BredoStrategy

As promised, every Thursday we recap the week in the Vault — Epoch #37 (260 days). BredoStrategy Vault: app.hyperliquid.xyz/vaults/0… The Vault launched on February 17, when BTC was at $67,960. —————————————————————- BTC since last week: -2.80% ($81,087 > $78,817) Vault profit since last week: -$1,030,857 —————————————————————- BTC since Vault launch: +15.98% ($67,960 > $78,817) Vault profit since launch: +$1,941,039 —————————————————————- Yes, the week’s result in numbers is terrible. But first of all, as I already wrote here (nitter.cf/DoCryptoBred/status/21…) and in the two posts below it, the “total profit” of the Vault is a very abstract thing: huge sums usually come in right at the pumps and periodically get withdrawn on the drawdowns, which heavily cuts the “average across the board”. In those posts you’ll find my personal numbers — even now, with BTC at $78K, my share of the Vault profit is down only ~26-28%. Once again, I suggest re-reading those posts to see that even in a volatile market, when it swings up and down for months, you don’t have to sit at zero or in the red — if you take profits in time, diversify, and rebalance your portfolio. Right now the market is in a state of extreme apathy. The way I see it, the fundamentals are getting better and better by the day, and prices will inevitably catch up. And despite such a “terrible result” for the past epoch, I can say I’m happy with how I managed the assets. As I wrote in previous posts, it’s exactly in moments like these that you can see the difference in who manages their “profits” and how. When “everyone is in profit” — one is +104%, another +168%, a third +314% — the first two usually don’t care and don’t really think about why it turned out that way. From February 19 to June 2 the Vault was in the red — that’s 104 days. Then it made ~$5M in profit. Now we’ve pulled back to +$2M and everyone is apathetic ) Take profits, rebalance your portfolio. Thank you all. We’re only just getting started!

And yes, I get it — ideally you'd want me to "do it for you": take partial profit at the top and add at the bottom, while you just hold the position. First: that only works cleanly in a closed system, where I always know the vault's dollar balance and control it. In our open setup it can't be done in a balanced way — anyone can deposit or withdraw at any moment, and every dollar that comes in immediately gets exposure to all positions. Add the human greed bug: on the way up people deposit a far bigger share of their cash than on the way down. The biggest deposits have always come at the very top of the pumps; on the drops there's nowhere near as much — and some people pull out hard. Second: I already do this. If I didn't add on the dips and take profit on the spikes, our positions wouldn't be beating the market — they'd just be "hanging longs". In reality the vault is still well ahead of those longs.

And it's important to really get this — in numbers, on your fingers, with examples. It's a perfect illustration of how you can buy the same "stocks" or "coins" as your friend, as Buffett, as anyone — and end up with a completely different result. It's never about "when you first bought Bitcoin". More and more people proudly tell you how early they got into BTC… and then something happened. What determines the result isn't even what you bought, but how you took profit and whether you added on the drawdowns. Even without adding on dips at all — just taking partial profit with a crude "ladder" on the way up — the outcome of $100 in each of the top-100 coins from the previous post would have been dramatically different. That's why I've been saying it since day one: diversify, rebalance, don't get greedy. Over a long enough horizon, it works.

#Vault — an important one BTC is up ~10% since the vault launched on Feb 17. For some depositors the vault is "slightly up", for those who deposited at the top it's down. I took profit on every spike and added on every drawdown. Everyone's result is different — most people did nothing with their deposit, and that's a strategy too. I get that managing a position is harder and more stressful than doing nothing. But as I showed in BredoStrategySubs recently, "just hold for years, never take profit" isn't that great a strategy even in hindsight: $100 into each of the top-100 coins on Christmas 2017 would be worth ~$20K today (2x in 8.9 years, ~8%/yr) — only 9 of 100 coins are in profit, 78 lost 90%+, 26 are dead, and four coins (BNB, LINK, BTC, ETH) made 85% of the result. Entering at the top and diversifying didn't save anyone. So here's the point. My time-weighted average capital in the vault over these 259 days is ~$160K (every deposit and withdrawal weighted by how many days it sat inside). All-time PNL on the position: $486.9K — roughly +300% on average invested capital. The vault as a whole did ~+124% on depositors' average capital ($1.6M) over the same period — and that's after a losing last month. The gap between 124% and 300% is "take profit on the way up, add on the way down": my largest exposure was in June, right before the main run, and since September my principal is fully out — only profit is working in the vault. Most people did nothing. That's a strategy too — just with the vault's result, not mine. A reminder: every deposit and every profit-taking I post in real time, to the minute, in t.me/DoCryptoBred under #Vault. And there's no magic in my timing — there are depositors in the vault who do this better than I do. BredoStrategy Vault: app.hyperliquid.xyz/vaults/0…

As promised, every Thursday we recap the week in the Vault — Epoch #36 (253 days). I posted the recap on Telegram on time but forgot to post it here — my apologies ) Here’s the original Telegram post: [t.me/DoCryptoBred/2917] BredoStrategy Vault: app.hyperliquid.xyz/vaults/0… The Vault launched on February 17, when BTC was at $67,960. —————————————————————- BTC since last week: -0.33% ($81,353 > $81,087) Vault profit since last week: -$14,322 —————————————————————- BTC since Vault launch: +19.32% ($67,960 > $81,087) Vault profit since launch: +$2,971,896 —————————————————————- Well, just as I wrote last week — at some point we’d go 2 or even 3 times down or up in a row... and that’s exactly what happened this week, but Hyperliquid pulled it all out at the last moment. Volatility creates opportunities. There’s a lot to say about Hyperliquid, LINK, AAVE — I’ll get to it someday ) Thank you all. We’re only just getting started!

As promised, every Thursday we recap the week in the Vault — Epoch #35 (246 days). BredoStrategy Vault: app.hyperliquid.xyz/vaults/0… The Vault launched on February 17, when BTC was at $67,960. —————————————————————- BTC since last week: -1.13% ($82,282 > $81,353) Vault profit since last week: -$548,207 —————————————————————- BTC since Vault launch: +19.71% ($67,960 > $81,353) Vault profit since launch: +$2,986,218 —————————————————————- Just yesterday everything looked so beautiful ) But seriously — nothing new once again, volatile out there. The last 2-3 weeks the market has been swinging insanely hard uuuup-dooown-uuuup-dooown. I already wrote in these posts t.me/DoCryptoBred/2816 and t.me/DoCryptoBred/2811 what to do to “not suffer too much”... at some point we’ll obviously go 2 or even 3 times in a row dooown or uuup. Long term I’m betting on “uuup”, but short term we could also take a trip down — that’s the squiggle we’re in. Thank you all. We’re only just getting started!

As promised, every Thursday we recap the week in the Vault — Epoch #34 (239 days). BredoStrategy Vault: app.hyperliquid.xyz/vaults/0… The Vault launched on February 17, when BTC was at $67,960. —————————————————————- BTC since last week: +1.59% ($80,998 > $82,282) Vault profit since last week: +$155,176 —————————————————————- BTC since Vault launch: +21.07% ($67,960 > $82,282) Vault profit since launch: +$3,534,425 —————————————————————- What can I say... volatile out there. Thank you all. We’re only just getting started!

As promised, every Thursday we recap the week in the Vault — Epoch #33 (232 days). BredoStrategy Vault: app.hyperliquid.xyz/vaults/0… The Vault launched on February 17, when BTC was at $67,960. —————————————————————- BTC since last week: -3.84% ($84,235 > $80,998) Vault profit since last week: -$1,143,462 —————————————————————- BTC since Vault launch: +19.18% ($67,960 > $80,998) Vault profit since launch: +$3,379,249 —————————————————————- We just had the two most profitable epochs in a row — and here comes the most negative one ) Volatile out there, and there's probably more to come... nothing new: diversify, rebalance, plan your portfolio percentages in advance. Volatility like today's shouldn't stir up any particular emotions. Thank you all. We're only just getting started!

As promised, every Thursday we recap the week in the Vault — Epoch #32 (225 days). BredoStrategy Vault: app.hyperliquid.xyz/vaults/0… The Vault launched on February 17, when BTC was at $67,960. —————————————————————- BTC since last week: +0.23% ($84,038 > $84,235) Vault profit since last week: +$941,507 —————————————————————- BTC since Vault launch: +23.95% ($67,960 > $84,235) Vault profit since launch: +$4,522,711 —————————————————————- BTC is +0.23% for the week, while the Vault is +20-25% — sounds pretty good... Take profits, diversify, don't get greedy. At any moment the market can move 20-35% in a single day, up or down, and you have to be ready for it. Thank you all. We're only just getting started! #Hyperliquid #BredoStrategy #Vault #BTC #Bitcoin #DeFi #Crypto #CryptoTrading