Enjoy your first buy with no fees |
Blockchain.com | The world's most popular way to buy, sell, and trade crypto | Trusted by millions since 2011 with over $800 Billion in crypto transactions. |
| |
| | | Cryptocurrency has reimagined digital money. Although it's been around for over a decade now, it's not always been in mainstream consciousness and is still considered a fairly 'new' currency.
With that, we often hear certain misconceptions about crypto. So, we've separated the facts from the fiction and debunked three of the most common myths about crypto. | | | | Myth #1 Bitcoin doesn't have any value Although Bitcoin isn't backed by a physical asset such as gold (neither is the US dollar, for example) there is a finite supply of Bitcoin, 21 million to be exact. So, when there is more demand for Bitcoin, the price goes up, and when there is less demand, it goes down. Like any other market, sentiment, and features of the macroeconomic environment, including inflation, also drive Bitcoin's value. | | | | | | Myth #2 Cryptocurrency is used for illicit activity only According to Chainanalysis, in 2019 an estimated 2.1% of crypto transactions were used to facilitate illegal activity, in 2020, this fell to just 0.34%. While there's still work to be done, statistics show that a sweeping majority of crypto transactions are used for genuine purposes. Our recent podcast episode with crypto-journalist Laura Shin explores how the media's portrayal of criminal activity in crypto has shifted over the years. | | | | | | Myth #3 Bitcoin is a Ponzi scheme By definition, a Ponzi scheme is a fraudulent investment operation that pays returns to early contributors using the money from later contributors rather than overall profits. While early adopters of Bitcoin have seen great returns, there are no paid dividends to these investors. And, as Bitcoin is decentralized, and operates peer-to-peer, there's no central body to operate a Ponzi scheme. Now that we've got the myths out of the way, are you ready to get started? Join the digital transformation and buy Bitcoin today. | | | | | Best,
The Blockchain.com Team | | | | | Was this email helpful? 👍 👎 | | | | | | | | © 2022 Blockchain.com Group Holdings, Inc. This is an agreement between one of Blockchain Access (Ireland) Limited, Blockchain (UAB), LT, Blockchain.com, Inc., Blockchain.com (BVI) Limited and Blockchain.com (BVI) III Limited ("Blockchain.com", "we", "us", or "our") and you (together with Blockchain.com, the "Parties" and each a "Party"). By using any Blockchain.com service, whether through www.blockchain.com, any associated website, API, or mobile application, you agree that you have read, understood, and accept all of the terms and conditions contained herein (the "User Agreement"), as well as our Privacy Policy available at blockchain.com/legal, Cookie Policy, available at blockchain.com/cookies, API Agreement, available at blockchain.com/legal/api-terms and Trading Principles, located at exchange.blockchain.com/legal. Important Note
Crypto is a high-risk investment. The value of crypto can fluctuate and investors may lose the capital they invest.
Digital currencies are not bank deposits, are not legal tender, are not backed by the government, and accounts and value balances. Blockchain.com's products and services are not subject to the US Federal Deposit Insurance Corporation or Securities Investor Protection Corporation, or any other non-US governmental or government-backed protections. Legislative and regulatory changes or actions in any jurisdiction in which Blockchain.com's customers are located may adversely affect the use, transfer, exchange, and value of digital currencies. | | | | | |
