Greetings, crypto enthusiasts! It's the 21st of December, 2023, and I'm Reinis Fischer, the proud CEO and founder of TerraMatris Crypto Hedge Fund. Today, I find myself reporting from the scorching temperatures of Goa, India – a far cry from my usual location in Tbilisi, Georgia. Despite the heat, it's time for our weekly rendezvous into the world of cryptocurrency.
For those unfamiliar, TerraMatris is a private crypto investment hedge fund, discreetly managed by yours truly, R. Fischer. Operating beyond the public eye, our fund is not registered under any jurisdiction, and this week, we're bringing you the updates from the vibrant shores of Goa, India.
Before delving into the specifics, a crucial disclaimer: investments in stocks, funds, bonds, or cryptos carry inherent risks, and one should conduct thorough due diligence before diving into any investment.
At TerraMatris, our trading strategy involves daily options premium trading on Ethereum and Bitcoin. Simultaneously, we reinvest premiums back into the crypto market, diversifying our portfolio across Bitcoin, Ethereum, Stellar Lumens and the USDC stable coin.
Week 18 brought new challenges, prompting us to employ various risk management strategies. From rolling forward for credit to potential use of Futures as a hedge, and the introduction of stop losses – we're adapting to the ever-changing crypto landscape.
Our weekly goals involved targeting $3.5 from daily options premium. We reinvested $0.5 into put options expiring in more than 45 days, primarily focused on Ethereum. The rationale? Building a safety net. This week, we initiated the purchase of protective put options with an expiration date of January 26, 2024.
The highlight of this week? Another milestone! On December 21, 2023, TerraMatris reached an all-time high, hitting $339.25. With a week-over-week growth exceeding 7%, or $24.33 in dollar terms, it was indeed a remarkable week. What's more, no trade adjustments were needed as all our trades expired worthless – a brilliant outcome.
Our focus on Bitcoin and Ethereum led us to analyze their market trends. Bitcoin floated around $43,000-$42,000 per coin, while Ethereum hovered between $2,000 and $2,250. Chart analysis suggests a consolidation phase, with key support and resistance levels around $39,000 for Bitcoin. To safeguard against potential downturns, we strategically acquired protective options.
For those intrigued by TeraMATC, participation is possible through the acquisition of TerraM tokens on the Radium Network. With 10,000 tokens mined on the Solana blockchain, these tokens can be swapped for USDC stable coins on the Radium liquidity pool, currently priced at an average of $1.08.
Swap USDC for TerraM on Raydium
In wrapping up this week's crypto journey, I extend my gratitude to our viewers. If you have questions or comments, feel free to connect with me on YouTube or LinkedIn. Until next week, happy investing, and thank you for joining the TeraMATC adventure!