1. It’s unregulated
People say bitcoin is unregulated, usually in order to make the argument that it’s dangerous and unstable. But bitcoin is, in fact, regulated in a number of ways.
2. It’s anonymous
It’s not fully anonymous, no. When people say bitcoin is anonymous, they usually mean that they think it’s not traceable—but it is. (In fact, criminals are now moving away from using bitcoin and toward monero, which is more anonymized.)
3. It’s a scam!
No. You might think the current price run-up is a bubble; you might think that bitcoin will never become widely adopted as a currency; but bitcoin is legitimate technology, built on a system that has attracted major interest from big financial companies. It is not a trick or a hoax. It is something real, that exists (even if not physically tangible).
How about you? What are the other misconceptions that Bitcoin has faced or will be facing?
Source:https://finance.yahoo.com/news/biggest-misconceptions-bitcoin-145634830.html
People say bitcoin is unregulated, usually in order to make the argument that it’s dangerous and unstable. But bitcoin is, in fact, regulated in a number of ways.
2. It’s anonymous
It’s not fully anonymous, no. When people say bitcoin is anonymous, they usually mean that they think it’s not traceable—but it is. (In fact, criminals are now moving away from using bitcoin and toward monero, which is more anonymized.)
3. It’s a scam!
No. You might think the current price run-up is a bubble; you might think that bitcoin will never become widely adopted as a currency; but bitcoin is legitimate technology, built on a system that has attracted major interest from big financial companies. It is not a trick or a hoax. It is something real, that exists (even if not physically tangible).
How about you? What are the other misconceptions that Bitcoin has faced or will be facing?
Source:https://finance.yahoo.com/news/biggest-misconceptions-bitcoin-145634830.html
For me, in my own personal experience I think that the biggest misconception that i have ever encountered was people thinking that if you are involved in any cryptocurrency or in bitcoin then in a few moments or in the shortest time you can be a millionaire and that you are a scammer as the coins have no realistic value and I think that is one of my greatest hurdles to ever educate people to