It has become important that we begin to seek and gain the right information so we don't get mislead by some stories or false information been circulated by some people with mixed intentions which unsuspecting newbies fall pray and become victims of circumstances.

Certain information about Bitcoin has caused some persons to make wrong decisions, take unreasonable risk and sometimes end up in situations where they loose all there fund. So in this thread I would want us to discuss some popular myth about Bitcoin that has been put out there in the public, some of which are very misleading and could cause people to get into big mess especially newbies. Below I will be stating a few after which you can add any which you know about Bitcoin let's help save people from future problems.

Here are some myth(false information) about Bitcoin you should note:


1.  Bitcoin is a Ponzi scheme:: Bitcoin is not, it's never and can never be a Ponzi scheme. Rather Bitcoin is a digital asset, which can be used as a store for value or a means of payment for services and other financial transactions ,in some countries, it's regarded as a legal tender so Bitcoin is legit, real and not shutting down any time soon in the nearest future, Bitcoin has come to stay and will forever remain. It's the new and best innovative financial technology.

2.  Bitcoin is scam: it's really sad that most scammers are using Bitcoin to get at unsuspecting individuals but the idea that Bitcoin it's self is scam is false and not true, Bitcoin is real legal and very legitimate

3. Bitcoin is a get rich quick scheme: no doubts you can get Rich hodling but it's not something that happens almost immediately especially when you buy during the dip, but if you buy Bitcoin with a good sum of money and hodl for a long term you could definitely get rich hodling but it's not within a very short period of time with little capital.

4.  Bitcoin is on only DCE's: Bitcoin is actually on both DCE's and CE's so it's falsehood to say Bitcoin is only on DCE's

5.   Bitcoin isn't real money: like I said earlier, Bitcoin is considered legal tender in some countries and most stores and employee accepts Bitcoin as a mode of payment so Bitcoin is real money.


These are a few I could point out at the moment, but if you know of any, for the sake of education please post under this thread so others could learn and stay very much informed.