The biggest obstacles encountered when trading Cryptocurrencies are the myths and legends surrounding them;
These represent an obstacle because they distort reality and lead investors to erroneous conclusions. Visit https://immediateprofit.app to confidently start trading Bitcoin if you’re a newbie.
Like any sector in which money moves, cryptocurrencies do not escape being the subject of situations or comments that are not necessarily true.
These typical rumors are created with a supposed spontaneity, being repeated and amplified by all kinds of people.
It is possible to discern through the correct information what may be a myth or a reality; it’s simple if some information that comes to you sounds too spectacular or too bad, it’s a lie.
10 Facts You Should Know About Bitcoin
- 1. Large amounts of money to invest in Bitcoin
- 2. It has become more common to make payments with cryptocurrencies.
- 3. No one supports bitcoin.
- 4. Bitcoin is an insecure asset
- 5. Cryptocurrency exchanges are not safe.
- 6. For not having support, Bitcoin is worth nothing.
- 7. At least 1 Bitcoin must be acquired to invest.
- 8. Bitcoin is a scam or a bubble.
- 9. Cryptocurrency Platforms could be more secure.
- 10. Blockchain is the same as BITCOIN.
1. Large amounts of money to invest in Bitcoin
False; it is optional to invest large amounts of money in Bitcoin. Although Bitcoin currently commands a price range of less than $60,000, a person can buy only a fraction of this cryptocurrency.
That is why Bitcoin purchases are only subject to significant investment if the investor so wishes; It is essential to remember that to invest, the user only makes the decision.
We start from 0.0001 parts of a crypto active like Bitcoin.
2. It has become more common to make payments with cryptocurrencies.
At first, cryptocurrencies were only seen as a new form of investment. However, the support of international companies through their adoption as a payment method has made them the new digital currency, backed by the trust of companies such as PayPal and Microsoft; both cryptocurrencies can be used to purchase your products.
3. No one supports bitcoin.
This myth can be considered the most heard. Yet, many countries like the United States, New Zealand, Switzerland, Germany, and Japan, among others, have adopted and established these technologies with solid foundations.
Many organizations and even individuals are managing the use of bitcoin in response to excessive inflation that, due to macroeconomic factors, affects the markets more and more every day.
4. Bitcoin is an insecure asset
FALSE, Bitcoin works under Blockchain technology; it acts as a ledger, is open to all, and is public and accessible.
Also, it is a decentralized cryptocurrency; Transactions on this platform are endorsed by millions of people with their computers anywhere in the world, converting operations into genuine transactions.
5. Cryptocurrency exchanges are not safe.
Some platforms will try to scam you. However, the actual cryptocurrency exchange has high-security standards. It is always recommended to inform you before investing through a specific application or Exchange.
6. For not having support, Bitcoin is worth nothing.
Another of the myths or lies about Bitcoin is even considered an error regarding what we know as value.
Supply and demand are the relevant aspects that give value to Bitcoin. With fiat currencies, only these are backed by the governments and central banks of the world, where their discount will depend directly on the supply and demand of the inhabitants of a specific country.
7. At least 1 Bitcoin must be acquired to invest.
It is the most common lie among potential new investors. If you want to buy bitcoins, it is almost impossible to have around USD 50,000 to buy just one unit of this listed cryptocurrency; when a standard user starts investing, he never imagines that he must have this amount to enter the world of investments.
Don’t worry. It is entirely false; you can start investing from the value of an equivalent of 0.000020.
8. Bitcoin is a scam or a bubble.
Since we don’t know who created Bitcoin, we only see the pseudonym of its creator. He registered his invention based on the open license, indicating that anyone can make use of this invention without paying anything to the creator of it,
On the other hand, if you decide to buy bitcoins, it is simply the same as buying dollars or euros with your local currency.
So Bitcoin is far from being a scam; just that many malicious users want to make this platform the ideal tool to carry out scams, which is entirely different.
9. Cryptocurrency Platforms could be more secure.
Of course, some platforms might try to scam you, but cryptocurrency exchanges have been built under high-security standards, allowing their users to safeguard their financial operations.
10. Blockchain is the same as BITCOIN.
It is that only the fact of saying it is a lie; Let’s remember that Blockchain is the Chain of Blocks where the Cryptoactives are stored, while bitcoin is the representation of a digital currency that makes use of this platform; bitcoin can fall but Blockchain Never.
Cryptocurrencies, from their origin, are subject to tremendous pressure from the public. Even its volatility is due to the comments that arise in the environment, which can positively or negatively affect the opinions expressed by users or benefactors, even without being true or false.