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The cryptocurrency market is still relatively new and evolving, and with the recent rise in the popularity of bitcoin, it is fair to say that not many people are aware of everything they should know about digital currency. Whether your knowledge about bitcoin is limited to the headlines you see on the news, or if you have been an avid follower of it for years, here are a few things you probably did not know about bitcoin.

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Several myths and rumors have tried their best to dissuade bitcoin diehards, and potential bitcoin diehards, to quit investing in bitcoin. The mischaracterization of bitcoin can keep people from taking advantage of bitcoin and cryptocurrency. Because of this, a complete analysis of cryptocurrency is rendered impossible.

But, we will try our hand at it as we myth-bust some common bitcoin myths in myth-busting common bitcoin misconceptions.

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