Microcaps

We just got back home from Bitcoin Amsterdam and I am seeing many of our microcaps continue to go up. ATOR I saw just hit $1 which is yet another all time high. We are absolutely killing it in this market where Bitcoin and the rest are dragging their feet. It’s nice to see these going up but I must say it was a bit of a struggle for me to enter the space of microcaps and to put them out there for the world to see. I knew that I would get a lot of heat in the beginning especially if for instance I posted a trade alert and it dumped shortly afterwards. Dumps are fine but when microcaps dump, they dump violently due to them lacking liquidity. Also people were worried about volume as well. Keep in mind that the WHOLE POINT of getting into microcaps is to get in before the rest of the space is even paying attention. So of course the volume is going to be low.

Microcaps take patience as well. You cannot just expect these coins to simply pump the second I announce that I bought. Sometimes they take months or even a year. This takes conviction. Take for instance 0x0. When I first bought, the market cap was incredibly low and then it pumped a bit and then absolutely puked. I held though because I had conviction. Now we are hitting all time highs today and 0x0 has now turned into a mid cap coin from a microcap and this is happening during a time where Bitcoin and the rest of the market is once again experiencing downward pressure.

What is next? Nothing goes up in a straight line. We are still in the accumulation phase in the broader market which means that we should expect more volatility to the downside. I for one will let everyone know when I take profits so you won’t need to guess. As you know I have already taken out my initial investments for many of our microcaps that went up more than 2x. Keep in mind that it never hurts to take profits especially if you are up multiple x’s. This is unusual in the investment world. Even some of the top hedge funds in the world annualized net returns of 30-50 percent over the past five years. We are already crushing these numbers and we are not even in the bull market yet.

Toby