Bitcoin Forum

Its time to hear if bitcoin is legit or not!!
Someone with good and legit reputation need say here if bitcoin is secure safe and legit!!


We Trust USA dollar because its Federal reserve are legit guys!!

So is bitcoin good or not?

Someone like donald Trump should if its legit

I am not that too good about cryptocurrency but I can say that bitcoin is legit and secured as long as the wallet storing it is safe and legit, bitcoin is easy to be stolen by havkers and scammers but is hard to return but this can be prevented once you are using a safe wallet.

Bitcoin itself is legit, it was made year 2009, how can you say that it is fake if until now it is atill existing, bitcoin lives for 11 years as of now and it will live longer for the future.

I wait for donald Trump or Putin ,  Simonetta Sommaruga or pope of vatican opinion If btc is good or not!!

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If bitcoin Don't get better I give maximum of 1 year more bitcoin to survive!

If things not get better with btc it will not last long

[moderator's note: consecutive posts merged]

Yes, bitcoin is legit, so far you do not steal it, it is legit. So, the answer depends on what you think, if you think it is legit like fiat, then it is legit.

So, that means scammers and thieves can not steal US dollar or any other fiat from you? No. Or, you mean US dollar and other fiats can not he used by scammers? No. Or, does that mean you are completely safe because you have fiat with you? No. If you think about it very well, you will realize bitcoin is legit, that thieves and scammers are the ones that are not legit but forbidden.

If fiats are used by scammers, and if scammers scam people and collect fiats from them, then is fiat legit? Governments will only be deceiving you people, but only people that have knowledge about bitcoin will know how legit bitcoin is. You do not have to depend on any person to hold your bitcoin for you, you can hold it yourself without anyone linking the funds to you, unlike fiats.

If reputation was all it took for something to be real or not, then scientists, researchers, developers wouldn't even be needed. Actors, Artists, Politicians would be the only ones you'd actually need. Please, a simple definition of Bitcoin, add that with 10 years of it's existence should be more than enough for you to understand that Bitcoin is legit and safe. I'm amazed how you have the time to post in this forum asking questions that a simple lookup could answer ing 5-10 seconds.

Also, if you were to ask what Trump's stand on Bitcoin then here you go:
A year old, just looked it up and this is what popped up. Just goes to show that even if he said something like this about Bitcoin, those in the know would not simply abide or believe by whatever he says, and only the ignorant would.

Source:https://www.forbes.com/sites/youngjoseph/2020/06/10/donald-trump-said-bitcoin-is-based-on-thin-air-but-wall-street-is-buying-en-masse/#603f18d04d27 (https://www.forbes.com/sites/youngjoseph/2020/06/10/donald-trump-said-bitcoin-is-based-on-thin-air-but-wall-street-is-buying-en-masse/#603f18d04d27)

BTC is legit. As for it being secure, well that depends on how well prepared you are and where you do your transactions.

Trusting the US dollar at times like these is probably more risky than entrusting BTC and the reason for this is because the economic crises has lead to the US government like many others to print more money, plug these into the economy in the hope to temporarily make things better.

The fact that this was done by just printing more money is where the issue lies as all that newly printed money is no longer backed up by gold, as it would usually be so the value of the dollar is very low. In a way with no collateral to back up the newly printed money all these currencies are in effect no different from BTC

I searched your topic on google and below is what I found


This is enough to tell you need to keep your hodlings safe to yourself. Bitcoin itself is legit and safe in whatever wallet it found itself. That means it could be safe in your wallet if you rightly keep it safe or safe in your neighbours wallet if you wrongly send it there. ;D. It is also safe in a hackers wallet. Safe wherever it founds itself. You can only trace it with the hash transaction but may not recover it.

Bitcoin is unique.

Bitcoin is the digital gold.

Bitcoin total supply is limited at 21 million btc and many millions were lost.

Bitcoin is your bank. You can be the only boss of your bank

Thts a redflag all ready!!
Will there will be news that Trump will say btc is good?

You do realize that you're on the Bitcointalk forum, right? What opinions were you even expecting? Heavy criticism? The reason were into bitcoin in the first place because a lot of us don't trust fiat money and central banks.

bitcoin is still valid because it has its own society in it, why with Trump he is only the leader in America while bitcoin is legal for all countries, so why wait for Trump to legalize it, whether or not bitcoin in your eyes is your decision, learn more about bitcoin at least you might be able to know more

There are already many other topics on the forum explaining what you asked here. But I'll repeat, Since bitcoin is not centralized and not getting controlled by any government, It's not possible to have a governmental or federal leveled negotiation to someone and announce it federally legit or not. Actually, that's a positive point of bitcoin. Otherwise, bitcoin would not be borderless and available in all other the world.

Can any good coders check btc code and approve that btc is good!
I mean how we know Satoshi Don't have some backdoor to steal our bitcoins?

I have seen some of these questions far in time ago. Bitcoin is still here today trading and doing fine. I think some countries that try to make news about banning bitcoin are the reasons for this further question. Bitcoin is getting strong in value, use, worth and in every direction.

of course it's legit, how many times I have made payments with bitcoin or exchanged it for FIAT.

Good point, Seems like you are not familiar enough with bitcoin project and kinda new.
To be short and simple, bitcoin project is completely open source and transparent and all the codes and updates are available on GitHub fro beginning to end. So, anyone can check the code and make sure if it's completely safe and secure or not. Actually, that's the reason of why many people can trust it otherwise anyone could places backdoor on it and take everything.

You have been in this very forum for a year now, and have been talking about bitcoin here and there, and just now you're asking whether bitcoin is legit or not? ::)


Let's add some layer of tin-foil to your hat: what if the 'good coders' are all conspiring to tell people that bitcoin is legit when in fact it isn't, and are being paid for their work to continue this on-going collaboration with all coders taking a look at bitcoin?  :D

You see, bitcoin being open-source means it's open to any and every criticisms and code reviews. For the past 10 years, no one has found a backdoor of some sort to the code. If there is one, what good would it be when most of the coins are already disseminated, and the network is already big to revert unacceptable changes if one is to happen? You also have the concept of value already pinned down to bitcoin's core. Once people noticed that some shady event is happening within the protocol, bitcoin will immediately lose its value, rendering the efforts of satoshi installing a backdoor futile.

And besides, the dude probably has over 1 million bitcoins at his disposal. Why would he need to create a backdoor for future use if he can just tap his wallets for funds?

All Right perhaps donald Trump might not the right person to give approval of Bitcoin since his not a coder... Lol but who knows maybe he knows about coding
Is ethereum also with Open source?

I was about to answer this, and you beat me to it.  :P

The OP raises an important question, but it's rather silly at this point.  The bitcoin software has been freely available for anyone to read since the beginning.  Any C++ coder that has an interest in bitcoin may have probably gone through quite a bit if it (it is a fairly large piece of writing). And so far none have piped up about some "back door".  In fact many have contributed to the writing of the code.

So the point is moot at this time.

Yes, Ethereum project is another open source, blockchain based and decentralized project.

The bitcoin comes for over a year and its already give a good investment outcome to different people the reputation and integrity of the bitcoin are already build up so there is no doubt the bitcoin conquer the whole market of the cryptocurrency for over a years, there are a lot of people doesn't believe that the bitcoin exist because they didn't see this intangible thing so they don't believe, bitcoin is already legit and trustworthy, there are a lot of people are using this coin to make transactions to different people over the world. Are you still doubt about the use and if this exists?

OP think does not believe in the bitcoin even the creator of the bitcointalk is Satoshi Nakamoto.

That type of thinking starts to get ridiculous. ... How would a disparate collection of people across the internet, that don't know each other are all working so closely together to pull off some major operation to fool millions across the world. ... Over a hundred thousand once pulled something off like that in secret to work together to build the first A-bomb, but that was a different circumstance.

It would be equivalent to suggest that all those people working together for nasa in the 1960's spent all that effort to not send people to the Moon.

I'd suggest, read through the code yourself, or watch some videos that explain the building of the bitcoin code, to then help you get a better idea of what has taken place.

Bitcoins are legal to own, nobody forbids us to own them. In legal bitcoin payments in some countries, some are not. If you're talking about legality, consider gold and any other rare metals. They are not regulated on a currency list and no one can guarantee their value but they are still valuable.
Do we only consider them legal for payment?

Its really true that GO=old and other precious metal has a value but crypto currency is a platform where you can do transaction ,mine and various use as well. i don't think legality is all we need but we can still use btc as unknown .I think its my own bank where can i control everything myself and its legal for me everywhere .

I believe that a considerable number of people on this forum will attest to the fact that bitcoin is legit. I think the problem here is with your definition of 'legit'. If you mean 'legit' as legal to own, the bitcoin is legit because no one or country has forbidden anyone to own bitcoin even those it might not have been adopted for payments.
The security of bitcoin is dependent on the user. The coins are completely in your control and it's your fault if they are stolen by hackers or scammers. So bitcoin is safe if you can maintain a high security profile.
Although Donald Trump's endorsement of bitcoin will go a long way in its adoption, it is not for him to decide whether or not bitcoin is legit or important

If you consider the USA dollar legit merely due to its being issued by the Fed then we need not proceed with the discussion. From that point alone, it seems we cannot meet at a common ground. You might just end up calling Bitcoin the opposite of legit merely because it is not being issued nor recognized by the Fed. And worse, merely issued by a nobody who is not even known and found in person.

It's open-source. It's our own job to decide whether it is or not, through research. If you don't want to trust other members of the forum and so many wealthy individuals and smart tech guys who've decided to invest in Bitcoin and trust it, then you could learn C++ and analyze the source code yourself.

If the system that has enslaved you is what you call legit guys, you should love Bitcoin. :)

Nowhere will you ever hear a governance praise something that is supposed to eliminate the need of governance. It's kind of a self-destruction. The Queen of England is 94 years old, do you really think she still has the capacity to study Bitcoin or understand it?

If Something happens with USA dollar at least we Can blame someone.
If Bitcoin then who??  Satoshi? 
Lol,  That's what is the difference between Good and legit USA dollar is Good and as I told until 2025 USA dollar Will be very strong.

Eur and USA dollars 2 kings!! 
But Bitcoin???  Well not Even close to

Compared to your current trust rating, Bitcoin is more legit and it will stay legit even if Donald Trump will be no longer as the President of the united states of America. So don't make a comparison between that joker to our beloved BTC. If he doesn't want to buy it, then no one would ever ask for his permission for the Bitcoin to become legit. Bitcoin will always there and it will remain number 1 in all of the crypto markets.

what do you mean donald trump should if its first? you mean you need a clarification from a person like donald trump? of course bitcoin is legit and secure but in terms of volatility there's no assurance of it since it can increase and decrease dramatically.

Bitcoin is legit, if in doubt might as well do not involve in cryptocurrency. Although we have different views, bitcoin has already been helping many users through these years. If in terms of value it is volatile and it is our responsibility how we can secure our assets in crypto.

Nobody. That's the thing you don't get: there's nobody to blame, because nobody is controlling it besides math and codes. If Bitcoin ever fails as a project that's been going tremendously so far, call it natural selection - or the natural occurrence of events.

Bitcoin has a precise inflationary rate. USD's supply in circulation could be doubled, tripled or quadrupled within a day if the authorities decide to do so. I mean, the Hungarian Pengő (https://en.wikipedia.org/wiki/Hungarian_peng%C5%91) didn't go well at all thanks to inflation. You could blame Trump all day long if you will - your life would be affected anyway. This is something that will not happen to Bitcoin. Bitcoin does not have a money printing machine.

I'll repeat: we've been enslaved by the monetary system. I would call these two fiat currencies anything but kings. Bitcoin is our first opportunity of giving the people back the control handle.

Maybe bitcoin is hindered by a central bank, but bitcoin rises in value when it is supported by a celebrity like the US president. Bitcoin will be the place for the dollar to have more liquidity.
Bitcoin will be legalized but only happen in a few countries, I do not fully believe that Bitcoin can be used all over the world.

The question is already answered by the forum and there are already news circulating around Bitcoin. If its not legit, how come people are learning and utilizing the Blockchain Technology to use Bitcoin. Bitcoin is actually one of the best invention and it already helped a lot of people who earned it. Bitcoin's value will keep on prospering as long as there are supporters which will trigger the supply and demand situation.

If we are talking about bitcoin then obviously it is legit. Some government are not accepting as legal for being decentralization. When people will use bitcoin in wide range, then people not asking about legalization.

We don't need someone with good and legit reputations to say bitcoin is safe, secure, and legit. We can give our opinion to ourselves about how bitcoin can work for us. If you can get the benefits from bitcoin, and you still believe that bitcoin is the way to get what you want, you can say that bitcoin is legit, and you can spread it to other people. I am sure that for people who use bitcoin and get the advantage of bitcoin, they will say that bitcoin is legit, safe, and secure. That will depend on each user who uses bitcoin, but people out there can say different things about bitcoin, but we don't have to listen to them.

That quote is funny but true, everything stated there are real facts, bitcoin is only as secured as the wallet holding it :D, and securing it should be everyone's number one priority, because hackers are always trying to get it, so it's either safe in yours or theirs, it's your choice to decide who gets to keep it, if it's not safe with you, the hackers wallet might be safer and comfortable for it :D.

I didn't imagine that after 10 years of bitcoin's existence to the market, numerous fall down and rises, staggering ATH at $20k, some would ask if bitcoin is legit or not. Talking about it's security, bitcoin was made  using cryptography that even supercomputers now can't break. You might just wonder why there are some cases where bitcoin is involve with different scams and fraud, if that's the case try to question also the fiat involvement with that since the beginning it was existed.

actually, I'm confused about what to answer!!  I am just confused that there are still people in this forum who don't believe in Bitcoin :D

what the xxxx!!  why ask old people about Bitcoin?  those who are old are no longer able to understand about the latest technology whether an old queen.  You must know the answer that the warren buffet issued about Bitcoin, Buffet's answer to Bitcoin represents those who are old.  trust me, if you ask about Bitcoin to Elon Musk surely he will give you a good answer..  :D

In addition the answer provided, bitcoin is secured by military grade cryptography and also the decentralization of Bitcoin make it impossible for Satoshi or anyone have some backdoor to steal people Bitcoin if the coin wallet holder avoid human error which may expose his bitcoin holding.
Nevertheless, Bitcoin is legit and if not some government which make research about it and support it wont have.

Nothing is legit  except you tried on your own part because someone giving you hope about how good is cryptocurrency especially bitcoin you won't understand it or believe it, because I seen it as something that should be done based on practical aspects of it and the theoretical aspects of cryptocurrency. Legitimacy of anything base on my views our wash and wants towards objective, looking at it in other way I can directly assure a new user that Btc is legit.

This question should be made when Satoshi launched Bitcoin in this forum for the first time. I guess there was already the same question like this, so it is not needed to ask again, mate. You should know the answer, with all Bitcoin's achievements so far, it is very easy to say that "Bitcoin is legit". Well, although not everyone can gain profits, we must admit that there are already many people successful in Bitcoin investment or trading. If there are some to fail, it is probably about the strategy or careless way in investment/trading.

Perhaps, it is a story to tell that Bitcoin exists more than a decade, people are using it, and they find it legit.
Should we need Trump and Putin to clearly say Bitcoin is legit and not scam? I don't think that US President will do that because he is against crypto since before...

But I saw some changes in his mind...
If he could find out and realize that they can benefit from crypto, he'll surely annouce it. But I don't need to wait for him because in myself I know that Bitcoinis legit.

those who fail to invest in their crypto fail or give up quickly, many investors are successful and they admit it. Profits and losses are commonplace and also occur in real-world sales.

Well, bitcoin is legit. At least, that is what I know about bitcoin. I can make real money from bitcoin, and so far, I am still trying to make more money. I don't know what people reason to say bitcoin is not legit, but I only think that people do not benefit from bitcoin, so they say like that. But I don't want to force people to say bitcoin is legit because that will depend on bitcoin's perspective. It is up to them to judge bitcoin because they use bitcoin or not because I do not know. But bitcoin is for everyone who believes and wants to use bitcoin.

Bitcoin is the reserve currency for the crypto world. It's here to stay, not an exit scam so It's never to late to make investment on it. We should not give up, the initial period investors are in profit that's true so people who claim this is loss sector those are definitely might fail to realize how potential it is or unhappy to see others success.

Bitcoin already survive for more than a decade already and it has been better from where it started I don't know what you are really asking here.
Your question here depends on each point of view it is legit for those who believes it and not for those who have lost a lot and decided to quit on it.
You could never know how much time it has or how long it would last and I don't know how would you say that it would be better because for me it is better compare to it's low value last year.

actually very simple that we know crypto clearly is bitcoin not another token even though it is also contained in it. but crypto is bitcoin is one side that has happened so far.

is it profitable to hold and invest bitcoin if that question occurs, obviously profitable because we all know that we are all pursuing and investing money in bitcoin, which is mainly new to other tokens.

the conclusion is that bitcoin is very good and generates profits for those who hold it and invest it, although the risk of loss can also occur if you are impatient and quickly panic in the face of a downturn in bitcoin situation.

john mcaffee said that bitcoin is not legit  . you believe on that ? people here are common so  if we say that bitcoin is legit wont you believe us ? the truth is that mcaffee lied bigtime when he said that on public and take note that the guy has a big reputation so im thinking that other reputable person can do this or can use thier reputation to destroy a thing that they dont like . the only member on this forum that has a high reputation are some staff , old memebers , and dt memebers and theyl prolly say that btc is legit .

If Satoshi will not made a statement that bitcoin is not legit then it is a genuine thought for me. But famous people like John Mcafee or even Warren Buffet, now way! I just wanna do my own research than what they have said. If bitcoin is not legit then we never seen it grow just like now. It devaluates when it sudden moved in 2017. However, we can see how far it has done since it launched in the market. Many people thought that bitcoin is a scam because there are many scammers who used bitcoin as their front in scamming people. Due to the lack of knowledge, we easily enter the scam which leads us in trauma in terms of investment.

I think Bitcoin is perfectly legal to use and in some countries it even uses Bitcoin and there are no problems with using it, but why don't you trust Bitcoin, I think you should really learn more about using Bitcoin and how. Bitcoin has evolved until recently, so you can understand what Bitcoin is in the future.

Bitcoin is a decentralized currency, that is on a digital form. If the local currency we are using in different parts of the world is legit money, bitcoin assets is 100% legit. Therefore, bitcoin is a real money that can be convert to our local currency at anytime.

Bitcoin is not a corporation or a group of individuals doing anything wrong with the planets, so why is it illegal? The legitimacy of bitcoin will depend upon its intrinsic value. Its like digital wallet that is only available on the internet.

Actually, bitcoin is legit it's just that people are abusing it that's why some people still doubt Bitcoin. I don't know why you still have some doubts and still ask this kind of question when you have been active here in the forum for some time already. Also, would people like us still be into Bitcoin or even spend time here if it's not legit? While safety is already on your part, how you will secure your assets.

I would understand OP asking this question if you are new to bitcoin but since you've been here for a year now, why still ask this kind of question?

If you will browse his post history, he has a lot of threads created but some of them are really meaningless. What I want to say is, questions that you can answer yourself by common sense. So I don't know if the OP is trolling the forum or he is serious about stating his opinions? But just to give brief answer whether bitcoin is legit or not. Absolutely legit! Because if it is not, maybe up until now you can't convert it to your fiat. So for me, that's the easy answer on that. Bitcoin has equivalent fiat value in the market. This is the reason why you can spend it in so many ways. I don't know what's the point of the OP here. If he doesn't believe in btc, why is he still in the forum?  :P

Bitcoin is legit, it is safe, and very user-friendly. People are doubting bitcoin because of the scams that was being reported that involves the use of bitcoin. Bitcoin can do a lot of things into our investments and our lives, and we should not waste the opportunity to use it as an asset. This coin already proved something in the market and our community and makes a history on 2017-2018 where it reached its ATH of $20,000. Right now, we are still hoping that bitcoin will make another ATH maybe 5 years from now.

I won't go here if bitcoin is not legit. I am one of the proofs that bitcoin is legit because bitcoin is the one who helped me to earn a big amount of money. It's safeness depends on how will you protect it and if you give so much effort to protect your bitcoin then you will surely be having a safe transaction. You also need to have a lot of knowledge to keep your transaction safe and you have to know where to trade and where to sell your bitcoin so that you can minimize the transaction fee.

bitcoin is legal and many people already admit it,
for security depending on where to store Bitcoin, like dollars if we are not good at storing it, someone will take it,
Maybe what the OP meant, important people like Trump already admit that Bitcoin is legitimate, so Bitcoin is really legitimate. I think that's wrong thinking

i think being legal and legit are two different word . op is asking if its legit and not if its legal or not .

 those people that said is legal can be biased because they are living on a country where btc is accepted by the government or in other words already legal but theres a country too where btc is not yet legal . its a wrong thinking to believe on what others are saying  but you can research it to find out if what they are saying is true or not  but if they say btc is legit , that is the truth  . no need to research for that :)

I'd not say the Bitcoin is 100% safe but I can assure you it is legit. I think there are several reputable people who have already claimed Bitcoin was legit and as a matter of fact, they've probably been procuring worth millions of it.  Besides, I don't think people like Donald Trump or other members of the government will claim it as legit and safe because it seems a threat to them, the fact that they don't have the power to manipulate this decentralized currency. So if I were you, you don't need to follow someone's opinion especially if they have no experience any of it, regards Bitcoin or Crypto.

bitcoin is legal but only applies to countries that have accepted bitcoin as a means of payment. at this time we can see that not all countries accept bitcoin as a medium of exchange. if you want to buy bitcoin it is the right choice but we must store it in a safe place, so that it is not easily stolen by others. there are some good bitcoin wallets in my opinion namely: Coinbase, Electrum and Blockchain.

That is a good point. Just because its legit doesn't mean its already legal because some legit things can always come from something sinister. Like in most third world countries. The legitimacy of using Marijuana in being helpful in medicinal field is legit but it is no way legal in some places. Bitcoin on the other hand is not yet labeled as illegal in our country so its really fun to get to use it.

Of course Bitcoin is legal.  Many countries have legalized Bitcoin.  If you want to buy bitcoin.  Then first you have to take steps to save it in a good place.  So that no one can steal.  If you keep a valuable item in an unprotected place, it will be stolen.  The idea should be to store a very valuable thing like bitcoin in a safe place.  Finally, important people like Trump have given the green signal to Bitcoin.

A more than ten years of existence is enough to tell you that bitcoin is Legit.  But sad that it was not legal in all countries. Legitimacy and legality are different. Bitcoin is legit but not legal all over the world. There are still countries doesn't accept bitcoin and government are also avoid accepting bitcoin because of it's decentralization. In my country even it was not yet legal but we are free to use bitcoin.

Bitcoin isn't offering you X% return on X days, so you don't need to ask people whether it's legit or not. Bitcoin's model is such that you don't need to trust anyone, rather depend on verify. So, you can verify it yourself.
Sad that someone here are trying to spread FUD. Forum is a place of meeting people from same interest, you are quite opposite of that.

10 years after the launch of Bitcoin, we are still asking if it is legit!!! So many persons have successfully transacted in bitcoin over the years. Bitcoin is waxing stronger as the most profitable investment.

One thing that bitcoin has is the immutable recording system. It is very legit. 

I had found this thread often on this forum.The wondering one is still the OP had not get the specified results.In USD ,we don't have option to believe or not.It should be believed at any circumference.Because it was a form of currency used widely and easily exchangeable.Bitcoin is similar one to USD,it will became a universal currency soon.

If by legit you mean legal, yes it is. Everything is real about bitcoin from the technology behind it, the code that is built upon to the adoption by institutions, companies and individuals. If you need a written letter from a lawyer that Bitcoin is legal, you don't belong to this place. Cryptocurrencies are about a vision that is changing the world as we speak. This is the reality, like it or not.

If bitcoin is not legitimate, then I'm not sure there are some countries that legalize bitcoin and also, even though bitcoin is only used as an investment asset, I personally still think that bitcoin is legit and it doesn't hurt to own it. Indeed, there will always be negative views regarding crime and other things that may continue to make bitcoin's image worse, but with bitcoin being able to continue to grow and survive until now, I don't think those negative views have any bearing on bitcoin's future.

in my country Bitcoin is legal...
as long as Bitcoin is not used as a means of payment then it doesn't matter in my country. Bitcoin has entered into one of a type of investment in my country and cannot be used as a means of payment.

i agree with you mate, bitcoin makes us.happy.& we can lead life with happiness. bitcoin like oneline bank but need to use it in proper way. many country dont accept bitcoin , bangladesh is one of them.

Until now there are still those who doubt bitcoin, I think this is ridiculous because how could it be that if bitcoin is not legitimate it can have a very expensive price from the price of 2009 which is still very cheap to increase the price in 2017 to more than $ 18k, is that still not enough to provide do you believe that bitcoin is legit? many use blockchain technology in various companies and blockchain technology the owner is bitcoin, so your OP must know that bitcoin is very LEGIT.

Of course is legal, the question is if it's safe, and of course you can't compare it to the dollar. It's like comparing a Nasdaq Pharma with the SP 500, the Nasdaq Pharma is legal and can make you multiply the investment, but your investment is not going to be safe, you can lose everything

If you watched the news many investors Institutional or retail are starting to adopt Bitcoin allocate 1% of their portfolio to it, because of the fear that the current financial system might collapse through massive money printing specifically trillions of newly created cash is printed daily, and this has increase the supply of the dollar, which decrease a purchasing power of your money. That's why Bitcoin is more legit than any other fiat asset because the supply is fix, and its not controlled by the banks that can steal your money.

Yes btc is replacing oil and Gold now
Norway oil all ready have btc as new backer for currency

As Far I know btc will go now about 30k
And then it will start volatility like 50-100k up and down its big now

Although my experience is not much in the crypto world, I consider that Bitcoin is very legit. There’s been a lot to prove that bitcoin is legit, from investors to bounty hunters. Many of us already take profits from trading bitcoin or long-term investments, and not a few are rich from the proceeds of investing in bitcoin. When it talks about security, I think bitcoin will be safe, if we keep them in a wallet that is secure and trusted not to get hacked.

I'm sure most of the members of this forum will say Bitcoin is legit, because indeed the members who join this forum trust Bitcoin
more than fiat. So I will also say the same thing that Bitcoin is legit, Moreover, during the 5 years I used Bitcoin, I was successful
to get profit from Bitcoin, surely I will without a doubt say Bitcoin is legit and very good for investment. I don't need Donald Trump
to say Bitcoin is good to believe Bitcoin is good, after all, it is unlikely that Donald Trump would say anything positive about Bitcoin,
if he himself was anti-bitcoin.

Bitcoin surely is a legit thing if not then why many people that do trading become successful? It's just that bitcoin or cryptocurrency is a complicated thing. Also, the number one proof that bitcoins legitimacy is the bitcointalk itself because if not why would this forum exist for a very long time as bitcoin exists.

I consider bitcoin legal because Bitcoin has been around for more than a decade and everyone can still use it well, and there are some countries that legalize it as a legal transaction tool and there are also countries that consider bitcoin illegal for several reasons but individually they can still use it .
and in my personal opinion as long as I can use it, I consider bitcoin legal and even though in the country where I live, bitcoin cannot be used as a transaction tool but can still be used by exchanging it for fiat so that it can be used for anything.

Bitcoin is legit, it can be use as currency to purchase or investment due to volatility. However some countries set bitcoin as illegal because of their government stance regarding cryptocurrency. Your bitcoin is safe and secure depending on the wallet you will use to store your bitcoin. It is advisable to use a wallet wherein you hold your keys.

Bitcoin is good whatever you prefer on how you will use it because it can give convenience for users.

Bitcoin is legit and legal. What makes bitcoins not legit and illegal and a scam is the people abusing bitcoin. Being anonymous in transactions and untraceable transactions is what makes bitcoin vulnerable in illegal use that's why you hear bitcoin in negative way plus the media who spreads misleading news about bitcoin.

In the name of bitcoin more Scams have reached the people. This is the reason why people think about the legitimacy of the bitcoin. In the meantime due to its virtual presence some even tried to create fake bitcoin and scam the common people for whom bitcoin is entirely a new thing. The legitimacy of bitcoin can understood by its survival from its day of existence. If it was a scam or not legit, now bitcoin could've gone out of usage.

Bitcoin is super legit. Some people said it is scam due to many investments using bitcoin. Bitcoin for me if well manage gives good earnings and when searching there are lots of opportunities that gives good earnings too. Bitcoin is a good investment for us, just give it a try and you will see.

generally says bitcoin is legal and safe, but that's just some countries, not all. But whether you want to be legal or not, bitcoin is still a target. Some have even turned to work only mining bitcoin, it has to be admitted.

Crytocurrencies such as Bitcoin is legit. The proof already established by legalizing it to different countries such as Japan who is one of the fastest developing technology markets in the world, US, Germany, France, Canada, Singapore and many more. Regulations are also implemented in some, although there are still limitations amidst the positive attitude towards it. In fact, some countries like Singapore, crypto-transactions are taxable in some cases.
If it's not legit, would they impose this kind of currency? That's why most of the people around the world are considering the possibility of it to be part of the trading market.

Of course, Bitcoin is legit, but not like fiat currencies, because it isn't controlled by any central authority. So don't wait till the president says it's trustworthy.

Bitcoin is decentralised, so no third party enteruption is here.This is secure and safe Though it had hacked by some hackers  a long ago but they were caught and the system became more secured.It's the most popular digital asset and way to lead life with digitalization.Even it has very helpful in the pendamic covid-19.Bitcoin is legit and you can go on.

I think bitcoin is legit for long-term investment or short-term scalping, but bitcoin is legit or not it depends on yourself if you can't manage it is like throwing away your money, that's what I think
I think one day bitcoin will be used freely, maybe this is the most legitimate moment that has been waiting for

I think bitcoin is legit because bitcoin is paying and it's thrustworthy.Just make sure that the bitcoin you are using is not scam because in this situation many scammer is spreading in bitcoin.

Better answer the question If your Red Tag is legit or not?

You have made a lot of thread and still you are creating something like this questioning the legitimacy of Bitcoin.

Why would Trump need to like Bitcoin before it can be called as legit?
Bitcoin and cryptocurrency are decentralized and Government hate that idea but it doesnt mean that all of none adopted of each government are illegal .

The fact that Bitcoin is the largest crypto currency in the market and the growing numbers of individuals that keeps on believing and trusting it, is enough proof that it is Legit. And why do we spend most of our time here, if it is not? There maybe a lot of fraudsters but they cant ruin the good and well-established reputation of Bitcoin for several years.

bitcoin is famous and many are eyeing it, meaning it because of its fantastic value and can be stored for a long time in my opinion that is enough evidence to prove that bitcoin is legal.

There's no good reason for calling bitcoin as phony cash. It's been 12 years, and this digital money actually exists, and individuals are benefiting by exchanging with bitcoins.

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Bitcoin is genuine; however, it relies upon you how you treat it. For instance, numerous scammers belong to bitcoins, and a few criminals utilize this digital money to purchase illegal things like weapons and drugs.
Bitcoins makes you totally anonymous, and there's no way to trace it.

Right mate. For me that is the saddest part of using the crypto currency. It can be used by the scammers and criminals for their illegal activities freely since it has the ability to make the user's identity as anonymous and the authorities cannot track them easily and also these bad people can use fake identity for the KYC to hide their true identity.

Of course, bitcoin is legit, and if you are talking about security, it's secure till you don't make any mistakes from your side.

USA dollars also are being used by criminals all over the world(where its accessible). No one can stop criminals from using or getting access from anything, but you can control it by proper monitoring and by making strong laws, for that government have their own protection system.

Everything is good till you use it for good purpose, so its depends on you, how do you want to use your USD or bitcoin, for buying drugs or food.

The question is like, "Does having Bitcoin helps you in life?". Well, in some situations it helps but mostly its for the investments. Asking whether Bitcoin is legit is actually one question of mine when I was just beginning to learn about Cryptocurrencies. Its too good to be true but its true. All we need to do to gain or earn Bitcoin is utilize our time since that is the only investment necessary to gain Bitcoin and other Alternate Cryptocurrencies. Bitcoins legitimacy is already proven by the people who earned and created a living out of it.

Although I am not very experienced in cryptocurrency, I think Bitcoin is legal. It has been around since Bitcoin was created in 2009; There was no problem. Legit and legitimacy are separate things. Bitcoin has already been legalized by several countries around the world; They are using Bitcoin as a medium of exchange. Citizens of all countries that have not legalized Bitcoin, despite being legal, cannot use it as a medium of exchange. Bitcoin is a valuable asset; If you want to buy it, you must keep it in a safe place.

The bold sentence really caught my interest and that is really true. The security of Blockchain Technology is top notch that having it hacked would at least require a super computer. Bitcoin legitimacy is backed up by its wonderful security and having created careless mistakes could lead losing your own Bitcoin and other cryptocurrencies.

Bitcoin is legitimate and i can really say that it is really the most amazing and safest asset to hold. The security the features and uses of bitcoin makes every investors trust on it, if bitcoin is not legit maybe it doesn't have a big value or it can never be become more valuable, many people earn and already trust it because it is real so no need to worry at all.

What a shitty post. Horrific use of the English language. Appalling grammar. No logic. Nonsense talk. How have you been here for so long and made so many posts when you asking such a stupid question?
If you don't think it's legit why the hell are you here? Seriously after making over 300 posts here you still can't make your mind up?

What are you talking about?
If this is not legitimate, why are the market transactions reaching $15,712,551,531?
Are they just empty or artificial numbers? If you think so, then banknotes are just symbols with numbers of stupidity.

How could this be illegitimate while the trading volume reached $15,712,551,531? Even in every country, they have heard and are familiar with Bitcoin.

of course, bitcoin is legit for transactions, trading and investing.  The government and Trump can't stop the spread of bitcoin, Donald Trump hates bitcoin, so Trump will say it's not legit every time.  So, we better look for positive information about bitcoin, rather than listen to the words of people who hate bitcoin.

If you look at the development of Bitcoin over the past 11 years, it looks like Bitcoin is legitimate and don't ever doubt it.
Even the popularity of Bitcoin continues to increase and more and more countries are accepting Bitcoin. And there is no need
for recognition from someone like Donald Trump to be legitimate, because without support of Donald Trump Bitcoin can still
grow until now. So seeing the demand for Bitcoin continues to increase, this is a sign that Bitcoin is good and legit.

Bitcoin is very good and legit and is really the most amazing and safest asset to hold. Bitcoin has already been legalized by several countries around the world; They are using Bitcoin as a medium of exchange. so i believe is very good.

The OP sounds so afraid about bitcoin being a scam when it has been on the internet back when Soulja Boy was still relevant. And no, just because someone uses it for illegal purposes automatically makes it a scam coin. It's legitimate as it gets. You don't need to worry about the coin's legitimacy. That's it.

Man this is some funny shit.  The people who know best about whether Bitcoin and or other types of cryptocurrencies are legit tend to be those in the financial field. Analysts, advisors, etc.  As an investment advisor I spent countless years of my life studying for licensing exams where much of it is to train to learn how to spot illegitimate financial products ( I say this over and over on here I feel like which is annoying even to me, but to make my point).  Bitcoin IS legit. Most cryptocurrencies are NOT legit.

Donald Trump is not a financial advisor and he doesn't know a god damn thing about bitcoin or how it works. Plain and simple.

First thing that I really wanted to say here is that, why are we here spending our whole time in Crypto world if it isn't? Of course, it is 101% Legit. However, Bitcoins legitimacy and good reputation has been used by many scammers and fraudsters in their wrong doings, that is the main reasons why others are so hesitant in believing and adopting bitcoin because of those  negative things  made by some criminals who only wanted an easy money. But, Bitcoin as a whole is pure and Legit based on the growing individuals that keep on using and trusting it across the globe.

With what have seen in bitcoin and what I have experienced about BTC show bitcoin is a good one compare to other cryptocurrencies. The gas fees of bitcoin is very low compared to Ethereum which the gas fees is very high that is making some investors switch to bitcoin.

Take it or you leave it bitcoin is a legit. People are joining the forum every blessed day show that bitcoin is a good currency that always put smile on people face every day. Many cryptocurrencies are reducing in the market right now but bitcoin is increasing that is making so investors wondering how powerful bitcoin is compare b other cryptocurrencies.

If there is no legit reputation here?then it was You and not Bitcoin lol,Look at your trust page here

https://bitcointalk.org/index.php?action=trust;u=2640926

Obviously you are deserving in trust comparing to what bitcoin has so for me Bitcoin is legit and wont reach more than 10 years now if this is a
scam or other thing can be called by Bitcoin haters.

legal bitcoin as a digital investment is not legal for transactions in the real world to buy cars or other goods, only in some developed countries that legalize bitcoin.

So if someone who have a good reputation would state that Bitcoin isn't legit you would just leave?
You would depend on their statement if you want to continue or leave?
So would Warren statement also count as legit to you?
Warren Buffett blast Bitcoin worthless (https://markets.businessinsider.com/currencies/news/warren-buffett-blasts-bitcoin-worthless-vows-never-own-crypto-value-2020-2-1028932272#) .

There is no doubt that Bitcoin is legit. Personally, I do not believe in fiat money, it is very risky to use fiat money. Central banks in most countries of the world are now bankrupt. At any time they can take people hostage by taking their money. In this case Bitcoin is decentralized and very reliable.

As long as you believe on yourself, what ever make you to join this bitcoin talk, And to have interest in bitcoin that is only thing that  can answer Your question, As for me as long as I believe in this group, I get so many information that keeps me going higher, It very simple just believe on what you are doing ok, can you ask yourself this question? If it happens that you have a physical business doing, can you ask if your business is legit? Your answer comes from the first time you decided to engage yourself in bitcoin activities and trading. So it very simple for you to handle on.

Of course Bitcoin is legit and it doesn't need Trump or any other authority's approval. It's track record speaks for itself. It is being adopted as a reserve currency by reputable companies. We see everyday it is making new all time highs against fiat currencies in places like Brazil, Turkey, Argentina and Venezuela. It is a much safer way to preserve wealth especially in hyperinflationary economies.

I've read many comments and responses here and all of them are saying one thing — Bitcoin is legit. I'm no different. I will also say the same thing. For more than three years of being part of this forum and for those years of earning btc here, I didn't experience even a bit of illegitimacy.

Bitcoin, itself, is legit. No approval from anyone is needed for it to be considered one. If there would be instances of fallacy, it's not bitcoin but those promises being told by scammers taking advantage of others. That's where people usually and commonly get the thought of bitcoin not being legit and real. So be careful of those people, not bitcoin.

Although Fiat Money is full of risks fiat currency is in circulation all over the world and Fiat is legalized in all countries. But Bitcoin has not yet become legal tender no country's government controls it and many countries do not support it. Although the demand for Bitcoin is high due to decentralized transactions fiat currency is needed. Without fiat currency central banks cannot replace their money. If the demand for Bitcoin increases and it is possible to buy everything with Bitcoin it can get legitimacy but it will take time.

Believing on self is really one of the basis if the bitcoin will be legit for you or not because if you don't believe on yourself, you will not be able to use the bitcoin on the right way and you will end up saying that it is not legit. If you believe on yourself and manage to take the risk of having a chance to losing money when you fail to manage it correctly. Being legit of bitcoin to you also depends on who you are believing because if you manage to believe to those who really gives a fact about the bitcoin then it will be legit to you.

There are as of now numerous different points on the gathering clarifying what you asked here. In any case, I'll rehash, Since bitcoin isn't unified and not getting constrained by any administration, It's impractical to have a legislative or government leveled exchange with somebody and report it governmentally genuine or not. All things considered, that is a positive purpose of bitcoin. Something else, bitcoin would not be borderless and accessible in all other the world.

Bitcoin is legal. Some people may use it for illegal jobs, but that doesn't require it to be banned. You can also use the money in your pocket for illegal work, this situation cannot be prevented. For this reason alone, it would be absurd to consider bitcoin as illegal.

Bitcoin is legit, yes. If it wasn't legit, it would be banned on every countries and people would get punished for using it. I know there are some governments that are strict about Bitcoin usage (like China). But people are still using Bitcoin in that countries. I believe that there will be no governments left that is completely against Bitcoin in the future.

There are starting at now various focuses on the get-together explaining what you asked here. Regardless, I'll repeat, Since bitcoin isn't brought together and not getting obliged by any organization, It's unfeasible to have an administrative or government leveled trade with someone and report it legislatively certifiable or not. Taking everything into account, that is a positive reason for bitcoin. Something different, bitcoin would not be borderless and available in all other the world.

Bitcoin is a legitimate currency that made from blockchain technology. Other countries feel threatened with bitcoin or cryptocurrency because it is decentralized, which means it has no central authority. Bitcoin is not backed by any tangible assets nor the government because it only depends on its supply and demand; that is why it is hard for them to trust bitcoin and other cryptocurrencies.

Bitcoin Price is by exhangers trading.
Bitcoin himself is all right but If Something happens with Exchangers then btc Price will Go Down also.

They is so much things that made Btc legit, because btc acts as money, bitcoin has the  necessary potentialities made it legit the way fiat currency does, so provided that other countries government has grant the use of btc and also implement it in some national house base on its important in societies, so therefore with the approval of government in some countries as I stated above bitcoin legit and sincere.

Yes, I believe that Bitcoin is Legit because it gives me a lot of profits and benefits that I could never imagine. I think its  people's beliefs and real earning experiences can prove with Bitcoins legitimacy. And in addition to that, several people here were right that if you owned it and stored it securely in your own digital wallet, then there is no doubt about it. Bitcoin is very much legit and valuable to humans who keep on trusting it.

Bitcoin is more than 10 years of existence now and still with higher value. How could you think that bitcoin is not legit? Many people lives become luxurious because of bitcoin, they earned a lot through bitcoin, also it helps during pandemic, it serves as an alternative source of income. Now, why do you think that bitcoin is not good? I think you must learn more about bitcoin.

said to be legal in terms of legality. depending on how each national figure or leader views the position of Bitcoin. or it can be said if in a country, be it in the USA or in other countries, placing Bitcoin is a digital currency that has the potential to benefit a country's income.

on the contrary, it could be legal if bitcoin depletes and shifts fiat currencies in a country, so that the fiat currency's popularity value is smaller than Bitcoin. so it is clear that the state also calculates the position of Bitcoin.

I think that lately people often mix terms like legitimacy, legality and regulation.
Some think Bitcoin is illegal if it's not regulated by certain state but that it's not true. As far as I know in many countries there are no legal obstacles to use Bitcoin but it's still not legally regulated. I think that people get confused because of that and not sure if with using Bitcoin they might get into some conflict with authorities.

There are indeed people who earned bigtime profit from doing so and also there are people who lost and chose to pull their investment. Having a hint? The concept of Bitcoin being a fraud is due to such instances. Some people are not aware of how to play the 'game' of volatility. They are expecting profit but since there are times of market downfall, they are easily bring discouraged by the partial loss. Enough for them to quit and call it a scam. This topic never gets old. We just cannot push them to see things how we perceive it, as simple as that.

Yes, Bitcoin is good and it has helped so many people in the world. Many people who find it difficult to invest with fiat money later switch to bitcoin for investment they are doing well over 10 years they have been in the business.
Bitcoin still improving despite the currency is not older than fiat money which many people in the country are use to in the area of market. Many traders has testified how good bitcoin is compare to other cryptocurrencies not too popular like bitcoin.
Bitcoin show other cryptocurrencies in the price of market that  still remain the popular currency among crypto.

Wow! if she will do that for sure there's no more further question to ask. Automatically people will jumped in and start using this system.

Having someone like her will change everything, but for sure it will be far from now as there are still so many questions regarding to this

industry, there are people that still against it's existence or still not  ready to embrace this crypto currency.

I suggest that bitcoin is legit. This is because according to much research, Bitcoin system is 99% accurate, making it reliable for trading software.

Yes as I develop I say that bitcoin is very safe.
Now a big problem today is the scalability that has some deficiencies which raises transaction fees at certain times.
it's like a dynamic UBER

Bitcoin is legit. Many people earned from bitcoin and the adoption of bitcoin keep on increasing. No doubts that bitcoin is a legit valuable digital currency which is now very useful in different ways.

If bitcoin is not legit, then why are we here in bitcoin talk? We are here to prove that bitcoin is legit and to inform the bitcoin beginners how to enter bitcoin without getting disappointed. If you know a lot of things about bitcoin then you should also inform them what to do so that you can have a big contribution on bitcoin community. If you think that you don't know the answer to their questions, you can go to other topics and find the answer so that you can answer what they ask. What I want to say is Bitcoin Legitness depends on who introduced it to you and how will he manipulate you.

legitimate, but if what is being asked is about legal, then bitcoin is still illegal because the government has not recognized bitcoin as a legal asset. why is it legit, because the volatility of bitcoin can actually open up opportunities to get multiple profits.

bitcoin is right, no one can intervene or make any changes so it has its own authorization. so that anyone can not control bitcoin where it is located from the excess bitcoin has.

Obviously it all depends on whether it is to be used as positive or deviant and I really agree with your opinion, but the government can control it with clear rules so that those who want to do things violating the rules can get entangled with regulations made by the government.
Even though it is not easy to do this, with good intentions and clear rules, at least everyone wants to follow government regulations.

it could be that there are still many who will do things that are deviant and cannot be detected properly, but the rottenness will one day be exposed because the ego will overcome this greed.

Well, bitcoin has been around for, like, 12 years now already and it's still standing strong. Speaking from my country, I consider bitcoin is legit. We're allowed to make transactions with bitcoin as the medium. We even have a mobile wallet for such. However, there is no law stating that bitcoin is legal or illegal. But it is allowed.

Anyway, regardless of the country and just by considering bitcoin itself, it's legit enough for me. There will be numerous testimonies that they have been benefitted by bitcoin and I'm one of them. It's legit and real. No doubt about that.

Bitcoin is a legit currency. And what is more important is the fact that you don't have to ask someone "trusted" about whether you can save a value in bitcoin or use it as a medium of exchange. Bitcoin is a completely transparent currency and everything in the bitcoin network can be verified at a very low cost. So you don't have to trust someone out there, because you can run your own node and verify everything that comes into the network. You can verify that transactions occurring in the network are not spending the same coins twice. You can verify that the total supply and the rate of issuance are corresponding to what you are expecting from the bitcoin network. You can verify that bitcoin both has and sustain credible monetary characteristics and robust monetary policy. It is legit because its characteristics are guaranteed by the entire population of the planet Earth and not by a bunch of bureaucrats seeking ways to control your life.

I don't consider them illegal , in my country its neither legal nor illegal
but people consider it kind of legal because of the institutional investors now making BTC as a main asset .
but yes a major political figure or any major government say about the legality of BTC would be much better.

it depends on if bitcoin can bring goverment profit. if not, it might be legit. vice versa. maybe someday government will make people pay tax for the cryptocoins they hold.

Bitcoin is legal, it can be traded, and the wallet is very secure.

there's possibility that it dies later if it doesn't do the government good, I suppose. But hopefully, the wallet will stay safe and our coins can keep bringing us more money

Bitcoin is legit but not legal at some places.
If you think someone will do fraud with you while giving you a Bitcoin and Bitcoin has no value then you are wrong.
Bitcoin is very much popular among the masses.
It’s the one of the costliest Digital asset that you can hold.
And we here at Forum have been using and trading this coins from past few years.
So if you are thinking of buying BTCs,
Then surely go for it.

Bitcoin is legal. It can conduct transactions and is highly secure.

In a legal standpoint it is illegal as there is no regulations or discussions within the government about it. My take is that bitcoin sits between legal and illegal, illegal because there is no clear take by the legal part of a country, legal in a way it is not raising any eyebrows from within the government and the use of it is not frowned upon and the apps that helps in using bitcoin is not banned. I do agree about the legitimacy of bitcoin is regardless of country stand on it, it is subjective after all but it does not mean that if it helps you then it should be legal, everything needs to be on paper before a legitimacy is confirmed.

For the longest run that bitcoin has existed, I think we cannot say anymore that it is not legitimate. There a lot of people who are currently investing on it right now and they have given their hopes high for it. Regardless if it's legit or not, those who are believing in it and those who believed ever since it started are probably enjoying all the wealth they have right now. Don't listen to hearsays about it, instead try and check it out yourself, do some research or try consulting those who have been in this game for so long and after, make your conclusion.

The question have a obvious answer, of course it's legit. After all of those occassion happened in bitcoin, we can truly say that bitcoin is very legitimate. Many people are already using and making money out of it. Idk why this kind of questions still exist after all of those things happened in the past year especially thr bull run in the year 2017. We can freely use it because it's decentralized and no government can even control it, they allow it as an asset so it's legal to use.

Yes ofcource ,and how can you Evan anyone can ask that Bitcoin is lagit or not, because it became a international currency and ,also it's now most popular currency in the world,and yes,I'm not conform about it, it's rumers that in India world first cryptocurrency band has opend and ,yes you can see in the near future, cryptocurrency will led evan dollars.so I can say and no doubt the Bitcoin is lagit and very trustable currency .and it's future is very bright.

I agree. We can't say that bitcoin isn't that legit because we can all see some things or some living proofs that it is definitely true. Other people experiemce to have a lot good or positive insight about it. I, personally have some friends that is now have a good life became a product of bitcoin legitimacy. Somehow, bitcoin still is one of the most risky type of investment yet many people able to learn and make some techniques on how to handle the bitcoin and its being volatile attitude. I also recomment to people who are planning to invest in bitcoin to ask first those peoplw who have some experiences and make a lot more knowledge before finalizing the investment or ideas.

Bitcoin is legit and don’t need any authentication from anyone. Bitcoin is a digital currency and isn’t controlled by the centralized Authority it’s more of anonymous so no one can stand for bitcoin but rather bitcoin is for the world.
Though many countries are yet to accept the technology but nevertheless with time they will be open to digital currencies and it’s important in economy growth.

That's not the right question. Bitcoin is legit in some countries and in other there is no clarity about Bitcoin.
Some countries have outrightly banned Bitcoin and buying ans selling Bitcoin in those countries is illegit.

If bitcoin isn't legitimate now this could've gone out of usage and completely the growth might've been found zero. Here the scenario is different, it has got innovated, and from the very first day its usage and market keep on increasing. If someone is thinking of its legitimacy and staying away from bitcoin, then it is true that they're missing opportunities.

Bitcoin transactions are open and transparent, and the security is still very high. I think Bitcoin is legal.

One can imagine only that bitcoin will scam. Look at the market how peoples behave. Hiw much they investing their moneys on this coin.
Many top trader from whole around the world added theirs trading percentage to bitcoin.
Bitcoin is hundred percent secure and transparent and there no way that it will scam.

This is unbelievable post I guess. If you don’t think 600 billion market cap is true or you think 600 billion USD that are sitting in the bitcoin capital is fake then there is no one on this earth who can make you believe it’s legit or not. Lolz.

I mean come on mate, look around you. 24x7 running mining farms which use actual electricity to mine your transaction to institutional investment that happen in the house of millions are the reason for its survival. It is the stuff that makes up today’s bitcoin.

You can judge it’s legality according to its country of use but legitimacy is for real mate!!

Bitcoin is legal, rational, not a bubble. It’s a good way to protect your property from devaluation, I like

Bitcoin is legal, it is a digital currency that can be traded.

Yes, of course it's legit. I don't understand why it wouldn't be. A lot of people all over the world are currently using it.

I think Bitcoin is legal, its transactions are open and transparent, and transactions can also be conducted online.

Bitcoin is legal. Since currency can be electronic, Bitcoin can of course also be currency. Users can then use cryptocurrencies such as Bitcoin to pay directly to merchants.

Bitcoin is legal. As a decentralized currency, Bitcoin's value is entirely derived from people's confidence in its value.

Bitcoin is legal. After a period of continued development, Bitcoin is likely to become the world's currency in the future. It can play the role of electronic gold and become the target of the value of other sovereign currencies. From this perspective, Bitcoin can be used as a means of asset preservation in a future where currency inflation is inevitable.

I think bitcoin is legal. It can trade on the internet, and it is safe to keep it in your wallet.

By protecting your property, do you mean your house? your apartment? your land? There is a limit to what bitcoin can do, you have to know that. Bitcoin is not legal per se, it is currently lying in the gray area of things. What do you mean by rational?

Yes, Bitcoin is simply genuine and secure. There is no way of bitcoin coming to Zero in the future so bitcoin is 100 percent genuine.It can exchange on the web, and it is protected to keep in your wallet.

Surprisingly, there are still those who ask this, instead he is on a forum where bitcoin is the king of all coins. I agree with you that if it is not legal now it might not be there and the market cap growth looks deteriorating, but this is just the opposite. if you still think about it, it could include those who will miss an opportunity to achieve profit.

maybe he got information that some countries have not accepted it as a legal and recognized means of payment, but in development there have been many countries that can accept it, even though it may not be a legal medium of exchange, at least there is no prohibition to make other transactions, so bitcoin can be said to be not a problem.

bitcoin is safe for sure, the only obstacle to owning bitcoin is a matter of very fast rising and falling prices. but for security issues bitcoin is very safe.
legal or not? it depends on your country applying the regulations against bitcoin so bitcoin in some countries can become legal or not

If bitcoin is not legit then why does this forum is still working? Bitcoin is surely legit and good, I already felt the effects of bitcoin in my life because it makes my financial status better than before. It also helps a lot of people here that can say to you that bitcoin is a good thing to invest in. It maybe not legal on many countries but having a good strategy to make it slide and avoid getting caught, you may earn a lot of money but you also need a lot of skills like having a long patience and skill to read the wave of ups and downs of bitcoin price. We should also socialize with other holder or traders so that we can have an idea how and when to buy and sell bitcoin. Being good of bitcoin depends on how you use it.

In my opinion, bitcoin is friendly with many countries around the world in terms of legalization of this asset. However, there may still be some disagreement over the sub-classification due diligence properties to create the legal framework. One thing is for sure, the future of the world economy will be blockchain and bitcoin needs to be called for and favors greater acceptance in the world.

Once acceptance being implemented for sure more legal action will take place, for now there are still places in the world where
Bitcoin is not being legalize.

There are still places that continue to doubt Bitcoin capabilities as legal asset, places who still thinks that Bitcoin is just a bubble,
though currently we are seeing more institutional investors who are embracing changes.

Waiting what the first country become legal for bitcoin as payment transaction, I think to make bitcoin keep trusting how service giving by bitcoin when sending fund be faster and not delay, payment by bitcoin how available take lower fees transaction and not any scammer wanna make bitcoin become bad reputation on the public eye, when bitcoin have get positive respond I think easy for bitcoin become legal transaction payment.

Bitcoin isn't legal to some countries but it doesn't mean that it's illegal. Bitcoin mass adaption and investors makes the bank and fiat currencies fear it due to digitalizing of currency which is already what bitcoin is and other cryptocurrencies.
Bitcoin may lack implementation to local markets and but we can almost see how much it change throughout the years, it might be a slow progress to it but we can it happening day by day. Bitcoin payment is somehow being adapted by some companies which can proof that bitcoin legality.
Also, bitcoin being a decentralized network makes the government loss control to which is the reason why it is illegal to some countries.

Agree with you, acceptance is the key to the advancement and mass adaptation of the whole world to bitcoin or the whole cryptocurrency.

At first, it won't be easy as we know that some countries are having difficulties adapting cryptocurrency as they can handle it according to their goal.
It's assured that as long as bitcoin exists in this world, they will soon use it and will also take advantage of it.

Bitcoin is legit you just need to learn and know the basics of how you will earn from it.  I have many friends that earn from bitcoin, they have many savings just from bitcoin and I can say that their future is secured because they believe in the power and hold.

Bitcoin is legit. No one controls it after all. Some people say that it's a scam since it's not backed by a reputable entity. I'd say they got it all wrong, since people like you and me are what makes Bitcoin, Bitcoin. In other words, we are the ones who determine the future direction of the currency. Everything is governed by mathematics, cryptography, and algorithms. So yes, Bitcoin is a good, legitimate cryptocurrency that can be used as serious money just like the US Dollar. Don't believe anything that's said in the real world, as most negative comments are spread by Bitcoin haters. Doing your own studies will help you determine whenever Bitcoin is truly legitimate or a sham.

Bitcoin is legal and can be used for trading.

This quesrion have been asked many times. Many people always wonder if bitcoin is a legit true or fake one. For me, I can say that bitcoin is definitely a legit one because there are many living proof of it. Personally I have friend that became one of that living proofs. He gained and earned a lot by means of cryptocurrency. Bitcoin is a true good source of income, savings and I am amzae by the idea of saving up for future use and preferences. Securing future is a 1 way of having bitcoin and learn to saving up.

Bitcoin is 100% legit, if it's not then why should private institutions pour millions of dollars of investment into it? Why should Elon Musk and other influencial person advertise Bitcoin if it is not legit? There's more certain countries are embracing Bitcoin with the rules and regulation from the central banks through local exchanges so it is probably legit.

Bitcoin is legal, and now more and more people use it, and it can be traded normally.

bitcoin is a digital asset, it has legal value like a work by Vincent van Gogh bought at Christie's in one of its offices in the countries that officially exist, if you do not buy its works of art in some of those offices it is false or you simply do not want to pay taxes corresponding to their true value.

So bitcoin is good, very good as valuable as a work of art.

Cryptocurrency is digital money, without a middleman, like a bank, exchanged digitally. You've probably heard of the two famous cryptocurrency forms, Bitcoin or Ether. Cryptocurrency is provided by an open source algorithm, unlike cash, which is guaranteed by governments. But it's a currency, and since it's totally digital, cryptocurrency enables users to make virtually no anonymous payments fees.

Indeed! I may not be a cryptocurrency expert like the others but i can say that its a legit one and you cant even get the return that it is giving to me by investing on it thru banks

Bitcoin is not real money, it does not represent a certain value like banknotes and coins. At first, the US government was worried about the impact that Bitcoin might have on financial markets, because it could be managed and controlled only by formulating corresponding laws.

Definitely it is legit. I proved it for three years. 
The most important in holding cryptocurrency is the security of your account. You just need to have a safe and reliable wallet where you can keep your cryptocurrency. Also, read and read articles to have more knowledge on digital currency like bitcoin.

What make you confused with bitcoin is legit or not? many people believe bitcoin is legit and best way as investment assets for the future by increase price every time, I think if you still confused with bitcoin better learn more and check how legit bitcoin as investment way. Now looking the moment when bitcoin raise to higher price.

Offcourse bitcoin is legit.  That's why we people are trying to get more bitcoin. People are investing huge money on bitcoin to get extra profit from bitcoin. SO how can I can say it is not legit

I have been using bitcoin as bartering for three years. There are no obstacles even though in my country bitcoin has not been legally legalized.

Bitcoin is not legal in our country but there are no barriers to its use bitcoin is used through the internet the government cannot intervene even if it wants to that's why we can use bitcoin even if it is not legal. Some more online based virtual currencies have also arrived ethereum ripple and litcoin are being traded on various exchange platforms. These virtual currencies are not legal tender issued by the concerned authorities of any country  there is no recognition of any financial claim.

bro..... in 2021 when bitcoin already has a good reputation and high prices, and many world influencers like elon musk started promoting bitcoin you still ask good or not? this is very bad bro .. you have to see if currently bitcoin is one of the best crypto coins ever on earth and about the price increase is very high and significant at this time. so don't doubt bitcoin.

If you ask bitcoin is legal or not, most people will definitely answer legitimate. because the proof is that everyone has invested in bitcoin and has exchanged it for fiat, bitcoin is also legal for transactions, trading and investment, although many want to drop bitcoin I'm sure it's getting bitcoin dropped bitcoin is growing.

when bitcoin experienced a significant increase and was supported by many parties, you still said if bitcoin was legal or not? or bitcoin is good or not?
So this is the explanation bro, for legal or not bitcoin matters, currently there is no institution that guarantees it, it's just that every country has its own regulations.
and for bitcoin good or not? depending on the person using bitcoin for what. because what we know right now bitcoin will be good if used for futures investment or trading.

bitcoin itself was created and issued in 2009. how can we say that bitcoin is fake, the proof is still there and still survive and people are still using bitcoin for their investment, bitcoin has been alive for 11 years, and I sure bitcoin will last for a longer period of time ..

I don't think there is any doubt as to whether Bitcoin is legit or not. And in general, I think Bitcoin can be much more trusted than the Federal Reserve. The Federal Reserve print dollars every day without any liquidity behind them, and the dollar will continue to depreciate.

many say bitcoin is not legal but I see there are increasingly lopsided issues about bitcoin there are countries that ban bitcoin but the more people who want to invest bitcoin bitcoin is amazing no one can control bitcoin is free running alone.

Some countries, banks have accepted Bitcoin. See Bitcoin as a place to store property, investment. Up to now, many people are looking for Bitcoin. So I'm sure Bitcoin is legit.

Hello everybody. Before figuring out whether Bitcoin is legal or not, you need to look into the legislation of the country in which you are located or live. From what I hear from the media in different countries, a very small number of regions have completely banned Bitcoin, but the oddity is not that they ban it, but that they periodically allow Bitcoin. Although I am a law-abiding citizen, nevertheless, having passed any law, government officials must first of all take care of how this law will be implemented and who will force it to be implemented. My opinion to prohibit Bitcoin is the same as to prohibit spring, and to issue a law that instead of spring it is now autumn. That which cannot be controlled is in itself above all laws. This cannot be prohibited - you can only try to adapt to it. Bitcoin is above the law.

Is Elon Musk does enough to call as legit and have a good reputation? then in that case Bitcoin is legit as he once mentioned it before on his tweeter and he's now venturing with it along with a couple of large institutions. Besides, there's a lot of people who can be called living proof as they use Bitcoin on their investment and different legit transactions. If it is fake it wouldn't survive for too long and institutions will not waste their time and money on it.

I can't believe this is still a conversation in the forum, it really bad that a bitcoiner is bring such conversation , this should be a conversation for people outside the forum am in shock honestly .

I don't think someone can actually say it is legit or not because not only but so many people have profited and benefited on bitcoin in so many ways that you can imagine. I mean not all people might like this currency but bitcoin isn't built for everyone. The target of bitcoin's purpose lies in the anonymity of it's user so don't lump us bitcoiners to all of you so please don't raise substantial matter if it's legit or not bitcoin doesn't care nor you haters.

- That proves that people like bitcoin in the fact that it's not legal when its value will be stretched indefinitely without being slowed down due to strict government rules but in return, this too lax rule makes the problem of fraud or investor traps very easy, there are many cases of loss and cannot be blamed on anyone or require responsibility from a fixed party, almost everyone has to manage their own accounts, instead of putting full trust in someone. The illegality of bitcoin has always had such losses but today, the government is building networks in bitcoin, it is very likely that they will proceed with the most optimal regulation.

Of course, any object, such as a kitchen knife, can be found to be illegal. But first of all, it all depends on how the knife is used, for cooking or for criminal activity. The situation is the same with bitcoin. The government can make any decisions and laws, recognizing everything that they do not want to be illegal, but today the authorities no longer have the ability to destroy the cryptocurrency or prohibit its use.

There is no doubt about Bitcoin not being legit. The only reason people spread these bad rumours about Bitcoin being a scam is either because they don't understand it themselves or because they want to put you off from joining in the rally. 

To realise that BTC is as real as it can be you only need to look around to see how many legit companies are now endorsing crypto to the point where they invest millions. I say that's a fact you can't ignore.

Its also weird to ask for a person to promote Bitcoin when its already the number 1 Cryptocurrency internationally. Donald Trump does not even have a clue if Bitcoin exists since he is always focused on doing things with fast outputs. Bitcoin is already legit because its already being used when buying cars and its also widely used in most transactions that would happen digitally. The Bitcoin adoption rate is very fast right now since most companies are starting to see its benefits and we can really see a world with Cryptocurrencies in it.

legitimate bitcoin why wait for trump to have it?  Should Trump announce that he owns Bitcoin?  I don't think it has to be because of wealth, not to be published, it's okay if bitcoin can become fiat money, at least some people already support the existence of bitcoin

I wouldn't say Musk makes Bitcoin legit or not with his posts or words. The question is wrong anyway whether it is legit or not. Bitcoin is here and it can't be stopped. Why shouldn't it be legit to send some data around in a decentralized network? Take tulips for example: if people start exchanging tulips because they value them, would you also ask whether tulips are legit or not? :)

Bitcoin is code and the code is legit. Bitcoin can be abused, true, but so can a knife be abused! I can even kill you with a chair, but that doesn't make the chair illegitimate. Or just take email: is email legit? Very similar to Bitcoin, you use it to transfer information from A to B. Could it be abused? Hell ya! But is it illegitimate? You can abuse it to plan bad things or transfer illegal documents as much as you can use Bitcoin for certain criminal things.

Bitcoin is a technical mirage and here to stay!

Isn't Bitcoin white paper enough to make sure that it's worthy and reliable?

Hah, do you trust the dollar?

each country will apply according to the interests that will be obtained and the effect that might happen to the country by providing certainty by accepting bitcoin as a trading currency just like any other. but some countries still take into account the pros and cons because misuse of bitcoin can occur so that strict rules are needed so that the state is not harmed. so each country will determine the readiness of all of them before making sure to accept bitcoins. although it is clear that bitcoin is actually very profitable, the state must be able to confidently be able to overcome something that might later be impacted by the acceptance of bitcoin.

So it is not surprising that there are still many countries that still cannot accept or accept part of it and do not recognize it as a legal medium of exchange, but do not prohibit trade and others from being carried out, but when it is to be used as payment, the state does not recognize it and must first change to fiat.

each country has its own policy on cryptocurrencies. maybe every country is afraid that it will be used as a means of illegal payment and buying and selling of weapons

Bitcoin is legal in all countries that have allowed Bitcoin.  Again, the use of Bitcoin is completely illegal in all the countries that have not given permission for Bitcoin.  I live in a country where Bitcoin has been declared completely illegal by Central Banking and the government.

Bitcoin is absolutely legit among 99% of sane peoples except for a bunch of FED masons

With he way bitcoin is moving recently if you still belief that bitcoin is fake you are on a long thing. Join the train now before it's too late

Is Bitcoin question legal? Come now yet have a satisfactory answer. Some countries still ban bitcoin they think Bitcoin is virtual money. So many people feel afraid of investing Bitcoin. There are also many countries that accept Bitcoin as India, Japan, Korea and America. And watch Bitcoin as payment method.

Despite the genuine of Bitcoin, its potentials, and its price stance when it total lockdown which captivated a lot of institutional investors which are currently the major investors we have in the market.
 Bitcoin can still be legit and so not, why? Legit is everything that's conforming to the government rules so if a government of a country is against crypto technically crypto is not legit in that country.

There are numerous advantages of cryptographic money; however, we can't dodge some negative realities.
It all relies upon us; Bitcoin can be utilized lawfully and illicitly.
For instance, it is lawful to exchange with bitcoins and make additional advantages; on the other hand, crooks used to purchase unlawful things like weapons, drugs, etc.
The biggest disadvantage is you can not reach that person who's using it.

I think the problem here is with your definition of 'legal'. If you mean 'legal' as legal to own, then bitcoin is legal because no one or country forbids anyone from owning bitcoin even those for whom it may not be accepted for payment. So don't compare that joke with our beloved BTC. If he doesn't want to buy it, then no one can ask his permission to make Bitcoin legal. sure that BTC is legal and recognized by everyone, what are you thinking about legal BTC? legal or not?

until now bitcoin is still illegal in various countries only a few countries have legalized bitcoin but even so in countries that prohibit bitcoin there has been no arrest or hunting of people who hold bitcoins, meaning that even though they are prohibited, there are no sanctions against people who hold bitcoins.

Bitcoin is a digital money. I'm still learning and new to cryptocurrencies but i believe that bitcoin is legit. You can invest and make profits. It can benefit you and has made a big impact on the community especially to those people who are unemployed.

Although there many scammers out there who causes you to lose all of your assets, you can always avoid it by being careful, knowledgeable in marketing and having good skills and strategies.

Well, I'd agree to some point. Yet, there are also countries that are neutral about Bitcoin. I mean it's not legal but not illegal as well, Let's say the Philippines. Here, our Government are not banning nor prohibiting people to engage in crypto, this doesn't mean that's Legal but our Central Bank quoted to be cautious about Bitcoin, given that still Bitcoin is not Illegal it's just a fair warning as there are a lot Ponzis scheme and vulgar scammers.

Before, I've read something about laundering money via Crypto and the owner and the one trading it was arrested. Not sure when it;s but yeah there are already cases wherein an arrest happens.