Welcome to Blocktown Capital. This is the first of many blog posts to come on our strategy for investing in blockchain-powered digital assets.
How are we different?
We have been in this space for a while. First introduced to Bitcoin in 2012, and buying in heavily in 2014 and 2015, we have invested and traded during both the exuberant bull markets in crypto as well as the devastating bear markets.
Since 2013, we have talked about crypto investment strategies nearly every day. Here is Joseph giving the best man speech at my wedding in October 2015, when Bitcoin cost $237.73.
Kidding aside, we continued to buy crypto despite the persistent price slump.
In April 2016, my brother-in-law, Ryan Cody, and I created the “T&C Alt 20 Index,” a carefully selected market basket of approximately 20 altcoins. This index was one of the first longterm altcoin indices in the space. Shown below is an article published in Cointelegraph back in Feb 2017, highlighting the T&C 20 Index. This was back when the total market cap of altcoins was hovering around only $3 billion (presently at $170 billion). The full Cointelegraph article can be found here.
Throughout this time, I was still in medical school at Columbia University, College of Physicians and Surgeons in New York, and then later in residency in a competitive surgical specialty. Joseph was in medical school, and John was a trader for Citigroup on Wall Street. Because of our high level positions and aspirations in our respective careers, only our closest acquaintances knew of our obsession with cryptocurrency. That is, until recently.
Joseph withdrew from medical school in early 2017. John is transitioning from his position on Wall Street as a trader for Citigroup. I left residency just three months before graduation. Even after a bear market, our investment strategy has been very financially rewarding. With cumulative gains in total capital over 10,000% after some aggressive well-timed positions, we are comfortable making these professional sacrifices and are excited to pursue blockchain full-time.
Launching Blocktown Capital
When we first took sizable positions in altcoins in 2014, daily trading volumes were laughable. Many digital currencies had volumes under $1000. Today, nearly all of the top 10 digital currencies have over $100M in daily volumes and most currencies on the first page of CoinMarketCap have volumes over $1M.
The good news is that the increased euphoria and liquidity now allow investors to take much larger positions. The bad news is that many novice investors are going to lose large stakes in the painful process of familiarizing themselves with digital asset investment strategies.
Over the last several months, we have seen an explosion of self-proclaimed cryptocurrency experts and hedge funds announce themselves in this space. Everybody was an investment genius in the bull market of Q4 2017. Today, with the overall market cap down over 60% and many altcoins slumping over 80%, now is the time the strategic investors surface.
The bear markets can be as exciting as the bull markets. The bear market currently underway is becoming an opportunity for entry into the market. The first quarter of 2018 has provided investors and cryptocurrency enthusiasts the opportunity to differentiate the smart funds from the not-so-smart ones.
Our blog will show you this difference.
Stay tuned for future blog posts from Joseph, John and myself on our digital asset management strategies and insights into the state of the market and token economy. The next couple of years promise to have tremendous potential.