The problem is when there are too many sellers, and not enough buyers. Then you end up screwed as the price crashes.

I can almost guarantee you this is due to JP Morgan and China. They both created FUD and then bought big into Bitcoin after the price dropped.

On one hand, ICOs are taking precious market cap from what could be invested into Bitcoin.

On the other, they bring a whole new dimension to crypto that we have never seen before.

It is just such a shame they are almost always pump-and-dump scams.

Turns out this is false. Bitcoin exchanges were just announced to be targeted (Chinese ones, that is), so if you are reading this and have money on them it is advisable you remove it ASAP.

What JP Morgan is doing now is technically fraud. They are creating false FUD which in normal markets isn't allowed, and then using that as a way to lower the price and buy into Bitcoin cheaply.

Definitely not? A few weeks ago fees were absolutely outrageous. They were approaching 500+ sat/byte and in some cases exceeding it. Now they are only about 33% of that.

The only people who benefit from panics like this are the good traders who understand how to buy low and sell high. If you aren't a good trader then you can kiss your money goodbye.

This is simply false, as I can guarantee you most people who ever bought Bitcoin have also used it to buy something whether online or in person.

Bitcoin bank? Ever heard of Blockchain? Or private keys?

By owning Bitcoin, we become our own bank. You control your keys, you secure your money, you are your own bank.

Taxis do not accept credit cards half the time as it is, why would they accept Bitcoin? Taxis are against innovations such as Uber. And Uber just started accepting Bitcoin, therefore I don't think taxis will anytime soon.

Nope. Well, too early to say. I have a feeling there will be more coming out, specifically from large corporations like Facebook which could easily challenge it. Imagine if Facebook launched "Facecoin" or something of that nature.

I thought this saying was because choir boys/girls were considered to be very righteous? Therefore you don't need to preach to them, because they understand already.

In any case, it wont go up that much in a single day. Maybe a couple hundred tops. Adding significant market cap, enough to even push the price up $100 takes a lot, A LOT of money.

You don't need to think about stuff like this. It is inevitable that Bitcoin will be banned in some areas... just keep using it and sharing and it will grow.

Nope. Bitcoin is for everyone. It is true that early on mostly tech-savvy people were involved, but now it is becoming easier to use.

Satoshi himself said Bitcoin will either have tons of transactions/volume, or it would have none (in the future).

With that said, I think it is safe to say if it is still around 100 years from now, it will have long succeeded.

You can get Bitcoin every day from buying it with your fiat earnings from your day job. Or you could join a signature campaign and get paid for posting each time you post. Or join an affiliate campaign with a crypto company and get paid to sign people up.

My bets are on Bitcoin hands down. I think there are plenty of other cryptos which have merit, but Bitcoin is, always has been and always will be king (at least for now).

Hi,

Does week 8 start today?

Pump and dump is smart from the perspective of making quick money for developers, but it is shady and not a good moral practice if you want to feel good about yourself. And most altcoins and ICOs these days are unfortunately pump and dumps.