2019 Market Update 001 - December '18 In Review
As I am sure you’ve noticed, the markets have been having a rather rough time in 2018, with many coins falling as much as 90%-95%. While certainly a challenging year for us, we are proud to say that we outperformed nearly every alt coin (Ethereum, EOS, NEO, Bitcoin Cash, Iota, Cardano, to name a few of the big names).
While many funds shut down due to a mix of poor performance and AUM shortcomings, we put our heads down and decided to find opportunity in the mess that the market has been as of late, in order to make it through this current bear market, and succeed in becoming a top 5 Crypto Asset Management firm in the long run.
After deep research talking with fellow fund managers and crypto teams, negotiations to reduce our overhead, and successful fundraising of further capital, we are moving boldly into 2019 at a time when most are contracting.
Our position for the coming short, mid, and long term are as follows.
Short term (next 6 months): The markets are likely sliding lower during this period due to fund liquidations, lay-offs in the industry, and project shut downs. We target Bitcoin at around $2500. We will use this period to day trade, with less than 5% long term allocations.
Mid Term (6-12 months): This is the period when trading volumes will likely start going low, and many projects will have failed. This is the ideal time to start looking for the projects that are still working hard despite the financial pressure. At this time we will start strategically buying into quality projects whose prices got decimated during the market sell-off. We will also continue day trading taking advantage of side-ways market strategies, as well as keeping a lookout for breakouts.
Long Term (12-24 months): The return of the bull market. Based on many other similar market cycles, from the Bitcoin bubble in 2014 to the Tech Bubble in 2000, and the recession in 2008, most of these markets return to their next bull run after 600-800 days. Since we are nearly 400 days into the bitcoin bear market now, this timeline is closer than we think. Hence we believe a year from now things are likely to go up, and when things go up in the Crypto space, they go up dramatically.
These positions will of course adapt over time, but they are based on taking a deeper look into similar market cycles and taking a lot of predictable catalysts into account.
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