Bitcoin is the most discussed topic in the global monetary sector. As you break daily records, thousands of others register on your network for profit. Not only that, however, this cryptocurrency is amazing for FIAT currencies to make online payments. It is incredibly secure, provides instant transactions and allows users to avoid unnecessary costs.
Speaking of the possibility of making a profit, there are about 100,000 millionaires in the world who would have controlled it to make a fortune trading Bitcoin. In addition, your network has more than five million users.
Even though Bitcoin is as valid and valid as possible, there are still many other people who say that it is still nothing of a scam, so there are many myths around this cryptocurrency, that is precisely what we seek to address in this article. Let’s take a look at some of the most popular myths about Bitcoin and demitifie them as smoothly as possible.
Bitcoin has no value
The first and maximum non-unusual myth related to Bitcoin is that it has no value. First of all, Bitcoin is incredibly valuable. Not only that, however, is on the same scale as gold. Thanks to its value, millions of other people can make money.
If you’re wondering how they do it, they use commercial sites to help them sell their assets and generate the highest revenue imaginable. Renowned platforms like Bitcoin Code collect all market knowledge about Bitcoin and use it to make accurate predictions about its long term. The effects are then shared with investors who know when the most productive time is to sell their Bitcoins and maximize their profits.
These trading sites have helped many other people to combat Bitcoin volatility. As you may know, Bitcoin is a very volatile cryptocurrency and its price increases and decreases every day. Alternatively, you can use Bitcoin ATMs to sell Bitcoins and earn money, but they are not as available as trading sites and have many fees.
You cannot use it to purchase products/services.
The next myth we will demystify is that you use Bitcoin as a means of payment and buy products or services, this can be discredited without problems because there are tons of corporations that settle for that, we will not call local stores unknown, but global. Brands.
The list of global brands that are made up of Bitcoin as a payment method includes Shopify, Expedia, Overstock, Wikipedia, Microsoft and, more recently, even Tesla. In February, the company announced that it had invested $1. 5 billion in Bitcoin. they make a billion profits, but they also announced that they would settle for it as a means of payment for their vehicles.
No one has invested in Bitcoin
Finally, the 3rd not unusual maximum myth is that no one invests in Bitcoin, we will treat it in the same way as the previous one, instead of naming one of the five million users, we will list some celebrities affiliated with this cryptocurrency. .
The Serena Williams, Logic, Elon Musk, 50 Cent, Snoop Dogg, Gwyneth Paltrow, Bill Gates and many others list, all those names have invested in Bitcoin.
Myth Bonus: Nakamoto Satoshi
An extra myth that we cannot even demystify the considerations of the author of Bitcoin – Satoshi Nakamoto. Today, no one knows who Satoshi is. We don’t know their gender, age or nationality. Satoshi Nakamoto is just a pseudonym that this individual passes.