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Predictions blockchain and cryptocurrency 2019 – Vol. XVI
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We continue our series of forecasts from industry thought leaders about what could happen next year.
With almost every measure, 2018 has been a busy year for the blockchain / cryptocurrency industries. Beyond the usual issues affecting young companies in hiring, marketing, technology and financing, companies have been involved in a crisis of trust with investors, as cryptography markets have lost 80% % of their total value from the beginning of the year.
Add to that the magical source of funding caused by the reduction of initial coin offerings, the increase in government control and the absolute ban on certain activities, and the bitter battles between technology developers that have caused market rotations, and it is surprising that any company has survived such serious winds against it.
But in 2019, the survivors of this industrial winter demonstrate confidence in the underlying technology of the blockchain and in the continuing promise of cryptocurrency. They stress that institutional investors are still on the sidelines and many retail supporters are still not at stake.
Add this to the constant interest of large companies and the spirit of innovation shown by blockchains and crypto-pioneers, and the story seems much brighter than the simple numbers would suggest.
Block Tribune has asked industry thought leaders to consider what might happen next year. Now, until the end of the month, we will highlight their thoughts on what could happen in what every hope will be a happy and prosperous 2019.
Edward Lee, director, Line Bitbox:
BLOCK TRIBUNE: Where do you see bitcoins in 2019 and why?
ANSWER: We believe that the current bear market will see the return of the bull. Not just for Bitcoin but for cryptocurrencies in general. We expect this to be a continuous cycle as the market finds its balance. We are seeing more projects, including ourselves, with LINE's digital LINK token, increasing the usefulness of cryptocurrencies to build the economy and the platform everyone has tried to do. build. It is hoped that in 2019 these efforts will contribute to bringing greater stability to cryptocurrency prices.
TRIBUNA BLOCK: Have recent cryptographic crashes affected your prospect and / or plans for 2019?
ANSWER: No. We are still very focused on creating an ecosystem in which LINE users can benefit from blockchain technologies. BITBOX is only part of that plan and our focus will remain on giving more confidence to traders by increasing the value of LINK (LN) by adding useful functions for it.
BLOCK TRIBUNE: what role will the stablecoins have on the market in 2019?
ANSWER: The introduction of more stablecoin should help to calm the market more, as traders have a place to keep their holdings in times of aggressive market fluctuations. We are starting to see more options stablecoin in the works that are not only related to the US dollar, but other legal currencies. This should allow traders in different markets to trade more confidently as they can avoid sporadic fluctuations between cryptocurrencies and legal currencies that could affect the value of their portfolio.
BLOCK TRIBUNE: which sectors – energy, e-commerce, gambling – do you think will have the greatest impact in the blockchain sector in 2019?
ANSWER: It is still too early to say which industry would have the greatest impact from the development of blockchain technologies. We believe that there is still much more room for improvement in the financial sector than the current blockchain technologies have yet to overcome. Online consumer services that would benefit from increased transparency, such as reviews-based services and user-generated content-based services, would be a major beneficiary of blockchain technologies. This is where we hope to contribute to the creation of best-case services on blockchain to guide the mass adoption of these new technologies.
BLOCK TRIBUNE: which event would you like to happen in 2019?
ANSWER: More solid products! More services actually used by users should come out and LINE will play an important role. Adaptation is crucial so that the entire industry can concentrate more on the usefulness of cryptocurrencies rather than just trading and speculating them.
BLOCK TRIBUNE: ICO died as an effective fundraiser? Why or why not?
ANSWER: LINE has not gone through an ICO for the launch of our LINK token (LN). While the ICO model has proven to be a short-lived method for massive fund-raising, we believe this model will continue to evolve to become more sophisticated. Potentially, we would see a hybrid model, including token sales and equity fund raising, in the near future.
Ray Youssef, CEO, Paxful.com
BLOCK TRIBUNE: Where do you see Bitcoin in 2019 and why?
ANSWER: I see bitcoin grow at high levels but # P2PFinance will go higher. We at Paxful are already witnessing a peak in sales activities. Many traders have given up trading day after the fall in bitcoin prices and are returning to peer to peer finance and selling bitcoins with renewed vigor. Peer-to-peer funding on Paxful provides a real revenue stream that continues to grow, no matter how low the price of bitcoins is.
TRIBUNA BLOCK: Have recent cryptographic crashes affected your prospect and / or plans for 2019?
ANSWER: No. As mentioned in the first question, we have become even larger with the crypts of the crypt. A couple of weeks ago we reached the historical maximum of 21 million in the global volume. In peer-to-peer finance, the price does not matter as long as there are people who use bitcoins to translate money. Not many people realize it, but bitcoin and peer to peer finance is used all over the world, especially in developing countries and in countries with falling currencies. The plan remains the same: to grow bigger, better and spread the word of equal to finance pear worldwide.
BLOCK TRIBUNE: what role will the stablecoins have on the market in 2019?
ANSWER: Stablecoins aim to reduce the volatility of cryptocurrencies. This could mean many different things in terms of the market, but I think the stablecoin will continue to increase as the "crypt without volatility" is even more appealing to people than the bitcoin. The currency wars will push to create more stablecoin portfolios.
BLOCK TRIBUNE: which sectors – energy, e-commerce, gambling – do you think will have the biggest impact on the blockchain industry in 2019?
ANSWER: E-commerce, certainly. There are more and more companies that accept bitcoins as payment. The peer-to-peer revolution has begun and we are all witnesses. With peer to peer finance, people are able to translate bitcoins into whatever currency they want. We take gift cards as an example. Developing countries do not need gift card credits. Some areas of the world do not even Amazon. Peer-to-peer finance allows these people to translate their bitcoins into any currency they desire. Peer-to-peer finance brings a whole new world to e-commerce.
BLOCK TRIBUNE: which event would you like to happen in 2019?
ANSWER: We are planning some Paxful events in 2019, so this is to be expected. We are planning to have events offline throughout Africa.
BLOCK TRIBUNE: ICO died as an effective fundraiser? Why or why not?
ANSWER: ICO will find the new skin as a real fundraising tool for real projects such as legitimate farms, factories and cryptographic projects. The component of a token must be renamed as a utility token or some other skin that will not give rise to an up-regulation. This is the year ICO has eliminated the mad element of speculation and becomes what should have been "raising crowds without permission"
