Explaining Bitcoin

in bitcoin •  6 years ago 

Dad will be 80 in October
We touched on the topic of making money, investing and crypto
Tried to keep it simple and used Bitcoin (every one has heard of Bitcoin - I hope) to try and explain
It was a hard explain
Then along came the BIL(to be) - saying the bitcoin is overmined WOW
The crap that comes out of some people
The more that people know about Crypto currencies the better for adoption, however the less that people know about details, and dont ge involved, the better the opportunity there is for me to be an early adopter/Investor and the more crypto currency I can accumulate
Looks like we have started going up
Still don't understand many things, despite having tried to learn much in my limited time in crypto, however according to some, there is a risk or a repeat pattern similar to 2014
Besides that, Bitcoin has in the past had a 90% correction - that would take us to around $2600
Let's hope not, although that would give us a great buying opportunity
2e have been comming down(since December) in little heaps, in decreasing size
So we could have one more such hump, or we could be done, and be gearing up for catamaran/Lambo
Many different views out there

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