David Drake / Bitcoin news board


Bitcoinist spoke to David Drake, Chairman of LDJ Capital, a $200 million dollar cryptocurrency fund, about the current price downtrend, what determines ICO quality, and the potential impact of regulations in key countries across the globe. 

David Drake is the Chairman of LDJ Capital, who has also been involved in TMT (technology, media, telecoms), realty, hospitality, clean tech, energy, and social impact investments for more than 20 years.

Drake is an advocate of innovative investing in early-stage equity, capital formation policies and developments globally, and the US JOBS Act which he lobbied for in the US Congress and the EU Commission.

Because of his leading work in this space, he represented the US Commerce Department at the EU Commission in Brussels and Rome in 2012 and was invited to the White House Champions of Change ceremony in Washington, D.C. and as a speaker at the UK Parliament in 2013.

Bitcoinist: What is LDJ Capital? How much capital do you currently manage? 

David Drake (DD): LDJ Cayman Fund Ltd is a $200M cryptocurrency fund across the whole Capital stack.

I am also a board advisor for several Initial Token Offerings. Top 15 ICOs I advise raised $500,000,000 in the last 6 months.  Fortunately, I have 25 employees managing daily interactions with the 20 ICOs I help.

I certainly feel like a Lucky Golden Token.

LDJ Capital is a financially integrated family office with a global footprint and local presence in 12 countries. We raise interest from our family office resources and from our LDJ Capital team members, who include the likes of a former chairman of Nasdaq and CEO of Intel Capital. We are taking on a few more ICOs on a road trip in the next few months. 

Bitcoinist: Is your fund involved in cryptocurrency trading? 

DD: Yes, we’re involved in investing in crypto trading, as well as long-term investments but I’d say 80% of our trading you buy and hold as we are long-term players and looking in on the line of strong fundamentals.

After having underwritten and worked with 250 different funds we have finally learned how to understand and underwrite the best of the best. I made it 12 xx on quantstamp making millions.

Bitcoinist: What is your experience with Bitcoin/cryptocurrencies? 

DD: My job is best performed as a global strategist and board advisor. In parallel 150 family offices, crypto traders and hedge funds globally rely on my opinion. Thus, I need your ICO quality to be institutional-grade. 

Bitcoinist: What determines whether an ICO is “institutional-grade”?
DD: Equity capacity, revenue, existing business history, leadership, composition, regulatory framework, brand recognition.
Bitcoinist: What are your thoughts on crypto in 2018 so far? Typical January price correction across the board or something more serious? 

DD: I think we will have Regulators stirring up the marketplace several times a week for the next two months until the SEC comes out with a direction and institutions are starting to invest.

At that point, prices will go off and I think that’s going to happen around March and April.

Bitcoinist: What kind of impact will Facebook no longer allowing crypto ads have on the industry? Is this a good thing (e.g. no more BitConnect ads) or will it have a negative impact? 

DD: I think the industrial address will slow down the growth and the hype of the business, and that’s a good thing.

Could China Learn to Love Crypto Again?

Bitcoinist: How about China banning ICO’s and clamping down on its mining industry? Is this the end of China being a dominant player in crypto? 

DD: The Chinese moved their business to Japan, Korea, Hong Kong and Shanghai. Chinese exporters are getting paid in foreign fiat so they’re still very big exporters of capitals as they export their product. 

This is not the end of their play in the industry but they’re certainly not going to be a top three player at the end 2018.

Bitcoinist: Regulations are also looming in major crypto markets like South Korea and India, for example. What kind of regulatory approach should nations follow? The hardline Chinese or the accommodating Japanese model, for example?

DD: Absolutely Japanese, and that’s exactly what they will be doing by guiding, how to deal with cryptocurrencies and initial coin offerings.

Bitcoinist: Bitcoin price has dropped over 50% since December, but most altcoins have dropped even more. Is diversifying in altcoins pointless? Should traders simply sit out in fiat during these types of downtrends?  

DD: Traders certainly are cashing out and they’re sitting and waiting for the correction; and, we see this happening every 2 to 3 weeks constantly.

They are making money on our fear.

Bitcoinist: Besides Bitcoin, what cryptocurrencies would you recommend to your clients? 

DD: The contenders against Ether such as EOS and Stellar. They are upcoming contenders for the top three spots and I am very eager to see how quickly they will grow and today its half-price Friday.

Cryptocurrency fund Trading Without the Complexities with Symmetry Fund

Bitcoinist: Where do you see the crypto industry in 2-5 years? Is crypto here to stay? Will traditional traders keep flocking to crypto? 

DD: It’s here to stay and it’s a permanent force that’s going to be a 10 trillion dollar market.

Bitcoinist: So what can investors do in the meantime? 

DD: It’s half-price, so go shopping.

Source: https://bitcoinist.com/interview-david-drake-ldj-capital-fund/


How are cryptocurrency markets and Stock markets Different

We have heard a lot about the Cryptocurrency market which is in the trend, and we keep a-wondering how it is different from the normal money market. Everyone wants to invest in some form or the other, earlier before the virtual world introduced the concept of cryptocurrencies, people were head over heels for equity and shares. Now, the investors have more exposure and ideas where they can put their money.

Both the cryptocurrency market and stock market run on the simple ideal of the demand and supply theorem. The prices are determined by demand and how much people are willing to pay for the share of any company. In the case of equity markets, you actually get hold of a share and know how much the total market capitalization is but this is different from the crypto market. In the crypto market, a person invests in the technology or the currency in the manner they want to see it, but they never really get to be a part of the ownership of the company. The stock market allows a person to trade securities, but the cryptocurrency market is much wider and includes both currencies and assets.

The cryptocurrency market is much much younger than the ideal stock market. In the crypto market, new competitors can enter very easily which brings down the life mortality of the old currencies. The old currencies die much faster than the old businesses die in the stock market. There are higher risks of security in the cryptocurrency market because everything is virtual here. Nobody really knows what is happening behind the screens and how everything is being dealt. Yes, it may seem easy but is it really that secure? Hacking and phishing is one of the main threats and the loss of data goes side by side along with it.

Now to speak in numbers and data, equity markets globally continue to outperform the cryptocurrency market. Hang Seng Index, one of the top equity market set up in Hong Kong is advancing 2.8%. In the case of equity, Ethereum (ETH) is 1.4% higher than what it was in the previous week. Overall, the whole cryptocurrency market remains with lower vitality and therefore, its price is less predictable.


EPOS –fool proof and profit making cryptocurrency blokchain

Everyone has been trading in the crypto market in the past few years, and since this has become a trend, everyone looks forward to not just trade and earn in this market but to make profits as well. But it is not always possible to make profits in an investment as there is not surety of the returns. But at EPOS, the brains behind this was such that the team has been working in the field of cryptocurrencies and blockchain technologies since the very beginning. It launched a project in July 2016 called the EPOSoftware which is a special high frequency trading program that allows almost every person on the network to make a profit in the crypto market.

Every investments includes huge risks, but at EPOS, the chances to make profit are definitely higher. It is convinced of the powerful influence from the blockchain and cryptocurrency technology and are already benefitting from it. But one may wonder how it is different from other trading blockchains. One thing that stands out at EPOS is that it has high sustainability. It takes care of long term investments, so if the crypto market drops, It has the potential to support the entire investment and increase it through discounts.

The EPOSoftware does the main effort of trading for us. The blockchain technology will increase the revenue automatically on the coin exchange floors and due to innovative new methods, EPOS can provide remarkable results. The software not only gathers the information from an exchange’s ledger, but also combines it all in order to make the most accurate predictions for future price fluctuations. This innovative method can bring the profit to reach about 48% per month in 2018 and aims to increase by 2019.

Here are EPOS, you can earn from lending your tokens to others on the same platform. Lending is a method for passive investing. You can receive daily returns from the administration with the maximum interest rate at 47%. The token name is EPOS-Token represented by the abbreviation EPOS. A total of 20,000,000 EPOS tokens are available but only 12,400,000 EPOS tokens are for the Initial Coin Offerings (ICO). The pre-sale of the tokens will be from the 18th February, 2018 to the 19th February, 2018, with a maximum of 1.2 Million EPOS-Token for sale at $0.04 each. Now, the distribution of the tokens and the clients is to be done fairly. So, 6% for Pre-sale, 10% for Marketing, 12% for Development, 5% is Reserved, 11% for Bounty and the remaining 56% for the Final Sale.