Crypto likely improves in 9 key areas during 2019 according to new researchsteemCreated with Sketch.

in crypto •  13 days ago

The landscape for bitcoin and crypto may improve quite a bit in 2019.

According to research published by Fundstrat Global Advisors, bitcoin and crypto are likely to see 9 key areas where the environment could/should be improving throughout 2019.

Bitcoin and crypto experienced manly negative issues throughout 2018, but improvements in many areas should be coming in 2019.

According to Fundstrat, these improvements will likely lead to higher prices as well.

What areas do they see as improving?

According to Fundstart there are 12 key areas surrounding bitcoin and crypto.

Of those 12, they think that roughly 9 of them will be improving in 2019 from where they were in 2018.

Their chart can be seen here:

(Source: https://twitter.com/fundstrat/status/1093998016166531072)

Interestingly enough we only had 5 of these areas as a positive in 2017, yet we are able to have a substantial rally.

Will they be right?

Whether Fundstrat ends up ultimately being right or not about all 9 remains to be seen, but I think they are going to be right on at least a handful of them for sure.

I think by the end of 2019 we are going to have a much better crypto landscape than we have had over the past 14 months or so.

Hopefully that translates to better prices for many of the coins as well.

Stay informed my friends.

Follow me: @jrcornel

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When I initially read "9 key areas" I was expecting those areas to be much more diverse. This seems to be a very tunnel vision analysis generated by people who are accustomed to traditional finance. They are projecting their skills onto the blockchain.

There are so many variables when it comes to Bitcoin's value, but I guess we can all agree that things are looking up. We'll be fully out of the woods once Bitcoin breaks that lumbering resistance line that's been towering over us for the last year.

I think the most important variables are decentralization and privacy. Now that ASIC hash rates are not skyrocketing out of control this decentralizes hash power away from the producers of ASIC machines. They will be more inclined to sell the rigs than use them to make money.

I think the most overvalued variable is throughput and transactions per second. This stems from the last bull run and the outlandish fees.

Related to this, I also think it's a mistake to put tunnel vision on Bitcoin. The entire cryptoshere is connected. The weaknesses of Bitcoin are complimented by other projects and vice versa.

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Very well said. I agree. Though, on the "more decentralized" part, I actually think the lower prices are likely going to centralizing mining activities... no?

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I believe the key to decentralizing POW is to use the heat generated for other purposes. ASIC machines in a factory can't use that heat. ASIC machines in a residence can provide heat and generate revenue at the same time.

This way even if the cost of mining is greater than the reward people are still going to mine because they were going to use that heat anyway.

This would create a situation where the decentralized mining in residences could massively undercut ASIC machines in a warehouse, vastly increasing decentralization.

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You don't think that heat generated in a warehouse could also feasibly be funneled in a way to be useful as well?

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AFAIK, the only profitable mining farms in the Netherlands are attached to greenhouses, which would otherwise burn gas for heating.

On a global scale, the cheapest energy is in remote mountainous areas that have hydro power but little industry or population. So there would be little demand for heat there.

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Eh, not really. Who pays for heat? The vast majority of people paying to heat air are homeowners.

The best improvement would be actually making me money like it did in 2017

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It may end up doing just that by this time next year.

Hey @jrcornel,

Really Adore the work you are doing with the posts for the community over here.

I think the Bitcoin would go in a steady slow move and new ICOs may not see very big success this year as 2018 did..

Do you think so too? Anyways I believe this with the help of my technical analysis which I do in order to earn my Bread and Butter.

I've followed you and would be really happy if you can guide me here.
I've tried to give my 2 cents advice to the community wrt. Bitcoin Technical Analysis => https://d.tube/#!/v/exoticinvestment/grjkgak1

Could you please have a look at the video and give me feedback and how I can improve my work and help the community here?

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Yes I could see that as well. I think there will be clearer regulations and rules surrounding ICOs as we move through this year as well.

It seems that much of the rally of 2017 revolved around speculation, icos, and a "gold rush" mentality (bitconneeecccctttttt!). I believe the next rally will be organic, more sensible, and thus more sustainable.

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I think you are probably right. Then at the tail end of it we will have the euphoria phase again where things get stupid. Boom and bust cycles.

Only 9 improvements? 😂😂😂

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That isn't enough for you corndog?

You are correct.but this post should include the that information as well,It will be increase the BTC near the future.New York-based research company Fundstrat Global Advisors has released its 2019 crypto outlook on Friday, Feb. 8. The analysts describe incremental improvements that will purportedly support higher prices for cryptocurrencies.

Tom Lee, Fundstrat’s co-founder and pro-crypto Wall Street analyst, commented on the study in his Twitter. He posted an introduction to the study and infographics that trace key market tendencies from 2017 to now.

“We see 9 incremental improvements in the landscape that ultimately support higher prices,” Lee’s tweet states.

The preview of the introduction chapter provides a brief assessment of 2018, which, according to Fundstrat, has brought a lot of disappointment.

The analysts state that negative headwinds, such as the initial coin offering (ICO) post-hangover, adverse regulatory developments and excessive exuberance have reversed some of crypto’s achievements, including the launch of the Lightning Network and wallet growth. As a result, the year was more like a “morning after sobering”, the report reads.

However, in 2019, the situation will slowly start to change. Fundstrat believes it is still too early to talk about mass adoption, but notes that cryptocurrency prices will likely see a visible recovery:

“Is 2019 the mainstream breakout year? Nope. But that is not necessary for crypto prices to eventually bottom in 2019, and by the end of 2019, we expect prices to be staging a visible recovery.”

At a macro level, the report names the expected weakening of the United States dollar as a first reason behind Bitcoin (BTC) price recovery. Fundstrat’s analysts also believe that emerging market equities will outperform U.S. stocks and bonds, thus creating a friendly environment for crypto.

The outlook further states that much anticipated institutional investments will also increase in 2019 due to the developments in custody solutions and over-the-counter (OTC) trading, thus contributing to the crypto price recovery.

Moreover, Fundstrat mentions that the overall interest in crypto might be stimulated by Binance’s recent decision to support credit card crypto purchases, along with the rumors that major companies like Bitfury and Bitmain might consider conducting initial public offerings (IPO).

The release of the report coincided with a market recovery that started Friday, Feb. 8. Bitcoin broke the $3,600 price point and has managed to stay above it for three days in a row at press time, while other major currencies saw double-digit gains on that day.

Late in 2018, Tom Lee announced that he will no longer give any further predictions on Bitcoin’s price. However, the analyst still thinks that $25,000 is a fair price for the world’s top currency, noting that the coin’s fair value could even reach $150,000.м

THANK YOU.................

Fiat -> crypto inflows, is very important.

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Liquidity can shift without any fiat being pumped into the system.

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Correct, we have seen it happen a few times in the last couple years. Though fiat being pumped in is often good for all projects.

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The trick is getting coins into the hands of citizens we can trust the most. Unfortunately, the people with the most fiat are the least trustworthy.

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Yea, I am not sure how one would even define "trustworthy" and therefore worthy of more coins in this case...

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As it stands now, trustworthiness is defined by POW, POS, and DPOS. I think we have to assume these are just the opening pilots to a greater show.

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Yes, especially with bitcoin futures trading. If BTC is bought with fiat or alts the price is gonna rocket. I really think the futures are #1 positive because it wont take much money to make the market move.

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Yes and soon we are going to have Futures products that are physically settled with actual bitcoin. That should impact prices as well.

still will be interesting to see what sinks , what swims (or at least floats (-:

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Hopefully steem is one. Bitcoin should be.

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Having some custodial aspects will also be very much needed. Some way to recover passwords, sent funds to a bum address, etc.

No idea on how that could work, but that's why super smart people are working on it. =)

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Yep, that will help. Also having insurance on holdings at crypto exchanges, so that there is no risk of customers losing their money.

2019 will be a remarkable year for the growth in every term for bitcoin

I love Mr Lee but man has he been wrong! I always think it has more to do with timing so there is surely great momentum in these fundamentals which supports hos thoughts so I guess I will take it!i

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He has been one of the best if not the best with equity predictions over the last few years. Having a bit of trouble with crypto thus far, I still like him and listen to his thoughts though. :)