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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ENDED][SHP] Sharpe Capital - Sentiment & Financial Protocol.
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on: October 12, 2018, 08:30:45 PM
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ICYMI: 
Click to read the article!
An excerpt: "Much of this capital reduction is attributable not to sub-optimal investment decisions, but rather to the looming liquidity crisis that is sure to drive cryptocurrency markets into further decline as it dawns on the key players. Namely, much of the perceived value held in cryptocurrencies simply does not exist. The order-books for the majority of assets are so thin that a mere 0.2% of circulating supply can wipe 10% off of the asset’s market cap. The future looks bleak for funds that have large positions in relatively low market cap assets, to gain a true understanding of their AUM, you can reduce the quoted value by 25% or more. To make matters worse, although we have seen significant growth in BTC/USD recently, this has not translated, as it has in the past, to a concordant growth in the ‘alt’ market. Once the market at large realises that the value they see in their Blockfolio does not remotely resemble the value that can be achieved by liquidation, we expect further and significant declines." If you have any questions about Sharpe, feel free to visit the Official Telegram Group! |
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