2017 was the year of ICOs and 2018 was the year of exchanges and stable coins. What is the trend of 2019?
The stock market seems to be experiencing more destruction this year. We must understand that the stock market and the crypto market is closely related to financial management institutions or banks, so far crypto and stocks have survived between two different government regulations or policies (both under pressure).
The stock market is very dependent on other market instruments, such as other stocks, equity, banks, etc. But bitcoin and cryptocurrency are not dependent on this, other than the trust of the users. Now, if we believe that the cryptocurrency's performance is like that, why does crypto's growth feel so difficult to realize, IMO this certainly's inseparable from the attitude and behavior of its users, for example:
- Until now there are still many crypto users who are still easily affected by poor media coverage and FUD.
- Crypto manipulators are allegedly still playing here, this assumption ultimately weakens the trust of the public and users, against crypto currencies.
- The hope of getting instant profits is very high. I'm very sure, this kind of hope can actual make someone easily ignited by emotions, especially when prices decline even though the price only falls slightly. No wonder, if in the end the user character like this's very easily carried away by the current of panic.
- Etc.
Well if the stock market's destroyed, of course many investors will look for other alternatives that can benefit them for example the crypto market. Understanding the situation and conditions of the stock market, I think it's almost the same as the crypto market, so it is possible they will make the cryptocurrency market as their new land in seeking profits. If this can happen, maybe the trend this year will be the 'biggest trend' for the growth of cryptocurrency.