Why Bitcoin isn't a legit currency.

[Bongkang elek]

because the bitcoin currency has not been formalized in a large country, so the bitcoin currency cannot be formalized, but don't give up, someday I believe the bitcoin currency will be inaugurated in a large country.

[Rosa Paula]

Due to the fact bitcoin remains not necessarily legitimate around the globe. The real reason for oahu is the diverse imperfections in which bitcoin nonetheless confront today then one than it will be the decentralized industry gives the people a great private purchases which is furthermore getting over used simply by several by it inside against the law techniques. Next will be the volatile value, due to the fact we now the bitcoin's value actually adjustments considerably as opposed to the particular approved stock markets in which simply adjustments somewhat.

[Yarsk]

In a very simple analogical sentence bitcoin is not a legit currency because one it not centralized and secondly because bitcoin is not own by government or any of it institutions and at that bitcoin has not past the popularity test and is not yet accepted by the general exchange of goods and services.

[chandra12]

These people cannot control this simply because they cannot manage this, as well as they are able to control this, they're not going to, simply because they cannot obtain some thing from this. Federal government just desires things that could be managed, to allow them to generate some thing. Federal government frightened associated with bitcoin, so they wish to ruin this, simply because bitcoin is a good risk for them.

[valisa]

bitcoin is not a legitimate currency because bitcoin is not issued by the government of a country, but bitcoin is issued by a group of people or communities, but if in a country that has legalized bitcoin it can be said in that country bitcoin as a legitimate currency

[Conasse]

Re: Why Bitcoin isn't a legit currency.

because it isn't a currency anymore it is an asset to speculate on

[kelenikels]

Some people said that bitcoin fails. Well, it fails because it becomes more of an investment stuff. As people who uses bitcoin already since day 1, they also believe that bitcoin will really become the good alternate for fiat currency but with a whole new usage and benefits than fiat.What makes bitcoin illegitimate's due to the fact there's no control of authority nor authorities support. In addition bitcoin values are also very fluctuating like commodity prices.

[stefy77]

It can't be legit because it de-legitimizes those who create the rules of legitimacy.

[wahyu5]

If all countries have legalized the use of bitcoin and made bitcoin a legitimate payment instrument in every transaction in the world, then bitcoin will become a legal currency. But it turns out that it cannot be realized until today, hopefully it will soon materialize in the coming years where bitcoin can become a legitimate currency.

[Varun Kanwar]

Bitcoin it not legal since it has not been approved by governments all over the world right now. Once it is regulated and approved we will see that it becomes legal.

[EEE14]

As I would see it bitcoin isn't a legit currency.cause a large portion of the nations individuals and government won't acknowledge it.but bitcoin can likewise be utilized as a part of a few nations for exchange tools.because they trust one day is legitimate for all nations.

[Firefox07]

Bitcoin wil not be a legit currency as long as it will not be accepted around the world. Because there are so many people around the world that don't have any knowledge about bitcoin.

[supernos]

Bitcoin wil not be a legit currency as long as it will not be accepted around the world. Because there are so many people around the world that don't have any knowledge about bitcoin.

and yes some countries dont accept it or some of them canceled support to BTC
must wait to see what will happen..

[LilPancakes2]

I think there’s a lot of blind excitement about blockchains, not acknowledging that bitcoin is currently by far the most useful blockchain (in terms of real world use cases). There will always be niche applications for other cryptos, but if crypto isn’t based on a foundation of scarcity, the whole ecosystem is based on some shakey ground. I’m pretty sure, instead, bitcoin is going to eat the world, including alts.

[Layers318]

Bitcoin is legit. The government understand this concept yet are making regulations to hinder the progress of Bitcoin. The government have ulterior motive for this because of the decentralized nature of Bitcoin.

[Heavens Gate]

The unsteady nature of the bitcoin and in general all cryptocurrency makes it foolish for any country to adopt it as its unit of currency and means of trade and exchange. Regulatory policies and checks must be put in place to close the doors for inside and outside manipulation.

[Burogh]

I think bitcoin is legit currency. In many advance country like gernmany and japan, bitcoin accepted in many merchant and thats a sign bitcoin is legit currency. Most peoples think bitcoin are buble but its not true, bitcoin is legit currency and good investment

[Sexie]

Bitcoin wil not be a legit currency as long as it will not be accepted around the world. Because there are so many people around the world that don't have any knowledge about bitcoin.

The reason why Bitcoin is not legit to others because its not been controlled by the government and been issued by the central banks. It is a decentralized  digital currency.  Been recognized  as the number six  currency in the world. It is by the Will and power of the people that Bitcoin is dominating at the moment as a mode of payment, a store of value and  a  way of exchanges.  Investors  attracted to it because if Its volatility. Rich people using it by freezing their assets and profitable by years. Somewhere in Japan , Venezuela and also in Germany  accepted Bitcoin as a mode of payments through credit Cards  or debit . Cards . Despite of some negativity , Bitcoin is Very much progressive globally and it is now uncontrollable.

[localcrypto]

Crypto is decentralised currency rather than fiat currency nt printed by govt agencies so bitcoin is network based rather than paper based

[[ProTrader]]

It is not legit currency because central authorities have no control over blockchain technology. Bitcoin cannot be reproduce unlike fiat that is why they cannot allow Bitcoin to be a currency so easily. Bitcoin is too transparent and cannot be use in any transaction by the government's  dirty works.