Legal bitcoin or illegal bitcoin

[Granxis]

I have always used Bitcoin in legal ways, and in my next life I will legally use Bitcoin. My plan thats all.

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[lili song]

I use bitcoin legally and I'm usually purchase stuff in online shop and invest the rest since bitcoin show a promising progress

Every month I keep focus for invest , because I'm really sure that bitcoin will increase up to 5x from current value on next 4 years !

[Kronos21]

I use legal bitcoin. I usually by stuff in online store and invest bitcoin.
This year I focus for invest first, because I really sure this year bitcoin price up fast. So this time I do invest!

I think that in your case you need to use the term speculation. Investing is not suitable for bitcoin. And that's not good. We do not see the real price of bitcoin. At any time traders can withdraw their capital and the price will crash down. What will happen if the entire capital will be invested now in segwit2x?

[Sony.UK]

Its announced in my region that bitcoin is legal. I've been in this forum even before this announcement came in. I felt, its legal earning bitcoin. Earning bitcoin is going develop individuals and slowly the region. Wish everyone starts with normal trasactions with bitcoin as soon as possible.

[Proton2233]

I don't see anything illegal with bitcoin. Most illegal transactions are not made online. This is Fiat. Cash can't be traced. You can find online and if you want to find the final recipient. The problem is that after cashing the traces are lost. The government can't monitor all transactions and therefore accused the bitcoin in what he does. This is part of the company to discredit bitcoin.

[qwertyuiop0987654321]

I will say its legal cause I use it in every good form I can use my normal country's currency. Bitcoin is said or looked at as illegal because most people use it for illegal activities, but if we all use it for every legal reasons, then the illegal part will be looked out.

Bitcoin being legal or illegal depends on the jurisdiction in a particular Country. Bitcoin in some countries is already legalized, on the other hand is not but the key point is that all the fiat currencies were initially tied to the state, where they are emitted. With crypto it is different. Therefore, crypto will never be legal everywhere I think. It would be great if everything is legalized wherein people can move freely.

[jaocoincrypto18]

Can you guyz vote if what are we doing now is legal or not
Coz these can be a serious like having a marijuana or drugs in our pockets
 
And if these bitcoin became a currency i think it will be have a tax and
Why do we eager to earn virtual money than real money.. simply because the rate is higher than the real ones and it is easy to earn if i am not mistaken😎

What you guyz think

Newbie

This will depend on the country where you belong because some countries declared it legal, some are not and some are neutral like in our country in which bitcoin was not declared legal but not ban so we are enjoying a free bitcoin tax at the moment. But I strongly support the regulation of bitcoin so that the government can track the transactions in order for bitcoin will not be use in crime.

[retnoanjani]

legal or illegal, the law depends on the government. of course, the hopes of all of us who already use bitcoin, with all its advantages, are eager for bitcoin to be legal in all countries, meaning it is acceptable worldwide. however, most governments consider bitcoin dangerous and high risk, easy to serve as a crime such as drug trafficking, illegal weapons, etc. whereas, the advantage of using bitcoin is greater than that.

[ehrz22]

legal or illegal, the law depends on the government. of course, the hopes of all of us who already use bitcoin, with all its advantages, are eager for bitcoin to be legal in all countries, meaning it is acceptable worldwide. however, most governments consider bitcoin dangerous and high risk, easy to serve as a crime such as drug trafficking, illegal weapons, etc. whereas, the advantage of using bitcoin is greater than that.

I agree, but let's admit, we know that there are lot of people using bitcoin in illegal way. That is why they are earning big amount of bitcoins.
However, most of us are using bitcoin in a legal way. Like me, I just earn it and withdraw it. Sometimes I buy altcoins. There is no difference if bitcoin will be illegal or legal in our countries. We can still use it.

[Urmip16]

Bitcoin seems legal, but altcoins can't say. There is more to it.

[Lieldoryn]

legal or illegal, the law depends on the government. of course, the hopes of all of us who already use bitcoin, with all its advantages, are eager for bitcoin to be legal in all countries, meaning it is acceptable worldwide. however, most governments consider bitcoin dangerous and high risk, easy to serve as a crime such as drug trafficking, illegal weapons, etc. whereas, the advantage of using bitcoin is greater than that.

Everyone is talking about what bitcoin is used for illegal arms trafficking. Can you specifically show an example of what someone who bought bitcoins for guns? This is fake which is distributed by the government to discriminate against bitcoin. Governments are afraid of losing power over the people. That's the whole reason.

[Hexah]

It depends on how you used it because bitcoin is just an asset just like a fiat it really doesn't have a value if no one really don't use it. Well, if I will be the one to choose if what is the option I'll prefer to used it in legal way so that it doesn't have a hassle because if it will be used in illegal way it will lead to just more complications. I don't have a problem if it will be taxed if it becomes legal because if the tax also be used in progress of country or on the regulation of bitcoin then  that would be a good one.

[Basmic]

It depends on how you used it because bitcoin is just an asset just like a fiat it really doesn't have a value if no one really don't use it. Well, if I will be the one to choose if what is the option I'll prefer to used it in legal way so that it doesn't have a hassle because if it will be used in illegal way it will lead to just more complications. I don't have a problem if it will be taxed if it becomes legal because if the tax also be used in progress of country or on the regulation of bitcoin then  that would be a good one.

I am against the fact that people have to pay tax to the state for the use of cryptocurrencies. The state has done nothing for the development of this industry. Moreover, they only hinder its development. I would not mind instead of taxes to make a contribution of any startup is essential for all of humanity but I have to be sure that the money will not be stolen. Taxes should be voluntary. For example why should I Finance the war if the government itself decided to start it?

[SamsungBitcoin]

legal or illegal, the law depends on the government. of course, the hopes of all of us who already use bitcoin, with all its advantages, are eager for bitcoin to be legal in all countries, meaning it is acceptable worldwide. however, most governments consider bitcoin dangerous and high risk, easy to serve as a crime such as drug trafficking, illegal weapons, etc. whereas, the advantage of using bitcoin is greater than that.

I agree, but let's admit, we know that there are lot of people using bitcoin in illegal way. That is why they are earning big amount of bitcoins.
However, most of us are using bitcoin in a legal way. Like me, I just earn it and withdraw it. Sometimes I buy altcoins. There is no difference if bitcoin will be illegal or legal in our countries. We can still use it.

Correct that some people used bitcoin to scam people that is why the image of this currency will be getting worst to other people who did not know what is the real bitcoin. Bitcoin is legal and never been illegal because there is no illegal currency even it is centralized or decentralize currency but there are only few countries banned bitcoin because they seen bitcoin as threat in their financial institution.

[sindikat]

It's wrong to blame the currency in illegal activities. The car can also be a murder weapon but we know that the car is not to blame. All the fault lies on the driver. If a person breaks the law he does it with the use of bitcoin and Fiat at the same time. Nobody proposes to ban the Fiat. Need not to blame bitcoin. we need to demand from law enforcement agencies to perform well their work.

[BitHodler]

It's wrong to blame the currency in illegal activities. The car can also be a murder weapon but we know that the car is not to blame. All the fault lies on the driver. If a person breaks the law he does it with the use of bitcoin and Fiat at the same time. Nobody proposes to ban the Fiat. Need not to blame bitcoin. we need to demand from law enforcement agencies to perform well their work.

Absolutely, but we all know how the government is looking to tarnish Bitcoin's reputation in an attempt to discourage usage by regular people. It's clear that governments understand that Bitcoin poses a threat to their economy.

But at the same time, I am quite sure that they also realize that there isn't a convenient way of getting rid of Bitcoin. Direct result of this form of weakness is that governments come up with all kinds of regulations.

I don't see regulations as a bad thing, because at the end of the day, we can't just expect governments to sit back and look at how Bitcoin is taking over. I see it as a mid-way solution to somewhat "please" all parties.

[blockman]

Bitcoin seems legal, but altcoins can't say. There is more to it.

Altcoins are also legal if there are no laws on certain place where you are living. Bitcoin is real legal and the people that are taking the advantage of it's anonymity are the ones who are using it for their illegal activities and that's why some other countries government treats it as an illegal currency. And for raymart0720's question about why we are eager to earn more bitcoin is because the price is increasing and we don't want to miss that moment earning great profit.

[aihive17]

Over the top of country bitcoin is legal. Some small businesses and merchants bitcoin are still accepted.
However, other countries bitcoin is illegal. They think there's a risk that it could be used to fund crime or illicit terrorist activity.
another reason is that it can be a route to circumvent capital controls. .

[kafiddrhman]

the legality of bitcoin differs in every country because of their governmental factors that have a role to legality, and of course they have certain reasons about bitcoin legalization, although while bitcoin transactions in my country are still illegal but have no restrictions on their use, they are still given the freedom to do various transactions with using bitcoin.

[mahdaoui imad]

I suppose you meant and should rephrase your post as Bitcoin recognized as a currency or not