December 19, 2019
The year of crypto 2019 is coming to an end and it’s time to look back.We chronologically summarize the significant events and show the decisive developments which influence the crypto industry and which could be important for your investment strategy.
Whether it’s the price of Bitcoin (BTC) or the mixed situation at IOTA, be it IEOs in Binance or the Facebook Libra announcement – the year crypto 2019 was anything but a smooth flowing river.There have been PR stunts from big names on the scene like Justin Sun and belly landings like those from Julian Hosp, disappointments and glimmers of hope at Ripple (XRP) and many others at marvel, which influenced the markets of the cryptographic year 2019.Our review of the year does not pretend to be complete, but it shows the main lines of development in chronological order.
January 2019 On January 1, 2019, Bitcoin (BTC) was trading at around $ 3,600 and the overall market was in the middle of the crypto winter.With Bitcoin miners like Bitmain, the situation leads to massive layoffs, mainstream mass media already want to declare BTC dead.
Binance cryptocurrency exchange surprises with the announcement that despite the general downward trend, it believes in the launch of new cryptocurrencies.It is announced that a new Altcoin will be launched on Binance using IEO once a month if possible.The first token to be promoted is BitTorrent (BTT), a project promoted by TRON, which aims to monetize the file sharing service.Even if the project is perceived in a very skeptical way by certain parts of the experts – Binance sets off a trend with its IEOs and manages to find investors for a total of nine new cryptocurrencies via its dashboard in 2019.The IEOs have turned out to be very lucrative for investors, as they were all oversubscribed and generated immediate profits of up to 1,500%.
Regarding hardware portfolios, the manufacturer Ledger presents Leger Nano X with its new high-end model.The technical innovation is the installation of a Bluetooth module, which facilitates the connection of this Ledger hardware wallet to smartphones and remains unique to Ledger Nano X between hardware wallets until the end of l & # 39; year.
Julian Hosp is gunned down on TenX and soon after, it turns out that he had sold TenX payment tokens for a six figure high sum before his release.The suspicion of insider trading is obvious and ultimately makes former German crypto star Julian Hosp a terrible child.He has also been charged with pyramid schemes in the past.Ripple (XRP) is satisfied with more than 200 institutional clients, but the price of XRP is stagnating.
The reason: most customers only want to use RippleNet and show XRP the cold shoulder as an integrated bridge currency.At Ethereum (ETH), the Constantinople upgrade, which is actually considered the norm, becomes a shake and must be postponed until the last second because it contains security vulnerabilities.Ultimately, the amicable hard fork Constantinople at Ethereum will not take place before the end of February.With a hacker attack on the New Zealand crypto exchange Cryptopia, the year of crypto 2019 is experiencing its first clear reminder why it is not a good idea to store your crypto credits elsewhere than on your own hardware portfolio longer than necessary.In the United States, it seems that Bitcoin ETFs are not yet eligible.The VanEck and SolidX consortium withdraws an application.Meanwhile, the Bakkt project with Bitcoin Futures believes in its approval and can raise $ 180 million in a first round of funding.
February 2019 BTC is stagnating with prices below $ 4,000, even with significant altcoins, memories of all-time highs from the start of 2017/18 are slowly fading.The atmosphere corresponds to the winter weather: cold and gray.
What initially appears to be a tragic incident to the Canadian encryption platform QuadrigaCX makes customers fear for their sales.The boss of QuadrigaCX would be dead and the passwords of the wallets would have disappeared, it is said at first.It quickly turns out that in reality a large-scale exit scam was carried out at QuadrigaCX.Famous Craig Wright once again claims to be behind the pseudonym Satoshi Nakamoto and invented Bitcoin.
But lies have short legs, his alleged new evidence turns out to be false.The Berlin federal government is putting the blockchain strategy on the agenda for the first time.Throughout the year, there will always be various political statements about the crypto industry and the development suggests at least: Bitcoin and Co.have become too important to be ignored by monetary policy.As in January, IOTA received various reports on new cooperation partners, this time a pilot project can be admired in Taipei, which is to make the Asian metropolis a smart city.But IOTA’s course is faltering, as with Ripple, technology is in demand at IOTA, but not Altcoin.After all, Ripple’s XRP may be happy to be listed on Coinbase Pro first and a little later on Coinbase Standard.
This will potentially open up new groups of investors.Fraud involving Trezor is known in the Hardware Wallets division.For you as an investor, it is more than a pointer to buy only hardware wallets directly from manufacturers and make a wide circle around resellers and windy offers.
March 2019 Facebook is still not commenting on rumors of a planned stablecoin, but reports in the U.S.media have not been denied.During the cryptographic year 2019, Facebook Libra becomes a decisive subject.At Binance, people are satisfied with a record level with their own Binance Coin (BNB), which is gaining in importance thanks to IEOs.The principle of a reduction token will be copied several times by other crypto exchanges in 2019, but the success of the original BNB is never even close.
During the current crypto winter – BTC is trading at around $ 4,000 throughout March 2019 – financial service provider BlockFi launches attractive offer to secure 6% interest on savings in BTC or ETH.Here too, there will be a trend over the course of the year as more and more market players are considering the option of temporarily storing unused crypto funds at fixed interest rates .By March 2019 at the latest, wash trading will become a certainty on many cryptographic exchanges.Several independent studies on the subject confirm that there are artificially inflated sales on a large number of trading platforms.For you as an investor, this means: Stay away from small crypto exchanges, you will be seriously served by big providers such as Binance, Coinbase and eToro.Stablecoin Tether (USDT) is shocked by the announcement of the abandonment of 1: 1 hedging through US dollar reserves.The story is supposed to become a commercial thriller.
Ripple strikes that six-figure robots are supposed to advertise XRP on social media.
The attempt to find a buyer for a symbolic project called Sponsy on eBay is fun.Speaking of laughing numbers: Sunnyboy Justin Sun is struck by the fact that he wants to draw a Tesla in a public relations campaign for TRON (TRX) and Tether.But the lottery has been manipulated.
April 2019 IOTA opens in April 2019 with the news of the resignation of board member Ralf Rottmann.In South Korea, the Bithumb crypto exchange deplores the loss of the equivalent of just under $ 20 million as a result of a hacker attack.How was it again with physical portfolios as investor protection? Bitcoin can expect significant price gains in early April and is pulling significant altcoins in its uptrend.
At the end of April, the BTC was trading at around $ 6,000, and the crypto winter seems to be coming.
On Facebook Libra, it is disconcerting that Facebook is looking for venture capital and does not want to pursue the project alone.With major investors, Facebook Libra needs to be expanded.Bitcoin SV (BSV) is listed on Binance and other leading crypto exchanges due to the erratic behavior of Craig “Satoshi” Wright.But anyone who thought that BSV would disappear into insignificance was wrong.
BSV even experienced significant price increases and was up sharply year-on-year in late 2019.A sensational study on front-running on decentralized cryptographic exchanges shows that the so-called DEX are by no means more fair than centralized platforms.A good memory of you as an investor: keep your eyes open when choosing the preferred crypto exchange.Tether and the closely linked crypto exchange Bitfinex can no longer keep their at least strange transactions secret, the New York prosecution is opening an investigation.IOTA has received a lot of public attention for a project with the automaker Jaguar Land Rover.
The vision: drivers are paid for the automated provision of traffic data in IOTA and can then use it for parking costs or just for coffee in between.At EOS, going it alone with the big block producers causes boredom, the idea of planting blocks under democratic control is materialized in nonsense.
May 2019 The problems at Tether are becoming more and more evident, only 74% of all USDT are actually guaranteed by US dollars.Meanwhile, the brotherly crypto exchange Bitfinex wants to break free from the predicament by launching its own cryptocurrency LEO.In fact, Bitfinex apparently managed to raise $ 1 billion for LEO.In short: Justin Sun talks about cooperation with the glorious football club Liverpool FC – but at the club with coach Jürgen Kopp, no one knows anything about such a project.
But these embarrassments don’t seem to bother Justin Sun long in his efforts to push TRON.Hacker attacks: this time it even hit Binance, BTC for the equivalent of about 42 million dollars was lost on the course at that time.
Binance, however, responds in an exemplary transparent manner and can fully compensate for losses to clients through its SAFU fund.An internal report reveals that many white papers on cryptocurrencies are barely worth the paper they are printed on.Bulky copies and simple concatenation of buzzwords are therefore common practice in the crypto industry to convince investors in the unregulated market.
Bitcoin crosses the $ 6,000 mark and BTC quotes more than $ 8,000 at the end of May 2019.A bull market is emerging and the mood is rising.
IOTA hopes that the coordicide will soon be implemented.The goal of the Tangle network is to get rid of the flaw of not being a decentralized blockchain at all.But the fact is that at the end of 2019, the IOTA coordicide did not really come close.
In fact, we now know that, under current plans, there will be no coordicide before the end of 2020.One wonders if this plan can be followed.
June 2019 Nothing except expenses? At EOS, an event announced with great fanfare becomes a future disappointment strategy, the price of EOS is falling.Later in June, observers rub their eyes as EOS spends only $ 30 million on the domain name Voice.com.A decentralized social network is supposed to set up there, but the voice of EOS remained silent thereafter.
Also in the “Only in the Cryptography Industry” category: TRON CEO Justin Sun wins a meeting with investment legend Warren Buffet $ 4.567 million on the table.
Justin Sun must cancel the scheduled July appointment, allegedly due to serious health problems.In fact, most observers believe that Justin Sun, with his boastfulness, had overstepped the patience of Chinese leaders and was backing away.The fact is that the lunch with Warren Buffet, which was hailed as a summit, during which Justin Sun wanted to convince the anti-cryptic buffet to change its look, did not take place in 2019, but the Money should always have been donated to charity as agreed.Bakt Bitcoin Futures is more serious, because the announcement, in July 2019 (https://block-builders.de/projekt-bakkt-testphase-fuer-bitcoin-futures-startet-am-22-juli/), finally a test phase to start is really followed.Ripple is trying to get XRP for free by joining MoneyGram.A total of $ 50 million will go from Ripple to MoneyGram, which in turn commits to using XRP for cross-border transfers.
In the short term, this helps the XRP course, but the magic wears off quickly.
Facebook Libra is officially made public and the consortium behind which names such as Mastercard, Visa, Uber and eBay participate, is particularly remarkable.The project is now under political observation and it quickly becomes clear that the main industrialized countries see their monetary monopoly endangered by Facebook Libra and Facebook Libra is by no means the assured success that some could have hoped for.Things are better at BTC, the price of $ 10,000 is apparently taken effortlessly, and BTC even crosses the mark of $ 14,000 in June.Some analysts are already dreaming of unprecedented highs above $ 40,000 per Bitcoin.
Margin trading, i.e.leveraged cryptocurrency trading, is now also possible at Binance.As an investor, you know, of course, that margin trading increases your risk and your chances of winning remain a game of chance without reliable basic knowledge.Even more important: Algorand (ALGO) will launch in June 2019 and raise hopes that a new superstar among cryptocurrencies will develop here.
But even if ALGO is quickly listed on major crypto exchanges such as Binance and Coinbase Pro, the initial hype quickly turns into tragedy.ALGO crashes and became a disappointment to investors in late 2019, with no realistic idea of a bailout.
July 2019 In July 2019, Germany begins to think that the Bundestag parliamentary group CDU / CSU presents a largely progressive position paper on the blockchain strategy planned by the grand coalition.But the advanced laurels of the crypto industry are premature – when a cabinet decision is really made in Berlin in September, the practical generation of politicians has long been dismissed, even if they belong to the same party as Chancellor Angela Merkel.Also from politics: US President Donald Trump shoots cryptocurrencies on Twitter.And even if its omissions are not initially taken seriously by everyone, there is a veil on optimism that official America could lead an open course in terms of Bitcoin, Facebook Libra and Co.
Third, monetary policy: Christine Lagarde, who will chair the European Central Bank, is considered to be crypto-friendly.Since then, Lagarde has practically not presented him with any performance encouraging him to understand the advantages of digital currencies and not only to consider them as a threat to the conventional monetary system.At IOTA, the Trinity portfolio is finally an officially supported portfolio from the beta phase.IOTA skeptics judge what inspires IOTA fans differently.The Trinity is long overdue and indicates the speed at which the IOTA crushers molt.Meanwhile, Coinbase competitor Binance has hit the headlines for the company’s two-year anniversary by forgoing one billion BNB dollars and burning it to support and fight inflation.It’s good for the BNB and it will be a secret star in the smart investor portfolio throughout 2019.
Was it the summer heat that led Vitalik Buterin to come up with a totally surprising suggestion to use Bitcoin Cash (BCH) as a supplement due to the difficulties of scaling up the Ethereum blockchain? We don’t know, but Buterin’s preposterous advancement scratches his image and shows how controversial the move to Ethereum 2.0 is.The difficulties of IOTA in July 2019 can only be attributed to the mid-summer temperatures.With Sergey Ivancheglo aka Come-from-Beyond / CFB, another eminent chef leaves the IOTA Foundation and in terms of coordicide, you have to admit that you are walking on the spot without outside help.
August 2019 Continue with IOTA in the summer of Europe: the discussion on Coordicide finally leaves the factual framework, the Tangleblog in German language attacks the famous security researcher Sarah Jamie Lewis under the belt by the bias of the founder Steffen Vogt aka Limo.When Limo announced a break to think about his tangled blog and apologized, he may already have known he had gone too far.In any case, at the end of November, he announced the end of Tangleblog and as he explains it frankly, let us not forget that he was able to describe IOTA from the outside in better moments.Bakkt Bitcoin Futures is officially approved and has a start date of September 23.But the BTC itself weakens again and leaves the comfort zone with less than $ 10,000.The exit scam at PlusToken and gullible German investors are also concerned.
The total loot of the alleged PlusToken official is expected to exceed $ 3 billion.The trick: again a pyramid scheme, which is based on acquiring new customers and promises of unsustainable profits.The euphoria surrounding Facebook Libra begins to crack, the consortium collapses.What emerges from knowledgeable circles in August 2019 without specific names is then confirmed in October.With PayPal, Visa and Mastercard, the three most important partners in the financial sector are leaving the alliance behind Facebook Libra.One reason: regulators around the world are mobilizing their reservations about a stable private balance organized with potentially billions of users.
September 2019 Binance lives up to its reputation as the first crypto exchange and launches two new offers, Lending and Bitcoin Futures, which have been requested and well received by customers.There is a recognizable trend: customers of crypto exchanges want to receive more services from a single source than just daily trading.Ripple’s critically regarded sales program, with which the foundation is automatically allocated 1 billion XRP each quarter and which, in most cases, also brings in some of it, explodes investor necks.
Artificially induced inflation at XRP must be stopped immediately, otherwise you want to become independent through a hard fork, requires a petition which is well received by the Ripple community.Ripple’s payment of 100 million XRP to co-founder Jed McCaleb increases fears of impairment at Ripple.
The first signs come from China that the Beijing government is rethinking its anti-crypto position and would rather become a pioneer of the state.The Chinese central bank could launch an officially supported stablecoin in the near future, it is said.
The futures on Bakkt Bitcoin are actually starting, but the first week of trading leaves some disappointed faces.
The expected rush of institutional investors for the financial product in a regulated environment does not initially appear, but Bakkt will slowly accelerate in the coming weeks.IOTA sees an opportunity to bond with the open-source Linux star and announces further cooperation.In this endeavor, Linux is the much stronger partner, which will really develop from the cooperation for IOTA will not be visible until 2020 at the earliest.The price of Bitcoin slips back below the symbolic $ 10,000 mark in September and, as usual, leads the majority of the main altcoins in the negative movement as the main currency.Although there is no indication of a drastic cryptographic winter like the previous year – hopes of new all-time records for 2019 have also been dashed.With a smile: Kim Dotcom wants to launch a K.im as a new cryptocurrency at Bitfinex.Exactly: the “Kimble”, of German origin, who probably took millions of dollars with file sharing services and usually only scoffs at copyright.
A few weeks later, the project is postponed, fortunately there is no IEO.
October 2019 Binance keeps pace with its user-friendly innovations and aggressively demonstrates the subject of staking.The entry of Staking into TRX via Binance is spectacular, as the crypto exchange immediately becomes TRON’s most important super node for the benefit of its customers.In total, Binance already offers the simple implementation of customer credit for a dozen cryptocurrencies which will make it possible to stake out at the end of 2019, thus differentiating itself positively from its competitors.EOS can look forward to a dispute with the powerful US Securities and Exchange Commission.
For the controversial EOS ICO of 2017/18, in which $ 4 billion was raised, Block.one, as the company behind EOS, now only pays a fine of $ 24 million of dollars.
In 2019, Tezos (XTZ) also managed to break the courts of the trap that threatens the United States if a project is classified as a security token, then has experienced some sort of return.In other cryptocurrencies, the Damocles SEC sword is still oscillating, the popular example is Ripple (XRP), as shown by the reviews of the newly created Crypto Rating Council.
Another example of the power of the SEC is the TON case, an altcoin developed by Messenger Telegram which has grossed at least $ 1.7 billion in pre-sales.
But TON (Telegram Open Network) will not be traded on any major crypto exchanges until the end of 2019, as the SEC clearly vetoed it before an official launch.As a trend, the United States will become dangerous ground for parts of the crypto industry if the SEC flexes its muscles due to the risk of substantial fines.There are positive things to report from IOTA in October 2019: the coordicide has made minor progress and the American branch of Binance has released IOTA from the temporary misery of no longer being traded on cryptographic exchanges approved in the United States.The German encryption platform Bitcoin.de also lists IOTA.China is officially doing what has already emerged: when President Xi Jinping orders his giant empire to lead the blockchain revolution, the BTC rate increases briefly.Behind the scenes, however, it also means a Chinese cleanse, even industry giants like Binance seem to be having problems with their plans for the Middle Kingdom.
The Beijing embassies point in the direction: Anyone who wants to get involved in the cryptography industry in China must respect the rules of the Communist People’s Republic, uncontrolled growth is no longer tolerated.
November 2019 The idea of a digital euro, which is responsible for the stable currency of central banks, has been around the room for some time.In late 2019, the voices of weight are louder, demanding that the idea quickly become reality.The German banking association, for example, is campaigning for an e-euro and a little later, France is already announcing a test for 2020.Since the President of the ECB, Christine Lagarde, can also benefit from such plans, chances are good that a digital euro is coming faster than expected.It is probably Facebook Libra as possible private competition that has energized the dossier.From the series of self-proclaimed German experts in crypto with a penchant for unfair deals: Jörg Molt is targeted by the crypto scene because he gave birth to Bitcoin as an inventor, but in reality , he is probably taking advantage of investor confidence as an imposter.
Harald Seiz is not much better than the brain behind KaratGold (KBC), whose promise of gold-based Altcoin was first mentioned by the Federal Financial Supervisory Authority (BaFin) and the prosecutor, among others.
In short: Binance enables margin trading for IOTA and makes IOTA exciting for day traders.Block.one, as the initiator of EOS, exercises the right to vote and thus says goodbye to the role of an impartial body.Ripple is happy because the transfer service provider TransferGo 2020 wants to use XRP.
December 2019 Shortly before the start of the year, the news situation from the world of Bitcoin and Co.calmed down.The massive staff cuts in Lisk (LSK) are an example of the fact that the gradual fall in prices of BTC, which leads to less than $ 7,000, causes difficulties for the whole sector.A 51% attack on Vertcoin (VTC) is also exemplary.During the year, such attacks also occurred on Ethereum Classic and Bitcoin Cash.
The lesson for you as an investor from this: the risks of 51% attacks are not abstract, but such scenarios are also implemented in the case of low capital cryptocurrencies.A drop in prices at MATIC makes it clear: small cryptocurrencies tend to be quite helpless when it comes to playing in the market in an emergency; in this specific case, a largely positive project loses its nimbus, similar to ALGO before.
Conclusion: looking to the future with knowledge of 2019
We would like to expressly encourage you to draw your own conclusions from the events of the 2019 cryptographic year.However, we are allowed to make predictions for 2020: Binance has consolidated its role as the world’s first crypto exchange.CZ and its team have managed to outrun the competition with innovation in 2019 and at the same time strengthen the BNB.
Recently launched crypto exchanges abound in 2019, but none of them have emerged from their childhood so far.Ledger has set the new standard for hardware wallets as essential equipment for crypto investors with Nano X and features like staking leave Trezor’s competitors behind.The discussion on international stable coins launched by Facebook Libra is driving state monetary policy, an e-euro seems at hand and a similar model could also be launched in China.Whether Facebook Libra is really launched in 2020 is doubtful.
But as a plus, it remains in all cases: cryptocurrencies as a logical alternative to Fiat are no longer a niche subject, but are established in the mainstream.Hoaxes, hacker attacks, 51% attacks, questionable ICOs and similar nasty side effects in the growing crypto market can also be expected in 2020.A regulated environment, sensitive legislation and, finally and above all, physical portfolios offer private investors a certain protective barrier.Are institutional investors entering the large-scale cryptography market? The often-expressed hope did not materialize in 2019 despite Bakkt Bitcoin Futures, fresh capital as a price driver has so far been largely lacking.
Dans ce pays, les banques classiques pourraient énormément pousser l'achat et la vente de BTC et d'autres crypto-monnaies pour les particuliers après un changement de loi – mais si elles le feront? Les banquiers qui pensent de manière conservatrice ont peur des grandes fluctuations de prix, que ce soit dans la banque de détail ou le trading institutionnel.La date à laquelle toute la scène cryptographique attend en 2020 est le bitcoin réduit de moitié à la mi-mai.Les prévisions supposent une course à la BTC dans l'environnement temporel et considèrent les objectifs de prix de 40 000 $ à 100 000 $ par BTC pour 2020 comme réalistes.Mais 2019 a également montré que de nombreuses prévisions sont trop à court terme.Des études et des analyses plus larges et à plus long terme ont beaucoup plus de charme, elles séparent la balle et le blé de manière durable.
À ce stade, bien sûr, nous ne disons pas au revoir à l'hibernation, mais nous vous tiendrons au courant de ce qui se passe avec Bitcoin, ses imitateurs et l'industrie de la crypto en général.Au lieu d'un mot de clôture provisoire: la CTB a plus que doublé sa valeur de marché depuis le 1er janvier 2019 et a même plus que triplé entre-temps.
La CTB a surperformé la majorité des autres opportunités d'investissement.
Si vous n'avez pas encore de bitcoins, vous pouvez les acheter sur eToro pour des euros.Vous pouvez découvrir comment cela fonctionne ici.
Avec un levier, vous pouvez échanger des Bitcoins sur BitMEX (1: 100), comment BitMEX fonctionne, vous pouvez le découvrir ici.Si vous souhaitez investir votre Bitcoin et recevoir jusqu'à 8,6% d'intérêt, vous pouvez le faire chez BlockFi.
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