1/ From a dataset of 4,003 executed and planned ICOs,
which raised a total of $12 billion in capital, nearly all since January 2017.
Average returns were 179% from the ICO price to the first day’s opening market price, over a holding period that averages just 16 days.
2/ Even after imputing returns of -100% to ICOs that don’t list their tokens within 60 days and adjusting for the returns of the asset class, the representative ICO investor earns 82%.
HODLING generated average buy-and hold additional returns of 48% in the first 30 trading days
1/ The more I read about what @billbarhydt and the @AbraGlobal team are doing, the more I'm impressed by their ingenuity. I regret I haven't looked into their project sooner.
Here are the basics: 1. non-custodial and #d14n exchange 2. multi-sig 3. smart contracts
2/ Decentralized Exchange:
Abra is a non-custodial decentralized exchange. That means they don't own your private keys or hold your coins. When you log into the app, they give you seedkeys which you MUST write down. This is the first half of the 2-2 multisig.
Abra is the 2nd partner. When you deposit LTC and trade for a coin, you sign your 1/2 of the tx to Abra. Your LTC is now locked. When you cash out, they sign their half of the tx and send back to you your gains/losses. Abra covers the spread. abra.com/blog/crypto-fi…
For any of my cryptos, it does look like we have a bearish pennant that i drew last night and it blew threw 50% fib, next test, 61%? Also 2 symmetrical triangles that I numbered, with repeating patterns 🤔 what could that mean.. #ltc#litecoin#btc#bitcoin#RoadTo4k
lowkey y’all should listen to me.. i’m no genius BUT i’m pretty damn smart when it comes to this shit.. #btc#bitcoin#ltc#litecoin
another nightly update on the situation i talked about before. We are going to keep going down to the .61 fib mark, around 7.8k! people should listen to me 🤷🏻♂️ #ltc#litecoin#btc#bitcoin