You often hear in the stock market that "Cash is King."
Of course, in the world of Crypto and DeFi, it could be said that "Tether is King".
There's a lot of big players in other asset classes, that as part of their mandate, can't sit in cash. The majority of investors, particularly in this space, do have that option. So why not use it?
You’re going to see a lot of the crypto community advise against cash. “Market sell-offs are an opportunity to buy more at lower levels”, they say. “You’re not disciplined or smart enough to get back in”, they preach. "Just HODL and diamond hands, bro".
It’s all based on this meme that the market always goes up. I guess if you trust data based on the tiny sample sizes that we have in this young asset class, you’ll believe anything.
But ultimately, the point of the matter is that there's no real directional bias right now.
Article Sales Message
All Star Charts Crypto Members Receive
- Our professional research delivered to your inbox
- High conviction trade ideas to make money
- Full coverage of entry and exit signals across the crypto landscape, including major coins, altcoins, and other tokens
- Video conferences every week
- Alerts to cryptocurrencies before they become mainstream
- Custom indices, correlation, trend strength and relationship analysis
- Access to Rangefinder – our proprietary app for tracking trade ideas in real time (annual members only)
You need to have a subscription to access this content in full.
Log in or
subscribe