Myths & Misconceptions About Bitcoin (Finally) Debunked
Bitcoin is becoming well known to many people. While only .5% of the global population ever got involved in cryptocurrency, the leader is making a name for itself. Most heard of Bitcoin although they might not understand it.
Hearing yet not understanding leads to a lot of misconception. This causes the adoption rate to slow because people believe they know what they are talking about when that is not the case.
This takes on added meaning when one is listening to someone who really has no idea what is taking place.
We see the Bitcoin myths and misconceptions debunked.
For example, Warren Buffett says Bitcoin has no intrinsic value. He is right. The challenge with this view is neither does fiat currency. It is only valued because it is issued by a nation and adopted by the population. There is no intrinsic value in that. The same holds true for most financial instruments that are traded.
Bitcoin does take on the characteristics of money and does it very well as explained here.
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Crypto will change the world, if we dont allow "hidden powers" to control it...
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Great article on the topic.
Greetings
Bob
You dont own it if you dont hold it. I think physical metals is the safest bet for saving on an individual level
By Tyler Durden I love it!!!
Bitcoin and crypto do not have practical use YET. Give it some time and it will... The technology behind it is another story.
i like LTC these days
In reality nothing has intrinsic value. Value is based on what we believe is valuable. For some it might be Dollar, for other it might be some creepy dolls (for some others it has value less than zero, they would pay to get rid of it). Fact is that more people are starting to doubt in fiat which leaves the door open for crypto
Interesting take on creepy dolls lol
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So very true! It cracks me up when typical financial analyst say things like it has no value. If we are going to look at it like that, then it is on par at the very least with the toilet paper shit we call dollars.
i think the crypto is not safe than physical
Bitcoin seems to be the way to go. But governments get skittish and wield their power. It will depend on how governments will react to it and that will be the key.