2019- the year in which crypto gets connected to the global financial system?

ActAshton

jr. member

Activity: 215

Merit: 7

Cobain of Crypto

Quote from: GregH37 on November 15, 2018, 03:20:55 AM

Probably, but not the way you think. It won't be connected via rich corporations getting into crypto and buying crypto currency to make more money via trading, that is way too simple and their money would change the market so much that they wouldn't be capable of selling their billions of dollars in the future.

Which means if they want to get in and they do want to get in than they need to find other stuff to invest into. The first thing that comes to my mind is crypto related companies, so big financial companies will be investing into companies like coinbase which they are already doing but will start to look at smaller stuff as well, with smaller companies getting millions of dollars the crypto company space will get much bigger and the valuations of those companies will be a lot.

Not that big money is going to just invest in big companies. 95% of these projects are all startups so who knows when we will see them become giants like Coinbase. I was thinking in regards to the article, where crypto-banking could come into play. People with big money obviously use exchanges but more than likely have to use off shore bank accounts or OTC all the time. With a fully licensed crypto-bank, you can make the swaps there and hodl your funds safely inside some sort of vault. I come from a bitcoin ATM background and dealing with OTC desks and corporate banks. They are a freaking nightmare (the banks moreso- w/ OTC, its just always a diff company).

I think a lot of big money that wants to move into crypto can benefit from using some form of crypto bank imo.

GregH37

legendary

Activity: 1302

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Probably, but not the way you think. It won't be connected via rich corporations getting into crypto and buying crypto currency to make more money via trading, that is way too simple and their money would change the market so much that they wouldn't be capable of selling their billions of dollars in the future.

Which means if they want to get in and they do want to get in than they need to find other stuff to invest into. The first thing that comes to my mind is crypto related companies, so big financial companies will be investing into companies like coinbase which they are already doing but will start to look at smaller stuff as well, with smaller companies getting millions of dollars the crypto company space will get much bigger and the valuations of those companies will be a lot.

ActAshton

jr. member

Activity: 215

Merit: 7

Cobain of Crypto

Well, after seeing what just happened in the market yesterday... I'd say we brought some more attention. Volatility still exists in case y'all forgot

victory.lil

full member

Activity: 490

Merit: 100

You can think only on the basis of some facts, today while I don’t see them and if they were, then I would definitely understand that this is what will be able to raise prices for cryptocurrency very, very high today, so I’m just watching.

ActAshton

jr. member

Activity: 215

Merit: 7

Cobain of Crypto

Jeez, we are at a tie right now... 6-6

Which answer will reign victorious in the next 6 days?!

Wait, maybe this is a sign o.O

ActAshton

jr. member

Activity: 215

Merit: 7

Cobain of Crypto

Quote from: waaat? on November 13, 2018, 12:59:07 PM

Maybe. Some projects develops products for financial system. Fusion, AuditChain, some other. Ripple and Stellar at least. But if they can't offer some interesting for big fin group then their places will take teams from big developers: MS, IBM and other

They're also attending conferences. There's this one in Ireland that IBM, Oracle, Mastercard, and a few others will be attending. It's called Decentralized Talks- even tho the name sounds kind of contradicting. I think they're starting to make bigger moves towards real adoption which is great.

Jamesdila1

member

Activity: 686

Merit: 10

there is huge difference between 2013 and 2019.. lot of people now know about crypto currencies and world popular stock exchanges like nasdaq also going to launch crypto exchange. lot of airports are accepting btc, microsoft, fifa also accept crypto currencies. also if BTC ETF got approved then we will see a fast mass adoption. we think crypto is spreading slowly because of this bear market. but lot of things are happening around the world daily. lot more local exchanges are opening, decentralized exchanges are opening. lot of crypto debit card based icos are launching. so i really think within 2019 and 2020 crypto will be connected to global financial system.

Morjana17

member

Activity: 364

Merit: 10

Alfa-Enzo:Introducing the First Global Smartmarket

Quote from: e@symode on November 13, 2018, 10:04:44 AM

I really want to believe in it, because it seems to me that in 2019 there will also be nothing that could really push people to what is probably called today the most possible option to integrate cryptocurrencies in general into the world economy.

That is still under discovery in an experiment for everybody. Even though if that will happen the year 2019 will have uncountable noun of people who will declare the usage of cryprocurrencies as way of payment in every now and then.

bitcoin.clakr

member

Activity: 378

Merit: 10

I believe that the year 2019 will be very successful for cryptocurrency. It seems to me that those people who have not lost faith in cryptocurrency will get a big profit. I am sure that the cryptocurrency will become part of the financial system.

nianastasia62

jr. member

Activity: 196

Merit: 1

Quote from: mummybtc on November 13, 2018, 10:15:49 AM

I would say NO until SEC come out with clear guidelines on what constitute a security, they will continue to hunter ICO developers and expect their hammer to keep winning, one thing here is that they don't want to fight a battle they won't win, if they come out with this guidelines then expect new inflow of money into the space and one thing is that this next bull run would be different from the past IMO

I agree with you and also think that you need to wait for the SEC decision to make sure that the state is ready to accept bitcoin on a par with traditional money ! Think that would mark the beginning !

waaat?

full member

Activity: 574

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Maybe. Some projects develops products for financial system. Fusion, AuditChain, some other. Ripple and Stellar at least. But if they can't offer some interesting for big fin group then their places will take teams from big developers: MS, IBM and other

ActAshton

jr. member

Activity: 215

Merit: 7

Cobain of Crypto

Quote from: pri3oner on November 13, 2018, 10:54:32 AM

2018 has become the most disappointed year for bounty participants I bet. As for me, I haven't got what project expected as long as they haven't achieved what they wanted. 2019 should be better after the important events happened back in 2018.

true indeed, but that's because all they were doing was dumping. After so many useless coins starting popping up, they were just doing it to make a few extra bucks instead of hodling on and using them for their utility.

btw, with at least 80% of shitcoins out... when real utility

braves182

full member

Activity: 476

Merit: 100

The BISTOX exchange - OWN WHAT YOU TRADE

I don't expect anything from the crypto market in 2019, but I hope for the best. I know for sure that someday we will see this growth, but many investors will give up their positions and be disappointed completely. That's when it happens, then the market will begin to revive. I think so.

masterkiller

sr. member

Activity: 643

Merit: 253

My prediction about crypto currency in 2019 might not be different from what happened in 2018, I believe that crypto currency will soon rise, it's just that it may take a long time to recover or even return to the highest price in 2017, the graph might different from what I predicted, but proven this year, graphics can no longer be a valid indicator regarding the price of crypto currency

tiggytomb

legendary

Activity: 1848

Merit: 1000

I hope we do see a leap in adoption in 2019, there are other coins and other countries also that could lead the way.
Africa for example, a coin I hold is a shareholder in an African bank and will soon have an ETF and not many have even heard of this coin.

We will get there and it will probably happen out of nowhere.

irixo10

full member

Activity: 1078

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GoMeat - Digitalizing Meat Stores - ICO

Too early for it to happen, Crypto only really grows from 2017 and is now only 1 year old for this development and diffusion. 2019 may be a great year for crypto, but for what you say it takes another 10 years to happen

oho

full member

Activity: 490

Merit: 100

Investing in the future development of blockchain

At the moment, everything has been done so that no one believes in further growth! And now it seems to everyone that apart from the SEC there is no reason for further growth! The news will come as always from nowhere, but by this time many will sell their assets because of fear! Fear is what big investors want to achieve! I wish everyone patience!

wakeham8

member

Activity: 252

Merit: 10

I do not think that this is going to happen in 2019. Crypto currencies will become mass adopted, but not earlier than 2025, because almost no crypto currency has already a working product, that can be a part of the financial system.

pri3oner

full member

Activity: 504

Merit: 100

Bitgesell (BGL) Decentralized Cryptocurrency!

2018 has become the most disappointed year for bounty participants I bet. As for me, I haven't got what project expected as long as they haven't achieved what they wanted. 2019 should be better after the important events happened back in 2018.

mayan251

member

Activity: 267

Merit: 10

I'm not sure what will happen in 2019. But I believe that even now many people quit encryption. Once bull market appears. People will come back. As long as encryption is profitable, people will enter encryption again. This is human nature.

Topic: 2019- the year in which crypto gets connected to the global financial system? (Read 244 times)