Chinese Analysts Say Bitcoin Bear Market Likely to Continue In 2019

DigitalBank is creating the Future of Confidential E-Banking . No Documentation Needed for Opening Accounts .

The First and Only Decentralized Anonymous Banking System in the World .
The DigitalBank is the safest vault for Bitcoin and Cryptocurrency , more secured than any cold storage option available on the markets . You can finally remain independent of third-parties to own your assets.

The DigitalBank breakthrough , is in the signing of transactions without storing any private keys – making the DigitalBank Account near to unhackable .

 

The Best CryptoCurrency Wallet 2019 :

 https://www.digitalbank.capital/

22 mins ago Chinese Analysts Say Bitcoin Bear Market Likely to Continue In 2019
Chinese analysts expect the current bitcoin bear market to continue in 2019, contradicting the bullish projections of crypto bulls like Mike Novogratz, who predicts that the bitcoin price will hit record highs this year.
“In 2018, bitcoin became an investment black hole,” according to the state-run Beijing News . “Entering 2019, bitcoin prices are still showing signs of decline, and there is no obvious rebound.
For bitcoin’s trend in the new year, pessimism is more dominant.
Xiao Lei, a currency policy analyst, attributed the Crypto Winter to the meteoric price spikes that virtual currencies experienced in 2017, saying such explosive growth was unsustainable. As a result, the market reacted by tumbling.
“The price of bitcoin rose more than 20 times in 2017. That increase is definitely unsustainable,” Lei says. Analyst: Crypto Is a Zero-Sum Game Crypto analyst Huang Liang (pseudonym) calls the virtual currency market a “zero-sum game”. Image from Shutterstock.
Crypto analyst Huang Liang (pseudonym) calls the virtual currency market a “zero-sum game”:
The cryptocurrency market is currently a transaction-driven zero-sum game. The money you earn can only come from the money in someone else’s pocket.
You need to have more [noobs] enter the market and buy it at a higher price. The surge in 2017 was due to the fact that many newcomers entered the market because they were wooed by the new concepts of “ blockchain ,”“smart contract,” and “ICO,” — pushing prices up.
Many inexperienced newcomers are victims of scam artists in the crypto ecosystem. Victims fuel the current market collapse, according to Liang.
Sun Hang, a senior analyst at the TokenClub Institute has a similarly bearish outlook. Hang does not believe that the crypto market will rebound anytime soon because supply and demand are off-balance.
The Chinese government has been vocally anti-crypto and has repeatedly cracked down on bitcoin mining and shut down crypto exchanges, as CCN reported. However, the bans have been unsuccessful, as bitcoin miners still operate in the country. Crypto’s Future Is the ‘Tokenization of Everything’
Despite the dire outlook of some Chinese analysts, American crypto investors like Circle CEO Jeremy Allaire insist that the bitcoin price will rocket over the next three years.
Irrespective of its daily price fluctuations, Allaire underscored that bitcoin has a “very significant role” to play as a scarce, non-sovereign store of value. Bitcoin Price Will Soar over Next Three Years: Circle CEO Jeremy Allaire https://t.co/cJAQFUEzrj
— CCN.com (@CryptoCoinsNews) December 14, 2018
According to Allaire, some cryptocurrencies will eventually die off due to competitive forces. The market is not a zero-sum game. The success of one digital currency doesn’t mean the death of all others.
“I do not think it’s going to be a winner-take-all [scenario],” Allaire said . “We have a phrase: the Tokenization of Everything. We think cryptographic tokens are going to represent every form of financial asset in the world. There will be millions of them in years.”
Featured image from Shutterstock.

The DigitalBank Crypto Vault Device , allows the user to store an unlimited amount of funds without any risk or possibility of loss.
The DB Crypto Vault Device users ,will enjoy the highest level of security knowing that their funds are stored without any potential security flaws.
The DigitalBank Solution is better than any Cold Storage or Paper Wallet
​The Most Secured Crypto Vault on Earth
Ultra Secured Crypto Storage solutions are at the core of all that we do at DB.
Our main goal is finding new and revolutionary encryption methods , that will help build a more secure tomorrow in the Crypto and Banking Industry .
The Fort Knox of Crypto Banking – World’s Most Secured Hardware Wallet
​The DB Hardware Wallet is a separate “isolated” device , Wifi Only , No Ports ,no backdoors .
No need to download firmware updates , not storing any data , including private keys -not transmitting private keys at any time .
100% anonymous accounts : nothing is stored , on any third party servers . DB is the most secure vault for your digital assets. Buy , Sell , Send , Receive and Store bitcoins, and all major cryptocurrencies including all ERC20 tokens , in the safest way available today .
Private keys can never be exposed because are not stored anywhere .
Lifetime Access Guaranteed
​Starting at $ 1800 USD
For additional information contact us at : [email protected]