Bitcoin ($BTC ) is the king of cryptocurrencies, but it is also the most misunderstood. There are LIES and myths that are constantly repeated, scaring beginners or leading them to make poor investment decisions. Today we are going to debunk 5 of these lies so you can invest with more confidence and knowledge.
THE 5 BIG LIES ABOUT BITCOIN (AND THE TRUTH THAT WILL MAKE YOU MONEY):
💸 LIE #1: "Bitcoin is TOO EXPENSIVE to invest in now."
The Trap: You see the price of 1 $BTC (e.g. $60,000) and think you need that amount to start.
THE TRUTH: You can buy Bitcoin in FRACTIONS! They are called "satoshis" (1 BTC = 100 million satoshis). You can invest $10, $50, $100 in Binance and own a part of Bitcoin. What matters is not how many Bitcoins you have, but what percentage of your portfolio it represents and your long-term strategy.
💨 LIE #2: "Bitcoin HAS NO REAL VALUE, it is not backed by anything."
The Trap: You compare Bitcoin to physical gold or the "government-backed" dollar.
THE TRUTH: The value of Bitcoin comes from its technology (blockchain), its scarcity (only 21 million will ever exist), its decentralized and secure network (the most powerful in the world), its growing adoption as "digital gold" and a store of value, and the trust of millions of users. Its backing is its code, its community, and its utility.
🕵️ LIE #3: "Bitcoin is ANONYMOUS and is only used for illegal activities."
The Trap: Movies and old news have created this false image.
THE TRUTH: The Bitcoin blockchain is PUBLIC and TRANSPARENT. All transactions are traceable. It is pseudonymous (wallet addresses do not carry your name directly), not anonymous. Illegal transactions are a tiny and decreasing fraction of its total use.
👑 LIE #4: "Bitcoin will be REPLACED by a 'better' faster or newer cryptocurrency." (THE ONE THAT WILL SURPRISE YOU!)
The Trap: New altcoins constantly emerge that promise to be "the next Bitcoin" or "the Ethereum killer."
THE TRUTH: While crypto technology evolves, Bitcoin has advantages that are almost impossible to replicate:
Massive Network Effect: It is the most well-known, accepted, and liquid cryptocurrency.
Unmatched Security: Its mining network (Proof-of-Work) is the most powerful and secure on the planet.
Real Decentralization: It has no CEO or company behind it that can change the rules.
Trust as a Store of Value: More and more institutions and individuals see it as "digital gold 2.0." It is more likely that new cryptocurrencies will coexist with Bitcoin (fulfilling different functions) than that they will replace it as the main digital store of value.
🌍 LIE #5: "Bitcoin mining is DESTROYING the planet."
The Trap: It focuses only on energy consumption without seeing the context or solutions.
THE TRUTH: Yes, Bitcoin mining consumes energy, but:
An increasing percentage comes from renewable sources.
It encourages the search for cheap and clean energy.
Its consumption is comparable to or even less than that of the traditional banking system or gold mining, which also have a significant environmental impact.
The network offers unique value in terms of security and decentralization that justifies its consumption.
Stop believing these lies will allow you to see Bitcoin for what it really is: a technological and financial revolution with enormous potential.
What other lies about Bitcoin have you heard? Which of these surprised you the most? Share your opinion in the comments and help educate other beginners!
#bitcoin #Write2Earn
