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2019: The Year After the Crypto Market Crash and Investor Greed
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Investor Greed 2017
It’s no secret that investor greed and FOMO (fear of missing out) in the latter half of 2017, drove Bitcoin and other altcoins to all-time highs. No one knows for sure, but it’s estimated that 35 million+ investors/risk takers fueled the crypto boom. Did you invest?
2018 Crypto Market Crash
This year has been hell-on-wheels for traders and hodlers too. With the majority of the crypto market seeing losses of up to 95%, many have jumped ship. Those that were thinking about getting into the game, now just believe – maybe it was just a scam. What is your view?
Is FUD Driving Market Prices Down?
The past years seemed like a flood of FUD (fear-uncertainty-doubt) in the news. We heard about exit scams (coins and exchanges), 51% attacks, IRS, hacking and SEC regulations on exchange-traded funds (ETFs). Oh, I forgot to mention mass coin de-listings from major exchanges. Geez Louise
Easy Access for the Masses Being Built Now
Even with investor sentiment and prices at all-time lows – money is still flowing into this new asset class at a record pace. If this is the end of Bitcoin, what do they know that we don’t?
Not only are exchanges like Coinbase, Binance and Gemini building institutional-grade custodial infrastructure, but so are traditional market players like Fidelity, Nasdaq and the London Stock Exchange.
Other big players like Intercontinental Exchange (ICE) are showing more than just interest by building easier on-ramps for the masses to enter the market. When this happens, a market of 35 million worldwide investors could explode to 350 million. Is the potential worth the risk?
Huge Institutional Investment Increasing
While retail investors are panic-selling their Bitcoin, institutions are buying on OTC exchanges, which could explain why the price is still seeking lower lows. Meanwhile, traditional venture capital investment has grown over 280% since 2017.
What’s Next for This New Digital Asset Class?
Wall Street missed the first digital asset run-up and watched big players like Coinbase and Binance make billions off fees. Do you think they will miss the next? In my opinion, 2019 may see slower but more steady growth without all the crazy FOMO of 2017, or the FUD of 2018, for that matter. What’s your take for 2019 and beyond?
Robert Connor Aviation technician by day/blogger by night. In my spare time I love to read and write about technology and how it will change our everyday lives. When autonomous vehicles talk to each other, will we still need traffic lights?
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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