Getting rich? Wrecking the most popular cryptocurrency myths

Bitcoin and cryptocurrencies have “ghost-value”

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You can’t buy less than one entire Bitcoin/Ethereum/Litecoin…

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Cryptocurrencies are illegal!

Image by Fathromi Ramdlon / Pixabay
  • Russia (allowed, but not to be used in exchange for any goods or services).
  • Vietnam (allowed, but not to be used in exchange for any goods or services).
  • Indonesia (allowed, but not to be used in exchange for any goods or services).
  • Cambodia (allowed, but not for the use of banks)
  • Canada (allowed, but some activities are regulated and some banks have banned them).
  • Colombia (allowed, but not for the use of banks)
  • Jordan (allowed, but not for the use of banks)
  • Bangladesh (allowed, but not for the use of banks)
  • China (allowed, but crypto-exchanges and ICOs are banned. The banks can’t use them either).
  • Taiwan (allowed, but not for the use of banks)

Cryptocurrencies are very difficult to use (and you can’t buy many things with them)

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Cryptocurrencies are anonymous and untraceable

Image by Pete Linforth / Pixabay

You can get rich easily just buying some cryptos

Image by Sally Jermain / Pixabay

It’s too late to invest in cryptocurrency

Image by Ruwad Al Karem / Pixabay

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