These myths were engendered by objective factors, which became the main sources of the emergence of idle inventions.
We suggest that you look at the truthful side of the three opinions about crypto-active that are circulating in society.
Myth One. Bitcoin is not backed up and has no value
Bitcoin is a value.
Imagine that you have a wallet in which there are dollar bills, you can also apply to bitcoins.
Dollar bills support the economy not only the US, but also other countries of the world, and this is already a significant value.
Similarly, we can say about bitcoin , but with a small difference and correction.
US dollars enter the world market as part of the US economy.
While bitcoin is born in the depths of computers, more precisely, BTC is supported by the blockade , obtained somewhere on the other side of the globe, for example, in the provincial city of China.
Gold, silver and other precious metals are also unsubstantiated. But, no matter how they look at these metals, they are the most expensive assets for centuries. Are they so bad assets on Earth?
Bitcoin has no significance, it’s just an opinion that is not supported by anything.
In fact, the crypto currency has a special value, and buying crypto assets has become commonplace, just like you, for example, apply to the bank.
Myth Two. 21 million bitcoins, too few for all
Indeed, the figure of 21 million BTC is recognized as negligible with those finances that circulate in the world.
But do not forget that after the decimal point there are 8 signs indicating the scalability of the crypto currency.
To be more precise, the network will charge up to 2 quadrillion blocks of Bitcoin or 2 099,99,997,690,000 atomic units of the Bitcoin network .
Each coin is divided into 100,000,000 atomic units.
It is unrealistic to trade BTC for 1 time, all trade is divided into smaller units, which are often referred to as mile-bitcoin (mBTC) or micro-bitcoin (μBTC).
Myth Three. Bitcoin – the financial pyramid of mankind
Most often this opinion comes from those who do not understand the fundamental difference between the structure of the financial pyramid and the working moments of the functioning of bitcoin.
There is also a difference in the winners and losers in Bitcoin and Ponzi. The financial pyramid is always unstable.
In place of old money, new money comes, and so on the chain, the result, which is the profit from new money. Here you can immediately understand who is the winner and who is the loser.
The owners of bitcoin benefit from actual demand and acceptance by the community.
Even those who are not considered to be the holder of the crypto currency can see the growing demand and promotion of a peer-to-peer decentralized system, through the introduction of innovations that determine the future.
Thus, the financial pyramids, the same principle of Ponzi and Bitcoin – are two incompatible things with each other, both according to the scheme of work, and the overall ultimate goal.