Critical 2019 forecast by leading Bitcoin developer Jimmy Song
Leading the crypto money experts in 2019, shared their views on the market. Bitcoin developer Jimmy Song says “A new wave of sales may come”, while analyst Tone Vays said, “The Altcoins won’t stand up.”
Leading 5 crypto money experts told the Cointelegraph about the 2019 expectations of Bitcoin and crypto coins and gave recommendations to investors.
Paul Veradittakit: 2018 was a tough year. I expect that the bear market will continue for a while in 2019 as well. Maybe the prices towards the end may rise. But I think we should not expect anything for a while. I think Bakkt is very important. If we want to see prices rise, I think that the most important thing to do is corporate companies.
‘Altcoins won’t stand up’
Tone Vays: I think the most important event of 2018 was the crash of the prices of all the crypto coins with Bitcoin. I see this as different from 2014 and 2015. This time I have a subcoin balloon and I don’t think the altcoins will stand up again. Another smaller event was the bifurcation of Bitcoin Cash. This division showed us how irrelevant these subcoins are, and I see it as a good thing.
Bitcoin Dad: I hate the ‘bear market’ for 2018. I think this is a healthy correction. There was a need to retreat and learn about the market. I’m waiting for the bull market in 2019 and 2020. This information will work.
Jimmy Song: What I want to say is the bear market itself. Numerous infamous projects have gone deleted or attracted to death pains. I think this is very important. There was a significant amount of wrong investment in the market. Cleaning them was good. Investments will be directed towards good projects. Bitcoin celebrates its 10th anniversary and I think it’s a good thing that something proves itself over time.
Roger Ver: The correction showed that people don’t always rise. It may rise or fall. I also think that people realize the long-term vision.
‘We can expect a new wave of decline’
Jimmy Song: I think we need a little more decline. We can expect a new wave of decline as long as the wrong investments and disgraceful projects in the market are not completely cleared. That’s why I don’t think we’ve seen the bottom yet.
Overview of 2019
Paul Veradittakit: I think we will see some new projects started to be launched next year. I think this is exciting, but I don’t think they can compete with ETH in the short term. I also think we are moving towards the installation and construction process.
Tone Vays: I think the most important event in 2019 is to prove that Bitcoin is not dead. Bitcoin didn’t die, and I think it’s going to be back in 2019 after some point. In the second half of 2019 I think that Bitcoin will leave the remaining crypto world and start a bull rally.
Jimmy Song: In 2019 I think many companies will realize where Bitcoin stands. Already many CEOs have started to say positive things about Bitcoin. I think this will continue in 2019.
Roger Ver: The world will see more and more people add new things to Bitcoin. By Bitcoin, I mean Bitcoin Cash.