Super Crypto Profit Fund - Week2 update
2 weeks down - 2 left to go
The first week had started out poorly with bad losses piled up and the only reason the fund was in profit was do to TRX pumping. Luckily, this 2nd week had a rebound and for awhile there, every coin was in profit. It was only since BTC decided to move another 10% did most alts make a pull-back. I honestly think ALTS are not done and I'm actually quite surprised NEO and NXT haven't moved more, which has me thinking of making a separate investment into NEO..
After 1 week, the fund showed a 2.8% over-all gain.
This 2nd week has extended the funds profits to an overall 8.5% gain
Once again, the only coin in profit is TRX. Neo, wings, and Nxt are the losers but have experienced some rebound since the 1st week.
I have high hopes that when the fund ends in 2weeks - All coins will be in 10% - 20% profits. I think the fund is well positioned to make some better gains next week!
Another positive is that Bitcoin has made significant gains since the fund began, moving from $8,340 all the way to the current high of $9,948.
Since the fund has gained on Bitcoin - the original $ amount invested was $834 and now the funds cash value is estimated at $1,080!
$245 increase in value which comes to an astonishing 30% gain in 2weeks!
- I am waiting for these top hedge funds to start knocking down my door
Week 2 is in the books, hopefully the 3rd week will show major gains and put all our investments into profit territories
Initial Fund Posting
https://steemit.com/investment-pool/@generation.easy/small-scale-1-month-super-crypto-profit-fund-scpf-it-s-on
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
Another thought between the original members was to do a parlay. Take the profits from fund 1 and roll it over into fund2 - depending on profits, any additional member looking to join would match our parlay investment.
- Nothing is set in stone yet
This will be clarified next week when the recruiting process will begin
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
Until then...
~Keep on - Steemin' on~
@generation.easy
Bitcoin and Gold Fanatic
Cryptos are pretty amazing in that they have the potential to give such huge gains (and losses if you're not careful) in such a short period of time. That's a pretty good return on your initial investment in just a matter of weeks.
I'm more of a long term trader / investor so I just hold most of what I've got and intend to do so for the foreseeable future. I do still make the occasional buy when the timing seems right though.
When the time isn't "right" and I'm not buying cryptos I usually choose to allocate extra funds I have to my silver collection...cryptos and precious metals are definitely both good and in my opinion crucial parts of a balanced portfolio. Stocks and bonds might be regarded as more stable investments but anyone who had a significant investment in them going into 2008 knows better...
Timing is everything with cryptos and having the ability to hold through those nasty short term losses.
I still think about the people who bought in December. This little pump going on isn't much for them to get excited over. Eth topped $1,400 and is just now recovering over $800.
It's definitely not for those with heart issues ;)
If your strategy works, do it!
Seems like you have it down. I hold, but I like to trade too ;)
Yeah it's hard to resist the temptation to trade a little bit as well. As I said/ implied, I always hold a core position in all my cryptos and the amount that I'll trade at any given time is never more than 25% of my net holding of said coin.
Very interesting article @generation.easy, you are giving me a class, about many things that I do not know, thanks for your wisdom, may God bless you always.
Regards...
I was summoned by @generation.easy. I have done their bidding and now I will vanish...
A portion of the proceeds from your bid was used in support of youarehope and tarc.
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