Rumors and signs of the GameStop partnership with $LRC being officially announced are building.
Stay strong, hold.
Imperial Eagle Capital@Cracklord
Assets Copying Strategy
No. of copiers
I know folks. No updates lately. That’s because my opinion on this hasn’t changed. We’ll continue to hold $LRC, at least until end of year. I don’t think it’s a bad plan. I think we’ll outperform the market if we do. I’m certain of this strategy. I’m holding roughly 50% of the funds in this strategy so it hurts me to see the red too. But I believe in $LRC and the NFT market they’re creating and their major partnership that is likely with GameStop which should be announced this quarter.
The whole market is entering a low part of the cycle, where generally everything loses value, often alts are hit harder than BTC and there might be a bit more pain to go yet. I’m confident however that holding through this pain is a solid strategy. The announcement for $LRC partnership could come any day and cause a spike. I don’t want to miss out. The $LRC subreddit is one of the biggest crypto subreddits out there now and it’s still growing every day. There is mounting interest in the token. It is also being talked about daily on the front page of the main crypto subreddit. So it is continuing to spread and isn’t being ignored. The counter factual wallet will also be released soon and lead to far more adoption as the massive barrier to entry gas fee is not necessarily needed anymore.
The $ETH ecosystem needs an L2 solution and Vitalik talks well about LRC relatively often. There is no doubt in my mind it is going to become a major player in the crypto space.
I’m sticking to the hold here.
Keep calm folks. A correction in the upward momentum of $LRC was expected. Growth like that can’t go uncorrected. We still have a lot of potential here to grow. The hype is only growing and we haven’t even heard the big reveal of their major NFT partnership yet.
Once the WallStreetBets apes see that GME is partnering with Loopring, they’ll pile into it too.
In light of the new success of the strategy I’ve decided to bring the performance fee down to 1%. Let’s not take too much of a fee from these glorious gains from our copiers.
We just broke €100k assets copying strategy (ACS) thanks to our big bet on $LRC. Of course, the vast majority of the holdings in this strategy are mine (70%). I believe it's important to put your money where your mouth is. If you make money, I'm making money. If you lose money, I'm suffering the loss too.
I’m balancing 100% into $LRC to
take advantage of this small dip. I don’t think the hype is anywhere near finished and we’ve a lot to grow. I’m going to hold this position for quite a while. At least until the GameStop and Loopring partnership is officially confirmed which will happen before the end of the year.
Soon we should also see the ability to create a Loopring L2 wallet for free (currently costs $100). This should also start to
open up the system.