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6 years ago in #cryptocurrency by abitcoinskeptic (74)
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Having someone take care of the balancing and diversity of the crypto tokens is super handy... I have some of their first fund (C20)... it is a strategy that relies on the long term of growth of the entire ecosystem... and it is something that I am more keen to do with the traditional stock market. It's a smart idea to have this... but at the moment, I'm not 100 percent who to trust in this space!
I agree with the difficulty of trust, best spread things out.
I wouldn't mind finding another one, I can imagine if we get to another high, more will pop up. A few have tried, but Invictus is the best (make sure you sign up on their site so you can liquidate there if necessary). There are a few non-crypto ones like hedge funds, ETFs and mutual funds, but I would say those have higher fees, tend to stick to top 3 to 5 only and some probably require massive investments or bank accounts in specific countries.
Oh... I didn't know that I could easily liquidate the C20 shares... I will have to look into that!
I have an interest in all three of their funds. It's a great way to diversify. Thank you for sharing this with everyone. The best thing is they don't offer scummy pyramid bonuses.
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Right, I forgot to mention that. Their bonuses for the index funds are non-existent. For the ICO one they had a smallish one for members which was like 3 to 5% or something. None of this 50% + madness. You can invest based on the general market and not on imaginary FOMO. These people don't mess around or waste money which is good. I think someone calculated that it can last for something like 20 years of BTC being at 1000 USD before they would have to cut it off.
Hey I come from South Africa too, and we had a big blockbuster movie called Invictus about the national rugby team winning the world cup with Nelson Mandela portrayed celebrating it. Matt Damon acted.
I like the distribution across the numerous alts with a slight emphasis on BTC and ETH. I hope they work out, can never be sure what is legit and what not with ICOs. And the alts move with bitcoin nowadays primarily still. BTC is moving the market lately.
Oh I never heard of that movie, but rugby isn't really my thing. Given their other names like hyperion, titan and perseus , I'm going to guess invictus is also a greco-roman thing. But I'm sure atleast some of the team knows of the movie considering quite a few are from there.
Hey @abitcoinskeptic! Thanks for sharing this with us (: it sounds roughly similar to a ETF, except that we are dealing with crypto now. ((:
Do you think there will be a chance where all the top 10 (or 20) fail at one go?
Its basically an etf u buy using ethereum instead of dollars and on their website or a small exchange instead of NYSE or wherever.
It would have to take something like the G20 or OECD collectively deciding they are all illegal to own transfer or mine. Their market cap would be set back so far. However since powerful entities are investing now, its doubtful that would materialize.
Invictus could pull an exit scam although they would have probably done so in winter 2018 when the value of c20 was nearly 10x the value of all now with much less effort.
They don't invest in tethers which are the most at risk to suddenly collapse. I can easily see half failing in the top 10 or 20 but it would likely happen to most so slowly the rebalancing will reduce exposure.
I think big players in finance are waking up to the idea that bad mouthing legitimate cryptocurrencues is no longer as safe as it used to be.
Thanks for the detailed reply @abitcpoinskeptic!
And it's an open secret that they badmouth it just because they're buying time to produce their own centralized cryptocurrency. E.g. FB
I have been ay-ballin' that C20 fund just recently. I think a hedge fund would be great investment if I had the money.
Tough I must say that it maybe too early for these funds as even that top 10, just like you said, contains some coins that have questionable potential to be here after, let's say 2 years.
The rebalancing is what makes me comfortable. But it won't save me in a suddent collapse. C10 is definitely safer in this regard. I can't say I am the biggest fan of EOS TRX BNB or BCH, but I dont think they are junk.
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