The February 2019 Review
February was #Buidl month at SwissBorg. While we travelled less and attended fewer gatherings, we focused all our energy on the upcoming launch of our Community App in March. Our head of communication Alex Fazel is busy in London producing the first episodes of his 4k vlog series, networking and preparing for the launch of our first app. Our data analyst Bastien Muster wrote an insightful article on the problem with using traditional valuation models for evaluating digital assets. Bastien has also prepared a monthly bitcoin analysis which will be published here every month for the benefit of enthusiasts and community members.
Our website incorporating our new brand identity went live this month and was received with enthusiasm. The SwissBorg website will house our tech and legal blogs plus a new educational series and help centre that aims to raise awareness among those new to the crypto and blockchain space. Our founders, Cyrus Fazel and Anthony Lesoismier are reviving our Youtube channel with a series of vlogs aimed at promoting our app and our vision of the future of finance.
In the coming weeks, we are launching our Community app, visit our website and subscribe to get notified!
New Utility and The Investment App: CHSB Token Valuation
By Bastien Muster
One of the most, or arguably, THE most damaging criticism coming from the off-chain world is related to the actual valuation of crypto assets. Reputable names such as Warren Buffet, Robert Shiller, and Charles Munger have used harsh words, like “rat poison squared”, to proclaim that crypto assets have zero value.
Surprisingly enough, the companies with the highest market capitalisation, such as the FAANG stocks (Facebook, Amazon, Apple, Netflix, and Alphabet), also did not initially fit the past and present valuation models once they emerged but are now generating massive profits.
For the general public and off-chain investors, below are the most common models or tools to value a company and/or its stock price, Dividend Discount Model, Discounted Cash flow model, P/E ratio.
The above valuation models don’t really apply to most blockchain companies due to the fact that their underlying tokens are not linked to profits or offer dividends. This application of old models to crypto companies is the primary cause of concern and the reason behind the harshest criticism from traditional investors who tend to insist that crypto assets have zero intrinsic value. Read more here.
MONTHLY BITCOIN ANALYSIS (MBA)
February 2019
Disclaimer: The information on the Bitcoin Analysis is not targeted at the general public of any particular country. It is not intended to be distributed or used by residents of any country where such distribution or use would contravene any local law or regulatory requirement.
Any analysis, opinion, commentary or research-based material on our Bitcoin Analysis is for information and educational purposes only and is not, in any circumstances, intended to be an offer, recommendation or solicitation to buy or sell. You should always seek independent advice as to your suitability to speculate in any related markets and your ability to assume the associated risks if you are at all unsure. No representation or warranty is made, express or implied, that the materials on our Bitcoin Analysis are complete or accurate. We are not under any obligation to update any such material.
As such, we (and/or our associated companies) will not be responsible or liable for any loss or damage incurred by you or any third party arising out of, or in connection with, any use of the information on our Analysis (other than with regards to any duty or liability that we are unable to limit or exclude by law or under the applicable regulatory system) and any such liability is hereby expressly disclaimed.
Copyright © 2019 SwissBorg, All rights reserved.
Bitcoin Technical Analysis
- After trading sideways for two weeks between $3,350 and $3,450 with low volumes, Bitcoin tested the $3,300 support level.
- If this level did not hold, there was a significant risk that the price would drop to the previous low of $3,150.
- On February 8th, the SEC commissioner declared that the highly anticipated Bitcoin ETF will be “eventually” approved. This announcement triggered a bullish movement that quickly pushed the price above $3,600.
- After a period of consolidation, the market, driven by Ethereum, had a bullish momentum that had not been seen for several months. We must go back to July 2018 to see an RSI (14) as overbought as it was in mid-February.
- The price reached the resistance level of $4,150 where it reversed quickly to the $3,800 area.
What we could expect for the future?
If the price is consolidating at the current level, it is likely that the 4,150$ will be tested again in the mid-term and the probability of triggering a bullish trend will increase if this level breaks. On the contrary, if the level does not hold, it is possible to see a relatively fast fall to $3,500.
Glossary
Moving Average (MA): Trend-following indicator derived from the simple average of the prices on a given time period (for example 20 days).
RSI: The RSI (Relative Strength Index) measures the magnitude and the velocity of price movements. It is deduced from the ratio between positive and negative price changes in a given period of time. This momentum oscillator, measured on a scale from 0 to 100, indicates if the asset is overbought or oversold (usually, an RSI > 70% will indicate an overbought period while an RSI < 30% will indicate an oversold period).
Support/Resistance: Levels where the prices will tend to stop and could probably reverse its trend. A support level will likely tend to stop the prices dropping while resistance is a level where the selling pressure is higher and will likely stop the price rising. Once a support or resistance level are reached, the price will bounce back or breakthrough the level and continue his actual trend.
Cryptonite Vlog Series & London update: Alex Fazel Reports
Our 6 Golden promises to the community
1. All shows will avoid over-marketing, FOMO’ing, Shilling tokens and releasing other types of toxic content that hurt the sustainability of the community.
2. All shows will be backed up by research, data, and facts to minimise having an excess of biased opinions and views.
3. All shows will prioritise experts over marketers. There are waves of masterminds out there with more hands-on experience and a deeper understanding than many of the marketers of today.
4. All shows will have a certain level of bias as we are pro-blockchain but will also include conflicting views and facts.
5. All shows will use the community both offline and online to select experts, themes and topics to build a channel with the community for the community.
6. All shows will focus on 90% value added and only 10% of promotional content. For instance, if the show lasts 10 minutes, there shouldn’t be more than roughly 60 seconds of marketing or pitching and promoting a company.
PS: None of our shows will be perfect, and although many mistakes will be made, we promise to learn, reiterate and evolve continually based on the community’s feedback.
PPS: In case of a need for sponsorship, promotional content or any alterations in the future, we will keep the communication channels open with the community at all times.
“If you want to go fast, go alone if you want to go far, go together” (African, proverb)
The only way we can really back-up this claim of “WITH the community FOR the community” is for our community to answer the survey below so we can already start building this channel together. All data will also be shared with some key influencers in the blockchain/ crypto space so the more participants, the more the influence, the more influencers will support us to accelerate our online presence. As a result, our v.0 and transition to v.1 will reach a vast audience and ensure a successful launch along with an increase in demand for CHSB tokens.
Please fill out our quick survey here.
My second week in London I was invited to speak on a high profile panel with Naeem Aslam from Forbes and at the London Blockchain Week. The panel allowed me to be featured on the three media outlets as the SwissBorg message resonated with the journalists and reporters present during the 5-day conference.
Naeem Aslam, Columnist at Forbes, Lisa Short co-founder of Mind Shifting and Veronica Mihai founder of Bloomwater Capital, Michelle Chivunga Nsanzumuco of Surrey Business School
Alex was interviewed by Erhan Korhaliller, Founder & CEO of EAK Digital. Watch it below:
SwissBorg Team and Philosophy Video
Our founder, Cyrus Fazel, has revived our Youtube channel to use videos to promote our vision and philosophy before, during and after the launch of our upcoming Community App and the SwissBorg App. Watch our “Behind the screen, at SwissBorg” meet our team and listen to them explain our project and our philosophy.
SwissBorg Educational Series: What Are DAOs?
The DAO or “decentralised autonomous organisations” are organisations that are both decentralised and autonomous of any central authority. Initially, the DAO was initiated by a group of pioneers that wanted to combine cryptography, technology, and an aligned community. The original aim of the DAO was to remove the middleman from transactions and to create decentralisation in the financial system. Read more here.
Upcoming Events
Our head of communication @alex_fazel is speaking at the #ISC2019 along with @JensLundNielsen, @SusanneChishti and @chainyoda about Emerging Technologies & non-Blockchain Distributed Ledgers. Book your place: https://lnkd.in/ggVAh7R
New Hires
On the hiring front, we continue to bring in passionate new blood to strengthen our ongoing efforts to grow and expand. In February we welcomed Dennis van der Bij, our new Software Engineer Intern.
Born and raised in Geneva, Switzerland, Dennis received a bachelor in Computer Science at EPFL before completing a Masters in International Finance at the Business School Lausanne, BSL. A huge fan of the Tour de France, in his spare time he enjoys cycling.
SwissBorg is Hiring! We are looking for Scala Engineers and more! We are a path-breaking, diverse and incredibly open-minded team. Find out if one of our many promising positions around the globe is meant for you: https://jobs.lever.co/swissborg
