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Future Gains! Bitcoin Has Bottomed Out, Says Pantera Capital in a Bold Call

Future gains! Bitcoin has bottomed out, says pantera capital in a bold call

Future Gains! Bitcoin Has Bottomed Out, Says Pantera Capital in a Bold Call

Future gains! Bitcoin has bottomed out, says pantera capital in a bold call
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Now’s the time to get long bitcoin, a leading cryptocurrency hedge fund says. Not only is bitcoin out of the doldrums, but it’s onward and upward from here.

This according to Pantera Capital Management, a cryptocurrency hedge fund with $800 million-plus in assets under management, in a letter to investors cited on Bloomberg.

“For those who are new to Pantera who might think a fund manager like Pantera would always be saying ‘Today’s a great day to get long. I rarely have such strong conviction on timing. A wall of institutional money will drive the markets much higher,” according to Pantera’s Dan Morehead and Joey Krug in the note.

Just look at their track record. Pantera, which first gained exposure to bitcoin in 2014, has only made a trio of buy calls and a single recommendation in the past seven years, as per their note. So they’re not reckless about making these calls in the least. The latest call of a bottom comes on the heels of bitcoin breaching its pivotal 200-day moving average, which reflects the long-term trend.

Future gains! Bitcoin has bottomed out, says pantera capital in a bold call
Courtesy: bloomberg

A rising tide lifts all boats, and the other cryptocurrencies are trading in the green as well. The news couldn’t come too soon after the bitcoin price had been slipping and sliding since a month ago. If Pantera’s right, the storm clouds have cleared and the sun is about to shine on bitcoin investors.

Every bitcoin investor has been wondering what the bottom is during this bear market of 2018, and Pantera said the floor was $6,500. Now that it’s crossed the psychologically important 200-day moving average, and while every day may not be an up day, expect trading above that level for most of the coming year. Not only that, but it’s only a matter of time before bitcoin beats last year’s record price of nearly $20,000.

Worst is Over

Nobody is happier to hear that the worst is over for bitcoin than Pantera, which through year-end 2017 had generated returns of some 25,000% since the fund’s inception. But Pantera like many funds invested in cryptocurrencies has struggled with the bear market, especially in March.

The value of its Digital Asset Fund was nearly halved last month when it lost 45.7% of its value. It was the volatility in the bitcoin price that rocked the fund, “which was the worst in [their] model’s 27-month history,” as per Pantera’s Krug cited in last month’s investor letter.

Krug is no doubt breathing a sigh of relief as all of the crypto community can do now that this technically important level has been achieved.

Featured image from Shutterstock.

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Published at Thu, 12 Apr 2018 20:26:52 +0000

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Selecting the Best Accessories for Your Cell Phone

Communication is essential in today’s busy world. Everywhere you turn, people are talking, texting blogging and surfing the Internet on their cell phones. With increased use, functionality and popularity, cell phone accessories were created to make toting around your portable device and staying connected 24/7 easier than ever before.

The Types of Cell Phone Accessories

When people hear the phrase, cell phone accessories, they often think of cases, covers and aesthetic additions to the cell phone. Cell phone accessories are not limited to aesthetics. There are many choices in the accessory market that prove more functional than beautiful.

For the MP3 compatible phone, there are accessories to listen to the music through your car speakers, portable speakers and charging devices that are essential due to the battery spent while listening to music. This is just one example of cell phone accessories that are more functional, common categories include batteries, Bluetooth, cases, clips, car chargers, home chargers, USB cables, car kits, mounts, wireless kits, downloads, applications and more.

How to Choose the Best Accessories

The first step in choosing the best cell phone accessories is understanding the model number of your phone. There are phone names and then there are model numbers. The Motorola Razr, for instance, is a phone name. Under that name there are many different models. The V3i offers integrated iTunes and will require an additional battery or portable charger on a regular basis. Other Razr models will not fit the same accessories as the V3i, or other Razr model numbers.

Once you know the name and model number of your cell phone, many manufacturers and online retailers will list the available accessories. Just because an accessory is available for one cell phone does not mean it will be available for every cell phone. This means researching the accessories available for a cell phone before choosing the phone may be a money saving option in the long run.

Another huge factor in choosing the accessories for your cell phone is your daily life. If you use your cell phone in the car, a car mount will increase safety. If you use your phone only occasionally, a Bluetooth earpiece may not be something you will benefit from. The idea is to ask yourself these questions:

  • What do I do with my cell phone every day?
  • Do my activities require additional battery life?
  • Am I using my cell phone to its full capacity?
  • Is the accessory cost going to be recouped in ease of use?
  • Will I use the accessory every day?

Cell phones are available all over the world; keeping people connected to each other 24 hours a day, seven days a week. This constant connection and the huge increases in network speeds and connectivity between the Internet and the cell phone point toward the accessory market. The more your phone can do the more accessories available to make that cell phone and your use of the cell phone, all the easier and more productive.

The post Selecting the Best Accessories for Your Cell Phone appeared first on Mokey International.

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