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.

 

[Kyle Tully]

In relation to FIAT currency it makes zero sense.

Sounds like that is where you need to start your learning then!

 

[scithe]

Show attachment 266471

They goofed on that image I think. The first show should be 2010, 2011, 2012, 2013.

 

[Blake]

Question - Why is BTC being white washed as this decentralized token? BTC's sole creation was to facilitate untraceable financial transactions on Silk Road. Somehow this gets ignored.

This is absolutely not true by any means. Honestly, most believe it was created by the government and spilled into the public domain...hence why Satoshi disappeared. Nobody really knows nor cares at this point.

 

[Name2go]

They goofed on that image I think. The first show should be 2010, 2011, 2012, 2013.

The authors ignored the years 2009 and 2010 to highlight the 4-year cycles.

The Bitcoin Genesis block was generated on January 3rd, 2009. The first transaction of 10 BTC took place on January 12, 2009 between “Satoshi Nakamoto” and Hal Finney. Initially, Bitcoin was an insider game between techies and prices were freely negotiated in forums. The first use as a means of payment for goods took place on May 22, 2010: two pizzas for 10,000 BTC. The famous Pizza Day.

This data is easy to read anywhere. I just want to show that the chart is ok even if the initial time of Bitcoin is omitted. The chart divides the cycles from cycle high to cycle high. There are alternative forms of presentation from cycle low to cycle low, as well as from Bitcoin halving to halving, each in a 4-year rhythm.

 

[scithe]

Since 2012 is listed twice with different graphs, it looks suspect is all.

 

[Name2go]

Since 2012 is listed twice with different graphs, it looks suspect is all.

Good eye!
The first 4-year cycle only covers three, actually two and a half years. The chart progression looks correct, but is artificially drawn out. Not a good solution, the authors would have been better off presenting the first few years correctly as three years - or starting in 2009/10.
I didn't see that, my apologies.

 

[Inframan]

Nobody really knows nor cares at this point.

True statement.

 

[HaveANiceDay]

It exactly looks like 2013-2017-2021

 

[The Durfer]

The authors ignored the years 2009 and 2010 to highlight the 4-year cycles.

The Bitcoin Genesis block was generated on January 3rd, 2009. The first transaction of 10 BTC took place on January 12, 2009 between “Satoshi Nakamoto” and Hal Finney. Initially, Bitcoin was an insider game between techies and prices were freely negotiated in forums. The first use as a means of payment for goods took place on May 22, 2010: two pizzas for 10,000 BTC. The famous Pizza Day.

This data is easy to read anywhere. I just want to show that the chart is ok even if the initial time of Bitcoin is omitted. The chart divides the cycles from cycle high to cycle high. There are alternative forms of presentation from cycle low to cycle low, as well as from Bitcoin halving to halving, each in a 4-year rhythm.

what pizza company took that then?

 

[HaveANiceDay]

what pizza company took that then?

Dont go deep it was marketing trick which is usable in our days too

 

[Name2go]

what pizza company took that then?

It wasn't a big pizza chain, but my local pizzeria, Flat Earth Dough, around the corner in LA. The delivery man was a short, wiry Mexican man in his 50s, Ramirez. When he was young, he put the weights on the dumbbells for the boys around Arnold and Sly down in Venice Beach. As it later turned out, the pizza payment was a big misunderstanding. Ramirez, I was allowed to call him Rami, assumed the pizza equivalent was the stick I handed him. (There were no commercially available hardware wallets back then.) Rami didn't understand that the payment method was stored on the stick. He kept the stick for himself and saved his daughter's school work on it a few days after the pizza delivery. The 10,000 Bitcoin are still lying untouched on Block 4 of the Bitcoin blockchain, and no one can get to them.
Truth unsocial.
Cheers, Natoshi Suckermoto

 

[The Durfer]

Whoohoo! Here comes $100k!

 

[freety85]

Just like any emerging technology, cryptocurrencies will undoubtedly find their place in the future. While short-term volatility may persist, the long-term potential for practical applications and transformative impact is undeniable. As the technology matures, we can expect to see increased adoption and integration into mainstream financial systems.

 

[alcy]

Just like any emerging technology, cryptocurrencies will undoubtedly find their place in the future. While short-term volatility may persist, the long-term potential for practical applications and transformative impact is undeniable. As the technology matures, we can expect to see increased adoption and integration into mainstream financial systems.

lol what are u talking about

crypto and volatility and trading should never even be used in same sentence. crypto and bitcoin were never designed to be trading speculation tools.

this is why usdt or another stable coin is all the crypto we will and should ever need.

 

[freety85]

lol what are u talking about

crypto and volatility and trading should never even be used in same sentence. crypto and bitcoin were never designed to be trading speculation tools.

this is why usdt or another stable coin is all the crypto we will and should ever need.

While I'm not discussing trading, I believe that cryptocurrencies with real-world utility will have a long-term future, unlike those without practical applications.

 

[alcy]

While I'm not discussing trading, I believe that cryptocurrencies with real-world utility will have a long-term future, unlike those without practical applications.

well u said volatility so u meant varying prices.. which involves trades etc.. my point is that crypto .. blockchain money was not and should have zero to do with trading. and just be quick anonymous way to swap value and money. we ruined crypto the momemt we started trading it. but that's wht dumb humans do they ruin everything.

stable coins are all we need. all we ever needed. I hope everything except some main 1 to 1 stable coin dies asap.

 

[The Durfer]

 

[The Durfer]

$10 measly dollars in 2010 would be over a million today, 12/4/24

 

[alcy]

criminals and hackers are loving this heheh

imagine how many people in jails are millionaires now.. it just takes 10 btc lol

of course what comes up mustgo down but u get the point

I maintain what I said earlier that trading volatilities and prices are what killed crypto... now it's just cash grab that makes rich richer and poor ppoorer

but hey stable coins are cool... trade value anywhere in 1 second.. no stupid bank etc... cant get better than that

everything else should die. before people invest and Lose and die from suicide or heartattack

house always wins

 

[Jv1999]

There's probably a crash this January.

Crypto most usually crashes in January except last cycle's January

 

[scithe]

Although I agree that speculation makes crypto unreliable as a currency, all currencies are subject to speculation. There's a lot of money traded through FOREX. But when you trade USD for EUR you're looking at a few pips movement in a day most days. Not 70k to 102k in a month.

 

[HaveANiceDay]

lol what are u talking about

crypto and volatility and trading should never even be used in same sentence. crypto and bitcoin were never designed to be trading speculation tools.

this is why usdt or another stable coin is all the crypto we will and should ever need.

at some point its true

but

gold was not "designed" as speculation tool but it is at some point

so, If we have an opportunity to profit from living in a period of great change, we should use it wisely.

 

[HaveANiceDay]

While I'm not discussing trading, I believe that cryptocurrencies with real-world utility will have a long-term future, unlike those without practical applications.

yes it will but not as we all can imagine, this condition of cryptocurrency is something like every state had own dollar - at the end all of this dollars had scammed, despite of being used in past

Spoiler: -

yes, every crypto except btc is scam

 

[Weboo]

On which place can you sell your domain names and be paid in crypto ?

(Dan.com did it...)

 

[The Durfer]

its headed back up, $110k?