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Futurе Gаіnѕ! Bitcoin Hаѕ Bоttоmеd Out, Says Pantera Cаріtаl in a Bоld Call

Now’s the tіmе to get lоng bitcoin, ѕауѕ a big hеdgе fund for сrурtосurrеnсу. Bitcoin іѕ nоt juѕt out оf danger, but gоеѕ further frоm hеrе.

 

Thіѕ ассоrdіng to Pаntеrа Cаріtаl Mаnаgеmеnt, a cryptocurrency hedge fund wіth $800 mіllіоn-рluѕ іn аѕѕеtѕ undеr mаnаgеmеnt, in a lеttеr tо investors cited on Blооmbеrg.

 

“For thоѕе whо аrе new tо Pаntеrа who might think a fund mаnаgеr like Pаntеrа wоuld аlwауѕ bе ѕауіng ‘Tоdау’ѕ a great day tо gеt lоng. I rаrеlу hаvе such ѕtrоng соnvісtіоn оn tіmіng. A wаll of іnѕtіtutіоnаl money wіll drive thе mаrkеtѕ much hіghеr,” ассоrdіng to Pаntеrа’ѕ Dаn Mоrеhеаd аnd Jоеу Krug іn thе nоtе.

 

Juѕt lооk at уоur story. Pantera, which wаѕ first еxроѕеd tо bіtсоіn in 2014, hаѕ only mаdе thrее рurсhаѕеѕ аnd оnе recommendation for thе past ѕеvеn уеаrѕ, ассоrdіng tо estimates. Sо, they аrе not rеluсtаnt tо tаlk less аbоut these conversations. Thе last fund call соmеѕ after the bitcoin hаѕ еxсееdеd thе 200-day mоvіng аvеrаgе, reflecting thе lоng-tеrm trend.

 

 

Courtesy: Blооmbеrg

Thе rising tіdе raises аll ѕhірѕ, аnd оthеr cryptocurrencies аrе аlѕо exchanged іn grееn. Thе nеwѕ соuldn’t соmе tоо soon аftеr thе bitcoin рrісе had bееn slipping and sliding since a mоnth аgо. If Pаntеrа’ѕ right, the ѕtоrm clouds hаvе сlеаrеd аnd the ѕun іѕ аbоut to ѕhіnе on bitcoin іnvеѕtоrѕ.

 

Every bіtсоіn іnvеѕtоr hаѕ bееn wоndеrіng whаt the bottom іѕ durіng thіѕ bеаr market оf 2018, and Pantera ѕаіd thе flооr wаѕ $6,500. Nоw that іt’ѕ сrоѕѕеd the psychologically іmроrtаnt 200-dау mоvіng аvеrаgе, аnd whіlе every dау may not be аn uр dау, еxресt trаdіng above thаt lеvеl for mоѕt of thе coming year. Nоt оnlу thаt, but іt’ѕ оnlу a mаttеr оf time bеfоrе bitcoin bеаtѕ lаѕt year’s rесоrd рrісе of nеаrlу $20,000.

 

Worst іѕ Over

Nobody іѕ happier to hear thаt thе wоrѕt іѕ оvеr for bіtсоіn than Pаntеrа, which through уеаr-еnd 2017 hаd gеnеrаtеd returns оf some 25,000% since thе fund’ѕ inception. But Pаntеrа like many fundѕ іnvеѕtеd in cryptocurrencies hаѕ ѕtrugglеd wіth the bear mаrkеt, еѕресіаllу in Mаrсh.

 

Thе value of іtѕ Dіgіtаl Asset Fund was nеаrlу halved last month when іt lost 45.7% оf іtѕ value. It wаѕ the volatility іn thе bіtсоіn рrісе that rocked the fund, “whісh wаѕ thе worst in [thеіr] model’s 27-month history,” as реr Pаntеrа’ѕ Krug cited in lаѕt mоnth’ѕ investor lеttеr.

 

Krug іѕ nо dоubt brеаthіng a ѕіgh оf rеlіеf as аll of thе crypto соmmunіtу can do nоw thаt thіѕ tесhnісаllу іmроrtаnt lеvеl hаѕ bееn achieved.

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Bitcoin News

Is Bitcoin’s Price Headed To $100 Or $100k: Economists & CEOs Have Their Say

‘Where is Bitcoin’s price headed to?’ is the question everyone seems to ask nowadays.

After coming close to $20,000 in December 2017 and starting 2018 in a relatively good fashion, February was hard for Bitcoin and most of the cryptocurrencies – sinking the largest cryptocurrency to less than $7,000 and the entire crypto market cap from $800 billion to less than $250 billion.

Currently, there are many predictions and scenarios. Below, we are analyzing and discussing the most popular ones – in order to estimate all the directions of Bitcoin’s price in the medium to long-term.

Scenario #1: Investors’ money will increase Bitcoin’s price

The first scenario was discussed by the CEO of an American Express-backed startup named Abra. In an interview with Business Insider, he predicted that big investors will drive the Bitcoin’s price to new gains in the long term.

Jan Brzezek, a CEO & co-founder at Crypto Finance AG (a regulated crypto fund) also had his say on the situation. He said:

“It was clearly a hype and FOMO [fear of missing out] was everywhere. But not from rational institutional investors, but retail investors chasing the quick money. There is no free lunch, so this correction was obvious for me. I even expected it earlier. Those investors burnt their fingers and are now too afraid to go back to this exciting new asset class and the expected institutional money has not flown in yet.”

On top of all this, the potential regulation of Bitcoin that is already happening in countries like Malta and Switzerland is likely going to make the price go up and up in the medium to long-term.

Scenario #2: A decade from now Bitcoin is more likely to be worth $100 than $100,000

Kenneth Rogoff, who is a Harvard economist, recently predicted that Bitcoin’s volatility is what makes the cryptocurrency potentially dangerous. On top of that, he pointed to the potential money laundering and tax evasion issues which according to him, may point the price of Bitcoin to $100 rather than $100,000 in a decade from now.

Rogoff also noted that the regulation is a big factor in his prediction – however – he clarified that only a global regulation could be effective in this case.

Scenario #3: Bitcoin’s price will follow a downward trend after the CME futures launch in December 2017

A lot of analysts believe that the sinking of Bitcoin is due to the CME futures launch that happened in December 2017. A popular cryptocurrency blogger wrote an article in which he predicted the Bitcoin’s price downward trend based on the assumption that gold and silver prices have been suppressed for the last seven years – similar to a lot of other commodities.

While bulls are certain that Bitcoin is rising in the long term, Harvard and Wall Street analysts are skeptical. In the end, the uncertainty is what makes everything more interesting – and unpredictable for Bitcoin, the largest cryptocurrency nowadays.

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‘What If I Invested $100 In Bitcoin In 2013?’

Admit it, you have asked yourself ‘what if I invested $100 in Bitcoin in 2013?’

Whether you got your answer or not, the truth is that taking a chance on Bitcoin early on would give you the best gains. And while 2013 is 5 years ago, it was still a time when Bitcoin was popular and when many people knew about it.

Plus, it goes without saying that putting a $100 bill aside in a digital currency won’t make (most of the people) poorer or richer. So, what would have happened if you have done that in 2013?

According to CoinMarketCap (the official cryptocurrency market cap website), the value of Bitcoins was volatile in 2013. That said, the price per Bitcoin (BTC) wasn’t the same all year round. For example, in May 2013, one Bitcoin had a price of $113, while in November it had a price of $230 and in December – a price of around $700.

(Answering ‘what if I invested $100 in Bitcoin in 2013?’)

  • So, if you invested $100 in Bitcoin in May 2013, you would have nearly $8,000 right now.
  • Similarly, if you invested $100 in Bitcoin in November, you would have around $4,000 right now.
  • Lastly, if you invested $100 in Bitcoin in late December, you would have close to $2,000 right now.

As you can see, investing in Bitcoin (BTC) early is important – and was the case for many years. However, it is worth noting that Bitcoin got up to $20,000 in December 2017 – to later on sink to $6,000 in February 2018.

Therefore, the general rule for buying Bitcoin is…

Only buy Bitcoin if you are ready to lose that money and can live with that fact. This is what the ‘investor mindset’ is all about and how you can afford to lose – or win big gains.

So, instead of asking yourself ‘what if I invested in Bitcoin in 2013?’, think about the following…

Are you ready to invest in Bitcoin now?

Let us know in the comments!

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Bitcoin News

Bitcoin Bingo 2018: The Best Places To Play & Reviews

Nowadays, bingo is one of the most underrated online casino games. At the same time, it is one of the most fun games to play. Bitcoin bingo has everything – meeting the growth of cryptocurrencies and blending it in with great gameplay, big jackpots, and great social aspect.

In times when online bingo is valued at more than $1 billion, it is time for Bitcoin to enter the game. So, what are the best places where you can play Bitcoin bingo?

We are reviewing them below.

Ignition Casino

First on our list is Ignition Casino, one of the biggest casino brands around here. The website accepts bitcoins and has made itself very popular in the industry – sitting among the most professional Bitcoin gambling sites at the moment. There are many popular bingo games including European bingo (90 balls) American bingo (35, 45 or 55 balls) and the speedy 30-ball bingo game.

FortuneJack

Next on the list is FortuneJack – a website which likes to call itself the largest bitcoin betting site. There are a lot of bonuses which can be worth as much as 1,777 in mBTC – but also 100% deposit bonuses worth up to 500 mBTC.

Bitbingo

Bitbingo is a great Bitcoin bingo website because of its focus on bingo games played exclusively with Bitcoin. There are lots of games in different types – and on occasion, the prices can rise as high as 3 mBTC per card. New players can get 200% on their first deposit and pocket 25% of their losses back.

mBit Casino

Last but not the least is mBit Casino – a Bitcoin bingo website which is among the leading Bitcoin casinos online. With over 900 bitcoin games, keno and lottery, there are Bingo Bonanza, Electro Bingo, Mayan Bingo, Pharaoh Bingo, Samba Bingo and lots of other games. There is a 110% deposit bonus up to a total of 1BTC at this website.

And the best part?

All of these sites make playing bingo with Bitcoins very easy – in the same way like you would use bitcoins at any other gambling site and casino.

Now, it’s time to play Bitcoin bingo – don’t you think?

 

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Bitcoin News

Bitcoin Climbs Back To $8,250 While Ethereum And ERC20 Outperform

The past few days were great for alternative cryptocurrencies (altcoins) and Ethereum, which have all outperformed Bitcoin. The valuation of the crypto market is right now at $348 billion and is moving closer to the $400 billion region.

While many would think that the extreme volatility and uncertainty will cause the altcoins to sink, the investors seem to turn out to the cryptocurrencies with the deepest liquidity and stability. The two major corrections in January and February (that sent the crypto market from $816 billion to $240 billion) are now history – and investors heavily lean towards Bitcoin as the safe haven asset.

Altcoins are in the spotlight over the past few weeks, recording strong gains against Bitcoin and moving differently from the leading cryptocurrency. This week, the ERC20 tokens such as Tron (TRX) and ICON (ICX) all performed well against Bitcoin and Ethereum. The increasing value of these tokens and the rising demand from investors in the global market for minor cryptocurrencies like these – show that investors started seeing their value and have become more confident in the market.

Bitcoin, on the other hand, is once again back to $8,250. Over the past 24 hours, the price has recorded a 3% increase and seems to be surging more than it is sinking (when viewed through a 3-week period).

Saxo Bank is one of the best examples for the investor behavior nowadays. The Danish investment bank that focuses on online trading has stated that it expects the inflow of institutional capital into the crypto market to lead to more surges in the price of the vast majority of cryptocurrencies. Their 2018 2nd quarter report reads:

“If there is a significant pullback in the equity markets, there will be an inflow of money into uncorrelated assets, or assets that lie outside the reach of the traditional financial system in which cryptocurrencies are a potential alternative. The inflow of institutional capital to the cryptocurrency market due to the increase in regulation and investor protection could lead cryptocurrencies to a positive quarter,”

As noted by Saxo Bank, the increase in demand for Bitcoin from institutional investors and retail traders is something that needs to be noted – and something that may set Bitcoin apart from the competition in the future.

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