The cryptography industry is going through a difficult period. The crypto community has so many questions, for example: "What will happen to the next cryptography market?", "Is BTC worth selling?". Well, only experts can answer these questions.
Mati Greenspan is a member of Business Insider, is often quoted by the financial media, a regular participant of investing.com, FX-Street, hacked.com, etc., Co-author of "The Complete Guide to Fintech, Trading, and Investment ".
It will be our financial guide in the last events in the world of cryptocurrency.
Good day, Mati! According to you, the collapse of the cryptographic market and the subsequent financial losses of investors in October-November 2018, is a sudden phenomenon or are just some historical events that lead to this end?
Hi coin shark. Thanks for getting me In fact, I'm pretty sure this is just a continuation of the pullback we've seen in the year. The break below $ 6,000 per bitcoin was a serious psychological blow as the barrier that stood for months was suddenly interrupted.
Consider cryptocurrency more as an investment tool or do you really envision the near future, where we can buy a Coca-Cola for BTC in a store anywhere on Earth?
Good question! Bitcoin is specifically a global currency and awareness and adoption levels are growing at a rapid pace, but what we are talking about here is programmable money.
There are many different types of cryptos that serve many different functions. As we move forward, more types of cryptographic resources will be developed. Some will be designed for investment purposes and some will be more practical and some may serve functions that we have not even thought about yet.
Do you think cryptocurrencies have real value?
Yes of course! They are worth anything the market is willing to pay for them. Some will increase in value and others will fall.
What new cryptocurrencies (which appeared in 2018) do you think are worth the attention of investors?
2018 saw the launch of many new stable coins on the market, a trend that may not be interesting for investors at the moon, but it's worth watching carefully. We have to think about these new stable coins as digital versions of their fiat counterparts. This will open the way to the next level of tokenized resources that will come soon.
In short, what is the appearance of a cryptocurrency investment portfolio? What are the main rules for investors not to lose all their money?
Only a Diversification rule!
Not just a crypto. There are all kinds of investments you can make. Shares, commodities, currencies, ETFs. The more you learn about different types of markets, the better it will be.
What is your personal forecast for the financial world in 2019 in general and for cryptocurrency in particular?
This past year has been extremely volatile and even a bit harsh for many different activities including stocks, crypts, commodities and even currencies. There is a good chance that this will continue in the next year, but I hope things will relax and regain calm after the second quarter of 2019.
We will see how it will evolve.
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