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Dr K's Crypto Picks
From Dr K: The following returns are based on taking the price at which time the report is sent. Please do your due diligence to verify that the reported price is accurate as all reports sent by VSI are time-stamped. The prices have not yet been audited or verified. That said, the trades are documented on the exchanges- Binance, Bittrex, Bitstamp, and to a lesser degree, Kucoin, as well as on decentralized exchanges when I was allowed to buy pre-ICO coins before the U.S. disallowed such trading activity.
| Coin | Opening position | Current Price (1-15-2020) |
% Gain/Loss as of 1-15-2020 |
|---|---|---|---|
|
Enjin (ENJ) reported on 3/1/19 |
long | $0.079 |
0.075 | -5.06% |
|
Theta (THETA) reported on 3/1/19 |
long | $0.148 |
0.105 | -29.05% |
|
Maker (MKR) reported on 3/1/19 |
long | $685 |
555 | -18.98% |
|
Ravencoin (RVN) reported on 3/19/19 |
long | $0.036 |
0.0266 | -26.11% |
|
Decentraland (MANA) reported on 3/28/19 |
long | $0.072 |
0.033 | -54.17% |
|
Holochain (HOT) reported on 3/28/19 |
long | $0.001 |
0.00079 | -21.00% |
|
Chainlink (LINK) reported on 4/2/19 |
long | $0.582 |
2.47 | 324.40% |
|
Huobi Token (HT) reported on 4/2/19 |
long | $2.75 |
3.32 | 20.73% |
|
Nebulas (NAS) reported on 4/16/19 |
long | $1.42 |
0.46 | -67.61% |
|
Crypto.com Visa (MCO) reported on 5/29/19 |
long | $6.68 |
4.81 | -27.99% |
|
Bitcoin (BTC) reported on 8/3/19 |
long | $10810 |
8766 | -18.91% |
The final % gain/loss column is less meaningful since in practice, I may buy a coin more than once while reducing the exposure of coins that lag. Other coins I may not buy at all. Over time, the organic effect is a concentration of capital into the better performing coins with the aim to beat out bitcoin by large margins such as I've done in past bull markets such as in 2017.
Since bitcoin is the coin to beat over any given cycle, buying the right names takes much in-depth analysis. The asymmetry in cryptocurrencies is like no other. During bull runs, 10-fold gains are standard while 100-fold gains are possible. If you are sitting on 9 coins that die, and 1 coin is a 10-bagger, you still break even. In practice, since there is still a high degree of correlation, odds favor more 10-baggers than zero-baggers.
In the late 90s, dot-coms had a huge run but this was due to institutions piling on board. The crypto space has yet to have this occur as 2017 was driven by retail money. In the current bull market, it is highly likely institutions will be a significant factor of the next crypto bull. We are one year into the bull market with bitcoin having bottomed in Dec-2018, so another year or two of bull activity in bitcoin and the best alt coins is certainly possible given the numerous tailwinds as well as the guiding light of history.
Note on Bitcoin (BTC): I have made various calls over the years. On January 30, 2018, I personally went to cash selling all my cryptocurrencies on this date due to a major sell signal in bitcoin. I then only bought Binance (BNB) later in 2018. My 2018 performance: +528%. Average cryptofund in 2018: -70.1%. We then sent out buy signals on GBTC on March 18, 2019. For the purposes of the above table, I will start to include calls on BTC (the original bitcoin).