Newer Cryptocurrencies Are Much in the Shoes that Bitcoin Used To Be A Few Years AgoMay 8, 2019
Heisenberg Capital, one of the biggest venture capitalist firms are very positive about Bitcoin. A tweet from the official account reads: “We see the market reject everything except BTC.”
Heisenberg Capital stated that they would be doubling down on the Bitcoin by investing new capital. The tweet further added, “As BTC climbs toward our 2011 target of $100,000, we believe everything except BTC will die-off.”
It was previously believed that Bitcoin would fade away with time and now it seems like Bitcoins are here to stay. Therefore, the idea of everything to die off might not prove true. Newer cryptocurrencies are much in the shoes that Bitcoin used to be a few years ago.
The growth engine for different types of cryptocurrencies whether the TCAT tokens, Dash, Litecoin, Stellar Lumens or anything to name is spread across the world. There are cryptocurrency exchanges which facilitate exchange between Bitcoin and Altcoins.
Heisenberg Capital has decided to focus only on Bitcoin going forward and Shapeshift is offering exchange between Bitcoin and Altcoins. Each one of them has come up with a strategic belief based on their unique selling point.
In the grand scheme of things, cryptocurrency is unregulated and susceptible to fraud; however, not all cryptocurrency is full of scams. The thing doing the rounds is too much of sensationalizing of cryptocurrency fraud.
Movers and shakers of the cryptocurrency price keep doing their job, and new tokens are on the rise. Investors are forever watching on when the bottom is in and when the prices are trending towards an all-time high, and they are putting their investment into stakes. Investors are checking in to the past to decide on how the future might trend.
Concerning cryptocurrency, countries like China have stringent rules. They have outright banned its usage. There have been critics who state that it is better to place bets in a casino than to predicting cryptocurrencies. Investors are willing to welcome more of transparency at the casino.
When it comes to prices, though it is widely stated that the market makers are not known, about ten mysterious whales are those who actually move the market. The price of Bitcoin has been hovering in the 5,800 ranges and bulls are fuming ahead. Fundamental and technical factors are considered in evaluating market factors.
Willy Woo, a researcher, stated, “The bull market (upward and onwards) has not formally confirmed just yet. We need to successfully retest the 200 days MA & Realised Cap (both ~$4400 right now), or without retest, we need to stay above them for a sizeable time, say another month.”