Re: My Favorite Misconceptions About Bitcoin

3. I would love to buy some Bitcoin, but (whatever the current price is) is just too expensive for magic internet money.

And then they go for altcoins.
I have seen many people believing bitcoin is too expensive and they should buy a shitcoin worth less than a dollar.
"This token/coin is now worth $0.0000001. If it reaches $1, I will be a billionaire. Bitcoin reached to 60,000 dollars. So, 1 dollar is nothing and can be reached very easily."

And that’s when they start experiencing real scams and lose big amount of money, which is far to happen if they only take the risk buying bitcoin. Well, some altcoins have managed to survive and create sustainable profits but most of the new altcoins today that are out in the market are just for short term duration, after that their value starts to subside.

Nowadays this have increased a lot and more people are getting into scams in the name of cryptocurrency. Recently I made a thread about a friend of mine getting trapped. Even now he don't have the proper understanding and explains me. For the same amount I've spend someone else have got three types of tokens. I said creating tokens and sending is not a big thing. It need to be in the market. So, proper awareness could make things better.