2019 Cryptocurrency Outlook

Blockchain | Reviews | Technical Analysis

A decade ago, the digital assets concepts was introduced into the financial world. Since then, there has been over 1000 individual cryptocurrencies formed aside from the original currency Bitcoin. Before Bitcoin came into existence, there had been an attempt at creating encrypted online currencies like Bit Gold and B-Money which did not really come to development.

Then came in the mysterious Satoshi Nakamoto who posted the paper called Bitcoin on a cryptocurrency discussion forum and the rest is history. Fast forward to the eventful 2018 where the price correction was so severe that the losses of investors was ridiculous.

There are certain developments expected in 2019 by investors and cryptopreneurs.

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  • Institutional money will be invested into Bitcoin ETF

Institutional bodies are warming up to cryptocurrency and the train is not about to slow down. For example, Ohio State in November 2018 rolled out a system that accepts taxes being paid in Bitcoin. For investors, adopting to changing financial times is a must and the adoption of blockchain technology is not unexpected. One of the world’s largest hedge fund managers Fidelity, also introduced cryptocurrency trading services to its clients. Once institutional investors pour money into cryptocurrency it will cause a spike on the prices of the currencies invested into.

Once the SEC approves Bitcoin ETF, institutions will get the guarantee they need just in case they are still unsure about executing their plans and raise the value of Bitcoin, much like the first ETF for gold came up and increased its value by 300% in 2003.

  • Increase of decentralized exchanges

At the moment, decentralized exchanges still see lower volumes than centralized exchanges despite the technological and regulatory advances in cryptocurrency. This could be because the majority of decentralized transactions are restricted to privacy oriented cryptocurrencies ZCash and Monero which are actually dominating these transactions. Platforms like Ethereum which operate with smart contracts also prefer to use decentralized exchanges, which will hopefully increase in volume with time, especially because Ethereum is performing really well compared to most altcoins.

  • Security Tokens Adoption Increase

Security tokens are much safer than crowd funded Initial Coin Offers (ICOs). Security tokens came up to confirm ownership of digital assets, which means that the transaction of representation is done on paper, therefore complying with legal requirements. Security tokens are legalized by smart contracts which are used for the cryptocurrency transactions.

There are benefits to adoption of security tokens:

  1. Expansion of the crypto investor market
  2. Better methods to market products and services
  3. Security tokens are more efficient capital markets product than traditional securities.
  4. Security tokens will restore stability to the market.
  • Revolution of decentralized applications

Traditional centralized transaction applications have been in place since fiat was introduced. It has now become increasingly clear that unless blockchain technology is adopted, a lot of financial institutions will be left out of the economic revolution taking place.

The resistance facing blockchain technology is simply because eliminating third parties to fiscal contracts seems like a loss of fundamental trust. One of the challenges faced in 2018 was the resistance to cheaper more efficient decentralized blockchain application.

  • Valuation of cryptocurrencies to stabilize the market

Cryptocurrency prices are affected by a lot of factors but that which stands out is exactly the same as that of Fiat value. Demand and supply, which is a basic economic value. Simple, if the demand of a cryptocurrency is high and the supply is low, the price will increase and vice versa. However, that is not all that affects cryptocurrency prices; there are many other factors such as regulation, competition, stability and quantity of the digital resource.

Cryptocurrency is literally the hottest economic development right now and granted, it is still going through intense evolution which poses a problem when it comes to determining their value. First, there is no limit of cryptocurrencies compared to like Fiat and say, precious metals. Anyone can come up with a coin but it is worthless unless people recognize it, adopt it and begin to trade it. Kindly have a look here on the different ways the value of cryptocurrencies are determined.

 

 

 

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2019 Cryptocurrency Outlook

Blockchain | Reviews | Technical Analysis

A decade ago, the digital assets concepts was introduced into the financial world. Since then, there has been over 1000 individual cryptocurrencies formed aside from the original currency Bitcoin. Before Bitcoin came into existence, there had been an attempt at creating encrypted online currencies like Bit Gold and B-Money which did not really come to development.

Then came in the mysterious Satoshi Nakamoto who posted the paper called Bitcoin on a cryptocurrency discussion forum and the rest is history. Fast forward to the eventful 2018 where the price correction was so severe that the losses of investors was ridiculous.

There are certain developments expected in 2019 by investors and cryptopreneurs.

FREE CRYPTO COIN JUNKY HANDBOOK - 147 page guide covering Crypto Fundamentals, Beginners/Advanced Crypto Trading Strategies, Crypto Mining Techniques, ICO Investment strategies, and so much more.

CRYPTO TRADING STRATEGY GUIDES - Whether You're Day Trading, Swing Trading, Or Just Investing...Our Extensive Guides Will Get You To Where You Want To Be.

  • Institutional money will be invested into Bitcoin ETF

Institutional bodies are warming up to cryptocurrency and the train is not about to slow down. For example, Ohio State in November 2018 rolled out a system that accepts taxes being paid in Bitcoin. For investors, adopting to changing financial times is a must and the adoption of blockchain technology is not unexpected. One of the world’s largest hedge fund managers Fidelity, also introduced cryptocurrency trading services to its clients. Once institutional investors pour money into cryptocurrency it will cause a spike on the prices of the currencies invested into.

Once the SEC approves Bitcoin ETF, institutions will get the guarantee they need just in case they are still unsure about executing their plans and raise the value of Bitcoin, much like the first ETF for gold came up and increased its value by 300% in 2003.

  • Increase of decentralized exchanges

At the moment, decentralized exchanges still see lower volumes than centralized exchanges despite the technological and regulatory advances in cryptocurrency. This could be because the majority of decentralized transactions are restricted to privacy oriented cryptocurrencies ZCash and Monero which are actually dominating these transactions. Platforms like Ethereum which operate with smart contracts also prefer to use decentralized exchanges, which will hopefully increase in volume with time, especially because Ethereum is performing really well compared to most altcoins.

  • Security Tokens Adoption Increase

Security tokens are much safer than crowd funded Initial Coin Offers (ICOs). Security tokens came up to confirm ownership of digital assets, which means that the transaction of representation is done on paper, therefore complying with legal requirements. Security tokens are legalized by smart contracts which are used for the cryptocurrency transactions.

There are benefits to adoption of security tokens:

  1. Expansion of the crypto investor market
  2. Better methods to market products and services
  3. Security tokens are more efficient capital markets product than traditional securities.
  4. Security tokens will restore stability to the market.
  • Revolution of decentralized applications

Traditional centralized transaction applications have been in place since fiat was introduced. It has now become increasingly clear that unless blockchain technology is adopted, a lot of financial institutions will be left out of the economic revolution taking place.

The resistance facing blockchain technology is simply because eliminating third parties to fiscal contracts seems like a loss of fundamental trust. One of the challenges faced in 2018 was the resistance to cheaper more efficient decentralized blockchain application.

  • Valuation of cryptocurrencies to stabilize the market

Cryptocurrency prices are affected by a lot of factors but that which stands out is exactly the same as that of Fiat value. Demand and supply, which is a basic economic value. Simple, if the demand of a cryptocurrency is high and the supply is low, the price will increase and vice versa. However, that is not all that affects cryptocurrency prices; there are many other factors such as regulation, competition, stability and quantity of the digital resource.

Cryptocurrency is literally the hottest economic development right now and granted, it is still going through intense evolution which poses a problem when it comes to determining their value. First, there is no limit of cryptocurrencies compared to like Fiat and say, precious metals. Anyone can come up with a coin but it is worthless unless people recognize it, adopt it and begin to trade it. Kindly have a look here on the different ways the value of cryptocurrencies are determined.

 

 

 

Author:

Leave a Comment

[js-disqus]

Latest Crypto News

Goals set by Justin Sun for Tron(trx)in 2019

On the 31st Of May 2018, Tron achieved independence from Ethereum and Launched its own Mainnet with the Intention of being a fully functional Public Blockchain that supports Creation and development of decentralized Apps (dApps)

Read More »

Crypto Regulation Commences in South Africa

The South African government today issued a statement regarding the steps it is taking on cryptocurrency trading by setting up a working group dedicated to regulating blockchain and crypto. Background Before we get into that,

Read More »

Facebook Hiring: 5 Cryptocurrency Positions Open

Something is definitely brewing in Facebook’s newly formed department. Early in May, there was a rumor that Facebook was interested in opening a cryptocurrency department within its headquarters. The advertised positions are: Two Software Engineers

Read More »

Crypto StartUps are Failing

Cryptocurrency start-ups have had a rough year with a huge section of them laying off loads of their workers with the  Bitcoin price crash. Bitcoin has lost around $280 billion of its value this year

Read More »

Sign Up Below!
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