The Momentum Fund
We've been sitting on the sidelines in TUSD for the past month. It's not the most exciting time to be invested in the fund but it's all for good measure: protection of capital in the face of poor Bitcoin momentum. We had a few people exit the fund (we suspect because stable coin investment is boring!), but we were impressed that the vast majority of you remained with us. Based on backtesting, we're confident that you will see better gains in the long run by following a momentum-based strategy.
As can so easily happen in cryptocurrency Bitcoin went wild a few days after our last update, rocketing from ~$7500 to ~$9500 in the space of 72 hours. All signs pointed to a reversal of momentum which would have meant our Fund would return to having some Bitcoin exposure. Unfortunately the last three weeks have consisted of a steady decline back down to test the $8000 support. Although BTC managed to cross the 200 DMA for a week, since early November it has again been sitting below both the 100 and 200 DMA. At present BTC's price is $8110, under both the 100 DMA ($9234) and 200 DMA ($9376). Therefore we will continue to play defensively until BTC begins to rise again.
You can see the full Momentum Fund strategy here.
The Community Fund
Our newest fund pools the community's views on which two coins will perform the best over the subsequent thirty days. This month BTC and NEO have been chosen to make up the fund, and although BTC has been declining NEO is holding firm. There is still a third of the month left before the Community Fund's reallocation.. Please be sure to vote for which coin you believe will perform the best in the month of December at the link below.
Voting for the December allocation is now open and can be found here.
Growth, Intrepid, Balanced & Defensive Funds
Our risk-staggered funds continue to perform strongly overall, albeit with a rather quiet month. Reallocation of all funds has now occurred. Due to Bitcoin's falling momentum we have reduced the funds exposure to this, while still holding onto the higher market cap alts and some smaller altcoins who have important upcoming events this month.
Thanks to everyone who continues to trust their capital with us, and cheers to another successful month!
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