Data shows Bitcoin is relatively ‘cheap’ at these prices, “best to buy” time for new investors

2021-6-18 08:00

Dan Morehead, the CEO of Pantera, believes that Bitcoin is “cheap” when compared to the price trend over the last 11 years according to their June investor report.

Bitcoin is under it’s 11-year trend

Bitcoin’s price has had varying deviations from the 11-year “exponential trend” over the past couple of years. In 2018, Bitcoin was trading over 200% above the trend while in 2020, it traded over 50% under the trend. Currently, BTC is trading at 36% under the trend, and the asset has only traded under the trend 20.3% of its history which seems to indicate that now is a good time to buy.

For new investors, it’s best to buy when the market is well below trend. Now is one of those times.#Bitcoin has only been this “cheap” relative to its trend 20.3% of the past 11 years.

More perspectives on market timing in our June investor letter: https://t.co/AOvhFyxBJh pic.twitter.com/2bsxbw5Iay

— Dan Morehead (@dan_pantera) June 16, 2021

The June investor report also comments on China and YoY growth

According to the report, investors should not be overly concerned with China banning crypto. China also “banned crypto” during the 2013 and 2017 “mid-market cycles” and it has not had a long-term effect on Bitcoin’s value. Morehead also pointed out that China banning companies has not been a good reason to sell for investors.

Investors who sell on China “bans” usually end up bummed… pic.twitter.com/OKlBe9yU9q

— Dan Morehead (@dan_pantera) May 26, 2021

Furthermore, the report points out that people tend to buy when the market is up and tend to sell when the market is down. This point is illustrated by the histogram which shows “the percentage of time that the price of bitcoin was in each price bucket.”

The buckets are “a logarithmic progression” and “each bucket is a 33% rally from the lower bucket.” The percent of time follows the trend with most of the time spent at or near the trend.

However, inflows are highest in the highest bucket and lowest in the smallest bucket. This indicates the phenomenon that investors buy when price growth is high and sell when the price growth is slow. This led Pantera to recommend that investors should “resist the urge to close down positions.”

Image: Pantera Capital.

Bitcoin is trading at 281% year-over-year but that is not as pronounced as previous peaks. The four-year-over-year return is also “at the lower end of its historical return”. These numbers along with the 11-year exponential trend lead Pantera leadership to say that the asset is not overvalued.

The post Data shows Bitcoin is relatively ‘cheap’ at these prices, “best to buy” time for new investors appeared first on CryptoSlate.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) íà Currencies.ru

$ 69614.79 (+0.63%)
Îáúåì 24H $38.966b
Èçìåíåèÿ 24h: 4.93 %, 7d: 10.63 %
Cåãîäíÿ L: $68995.48 - H: $69614.79
Êàïèòàëèçàöèÿ $1371.362b Rank 1
Öåíà â ÷àñ íîâîñòè $ 37926.26 (83.55%)

bitcoin cheap buy time new data investors

Èñòî÷íèê: cryptoslate.com

bitcoin cheap → Ðåçóëüòàòîâ: 126


Ôîòî:

Op Ed: Defining Decentralization: How Ambiguity Continues to Divide Crypto

There are many keywords in blockchain, but few spark as much emotion as “decentralization. ” For many of us, it was the dream of decentralization that inspired us to embark into the industry in the first place — the driving force encouraging us to explore the many industries and practice areas that could be positively impacted by this technology.

2019-3-1 19:43


Ôîòî:

Renewable Energy Keeps Bitcoin Miners Afloat

A recently-published report suggests that more than three-quarters of Bitcoin (BTC) mining activity relies on cheap renewable energy in order to remain financially viable. The report, issued by the cryptocurrency investment firm CoinShares, reprises the points which the company’s researchers made last May, and again in November: that a significant amount of mining activity is […] The post Renewable Energy Keeps Bitcoin Miners Afloat appeared first on Crypto Briefing.

2019-3-1 20:33


Ôîòî:

Scammers Could Overwrite Cryptocurrency Payments, but It Won’t Be Cheap

From a merchant’s point of view, cryptocurrency is a better payment option compared to a check. When accepting check payments, there is always the risk that the check might be unfunded and subsequently returned since the merchant can’t verify the customer’s checking account balance beforehand as the database is being run by the bank and […] Scammers Could Overwrite Cryptocurrency Payments, but It Won’t Be Cheap was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

2019-1-18 14:59


Ôîòî:

Thai Startup Atomicpay Launches Non-Custodial Crypto Payment Platform

Atomicpay, a Thai-registered payments startup, has officially launched its non-custodial cryptocurrency payment terminal for merchants throughout the world. Founder and developer Benz Rif said the platform, which supports BTC, BCH, LTC and other cryptos, eliminates the involvement of a third-party processor, allowing merchants to accept payments directly from their customers.

2019-1-13 04:20


Ôîòî:

Mongolia Will See At Least 1000 New Bitcoin Miners In 2019

Participants in Mongolia’s Bitcoin mining industry plan to significantly expand the scope of their operations, local media report January 11. Japan’s Ginco Doubles Down On Mongolia The East Asian country, known for its cheap electricity and being home to the world’s northernmost desert, will see one of its miners almost treble in size this year alone, despite the ongoing Bitcoin bear market.

2019-1-12 05:00


Litecoin [LTC] Continues Outperformance After Overtaking Bitcoin Cash [BCH]

Litecoin recently overtook Bitcoin Cash in the cryptocurrency market cap rankings. This is likely to be the driving factor in its recent outperformance over the past two days. With both Bitcoin Cash and Litecoin addressing a similar use case of cheap and fast peer-to-peer payments, Litecoin overtaking Bitcoin Cash represents a current advantage to Litecoin.

2018-12-17 17:54


Crypto winter is here: Believers snatching cheap BTC, XRP shivers at the mention of the word security, ETH is pestered by TRX and BCH and LTC are still bewildered to be alive

It gets dark earlier and it slowly gets colder. Crypto winter is here! What are the current prices of crypto currencies? The Bitcoin price is still declining Bitcoin: The dive continues. At the time of writing, the value of Bitcoin fluctuates around the $3400 mark.

2018-12-8 23:33


Bitcoin Price Analysis: BTC/USD Stable at $4,000, Paraguay Gives Green Light For the World’s Largest Crypto Mining Center

Latest Bitcoin News Coinciding with BTC market pull back is morale boosting news that the US state of Ohio will begin accepting tax payments in Bitcoin. Spearheading this drive is the State Treasurer, Josh Mandel, who term the move efficient, secure, transparent and cheap especially for merchants and businesses that in days to come will […] The post Bitcoin Price Analysis: BTC/USD Stable at $4,000, Paraguay Gives Green Light For the World’s Largest Crypto Mining Center appeared first on Ethereum World News.

2018-11-26 17:10


BitValve ICO

In BitValve, we will create the most advanced P2P Exchange platform, direct competitor of Localbitcoins and Paxful, with key advantages that will change the way people trade Peer to Peer, by combining all the advantages of the current exchanges and addressing the disadvantages that keep the market from reaching its full potential.

2018-11-26 14:22


Ôîòî:

Who SODL? Bitcoin Investors Are Buying Up Cheap Coins, Says eToro

Bitcoin prices crashing lower this week have failed to dent investor confidence, businesses reporting upticks in purchases while fiat rates are lower. A ‘Small Yet Clear Uptick’ The result of uncertainty over a contentious hard fork of altcoin Bitcoin Cash (BCH), Bitcoin has led cryptocurrency markets into a new period of volatility, with some major assets shedding 15 percent November 19 alone.

2018-11-20 02:00


äàëüøå åùå 77 íîâîñòåé →

Ïàðòíåðû Currencies.ru

Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru

4 Key Reasons Why The Bitcoin Bull Run Is Far From Over

In an analysis shared via X, renowned crypto analyst Ted (@tedtalksmacro) has provided compelling evidence to support his assertion that the current Bitcoin bull run is far from over. Ted’s insights are based on four critical indicators related to traditional finance and crypto liquidity, each pointing to sustained growth in the near future.

Bitcoin Not Out Of Danger Yet, NVT Golden Cross Warns

On-chain data shows the Bitcoin Network Value to Transactions (NVT) Golden Cross still has a high value, a sign that may be bearish for BTC. Bitcoin NVT Golden Cross Is Still Near Historical Top Zone In a CryptoQuant Quicktake post, an analyst discussed the recent trend in the NVT Golden Cross for BTC and its implications for the price.

Bitcoin Hash Ribbons Form Capitulation Signal: What It Means

On-chain data shows the Bitcoin Hash Ribbons have recently gone through a crossover. Here’s what it could mean for the cryptocurrency. Bitcoin Hash Ribbons Suggest Miner Capitulation Is On As explained by CryptoQuant community manager Maartunn in a Quicktake post, miners are capitulating right now if the Hash Ribbons indicator is to be believed.

Bitcoin Deja Vu: Indicator Mirrors Pattern That Led To 2021 Top

On-chain data suggests a Bitcoin indicator is currently mirroring the same trend that led to the top of the bull run in 2021. Bitcoin Long-Term Holder Distribution Appears To Be Ending As explained by CryptoQuant community manager Maartunn in a post on X, the BTC long-term holders are currently showcasing a trend that’s reminiscent of […]

Bitcoin HODLer Profit-Taking Calms Down After Wild Selling Spree: Green Sign For Rally?

On-chain data shows the Bitcoin long-term holders have finally cooled off their profit-taking after showing a wild selloff just earlier. Bitcoin Coin Days Destroyed Has Calmed Down For BTC Recently As pointed out by BTC on-chain research account “The Bitcoin Researcher” in a post on X, the Coin Days Destroyed In Profit metric has declined […]

Bitcoin Supply Shock: Exchange Inflow Trend Lowest Since 2015

On-chain data shows the Bitcoin exchange inflow trend has been at its lowest in almost a decade recently, a sign that may be bullish for the asset. Bitcoin Exchange Inflows Have Been On The Decline Recently As pointed out by CryptoQuant author Axel Adler Jr in a post on X, the BTC exchange inflows have […]

Bitcoin To Reach Escape Velocity? Analyst Makes The Case

An analyst has explained how Bitcoin seems to be showing a good setup to reach escape velocity based on the trend in this indicator. Bitcoin VWAP Oscillator Has Been Showing A Bullish Divergence As explained by analyst Willy Woo in a new post on X, a bullish divergence has appeared to be forming in the Volume-Weighted Average Price (VWAP) oscillator of the cryptocurrency.