Cover image

Limestone Investment Fund

@VincentPluijm

Assets Copying Strategy

N/A

No. of copiers

37

Strategy Performance
Show BTC comparison:
From
Jul 23, 2021
To
Jul 30, 2021
Returns
Return (24h)
N/A
Return (7D)
N/A
Return (1M)
N/A
Return (1Y)
N/A
All time
N/A
My Investment
Profit Taken
€0.00
0.00%
Profit/Loss
€0.00
0.00%
You Have:
€0.00
About this strategy

Our strategy focuses on picking future cornerstones of web3 and decentral finance to establish high capital growth.

Fees
Management Fee
Copy fee (Yearly)
2.00%
Entry Fee
Performance fee (Quarterly)
5.00%
Exit costExit cost (per transaction)0.50%
Structure changes
Last structure change
Jul 29, 2021, 11:37:25 AM
Number of structure change in last 30 days
3
Performance
1D
7D
1M
3M
6M
1Y
All
Return
+3.38%
+16.03%
+4.66%
-44.28%
+8.11%
+324.62%
+331.00%
Volatility
N/A
+4.48%
+4.69%
+8.29%
+6.97%
N/A
+5.71%
Max. Drawdown
N/A
-12.53%
-31.16%
-66.81%
-66.81%
-66.81%
-69.31%
News Feed
Limestone Investment Fund
Jan 10, 2021, 10:45:54 AM

At Limestone Investment Fund, we do not panic sell or -buy. We believe in the movement from a centralized era that is owned by large corporations and wealthy select-few individuals to a decentralized, fully autonomous era that allows anyone to contribute to and be a part of. Our mission is to deliver excellent long-term investment returns to our investors in the process.

Enjoy the ride.

Pluim

11 people like this
Limestone Investment Fund
Jul 29, 2021, 11:36:26 AM

The new infrastructure bill looks to raise $30b through crypto taxes. The draft language proposes to raise taxes from crypto investors by applying new information reporting requirements to exchanges and other parties.


A seperate summary of the bill further clarified that cryptocurrencies are treated as a subsection of the broader digital assets umbrella. More clarity and simplification is needed, but the outlining is evident. You can't tax something that is categorically banned, so 'banning' of crypto is off the table.


In our opinion, this is long-term very positive and in line with what we expected (see yesterdays post). As much as taxes suck, once the US government realizes that crypto can pay for things like COVID relieve and education, it's going to be way less tempting to squash it. It is a key-step forward with other governments most likely to follow (see EU). For DeFi to become mainstream and permanently stay, we need the regulations.


Signed,

Pluim



One person likes this
Limestone Investment Fund
Jul 28, 2021, 6:11:53 PM

Now more than ever, crypto is being examined under the loop by US regulators and business media outlets. Following this, In the past week, prominent centralized exchanges such as FTX and Binance reduced maximum leverage on trades, reduced weekly and monthly withdrawal and deposit sizes and added more extensive KYC requirements for current and new clients. Even Uniswap, a decentralized exchange, started not allowing assets on their exchange to be traded, for the first time since its inception.


Exchanges may or may not violated security laws, and tomorrow is the day we'll find out. Elizabeth Warren asked the SEC to come up with regulations for cryptocurrencies no later than July 28th. This could lead to crack-downs on- or a clear playbook for - centralized crypto entities. My guess would be the latter, as Warren already hinted some changes in the past weeks.


As always, we will keep a close eye on the news and markets to maximize the possibilities that arise from this.


Signed,

Pluim

3 people like this
Limestone Investment Fund
Jul 19, 2021, 4:36:46 PM

Despite what I imagine are the media's most insistent pleas and incredibly well thought out arguments, valuations, and regular updates regarding the short term price movements and technical aspects of the DeFi market, I must inform you that I will be making no amendments to our current investment strategy.


I must confess that I did not deign to read posts or any that followed trying to further surpress prices. Yet I still feel absolutely dreadful, knowing how the current market conditions must invoke a feeling of anxiety in you as investor. Market makers seem to thoughtlessly spurn genuine attempts at collecting all information to present to long-term investors in an attempt to make them sell, despite their own lack of investment or interest in DeFi (yet), but we believe in the fundamentals of our projects and stay invested in what we believe in.


I assure you that the financial pain we are feeling right now will pass, our fortunes will turn, and wish you all the best. I will keep an eye out on the markets to make sure we are invested in the most innovative protocols when this market turns around, maximizing our profits in the future.


Signed,


Pluim

2 people like this
Limestone Investment Fund
Jul 5, 2021, 5:56:49 PM

Today we remove $MANA as price action is very slow as well as 5% $LINK to allocate 10% of holdings into $AAVE. Aave is launching its “layered and tailored” DeFi made up of private pools and whitelisted markets later this month to cater to banks and financial institutions to get involved in automatic anonymous lending and staking. These private pools allow institutions to join the DeFi industry without breaking with local regulators about KYC requirements and the like. We expect big news to come from this with big potential upside.


Signed,


Pluim

3 people like this
Limestone Investment Fund
Jun 25, 2021, 1:14:41 PM

Banks, fintechs and web 2.0 tech firms can securely & efficiently interface with DeFi & all smart contracts, across all chains, by making their existing systems Chainlinked, providing one interface. All this can be established while utilizing current standards like SWIFT messages.


And this is not just hypothetically. Six of the biggest banks worldwide endorsed a new platform for international payments set for launch in November 2022 by SWIFT. Chainlink will enable the smart contracts on any blockchain to generate the standardized SWIFT ISO20022 payment messages.


Investing in Link is investing in the bridge between the old financial legacy systems and the new, decentral finance systems.


This is why we keep $LINK as 35% of our holdings and remain bullish. Just wait for this to be priced in.


Signed,


Pluim

4 people like this
Limestone Investment Fund
Jun 17, 2021, 2:28:41 PM

For those new to crypto, we are mid market cycle. We're at the part where China "bans" Bitcoin and crypto 3 times. This happened every cycle (2013, 2017 and 2021. In hindsight February was a false peak.  When the China-Elon earthquake hit, the markets fell again. We thought we saw this coming and took 20% of our risk. The market quickly fell 25%. We thought that was it. That's when we put back in our risk and the market fell another 30%.


It’s best to buy when the market is below trend.  Now is one of those times.  The market has been this “cheap” or cheaper relative to trend only 20.3% of the past eleven years (Market data, Pantera Capital).


Moreover, @BTC is still well below its ten-year compound annual growth trend.  It's nowhere in overpriced territory or a bubble, yet.  All these major firms and the Wall Street wealth platforms have now allowed their clients to buy Bitcoin.  Big corporations, many of whom are not called Tesla Motors or Elon Musk, are buying Bitcoin, looking at buy-in data.  Those trends are just starting in this is a multi-decade disruption.


We're well positioned.


Pluim

3 people like this
Limestone Investment Fund
Jun 6, 2021, 10:23:57 AM

It was another growth week for DeFI, as we saw the ecosystem's total value locked (TVL) rise to 60b euros from 55b euros just a week earlier.

Could it be the beginning of the ramp-up for DeFi summer? That remains to be seen, but the timing and recent developments are certainly lining up right. Gas prices (fees) on $ETH are cheaper than they have been in months, and the cheap use of DeFi applications were a catalyst for last year's surge in ecosystem growth. $UNI just deployed Uniswap v3 on the Arbitrum mainnet, while $SUSHI just integrated with $MATIC, meaning the biggest decentralized exchanges to date are finally going to live up to expectations and are ready for widespread use.


Let's see how this will play out.


Pluim



3 people like this
Limestone Investment Fund
Jun 2, 2021, 9:12:15 AM

$ETH is opening up to two Layer 2 spokes of its main chain. The main chain is so incredibly congested that users are dying to emigrate to the L2 solutions in order to send, save and spend their capital without having to pay the high network fees, eating into potential profits.


DeFi apps are rushing to claim their spot on these new layer 2 solutions. Once they're ready, they're going to open up to users. Users are going to come to save on fees, but DeFi apps are going to do their hardest to convince users from mainchain $ETH to come use their apps and not their competitors. Defi apps are going to issue token-rewards to incentivize migration and settling in their app, while marketing their protocol to the public.


It's going to be DeFi summer, except this time an order-of-magnitude larger than the summer of 2020 because we'll have Layer 2s making high network fees a thing of the past and usage will explode because of this. In our opinion, the L2 layers and apps succesfully build on top of them are going to be incredibly valuable over the long term. That's where we are allocating our capital for the summer.


Signed,


Pluim

6 people like this
Limestone Investment Fund
May 27, 2021, 10:55:52 AM

It appears that whatever scaling solutions end up mattering, it’s unlikely that there is a single monolithic instantiation of that scaling solution. The future of Ethereum scaling is going to be heterogeneous. We play this uncertainty by holding $LINK, powering the arbitrum solution and $MATIC, powering the Polygon solution, both looking promising to be dominant in this space.

Signed,

Pluim😎

8 people like this