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EXCLUSIVE: Hitbtc team makes bitcoin, altcoin predictions

HitBTC is one of the newer bitcoin exchanges on the web, and I had the opportunity to ask their dev team a few questions about the future of bitcoin and altcoins. The exchange launched in February and has grown rapidly thanks to its nice user interface, aggressive marketing and voting platform. Here are their thoughts and predictions on various coins and trends in the industry:

Q: What’s the hardest part about developing a site like this?
A: “In our business everything is quite hard. First of all, it was so difficult to get our team together. We found best developers all over the Europe because our goal was to bring professional technologies to the crypto market. We did our best and now we have a great trading core and beautiful interface. Despite the fact that crypto coins are getting more and more popular, it is still quite complicated to build convenient and legal system for compliance. Also, it is a lot of work to gain the trust of community and we’re working hard to do that.

Q: What are you goals for the future?
A: Our main future goals are:
1. To become the most popular bitcoin exchange and bring professional traders from Wall Street and Forex exchanges into the bitcoin world.
2. To add more altcoins through the end of the year, and to become most popular playground for altcoin traders.

Q: How can an investor find a coin that’s worth investing in?
A: Every coin can be interesting for a trader. I would advise investors to watch the communities of the top 10 altcoins for some period and to decide which is the most suitable.

Q: What do you think are the biggest movers for the price of a coin?
A: The biggest movers for coin prices are governments and big companies. Their decisions about using or banning bitcoin always moves prices.

Q: What are some of your favorite new coins?
A: We love them all the same. Doge is unique with it’s strong community, but we also pay a lot of attention to NextCoin, Monero and some others.

Bitcoin Predictions

Q: Where do you see bitcoin prices headed in the coming months and years?
A: It is so hard to predict. We suppose that price will rise through the end of the year.

Q: Do you think Bitcoin will be around for years to come? If so, why?
A: Bitcoin itself is creating a revolution in the financial world. For now, it looks more reliable and has better prospects then classic fiat transaction methods and technologies. Of course it has its own shortcomings but is nevertheless still the most popular cryptocurrency. I think that will last maybe for decades or maybe for hundreds of years.

Q: What do you think are the hottest trends in cryptocurrencies? ie contracts? protocols?
A: The hottest trends are connected with bringing cryptocurrencies off computers and phones. ATMs, acquirement systems and POS terminals are appearing really fast. Every business that will provide real-life solutions for crypto is a priori hot.

Check out Hitbtc at www.hitbtc.com. Background photo by Axonite.

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