Don Kaufman here. 

I think Bitcoin is the biggest pile of crap ever, and it has nothing to do with the technology.

It's because you can see what everyone’s doing on it. 

And that p****s me off to no end.

As a trader, do you want full transparency? 

It's like playing a game of cards where you're constantly showing your hand to everyone at the table and going, "Hey, look at my cards, I'll beat you all anyway!"

The Problem Nobody Talks About

Bitcoin's ledger is so perfect that they can track everything. Let's say you bought Bitcoin back when it was $10,000 - about five years ago. You bought a nice chunk and you've been sitting on it ever since. Now Bitcoin's at $86,000 and you decide to cash out.

Every single person watching the blockchain can see exactly what you're doing. 

They can see that your wallet has been dormant for five years. They can see you bought at $10,000. And they can see you're selling at $86,000.

You know what that does to the market?