What "facts" you heard about Bitcoin is not true?

[MingLee]

Most peoples said that bitcoin is a currency for such illegal activity, buying drugs, weapons or something like that, they might be true, but i think not only bitcoin can do that, fiat can do that also. It's obviously depend on user, how did they spent their bitcoin wheter for legall activity or ilegall activity, thus i must say this case is not true

Every currency can do the same things and buy the same illicit goods, you can use barter goods, currencies or services to buy such things. It is not unique to any form of value, and it all comes down to what people want to hate on because it can do x or y.

[zerocharisma]

I guess the false facts i heard about is the most common one. It's used for illegal activity(drugs,buying guns,etc.) This is why i didn't care that much about it.

[boyptc]

Most peoples said that bitcoin is a currency for such illegal activity, buying drugs, weapons or something like that, they might be true, but i think not only bitcoin can do that, fiat can do that also. It's obviously depend on user, how did they spent their bitcoin wheter for legall activity or ilegall activity, thus i must say this case is not true

Yes that's right because in the deep web people there are using bitcoin a the medium of their payment that's why bitcoin was accused with that kind of negative comment. But real money can be also used as like that.

[sukamasoto]

If you're not put additional fee , your transaction will never be confirm
But that's not true because I saw my friend's coinbase transaction , when he sending out the btc, his transaction also got confirmed ( although medium priority )

[Enotche]

When I first became interested in Bitcoins, I heard a lot of nonsense, from terrorists to financial pyramids. The fact that this system to all there invested, and one day someone will run away with the money.

[DimensionZ]

Recently I saw a comment on another forum that Bitcoin will make people rich overnight which is not true at all. There is no free lunch in life and even with Bitcoin one has to work towards securing their profit be it digital money or fiat. I don't understand why some people still think Bitcoin is some kind of get rich quick scheme.

[hendra147]

Recently I saw a comment on another forum that Bitcoin will make people rich overnight which is not true at all. There is no free lunch in life and even with Bitcoin one has to work towards securing their profit be it digital money or fiat. I don't understand why some people still think Bitcoin is some kind of get rich quick scheme.

I think not only of bitcoin, even in the real world it is difficult to become rich overnight. unless you win the lottery.
in bitcoin very likely I think of gambling, but it really does need a very big fortune.

[richkellj]

I mostly heard Bitcoin will die..but i think it is the wrong fact.   Bitcoin will stay forever.

[MedaR]

I didn't hear but i see here on this forum people believe that BTC is only good coin that will be worth millions in the future..This is daydreaming, Bitcoin had its rise and we could be very happy if it stays like this.
Also competition wont kill it but it won't be only one king. Also we will have more chances to earn more money with new coins instead with bitcoin.

[waltercoin2016]

I have heard people say that Bitcoin is going to reach its maximum quantity by 2040. But it should be 2140... I am having my bitcoins in ANXBTC and it works well with me.

[cjmoles]

I still don't know if it's true, or not, but I heard that the CEO of bitcoin was arrested for running a ponzi scheme. That might be able to explain why we don't hear anything from the CEO here anymore but....I definitely think that if the CEO was arrested, then it was a false arrest to prevent its adoption because bitcoin is definitely not a ponzi scheme anymore.

[boyptc]

I mostly heard Bitcoin will die..but i think it is the wrong fact.   Bitcoin will stay forever.

That's right bitcoin now is very competitive and another investor invested into it.

If you know Steam / Valve they are now accepting bitcoins and soon many stores will adopt it.

[Xialla]

that it is anonymous, fast, for free, everybody accepted by everobody with at least one brain cell and easy to use..

[a7mos]

I mostly heard Bitcoin will die..but i think it is the wrong fact.   Bitcoin will stay forever.

nothing in this world can stay forever. what if in the future someone develops a supercomputer and it ends what is called bitcoin now ? you better say bitcoin will not die soon

[Vaskiy]

I heard a rumor that bitcoin is illegal and is used for illegal activities, but after joining this forum I found that bitcoin is only beneficial to users and it is a good way to earn money and gain knowledge and find out that whatever I heard is completely wrong.

[salmanahmedone]

Actually i have not heard any rumors about bitcoins, but i heard about halving mostly people say mostly different native things about halving, but some experience members help us about it. and bitcointalk it is a good plate form which people can get right information about bitcoins.   

[thend1949]

I heard a rumor that bitcoin is illegal and is used for illegal activities, but after joining this forum I found that bitcoin is only beneficial to users and it is a good way to earn money and gain knowledge and find out that whatever I heard is completely wrong.

Yup thats true that bitcoin is used for illegal, like buying weapons, drugs, and other illegal activities. But it depends upon the user how to use bitcoin. Like me im using bitcoin in a good way and im earning for my family and for my own so that in next school year i can continue my education

[VanDeinsberg12]

I had actually heared following things in advance before starting with bitcoin:
- bitcoin transactions are instant (depending on the fee, they can take a couple minutes, hours or even days)
- bitcoin transactions are free (but without a fee, there's little chance of getting a confirmation)
- bitcoin is anonymous (but instead it is pseudo-anonymous)
- bitcoin is used for illegal activities (i'm sure it does, but so does fiat, gold, diamonds,...)
- it's free money when you mine bitcoin (but instead, you'll need to know what  you're doing to even ROI nowadays)

in addition,most common people things bitcoin are not good for investmen or not worth it.but in fact bitcoin is good for investmen.

[Scream]

I guess the false facts i heard about is the most common one. It's used for illegal activity(drugs,buying guns,etc.) This is why i didn't care that much about it.

if you ever get into deepweb or atleast lurking on it, you'll know that most of them do use bitcoin for transaction,bitcoin is more widely used than any payment gateway,and illegal trading does exist such as drugs,credit card data,and similiar things

I even heard bitcoin used as funding for ISIS. but I do not know if it was a fact that is true or not. but in fact this time many are using bitcoin for illegal things.

[ingenuity]

 bitcoin is used for illegal activities (i'm sure it does, but so does fiat, gold, diamonds,...)   I see they are using in deepweb or darknet