Hey there, fellow crypto enthusiasts! This is Reinis Fischer, CEO, and Founder of TerraMatris crypto hedge fund, bringing you our latest weekly update as of November 16, 2023. In this YouTube screencast, I'll dive into the recent happenings in the crypto market and share insights into our trading strategies, goals, and exciting results.
TerraMatris is a private crypto investment hedge fund based in Georgia, and it operates from the bustling crypto hub of Tbilisi. While we are not publicly registered, we take pride in being a privately held fund.
Our approach at TerraMatris involves selling one-day-to-expire put options on prominent cryptocurrencies like Ethereum and Bitcoin. The premiums received from these options are reinvested back into the crypto market. Currently, our portfolio includes Bitcoin, Ethereum, Stellar (XLM), and the USDC stablecoin. We prioritize risk management, employing strategies like rolling forward positions for credit, hedging with futures, and considering stop losses when necessary.
Each week, we set specific goals and targets for our trading activities. Recently, we downsized our positions, anticipating a market downturn. Focusing on gaining $250 daily from trading options on crypto, we redirected our investments into Stellar (XLM) due to its promising outlook. We believe in the long-term potential of XLM, with high hopes of reaching previous highs.
The past week has been nothing short of brilliant for TerraMatris. As of November 16, 2023, we reached an all-time high of $187.8. The week-over-week growth stands at an impressive 15.08%, equivalent to $24.61 in dollar terms. For a fund that's just starting out, these results are truly remarkable.
The market exhibited swings and fluctuations, with Ethereum experiencing both pullbacks and upward movements. Our cautious approach reflects our anticipation of potential market shifts, especially considering the current consolidation phase. While confident in our strategies, we remain vigilant, particularly with an eye on the coming weeks and months.
For accredited investors interested in TerraMatris, our TerraM tokens are available on the decentralized finance platform, Raydium. Currently, there are 94 coins up for sale, and we plan to increase availability as our fund value reaches $200. Stay tuned for more exciting opportunities!
Swap USDC for TerraM on Raydium
Thanks for tuning in to this week's TerraMatris update. If you enjoyed the content, drop me a comment with your thoughts. I'm looking forward to crossing the $200 milestone soon. Until next time, happy investing, and may the crypto winds be ever in your favor!