[2018-12-19] Quinone CEO Backs Bitcoin to Reach New All-Time High by 2019

[Lmaooo]

It’s no secret the crypto industry is not particularly at its most profitable moment. However, despite the dire state in which the crypto market has found itself, there are certain people who believe things will turn around in a big way — a new all-time high, even. Among these is Mike Kayamori, CEO of Quinone, a Japan-based cryptocurrency exchange platform.

Speaking in an interview with Bloomberg TV, Kayamori stated that by the end of 2019, Bitcoin would have reached a new all-time high position. While 2019 holds much promise, 2018 has been anything but promising, as the crypto market has been bearish all year long, with some bullish runs here and there. Bitcoin, which held an all-time high position of $20,000 the week before Christmas in 2017, has been on a steady downward spiral since then.

Kayamori blamed the current state in the crypto market to a lack of newness, saying “there’s nothing new, no catalyst” to propel the market forward. He, however, predicted that things would begin to pick up from next year, particularly in Japan, where Japanese exchanges have adapted to new regulations and the country’s crypto landscape prepares for the entrance of industry players.

CCN | https://www.ccn.com/quinone-ceo-backs-bitcoin-to-reach-new-all-time-high-by-2019/

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[Theb]

For those of you who are interested here is the link of the actual interview of Bloomberg conducted to Mike Kayamori. As usual cryptocurrency news providers are recycling old news as this interview was actually conducted last 2 weeks ago, I really don't know if they are purposely doing this and timing the release of news to the condition of the market but this is actually the wrong way on delivering the news. Nevertheless watching the actual interview you will see that Kayamori is highly intellectual with the market and I agree on some points he made.

[magneto]

I actually doubt that this will happen, even though this bear market is obviously temporary.

Looking back at the 2014/2015 bear market, it did take around 18-19 months before prices started to even recover, and bullish sentiment was injected back into the markets, let alone having a new all time high.

2019 should be similar in terms of sentiment to this year. Markets are still adjusting and correcting, and I don't think that prices are going to move anything but sideways for the next year or so.

Honestly, it's just extremely hard to see any event that would push a complete trend reversal within a year. Perhaps 2020's halving will spark bullish sentiment, but I don't see anything before that.

[btyco]

Japan has led the way in the past when the world needed household electronic devices, they gave us walkmans and hi-fi's, quality televisions, now they can lead the way to the new bitcoin altcoin world

[Kemarit]

Its pretty obvious that a CEO of a trading exchanges will be a perma bull in terms of speculating about the price of Bitcoin. It's still 50/50 next year, we might see some gains, but not enough to push the market to another all-time-high. Investors are getting smarter and gone are the days wherein there's a lot of irrational newbies entering and thinking that they can make a lot of money in short amount of time. Allt-time-high will eventually arrived but I doubt that we are going to achieve it next year unless some big news comes around to turn around this market.

[hatshepsut93]

2019 is too soon, we (probably) haven't even passed the bottom yet, and after the bottom there's usually a long period of stagnation and very slow recovery. Then there's a bull market which lasts a year or two, and only at the end of there's a new ATH. Although after the price has surpassed the ATH of the previous bull run, almost every day becomes a new ATH during a bull run.

[rodskee]

Obviously the bear market is temporary even bitcoiners suffer for a year (2018) because the effect low value
This very great news but always remember time has come to the ATH patience when this comes

[NeuroticFish]

I would not mind if we'll see an ATH next year, but you know, it's easy to predict the future, but it's hard to actually predict it right.
Now that guy has his business in crypto so the more confidence he shows, the better his business could go. So it's not a trusted prediction
If the history is repeating, 2019 could be only something like 2016 was: nice (3x !!) growth, but not as spectacular as 2017 (19x).

[1Referee]

If the history is repeating, 2019 could be only something like 2016 was: nice (3x !!) growth, but not as spectacular as 2017 (19x).

If history is repeating, 2019 will be similar to 2015.

People focus on the all time high to get broken through, but they fail to understand that for those who buy right now it doesn't matter if it breaks through its previous high or not. From current levels to $10,000 is a more than solid return already, and I'm sure that most non long term minded investors will be more than happy with such returns.

Breaking all time highs is just a thing for bag holders desperately waiting to break even. If you're smart and buy at current levels you don't have to wait for $20,000 to break even, you'll be in the profits around $10,000'ish levels. Common sense. That's all you need.