The May Review

Cyborg @SwissBorg
May 29, 2019 · 10 min read
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May was a busy month of networking and content creation at SwissBorg. While our team of engineers is working hard on our upcoming Wealth app, we continue spreading the news of our Community app that acts as an educational and fun pre-launch product.

Our data analysis team, headed by Bastien Muster produced the Community app monthly report giving us a glimpse of the makeup and habits of our community of game players spread across the globe. Tom Suter, the newest addition to our data team, wrote an article explaining how to use the Cyborg Predictor one of the main features on our app. Our top two mobile team engineers attended Switzerland App Builders conference that we helped sponsor to get exposure and boost the broader community.

Cyrus Fazel, our founder, continued his Cyrus Chronicles on youtube and held a live AMA (ask me anything) where he answered in detail all the questions posed by our community. We are in the process of implementing a DAO system to improve our use of the input & feedback of our devoted Community Committee members. Our CBDO, Chris Diserens, has put together a support team and is busy developing the help centre, which acts as our online knowledge centre, in anticipation of the Wealth app launch.

Alex Fazel, our head of communications, launched his eagerly awaited Cryptonites Youtube Series Premiere with the famed Glen Goodman, who shared his trading wisdom. The series aims to take a non-biased and in-depth look at the crypto and blockchain market that is community-centric and allows the community to help curate the show. Our head of communication also penned an article on the who’s who of crypto space and why there is such a gulf between those who support and those who fail to believe in this market.

Jayne Kim, our Korea PR & Business Development Manager, took our Asia team on a road trip to Korea where our head of Asia, Ken Yagami gave a long two-hour interview to a Korean Youtuber with a massive following. The promise of further growth & collaboration in Korea gives us hope for a sustainable future in Asia.

In Switzerland, we continued with our meetup outreach. We held meetups and talks at the EHL in Lausanne, in Zurich; and have one coming up next week in Lausanne.

Download The SwissBorg Community app, if you haven’t already and predict, learn and earn Bitcoin!

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Engineering Update

By Nicolas Rémond

We are more than 20 people in the engineering team now. To increase the speed of hiring, we are switching to a distributed team model.

The Community app

Will soon roll out a change with reduced sign-up friction — the phone number won’t be asked upfront.

The Wealth app

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Stages:

  1. Specs: Including negotiation with the 3rd parties, tech docs, design etc…
  2. Integration: Tech integration
  3. Test: Functional and Tech Tests (Beta Users and Quality Check)
  4. Prod: Ready and deployed

Christopher Benz & Ferdinando Messina at AppBuilders Switzerland

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The SwissBorg mobile team attended AppBuilders Switzerland, one of the biggest European mobile technologies conferences. For two days, we had the opportunity to learn about the latest technologies, get inspired and meet people from all over the world to grow our network in the mobile community. SwissBorg was one of the sponsors of the conference, and in this way, we had the possibility to contribute in making this conference possible, as well as, contribute to the mobile community besides letting people know the cool products we are building.

Community App Report

By Bastien Muster

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More than 14’000 players have already joined our Community App Bitcoin Forecast Competition, and there are more exciting times ahead! After a month and a half, we are pleased to announce that the first players are entering the Community app Hall-of-Fame, having won all of the other badges. More than 75% of you have already earned at least one badge.

In addition to sharing key statistics and providing a zoom on the performance of specific types of players, we will give you, every month, an update on your chances of receiving rewards. We pay special attention to ensure that new players are rewarded if they are good forecasters.

Every month, you will also find an interview with one of our players along with a useful tip to help you improve your forecasts. Read more here.

Monthly Bitcoin Analysis (29.05.2019)

By Bastien Muster

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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.

After this parabolic surge and gains on Bitcoin of more than 100% since the beginning of the year, we can expect a correction at some point. The level to watch is $9’000, the current resistance. If the price can easily cross this level, the bullish momentum will probably continue to rise to $10’000. At the moment, positive news such as the validation of the anticipated bitcoin ETFs and the growing interest of retail investors (the FOMO (Fear Of Missing Out) effect) could skyrocket the price.

Otherwise, if the momentum weakens, we can expect profits to be taken and a correction to bring the price below $8'000. A period of stabilisation will come at a time when it will be very likely to see the altcoins recover compared to bitcoin. The awaited “altcoin seasons”.

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  • After a period of consolidation at the end of April, the price of bitcoin literally exploded. May was a parabolic month.
  • Most technical analysts predicted a high resistance between $6’000 and $6’500 that could be unbreakable with a high probability that this resistance would cause a significant correction.
  • However, against all expectations, these levels were broken extremely quickly with a buying pressure similar to that observed at the end of 2017.
  • Despite the binance hack (7000 BTC stolen) and the postponement of the SEC’s decision on bitcoin ETFs, nothing stopped the bullish momentum. After a healthy two-week consolidation around $8’000, the price exploded again to test the $9’000 level.
  • In terms of technical indicators, the RSI has never been so high (weekly) since the end of 2017, the price is far from its average, and the momentum is extremely bullish. At the same time, google research related to Bitcoin is increasing sharply.
  • With this strong bullish momentum driven by a renewed positive sentiment, the entire market gained more than $100 billion in May (+60%). The bull market is back.

What could we expect for the future?

After this parabolic surge and gains on Bitcoin of more than 100% since the beginning of the year, we can expect a correction at some point. The level to watch is $9’000, the current resistance. If the price can easily cross this level, the bullish momentum will probably continue to rise to $10’000. At the moment, positive news such as the validation of the anticipated bitcoin ETFs and the growing interest of retailed investors (the FOMO (Fear Of Missing Out) effect) could skyrocket the price.

Otherwise, if the momentum weakens, we can expect profits to be taken and a correction to bring the price below $8'000. A period of stabilisation will come at a time when it will be very likely to see the altcoins recover compared to bitcoin. The awaited “altcoin seasons”.

Cyborg Predictor

By Tom Suter

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This article is the first of a series aiming to provide our community with insight into the work done by the SwissBorg Investment team. We will be introducing machine learning and swarm intelligence applied to the investment space of cryptocurrencies with the final goal of creating a new enhanced bitcoin Index. Predicting bitcoin trends is no easy task; you may wonder if it is not better to toss a coin. But instead of making you do that the Community app has, within the Daily Bitcoin Analysis available in the learn tab, two intrinsic indicators: the Community and the CyBorg Predictor. Read more here.

Cyrus Fazel AMA

Did you miss, our founder, Cyrus Fazel’s LIVE Youtube AMA (ask me anything)? Here’s a link to the recorded video. Watch to find out our latest news.

Cryptonites

Alex Fazel launched his eagerly awaited Cryptonites Youtube Series Premiere! The second episode will air on May 29th at 8 PM UK time. Watch our Head of Communications, interview famed Glen Goodman, aka The Shares Guy, about Crypto trading, market analysis & the future of Bitcoin:

Bitcoin’s “Superheroes” vs “Supervillains”

By Alex Fazel

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Here are the most famous names in the game so let’s have a look at WHO are these people, WHAT are their predictions and By WHEN. But more importantly, something that many sources have consistently neglected in the past… The WHY?!!! The WHY is the rationale behind each prediction that needs to be stressed for us either agree or disagree and help build our own opinion on the future of Bitcoin. Read more here.

South Korean Trip

By Jayne Kim

Our Korean PR and Business Development Manager, Jayne Kim, Amber Chook, our Asia PR manager, and Ken Yagami, our head of Asia, headed to Seoul to expand our reach there. Ken gave a colossal two-hour interview with Korean crypto Youtuber, Mumyeong Ssam. With a 10k following, Ssam’s Youtube channel educates crypto newbies & presents a daily bitcoin analysis. The famous Korean Youtuber started his channel to educate crypto newbies in January 2018 with a daily market analysis and an inspiring mission of raising financial literacy and protecting investors from scams. This was his first offline interview & there were 30 loyal followers on site to show us support! We look forward to partnering with him again in July for the SB Campus meetup in Seoul. Watch the interview, which has more than 4k views already:

Blockchain Unchained Events

Zurich

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Many thanks to all who attended our Zurich Blockchain Unchained meetup, especially to the speakers that lifted us with their wisdom, David Bundi @DavidBundiRisk and Guenther Dobrauz, from PwC legal Switzerland, & Bernhard Müller of @Bitmain and to Diego Berchtold for the excellent organisation.

Upcoming Bitcoin & Ethereum Beer Garden Talks

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Our upcoming meetup with speakers, Bastien Muster, Cyrus Fazel of SwissBorg and guest speakers, Mike Kalomeni of Elementus and Virginie Pache of Impact Together. Bastien Muster, our data analyst, will discuss the fluctuations of the Ethereum market. Mike Kalomeni will examine Ethereum use cases. Cyrus Fazel, our CEO, will answer the universal question: is Bitcoin here to stay? Virginie Pache will explore how to use technology to crowd-fund for education. The talks will be followed by a Beer Garden mix-and-mingle on our headquarter’s beautiful terrace in Lausanne. Get your tickets here.

Photo Contest

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Announcing the winner of our Photo Contest 📸: @Astegal1 wins for the above photo! Invite your friends to download our app for bonus referral points!

Community App Hall of Fame

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We are excited to announce that @Triple_____A and @cryptotipsfr are the first players to win the Hall of Fame on the Community App! You have to complete all the levels & receive five full badges to enter. Join in; maybe you’ll be next!

SwissBorg is Hiring

Fancy joining our dynamic team? Check our jobs page now to see the latest positions available: https://jobs.lever.co/swissborg

SwissBorg

A trusted and accessible wealth management ecosystem powered by blockchain technology.

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