.24

Lisk (LSK)

5,071.42

3.615364604

$68,149.62

6.27

Bitcoin (BTC)

37.16

37.16

$700,466.00

64.44

Waves (WAVES)

5,847

4.18066347

$78,805.51

7.25

 

BTC USD
NAV (Net asset Value)

7.954

1,086,974.70

Shares outstanding

15,000

Price Share

0.00053027

72.465

 

Year %
2017 Performance

7146.50%

 

DYNAMIC FUND

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

27,875.45

4.011834764

$75,623.09

6.93

Siacoin (SC)

4,291,401

3.390

$63,905.40

5.86

Decred (DCR)

2,008.34

9.038

$170,357.44

15.62

Bitcoin (BTC)

25.530

25.530

$481,240.50

44.13

Waves (WAVES)

16,413.88

11.73608834

$221,225.27

20.29

MaidSafeCoin (MAID)

112,237.000

4.14940189

$78,216.23

7.17

 

BTC USD
NAV (Net asset Value)

57.855

1,090,567.91

Shares outstanding

10,000

Price Share

0.00578551

109.057

 

Year %
2017 Performance

10805.68%

 

 

EXTREME FUND

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

803,983.00

8.69909606

$163,977.96

12.12

Darcrus (DAR)

38,123.55

1.9061775

$35,931.45

2.65

Ubiq (UBQ)

22,629.25

3.099754665

$58,430.38

4.32

Waves (WAVES)

51,263

36.65371493

$690,922.53

51.05

Guppy (GUP)

108,726

4.244657184

$80,011.79

5.91

Wings (WINGS)

246,372.90

11.20996695

$211,307.88

15.61

I/O Coin (IOC)

35,206.550

5.9851135

$112,819.39

8.34

 

BTC USD
NAV (Net asset Value)

71.798

1,353,401.36

Shares outstanding

5,000

Price Share

0.01435970

270.680

 

Year %
2017 Performance

26968.03%

 


Hi all.

FOMO BTC market. BTC going in the mainstream media. Greed increasing worldwide and prices going crazy. Totally unpredictable short term at this moment. My recommendation? Hold those BTC, buy those shitcoins in the lows, wait for the peak and don’t be afraid to sell when it’s time. We’re entering in the advanced phase of the bubble and this cannot be sustained for much more time.

Let’s pray for a slow down of Bitcoin volatility in the coming times to make it possible for the altcoins to make a run up, but anyways, 2018 looks like the year to GTFO of the sector (to buy later when things calm down and coins/tokens/assets have more realistic valuations).

 

Enjoy.

 

RETIREMENT FUND

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

25,452.465

0.743

$11,144.36

1.41

Gamecredits (GAME)

12,314.400

1.602

$24,031.55

3.04

Factom (FCT)

525.67875

0.658

$9,863.26

1.25

Siacoin (SC)

2,714,830

1.3574

$20,361.23

2.57

Decred (DCR)

453.22

1.6297

$24,445.06

3.09

Komodo (KMD)

19,056.20

3.462320978

$51,934.81

6.57

Lisk (LSK)

5,071.42

2.577599929

$38,664.00

4.89

Bitcoin (BTC)

37.16

37.16

$557,400.00

70.47

Waves (WAVES)

5,847

3.543282

$53,149.23

6.72

 

BTC USD
NAV (Net asset Value)

5.990

790,993.50

Shares outstanding

15,000

Price Share

0.00039931

52.733

 

Year %
2017 Performance

5173.29%

 

DYNAMIC FUND

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

27,875.45

3.626596045

$54,398.94

7.01

Siacoin (SC)

4,291,401

2.146

$32,185.51

4.15

Decred (DCR)

2,008.34

7.222

$108,322.63

13.96

Bitcoin (BTC)

25.530

25.530

$382,950.00

49.34

Waves (WAVES)

16,413.88

9.94681128

$149,202.17

19.22

MaidSafeCoin (MAID)

112,237.000

3.27619803

$49,142.97

6.33

 

BTC USD
NAV (Net asset Value)

51.747

776,202.22

Shares outstanding

10,000

Price Share

0.00517468

77.620

 

Year %
2017 Performance

7662.02%

 

EXTREME FUND

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

803,983.00

4.94449545

$74,167.43

7.71

Darcrus (DAR)

38,123.55

1.9061775

$28,592.66

2.97

Ubiq (UBQ)

22,629.25

2.546016918

$38,190.25

3.97

Waves (WAVES)

51,263

31.06551132

$465,982.67

48.43

Guppy (GUP)

108,726

2.252799612

$33,791.99

3.51

Wings (WINGS)

246,372.90

7.701616854

$115,524.25

12.01

I/O Coin (IOC)

35,206.550

13.7305545

$205,958.32

21.40

 

BTC USD
NAV (Net asset Value)

64.147

962,207.58

Shares outstanding

5,000

Price Share

0.01282943

192.442

 

Year %
2017 Performance

19144.15%

 


Hi all.

Nothing new in the cryptoworld from the previous weeks. BTC fomo keeps growing every week non stop and most altcoins are resisting in $ values and some of them start to grow in BTC value too, signals that the altcoins bottoms are almost here.

The next 2 weeks will be KEY to determine for which path the sector will go in the coming months.

Let me expose this: CME futures inauguration will come in the next 2 weeks. From there, we can expect basically 2 outcomes:

  1. CME futures trading will produce a massive inflow of LONGS in BTC, which combined with the permanent fomo would produce ANOTHER big rally for the next weeks and months. If that was the case, we could perfectly see a 30-50k$ BTC much much sooner than people thought, in Q2 2018 or even before. If that happened, most probably altcoins would dump a bit more in BTC in the short term, but would quickly recover from that dump as there’s not much selling pressure in those levels anymore, besides short term traders.
  2. CME futures trading has no effect at all/produces a sell the news event in BTC. In that case, BTC would likely correct to a sane support levels like 7.5K-8K-8.5K and have a “consolidation” period. And if that was the case, we should expect the start of the rallies of most altcoins in two weeks. And by start of rallies, I mean the return of general liquidity, volumes and growing prices in altcoins. Just to be clear, when I’m saying start of rallies, I’m referring on March of 2017 kind of rallies 😉

 

What will happen in the coming prior days to CME? I have no idea and don’t care at all. Our focus should be in how the BTC and Altcoins market react the futures day.

 

Enjoy.

 

RETIREMENT FUND

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

25,452.465

1.223

$13,321.14

2.14

Gamecredits (GAME)

12,314.400

2.234

$24,326.43

3.91

Factom (FCT)

525.67875

1.057

$11,509.28

1.85

Siacoin (SC)

2,714,830

1.8732

$20,399.50

3.27

Decred (DCR)

453.22

2.1460

$23,369.90

3.75

Komodo (KMD)

19,056.20

4.764431124

$51,884.65

8.33

Lisk (LSK)

5,071.42

3.527274038

$38,412.01

6.17

Bitcoin (BTC)

37.16

37.16

$404,672.40

64.96

Waves (WAVES)

5,847

3.21585

$35,020.61

5.62

 

BTC USD
NAV (Net asset Value)

8.533

622,915.94

Shares outstanding

15,000

Price Share

0.00056888

41.528

 

Year %
2017 Performance

4052.77%

 

DYNAMIC FUND

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

27,875.45

5.05660663

$55,066.45

8.80

Siacoin (SC)

4,291,401

2.961

$32,246.02

5.15

Decred (DCR)

2,008.34

9.509

$103,558.35

16.54

Bitcoin (BTC)

25.530

25.530

$278,021.70

44.42

Waves (WAVES)

16,413.88

9.027634

$98,310.93

15.71

MaidSafeCoin (MAID)

112,237.000

5.39411022

$58,741.86

9.38

 

BTC USD
NAV (Net asset Value)

57.479

625,945.30

Shares outstanding

10,000

Price Share

0.00574789

62.595

 

EXTREME FUND

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

803,983.00

7.29212581

$79,411.25

10.46

Darcrus (DAR)

38,123.55

1.9061775

$20,758.27

2.73

Ubiq (UBQ)

22,629.25

3.655755338

$39,811.18

5.24

Waves (WAVES)

51,263

28.194771

$307,041.06

40.44

Guppy (GUP)

108,726

2.332169483

$25,397.33

3.34

Wings (WINGS)

246,372.90

12.61182875

$137,342.82

18.09

I/O Coin (IOC)

35,206.550

13.7305545

$149,525.74

19.69

 

BTC USD
NAV (Net asset Value)

69.723

759,287.63

Shares outstanding

5,000

Price Share

0.01394468

151.858

 

Year %
2017 Performance

15085.75%

 


Hi all.

As expected, the fomo in the sector continues and continues and continues and continues.

BTC kept climbing this week, to the 9300$ range. Blue chip altcoins made new ATH in $ this week, ETH broke it’s consolidation triangle which is a super bullish sign for altcoins in the coming times.

As I see the markets now, there are 2 possible scenarios for next month:

  1. (less likely): BTC continues it’s crazy run, surpasses 10K without much resistance and god knows where it will stop. If that was the case, altcoins would probably get rekt in BTC terms again (not in $ terms which would likely keep stable).
  2. (most likely): BTC stops at this 9-10K zone and finds some good selling pressure that retraces it again to the 7-7.5k levels. I’m expecting that to happen especially the 2nd week of December after the CME futures are open. In the meantime, altcoins keep consolidating and rising in BTC terms, making most them win $ wise.

As in the last times, altcoins are “sure” play, and especially those depressed mid-caps that are already showing some signs of recovery in their charts.

Enjoy.

 

RETIREMENT FUND

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

25,452.465

1.260

$11,684.26

2.07

Gamecredits (GAME)

12,314.400

2.827

$26,217.70

4.65

Factom (FCT)

525.67875

1.261

$11,690.47

2.07

Siacoin (SC)

2,714,830

1.5746

$14,602.82

2.59

Decred (DCR)

453.22

3.0184

$27,992.96

4.97

Komodo (KMD)

19,056.20

5.995271082

$55,600.02

9.86

Lisk (LSK)

5,071.42

4.112870906

$38,142.68

6.77

Bitcoin (BTC)

37.16

37.16

$344,621.10

61.13

Waves (WAVES)

5,847

3.5777793

$33,180.25

5.89

 

BTC USD
NAV (Net asset Value)

9.941

563,732.27

Shares outstanding

15,000

Price Share

0.00066270

37.582

 

Year %
2017 Performance

3658.22%

 

DYNAMIC FUND

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

27,875.45

6.399367057

$59,347.60

10.09

Siacoin (SC)

4,291,401

2.489

$23,083.05

3.93

Decred (DCR)

2,008.34

13.376

$124,044.35

21.10

Bitcoin (BTC)

25.530

25.530

$236,764.71

40.27

Waves (WAVES)

16,413.88

10.04365317

$93,144.64

15.84

MaidSafeCoin (MAID)

112,237.000

5.5557315

$51,523.74

8.76

 

BTC USD
NAV (Net asset Value)

63.393

587,908.09

Shares outstanding

10,000

Price Share

0.00633933

58.791

 

Year %
2017 Performance

5779.08%

 

EXTREME FUND

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

803,983.00

7.34840462

$68,148.96

9.73

Darcrus (DAR)

38,123.55

1.9061775

$17,677.85

2.53

Ubiq (UBQ)

22,629.25

3.885442225

$36,033.51

5.15

Waves (WAVES)

51,263

31.36796432

$290,905.87

41.55

Guppy (GUP)

108,726

2.419150163

$22,435.15

3.20

Wings (WINGS)

246,372.90

14.82918485

$137,525.56

19.64

I/O Coin (IOC)

35,206.550

13.7305545

$127,336.89

18.19

 

BTC USD
NAV (Net asset Value)

75.487

700,063.80

Shares outstanding

5,000

Price Share

0.01509738

140.013

 

Year %
2017 Performance

13901.28%

 


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