New Year, New Things???

2019 kicked off leaving crypto currencies where they ended last year…on the "Down Low”. It has struck at the hearts of investors and traders who saw so much promise with bitcoin and other crypto currencies after the massive rise in post 2017. Because of this, there is so much speculation on the media about where cryptos are heading and if they are on their way to the graves.

After an attempted bullish run from the start of the year, it was only recently that the markets came tumbling down again.

Currently, as reported by Cointelegraph, the Crypto Markets have stabilised; with very little bullish and bearish activity taking place.

According to Erik Finnam, he believes that Bitcoin is Dead. This may be difficult to believe considering he made millions off bitcoin since 2011, but there is a possible reason for why he said in an interview with Market Watch in post 2018. He stated that:

Again, hard to believe considering that he is still a big shareholder of Bitcoin.

Bitcoin was the first kid on the block and is still proving to be the most dominant crypto of all that are out there. We cannot say that new kids cannot rise above the “big boy” and become the next big thing. Ethereum, XRP, EOS and others in close proximity of Bitcoin, are showing better usefulness in the blockchain e.g. Ethereum’s Smart-Contracts and XRP’s cross-border payments system for banks and payment providers. Though Bitcoin is still the most popular, there is the “what if” possibility that other coins/tokens and projects could serve better than Bitcoin in the future.

Some people may believe that crypto currencies were just a fad that has died out or are dying out. The Blockchain, however is still considered relevant. CRYPTOGRAPHY ensures that data and/or funds are tampered with and trust is established through TRANSPARENCY. Blockchain technology is still young and will take time for people to adapt to; the same way it did with internet, email, telephone, and the list goes on.

For those that have been trading cryptos, it’s a massive disappointment as many predicted that they would rise at the end of the year but...

Trading has been slow and again the markets are not as volatile to make any solid positions.

Blockchain Technology, according to cryptomaniaks.com, has major significance and can be useful in:
• Making voting more transparent
• Creating different financial instruments
• Keeping record of physical products
• Digital identity systems

Litecoin, which is still among the top 10 crypto currencies, will be halving around mid this year, which could cause a bullish run for that crypto however as the old saying goes…’NOTHING IS CERTAIN’.

Cryptos have had very good tides and terrible storms in the last 2 years. Whatever is likely to take place for this year and years to come, many will wait and see.

HAPPY INVESTING AND TRADING IN 2019.

Links
Why is Blockchain Important?
https://cryptomaniaks.com/latest-cryptocurrency-news/blockchain/why-is-blockchain-important

Crypto Markets Stabilize With Scant Price Action Across the Board
https://cointelegraph.com/news/crypto-markets-stabilize-with-scant-price-action-across-the-board

Bitcoin is pretty much dead, says teenage crypto phenom
https://www.marketwatch.com/story/bitcoin-is-pretty-much-dead-says-teenage-crypto-phenom-2018-12-14

Litecoin Block Reward Halving Countdown
https://www.litecoinblockhalf.com/
https://cointelegraph.com/news/crypto-markets-stabilize-with-scant-price-action-across-the-board