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Profit/Loss in all Closed Positions

Coin Opening position Closed P/L
Numeraire (NMR) 03/24/19, 
long
at $7.78
06/13/19 at $8.58 10.28%
Binance (BNB) 03/01/19, 
long
at $11.52
06/14/19 at $32.17 179.25%
Crypto.com (CRO) 04/16/19, 
long
at $0.082
06/16/19 at $0.065 -20.73%
Dmarket (DMT) 04/02/19, 
long
at $0.257
07/07/19 at $0.18 -29.96%
Wabi (WABI) 04/12/19, 
long
at $0.33
07/07/19 at $0.202 -38.79%
Maker (MKR) 03/01/19, 
long
at $685
05/09/20 at $341 -50.22%
Nebulas (NAS) 04/16/19, 
long
at $1.42
05/09/20 at $0.297 -79.08%
Ravencoin (RVN) 03/19/19, 
long
at $0.036
07/06/20 at $0.019 -47.22%
Crypto.com Visa (MCO) 05/29/19, 
long
at $6.68
07/07/20 at $4.18 -37.43%
Balancer (BAL) 07/06/20, 
long
at $10.8
07/25/20 at $10.9 0.93%
Status (SNT) 05/09/20, 
long
at $0.0284
08/08/20 at $0.0276 -2.82%
Unibright (UBT) 05/09/20, 
long
at $0.266
08/25/20 at $0.37 39.10%
Holochain (HOT) 03/28/19, 
long
at $0.001
11/21/20 at $0.0006 -40.00%
Huobi Token (HT) 04/02/19, 
long
at $2.75
11/21/20 at $4.35 58.18%
Basic Attention Token (BAT) 02/12/20, 
long
at $0.312
11/21/20 at $0.23 -26.28%
Tezos (XTZ) 02/12/20, 
long
at $3.28
11/21/20 at $2.31 -29.57%
Hedera Hashgraph (HBAR) 03/06/20, 
long
at $0.054
11/21/20 at $0.033 -38.89%
Aave (LEND) 05/09/20, 
long
at $0.064
11/21/20 at $0.73 1,040.63%
Swipe (SXP) 07/18/20, 
long
at $1.084
11/21/20 at $1.06 -2.21%
XIO (XIO) 08/18/20, 
long
at $0.65
11/21/20 at $0.222 -65.85%
Unitrade (TRADE) 08/25/20, 
long
at $0.79
11/21/20 at $0.26 -67.09%
Enjin (ENJ) 03/01/19, 
long
at $0.079
01/03/21 at $0.142 79.75%
Decentraland (MANA) 03/28/19, 
long
at $0.072
01/03/21 at $0.085 18.06%
Dash (DASH) 02/12/20, 
long
at $133.7
01/03/21 at $88.8 -33.58%
Vechain (VET) 07/13/20, 
long
at $0.0185
02/10/21 at $0.035 89.19%
VTHO (VTHO) 07/25/20, 
long
at $0.00225
02/10/21 at $0.0028 24.44%
Darwinia (RING) 08/08/20, 
long
at $0.0533
02/10/21 at $0.098 83.86%
Morpheus (MIXT) 09/10/20, 
long
at $0.036
02/10/21 at $0.039 8.33%
Band (BAND) 11/21/20, 
long
at $7.1
02/10/21 at $12.9 81.69%
Loopring (LRC) 07/13/20, 
long
at $0.118
03/01/21 at $0.52 340.68%
Algorand (ALGO) 07/16/20, 
long
at $0.342
03/01/21 at $1.04 204.09%

IMPORTANT: The final % gain/loss column has little meaning to performance since in practice, I typically buy an outperforming coin more than once while selling coins that lag. Note that in practice with my own account over the years, I have pyramided top performers such as ETH, AAVE, SNX, YFI, LINK, ENJ, BNB, and a few other profitable coins because their price action confirmed their fundamentals, thus I am overall up quadruple digit percentages, well outpacing most all stock and crypto portfolios, since Jan-2018 (as of this writing 1-10-21). 2013-2017 were amazing years so nothing to brag about so I leave it out though it is included in the audit.  Other coins I only bought in small size such as NAS, NMR, and MCO, or did not buy at all such as DMT and MKR, so the profits made in BNB and profits made so far in my other holdings such as LINK, LEND, and ENJ far outweigh the small losses. Over time, the organic effect is always a concentration of capital into the better performing coins with the aim to beat out bitcoin by large amounts such as I've done in past bull markets such as in 2013 and 2017, in bear markets such as in 2018, and now again since 2019. If a coin lags within the context of its chart over a sufficient period, I cut the position by at least half. This way, capital is force fed into the strongest names. In crypto, strength begets strength.

Since bitcoin is the coin to beat over any given cycle, buying the right names takes much in-depth analysis. The risk/reward in cryptocurrencies is like no other. During bull runs, 10-fold gains are achievable while the rare 100-fold gain is 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 between the best alt coins and bitcoin, odds favor more 10-baggers than zero-baggers as long as the fundamentals are on your side.

In the late 90s, dot-coms had a huge run 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 in the current crypto bull. We are 19 months into the bull market (as of June 28, 2020) with bitcoin having bottomed in Dec-2018, so another year or two of bull activity in bitcoin and the top alt coins is certainly possible given the numerous tailwinds which I have discussed in prior reports as well as the guiding light of history.

My metrics have called every major top & bottom in bitcoin since 2011 (real-time since 2013) within a few weeks of the top. The major signals come rarely but since the space remains relatively clean, sitting tight during bull markets in the right names is key to making big money. As one example, in the bear market of 2018, I was still up that year while the median performing crypto hedge fund lost -46% (PwC).