Here at Reno Blockchain, we are currently a group of 12 blockchain and cryptocurrency enthusiasts who have created 2 competing cryptocurrency speculation teams:
1- the Bitcoin Bulldogs, and
2- the Winklevoss Wildcats.
The Bulldogs have chosen a strategy where they remain loyal to Bitcoin and ONLY speculate on Bitcoin positions. Meanwhile, the Wildcats are free to choose any coin or coin/currency pair for their positions. We have finished Week 3 of Round 6 of 2018 (from 5/20/2018 through 6/16/2018). Each round is always 4 weeks (28 days) long and each week runs from Sunday 12:00 AM through Saturday night 11:59 PM. Each team started on 1/28 with $2500.00 and after 133 days, here is the ranking history up until the third week of Round 6:
| Week | Date | Market Cap | P/L | Bulldogs | Wildcats |
|---|---|---|---|---|---|
| Start | Jan 28 2018 | $561.9B | 0.00% | 0.00% | 0.00% |
| Wk 01 | Feb 04 2018 | $449.5B | -20.00% | 0.00% | 0.00% |
| Wk 02 | Feb 11 2018 | $386.5B | -31.21% | -1.44% | -5.85% |
| Wk 03 | Feb 18 2018 | $494.4B | -12.01% | +7.54% | +12.64% |
| Wk 04 | Feb 25 2018 | $433.1B | -22.92% | +4.46% | -0.70% |
| Wk 05 | Mar 04 2018 | $452.4B | -19.49% | +13.36% | +6.46% |
| Wk 06 | Mar 11 2018 | $364.8B | -35.07% | +3.29% | -11.18% |
| Wk 07 | Mar 17 2018 | $297.2B | -47.10% | +1.11% | -32.84% |
| Wk 08 | Mar 24 2018 | $328.7B | -41.49% | +2.71% | -22.03% |
| Wk 09 | Mar 31 2018 | $259.6B | -53.80% | -7.22% | -36.79% |
| Wk 10 | Apr 07 2018 | $260.8B | -53.80% | -5.80% | -28.73% |
| Wk 11 | Apr 14 2018 | $324.3B | -42.29% | +2.52% | -8.39% |
| Wk 12 | Apr 21 2018 | $386.8B | -31.16% | +4.30% | -9.38% |
| Wk 13 | Apr 28 2018 | $440.3B | -21.65% | +4.45% | -1.04% |
| Wk 14 | May 05 2018 | $455.5B | -18.94% | +6.85% | -2.43% |
| Wk 15 | May 12 2018 | $389.0B | -30.76% | -1.98% | -20.50% |
| Wk 16 | May 19 2018 | $378.9B | -32.58% | -3.75% | -25.74% |
| Wk 17 | May 26 2018 | $325.8B | -42.01% | -11.53% | -41.69% |
| Wk 18 | Jun 02 2018 | $348.3B | -38.02% | -7.92% | -46.14% |
| Wk 19 | Jun 09 2018 | $325.1B | -42.14% | -10.04% | -51.67% |
As you can see, while the entire crypto market has fallen 4% this week, it is still down over 42% of its value in the past 133 days. The Wildcats are down over 51% (down over 5% from last week, with 100% exposure to coins) while the Bulldogs have lost about 3% from last week to -10.04% (with just about 70% exposure to Bitcoin). The Wildcats have 0% of their resources in USD so they have seen both larger growth and larger losses as the Bitcoin price rallies or falls. Meanwhile, the Bulldogs have been "buying dips". They now have about 30% of their resources in USD which keeps them in a position to buy more Bitcoin- looking for dips where the price falls below $7K or even $6K.
Statistics from www.coinmarketcap.com:
Jun 10 2018 00:02:00 UTC -07:00
$325,138,000,000 USD: Total Market Capitalization
$13,824,900,000 USD: 24-Hour Volume
38.56%: Bitcoin Dominance