The Six Biggest Misconceptions About Bitcoin


Confused about Bitcoin? You're not alone. After all, it's pretty new - it made its debut in 2008 in the form of a white paper by the mysterious Satoshi Nakamoto, and it was launched as a currency as recently as 2009. There is a lot of sound and fury in the press, much of it misleading. Investopedia comes to the rescue with this list of the top misconceptions about Bitcoin, with the help of our crack team of external consultants. 

  1. No results found.
Related Articles
  1. Trading Strategies

    Winklevoss Interview: Bitcoin Payment System Worth $400 Billion

    The bull case for Bitcoin is often expressed as an estimate of the future value of all Bitcoins in circulation once it reaches its potential. The most widely known estimate of its intrinsic value ...
  2. Personal Finance

    Bitcoin IRS Tax Guide For Individual Filers

    The is the most comprehensive analysis to date about the IRS tax guidance on virtual currencies like Bitcoin, announced in March 2014: What records to keep, what enforcement challenges you need ...
  3. Economics

    Who Is Satoshi Nakamoto, Mysterious Bitcoin Founder?

    Short answer: No one knows.
  4. Forex

    America Launches Its First Bitcoin ATMs : Q&A With Liberty Teller Co-Founder

    Investopedia interviewed one of the co-founders of Liberty Teller, a start-up company that launched the U.S.'s first Bitcoin ATMs.
  5. Active Trading

    Bitcoin Mass Hysteria: The Disaster that Brought Down Mt. Gox

    The disastrous halt in trading on Mt. Gox, a popular Bitcoin-trading web site, sent the Bitcoin world into a panic.
  6. Investing News

    Bitcoin Innovations And Obstacles

    Investopedia explains the development of the Bitcoin digital currency system and the risks associated with using and investing in it.
  7. Economics

    How Bitcoin Works

    Bitcoin is a digital currency that exists almost wholly in the virtual realm, unlike physical currencies like dollars and euros. A growing number of proponents support its use as an alternative ...
  8. Forex Education

    Bitcoin May Be The Currency Of The Future

    Forget the dollar or the euro. Bitcoin may be the next big currency to hit the world.
  9. Investing News

    The Five Most Disruptive Technologies of 2015

    A breakdown of the five most important disruptive innovations in 2015, including wearable technology, ride sharing and smartphones.
  10. Forex Strategies

    Benefits & Risks of Trading Forex with Bitcoin

    Want to trade forex using bitcoins? Don’t jump on the bandwagon until you compare the risks to the benefits.

You May Also Like

Hot Definitions
  1. Zero-Sum Game

    A situation in which one person’s gain is equivalent to another’s loss, so that the net change in wealth or benefit is zero. ...
  2. Capitalization Rate

    The rate of return on a real estate investment property based on the income that the property is expected to generate.
  3. Gross Profit

    A company's total revenue (equivalent to total sales) minus the cost of goods sold. Gross profit is the profit a company ...
  4. Revenue

    The amount of money that a company actually receives during a specific period, including discounts and deductions for returned ...
  5. Normal Profit

    An economic condition occurring when the difference between a firm’s total revenue and total cost is equal to zero.
  6. Operating Cost

    Expenses associated with the maintenance and administration of a business on a day-to-day basis.
Trading Center
You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!