Many Bitcoin believers think that the digital currency will one day become the pre-eminent currency of the internet. They basically see it becoming the internet's version of gold in that it's naturally scarce, independent, virtually impossible to manipulate, and crucially suited for a digital world when money ought to be able to be moved seamlessly and at no cost.

Well here's a tip: If you think that this is true, then never use Bitcoin in a transaction.

As more people have gotten into Bitcoin, the price has gone way up.

Virtually everyone who has ever bought anything in Bitcoin has been a huge loser, who would have been better suited just holding onto the Bitcoins instead.