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Experts Analysis on Cryptocurrency – 2019

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We don’t want to believe in speculations that’s why we interviewed crypto experts to tell us what they think will happen to cryptocurrency in this 2019. As we know the crypto price in this past 10 months hasn’t been all good.

Here are experts analysis of what will happen to cryptocurrency in 2019:

  1. Mobile wallet usage will increase as smartphone purchases continue to rise. This will open the potential for fully compatible crypto and credit card mobile wallet to be introduced by the end of the year. Imagine one wallet on your mobile device that stores your cryptocurrency and traditional currency. This would be a huge push into a cashless society.2.  Cryptocurrency payment technology will continue to advance, and be one of the biggest trends in 2019. In 2018, merchants from a wide variety of industries began offering cryptocurrency payments, and the technology has come a long way in a short amount of time. Not only are merchants now able to accept payments in crypto online, but also in retail settings through the use of QR codes. Blockchain technology will be used in government, especially with taxes (this is already being implemented), the private sector, and medical, as well as aerospace. Blockchain will also become commonly used for everyday transactions, including home and car titles, legal contracts, government contracts, retail inventory and distribution. We also predict that a handful of name brands will begin accepting cryptocurrency, including a large retailer or two. When all these starts booming fast, then it will spike and sustain cryptocurrency price.

Eric Brown, Founder and CEO of Aliant Payment Systems

According to Investopedia, a risk lover is an investor who is willing to take on additional risk for an investment that has a relatively low additional expected return in exchange for that risk. … A risk loving investor does not need to see a pattern of high returns which compensate for the extra risk in order to take on a risky investment.

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And I believe that as long as there are risk lovers with money to burn, risky investments of some sort will find willing buyers. For example, in the 1920s, wildcatters (who mostly drilled dry holes while looking for oil) found quite a few risk-loving investors in Texas. A few got rich, but a great many more went bankrupt. A more recent example is the explosive growth of penny stock trading by risk lovers that accompanied the birth of the Internet. Again, a few penny stock investors made a significant amount of money, but the vast majority did not — often because they fell for various types of scams. And now we have a new investment for risk lovers called cryptocurrency.

To underscore the riskiness of cryptocurrencies, in late July, for the second time, the U.S. Securities and Exchange Commission (SEC) again rejected an effort by investors Cameron and Tyler Winklevoss to list a bitcoin ETF (although the SEC also stated that over time, regulated bitcoin-related markets may continue to grow and develop). So cryptocurrencies are not going away any time in the near future.

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However, in my opinion, cryptocurrencies represent a classic investment bubble — the 21st Century equivalent of investing in Dutch tulip bulbs in the 1630s. And since cryptocurrencies have no actual intrinsic value whatever, monetary gains are only available under the greater fool theory of investing — i.e., a cryptocurrency investor must find (and complete a transaction with) a greater fool in order to have any possibility of earning a capital gain of any sort! On the other hand, severe losses are entirely
possible. Few traditional investors have sufficient resources to recover from a cryptocurrency collapse in a reasonable length of time; so for the vast majority of folks worldwide, this is a completely inappropriate investment — and I really hesitate using that term when cryptocurrencies are being discussed.
Thus, I consider cryptocurrencies to be risk-laden speculative financial instruments — rather than true investment vehicles.

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Timothy G. Wiedman, D.B.A.,  Associate Prof. of Management & Human Resources (Retired) Doane University.

 

 

Build it and they will come…this is what we can expect from the blockchain community in 2019. Most of us who have been involved with blockchain for a while know that bear markets actually give us the opportunity to do what we love without all the hype that comes when bitcoin is rising 20% per day. So the serious projects spent 2018 slowly working on their businesses and building relationships. I think the ICO craze of 2017 and the relative failure of those projects to produce any real use cases in 2018, has finally killed off any hope for projects who think they can raise millions of dollars based on hype alone. This is a great sign for blockchain as I think we can expect the industry to really grow up from here, leaving the truly professional projects to shine in 2019.

This should start building investor confidence again and fundraising will pick up, but only for projects with solid business plans and MVPs. I expect blockchain projects who are able to persevere through this bear market to really gain the respect of mainstream business peers and emerge as the clear winners in the industry. In general, we will start seeing real use cases and working applications beyond wallets, gambling and games.

Some of the applications I expect to see a launch in 2019: Easy to use crypto/fiat gateways decentralized insurance Hundreds of Security Token Offerings(STOs) Data marketplaces More global governments passing favourable legislation for the blockchain industry Blockchain social media projects gaining market share over incumbents
Key management becoming a standard EOS emerging as the clear winner for blockchain application development Bear market to turn bullish in late Q1/early Q2.

By justin Roberti

 

2019 will be the year when interoperability finally enables blockchain and cryptocurrencies to fulfil their promise as a way to exchange value in commerce and utility. As a result of their complexity and lack of usability up to now, cryptocurrencies are mostly just considered as an alternative investment, even though they can be so much more. 2019 will see the doubling down of efforts to remove the risk, complexity and inconvenience of sending and receiving crypto assets, which will be the catalyst for them fulfilling their full potential.”

Usability will be a big theme that runs through 2019, as developers start to tackle the big problems that still stand in the way of crypto payments experiencing mass adoption. This will occur in many of the same industries where the Web took hold first, namely gaming, gambling, and pornography.
We’ll see major developments in the crypto-related parts of these industries, as entrepreneurs and developers seek out the solutions that can drive exponential UX improvements.

Such improvements will start to embed crypto payments in a way that will reduce the volatility of crypto markets. After much hype and some suspicion, some stable coins will also establish their position as a useful tool within these crypto commerce markets. However, the spectre of regulators restricting how cryptocurrencies can be used in commerce and utility-related situations cannot be ignored.

Frances Wells , Cryptoland PR.

 

I think 2019 is going to be a year of building infrastructure that will allow the cryptocurrency market to survive and grow. We will see a number of custody providers, insurers, and banks entering the space as the build-out continues. Another important part of that infrastructure is regulatory guidelines. I thus think we will see the US government passing the Token Taxonomy Act
https://hackernoon.com/token-taxonomy-bill-crypto-holidays-are-here-255d3c87a132, which will allow the marketplace to grow and flourish here in the US.

Kyle Asman, partner and co-founder of BX3 Capital

source: Coinratecap

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Paschal Okafor is NaijaTechGuide Team Lead. The article Experts Analysis on Cryptocurrency – 2019 was written by CoinRateCap. The article was last modified: September 20th, 2019

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