Because most people are dumb sheep. That's right! I've been working with clients and sometimes there's a big sign telling them where something is and they still come to you asking about it. You can keep telling people that someone who offers them 300% profit a year has to be a scammer because nobody can promise to double or triple your investment in a year.

The more they promise the more risky is their business plan. Some will tell you they're starting a casino or a mining company and really they want to borrow money for gambling or trading.

Even if it was right what's wrong with betting? Maybe it isn't the best use of money but it sure is a use. It's something all currencies in the world have been and are used for.
When people were using seashells to trade they were also gambling. Gambling is as old as the intelligent mankind.

It's not a problem for crypto but rather for people who live in a society in which gambling has a bad reputation.

Fields don't matter. Money is money.

If stock market crashes hard or one fiat currency dies all of a sudden people will want to invest in something else. Bitcoin is very useful for those who want to hide their money or take it with them abroad. If a big crisis happens a lot of them will choose to buy bitcoin and run with it than carry cash. Banks will not be usueful because a big stock market crash will affect their solvency.

Bots are rather making money for themselves not pumping just to dump later. This is very risky because you have to make others follow your trades. If a bot keeps buying into a wall it will never get anywhere.

People are manipulating the price that's for sure but I doubt the bots are responsible. Bots are buying and selling small amounts of crypto to keep making pennies on every trade. Those who manipulate the market do it with millions.

I also see it as a store of value not the payment system Satoshi had dreamed of.

Bitcoin with its deflation will never be a popular payment system because people want to spend what loses value and hold what gains it. You don't spend your gold and hoard cash. That would be counterproductive.

I also think the bottom is in but we could come a little lower to touch 7500 before going back up. RSI is really oversold and last time it was like that we went up.

I'm almost sure we are getting close to a big push up and we will go there from here or break to 7500 and go up from there. Even the bears have incoming halving somewhere in the back of their heads and they won't dump everything like retards but will be looking for a point to buy in.

I've been there with faucets. I didn't have money so I started claiming faucets at first and they got me excited at first but then quickly got boring when I realized this is taking too much time. It took almost an hour to claim a single dollar at that time. I didn't think about future prices and now every dollar claimed from that faucet would be worth 8 or 9. 9 dollars per hour is still a bad wage but enough when you're broke and just need a few dollars to pay the bills.

In a year a Bitcoin could be worth 50 thousand dollars if we have another big bull run.

I'm always in for the long term. This doesn't always get me profit like the altcoins that I bought in 2018 are now worth less than 20%. I sold a lot in the bull run like LTC and it was a good choice but I also kept coins like ADA believing they might be worth  more in future but we can all see how that worked out.
I'm still in for the long run especially with Bitcoin and ETH.

Every uptrend can come to an end. Past is not an indicator of future performance.

When did you buy your coins? At what price? There can be different reactions depending on that small factor.

If you bought above 12 thousand you're like fuck it I don't care because I'm already holding a big bag. If you bought at 5 or below you're totally fine whatever happens. We won't go below that. But if you bought at this level like at 9k and it falls 20% you really should be worried. If you don't you're a rare specimen.

As a trader you are worried about the price doing the opposite of what you're expecting it to do. This is your occupational hazard!
Not only newcomers are worried. I'm sure that if the price fell today by another 10% you would start to worry. I sure would.

Only people who did not invest or invested long ago and don't risk anything are not worried

His reputation is worth shit at this point. I doubt he's still making money tweeting about shitcoins. You can only keep fooling people for a time.

No eating penis on national TV, then he was supposed to be hiding from the government, then he wanted to be a presidential candidate now he's starting an exchange. He's a drug addict an alcoholic and a liar. Nobody is going to trust him with big money.

The most important is transparency and trust. If a casino is involved in some shady business or had bugs or banned people for unknown reasons and doesn't communicate with the community I'm not going to play there.

It's important to establish presence on social media and engage the community. Give players a way to talk to the owners, give them bonuses, make the platform attractive and flawless. Fast deposits fast and cheap withdrawals, no bugs in games.

Because he has the right to privacy. If you made something and suddenly became famous as an inventor you would or would not want everyone to know your face. Not all people want fame because it carries a lot of problems with it. You have to know what fame brought to people like Princess Diana.

If I could talk to him I'd ask him if it was difficult to stay hidden. If there were people who were close to finding his true identity. What he thinks of Craig Wright. I'd have so many questions!

Or greedy, or poor, or newbies, or people in a difficult situation, people with addictions and many more.

We cannot generalize. There's many personality types and traits that describe people. Going in blind and working for a possible scam coin is a bad idea but people are doing it and will keep on doing it. Where there's money there will be people ready to do anything to get it.

I also think that it is we who control the market. Every user has some influence over the price and it's like in society. You think you have no influence over democratic voting but it's because your voice is worth less than the voice of a social media influencer or a billionaire.

You have the power to influence the market but the power depends on the money that you have. Someone who has a million dollars will be able to do much more than you but you still have something to say.

Centralized adoption is still better than no adoption at all.

With no adoption tokens will slowly die because nobody will want to do anything but hold. Centralized adoption will give people a choice that is more than hold or sell. They will also have a choice to spend even if it's centralized spending. From there we can go into decentralized spending. It will always remain an option.

I don't get why it could not be. I'm waiting for some evidence to support the claim that Bitcoin isn't a good store of value. The only way you can lose on Bitcoin is when you buy on top of one of the bubbles and then sell when it falls. If you buy and forget or buy and wait knowing it will bounce back you will make money.

Most stores of value don't gain value as fast as bitcoin. They hold it which is still better than fiat which loses it.

I have some altcoins left from my bull market investments. I took some profits from bitcoin trading and tried to differentiate because so many people were doing it. And as always when everybody is doing it you should expect that it's a bad idea.

Now i'm not selling anymore. Whatever I have left is worth between 10 and 20% of what I paid for it and this is so little money that I prefer to wait for a bull market or lose it all if altcoins never recover. There's much greater chance that they will be worth more in 2020.

This doesn't tell us much because you could be earning 5 dollars per campaign which to most people is a laughably low money when you count the hours spent on earning it.

I'm happy that you are earning something but I wouldn't advise anyone to go after bounties these days. There's many better and easier ways to make money. Some very poor people will still chose this "job" but you really have to be making a few bucks a day or be unable to do anything else to even consider it.

I also think that these are exchanges or funds managing bitcoin investments for people. Even things like MtGox bankruptcy case managed by that Japanese guy had to keep a lot of money on single addresses but these were not money belonging to a single millionaire.

I also don't think these are institutional investments. 1000 bitcoins on a single address is an impressive thing but it becomes much less impressive when you find out that it belongs to 3000 people.