2019 Will Be Remarkable for the Industry

[Newchanka]

It seems that all the variables nesessary to have a great year has been put in place. Yet the expected surge in the price of Bitcoin isn't happening this year. I think the recent move by Bank of America will act as an important catalyst in what we shall see in 2019. Who else thinks this is bigger than Coinbase and BitGo put together? https://cryptoinfowatch.com/bank-of-america-secures-patent-to-safeguard-cryptocurrency-private-keys/

[charlotte04]

It seems that all the variables nesessary to have a great year has been put in place. Yet the expected surge in the price of Bitcoin isn't happening this year. I think the recent move by Bank of America will act as an important catalyst in what we shall see in 2019. Who else thinks this is bigger than Coinbase and BitGo put together? https://cryptoinfowatch.com/bank-of-america-secures-patent-to-safeguard-cryptocurrency-private-keys/

I really hope so, and also for many manipulators that are waiting for us small fry traders to leave the market wouldn't continue on doing that since we have no plans to leave the market.

[bitcoinrewardowner]

I agree, in fact 2018 has been great for Bitcoin, the price might not reflect it, but the stability of the market has been very impressive. We've hovered between $6000 - $6500 for some time now, this tells me that there is a real core market investment that is holding firm and this includes many stable businesses that deal with Bitcoin on a day-to-day basis. Onwards and upwards from here, 2019 should be a good year for Bitcoin, and with the lightning network just round the corner, things should get very exciting.

[aoluain]

It seems that all the variables nesessary to have a great year has been put in place. Yet the expected surge in the price of Bitcoin isn't happening this year. I think the recent move by Bank of America will act as an important catalyst in what we shall see in 2019. Who else thinks this is bigger than Coinbase and BitGo put together? https://cryptoinfowatch.com/bank-of-america-secures-patent-to-safeguard-cryptocurrency-private-keys/

Im not so sure about this thing with bank of America. I think its just a
patent on another banking service which may not necessarily pertain
to Bitcoin or any other decentralised crypto IMO.

[aad140386]

It seems to me that the growth of the crypto-market will be much more affected by the arrival of new money from institutional investors. Regulators from developed countries can have even more influence on the crypto market. It is possible that in 2019 laws or rules will be developed to regulate cryptocurrency that will be loyal to investors and new ICO projects. In this case, we have a chance to see a new round of growth in the price of all cryptocurrency in 2019. But, unfortunately, I personally do not really believe in it.

[Slow death]

It seems that all the variables nesessary to have a great year has been put in place. Yet the expected surge in the price of Bitcoin isn't happening this year.

The high expectations were created by the analysts and at the time did not provide bases to support the predictions that they made, but as they had already hit on some prediction, the people gave a vote of confidence to the analysts and in the end they were disappointed
 

I think the recent move by Bank of America will act as an important catalyst in what we shall see in 2019. Who else thinks this is bigger than Coinbase and BitGo put together? https://cryptoinfowatch.com/bank-of-america-secures-patent-to-safeguard-cryptocurrency-private-keys/

I am of the opinion that this news is just another news and it will not make a big impact on the price in the future.

[buwaytress]

Well, every year since I properly smashed my face into bitcoin in 2016 has been a remarkable year, really. Sure, the price rollercoaster since was memorable, even if I didn't profit from it.

But everything else? The ways we've transformed how we view and use money. The movements, both social and political, even economic, inspired by Bitcoin. The individuals and the collective. The incredible pace of development, Segwit, now Lightning Network. So exciting to see bitcoin use all this. And those never ending challenges from external factors? The hyped up civil war, the crackdowns from states, the multiple threats from every other coin, and seeing how Bitcoin continues to face them down confidently? Those are every bit as remarkable, if not much more so, than price.

[bittraffic]

2018 still is a remarkable year for crypto. The price didn't go less than $5000 which I think the support are much strong and we can see it today the price is bouncing back up. 2019 will also be remarkable knowing there are new tokens and projects created even in this bear market. The blockchain developers are increasing in numbers adding up the marketcap of the cryptos, 2019 will be great.

[sorrysteve1]

I don't think this is too important news. I agree 2019 is shaping up to be a potentially good year but BoA getting this patent isn't very important to that. It's an almost risk free investment for them, either crypto becomes huge and there'll be a demand for it or it doesn't and they haven't lost very much at all.

[proTECH77]

As a matter of fact, 2019 will be an amazing year for cryptocurrency enthusiast seeing what the 2018 has brought so far. For those who are at variance with speculations and predictions need to have a rethink or they will all miss out. This industry will experience unusual bull again by 2019. 

[Newchanka]

I don't think this is too important news. I agree 2019 is shaping up to be a potentially good year but BoA getting this patent isn't very important to that. It's an almost risk free investment for them, either crypto becomes huge and there'll be a demand for it or it doesn't and they haven't lost very much at all.

However you look at it, issues like this are pointers that positive developments are going on in the industry. Banks that big cannot just be overlooked by institutional investors. That they are indicating interest in patency related even to blockchain is a big deal talk more to cryptocurrency.
The fact remains that virtually all the big players are looking at who dives in first because quite a number of them have not quite gained the confidence neeeded. One of those features needed to boost their confidence is institutional custodianship from big players such as BoA, with that upcoming, the impact is anyone's guess.

[Harlot]

Bro it is just a patent of a company (BOC is just a private company), meaning only their customers can soon avail it as they are the only ones who are allowed to use that technology. I don't know if that could act as a catalyst as it is only affecting their customers which is not that a lot. And another point is if this is a catalyst BTC should be rallying upwards by now after this news went out which didn't happen. Let us not hope to high and jump to conclusions as it might affect your trades in the future.

[dothebeats]

It seems that all the variables nesessary to have a great year has been put in place. Yet the expected surge in the price of Bitcoin isn't happening this year. I think the recent move by Bank of America will act as an important catalyst in what we shall see in 2019. Who else thinks this is bigger than Coinbase and BitGo put together? https://cryptoinfowatch.com/bank-of-america-secures-patent-to-safeguard-cryptocurrency-private-keys/

I don't think that the Bank of America securing a patent on a supposedly open-source thing would help turn things around come 2019, They literally just invented an early warning system if the key storing device was accessed by an unknown entity. It doesn't even sound promising to say the least knowing that securing a private key is already an essential part of working with cryptocurrencies, though I'd give it that as more and more institutional investors flock this market, the more chances there are for the market to boom.

[figmentofmyass]

I think the recent move by Bank of America will act as an important catalyst in what we shall see in 2019. Who else thinks this is bigger than Coinbase and BitGo put together? https://cryptoinfowatch.com/bank-of-america-secures-patent-to-safeguard-cryptocurrency-private-keys/

bank of america has filed more than 50 patent applications covering all different sorts of cases. who knows if they even intend to act on this patent? they haven't exactly done anything with the other dozens that are collecting dust.

some people argue that BOA's patents "were filed to attract press coverage and make the bank appear progressive in the fintech space".

so that's one consideration to make before hyping this too much.

[gentlemand]

Who else thinks this is bigger than Coinbase and BitGo put together? https://cryptoinfowatch.com/bank-of-america-secures-patent-to-safeguard-cryptocurrency-private-keys/

Many, many patents are defensive or speculative and even more never see the light of day. Airbus and Boeing probably have patents for dining while travelling through wormholes. I'll bet most banks have similar stuff if you dig around.

[BitHodler]

though I'd give it that as more and more institutional investors flock this market, the more chances there are for the market to boom.

Institutions are smart players. They can simply choose to softly support the spot market but go big on Bitcoin on the OTC market, which in no shape or form affects the spot market.

Bitcoin's spot market is too thin to buy into for institutions, and there are no financial products offering long term exposure they can buy into yet. An ETF would be great for that, but we all know that the SEC has other plans.

The only interesting part of the article is that it might help legacy banks to provide custodial services, which from there might stimulate them to create their own financial products based on Bitcoin.

[Nowherman]

I believe 2019 will be the key year for the development of Bitcoin, altcoins and the cryptocurrency market as a whole. Recognition of cryptocurrency by the banking and financial communities, the infusion of institutional investors' funds will raise the crypto sphere to an absolutely new level.
I dare to suggest that by the end of 2019 the capitalization of the crypto market will reach 2 trillion US dollars.

[ice18]

I hope that in 2019 more banks are going to support the cryptocurrency as we all know we need banks to process our digital money into fiats and vice versa more regulations will be imposed by each government regarding scam ICOs and digital tokens if this happens more industry will have interest on how blockchain technology will be very helpful in solving their current problems.

[tosmartak]

I hope that in 2019 more banks are going to support the cryptocurrency as we all know we need banks to process our digital money into fiats and vice versa more regulations will be imposed by each government regarding scam ICOs and digital tokens if this happens more industry will have interest on how blockchain technology will be very helpful in solving their current problems.

Well, even though, I have never really been a big fan of trying to imagine what a year would be like and I always like to take every development as it comes, knowing they will come in the long run anyway, considering this is a growing space which would eventually grow more than this, i cannot still help to use now to judge the possibilities of some pretty good decisions being made in coming years, with 2019 possibly ushering them in, which would probably be leading us to the level of mainstream adoption. I guess we will just have to wait and see anyway.

[sorrysteve1]

I don't think this is too important news. I agree 2019 is shaping up to be a potentially good year but BoA getting this patent isn't very important to that. It's an almost risk free investment for them, either crypto becomes huge and there'll be a demand for it or it doesn't and they haven't lost very much at all.

However you look at it, issues like this are pointers that positive developments are going on in the industry. Banks that big cannot just be overlooked by institutional investors. That they are indicating interest in patency related even to blockchain is a big deal talk more to cryptocurrency.
The fact remains that virtually all the big players are looking at who dives in first because quite a number of them have not quite gained the confidence neeeded. One of those features needed to boost their confidence is institutional custodianship from big players such as BoA, with that upcoming, the impact is anyone's guess.

I wouldn't have said it's negative news, and in fact agree with everything you've said. I just think that the significance of it is very limited. It may be an indication of strength to some investors but very few are going to be pushed from not investing to investing just based on this alone.