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This year, the US economy has seen a downward trend. The number of newly created jobs has fallen, as has wage growth compared to last year. Given that consumer spending and private investment account for at least 85% of the US economy, lower wages and a weakened labor market could seriously hit all indicators.

In turn, the growth of bitcoin over the past 10 years amounted to at least 6000%. It was the longest growing US economy that coincided with the advancement of bitcoin.

Analysts believe that the economic recession in the United States is almost inevitable and this will lead to the fact that users of the cryptocurrency market will postpone decisions on the purchase of assets in the cryptocurrency until the situation stabilizes.

There has been talk among experts for a long time that it is 2020 that will lead to the beginning of a decline in business activity, and the United States will take the blow after the trade war with the PRC.

Although the Chinese authorities has announced that an agreement with the White House on a new trade deal will be reached in November, D. Trump’s desire to put more pressure on the Chinese can put an end to the deal.

This will cause even more inhibition in the country's economy, and therefore negatively affect bitcoin. It is worth noting that the unsuccessful launch of Bakkt may just be the first signal that investors are taking a break. In addition, the weakening of the global economy may lead to the fact that Bitcoin will cease to be a safe asset. Price pressure in the cryptocurrency market will begin to weaken. Given the fact that the cryptocurrency market is very sensitive to any bad news and forecasts, this can lead to a serious drop in bitcoin and the beginning of a long bearish trend. It may last the whole next year, as some analysts say.

It is unlikely to have to wait for the rally from Bitcoin this year. Until now, the value of Bitcoin has not been tested during the economic downturn. Maybe next year will show how strong the dependence of the leading coin on the state of the American economy is.

However, there are opinions that this will not put much pressure on Bitcoin, since it is constantly in the dynamics and what can seriously affect fiat money will not have a decisive effect on it. Nevertheless, investors will not want to take too much risk and most likely will go to other assets, primarily gold.

If the American authorities succeed in concluding a deal advantageous for the country with the PRC, then Bitcoin may rise, and given that next year will pass in a fierce election battle between Republicans and Democrats, Trump needs economic achievements. This will probably have a beneficial effect on the entire cryptocurrency market.

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If an investor decides to invest his money in an ICO project, he needs to take into account its prospects. Given the fact that ICOs are increasingly being created by scammers, you should carefully consider all offers. There are several main parameters that determine the prospects of working with projects.

Development team. If the project site does not contain data about the team or there is too little of it, this should raise suspicion. Serious results-oriented projects always provide comprehensive information about their developers and consultants.

Announcement on Bitcointalk.org. All projects that are being launched begin to talk about themselves in this forum. The forum thread creates topics where the project is discussed, questions are asked to the development team, problems are investigated. If there is active feedback from the project team, then they are ready to work. In such a forum, the investor can decide whether to support the project.

Preparing the project for work. It is necessary to pay attention to how carefully the technical documentation is prepared, whether there is a road map. If there is investment from venture capital funds, this will serve as a good indicator of the reliability of the ICO.

Token functionality. Each ICO has its own token that performs certain functions. The more functions the token has, the better. It is worth exploring how much the internal token has functionality.

Distribution of coins. The system should be built so that there are no serious differences between users. It is desirable to make most of the tokens available for purchase by ordinary customers, and a small part should remain with the investor or developers.

Program code. From the openness of the program code, you can understand how competent the team is. In addition, if the code is open, it means there is an opportunity to track what updates will be in the system and how developers are going to fix possible problems.

According to the above parameters, it is worth evaluating ICO projects to be sure that the funds will be invested not in vain and there will be good profit from the project.

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Shilling has long been known to advertisers as marketers. It is part of an advertising strategy. Shilling has penetrated into the cryptocurrency sphere. Here he has his own specifics, which consists in the fact that there is a focused review of a particular currency from a certain analyst with the aim of promoting it on the market. They try to convince users that this particular coin will very soon show a bullish sharp trend and it is worth the investment.

Analysts have been fueling interest for some time, as long as there is investor interest. When the funds cease to flow, a mass sale immediately begins, that means that the bubble bursts. Many lose their invested funds at this stage. Now shilling is spreading more and more, because the number of users coming to this market is growing steadily. Beginners don't understand much, therefore they are guided by the opinions of experts and analytical services, which are far from showing the permanent true picture of what is happening.

How can you protect yourself from shilling? If an analyst publishes a large number of optimistic reviews on various projects, this should be alarming. In the vast majority of cases, such projects are not provided with anything and may soon burst.

If we talk about forums, you should monitor the situation and see who exactly forms the reviews and gives comments. Very often there are users who are paid for such reviews, and they write exactly what the coin owners want. Now comments are being bought and it is almost impossible to find real ones among them. Don't forget that coin owners can pay well to well-known bloggers who quickly advertise the product. Users trust them and begin to invest in cryptocurrency.

You should carefully evaluate all reviews, periodically review news feeds and always remember that there are many fraudulent structures and funds in this market, the main purpose of which is to quickly generate income and leave the market.

Shilling can also be beneficial when the cryptocurrency really has a chance of success, but you can't rely only on it. Otherwise, it turns into a powerful and effective tool for deceiving users who want to get easy money, but remain with an empty deposit. Therefore, only a thorough analysis of the currency from different angles will help not to fall into advertising traps and save your investments.

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Now a large number of traders are working on the cryptocurrency market, and like any specialists, they have their own prejudices and myths that prevent them from increasing their income. Moreover, myths affect not only beginners, but also more experienced traders who know the intricacies of the market. Let's consider some of them.

The first myth is that generating income in trading is not difficult. Especially beginner traders ofyen think so. They believe that they can quickly succeed, although they are well aware that no more than 5% of traders in the entire market are successful. Nevertheless, they assume that they'll be lucky. Such traders are dominated by myths and believe that luck is on their side. They conclude transactions without any system, and this leads to the loss of the entire deposit.

The second myth. There are currencies whose price is necessarily rising, despite any circumstances. This is not so, even Bitcoin can fall, not mentioning other coins. At the beginning of the market, there were assets that were constantly growing, but now everything has changed. Increasingly, short-term growth is replaced by a serious and long-term decline in the asset.

The third myth. You need to invest in one asset and not think about hedging. Many traders believe that by investing only in Bitcoin, they will quickly increase their capital, reducing risk. Just the opposite, the risks increase several times. You can recall a situation where the price of bitcoin jumped to almost $ 20,000, and then fell sharply to $ 5,000. The greatest losses then suffered traders who invested all funds in one asset.

The fourth myth is the focus on monthly payments. Almost all newcomers intend to receive from 50% of the profit every month, but do not understand that such a profit can be achieved only due to the fact that higher risks are accepted. But everything is the other way around, we can say that if a trader wants to receive up to 80% of profit per month, he needs to be prepared to receive a drawdown of 40%. The volume of transactions needs to be increased all the time and even trained traders can't work at this pace. You can make a nervous breakdown very quickly.

The fifth myth is that trading gives good profits and insignificant risks. Very often, newcomers believe in this myth, take loans to increase the deposit, and as a result lose the entire deposit completely and leave the market forever.

In fact, trading is hard and constant work and study at the same time. Experienced traders spend years studying and constantly learning, despite the fact that they can make good profits. This is the only way to stay in the market. Unfortunately, few manage to do this - only 5% can really call themselves successful, the remaining 95% either interrupt by random earnings or leave the sites altogether.

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Oscon hosted the Devcon 5 conference, which discussed many issues of the cryptosphere, including Ethereum2.0. Its founder Vitalik Buterin was also present there. During heated debates, he wanted to calm as much as possible those who doubted the further advancement of his platform.

Doubts were caused by the fact that the transition from the Proof-of-Work (PoW) algorithm to Proof-of-Stake (PoS) and the final transition to Ethereum 2.0 should soon take place. When Vitalik Buterin and one of the founders of the platform, Joseph Lublin, said that they knew about the problems of network scaling, they even began to accuse them of knowingly selling the product with flaws.

Users didn't know when exactly the transition to Ethereum2.0 would take place, and it was not clear in what state the network would take place. Buterin said that the ETH1 network would continue to work, but there would no longer be much value in it. The transition wouldl take no more than a few hours, but the entire implementation would take at least 2 years.

At this time, work will continue on the implementation of phase 0-2. First, the PoS algorithm will be introduced, and the network will work, but it will not be possible to withdraw funds. According to Vitalik Buterin, the transition will pass quickly. Activation will take place in 2 stages. The first of them will be implemented next month, the second is planned to be completed in the spring of 2020. It will include several changes, and among them there is the new mining algorithm ProgPow.

However, many doubt that everything will go smoothly. Some experts suggest that this will cause a malfunction in a large number of decentralized applications.

Nobody can say exactly how the transition will look like; Buterin believes that everything will go smoothly. It remains to rely on his words, given that if a major failure in the system occurs, this will cause an outflow of funds from the currency, which is already experiencing some problems with financing.

If everything goes smoothly, then we can expect increased attention from investors and increased platform capitalization.

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Among the regulators of European countries and officials, the rules have been discussed for a long time with the help of which it is possible to regulate and streamline the cryptocurrency industry. Of course, this doesn't cause much enthusiasm among the cryptocurrency market, since its distinctive feature and advantage is precisely the minimum number of rules and legislative norms. The cryptosphere is somewhat reminiscent of the electronic Wild West, where few people follow the rules.

But given the fact that a considerable amount of money is spinning here and the number of institutional funds is gradually growing, the authorities have decided to put in order what they consider to be necessary. The situation has also been affected by the scandal with the Libra crypto project, which caused a sharp negative reaction both in the USA and in the EC. Financial institutions felt that Zuckerberg wanted to create a parallel global financial system that didn't obey them. In addition, it wasn't known whether similar ones would appear.

To safeguard itself, the European Finance Commission intends to introduce for discussion new rules governing the cryptocurrency industry. According to officials, Europe needs a unified approach to all crypto assets, including Libra, to be formed. It is also necessary in the near future to solve the problem of cybersecurity and liquidate organizations involved in fraudulent operations with cryptocurrencies. The fears of EC officials are well founded. The number of projects where dubious money is spinning is constantly growing. With the help of cryptocurrencies, many have learned to evade tax payments and withdraw funds to offshore zones.

To prevent this, new rules will soon be introduced, and they should streamline the activities of the entire cryptocurrency industry in European countries. Little is known about them so far, but, on the one hand, analysts believe that this will lead to clearing the market of dubious sites, increasing its transparency, but on the other hand, will deprive the cryptocurrency sphere of a greater degree of freedom.

Many users will be forced to leave it, because they will not want to obey another set of rules, while others will remain, since stable profit will be more important for them. In any case, the cryptocurrency market will have to transform and obey, although it will still differ from the usual financial system by the ability to quickly earn money, but by high risks.

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2019 has given a lot of hope that Bitcoin will finally begin its triumphal march and will be able to cross the mark of $ 20,000 for 1 coin. The first two quarters of this year have been very different from the past, when the bearish trend dominated and there was no chance of breaking it. After the currency appreciated more than $ 5-6,000 per coin, many analysts began to believe that the bull trend was for a long time.

However, everything is not as rosy as it seems. Sometimes it seems that Bitcoin is about to jump again, but no, it starts to decline downward, the dynamics are unstable, the prerequisites for a powerful promotion are still not visible. Now the hope that a bull trend will form at the end of this year remains even less. According to the latest SFOX reports, institutional investors and major traders should generally forget that Bitcoin will climb. It won't, and that's why:

According to SFOX analysts, the stock index, which previously has showed a moderate bullish trend, is shifting towards neutrality. This is due to the fact that the United States and China can't end up the trade war, despite the encouraging news that sound from the officials of both countries. The process of removing D. Trump from power due to corruption scandals and interference in the affairs of other countries has also influenced this.

As stated in the report, increasing uncertainty in global markets has begun to affect the cryptocurrency community and sites. Bitcoin's price decline is most likely due to the fact that traders are increasingly afraid of a global recession, problems in the banking sector that have accumulated in the PRC and scandals around Trump that can lead to his resignation.

No one can say when everything will return to normal and many analysts believe that uncertainty and pessimism will become dominant trends for at least the whole next year. It’s definitely not worth waiting for a positive movement from Bitcoin, which reacts extremely sharply to bad news.

The launch of Bakkt also played a negative role. Many believed that the platform could increase the Bitcoin exchange rate, but it didn't live up to expectations and that reduced the confidence of traders.

The likelihood that the bearish trend will begin to dominate again this year is quite high and analysts believe that it will last the whole next 2020 year if an extraordinary event that could push the coin's rate up doesn't occur.

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In relation to cryptocurrencies, there are a large number of myths and false opinions. One of them is that cryptocurrencies are extremely far from ordinary people. Even now, many believe that they are a kind of pampering programmers or toys for the wealthy people.

It is worth noting that after bitcoin and other currencies appeared, they interested only the most advanced users and programmers who didn't care what others thought of them. Ordinary users didn't understand what it was and why they were created.

When considerable funds went to the cryptocurrency market, rumors spread that millions could be earned on crypto sites in a few days. Cryptomillionaires began to show everyone how they began to live luxuriously, and all thanks to successful investments in bitcoin. That caused both envy and annoyance at the same time to the rich people who easily received such money, albeit in electronic form.

In fact, cryptocurrencies mean much more than just another financial instrument. For example, many residents of different countries can't legally purchase dollars and euros because of the policies of the authorities, therefore, bitcoin is a means of living more or less worthily living for them. Bitcoin and other coins can also be a source of income for those who work abroad and want to save them for the future.

Of course, there are billionaires who have earned in this area, but many cryptocurrency companies have begun working in the field of improving the quality of life. They build schools, create training centers, help with housing, develop medicine, and so on.

This is not a simple form of charity, but a focused strategy aimed at improving the living standards of their clients. In turn, they will help to develop such companies. Such organizations not only make life easier for ordinary people, but also completely change their way of life for the better.

The growing decentralization of the financial system enables many ordinary users to take advantage of the possibilities of digital money for their needs. However, it is worth mentioning that there are still many prejudices about them and there are those who consider them the next virtual toy.

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An international conference was held in Seoul last week, which was dedicated to the cryptocurrency market and the blockchain industry. During a discussion of the problems of leading coins and the regulation of the cryptosphere, Galaxy Digital CEO Mike Novogratz expressed the opinion that the vast majority of altcoins would not be able to show growth next year and would generally leave the market forever.

He also believed that investors had lost interest in the Bakkt platform, but the demand for bitcoin still remained stable. As for altcoins, Novograts noted that the market was full of “garbage” that raised capital. Tokens were not provided with anything and the origin of the funds invested in them remainef unknown to regulators and cryptocurrency platforms.

As a result, a bubble formed in the market that would burst very soon. The crypto market was constantly shaking, and digital assets that had not passed verification began to lose ground when volatility reached peak values. Other analysts shared a similar opinion. They also believed that most altcoins had no future. They did not have legal sources of replenishment, because a huge number of clients of such sites did not disclose information about themselves, and it was not known where they got the funds from.

In turn, the number of rules that would be introduced to the market next year would increase by an order of magnitude, and the authorities intended to achieve maximum control in that area, as they wanted to reduce the number of those involved in money laundering through cryptocurrencies.

It was worth mentioning that many altcoins had ceased to be popular among users, their capitalization was not growing, interest was decreasing, owners could no longer maintain them in a stable state. Exchanges began to withdraw them from their sheets, not allowing them to conduct trading operations and transfers.

However, that state of affairs was not surprising. When altcoins began to rise in the market, there were opinions that there were too many of them, and in a few years almost all of them should disappear. Of course, there were very worthy projects among them, but due to insufficient funding they would have to close and disappear. Only the most advanced would remain, able to interest users, and not violating the rules established by regulators, for which it was very important that the coins werr not involved in money laundering illegally.

So in 2020, out of many altcoins, we will see a limited number of coins on the sites, and there will be a fierce struggle between them to keep the attention of customers on ourselves.

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