There were more dips today across the board in the crypto marketplace. We switched most of our holdings that are not in other alt coins into Ethereum a bit ago. It has been much more stable than holding it in Bitcoin. This market is a long term play even though it has been growing very fast the last 6 months.
If you are new to the space, now are actually great buying times. If you bought high, it's hard to watch, but you just have to hang in there. We like trading theses small bounces to at least be growing our portfolios. We talked to a colleague of ours that bought into Bitcoin when it was below $100 and said that his holdings are down a full 6 figures, but he is not worried because he is holding for the real tipping point when things take off.
In other news, a token we have been watching called STK Token by STACK. The STK token (STK) allows customers to make payments on their cellphones in fiat currencies while funding the payments using cryptocurrencies. Using the STACK digital wallet with the STK token can be funded with Ethereum and eventually other cryptocurrencies. Their ICO was not open to US investors, but it just went live on a few exchanges. There are other cryptos attempting this and we think that this may be one of the top ones to pull it off.