Tag: cryptocurrency

Meet the queens of cryptocurrency

James Delingpole on the women shaping a male-dominated industry

Funny, isn’t it, how little you hear about Bitcoin these days? That’s probably because an awful lot of punters came horribly unstuck and are still nursing their wounds, praying the price will recover from this ‘crypto winter’. Round about last Christmas it was trading at $20,000; now it’s closer to $7,100 — which is quite a chunk to have lost if you bought at its peak, convinced by pundits such as software billionaire John McAfee that it would fly to the moon and beyond if only you kept your nerve and refused to sell.

Perhaps it will still fly to the moon.

Read the rest in Spectator Life.

Why Oh Why Didn’t I Buy More Bitcoin?

bitcoins
image: iStock

I reflect bitterly on how much richer I’d be if only I’d had the courage of my convictions.

Every time I write about Bitcoin you can probably take it as a major sell signal. The last time I did so was in January 2014, at which point Bitcoin was trading around the $935 mark. Had you been inspired by my golden words and invested immediately in BTC (as we aficionados call it), here’s what would have happened: within a few months their value would have more than halved. ‘Bloody hell!’ you might have said. ‘This is an idiot’s game. Clearly there is no future in this stupid crypto-currency malarkey.’

But investment’s all about timing, isn’t it? Had you hung on a bit, watched it drift to its 2015 lows of around $216 dollars and at that point splurged your pension savings on, say, 200, you would now be a millionaire. I shan’t try to quote the current price. Perhaps, as you read this, it will have soared above last week’s record high of $7,879. Perhaps it will have continued the subsequent correction when its value fell by nearly 25 per cent in a day. What’s certain is that if you want to make or lose money very quickly, there’s nowhere more exciting than the ludicrously volatile cryptocurrency market.

Read the rest in the Spectator.