9 Misstatements you'll hear about Bitcoin on the media

[Juggy777]

This article is excellent I loved it ans thank you op for sharing this here, hopefully it'll help quell some of the myths that are spreading in the crypto market. I really hope some media person sees this and understand what fools they're to spread fud and for all newbies this is a excellent guide I wish there was option to pin this post. Also the point on alt coin is my favourite  no one could have written it better.

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[Ethelbert Moore]

Bitcoin is mostly used by violent people to commit crimes. I must to say that I am very scared about this problem. However, I totally believe that Bitcoin is mostly used by honest people protecting themselves against financial repression.

[bitbunnny]

One of the false information is that Bitcoin is a criminal/illegal currency used by criminals for illegal activities and money laundering.
Also, one of the myths is that Bitcoin will bring you only profit especialy if you are patient enough. This one is particulary dangerous because it can cause huge losses with certain individuals. Bitcoin can make you lose your money too.
Another myth is that Bitcoin will replace the banks. Bitcoin is a healthy competition to banks but it will not replace them.

[Enoch Lewis]

Bitcoin is the most advanced and up to date crypt project with one of the highest concentration of brain power. This is the first thing that I hear about 9 misstatements on the media.

[Vika99siombiwi]

Lots of media require education on blockchain and crypto currency in general. The traders were a cause of misconceptions about bitcoin today.

[TahuDiniHari]

Bitcoin is mostly used by violent people to commit crimes. I must to say that I am very scared about this problem. However, I totally believe that Bitcoin is mostly used by honest people protecting themselves against financial repression.

therefore, we should be a part of a useful person and share the good news about bitcoin. The bad guys who use the name of bitcoin should we fight with positive information.

[mikki14]

I hope more people could read this or at least do their own research before jumping into conclusions. There are also poeple who are badmouthing bitcoin without any basis. Saying that it is used for illegal transactions.psh!

[zolfa]

I am interested in point number 9, when bitcoin falls and does not have the power to rise, I think that other altcoins are saturated, so it's normal for altcoin to choose and find its own track, and ignore bitcoin, because bitcoin is not a standard price for him.

[gundala]

a statement that is often used as a pretext of the bitcoin legality that is still not recognized is the 7th point. The media often say, bitcoin has the opportunity to be used as a money laundering tool, a means of buying and selling arms and drugs. I am still in doubt. Therefore, if linked with deep web. I have no idea. but I am very sure, bitcoin can be more useful if used for good.

[Kieran Thomas]

Blockchains use encryption, so they are private. We can use them to encrypt and protect sensitive data. Oh, this thing is the most important thing for buyer to know when they decide to invest in bitcoin.

[haracutama]

Of course! I found that: If somebody controls 51% of hash rate, he controls bitcoin. This is the thing that I have know before. Even if somebody controls 100% of hash rate, he still can not turn invalid transactions into valid, he can just censor transactions.

[Aidan Martin]

I hear about this 9 misstatements. I want to repeat that: Miners use computer capable of solving very complex computations. Mining hardware actually solves a very simple problem: guessing random members. Then, they check them against a SHA2 function.