Cryptocurrency is unsupported: is it true or is it a myth?

[Digital_Lord]

Legally most of the countries are not supporting cryptocurrency.

You are right but it is the matter of time and you will see in the future the whole world will use cryptocurrency as their legal and regular currency. My country has also banned bitcoin but it is for the time being. When they complete their survey about the authentication of blockchain technology they will allow bitcoin. It will take some more time.

[joyclicks]

mb i will repeat somebodies words, but the most popular money in the world-USD-is supported by nothing. It is a bubble, several crisises showed it very well.

You are wrong it Is not bubble. No doubt that US dollar is the most popular currency of the world but it is paper currency and the future is that of cryptocurrency and bitcoin is the future currency because the world is now turning towards digital things and digital currency as well. Cryptocurrency is supported by many countries and the proof is that many big countries have accepted bitcoin as their legal currency,

[DJCanh]

It's plan of bull and bear
We just don't see all this shadow games

[winterland]

In all countries, the national currency is supported by the central bank. He follows his course and, if necessary, withdraws some of the national money from circulation or adds them to turnover, and also buys a foreign exchange currency or sells it. This is supported by a fixed rate of national money. The dollar in us is very special in the world and therefore here the example with the dollar is shown unsuccessfully.
Decentralized crypto currency is not supported by anyone in order to stabilize its exchange rate and therefore as extremely unstable by its nature can not be used as the main currency of a particular state or group of states.

A central bank supporting their national currency is not really a great insurance, many currencies have crashed and disappear, many currencies have been losing value despite the fact that a central bank is supposed to control the emission rate of the currency, so a central bank is not really something that solid, and I will not trust any central bank over bitcoin.

[rickadone]

It's plan of bull and bear
We just don't see all this shadow games

Shadow games indeed. Cryptocurrencies not supported is just a myth which some set of people just want some gullible set of people to believe until they miss out totally at the end.

I believe there are a lot more great things upcoming for the cryptocurrency world and things will obviously turn out a lot different in the long run for the best and positively. For now, the market is still very new, filled up with a lot of FUD and speculations, but those who really are true believers do not care about the mythical theory being spread around.

[Zadicar]

It's plan of bull and bear
We just don't see all this shadow games

Shadow games indeed. Cryptocurrencies not supported is just a myth which some set of people just want some gullible set of people to believe until they miss out totally at the end.

I believe there are a lot more great things upcoming for the cryptocurrency world and things will obviously turn out a lot different in the long run for the best and positively. For now, the market is still very new, filled up with a lot of FUD and speculations, but those who really are true believers do not care about the mythical theory being spread around.

But we cant really deny the feeling as one of the believers of crypto theres always a hesitation or being worried inside on what things are happening around specially on total ban or restrictions to cryptocurrencies but one this assured where those shadow games are really happening on where public didnt able to see such motives behind. Acceptance and Total ban, these are the only things that will happen to crypto but basing on their potential and benefit we would see its more likely to be considered later on.

[Blockfolioz]

There is not much of legal acceptance for bitcoin, but they haven't made any bans or opposed its usage understanding the need and the underlying technology. It is evident that blockchain technology is gonna get implemented on each and every form of innovation that makes the world function in an efficient manner.

[mexite]

The difference in USD and Bitcoin or cryptocurrency generally is the "who is backing what?"  Cryptocurrency is yet to go mainstream, by the time most blockchain-based projects deliver their products, we can get more support and stability because people can use it for micro transfers and so will support it to succeed.

[bohr]

Cryptocurrencies are unsupported in the way that there is not a big government behind it or there is not some kind of asset like gold stabilizing its price, so in that you are correct cryptocurrencies are unsupported, but we really do not need that because bitcoin is limited by design, there are only a very limited number of bitcoins that are going to exist and that means that is a scarce asset and as such it's valuable.