The crypto industry is going through a hard period. The crypto community have so many question, e.g: “What will happen to the crypto market next?”,”Is it worth selling BTC?”. Well, only the experts can answer on this questions.
Mati Greenspan is a member of Business Insider, he is often cited by financial media, a regular participant of investing.com, FX-Street, hacked.com and etc., co-author of “The Complete Guide to Fintech, Trading, and Investments”.
He will be our financial guide in the latest events in the world of cryptocurrency.
Good day, Mati! In your opinion, the collapse of the crypto market and subsequent investors’ financial losses in October-November 2018, is it a sudden phenomenon or is it just certain historical events which lead to this end?
Hi Coin Shark. Thanks for having me. Actually, I’m pretty sure this is just a continuation of the pullback we’ve been seeing throughout the year. The break below $6,000 per bitcoin was a serious psychological blow as the barrier that was holding up for months was broken quite suddenly.
Do you consider cryptocurrency more like an investment tool or do you really envision the near future, in which we will be able to buy a Coca-Cola for BTC in a store at any place on Earth?
Great question! Bitcoin specifically is a form of global money and the levels of awareness and adoption is growing at a rapid pace but what we’re talking about here is programmable money.
There are many different types of cryptos that serve many different functions. As we go forward, more types of crypto assets will be developed. Some will be designed for investment purposes and some will be more practical and some may serve functions that we haven’t even thought of yet.
In your view, do cryptocurrencies have any real value?
Yes, of course! They’re worth whatever the market is willing to pay for them. Some will rise in value and some will fall.
Which new cryptocurrencies (that appeared in 2018) do you consider to be worth investor’s attention?
2018 saw a lot of new stable coins hit the market, which is a trend that might not be exciting for to-the-moon investors but it is worth watching closely. We need to think of these new stable coins as digital versions of their fiat counterparts. This will pave the way for the next level of tokenized assets that is coming soon.
Briefly, what does a cryptocurrency investment portfolio look like? What are the main rules for investor not to lose all their money?
Just one rule. Diversification!
Not just crypto either. There are all kinds of investments you can make. Stocks, commodities, currencies, ETFs. The more you learn about different types of markets the better off you’ll be.
What is your personal forecast for the financial world in 2019 in general and for cryptocurrency in particular?
This last year was extremely volatile and even a bit harsh for many different assets including stocks, crypto, commodities, and even currencies. There’s fair a possibility that this could continue into next year but I’m hoping that things will relax and regain composure by the second quarter of 2019.
We’ll see how it plays out.
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