In my earlier post I did not attempt to quantify the current value for DigitalX's current coin portfolio. What follows is an updated revenue projection with currently held coin values calculated:
As I stated earlier, currently held coins will drag on DigitalX if the current bear crypto market persists until March 31st. In an attempt to roughly quantify how much the currently held Coin values will drag on the DigitalX portfolio and possible profits I present the following:
Below is a table that lists the value of all known coins as of 2/28 and then calculates the difference based on spot values as of 3/19 (it is still 3/19 here in the United States. Note that in the interim from 2/28 until 3/19 CoinPoker (CHP) has gone live. Also for the purposes of this discussion the Shivom Ethereum (Approximately 640 Coins as discussed in my previous post) is not included in the table below. I will add its estimated value at the end of the post.
|
Column 1 |
Column 2 |
Column 3 |
Column 4 |
Column 5 |
Column 6 |
Column 7 |
Column 8 |
Column 9 |
Column 10 |
Column 11 |
Column 12 |
Column 13 |
| 1 |
Coin |
Bitcoin |
Bankera |
Powerleger |
Etherparty |
SingularityNet |
BitCar |
INS Ecosystem |
CoinPoker |
Bankorus |
Shivom |
Ethereum |
|
| 2 |
Symbol |
BTC |
BNK-ICO |
POWR |
FUEL |
AGI |
CAR-ICO |
INS |
CHP |
BKT-ICO |
OMX-ICO |
ETH |
|
| 3 |
Quantity 2/28 |
476 |
100,000,000 |
719,449 |
5,911,062 |
2,231,840 |
4,000,000 |
100,918 |
7,143,311 |
TBD |
TBD |
1766 |
|
| 4 |
2/28 Value |
$10,834 |
$.0256 |
$.59 |
$.13 |
$.34 |
- |
$2.23 |
Went Live 3/9 |
|
|
$878 |
TOTAL |
| 5 |
USD Balance |
$6,609,712 |
$2,560,000 |
$424,475 |
$768,438 |
$758,826 |
- |
$225,047 |
Went Live 3/9 |
|
|
$1,551,031 |
$12,443,456 |
| 6 |
3/19 Value |
$8500 |
$.0256 |
$.36 |
$.0622 |
$.18 |
- |
$1.19 |
$.0776 |
|
|
$550 |
TOTAL |
| 7 |
USD Balance |
$4,046,000 |
$2,560,000 |
$259,001 |
$768,438 |
$401,731 |
- |
$120,092 |
$554,320 |
|
|
$971,300 |
$9,680,882 |
| 8 |
USD Difference 2/28 to 3/19 |
($2,563,712) |
- |
($165,474) |
($367,668) |
($357,095) |
- |
($104,955) |
$554,320 |
|
|
($579,731) |
($2,762,574) |
From my previous post:
Total conservative cash revenue on coins liquidated = $5,257,000.00.USD
From the table above:
Known coin holdings value as of 2/28 = $12,443,456
Current coin holdings value as of 3/19 = $9,680,882
Difference = ($2,762,574) USD
Ethereum gains on the Shivom consulting gig: Approximately 640 Ethereum (see my earlier post) x $550 USD (todays spot value) = $352,000 USD. Conservatively, this is assumes DigitalX did not liquidate this Ethereum immediately, which they quite possible may have.
So summing up the possible coin and cash portfolio conservatively:
|
Column 1 |
Column 2 |
| 1 |
Estimated Cash Revenue |
$5,257,000.00 |
| 2 |
Estimated Shivom Ethereum Value [/LEFT] |
$352,000.00 |
| 3 |
2/28 to 3/19 Coin Portfolio Difference |
$(2,762,000.00) |
| 4 |
Estimated Coin and Cash Increase for 3rd Quarter |
$2,847,000.00 |
These revenues are estimated without
any Airpocket revenues, market maker revenues or consulting revenues included.
I believe IMHO this is a conservative estimate of DigitalX's possible Cash and Coin position. This estimated position could and will change before the end of the quarter as Bitcoin and the other Coins go up and down in value. Obviously further bear market activity would impact the position negatively just as a turn to more bullish general market conditions will impact the position for the positive. Also the actual value of all liquidated Coins at the time of sale will impact this revenue estimate. For the purposes of conservatism I have used the median value from December 31st to February 28th of the liquidated coins. The actual value could and most likely will be different.
IMHO DigitalX is on course to turn in a solid quarter in spite of current market conditions.
Please don't make any buy or sell decisions based on my amateur analysis. I do this for fun, not a living. Do your own Due Diligence if you are going to take a position.
As Fit50 always says, "Happy to HODL!"
(20min delay)