💰Update on the Collaborative SteemFund - 4th Week💰

vlemon (76)in #steemfund • 6 years ago (edited)

Dear Steemians,

This is now the 3rd Update on the Collaborative #SteemFund to help new CryptoInvestors making good choices.

How does it work ?

I started by making a quite diversified Crypto Investment Fund with cryptos I like and I believe have great underlying projects.

Every week, depending on the comments I receive on this post or on my Twitter account, I will make a survey asking if we should integrate a new "Crypto".

The one receiving the most votes will then be integrated in the Portfolio.

We will track the Portfolio Performance on a Weekly Basis.

This initiative can ONLY work if Steemians gather to discuss Crypto Projects and come together.

Portfolio as of Wednesday March 7th

Performance of #SteemFund

Performance has been very volatile and today is just a Blodd Bath...
Our Portfolio Value is currently standing at $7928 (-20,72% over this period).

Steem: If you read this, you know why. I am still mad that I did not buy more at <1$
Eosio (EOS): I believe in Dan Larimer; he already developped 2 great projects (Steem and Bitshares) and as the Co-founder of Steemit on @SGTReport said about Dan larimer and its EOS ICO: “The people who say that there is no product yet, Dan has built 2 of them if they think he’s not gonna build the 3rd one, they’re crazy. This is the one he always wanted. The other 2 were just helping him get there”. EOS Meet-up in NY taking place today, AirDrop in 2 weeks of their first partner.
Ethereum (ETH): In my opinion, it has been the most exciting project in cryptos so far. This project has been copied or inspire many other hot cryptos (NEO, EOS...). Devon3 gathering brought a lot of visibility on Ethereum's next improvements especially on the scalability issue.
Siacoin (SC): Siacoin is a solution that allow companies to use storage in a decentralize on Siacoin network. “Miners” are renting their storage capacity. It is 5-10x less expensive than with traditional companies as Amazon Web Services, Google, etc…
STORJ: Same business plan as Siacoin, smaller Market Capitalisation and recently the company announced that it “froze” some of its tokens as they will not need it in the next 6months+ to finance the development of the platform. This is a good sign as it tells us the team is feeling confident to have “all it needs” to deliver what the market expects.
Golem (GNT): It is a cryptocurrency allowing you to use the calculating power of the computers connected to its blockchain network. This is useful for companies looking to rent some calculating power for a project, etc…
Augur (REP): I just like the prediction market project. They have a good team of developers and seem to work very hard on this project. And last but not least but they keep you updated on a weekly basis.

Transaction Prices

1.175 Ethereum at 852 USD
220 EOS at 9.1 USD
18.5 Augur at 54.9 USD
235 Steem at 4.25 USD
42000 Siacoin at 0.02387
1450 Golem at 0.342
500 STORJ at 1.01 USD
4000 BitShares 0.25 USD
625 WABI at 1,61 USD

What should we do?

I made a 4 choices Survey on Twitter that you can find here concerning the Cryptos we should sell at the moment.

Not Sell anything and stick with this Portfolio
Sell 5% of EOS as it performed badly during the past week
Sell 5% of Augur as it is a low Market Cap Altcoin and vulnerable to Bear Market
Cut STORJ as it is a small crypto vulnerable to Bear Market