Day 4

Subject: Heard this about Bitcoin [firstname]?

Hi [firstname],

You may have heard a lot of different (negative) rumors about Bitcoin, so in today's installment I want to set the record straight.

One question lots of people ask is: Isn't Bitcoin just a scam or a Ponzi scheme?

The answer to both is emphatically NO!  Nobody behind Bitcoin has intentionally set out to defraud anyone. Yes, some people do attempt to sell fake Bitcoins – which is why you should only buy them from trusted sources.  I'll explain more in a day or two.  Bitcoin isn't a Ponzi scheme because THEY rely on people buying in to finance the people drawing out.  Bitcoins don't pay interest, so the only way you'll make a return on your investment is when you sell it on at a profit.

Another misconception about Bitcoin is that it's only used by crooks and drug dealers.  Ever since the Wannacry ransomware attack in May 2017 (where the ransom had to be paid in Bitcoin) the currency has had a reputation as the criminals' “untraceable” currency of choice.

Let's nail that one right now… 

First off, as I write, none of the ransom Bitcoins from the Wannacry attack have been traded or converted into another currency. How do we know this?  Because the blockchain tells us so!   Every Bitcoin transaction ever made has been publicly recorded.  Hardly untraceable.  All transactions are anonymous, but that's not the same thing.  A police officer friend reliably informs me that drug dealers prefer cash – usually medium denomination, used bills with non-sequential serial numbers.  Those really ARE untraceable!

Another question people ask is: Won't the Bitcoin bubble burst any minute?

Maybe – or maybe not. Like any currency or commodity the price of Bitcoin fluctuates all the time.  The US Dollar, was riding high in the 1980's, but fell to a low in the 2000's. I could talk all day about stock market bubbles and fluctuations. You get the picture!

Warmly,

[Your Name]

PS. My Bitcoin guide isn't a scam; it comes with a money-back guarantee!  Get your copy now from: [link to sales page]. 