2019 Will Be Remarkable for the Industry - page 2.

jamids

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Quote from: Rasa nanas on November 07, 2018, 10:19:17 AM

2019 is a year that makes many people curious, many say that in 2019 the price of bitcoin will recover. but this is still uncertain because so far there is no sign that the price of bitcoin will recover.

Well, there is a lot of good news circulating around but it seems that it has not taken its toll yet because the price is not reflecting what is happening in the market. There are no major news nowadays that's why there are no major movements and if you are one of those people who will rather move when others are taking slow then you will be rewarded in the future most likely when everyone is buying and you are already selling because your target profit has been reach.

WinslowIII

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Quote from: PurpleTulle on November 07, 2018, 06:44:27 PM

2017 was the remarkable year in the industry and it will take a lot for another year to get to that standard. So no, I don't think 2019 will be all that remarkable. I am certain though that a few projects will hit the roof : MFChain for example, is one I believe has that ability. There will also be coins that are not worth a farthing, and alot of them too. The coming year calls for adequate and extensive understanding of any project, we may see scam projects worse than we ever have.

Let me guess, you are an ico buyer of this shitcoin. Good luck with it.

WinslowIII

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Quote from: gentlemand on November 07, 2018, 06:02:13 PM

Quote from: gabmen on November 07, 2018, 10:39:54 AM

People said the same thing at the start of 2018 and there have been high hopes for a lot of people. And we're aware now that what many expected didn't happen. Actually a lot lost money. We can't really tell for sure because we may end up like those that got rekt this year.

I for one am 100% unsurprised this year turned out like it has so far. You don't get a year like 2017 without paying a heavy price as a followup. I am very surprised it hasn't fallen further and harder.

My guess is 2019 won't be all that much to write home about. We may get some rises but they're not going to be all that eye catching. There are still absolute shitcoins with insanely high market caps that have no business doing so. Then again I've given up trying to apply logic to the whole thing.

I am also very surprised the price is as high as it is right now, I expect 2019 to be a very bearish year.

PurpleTulle

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2017 was the remarkable year in the industry and it will take a lot for another year to get to that standard. So no, I don't think 2019 will be all that remarkable. I am certain though that a few projects will hit the roof : MFChain for example, is one I believe has that ability. There will also be coins that are not worth a farthing, and alot of them too. The coming year calls for adequate and extensive understanding of any project, we may see scam projects worse than we ever have.

BitHodler

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Quote from: Rasa nanas on November 07, 2018, 10:19:17 AM

2019 is a year that makes many people curious, many say that in 2019 the price of bitcoin will recover. but this is still uncertain because so far there is no sign that the price of bitcoin will recover.

Use the mass as a counter indicator. I have been doing that for a good while now and it seems to work fairly well. People need to lose hope and confidence will we see the market do something towards the north.

Too many people are still holding on to their coins waiting for something to happen, either because they bought in recently hoping to book a profit, or because they are deeply under water from last year's frenzy.

I think a proper shakeout will happen once we break through the main support people thought was impossible to break. It may sound harsh, but peculative markets don't have mercy for its participants.

gentlemand

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Quote from: gabmen on November 07, 2018, 10:39:54 AM

People said the same thing at the start of 2018 and there have been high hopes for a lot of people. And we're aware now that what many expected didn't happen. Actually a lot lost money. We can't really tell for sure because we may end up like those that got rekt this year.

I for one am 100% unsurprised this year turned out like it has so far. You don't get a year like 2017 without paying a heavy price as a followup. I am very surprised it hasn't fallen further and harder.

My guess is 2019 won't be all that much to write home about. We may get some rises but they're not going to be all that eye catching. There are still absolute shitcoins with insanely high market caps that have no business doing so. Then again I've given up trying to apply logic to the whole thing.

gabmen

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Quote from: Rasa nanas on November 07, 2018, 10:19:17 AM

2019 is a year that makes many people curious, many say that in 2019 the price of bitcoin will recover. but this is still uncertain because so far there is no sign that the price of bitcoin will recover.

People said the same thing at the start of 2018 and there have been high hopes for a lot of people. And we're aware now that what many expected didn't happen. Actually a lot lost money. We can't really tell for sure because we may end up like those that got rekt this year.

Rasa nanas

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2019 is a year that makes many people curious, many say that in 2019 the price of bitcoin will recover. but this is still uncertain because so far there is no sign that the price of bitcoin will recover.

sorrysteve1

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Quote from: Kiweikoo on November 07, 2018, 03:23:06 AM

Quote from: sorrysteve1 on November 06, 2018, 01:09:28 PM

Quote from: Newchanka on November 05, 2018, 02:16:42 PM

Quote from: sorrysteve1 on November 05, 2018, 10:05:38 AM

I don't think this is too important news. I agree 2019 is shaping up to be a potentially good year but BoA getting this patent isn't very important to that. It's an almost risk free investment for them, either crypto becomes huge and there'll be a demand for it or it doesn't and they haven't lost very much at all.

However you look at it, issues like this are pointers that positive developments are going on in the industry. Banks that big cannot just be overlooked by institutional investors. That they are indicating interest in patency related even to blockchain is a big deal talk more to cryptocurrency.
The fact remains that virtually all the big players are looking at who dives in first because quite a number of them have not quite gained the confidence neeeded. One of those features needed to boost their confidence is institutional custodianship from big players such as BoA, with that upcoming, the impact is anyone's guess.

I wouldn't have said it's negative news, and in fact agree with everything you've said. I just think that the significance of it is very limited. It may be an indication of strength to some investors but very few are going to be pushed from not investing to investing just based on this alone.

In market, something is in benefit for a specific group and rest is beneficial for the whole population. Bitcoin and the crypto market is suffering from this dilemma. Here everyone tries to get more and more but they don’t let other body take that chance out. We are always pulling each other’s leg. So investors have their own plans while we have to tackle them.

It's human nature to put your own interests over those of others, we are not biologically engineered to care about succession of anyone's genes except our own. I read in a book how we differ in this compared to other species, such as ants that have only 1 queen that produces their offspring. Therefore the success of the colony is key and all ants are related so success for one is success for all and you don't have the leg pulling you spoke of.

maxamus

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Quote from: Idrisu on November 06, 2018, 02:22:40 PM

With this news and other one that has come out of recent I think 2019 is going to be very interesting. Many big investors are going to come into the market. Institutional investors are the one that are really putting money and plan to put money in cryptocurrencies.

I hope 2019 will be good for crypto industry expecting many investors and newbies showing interest in the industry.Few countries has approved digital currency and few places have bitcoin ATM machine as well this shows good response and expectations from the industry.

Kiweikoo

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Quote from: sorrysteve1 on November 06, 2018, 01:09:28 PM

Quote from: Newchanka on November 05, 2018, 02:16:42 PM

Quote from: sorrysteve1 on November 05, 2018, 10:05:38 AM

I don't think this is too important news. I agree 2019 is shaping up to be a potentially good year but BoA getting this patent isn't very important to that. It's an almost risk free investment for them, either crypto becomes huge and there'll be a demand for it or it doesn't and they haven't lost very much at all.

However you look at it, issues like this are pointers that positive developments are going on in the industry. Banks that big cannot just be overlooked by institutional investors. That they are indicating interest in patency related even to blockchain is a big deal talk more to cryptocurrency.
The fact remains that virtually all the big players are looking at who dives in first because quite a number of them have not quite gained the confidence neeeded. One of those features needed to boost their confidence is institutional custodianship from big players such as BoA, with that upcoming, the impact is anyone's guess.

I wouldn't have said it's negative news, and in fact agree with everything you've said. I just think that the significance of it is very limited. It may be an indication of strength to some investors but very few are going to be pushed from not investing to investing just based on this alone.

In market, something is in benefit for a specific group and rest is beneficial for the whole population. Bitcoin and the crypto market is suffering from this dilemma. Here everyone tries to get more and more but they don’t let other body take that chance out. We are always pulling each other’s leg. So investors have their own plans while we have to tackle them.

Idrisu

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With this news and other one that has come out of recent I think 2019 is going to be very interesting. Many big investors are going to come into the market. Institutional investors are the one that are really putting money and plan to put money in cryptocurrencies.

sorrysteve1

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Quote from: Newchanka on November 05, 2018, 02:16:42 PM

Quote from: sorrysteve1 on November 05, 2018, 10:05:38 AM

I don't think this is too important news. I agree 2019 is shaping up to be a potentially good year but BoA getting this patent isn't very important to that. It's an almost risk free investment for them, either crypto becomes huge and there'll be a demand for it or it doesn't and they haven't lost very much at all.

However you look at it, issues like this are pointers that positive developments are going on in the industry. Banks that big cannot just be overlooked by institutional investors. That they are indicating interest in patency related even to blockchain is a big deal talk more to cryptocurrency.
The fact remains that virtually all the big players are looking at who dives in first because quite a number of them have not quite gained the confidence neeeded. One of those features needed to boost their confidence is institutional custodianship from big players such as BoA, with that upcoming, the impact is anyone's guess.

I wouldn't have said it's negative news, and in fact agree with everything you've said. I just think that the significance of it is very limited. It may be an indication of strength to some investors but very few are going to be pushed from not investing to investing just based on this alone.

tosmartak

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Quote from: ice18 on November 06, 2018, 01:40:06 AM

I hope that in 2019 more banks are going to support the cryptocurrency as we all know we need banks to process our digital money into fiats and vice versa more regulations will be imposed by each government regarding scam ICOs and digital tokens if this happens more industry will have interest on how blockchain technology will be very helpful in solving their current problems.

Well, even though, I have never really been a big fan of trying to imagine what a year would be like and I always like to take every development as it comes, knowing they will come in the long run anyway, considering this is a growing space which would eventually grow more than this, i cannot still help to use now to judge the possibilities of some pretty good decisions being made in coming years, with 2019 possibly ushering them in, which would probably be leading us to the level of mainstream adoption. I guess we will just have to wait and see anyway.

ice18

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I hope that in 2019 more banks are going to support the cryptocurrency as we all know we need banks to process our digital money into fiats and vice versa more regulations will be imposed by each government regarding scam ICOs and digital tokens if this happens more industry will have interest on how blockchain technology will be very helpful in solving their current problems.

Nowherman

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I believe 2019 will be the key year for the development of Bitcoin, altcoins and the cryptocurrency market as a whole. Recognition of cryptocurrency by the banking and financial communities, the infusion of institutional investors' funds will raise the crypto sphere to an absolutely new level.
I dare to suggest that by the end of 2019 the capitalization of the crypto market will reach 2 trillion US dollars.

BitHodler

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Quote from: dothebeats on November 05, 2018, 04:45:31 PM

though I'd give it that as more and more institutional investors flock this market, the more chances there are for the market to boom.

Institutions are smart players. They can simply choose to softly support the spot market but go big on Bitcoin on the OTC market, which in no shape or form affects the spot market.

Bitcoin's spot market is too thin to buy into for institutions, and there are no financial products offering long term exposure they can buy into yet. An ETF would be great for that, but we all know that the SEC has other plans.

The only interesting part of the article is that it might help legacy banks to provide custodial services, which from there might stimulate them to create their own financial products based on Bitcoin.

gentlemand

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Quote from: Newchanka on November 05, 2018, 05:57:48 AM

Who else thinks this is bigger than Coinbase and BitGo put together? https://cryptoinfowatch.com/bank-of-america-secures-patent-to-safeguard-cryptocurrency-private-keys/

Many, many patents are defensive or speculative and even more never see the light of day. Airbus and Boeing probably have patents for dining while travelling through wormholes. I'll bet most banks have similar stuff if you dig around.

figmentofmyass

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Quote from: Newchanka on November 05, 2018, 05:57:48 AM

I think the recent move by Bank of America will act as an important catalyst in what we shall see in 2019. Who else thinks this is bigger than Coinbase and BitGo put together? https://cryptoinfowatch.com/bank-of-america-secures-patent-to-safeguard-cryptocurrency-private-keys/

bank of america has filed more than 50 patent applications covering all different sorts of cases. who knows if they even intend to act on this patent? they haven't exactly done anything with the other dozens that are collecting dust.

some people argue that BOA's patents "were filed to attract press coverage and make the bank appear progressive in the fintech space".

so that's one consideration to make before hyping this too much.

dothebeats

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Quote from: Newchanka on November 05, 2018, 05:57:48 AM

It seems that all the variables nesessary to have a great year has been put in place. Yet the expected surge in the price of Bitcoin isn't happening this year. I think the recent move by Bank of America will act as an important catalyst in what we shall see in 2019. Who else thinks this is bigger than Coinbase and BitGo put together? https://cryptoinfowatch.com/bank-of-america-secures-patent-to-safeguard-cryptocurrency-private-keys/

I don't think that the Bank of America securing a patent on a supposedly open-source thing would help turn things around come 2019, They literally just invented an early warning system if the key storing device was accessed by an unknown entity. It doesn't even sound promising to say the least knowing that securing a private key is already an essential part of working with cryptocurrencies, though I'd give it that as more and more institutional investors flock this market, the more chances there are for the market to boom.

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