poll [Trending] - Is the Crypto Sector About to Boom? - Thoughts...

[Eric Lyon]

As the title indicates, there's been a lot of waves lately in the news about the crypto sector and how it's about to BOOM!

For perspective:

According to the national survey commissioned by the Crypto Council for Innovation, an industry group backed by companies including Coinbase, Paradigm, Fidelity Digital Assets and Block, 52% of respondents said they wanted more regulation in the space. Only 7% said they’d want to see less regulation...

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That's right. Our mystery bachelor is Bitcoin (CRYPTO: BTC), which across that decade-and-a-half long stretch has been the most familiar and popular cryptocurrency. That's a fine position to be in these days since investors have eagerly been piling into all manner of digital coins and tokens since Election Day. As Bitcoin is the undisputed crypto leader it has rocketed to new heights. Might it even cross the $95,000 level by weekend's end?..

Source

Market data shows that Bitcoin has increased its price by 0.77% over the last 24 hours, currently trading at $68,550. Over that length of time, the price has oscillated between $67,600 and $69,325 — a variation of 2.55%. The current price is also over 5.6% lower than this week’s $73,460 high, following changes in the outlook for the upcoming United States presidential elections...

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President Donald Trump’s decisive victory all but ensures a pullback on crypto-related enforcement once he takes office. In July, Trump pledged to fire Gensler on the first day of his second administration while headlining a Bitcoin conference in Nashville. ..

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Reaching above $75,000 for the first time in its history, the cryptocurrency’s sudden surge came from Trump’s promise to support the crypto industry if elected. It marked a 50 per cent increase in bitcoin’s price since August...

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There are thousands of related articles across the internet like the ones quoted above, giving heavy speculation backed by data that the future is going to be bright for the crypto sector.

Even the Federal Reserve jumped on the band-wagon with the potential of CBDC:

While the Federal Reserve has made no decisions on whether to pursue or implement a central bank digital currency, or CBDC, we have been exploring the potential benefits and risks of CBDCs from a variety of angles, including through technological research and experimentation. Our key focus is on whether and how a CBDC could improve on an already safe and efficient U.S. domestic payments system...

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With an already budding Web3 (Crypto/Blockchain) handshake/Alternate root domain option in the market, it's quite possible that a BOOM in cryptocurrencies could also effect the domain industry with more specific/alternate payment options, additional handshake/alternate root extensions, additional payment gateway integrations with existing websites, etc...

For more Perspective:

One notable realm where cryptocurrencies exhibit significant potential is within the Domain Name Systems (DNS), an integral pillar of the internet infrastructure. Conventional DNS functions akin to a digital phone book, translating user-friendly website names into IP addresses essential for computer connections.

Blockchain domains serve as innovative solutions, essentially operating as a naming registry for crypto addresses. In the world of cryptocurrencies, where addresses are often lengthy and intricate, blockchain domains play a pivotal role in simplifying transactions. By associating a user-friendly name with a crypto address, these blockchain domains facilitate transactions that are not only more straightforward but also inherently more secure...

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With all the above in mind and a shift that's already being felt with Bitcoin's jump in value, share your thoughts on the Crypto Sector and cast your vote in the poll.

 

[alcy]

bitcoin is not buyable to most.. not since it passed say 10k. people are barely making bill payments... 50 or 80 or 90k is beyond 90percentof earth population.

which is good in the end. cause crypto was and is a casino bet. where way more people lose than win. it's a fact. good for u if your in the winning minority.

i for one am happy btc is unusable for most. it just means they wont invest and lose.


as for crypto names.. well... that's highly buyable. 10 bucks gets u an expired btc name. who cares if u lose 10usd.

me personally hope some crypto names get traction... I only have a few but they are cool

erc20,io
digital wallet,co
bitcoin,lord ,com


good shit

 

[DomainNature]

We will have to wait, until cash is removed completely and everyone gets the mark of the beast, in their hand or forehead and will be scanned like a potato , crypto have space to grow, more than that, Bitcoin will not be the 1st always, I guarantee you that!

 

[draco]

bitcoin is not buyable to most.. not since it passed say 10k. people are barely making bill payments... 50 or 80 or 90k is beyond 90percentof earth population.

You can buy a fraction of a Bitcoin.

 

[BYYP]

I think cash is king, bitcoin is limited without electricity or internet (impossible to paying).
Bitcoin - just a beta version of cbdc.

Jmho

I vote for It's all hype and will fizzle out eventually

 

[Kyle Tully]

as for crypto names.. well... that's highly buyable. 10 bucks gets u an expired btc name. who cares if u lose 10usd.

Every single person who ever put 10 bucks into BTC is currently in profit, so there's that.

I personally have found cycling money from domains into crypto and crypto back into domains based on opportunities has been extremely profitable. In fact it's how I got started building my portfolio so quickly without any up-front capital.

 

[Blake]

If you read the Satoshi Papers...it becomes clear that the goal of Satoshi has been twisted as per usual by the people in the top .01%. I say take your profits where you can and also start investing in gold and real estate so that you have something tangible as well.

 

[alcy]

Every single person who ever put 10 bucks into BTC is currently in profit, so there's that.

I personally have found cycling money from domains into crypto and crypto back into domains based on opportunities has been extremely profitable. In fact it's how I got started building my portfolio so quickly without any up-front capital.

yes and everyone who put 10usd into btc 10 years didnt know they would make money today. no exceptions.

 

[alcy]

You can buy a fraction of a Bitcoin.

true but I meant all I said for all values or fractions.

 

[Kyle Tully]

yes and everyone who put 10usd into btc 10 years didnt know they would make money today. no exceptions.

Domains are the same. Especially at the $10 level.

At the end of the day it's all speculation based on differing levels of confidence and euphoria.

Whether you believe in the underlying tech/value of crypto or domains doesn't really matter, there is money to be made in both.

 

[alcy]

If you read the Satoshi Papers...it becomes clear that the goal of Satoshi has been twisted as per usual by the people in the top .01%. I say take your profits where you can and also start investing in gold and real estate so that you have something tangible as well.

exactly. turn off all power.. electricity.. break internet connections.. shoot down starlink.. sabotage ocean net cables ... www3.. zombie apocalypse.. etc.. and boom.. all bitcoin comes to stop.. or worse it comes to an end..

about satoshi I have a more fun theory.. cause that's all everyone has about him... I literally giggle every time I watch tube video where bitcoin fans give finger to govt thinking they have decentralized freedom money in bitcoin... cause I'm 100 percrnt sure satoshi is not a miracle world money saviour but some form of govt.

 

[Kyle Tully]

exactly. turn off all power.. electricity.. break internet connections.. shoot down starlink.. sabotage ocean net cables ... www3.. zombie apocalypse.. etc.. and boom.. all bitcoin comes to stop.. or worse it comes to an end..

And where do you think domains end up in that scenario?

 

[BYYP]

There are approximately 20 million bitcoin in circulation as of 2024. Once the number of bitcoin in circulation reaches the 21 million supply limit, the protocol will no longer issue new bitcoin.

Is bitcoin just Black Jack? You decide.

 

[Kyle Tully]

Is bitcoin just Black Jack? You decide.

I posit that you fail to understand both bitcoin and black jack.

 

[BYYP]

I posit that you fail to understand both bitcoin and black jack.

You don't get it.

Blackjack, also known as 21. Bitcoin creator has a sense of humor.

 

[Kyle Tully]

You don't get it.

Blackjack, also known as 21. Bitcoin creator has a sense of humor.

I’m confident in my assessment

 

[alcy]

And where do you think domains end up in that scenario?

domains end up exactly same place.. hence what I said about putting 10usd into a crypto name and not 90k into a btc

 

[Kyle Tully]

domains end up exactly same place.. hence what I said about putting 10usd into a crypto name and not 90k into a btc

Why are you comparing a $10 investment and a $90,000 one? This makes no sense.

 

[alcy]

Why are you comparing a $10 investment and a $90,000 one? This makes no sense.

I'm comparing ideas not values.

as r u when u compare domains and crypto both relaying on internet.. electricity etc


either way my point is crypto is a casino where house always wins. thatmeans most lose money. not make money. these are the facts. most people did not make profit in crypto. most lost. it's just that often those who did make money made a lot. which gives false overall picture cause usually it's pretty story that make news. not the guy who lost all family money and jumped off roof.

but hey happy for ya if u are in the minority who won at crypto casino. for rest of you... keep away from crypto.


remember ina world where there are peasants and kings ..and no that has never changed and never will... where everything is controlled form the food u eat to your 9 to 5 job... to your marriage to banks to air your breathe... to religion covid etc.. remember that there is no such thing as some one special miracle thing called bitcoin where it escaped somehow all this control to benefit humanity... all this by a conveniently anonymous entity called satoshi... nope... world doesnt work this way... and the only true path to freedom or greater freedom is to realize the best slave is one who thinks they are free.

 

[enterscope]

Anyone that's paying attention knows a bull run is coming. That also means for crypto domains.

 

[Blake]

There are approximately 20 million bitcoin in circulation as of 2024. Once the number of bitcoin in circulation reaches the 21 million supply limit, the protocol will no longer issue new bitcoin.

Is bitcoin just Black Jack? You decide.

According to research the last btc will be mined in the year 2140 ...Ironic huh?

 

[Blake]

Anyone that's paying attention knows a bull run is coming. That also means for crypto domains.

It's already happen or is currently happening. Side note, all that has to happen to crash this house of cards is for the government to say they are not going to make btc part of the agenda and go against campaign promises as per usual.

If this happens you can place a bet that the prices will tank! If you look back historically btc always jumps up around new elections. I hope I'm wrong for the sake of all the people who are having FOMO.

 

[JB Lions]

2025 I think will be good but I will be slowly dipping out in 2025, wait for the crash and then buy back in again.

I figure year 2 or 3 things will get bad economically. Once a new President gets in, you're still under the previous administration's policies. Takes a little time to enact new policy and see the result of it.

Why do I think things will get bad in year 2 or 3? Because they started to get bad under Trump's first term in year 3, Covid covered it up.

Most economists say his policies won't work.

"Many economists agree that Trump’s economic and fiscal proposals could spark an economic calamity, though it is not clear whether they have considered, or given credence, to Musk’s calls for austerity."

Tariffs

If Elon does in fact cut 2 trillion from a 6.5 trillion budget, what do you expect. I'm all for handling actual waste and there is plenty off it but other programs will be cut as well. I know he's an outside advisor and doesn't have official government capacity but Trump seems to be trotting him around everywhere, even getting him into talking with Iran's U.S. ambassador. I really don't see how you can cut that much, probably won't happen but we'll see.

Elon Musk himself says to expect economic hardship.

Elon Musk asks voters to brace for economic 'hardship,' deep spending cuts in potential Trump Cabinet role​

Donald Trump wants the Tesla and SpaceX CEO, who himself has taken in billions from federal contracts, to oversee “efficiency” efforts for the government.

https://www.nbcnews.com/business/ec...-could-mean-hardship-for-americans-rcna177807

I don't think craziness is good for the economy. Wanting to have an Attorney General who was flying in minors for sex/drugs is a little nuts to me, but normal I guess to others.

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Short version. 2025 I think will be great. After that, probably will take a hit.

 

[JB Lions]

Didn't even know this forum existed.

2013
"With bitcoin officially being recognized by the FTC, the currency has inflated x2. It is now worth roughly 70$ per share..

Wishing I didn't trade all of the ones I had last year.. Id be sitting pretty right about now"

https://www.namepros.com/threads/who-here-mines-bitcoins.788475/

Bitcoin did 1261x since that post

$100 would be $126,100 today

 

[BYYP]

I got 1,4btc in 2015 and exchanged it to usd.