Cryptocurrency is not a Hoax - Deepstash
Persuasive storytelling

Learn more about moneyandinvestments with this collection

How to use storytelling to influence and persuade

How to create a compelling narrative

How to structure your story for maximum impact

Persuasive storytelling

Discover 49 similar ideas in

It takes just

7 mins to read

Cryptocurrency is not a Hoax

  • Cryptocurrency is accepted by many merchants and retailers
  • Investors are buying it as part of an investment strategy
  • Governments are debating how to deal with them

13

113 reads

MORE IDEAS ON THIS

#7 Cryptocurrencies Will Replace Fiat Currency

#7 Cryptocurrencies Will Replace Fiat Currency

Cryptocurrencies are new, whereas Fiat currencies have been in use for centuries. This would require a large number of people to adopt it. It may occur once value and purchasing power are established.

Fiat currencies are not easily given up by governments d...

13

86 reads

Why Is Cryptocurrency Not a Good Investment?

Cryptocurrency is still in its price discovery phase where an asset fluctuates until its value is established by supply and demand.

13

113 reads

#3 Cryptocurrencies Aren't Secure

#3 Cryptocurrencies Aren't Secure

Blockchain technology. It is a distributed database secured with encryption techniques and technology that is very difficult to break.

The encryption, linked blocks, and consensus mechanisms make it impossible to change information in the blockchain to steal

14

139 reads

Key Takeaways

Key Takeaways

  • Cryptocurrency is mostly used for legal activities
  • Cryptocurrencies are safe if you follow a security protocol
  • Cryptocurrency is a digital asset

13

277 reads

#8 Cryptocurrencies are a Fad

#8 Cryptocurrencies are a Fad

Do you remember when the internet, computers, and email were only of interest to a small group of IT geeks? You're probably using it right now.

This technology will likely continue to be developed and refined.

  • DeFi applications are gathering the interest of finan...

13

90 reads

#4 Digital Currencies Are Bad for the Environment

#4 Digital Currencies Are Bad for the Environment

Some cryptocurrencies employ a consensus mechanism that uses computational power and large amounts of energy to verify and validate transactions. 

Mining farms requires massive amounts of energy. 

  • high environmental impact. if en...

14

141 reads

#5 Cryptocurrencies Are a Scam

#5 Cryptocurrencies Are a Scam

Most cryptocurrencies have no programming, code, or malicious artificial intent that works to take money from you.

People have created scams steal your cryptocurrency or money. For example:

  • Unregulated fundraising for new cryptocurrency ventures—that turned out t...

13

117 reads

#1 Digital Currencies Are Only Used for Illicit Activity

#1 Digital Currencies Are Only Used for Illicit Activity

2021 data of Chainalysis:

  • transactions related to illicit activities (0.15%)
  • transactions related to cryptocurrency scams (82%)

Most cryptocurrency transactions are conducted with legitimate and legal intentions.

13

187 reads

Why Is Cryptocurrency Not Safe?

Whether cryptocurrency is safe or not depends on your perspective

  • How much you know about it?
  • What you want to use it for?
  • How you control it?

13

130 reads

#2 Digital Currencies Don't Have Value

#2 Digital Currencies Don't Have Value

Value is a subjective concept. a person, community, or society may place value on an object that another puts in the recycle bin.  

This is a great example:

  • Bitcoin in 2009. $0.0009
  • Bitcoin in 2021. $69,000

13

179 reads

#6 Cryptocurrencies Are Real Money

#6 Cryptocurrencies Are Real Money

The IMF defines money as a store of value, unit of account, or medium of exchange that is widely accepted and can be translated into prices.

The FINRA defines cryptocurrency as a digital representation of a stored value through cryptography.

The

14

88 reads

CURATED FROM

CURATED BY

cesargb01

Bolivian 🇧🇴 Engineering student ⚡⚙️

Because cryptocurrencies have grown in popularity in recent years, it is critical to be well informed on these new themes.

Related collections

More like this

What is Cryptocurrency?

What is Cryptocurrency?

Cryptocurrency is a form of payment that can be exchanged online for goods and services.

Many companies have issued their own currencies, often called tokens, and these can be traded specifically for the good or service that the company provides. Think of them as you would...

The RIght Attitude Towards Risk

  • Investing is basically “bearing risk in pursuit of profit.”
  • The ability to understand, assess, and deal with risk is the mark of the superior investor and an essential requirement for investment success.
  • The way investors are collectively viewing risk, and behaving in regard ...

Why the British monarchy survived

The British royal family survived by being more open and flexible than many others.

The French monarchy was destroyed in a blood-bath in the 1790s because it aligned itself with an oppressive aristocratic upper class who exploited the people. In contrast, the British royal...

stash-superman-illustration

Explore the World’s

Best Ideas

200,000+ ideas on pretty much any topic. Created by the smartest people around & well-organized so you can explore at will.

An Idea for Everything

Explore the biggest library of insights. And we've infused it with powerful filtering tools so you can easily find what you need.

Knowledge Library

Powerful Saving & Organizational Tools

Save ideas for later reading, for personalized stashes, or for remembering it later.

# Personal Growth

Take Your Ideas

Anywhere

Organize your ideas & listen on the go. And with Pro, there are no limits.

Listen on the go

Just press play and we take care of the words.

Never worry about spotty connections

No Internet access? No problem. Within the mobile app, all your ideas are available, even when offline.

Get Organized with Stashes

Ideas for your next work project? Quotes that inspire you? Put them in the right place so you never lose them.

Join

2 Million Stashers

4.8

5,740 Reviews

App Store

4.7

72,690 Reviews

Google Play

samz905

Don’t look further if you love learning new things. A refreshing concept that provides quick ideas for busy thought leaders.

Shankul Varada

Best app ever! You heard it right. This app has helped me get back on my quest to get things done while equipping myself with knowledge everyday.

Sean Green

Great interesting short snippets of informative articles. Highly recommended to anyone who loves information and lacks patience.

Ashley Anthony

This app is LOADED with RELEVANT, HELPFUL, AND EDUCATIONAL material. It is creatively intellectual, yet minimal enough to not overstimulate and create a learning block. I am exceptionally impressed with this app!

Laetitia Berton

I have only been using it for a few days now, but I have found answers to questions I had never consciously formulated, or to problems I face everyday at work or at home. I wish I had found this earlier, highly recommended!

Giovanna Scalzone

Brilliant. It feels fresh and encouraging. So many interesting pieces of information that are just enough to absorb and apply. So happy I found this.

Ghazala Begum

Even five minutes a day will improve your thinking. I've come across new ideas and learnt to improve existing ways to become more motivated, confident and happier.

Jamyson Haug

Great for quick bits of information and interesting ideas around whatever topics you are interested in. Visually, it looks great as well.

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving & library

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Personalized recommendations

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates