Modern Australian Magazine
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Building a Governance Model for Headless Content Management at Scale

Image by pch.vector on Freepik There's never been a better time to implement a headless content management system (CMS) to gain the flexibility and ...

Understanding Trade Insurance: Essential Protection for Businesses

Image by Drazen Zigic on Freepik In the current economic environment, trade insurance is an important element for companies trading both locally an...

Choosing the Right Timber for External Cladding

Timber cladding is one of those finishes that pulls double duty: it makes a building look warm and welcoming, and it quietly shields the frame from ...

Top Services Offered by Diesel Mechanics in Brisbane

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Top 5 Benefits of Hiring Professional House Removalists

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Navigating the Digital Landscape: Managed IT Solutions and IT Services in Townsville

As technology advances at an unprecedented pace, companies must adapt to embrace the transformation ahead. With an evolving technology landscape, mana...

Types of Catering You Should Consider for Your Next Event

Choosing the right type of catering service can elevate your event from ordinary to unforgettable. Whether it’s an elegant wedding, corporate func...

Understanding the Benefits of Split System Installation for Your Home

Climate control is essential to maintaining comfort in your home, especially during the extreme temperatures that many regions face. Whether you’r...

Best Aluminium Window Sliding Designs for Natural Light and Airflow

Bringing natural light and airflow into a space is one of the most efficient ways to create a healthy and comfortable home. In Sydney and across Aus...

Maximising Operational Efficiency: Electric Winch Hire Australia and Hydraulic Power Pack Hire Solutions

Image by jcomp on Freepik From urban construction sites and remote mining operations to coastal maritime facilities, specialised equipment solutio...

Navigating the System: Your Guide to Support Finding Work with a Disability Around Melbourne

Image by freepik Finding the right job can be a challenge for anyone, but it can feel particularly daunting when you're also navigating life with a ...

Say Goodbye to Draughts and Hello to Savings: Your Guide to Perth Window Replacement

Image by prostooleh on Freepik Are your windows looking worse for wear? Are you paying a hefty power bill due to sneaky draughts and poor insulation...

5 Top Crypto Myths That Need To Be Burst Right Now

  • Written by NewsServices.com

Since their evolution in 2009, Cryptos have been highly fetched in the financial market. Although it has been quite a long time since Cryptos were first found, we still believe that a lot of people continue to trust myths relating to them. That is why it is significant to bust those myths and help you inch closer to the truth about Cryptos. Before we move ahead, do not forget to pay sufficient attention to Bitcoin Up for more relevant news relating to Bitcoin. So, instead of waiting, let us begin!

Myth 1- Cryptos Are Only Used For Fraudulent Practices

There is no doubt that we have speculated numerous cases of Crypto being used illicitly. But that is not what Cryptos were meant for. Moreover, many other forms of money can be used in the same illicit manner. You will also want to know that the cases for criminal cases relating to Bitcoins went down drastically in 2020. As such, you can expect lower Crypto scams in the years to come.

Myth 2- These Currencies Lack Value

Many people think that the value of Bitcoins in the financial market is not good enough. But it is quite the contrary. For example- Bitcoin gained its value right after its launch in 2009. In 2021, we saw it spike to $69,000 per Bitcoin. That is why you can expect the value to keep increasing with the passage of every year. Today, many business persons have also started to make the most of these Cryptos in various departments, mainly venture capital, finance, and investment.

Myth 3- Crypto Is Not Safe

Another difficult myth to fight becomes this one. Despite knowing how potential the encrypted features and security settings of Bitcoin are, people choose to believe that it is not secure. Since it is built on a blockchain network, you can expect the security to be top-notch. However, if there is any vulnerability, it lies in how the Crypto is being used, stored, or even accessed. So, necessary attention needs to be drawn to that.

Myth 4- They Are Not Eco-friendly

Yes, we do believe that some Cryptos are not eco-friendly. For example- Bitcoin is not necessarily good for the environment as it generates tons of electronic waste per year. But this doesn't imply for other Cryptos as well. Many Cryptos are highly eco-friendly and can be used safely without thinking twice.

Myth 5- Crypto Is Not A Good Investment

This is one of the most farce myths we have ever come across. With the growing value of Cryptos everywhere around the globe, it is safe to say that they are quickly becoming one of the greatest investment tools ever. So, we recommend you spend enough time researching them if you are still unclear about the investment part.

Winding Up!

These were some of the most crucial myths about Crypto that needed to be busted on time. We are glad we could do that for you.

Holidays & Travel

Why Personalised Ornaments Make the Perfect Christmas Gift

In a season brimming with sentiment and tradition, gift-giving is one of the most cherished ways to show we care. And while store-bought items can be thoughtful, there’s something especially...

Slowing Down in Nature: My Experience on Orchid Classic Cruise in Lan Ha Bay

Why Orchid Classic is a Top Choice for Lan Ha Bay Lan Ha Bay, a hidden gem adjacent to the more famous Ha Long Bay, offers travelers a quieter and more...

How to Reduce Turbo Lag with an Upgraded Mazda BT-50 Exhaust System

Are you struggling with turbo lag affecting your driving experience?  Did you know upgrading your Mazda BT-50 exhaust system could be the key to unlocking smoother acceleration and enhanced vehicle performance? Exhaust...

Surprise Party Ideas That Will Leave Your Guests Speechless

Throwing a surprise party is one of the most exciting ways to celebrate a special occasion. The thrill of keeping it a secret combined with the joy of watching the...

The Most Scenic Sailing Destinations in Australia and New Zealand

Australia and New Zealand are home to some of the world’s most breathtaking sailing destinations. With vast coastlines, pristine waters, and diverse landscapes, these countries offer incredible opportunities for sailors...

A Guide to Finding Caravans for Sale for Your Australian Road Trip

From the rugged Outback to stunning coastal drives, there's no better way to explore Australia than in a home on wheels. If you're considering joining the caravan community, you're likely...

Must-Have Outdoor Gear for Your Next Trip

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5 Innovative Caravan Accessories to Enhance Your Travel Experience

Caravanning offers a unique and liberating way to explore the world around us. Whether you're a seasoned traveler or embarking on your first adventure, having the right accessories can significantly...

Conventional Tent or Roof Top Tent? Which Is Better for Camping in Australia?

For camping in Australia, it depends on factors like terrain and climate. A roof top tent is sturdy in rugged areas and elevates you above ground risks. In flat places like parks...

Fashion & Beauty

The Best Nail Art for Short Nails

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High Visibility Work Shirts: A Must-Have for Workplace Safety

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Polo Shirts: Wardrobe Essential for All

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Biz Collection Workwear: Premium Uniforms for Australian Professionals

In this modern era, the presentation of the team matters the most in the growth of companies. The professional appearance attracts clients’ attention and doing the deal becomes easy. The...

Functional and Fashionable: The Rise of Ladies Workwear in Australia

A perfect change in the Australian workforce has been happening in recent days. Women are contributing a lot in the male-dominated workplaces. They are doing excellent there. So, the Australian...