Dear Steemians,
It has been a long time that I wanted to launch a Collaborative #SteemFund to help new CryptoInvestors to make good choices.
How will it work ?
I started by making a quite diversified Crypto Investment Fund with cryptos I like and think 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 integrating 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.
The Starting $10,000 SteemFund Portfolio
It was launched on February, 9th (19 Days ago)
Steem: If you read this, you know why. I am still mad that I did not buy more at <1$
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
Portfolio as of Wednesday 28 February
Performance of #SteemFund
During these 19 days, the market has been very volatile and we resisted pretty well.
Our Portfolio Value is currently standing at $9481 (-5,19% over this period).
What should we do?
I made a 4 choices Survey on Twitter than you can find here concerning the Cryptos we should sell at the moment.
- Not Sell anything and stick with this Portfolio
- Sell 5% of Litecoin as it performed well over the period
- Sell 5% of EOS as it stood fairly stable but is our biggest holding
- Cut STORJ as it is a small crypto vulnerable to Bear Market
In which Cryptos Should we invest the previous sell (if any)?
Please find the other survey here
- Bitcoin
- Monero
- NEO
- Ripple
What do you think of this initiative? I am so excited to read your comments!
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