No, neither gold has support and does not need it, bitcoin is backed by you,
me and millions of people who buy bitcoin like GOLD, in addition to bitcoin
it is backed by millions of miners like GOLD, this is one of the more frequent concerns since it is said that currencies
are backed by the wealth of a country, formerly the value of a currency was backed in gold but this no longer happens,
this is given by its use, its scarcity, its usefulness and, as haven of value, these are the same reasons why Bitcoin
has value, in addition to supply and demand.
2--->>> Has bitcoin been hacked?
This is the biggest myth, Bitcoin as a currency has never been hacked and neither has the blockchain protocol.
The hacks related to this currency are linked to wallets and storage platforms, but there are many ways to store
cryptocurrencies, not only in cloud wallets, but also in local, physical paper wallets or advanced storage devices.
3--->>>>>> Is bitcoin used for scams and black markets?
Yes, it has been used for illegal things because it is easy to use and relatively anonymous, but it cannot be generalized,
since the dollar and other currencies are also used in illegal businesses.
4--->>> Is bitcoin a pyramid?It is not a pyramid. While there are many scams around cryptocurrency, it is not a scam. However,
fraudulent systems abound around it. When investing it is important that you have control of your money,
detect early warning signs that it is a scam.If they offer you a fixed return (this is not possible due to its volatility),
if they have an affiliate system and you earn by referring people, if you cannot get your investment out in a
certain time. This is not bitcoin!
5---> Can bitcoin make you a millionaire overnight?
It's not really that easy, NO overnight. If you invest $ 1,000 NOW you will have more than $ 20,000
at the end of this year, which corresponds to a very good return, but you would not be a millionaire.
If you had bought in 2009, you would be, but it is not overnight. Although
it is an asset that has higher returns than any financial instrument, it requires time to see the results
and carries a risk since the volatility of this currency is high.
thanks for reading friends soon I will bring you more interesting material about cryptoeconomics
