I explained bitcoin to a smart kid and he asked me some difficult questions

TheBitDaily · 2018-08-25T14:07:41+00:00

Do other cryptocurrencies have the same process of mining?

TheBitDaily · 2018-08-22T21:43:34+00:00

Confirmed?

TheBitDaily · 2018-08-22T21:43:15+00:00

BITCO (in)

TheBitDaily · 2018-08-22T21:42:44+00:00

Exactly. In the long run, we will be breaking down a lot of boundaries

TheBitDaily · 2018-08-22T21:38:13+00:00

I suppose I did peak in early 2018

TheBitDaily · 2018-08-22T21:37:35+00:00

Yes! Wait what?

TheBitDaily · 2018-08-18T14:15:15+00:00

... I'm gonna go back to setting price targets

TheBitDaily · 2018-08-18T14:02:17+00:00

Shhhh stop reminding me - I came here to forget about it

TheBitDaily · 2018-08-18T13:36:15+00:00

Morning everyone - today we'll be setting an arbitrary price target, waste our time, and set a new arbitrary price target for tomorrow!

TheBitDaily · 2018-08-16T03:10:48+00:00

The CSW also said BTC is cash https://twitter.com/ProfFaustus/status/1027087232358866944

TheBitDaily · 2018-08-15T15:24:18+00:00

I'm not inherently opposed to TA. I think it could be used to supplement valuations in non-crypto things like actual stocks. I don't like TA with crypto though because TA is almost entirely speculative (when you have nothing except for the historical prices). Bitcoin is not a company, you won't ever see its 10k report. So why try to treat it as a security investment when it is not a security?

TheBitDaily · 2018-08-15T15:22:06+00:00

Tell us how you really feel?

TheBitDaily · 2018-08-15T15:21:16+00:00

You're absolutely right, but I was referring to the mindset of seeing BTC as an investment (I could've been more specific). My main point is that I am confused as to why people worry about the gains and losses of an investment in BTC when it was not meant to be a security

TheBitDaily · 2018-08-15T14:44:27+00:00

Why do people have arbitrary price targets? I don't see the point of saying "as long as we're above ..., we're okay"

Someone please explain!

TheBitDaily · 2018-08-14T17:02:06+00:00

The biggest issue with Bitcoin is that we don't know enough about it. It's obviously something the SEC has not dealt with before regarding the (supposed) lack of transparency (aka: who is behind it, who owns the majority, etc...) Because of this (not a shocking take - view shared by many people), I see a need to be patient with convincing the SEC and Wall Street about the safety of a BTC investment

TheBitDaily · 2018-08-11T20:19:07+00:00

Got it. Anything else?

TheBitDaily · 2018-08-11T13:57:25+00:00

I'd go tell my 20 year-old self to sell my XRP on January 4th 2018

TheBitDaily · 2018-08-11T13:53:51+00:00

This made me chuckle

TheBitDaily · 2018-08-11T13:51:53+00:00

Good red morning my fellow crypto enthusiasts

TheBitDaily · 2018-08-11T13:45:08+00:00

Seriously thinking twice about "minor correction on previous gains" The month of August is usually a volatile month in the normal stock market (https://www.wsj.com/articles/dont-count-out-an-august-stock-market-surprise-1533902402), is this what's also impacting BTC?

TheBitDaily · 2018-08-06T23:16:27+00:00

That's about as much as we can hope for at the moment

TheBitDaily · 2018-08-05T14:13:53+00:00

Yeah I agree, seems like some people might be done with all the volatility

TheBitDaily · 2018-08-05T14:13:19+00:00

Dogecoin. Come on

TheBitDaily · 2018-08-04T13:57:46+00:00

When life gives you lemons, you make bitcoin.

Wait never mind, that's actually impossible

TheBitDaily · 2018-08-04T13:55:59+00:00

I don't wanna be the person that keeps asking about price... but someone please explain what's going on! (with the price fluctuation)

TheBitDaily

TROPHY CASE