You are viewing a single comment's thread:

RE: Taking control of your Bitcoin in less than 10 minutes.

(edited)

Probably one of the biggest misconceptions newcomers have when being first exposed to this space. Also one of the first things I try to explain whenever someone asks me about Bitcoin.

Seeing Bitcoin as a commodity is another one of those misconceptions (imo). It has this touch of "investment fear" to it when viewed from that perspective. When I talk to people about Bitcoin I try to talk about it as an actual currency. A "foreign" currency but yet, just a currency. Thus "it's just money". I tell people when they buy their first sats they are basically engaging in a foreign exchange, one for another, just like you swap when you travel abroad.

How someone sees Bitcoin makes a big difference imo and you can take away a lot of fear and reservations if you talk to people about it in that way.

0E-8 BEE
1 comments

That is an interesting point of view. I still compare BTC to stocks because of its high volatility. Of course, currencies have that too but it's not "visible" if you know what I mean.

How someone sees Bitcoin makes a big difference imo and you can take away a lot of fear and reservations if you talk to people about it in that way.

That's a good point! Btw, do you blog about crypto in general? Would like to read more of your thoughts!

0E-8 BEE