What are your misconceptions about cryptocurrencies?

June 2, 2019 6:20am CST
Dear members, Even though I am not on a mission to promote cryptocurrencies, but I have seen a lot of people are carrying a lot of misconceptions about it. Examples, 1. Converting crypto to cash is a huge task and takes a lot of money 2. Crypto is illegal and so on. I won't say all of them are true but I will try to provide a clear explanation if you have any questions on cryptos. Please go ahead and ask!
2 people like this
5 responses
@dya80dya (36486)
2 Jun 19
How can we convert crypto to cash?
1 person likes this
2 Jun 19
Visit websites like Localbitcoins, Localethereum, Paxful, Binance.
@AKRao24 (27424)
• India
2 Jun 19
Why at the first place there is any need of crypto currency when every country is having its own currency and is being accepted by all other countries?
@AKRao24 (27424)
• India
2 Jun 19
@Avikrdas , There are millions of articles about crypto currencies and i have been doing a lot of studies on the currency and find it no good on exiting currency. Please read this:
https://www.vox.com/conversations/2018/4/11/17206018/bitcoin-blockchain-cryptocurrency-weaver
2 Jun 19
@AKRao24 There will be difference in opinions. I may feel differently than you on a given topic, but that doesn't make new ideas look bad!
2 Jun 19
I would request you to please read this, https://medium.com/@musback/why-our-world-needs-digital-currency-39c7552c730e
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@psanasangma (7281)
• India
3 Jun 19
First question is Do my country allow to invest.. Is it legal ?
3 Jun 19
Bitcoin is not a legal tender in Indian. However, the government is working on a framework to regulate cryptos in India and the drafting of that framework is still ongoing. We expect to hear few things about it during the upcoming budget session.
@josie_ (10034)
• Philippines
2 Jun 19
Digital currencies is still a mystery for me.
2 Jun 19
Yes, it is a mystery to a lot of people. Please let me know if you have any specific question.
1 person likes this
@Nakitakona (56486)
• Philippines
2 Jun 19
My misconception is I don't know this thing.