Crypto industry set to grow

[willendure]

https://nypost.com/2025/01/16/busine...nt-harassment/

[cojak]

Not with my money it's not. They'll just have to find more gullible fools.

[jamesbrown]

Not with my money it's not. They'll just have to find more gullible fools.

They found scootie. They can only hit that sort of jackpot once in a cosmos.

[willendure]

Oh no, I feel so stupid making 135% in the last 10 months.

[cojak]

Oh no, I feel so stupid making 135% in the last 10 months.

You go for it. Have you bought a car or something with your winnings?

[WTFH]

Oh no, I feel so stupid making 135% in the last 10 months.

I'm not sure why this thread is in "Business/Contracts", but if you're doing so well at this, then you don't need to worry about going back to contracting.

[sadkingbilly]

Oh no, I feel so stupid making 135% in the last 10 months.

135% of pie in the sky.
try translating into REAL money/goods.

[willendure]

135% of pie in the sky.
try translating into REAL money/goods.

No, not bought a car. Still in bitcoin I have to admit. For 2 reasons mainly - I already have capital gains to pay this year, so don't really want to sell before April. I also think its going to go higher so selling now would be premature. According to my crystal ball anyway. I should also add, I have not put my life savings into this, just a smaller chunk of cash that I can afford to lose, or don't need to cash out if it falls.

The changes that the Trump government are proposing to make to bitcoin could have a very big effect on its adoption. 2 things essentially:

1. They propose to stop all the debanking that is happening, which is preventing companies from investing in crypto.
2. They propose to change the accounting rules, so that bitcoin can be on the balance sheet as an asset.

Personally, I think the implications of this are huge because it leads to mainstream adoption. Bitcoin has a stock to flow ratio below that of gold at the last halving, and it still has 5x to grow in market cap to reach the level of gold. I think it will get there, whether its this cycle or the next is anyones guess.

I also think there is likely to be a significant crash in US stocks this year, and that will probably take bitcoin down with it. So yeah, just hoping it doesn't happen before 6th April. But if the price does fall back down again, I will be buying more at the bottom.

As far as contracting goes, if the crypto industry is reinvigorated we might see more blockchain related work come up.

Unfortunately, not making enough from it to give up contracting. Most of my investments are in a SIPP and sensibly invested with an eye on risk and volatility. Gold has been particularly strong in 2024 and I also think that trend will continue, or at least it will be a solid anchor if there is a crash.

$TRUMP coin - yeah that is a scam. An embarrasment even, cashing in his presidency. Not the sort of guy who puts his wants behind those of his country.

But also be aware that our real money £ is also losing its value. Inflation has been much higher than official figures. The US as owner of the dollar and worlds reserve currency, can export its inflation to the world. The once Great nation of Britain cannot, since the pound is no longer the worlds reserve currency. And our debt to gdp ratio is pretty ugly. So I recommend considering putting some of your money into dollar denominated hard assets.

[sadkingbilly]

<scooty stylee justifications> TLR.

aye - good luck with that.

[willendure]

Sure. Having a highly volatile produce as a significant part of your economy has got to be brilliant.

Its volatility has been falling over time.

Get this...

https://blockchain.news/flashnews/bi...paypal-and-amd

"On January 15, 2025, Bitcoin's volatility was reported to be lower than that of Nvidia, PayPal, and AMD, according to data from IntoTheBlock (Source: TheCryptoBasic, January 15, 2025). Specifically, Bitcoin's 30-day volatility stood at 2.34%, while Nvidia's was at 3.12%, PayPal's at 2.89%, and AMD's at 3.05% (Source: IntoTheBlock, January 15, 2025). This decrease in volatility reflects Bitcoin's growing maturity in the financial markets, signaling a shift towards more stable trading conditions."

Makes me think of the falling volatility of emerging markets from 1990 through to 2007 due to the ending of the cold war and globalization. If you spotted the trend, you profitted handsomely.