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?..

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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.

 

[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.

---------
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

 

[BrandingGo]

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

 

[Grilled]

Does anyone ever consider the what-if value formula, when appraising crypto domains?

what-if value = Purchase Price × Coin Value on Date of Purchase × Current Coin Value

For example, I registered DogeBets(.)com on July 26th, 2020, when Dogecoin was valued at $0.0036 for $6.99 dynadot reg fee. Had I instead invested that $6.99 in $doge, I would have acquired 1,942 Dogecoins. At the current price of $0.37 per $doge, this would now carry a what-if Value of $718.54**.

**Not including potential renewal payments or other expenses converted to the what-if value

 

[Kyle Tully]

Does anyone ever consider the what-if value formula, when appraising crypto domains?

what-if value = Registration Fee × Coin Value at the WHOIS Creation Date × Current Coin Value

For example, I registered DogeBets(.)com on July 26th, 2020, when Doge was valued at $0.0036 for $6.99 dynadot reg fee. Had I instead invested that $6.99 in Doge, I would have acquired 1,942 Dogecoins. At the current price of $0.37 per Doge, this would now carry a what-if Value of $718.54.

AR recently posted something similar saying there are only a handful of domain investors who are profitable when comparing investing the same $$$ in BTC.

Opportunity cost is real.

 

[Grilled]

AR recently posted something similar saying there are only a handful of domain investors who are profitable when comparing investing the same $$$ in BTC.

Opportunity cost is real.

Yeah... I'm filled with romo (regret of missing out). I think you can quote me having previously said something on namePros along the lines of investing in domains instead of investing in crypto is one of the worst decisions I ever made.

@alcy previously uneathered that comment of mine some years back, and now that feeling is being compounded by the current crypto boom.

 

[Grilled]

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

Did you exchange it to USD to buy domains?

 

[Kyle Tully]

Yeah... I'm filled with romo (regret of missing out). I think you can quote me having previously said something on namePros along the lines of investing in domains instead of investing in crypto is one of the worst decisions I ever made.

@alcy previously uneathered that comment of mine some years back, and now that feeling is being compounded by the current crypto boom.

I first bought BTC at $400... and sold at $800, so I know the feeling

 

[Grilled]

I first bought BTC at $400... and sold at $800, so I know the feeling

#ROMO

 

[BrandingGo]

Did you exchange it to USD to buy domains?

I got 1.4 in btc after selling my bitcoin domain.

 

[SixFigures.ltd]

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..

Lol with this scenario everything else will stop too, just tell honestly that you're don't understand crypto stuff

 

[alcy]

Lol with this scenario everything else will stop too, just tell honestly that you're don't understand crypto stuff

what.. no way.. u can still pay a zombie with gold

and many will take us bill too I'm sure


but bitcoin... with no electricity.. ya good luck with that ... oh wait that's right u think bitcoin can run without electricity internet and computers bahaha

 

[biggie]

$100 would be $126,100 today

Hi

now that's some inflation for yah!
so, when crash come and everybody want to "cash" out, will there be enough $ to pay them?

imo....

 

[webengine]

I think cryptos going to $1 Million dollars or more on Bitcoin alone if you look at the trend other bitcoins are gaining because of this

 

[alcy]

I think cryptos going to $1 Million dollars or more on Bitcoin alone if you look at the trend other bitcoins are gaining because of this

I am 100p sure someone on earth knows where btc is going in future.. and I'm 100p sure its nobody here.

 

[webengine]

I'm talking trend Bitcoin

I am 100p sure someone on earth knows where btc is going in future.. and I'm 100p sure its nobody here.

 

[HotKey]

In terms of the crypto sector and domain names, have always found it ironic to base "crypto" sites on non-blockchain addresses.

I guess we have to start somewhere, it's much easier to trade the coin than actual usage via new protocols that require development and adoption where websites can easily be built and accessed.

The boom will help the coin more than the DNS rn.

 

[scithe]

I think I first heard about bitcoin and read about wallets back when BTC was around $2-5. I considered buying $100 worth and wow had I held on, that would be incredible. Realistically though, the second that $100 investment was worth $200, I'd have cashed out giddy to quickly 2x my money. Especially back then. I just lack the diamond hands of the GME generation. Perhaps I'd have tried swing trading the currency.

I feel like it's an inadvertent pyramid scheme. Paypal was paying us $20, $10 and $5 to sign up 25 years ago. $5 to refer friends. It took a long time for mass adoption of online transactions and Bitcoin hasn't done that. This could be because it's decentralized and so Satoshi can't come out of the woodwork and say, "here's what we're doing."

It's not really a currency right now but mainly an investment. While you can engage in Forex and trade USD to GBP to EUR or whatever, those currencies are mainly used for transactions with speculation as a small role of their use. The opposite is true for BTC.

I feel like we're at an interesting place with BTC. I think because of its volatility, marketplaces aren't keen to adopt it. But speculators love BTC because of the chance for moonshots. The primary users of BTC are speculators though so it is unlikely they would want to stabilize the price of BTC although once mass adoption were to happen, I think the price would have to rise because of the increased need for everyone to own BTC.