Smart calculated risks... Why i didn't put your money here
Hey guys, i had a few of you reach out asking if the fund had invested in ANTS (now known as NEO) some of you where shocked when i said no. Some of you also asked, Do you think i should invest myself. to which i simply wouldnt reply.
Personally i am heavily invested. Now you might be thinking. "if your invested then why aren't we"
Here is why, My money is my money. If i lose it i answer to me (and my family) Your money is your money. I don't ever want to lose you a cent (although it could happen and already has in some cases) I wont take gambles with other peoples money like i will with my own. I went to bed last night with a net worth in Ants of 5.9BTC (21149.59 Australian Dollar) now worth 3.2BTC (11470.47 Australian Dollar) What a great feeling !
ANT yes did go up 800% in the last few weeks, However in the last 48 hours seen a high of $14usd and low now and crashing hard of $6 and bouncing back up as high as $8 while
It was to volatile and simply could not be measured with the amount of hype around it driving the prices all over the place.
The second reason, you are here and committed to a six month BTC hold that we can move around as we see fit. I believe Neo will go to the moon in the next few years if they stick to there plan and china adopts. Truth is some of you will not be here in 6 months and when u leave us you could be leaving at an all time low, When we got in at an all time high. Again just not worth the risk.
So in short guys this is why the fund did not choose to go into ANS with your monies. To volatile, to much hype and just way to early to predict if its a long term game changer with a short term fund.
Thank you for your trust and we truly appreciate you all