ICOs and Market Update
Succeeding in crypto has a lot to do with being able to trade market cycles effectively. As you've noticed, our frequency of entries varies based on the market cycle (we dont make a ton of trades while the market is tanking).
The ALT marketcap topped out at more than $545 Billion on January 7th. Since that time, the ALT marketcap has lost 29% of its value, and at it's worst on the 17th of January, ALTs were down an average of 50%
The market has bounced and started moving back up over the last 5 days, so we'll like look to start making some entries again. For the newer folks here, our team is overwhelmingly bullish on the long term value of Bitcoin.
Understanding its huge effect on the overall market, we strive to make sure we're always holding at least 50% of our portfolio in Bitcoin, typically offline in cold storage.
As we've mentioned the past few weeks, we're putting a larger focus on ICOs.
Most of the Exec team has been accumulating ETH for a while to participate in more ICOs.
Unfortunalty, probably due to regulatory concerns, an increasing number of ICOs are not likely to have public sales. Many of the best ICOs will be reserved for accredited investors and sell out in private or pre-sale.
Fortunately, however, we've been building relationships with many ICOs over the past few months, with tons more reaching out to us every week. As a result, we hope to be able to bring you oportunities not otherwise available👏
As a rule, we will never share an ICO that we don't personally invest in - putting our money where our mouth is - and we will always disclose if we receive compensation for any promotion of an ICO.
As the market trends back upwards, stay tuned here for more updates, news, and analysis. We will share some ALT entries as we take new positions, per usual.