Hartmann Capital


Thoughts, Insights, and Market Commentary

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. 

The information contained or attached herein is not intended to provide, and should not be relied upon for, accounting, legal or tax advice or investment recommendations. This presentation may contain forward-looking statements that are within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on management’s beliefs, as well as assumptions made by, and information currently available to, management. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to be correct. This email is for informational purposes only and does not constitute an offer to sell, or the solicitation of an offer to buy, any security, product, service of Hartmann Capital as well as any Hartmann Capital fund, whether an existing or contemplated fund, for which an offer can be made only by such fund’s Confidential Private Placement Memorandum and in compliance with applicable law. Past performance is not indicative nor a guarantee of future returns. Please consult your own independent advisors. All information is intended only for the named recipient(s) above and is covered by the Electronic Communications Privacy Act 18 U.S.C. Section 2510-2521. This email is confidential and may contain information that is privileged or exempt from disclosure under applicable law. If you have received this message in error please immediately notify the sender by return email and delete this email message from your computer. Copyright 2019 Hartmann Capital , LLC. All Rights Reserved.



Felix Hartmann