It's been 1 whole week of the 4 week investment fund!
For the most part it's started out fairly poorly - had I started the fund with the same choices a mere 1 day later we would be seeing some nice looking profits. Instead the fund started out buying at the top with a near instant 20% decline in all 4 coins. Luckily Trx has been on a rampage and is keeping the funds value at a small profit. But it sure goes to show that timing is a big factor when trading in the crypto-markets.
Overall the fund has shown a 2.8% gain
Clearly the only coin in profit is Trx, the others are currently bad loosers! hopefully the other 3 coins can pick up the pace and make out like Trx has been doing and with 3 weeks remaining in the funds life, there is still plenty of time for a couple moons!
Bitcoin also made a small move in the past week, gaining nearly 9% and giving our funds value a boost of ~$96.
Basically, the only positive is that the fund isn't negative.
Hopefully next week will produce some better looking results and the crypto tide moves is again.
Initial Fund Posting
If your interested in joining the next crypto-fund, which will happen shortly after the current one ends, feel free to make a comment and I will put your name on the "Interested list" and contact you closer to the start.
- The next pool has 5 participants on the waiting list! (1 more interested user + the 3 current participants + Me).
- No obligation to join the fund by joining the list.
- Max. of 10 participants will be included in the fund at a 1st come 1st serve basis.
Also, we have been discussing tweaking the buy-in based upon participation.
- 5 or less users - 0.1BTC total pool
- 6+ users - 0.2BTC total pool
This will be clarified well before the recruiting process begins for round2.
Like I had said before, anyone can join and it's all in good fun! You will get a color anonymous name and choose your personal token to invest in the fund. For more information please see the Initial Posting
One last thought - Why didn't anyone choose Steem??
Until then...
~Keep Your Steem On~
Crypto and Gold Fanatic