Abstract: We followed up over 200 cryptocurrencies once among the top 50 capitalizations since 2013 and dropped out. Over 80% of them appreciated over the US dollars afterwards. A third of them beat Bitcoin, and only 10% outperformed Ethereum. Statistics suggests a gloomy future if one invests in ICOs in Bitcoin or Ethereum without astute vision or blind luck. However, small cap premium prevails once again and dominates the crypto growth if one invests in the crypto market as a whole.
2 Historical top 50 cap cryptos on the dollar standard
3 Top 50 cap threshold on the…
Abstract: Historical drawdown statistics in magnitude, length and frequency shed light on trading decisions and portfolio risk management, particularly so in the emerging markets. We present in this article the historical drawdown magnitudes and frequencies of top 50 cap cryptos since mid 2013, design a stability score based on these metrics and give their rankings accordingly.
2 Historical drawdown statistics
3 Stability scoring
Blade grasp, also know as Shirahadori, is a legendary defense technique to catch falling blades with bare hands, at least in cartoons. The real life technique of this name, however, does not involve blocking a sword but rather preventing the opponent from drawing his sword. More importantly, we would like to point out that your feet are much more trustworthy against any armed opponents than your bare hands in almost all scenarios. In case it is really too late to run, a wiser move is to dodge, rush in and seize your opponent’s sword or hand while he stops at the end of swing or draws back, instead of catching the flat of a blade at 40 mph. …
Emerging markets can be volatile. The price movement in BTC on March 12, 2020 recorded a historical 42% down in a single day, the largest in the last five years. We witnessed several huge deposits into, out of and among major exchanges including Binance, OKEx, BitMex, as well as huge USDT transfers. Some transfers came from early BTC miners from 2011–2012.
The market was clearly oversold at its daily low around 02:24 UTC, March 13. In the meantime BitMex ran into trade delays, which it later announced to be a brief cloud server downtime during 02:16–02:40 UTC, March 13. Their system resumed functioning after 03:00 UTC. …
Abstract: Volatility is one of the most commonly used indicators in quantitative research and portfolio construction. It offers insight on how stable the underlying is, how much risk is involved and how to combine the portfolio for optimal return on unit risk. We present in this article the annual volatility of top 50 cap cryptos as of February 2018, and analyzed the impact on investment decisions from rational investors.
2 Defining daily and annual volatility
3 Volatilities on top 50 cap cryptos and implications
An emerging market usually features high volatility. It is not uncommon that large price movements up to ten or hundred folds are observed in the crypto market, for it is still an infant and highly immature with ambiguous future in most people’s eyes. The public has not reached consensus for the prospects of consensus based and cryptography backed universal equivalents. …
Abstract: Factor analysis has been dominating the stock market in explanation of risk premium induced excess returns. We analyzed basic price-volume based factors including capitalization, price, liquidity, momentum, volatility and beta on cryptos among top 50 caps historically, constructed multiple factor portfolios and confirmed their explanatory power for excess returns in the crypto domain. The long components of these portfolios outperform Bitcoin consistently with reasonable information ratios.
2 Crypto factors
3 Tradability and the long-only construction
3.1 Challenges in shorting and…
Abstract: Quantitative signal research has been one of the most challenging missions in finance, for mistakes are easily made and rewards are scarce. The Pareto principle and Matthew effect of accumulated advantage applies well in the asset management industry as any other fields, if not more so. What are the common myths researchers encounter? How do experienced portfolio managers tackle these problems? We present typical myths in trading signal explorations, discuss why they come into being and point out potential solutions for those interested.
3 Forward looking bias
4 Selection bias
5 Executability of consolidated…
We are thrilled to announce that our first round of ICO will commence on March 1st, 2020. The token sales will be conducted at our dedicated ICO website, cryptocommonwealth.co.
Since our main token COMM has been listed on IMOEX, we designed a decentralized and novel crypto derivative to assist our token sale, improve market liquidity and reduce investors’ risks. The new product is called CBND, pronounced “C Bond”.
CBND is the world’s first Convertible Crypto Bond. It shares certain features in common with Convertible Bond in the traditional market, but with significant simplifications. The token sale is essentially on the crypto underlying, COMM, with three different lock periods: CBND6 for six months, CBND3 for three months, and CBND for one month. When these locks are over, 1:1 and one-way redemption would be offered to convert each CBND to COMM, the main token. This will be done via either smart contracts or trading pairs in prestigious exchanges, to be announced soon. For each CBND (including CBND3 and CBND6) issued, the same amount of COMM is locked until the day of redemption, preventing any potential inflation on the COMM supply. Upon redemption, any and all CBNDs would be burnt immediately by the COMM team. …
The success of the COMM token relies heavily on the contributions from our community, particularly high-quality articles or analysis from distinguished authors and researchers. Contributors would find COMM an essential right to participate in our subscription, circulation and investment ecosystem.
That’s why we are launching this program, where you would be rewarded with COMMs for your write-ups. Crypto Commonwealth Publisher is calling for all blockchain writers to share your original insights with us via article submissions!
Articles in the blockchain domain including but not limited to crypto overviews, insights, token mechanism / algorithm, macro visions, blockchain techniques, in-depth and distinguished research on the blockchain, IoT, big data, token mechanism / algorithm, macro visions, blockchain techniques, follow-up analysis on hot topics, interview / presentations of industry leaders, etc. …
1. What is an IPO?
2. What is an ICO?
3. IPO and ICO differences
a) Project requirements
b) Investor Requirements
c) Utility (investor profit)
Investment is a serious activity, especially into early stage ventures that often desires a high tolerance of risks and shrewd judgment over projects in lack of public information. Both IPOs and ICOs are such investments, and are primarily suitable for astute, aggressive venturers. ICO, a democratic analogue of IPO in the cryptocurrency market, is getting attentions from more and more tech startups who prefer to raise funds via blockchain vehicles. Recently, a wave of ICOs have swept the world — many startups elected to tokenize their businesses, attracting tens of millions of dollars. People buy tokens in the hope of making a profit in the future, thereby providing the companies with seed capital for development. …
Article about COMM for Public Release
We are seeking more publicity in new press releases for the next month, and would like to invite all authors to write about the #COMM ecosystem in a short article with 400–600 words, English only. Please submit your article with your social media links here. Professional writers or columnists are welcome too. Potential topics include:
* General information about the project and ICO / IEO
* Description of the services and scope of the project
* Engineering features of the project
* Market review
* Competitors and competitive advantages of the project