MISCONCEPTIONS ABOUT BITCOINS! MUST READ!

[digitalninja81]

Good to know, but it's sort of too basic.

I mean, here on this forum the beginners thread gives one a more detailed picture.

[rohnearner]

Good to know, but it's sort of too basic.

I mean, here on this forum the beginners thread gives one a more detailed picture.

Yeah there is lot that can be added to the site, there is lot of ambiguity about crypto currencies from legal aspects , volatile nature, being anonymous ,creating wallet , mining, ans the list is too long..   

[Angelique]

Good to know, but it's sort of too basic.

I mean, here on this forum the beginners thread gives one a more detailed picture.

Yeah there is lot that can be added to the site, there is lot of ambiguity about crypto currencies from legal aspects , volatile nature, being anonymous ,creating wallet , mining, ans the list is too long..   

Yes, there are a lot of myths but we just listed few of them particularly the common misconceptions of people about Bitcoin, we'll add some more. Thanks!

[fighter]

You can add few more myth's to list
* BTC is not legal
* btc will die soon
and there are so many other myths circulating around..!

I was about to ask, since when it's not legal and then I remembered you're talking about myths.
But I have to ask you: why do you think BTC isn't going to die soon?

[Sonny]

You can add few more myth's to list
* BTC is not legal
* btc will die soon
and there are so many other myths circulating around..!

I was about to ask, since when it's not legal and then I remembered you're talking about myths.
But I have to ask you: why do you think BTC isn't going to die soon?

Just curious, what makes you think BTC will and can die soon?
Governments "banning" bitcoin? Bitcoin "bugs"?

[DeathAndTaxes]

Investing in Bitcoin early is no different from buying Apple shares in the 1990s!

I see the point you are making but I would change this to something other than a stock.  Stocks (or the company they represent ownership in) generate revenue and profit.  A bitcoin doesn't generate revenue, it doesn't have dividends.  While it may increase in value there is no underlying cashflow to fall back on if it doesn't.

If you were to pick an asset Bitcoin is more like gold which has seen a tremendous rise in price relative to most currencies since those nations exited the gold standard.