Topic: [2018-12-31]Fred Wilson: Crypto No Safe Haven in 2019 (Read 145 times)
There is no safe haven in crypto in any year, it is way too volatile unless you play it safe with stablecoins and do the switch at the right time. However, it seems to have bottomed out so investing around now should be reasonably safe
Venture capital investor Fred Wilson suggested that cryptocurrency will not be a safe haven in 2019 amid a “weakening” economy, according to a blog post published Jan. 1.
I read this text that he published (yes is a very long text):
Quote from: https://avc.com/
I think we are in the process of finding the bottom on the large, liquid, and lasting crypto-tokens. But I think that process could take much of 2019 to play out. I expect we will see some bullish runs, followed by selling pressures taking us back to retest the lows. I think this bottoming out process will end sometime in 2019 and we will slowly enter a new bullish phase in crypto.
and from what I noticed he seemed more rational and optimistic about the future and I do not understand why these news channels are put this "cryptocurrency will not be a safe haven in 2019 amid a "weakening" economy ". Is it that I did not read it right or our news channels are misreading his post?
I think you've read it right, and even Cointelegraph is saying the following in the very article:
Quote
According to Wilson, stablecoins will see significant progress and consumer adoption this year, along with non-fungible tokens, cryptogaming, and earn and spending opportunities.
but they have chosen (and not for the first time ever) to put a clickbaity and FUDdy title to their article. I don't know if they are aware of this, but in many cases it is the title is what sticks to the minds of the readers. So, creating such titles (especially when they are misleading like in this particular case) is a poor service to the crypto world in general.
Venture capital investor Fred Wilson suggested that cryptocurrency will not be a safe haven in 2019 amid a “weakening” economy, according to a blog post published Jan. 1.
I read this text that he published (yes is a very long text):
Quote from: https://avc.com/
I think we are in the process of finding the bottom on the large, liquid, and lasting crypto-tokens. But I think that process could take much of 2019 to play out. I expect we will see some bullish runs, followed by selling pressures taking us back to retest the lows. I think this bottoming out process will end sometime in 2019 and we will slowly enter a new bullish phase in crypto.
and from what I noticed he seemed more rational and optimistic about the future and I do not understand why these news channels are put this "cryptocurrency will not be a safe haven in 2019 amid a "weakening" economy ". Is it that I did not read it right or our news channels are misreading his post?
I think it's easy to say today that "crypto will not be a safe haven in 2019", we can all conclude that we are in a period of recovery and accumulation, and we'll need a little more than a year to see some significant changes regarding the price. Also Wilson emphasizes that things like "scams, hacks, failed projects, and losing investments be a drag on the sector", which is of course true. In the world of cryptocurrency there are too many gray zones, possibilities for fraud and scams are much larger than in some other financial sectors.
I'm not sure how this could affect cryptocurrency, but Wilson "believes that Donald Trump will be impeached and removed from the White House by the end of 2019", which is however a bit unrealistic speculation. It would without doubt, created a pretty big problems in the political world, and the economy would certainly be affected in some ways.
I'm not sure how this could affect cryptocurrency, but Wilson "believes that Donald Trump will be impeached and removed from the White House by the end of 2019", which is however a bit unrealistic speculation. It would without doubt, created a pretty big problems in the political world, and the economy would certainly be affected in some ways.
They are not a safe haven because they are still too volatile and their cycles have much higher magnitudes. 80% drop seems to be pretty normal for a Bitcoin bear market as it happened many times already, but with traditional markets it would be an apocalypse.
However, Bitcoin tends to increase in its value over the long run, so it might be a good safe haven on a scale of 5-10 years. But in this case investors should avoid altcoins, because most of them don't live that long, and they usually perform worse than Bitcoin.
However, Bitcoin tends to increase in its value over the long run, so it might be a good safe haven on a scale of 5-10 years. But in this case investors should avoid altcoins, because most of them don't live that long, and they usually perform worse than Bitcoin.
Venture capital investor Fred Wilson suggested that cryptocurrency will not be a safe haven in 2019 amid a “weakening” economy, according to a blog post published Jan. 1.
Wilson is an American venture capitalist and businessman, who has reportedly backed such companies as Twitter, Tumblr, Zynga, and Etsy. He is also a cofounder of New York-based venture capital firm Union Square Ventures and an early digital currency investor.
Read more: https://cointelegraph.com/news/fred-wilson-crypto-no-safe-haven-in-2019-investors-more-wary-of-startup-sector
Wilson is an American venture capitalist and businessman, who has reportedly backed such companies as Twitter, Tumblr, Zynga, and Etsy. He is also a cofounder of New York-based venture capital firm Union Square Ventures and an early digital currency investor.
Read more: https://cointelegraph.com/news/fred-wilson-crypto-no-safe-haven-in-2019-investors-more-wary-of-startup-sector
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