2018 has come to an end and hopefully the
bear market too. It is now a time to reflect
and think about the year ahead.
So we decided to ask some crypto experts about
the year in crypto and what to expect in 2019.
Roger Ver, Tone Vays, Jimmy Song, Paul Veradittakit
and Bitcoin Dad all gave us their 2018 takeaways
and projections for the coming year.
This whole year has been sort of a pretty
tough bear market.
And you know I sort of expect next year to
be a bear market for a while to you know maybe
a price increase toward the end.
But nevertheless, I mean we shouldn’t expect
anything for a bit of time.
One event that is really positive and one
event that is sort of a sign of reality.
I think once the event was basically BAKKT
saying that they are launching and what they
I think that is significant because again
if we want to see price increase I think institutions
are going to be a huge part of that.
I think the biggest event for 2018 has to
be the declining price of not only Bitcoin
but the entire space of the crypto assets.
To me this is significantly different than
what happened back in 2014 or 15.
I believe that this time around the altcoin
bubble will not return. I think that’s going
to be the big difference.
I think that the is the most critical event
is the fact that this was the altcoin bubble.
I don’t expect the altcoins to come back.
There were other smaller events like the implosion
of the Bitcoin Cash or as I like to call it
the Bcash split that showed how irrelevant
those altcoins are.
And so to me, that was it’s a good thing.
I’m really enjoying this year 2018 for the
implosion of the altcoin space.
I hate to say the bear market because that’s
pretty much what 2018 has been for the most
You know I think it’s been a healthy correction.
I mean it still hurt everybody that I know
is on board in 2017 going into 2018.
But you know I think it was needed to kind
of you know pull back a little bit and you
know gather itself again you know before we
kind of you know move into 2019 and 2020 which
I think will be pretty bullish.
I would say was the bear market itself.
The fact that a lot of crappy projects have
been kind of flushed out of the system or
they’re currently in their death throes.
That is very significant because there’s been
a lot of malinvestment in this space and getting
those out of are out of this economy is a
very good thing because it allows for investment
in the things that are actually winning.
I think the 10th anniversary is significant
because that means that Bitcoin has been around
for 10 years.
There’s some credible scarcity to bitcoin
that I think people underestimate sometimes
you know like having something proven over
time is a very very good thing.
And more people will come in for that reason
you know like if something like two or three
years old that it’s less it’s not as easy
to trust it as if it’s like 10 years old because
it’s been through a lot.
Correction as a whole and people start to
realize that the market doesn’t only go up
it can go up and down.
And I think people realize that like the long-term
vision is to make cryptocurrencies usable
And that’s what drives the long-term price.
I’m bullish overall.
So I mean I would like to say this the bottom.
Still most skeptical but I feel 2019 and going
into 2020 before having again you know I only
see upside at this point.
You know we might meet might maybe go down
know twenty five hundred.
It’s possible things are looking pretty good
at this point you know Bitcoin kind of bounced
I think we need to fall further.
I think you need real capitulation.
I think you need a lot of the malinvestments
and ICOs and altcoins to really you know like
make it possible so that nothing is like these
projects just need to die basically because
there’s a lot of malinvestment.
And until that malinvestment is cleared out
of the system it’s still going to be you’re
just sort of like waiting for another bubble
another downturn in order to get rid of them.
So you know this is what happens in any economy
you have business cycles.
And during the bottom you get rid of the inefficient
and stupid projects and that’s what bear markets
And until the bear market has done its work
it’s it’s not really you know you’re either
waiting for a bigger bear market later and
just sort of delaying it or you know like
you’re you’re not really culling anything.
So I don’t think we’ve hit bottom.
I think we’ll start seeing some scalability
projects launched next year and I think that’ll
be exciting but I don’t think any of them
will sort of compete with Ethereum at least
in the near term.
I also think that there’s gonna be a ton of
consolidation lot of late-stage rounds being
raised by companies and we’re gonna start
seeing some pretty significant acquisitions
from existing tech companies and banks and
then also a lot of you know a lot of aqui-hires.
I also think the security to open market is
pretty inflated right now and there’s no infrastructure
to facilitate any sort of liquidity whatsoever.
So we’re gonna see a ton of scheming issue
but I really don’t think there’s going to
be much happening there next year.
So I think that one is a I think that was
a bit overhyped and I think we’ll start seeing
some governments starting to launch their
I think we’re heading
into basically a building and installation
phase and I think in terms of fundraising
it’s going to be a really tough time for ICOs.
I think the main thing in 2019 will be the
realisation that Bitcoin did not die.
It’s not going to die and it’s going to reverse
at some point in 2019.
I’m starting to think it will be more to the
latter half of 2019 than the beginning of
2019 and this time around Bitcoin will start
to separate from the rest of the crypto space.
So I think the marking of 2019 will be the
end of the Bitcoin bear market and the start
of another Bitcoin bull market this time with
side chains, with scaling, with privacy and
I can’t wait.
I certainly expect a lot more companies to
come around to realise like Bitcoin is where
I mean you can sort of see that already a
lot of CEOs are starting to say good things
about Bitcoin as a way to sort of pivot a
little bit because they’re realising like
a lot of these altcoins and ICOs are not doing
so well and any sort of bets that they placed
on them have been pretty bad and they haven’t
been served well by them.
So I imagine this will continue through most
I think the world is going to see more and
more people building on top of Bitcoin.
And of course, when I say Bitcoin I mean Bitcoin
Whether Bitcoin is going to make a new all
I’m not necessarily sold on that in 2019.
It might not be until later in the year when
it really starts to move.
Maybe it’s the 10,000 mark and kind of goes
But you know I’m bullish overall.
I mean I think there’s a lot of things in
the pipeline with the possible ETF and you
know still there’s still a lot of institutional
money that I think is trying to find some
I think I think at least in the short to medium
term it’s a great time to invest into Bitcoin
there’s still a strong correlation between
Bitcoin and the other cryptocurrencies and
so I think the markets are really low it’s
a great time to be buying but the currencies
I do suggest buying multiple cryptocurrencies
just because the market is so dynamic and
to put all your eggs in one basket is probably
not a good strategy.
So either investing into an index or investing
into a bunch of them that you’re really passionate
about or even going through some sort of fund manager
I am expecting lower prices.
If your time horizon is at least five years
ahead then the best time to buy Bitcoin is
I’ve had this answer for numerous years now
but if you’re actually trying to time the
market and you if you don’t have any Bitcoin right now that anytime is a good time to buy it.
But if you are watching it regularly I think
buying it in the low 3 thousands or below
3 thousand is great but definitely have a
bunch of fiat on reserve so you can buy a
slightly bigger chunk of it below two thousand
and if it ever goes below fifteen hundred
I will try to sell whatever I have not nailed
down in order to pile into it.
From a monetary perspective, I think it’s
still pretty clear that Bitcoin is the big
And and you know almost everything else is
an attempt to try to do something interesting
from a centralized perspective.
Personally I’m anti-ICO.
I don’t feel that you know that there have
been some good projects that raise money that
deserve the money.
But then you know you get everything else
kind of piggybacking those and it really got
There was a lot of just dumb money being thrown
in a ton of projects that are now down.
I personally I am not going to be bullish
on ICOs and in my investment position I’m
really going to be extremely skeptical regarding that.
I’m more of in favor of proof of work type
of project something where you don’t give
a developer 20-30 million dollars upfront
for an idea.
I feel that they are more motivated by having
a fair launch and you know moving forward
with their work and interests that would be
brought on due to their work and dedication
to the project.
A ton of ICOs are really going to die next
They raised quite a bit of money and for regulatory
reasons like basis or just bad management
and we just can see a lot of them get fleshed
out even more so I could see even the markets
getting even worse.
I’m sure there will be some but not nearly
to the degree that we saw in 2017-2018 I imagine
most of them like most people are kind of
you know jaded by ICOs in general right now.
Yeah most of them haven’t delivered anything
and the few that have aren’t anywhere near
what they hyped up to be.
Given those experiences, I don’t think there
will be nearly as many though who knows.
Already ICOs are having a really tough time
raising any money whatsoever.
They either have to go to private investors
or you have to sell off a lot of the Ethereum
or whatever they raised off in order to fund
Some are trying some weird models where they
basically gamble with the money that they
have in their treasury.
I think ICOs are going to get even more popular
in the future there.
They’re fantastic because they allow any investor
to invest in any entrepreneur anywhere in
the world instantly and have instant liquidity
based on the token as well.
So yeah there is a big run up last year and
things cooled off a little bit but like this
is something that never existed before.
And the reason there was such a big giant
run up is because people were realizing how
useful it is.
So I don’t think ICOs are going to slow down
in the long run.
I think going to see that become a more and
more common funding model for new and existing
All time high would be nice.
But you know hang in there keep grinding.
You know that the markets aren’t going to
You know that would kind of be my advice to you guys is you know don’t give up.
You know I know it’s rough out there to kind
of hang in there but you know obviously only
invest what you can lose.
But you know be patient and hodl.
I wish that you know we can all adjust you
know not focus as much on price and just really
focus on on building new shipping product.
And I think that’s what we’re gonna get most
about this entire bear market is that now
that we’re not seeing employees leaving because
they can make a lot more money day trading
with their currencies you know we’re seeing
people really focused on hitting milestones
and maybe even structuring transactions with
investors where money or tokens will be released
where milestones are hit.
But you know the most the most important thing
for me is that top talent is continuing to
come into this space and we’re continuing
to see a lot of the best talent in the startup
ecosystem coming in and it makes me really
So I think 2019 is going to be a huge year
Become a part of your investments instead
of just sort of like wishful thinking like
you know contribute to the ecosystem and in whatever way you can you don’t have to be
a developer you can be a holder you can be
somebody that’s part of the social community
but that’s what’s required in order to not
just be gambling but actually investing.
I wish people would actually start using cryptocurrency as currency.
Use it to buy and sell things and use it to
pay other people and use it to get paid when
you know when people owe you money.
Start actually using it as money rather than
just some speculative instrument.