Tether (USDT), is a stablecoin developed by Tether Limited that has become a significant player in the cryptocurrency field. It provides a stable transactional medium and introduces the concept of stablecoin, which is crucial in a highly volatile market. The project was launched in 2012 and gained prominence in 2015 via Bitfinex. Today, Tether offers several stablecoins, each pegged to different assets.
Maintaining Value and Stability
USDT, often referred to as the digital dollar, aims to maintain a value equivalent to $1.00 USD, asserting that a dollar backs each token in Tether Limited's reserves. The Transparency page of Tether provides insights into the USDT tokens in circulation versus its total reserves, asserting a 1-to-1 pegging with the corresponding fiat currency.
Risk Factors and Considerations
When investing in Tether, it's important to be aware of the potential risks involved. These may include the lack of independent audits, potential delays in redemption and withdrawal, regulatory scrutiny, and market volatility. There is also a possibility that USDT could become de-pegged from its underlying asset, the US dollar, which could impact its value and stability.
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Dear valued clients,
We would like to inform you that on November 28, 2023, we will be automatically executing a rebalancing of the Digital Asset Array (DAA) within the Crypto Assets DAA strategy.
The current active DAA structure will be as follows:
Looks like the market is more than happy that Binance finally settled with the DOJ.
The odds of getting a $BTC ETF approved soon improved substantially, I think.
I did expect more of a drop but we clearly didn't get it.
While Bitcoin is getting close to 38k again, $ETH is also showing strength.
While it will be interesting to see how $BTC behaves above 38k (if we get there), I think now could finally be $ETH's time to shine. It has been consolidating for quite some time and looks ready to break above 2100$.
Since I restructured into 44% $USDT, the market has not moved meaningfully higher.
$BTC is up 0.4% and $ETH 1.5% since the restructure. So the potential profit lost due to partially being in cash are minuscule and I do not regret doing so because the potential draw down would have been much higher.
Even though I do not like to chase strong moves, this is crypto and strong moves often continue in trending markets. I'd rather stomach a small dip, then be left sidelined.
The structure is still 24% $USDT to have dry powder ready should we get a dip. Else I will move it into $ETH once we get a confirmed breakout.
The only thing left now is praying that Bitcoin and Ethereum do not get rejected here and continue marching higher 🙏
As always, these are just my thoughts and should not be relied upon ore considered financial advice.
Thinking same as you) 38000 resistance is key to break) then next resistance range after is 45000-48000) a retest to see if 38000 hold as support will be a highly likekly scenario at one point.
Small bounce in the alts, so we take more profits as the alt-charts are weakening and we need a confirmed break of 38k for $BTC for this upleg to continue.
We know we go against the crowd with an 8% allocation to $USDT, but we are still participating in a bull continuation with 92% of our funds and we are invested in these coins that proved relative strength to $BTC and $ETH.
$BNB news seems to give the markets a serious slap in the face. Many alts are creating head and shoulders toppings signs. We take 5% to $USDT in order to protect gains and buy back lower.
We've set up a rule to buy back below 34k.
Dear valued clients,
We would like to inform you that on November 19, 2023, we will be automatically executing a rebalancing of the Digital Asset Array (DAA) within the Crypto Assets DAA strategy.
The current active DAA structure will be as follows:
$USDC
Our algo giving us abit mix signals as we are in a ranging market) what we really want to see is a daily close above 37000) but it looks like the BULLS are having a hard fight around the current resistance point.
A detail technical analysis is right around the corner.
Thank you Sir