BLUE MAGIC Capital: Blockchain investing firm (hedge funds in ICONOMI)



  • Blue Magic Capital WEEKLY REPORT 11/06/2017

    Hi all.

    It has been a quite relaxing week. Not many movements, not many fundamental changes since last week. The situation is the same, and so are our visions and future movements. For more info about this read past week weekly report.

    Enjoy.

    RETIREMENT FUND






    DYNAMIC FUND


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  • Blue Magic Capital WEEKLY REPORT 18/06/2017

    Hi all.

    Another week without much movement in the markets or the portfolios. There was a big BTC sell-off this week produced by the increasing possibility of BTC splitting in 2 this august. Right now, this looks like the biggest risk.

    We’ll have to be aware of how the BTC debate evolves until august. If the probabilities of BTC split increase, we’ll start reducing some positions of the portfolios and increasing the FIAT position, to avoid the possible general sell off in the markets if this happens.

    For now, we don’t have enough info to make this decision. We can only wait for news now.

    Enjoy.

    RETIREMENT FUND


    DYNAMIC FUND







    EXTREME FUND




  • Blue Magic Capital REBALANCING 19/06/2017

    Finally Antshares (ANS) got the pump we were waiting for. We take advantage of the high volume conditions to sell all the ANS positions in Retirement & Dynamic funds. For now, we’re gonna keep these positions in cash (USD).

     

    Enjoy


    RETIREMENT FUND









    DYNAMIC FUND

    Before




  • Blue Magic Capital REBALANCING 29/06/2017

    Hi all.

     

    As a result of the tremendous uncertainly in the markets lately, and some big dumps that could mean the start of a short-term correction phase, we have decided to hedge our portfolios a bit until things clarify. We’ll be passing all our “blue chips” positions (BTC, ETH) to Fiat, in order to reduce the exposure and the risk of the funds. For now we’ll be keeping all the mid cap positions since getting in & out of them could be a big issue. We have a lot of confidence in those bets.

     

    Enjoy

    RETIREMENT FUND



  • Blue Magic Capital WEEKLY REPORT 02/07/2017

    Hi all.

    Welcome to the summer, welcome to the taking profits scenario. After 2 weeks of constant selling almost everywhere, we can say that a little bear session/correction has arrived. Obvious question that everyone wants to know is if this is the start of a long correction aka “bubble pop” or is just a normal correction inside of a tremendous bullish market.

    First of all, let’s make a short term analysis of the situation (1-2 motnhs):

    1. The BTC drama looks like will not stop in 1st Most recent news indicate that miners & notorious well known people will sign for Segwit2X by the end of July. That version still will be compatible with the core/blockstream proposed version and the definitive hardfork and split of BTC would happen (if it happens) in October-November. So that discussion is not ending this summer, and we could say that it shouldn’t make any crazy affect on BTC prices after all.
    2. From a technical perspective, it looks like BTC & therefore altcoins (since now they are very correlated) could perfectly retrace to 1600-1900$ BTC level or 60-75 B total market cap level, stabilize there a bit and then up again. There are no signs of this correction going deeper of those levels.

    From a long term perspective:

    1. When the BTC scaling drama ends in October-November, no matter what is the result, we’ll have 1 or 2 “scalable” versions of BTC (I say “scalable” because I don’t consider that putting 95% of transactions offchain is an acceptable way to scale a P2P network, but who cares XD). That “scalable” and “super improved” version of BTC will surely generate A LOT of interest and marketing outside, so end of 2017 and all 2018 would look mega-bullish again for the sector.

     

     

    So the conclusion is very easy to apply, we get some $ positions as a hedge of a possible short term correction (already done, a bit late, our fault), but our long term vision keeps absolutely bullish. For BTC, and for altcoins. All altcoins in our portfolios have a lot of stuff coming in the next months and there’s no objective reason to worry about.

     

    Take care and relax, road to the moon aka financial freedom is not so easy



  • Blue Magic Capital WEEKLY REPORT 16/07/2017

    Hi all.

    Sadly, our 60-70 Bn $ total market cap prediction came true. We have arrived at those levels, and the question is “what now”?

    Well, the good news is that our “status” has changed to “bullish” again, meaning that we’ll be starting to look for the future investments. That doesn’t mean that we’re going to buy NOW, or next week. Catching a falling knife can be a disastrous bet sometimes, so we prefer to enter when waters calm a bit.

    Looks like the August 1st event is FUD’ed to the max with no apparent reason. It’s pretty clear that a big % of miners is gonna sign for segwit2X and the process of fork will start there. Even with that, a supposed fork would not occur until September-October, so the shitshow will probably continue for some months.

    All the worst predictions we made in may-june for summer have come true, and to be clear we didn’t act accordingly and that’s a failure. We should have put a bigger Fiat hedge position before summer, but that’s a past thing already. Funds are still in a very high annual levels, but they could have been better.

    As said, the future plans for the coming days/weeks is to WAIT. We need a more clear environment and better charts to start investing again.

    The good thing of all that, is that in the next investing round we’ll be able to enter in a much lower prices than some weeks ago.

     

    Enjoy.



  • Blue Magic Capital WEEKLY REPORT 23/07/2017

    Hi all.

    Last week came the big depression, and this week has come the big recovery. In effect, as rumours indicated last week, consensus for segwit2X has been achieved easily and the BTC situation is “solved” for now, in the sense that there will be no split in 1staugust. Well, there will probably be an split with a Chinese coin called BTCC but it’s value should be residual and should not affect prices a lot.

    BTC chart looked like shit last week, and this week looks tremendously bullish again for the coming times. There should be no problem to break the ATH 3000 $ levels in the coming weeks if everything runs OK, and everything points to that.

    The point to take into consideration now is “what altcoins” are going to do vs Bitcoin. Well, based on my experience, I would say that altcoins IN GENERAL need a consolidation period in $ terms. And I say IN GENERAL because there are certain altcoins with so much stuff coming in the coming weeks and months that will most probably outperform the other ones.

    But returning to the topic, I think that the most probable outcome for next weeks and (months?) is a growing BTC, and altcoins keeping their $ value and probably dropping vs BTC value (WITH EXCEPTIONS).

    Based on that, we will start rebalancing the $ positions mainly into BTC and hopefully to these altcoin exceptions when the time is right. In my opinion, the time to start doing that would be with BTC under control and breaking the ATH with a solid pattern.

    My gut says we’re not away from that situation 



  • Blue Magic Capital WEEKLY REPORT 10/09/2017

    Hi all.

    As you can feel, we’re in the middle of a tremendous BTC FUD campaign again coming from Choyna. The only Chinese verified news are the chinese ICOs temporal or *permanent? Ban. And it’s not strange, ICO’s will and need to be regulated. I would prefer them to be regulated in a descentralized reputation based system, but we all know that governments will most probably regulate it by themselves.

    In any case, there are almost no Chinese ICO’s at the moment, and the Chinese ban BTC fud has still to be confirmed. By the way everything looks, we will probably have more FUD in the coming days and BTC could do a short quick move to the 3000-3500$ zone, consolidate there and continue to grow, as the fundamentals keep on the clear rise (attention, userbase, tech) will almost surely grow for the next months and years.

    WEEKLY REPORT:



  • Blue Magic Capital REBALANCING 13/09/2017

    REBALANCING 13/09/2017

    Hi all.

     

    We make a little rebalancing in Extreme Fund, and add a substantial 15% IOC position that will come from 7.5% WAVES and 7.5% WINGS.

    Although the IOC volume is usually low, the project is super solid and this year still has not pumped big league. With the big updates coming next month, and the appearance of the chart, we believe that a nice pump in very probable in the coming weeks.

     

    Enjoy

    DETAILED MOVEMENTS


    Retirement fund:View

    Dynamic fund:View

    Extrem fund:View



  • Blue Magic Capital WEEKLY REPORT 24/09/2017

    Hi all.

    Key days and weeks for BTC and the cryptocurrency sector in general. After all the Chinese and bankster bullshit, BTC continues in a state of FUD and charts reflect that fear state. And it’s normal, cause a quick return to the 3000$ level would mean a clear weakness of the market and most probably that level would be lost too. BTC would return into the 2500$ and that would be VERY BAD for the next months. A quick full retrace pattern after the impulse from 2500$-5000$ level would be a signal that the market is not ready to go into higher levels, and that could perfectly mean the start of a multi-month bearish/sideway trend.

    But that’s of course, in the worse possible scenario and only taking charts into account. If we look at the short-mid-long fundamentals for BTC all of them are very positive. Chinese FUD should disappear soon, since there are not many things remaining that Chinese government can ban. There won’t likely be another Segwit2X drama because the existence of BitcoinCash. BTC awareness keeps growing each day, number of BTC investors too, Wall St opening seems closer every day, smart contracts are coming to BTC next year and LN too, what should give a big boost to efficiency of BTC transactions, and in consequence, a boost to utility and popularity.

    If we have all these positive factors in mind, looks very very unlikely that the first theory will take place (BTC dropping under 3000$ and hibernating for months).

    In my opinion, we should see 2-3 week consolidation period in the 3500-4200$ range and then the stairway to heaven would be open again.

    In the altcoin world, things keep very quiet. Some isolated pumps coming from the low cap sector and not much more. Seems that we’ll have to wait a bit more.

    Enjoy.

    RETIREMENT FUND



    DYNAMIC FUND


    EXTREME FUND




  • Blue Magic Capital WEEKLY REPORT 01/10/2017

    Hi all.

    Last week, we talked about how important was going to be these days. BTC was in a key zone and a drop below 3000$ level would probably have meant the start of a multi-month bearish trend. But as stated, fundamental factors didn’t indicate that scenario. In this key week, market behaviour has been exactly the expected if the bullish trend was going to continue. BTC went out of the dangerous zone, and now everything, from the fundamental and technical perspective, seems to indicate that the mega bull crypto run will continue, and BTC could easily go to ATH again in the next 4-8 weeks.

    Altcoin sector is generally frozen these days, new altcoin runs will likely take more weeks to start.

    Enjoy.

    RETIREMENT FUND






    DYNAMIC FUND




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