Hello everyone,
I don't mind what people say or how much fear you're suffering. The FTX & Alameda Scandal is a great time to buy progressively and accumulate. And this is exactly what I'm doing with the little room for maneuver that I have. Let's recap.
-The first thing that I want to say (and maybe something which I should have done earlier, dunno).
- SEED funds have not been exposed in any way to the FTX scandal. I hold everything in cold wallets.
I only use centralized exchanges when I need to, and funds don't remain there for more than a few minutes (the time which it takes to deposit crypto A, trade, and cash out crypto B. You should do the same. You know... not your keys...
Hive assets for SEED are held on
, as most of you already know.
Our ETH wallet is 0x3D2B2D9702D424FEb4b20935f5F5dAC955dB4baf, and there sits the DAO's staked and all the vested tokens (which unfortunately any interface show properly).
This doesn't mean that the last crash affected us... far from that. We suffered a very decent drawdown in % terms. I'm somewhat sad to say that now the SEED-backed value is very near its initial price of 1$.
What has been eaten for what has been served...though
I keep accumulating more ETH and ORN. ETH is a very safe fundamental play that will only get better and better. ORN is much more speculative but it has the edge in market cap which we need for scoring those juicy x25-x50 multipliers in the future.
We still hold 3K$ in BUSD and CUB.
Capitulation is near I believe. Doesn't matter if BTC hits 14 or 12K at this point, damage has already been done. This is my permabull opinion. Now our hands can't tremble.
Our holdings stay as follows:
the bar chart draws a new low obviously:
Current SEED Stats
- Circulating supply: 100K (full released)
- Total value of AUM: 110000$
- Backed value of each SEED: 1,1$
As I said we almost returned to the initial point. It's not that bad since Bitcoin did a -75% and most of the other alts a -90%, but hey it is as it is. Seems that we'll have a few dark/uncertain months ahead.
Keep accumulating! And don't forget to enjoy the remaining of your weekend.
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Remember you can follow the portfolio in real-time here:
https://cointracking.info/portfolio/seedtreasury
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