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$BTC
Myths about Bitcoin.
This is part of a post with myths about the most popular cryptocurrency.
🎰 Buy cue ball = play poker
Any crypto is very volatile and the risks are really very high. Only if you look at it in the short term.
📈 The cue ball has no real value
Argument: It cannot be backed by a physical asset like gold. But any fiat currency also has no real value.
The cue ball is programmed to run a deficit and is therefore resistant to inflation. In addition, cue ball production is also falling, and halving occurs every 4 years. Then the reward paid for the block is reduced by 2 times.
🔐 BTC is not secure
The Bitcoin network has never been hacked, but many investors are still afraid that it will be hacked. Reason: third party companies that use the cue ball, but not the network itself. For example: Japanese exchange Mt. Gox, 650,000 BTC were stolen from it during 2011-2013.
However, this is the fault of the exchange itself, and not the network. Miners and nodes are located in 100 countries and fully support the operation of the blockchain. There's definitely no need to worry here.
The myths have been refuted, now we are waiting for the reaction under the post🔥
@Antixristo7
$BTC
Myths about Bitcoin.
This is part of a post with myths about the most popular cryptocurrency.
🎰 Buy cue ball = play poker
Any crypto is very volatile and the risks are really very high. Only if you look at it in the short term.
📈 The cue ball has no real value
Argument: It cannot be backed by a physical asset like gold. But any fiat currency also has no real value.
The cue ball is programmed to run a deficit and is therefore resistant to inflation. In addition, cue ball production is also falling, and halving occurs every 4 years. Then the reward paid for the block is reduced by 2 times.
🔐 BTC is not secure
The Bitcoin network has never been hacked, but many investors are still afraid that it will be hacked. Reason: third party companies that use the cue ball, but not the network itself. For example: Japanese exchange Mt. Gox, 650,000 BTC were stolen from it during 2011-2013.
However, this is the fault of the exchange itself, and not the network. Miners and nodes are located in 100 countries and fully support the operation of the blockchain. There's definitely no need to worry here.
The myths have been refuted, now we are waiting for the reaction under the post🔥
@Antixristo7
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