Listen now | Bitcoin has crashed hard, along with the wider cryptocurrency sector. Everything is looking awful, says Dominic Frisby. Here, he asks just how low bitcoin could fall.
I haven't invested in crypto, but only because it felt the wrong time to put money into it, and in the back of my mind it has always had a feel of fiat currency, always had a feel of Ponzi, but now that it is in a sort of free fall it feels like a good time to consider it. I know that seems contradictory, but Crypto is here to stay, and as it is here to stay some sort of exposure is prudent. It's recent highs almost feel like a child that is learning to run...OK it's fallen over, but I think it will get back up, dust itself off, and run again...but even faster. Thanks as always for your insight, and great content...where would we be without you.
I’ve never owned any crypto asset, but have been following the story more recently. I have a technical question. What happens when the last bitcoin is minted/mined? Also, given some “keys” to crypto wallets are lost inevitably, or thumb-drives with bitcoins are lost over time. Does this not mean that the number of bitcoin in circulation will peak then drift downwards?
I haven't invested in crypto, but only because it felt the wrong time to put money into it, and in the back of my mind it has always had a feel of fiat currency, always had a feel of Ponzi, but now that it is in a sort of free fall it feels like a good time to consider it. I know that seems contradictory, but Crypto is here to stay, and as it is here to stay some sort of exposure is prudent. It's recent highs almost feel like a child that is learning to run...OK it's fallen over, but I think it will get back up, dust itself off, and run again...but even faster. Thanks as always for your insight, and great content...where would we be without you.
Sold and slowly DCA back in good or bad that is what I’m doing.
I’ve never owned any crypto asset, but have been following the story more recently. I have a technical question. What happens when the last bitcoin is minted/mined? Also, given some “keys” to crypto wallets are lost inevitably, or thumb-drives with bitcoins are lost over time. Does this not mean that the number of bitcoin in circulation will peak then drift downwards?