Bear markets can get boring, so CoinSpice.io Executive Editor Hayden Otto decided to join Andreas Brekken and Blake Moore of Shitcoin.com in Sydney, Australia, where they discussed bitcoin predictions for 2019. These three are immersed in the ecosystem as prominent traders, pundits, and developers. Otto’s videos are always worth watching, but viewers might be surprised by what he, Moore, and Brekken have to say.
Bitcoin Price Predictions for 2019
Andreas Brekken, CEO of Shitcoin.com, believes more scams will be latched onto in ways the space cannot exactly imagine at the moment, reminiscent of the initial coin offering (ICO) phenomenon. Brekken, also known for having operated one of the biggest Lightning Network nodes on Bitcoin Core (BTC), isn’t completely sour on the ICO idea in theory. There has to be a way toward less barriers to entries for investors while finding a sweet spot to avoid ICO disasters, Brekken explained.
Brekken recently shut his node down, however, eliciting cheers and jeers from around the space. He simply found the technology interesting and wanted to try it out, but it became uneconomical at some point.
His predictions for the new year are especially interesting as they relate to BTC’s price and the relative percentage of Bitcoin Cash (BCH).
ShitSpice? SpiceShit? A Match Made in Crypto Heaven
Moore, also of Shitcoin,com, and Otto chime in with their respective thoughts on the current state of the space. Moore believes crypto could very well benefit from censorship controversies by platforms such as Patreon.
Indeed, upstarts such as BitBacker.io have sought fill censorship voids by offering immutable, censorship-resistance using the Bitcoin Cash blockchain, for example. It could really turn into a use case as more users feel monitored and overly minded.
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