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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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News regarding bitcoin and other cryptocurrencies is difficult to ignore these days. Bitcoin is essentially a digital currency that came into being in January 2009. Its balances are maintained on a public ledger that is globally accessible.

Bitcoin is neither owned by anyone nor issued by any banks or governments. It is the first cryptocurrency to achieve widespread popularity across the world. Here are the answers to some of the frequently asked questions regarding Bitcoin:

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