Crypto: What I expect of 2019 after Consensus Invest 2018

Quotes of the event.

“Bitcoin would shine when the next financial crisis arise!”

“What’s we are seeing is the normal circle of everything human work. After so much enthusiasm we sure would see overconsumption correction and soon after overproduction correction.”

After listen most of the Consensus 2018 talks, what I concluded is that the market WILL NOT DISAPPEAR and that the market is preparing itself to a BIG NEXT STEP.

As the already known startup cycle of work, we are too on a cycle of make, learn and improve. So we are now on a learn-improve part of the loop.

My summary so far.
The big fall of 2018 was like the internet bubble in the 1990s. It worked to clean and mature the market of so much FOMO and FUD, and (unfortunately) many adventures seeking easy millions (with the purge of projects that lost 99% of value and no deliveries — and with that leading to the improvement of investors in how to select and invest in ICOs and project).

No that lots of projects that do not succeed don’t contribute to the beginning of this revolution, but now is necessary to put more professionalism effort on the table (from governs and the market) and to mature the market in general (and with that attract greater investments for the future).

The crisis we are now.
In 2018 we struggled with technical problems, and had to deal with scalability, stability and the velocity of the networks.

Now, after lot of effort and projects later, we need to improve real user case products, transparency and credibility on the market to next step (that will bring more organic use too).

And that was the most spread idea in the event. We are on a moment that is needed market standards and self-regulation to improve trust. And what is good, I saw not just nerds and enthusiasts, but financial market especialists, representants of big institutions , biggest players agreeing each other on that.

Some good insights I take notes.

Market organization
Not only SEC is interested in organizing the market, but also the institutional players and investors are organizing themselves to make the market more professional (and they know what is work with regulation requirements from startups market).

They have this interest because its is a necessary step so they can offer crypto to their traditional clients, that usually consumes stocks, options, gold, traditional currencies, etc.

The market must be bigger to attract some institutional investors
Some big investor are looking for more volume and big offers on exchanges (and other conditions as professional products) to consider viable or interesting put more money on crypto.

It’s because the business they are used to have a bigger size than most exchanges volume of transactions today.

By other side the opinion of some investors on talks are that the market is evolving in a fast speed in this way, for example, with some good OTC desks appearing and, of course, the ETFs.

About coins and STOs
We must see in 2019 the growth of stablecoins and STOs.

In the end of 2018 we already saw the born of more stable coins, that works as the name tells. They are bound to dollar price, or other fiat, and give an alternative to the volatility of other coins without lose the decentralization and peer to peer transaction ability.

Venture Capitals are investing on Blockchain Companies (1.3bi on 2018), mostly on root project for the new technology. And STOs (security token offering) must became more popular as an alternative of ICOs to professional financing of good projects (and maybe we can see a boom on this type as ICOs on 2019 too).

Growth of Proof of Stake
We already have, but will see the growth of POS — Proof of Stake as an alternative to POW — Proof of Work, what changes the commitment with hardware for commitment with money. That because POS solve some problems as the energy used to POW, allows everyone to ‘mine’ and prevent some technical problems as 51% work attack.

Reflexion point!
If the crypto was created as a decentralized money, in which the people have control of their wallet and investments, why everyone is so excited about ETF (the future market) and all this institutionalization on this market.

It could not screw all the fun or ‘revolution’ on it? Well, this is a question for the next next big step!

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Want to understand more about what will be of the blockchain projects and the cryptocoins market in 2019.

Watch videos of Consensus 2018, the event that discusses the future of this market.

Consensus: Invest 2018 - Videos - CoinDesk

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Fabio Ramos

Trader and advisor in Blockchain and Cryptomarket (Portfolio, ICOs, Staking)

SnowFox Tech — Brazilian Business Developer

LinkedIn: https://www.linkedin.com/in/fabiolramos/

Telegram: @fabio_lramos | Twitter: @fabio_lramos | WeChat: FDLR172635477