BitCoin Myth Busting
Debunk the myths, misunderstanding and over-generalizations surrounding BitCoin
“I heard BitCoin is dangerous.”
Answer: All of the things that BitCoin is labelled
as being dangerous for, apply to money. Money
is in fact used for most illegal activities in the
“But BitCoin is anonymous.”
Answer: Once you understand how BitCoin works
it becomes clear that crimes committed with
money are far harder to trace.
“I heard BitCoin crashed!”
Answer: Just like any other commodity can do,
the price of BitCoin inflated and has dropped.
As more people and businesses integrate with
BitCoin, the more the price has stabilized.
“Is BitCoin a scam?”
Answer: No. It is a new invention that facilitates
the storage of value and transactions. The world’s
top business and programming minds have merged
with enthusiasm to embrace this new invention
called digital currencies for many great reasons.
“Is BitCoin even legal?”
Answer: Every country has different policies
regarding BitCoin. Many, including New Zealand
are embracing this technology and allow
transactions using BitCoin, and the purchase of
We encourage you to do your own research with regards to the law and BitCoin.
Search: BitCoin Law in (your country)
Watch the BitCoin Myth Busting Video Now:
We encourage you to do as much research as you can or want. You'll see that digital currencies, or CryptoCurrencies are one of the most fascinating inventions of modern history. Their real-world utility has already been proven over and over again.