This year 2019 will have different scenarios for cryptocurrencies

After December of 2017 saw bitcoin at the highest price in its history, $ 19,511 many thought that the following year this issue would continue gaining strength and growing to unimaginable values.

However, during 2018, the opposite occurred because digital assets (mainly bitcoin) began to decline until they had some stability in the middle of the year, something that broke down in the last quarter and that generated a lot of uncertainty and doubts within the cryptocurrency community.

All this phenomenon happened very probably due to the extreme volatility to which they are victims every day, and to the threats of regulation on the part of the American authorities and the different international organizations.

Despite the enthusiasm that blockchain technology has created within many countries and companies, the climate of uncertainty that has been created around cryptoactives has not gone unnoticed.

Individually, each cryptocurrency will have different challenges to face that will go hand in hand with the actions applied by its developers to boost them again, and thus finally fulfill the wishes of many.

The bitcoin

In just over a year, the most important cryptocurrency today has lost approximately 80% of its value with respect to its highest point, all this caused by a wave of regulatory threats and bad comments against it.

Everything points out that in the immediate future the panorama will not change, or at least so says the author Alex Preukschat, regarding the outlook of this 2019.

“Price stagnation will continue in 2019. Whenever there is an overheating phase, there is a period of calm, of stagnation”, Preukschat explains.

This conclusion comes to the writer, taking into account the perception of several experts in the world of cryptocurrencies, who say that during this calendar year bitcoin will not be what it was in December 2017.

However, not everything is bad, it is clear to many that cryptocurrencies are here to stay. The only thing that must be taken into account is a fundamental principle, that in order to obtain different results, different things have to be done.

Preukschat warns that it is expected that many changes will be generated up, something that at the return of two or three years will position the bitcoin above the $ 19,511 inclusive.

Although many fear the regulations towards the cryptocurrency of Satoshi, this would not be all bad since it would secure a position to the bitcoin as “the main cryptocurrency of the future”.

“The financial system is already adopting cryptocurrencies and once there is a clearer regulation, everyone will adopt them,” said Lluis Mas, general manager of the Blockchain Institute & Technology, located in Barcelona, ​​Spain.

Ethereum

The picture of the ethereum looks different, during the past year it was positioned as a great alternative to bitcoin, perhaps due to the attractiveness of its new protocol, which is scheduled to arrive during this month, according to Mas.

“We will see if this implementation goes well, which could improve scalability and cost problems to mount prefabricated applications based on ethereum, or, if it went wrong or there were delays, it could directly affect the price”.

It remains to be seen for the moment what will be the result of this new element and what will be the acceptance of the follower community of the ethereum.

Ripple

Many think that bitcoin is the first cryptocurrency in history but it is not, the ripple is responsible for carrying this title in view of that it is in circulation since 2004. The great difference of the rest is that it is not considered at all ” blockchain-based currency” because it is centralized.

A small group are those who control the ripple, something that makes it much more attractive for entities and states, however paradoxical it may seem.

The banks have turned it into a very useful tool to create efficiency in their banking transactions, according to Mas. “Therefore, whether society likes it or not, ripple is used by some important actors”

Looking ahead to 2019, this currency can present a very interesting behavior in the market.

It is just beginning the year and it remains to wait for the actions of both the entities that plan to regulate the cryptocurrencies, as well as the actions that the developers will apply to counter this and continue being an asset free of the bonds of the laws.

K. Tovar

Source: Businessinsider

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