Common Misconceptions and Myths about Cryptocurrency - I became rich using this method and now I make over $10,000 monthly.
More information
Scott Evans
20.04. 2018 11:32  | 

Cryptocurrency or digital currency has become a very widely known market; however, despite its popularity, surprisingly, the concept of cryptocurrency is still not properly understood by many of us. Digital currency is surrounded by countless misconceptions and myths that have caused problems, even monetary ones, for the new beginners.

To help you understand the concept better this article will clarify some of the most common misconceptions about digital money.

Cryptocurrency is a sham

No, it is not! Cryptocurrency is real and it is making people rich. In fact, many experts in the finance industry believe that digital money has the potential to change how the finance sector works. It is true that just like with our conventional currencies, digital money has also attracted scammers who lure traders, especially beginners, to invest in their scam investment programs, but the cryptocurrency industry itself is not a sham.

Bitcoin is the only Cryptocurrency

No, bitcoins are one of the different types of cryptocurrencies that are generated for digital money traders. It is the most powerful and the first of its kind, but it certainly is not the only one.

Bitcoins are gold coins

Bitcoins are not gold coins, in fact, they do not have any physical form. Bitcoin, like other cryptocurrencies, is digital money.

Cryptocurrency is a cryptic program trying to devalue fiat money

Yes, it is uses cryptic technology but no it will not replace or devalue our conventional currencies. A few digital assets even collaborate with banks; one such example is XRP, which has been created to offer business solutions that financial institutions face. Other similar digital currencies have also been created to solve similar problems. Digital currency will actually aid our existing financial industry and make it more powerful.

It is too late to invest

We keep hearing how the value of digital money has skyrocketed over the past few years, which leads us to believe that it may be too late to invest now. To put all rumors to rest, it is not too late to make a move. The technology is still relatively new and its full potential is yet to be realized. Cryptocurrency market still offers a massive room for growth.

Bitcoin is a stock

Bitcoin is not a stock; it is a currency, which means you cannot predict its value like you do of a stock.

Cryptocurrency transactions are anonymous

This could not be farther from the truth; all transactions are recorded in a public ledger known as blockchain, which can be accessed by the public. It allows you to see how much value was moved from one trader to another.

Bitcoin mining is similar to redeeming vouchers

Mining is not a process where you collect a certain number of bitcoins or other digital currencies and then exchange them for money. Miners have to compete with each other to solve complex mathematical problems or puzzles that are derived from cryptic hash algorithms. Upon solving the problem successfully, miners are given rewards which could be transaction fee or new bitcoins.

Bitcoins are unlimited

The number of bitcoins generated goes down every four years. By the year 2140 the world will be out of new bitcoins; by this time we will have 21 million bitcoins and new coins will not be issued.

Bitcoins are for criminals

It is a common misconception that bitcoins are ideal for criminals since it cannot be traced. True due to its decentralization and anonymity the currency attracts criminals but it is also a great asset for law-abiding citizens for the exact same features. Bitcoins can be ideal if you live in a country with an unstable economy or when you fear banks and other financial institutions are corrupted.

Get started now - Life is too short to be poor. cryptocurrency,digital money,mining,bitcoins,bitcoin mining
Start now

Make money in three easy steps!

My method cannot be used everywhere. Most banks and traders do not know what this method is about. And even when they do know about it, they would never, under any conditions, provide it to ordinary people. That's why it's very important to choose a reliable licensed broker who will allow you to make money. These are my two favourite brokers. Register with one of them - or even both of them. They both offer advice, video tutorials and a personal adviser - absolutely free.

Try out the strategy with a demoversion:

  Binomo

Tiburo Corporation Ltd
A modern broker with a small minimum required deposit
My quick tip: The broker allows nonstop trading including the weekend with trades from as little as $1
Minimum deposit: $10
 

  Markets.com

Safecap Investments Ltd
Reliable and well-known broker with many features.
My quick tip: After you deposit, make sure to check out the "Trading signals" section where you will find free advice.
Minimum deposit: $100
 
 


  daniel (197.211.56.*) wrote

am interested hope its reliable

  FXVM (103.217.177.*) wrote

Forex Singal    https://forexrobotnation.com/vps-review-fxvm/

This is a great motivating content.I am fairly much happy with your great work.You put really very information.

  Prudence (41.13.164.*) wrote

How can i gain a money online

Please address me about how can i gain a money online

  vivi (154.113.16.*) wrote

Does it work for Nigeria

I'd like to try this, but I'm really really broke. And I need details on how it works. I'm from Nigeria.

  Dennis mutembei (154.79.141.*) wrote

About the credit card    Olympic trade

Am a Kenyan and our currency is the Kenyan shilling so how do I withdraw money from the Olymptrade after winning or how should I get the credit cards to earn money

  kareem jide (197.156.250.*) wrote

a fresher     Olymptrade

new to it , kindly please help me

  May Liosi (103.43.144.*) wrote

Information

I am from Papua New Guinea and I would like to know more on this opportunity.

  Dayyan Ahmed (110.36.183.*) wrote

How to make money online for a teenager?

Hi,my name is Dayyan Ahmed. I am a teenage boy who needs to help my family financially, i belong to a middle class family and am currently doing Alevels so I thought of trying something to earn enough to hold my own expenses,to get my burden off my parents and to learn about what to do to earn money easily. Thankyou for your time reading my comment. Have a good day sir!

  nickley mwanamwale (165.56.52.*) wrote

i would love to learn how to make money    nickley mwanamwale.com

i would love you to teach me how to make money, am 21 years and am from zambia

  omokolade sunday (197.210.54.*) wrote

does it work here in Nigeria ?

How do i register from here in nigeria? Need your reply right now.

All comments (on new page)
 
 
 

 Add new comment!

Ask anything or share your experience
You will receive detailed instructions to your email.