Pantera’s Morehead Says Bitcoin ‘Is a Screaming Buy’

Pantera’s Morehead Says Bitcoin ‘Is a Screaming Buy’

© Bloomberg TV Markets and Finance

Pantera Capital > https://medium.com/@PanteraCapital/

  • The investment firm focused exclusively on blockchain tech & digital currency.

How big is the flow?

  • Cryptocurries trade about 5 times more per day in volume compare to their market cap.

What trade signals work in Crypto? (4:11)

  • Fundamental data
  • Price
  • The actually transaction volume
  • The fees being paid to the miner
  • How many users on the system
  • Sentiment data (Tweeter, Github Commits…)

There are 1,500 different projects out there, traded in 25 different languages.

We recently issued only our third buy recomendation in the last 7 years.

Bitcoin has come down below it 200 days moving average.

Bitcoin is a screaming buy right now.

How long do you think before we see the kind of prices we witnessed back in December (2017) Bitcoin at almost 20,000 USD, Ethereum at… call it 14,000 USD.

  • I think it’ll happen within the next 12 momths.
  • I think within 12 months we will have a new high.

 

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Bitcoin slumps

財經新聞 © Straits Times

  • Some love them. Some hate them. But many things that Cryptocurrency roller coaster ride is here to stay.
  • The price of bitcoin fell 11 percent on Wednesday to US$10,000. That almost half what it was worth earlier last month.
  • Investors continue to be (spoon) by fear (raised) earlier in the week about regulator(s) clamping down on the asset.
  • I think it needs to be putting into wider context of where it was even this time last year. It’s still well above the level(s) that we were a year ago.
  • And it did really go on accelerated on (spar). I think there is some concern about convertibility.
  • And maybe that prompting a little bit of profit taking. As some investors start to cash out and take a little bit of profit.
  • In December bitcoin came close to US$20,000. A rise of nearly two thousand percent of the year.
  • But this year, South Korea is clamping down hard on what it called the irrational investment (craze). It even considering banning trading Cryptocurrency altogether.
  • China authorit(ies) may also introduce a ban on centralized trading of virtue currency, as well as one on individuals and businesses that provide related services.
  • It’s electric currency holder wondering to get off the ride altogether, in the hope of a better one (rebuilt). Or hang on regardless and put up with a bit of motion sickness.

Bitcoin’s Tech To Prevent Foodborne Illness


 

Blockchain & Food Safety

(0:33) Taiwanese ecommerce platform Owlting, launched the world’s first blockchain based app for tracing food products.

區塊鏈 & 食品安全

(0:33) 台灣電子商務平台奧丁丁市集, 推出了全球首個, 使用區塊鏈技術的食品追踪應用程序。