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1kodumtek7
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October 29, 2020, 05:02:29 PM |
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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.
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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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DatKing
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Activity: 1022
Merit: 10
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October 29, 2020, 05:30:43 PM |
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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.
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ichi
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Activity: 182
Merit: 10
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November 03, 2020, 05:08:47 AM |
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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.
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Kong Hey Pakboy
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Activity: 1120
Merit: 68
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November 03, 2020, 12:40:47 PM |
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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.
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. |
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Polo7 (OP)
Jr. Member
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Activity: 392
Merit: 7
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November 03, 2020, 01:02:57 PM |
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Bitcoin Price is by exhangers trading.
Bitcoin himself is all right but If Something happens with Exchangers then btc Price will Go Down also.
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GeorgeJohn
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November 03, 2020, 02:31:02 PM |
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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.
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Sapphire915
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Activity: 182
Merit: 11
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November 03, 2020, 02:52:43 PM |
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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.
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Blackrain13
Jr. Member
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Activity: 328
Merit: 2
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November 03, 2020, 04:06:55 PM |
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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
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. |
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Sterbens
Sr. Member
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Activity: 1848
Merit: 341
Duelbits.com
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November 03, 2020, 04:16:18 PM |
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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.
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bitbunnny
Legendary
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Activity: 2898
Merit: 1068
WOLF.BET - Provably Fair Crypto Casino
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November 03, 2020, 05:00:16 PM |
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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.
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CODE200
Sr. Member
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Activity: 1442
Merit: 308
★Bitvest.io★ Play Plinko or Invest!
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November 03, 2020, 05:38:50 PM |
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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
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. 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. |
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proTECH77
Member
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Activity: 1120
Merit: 30
Bisq Market Day - March 20th 2023
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November 03, 2020, 07:20:29 PM |
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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.
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ardentvolcanoes
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November 03, 2020, 07:58:23 PM |
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We need Some sin free holy Person to say Yes its Bitcoin is good!
The Queen of England?
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. |
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bgaisha
Newbie
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Activity: 14
Merit: 0
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November 03, 2020, 08:23:57 PM |
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I suggest that bitcoin is legit. This is because according to much research, Bitcoin system is 99% accurate, making it reliable for trading software.
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BitJackDog
Newbie
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Activity: 2
Merit: 0
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November 04, 2020, 05:15:08 AM |
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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
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Axelseseclevz
Jr. Member
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Activity: 313
Merit: 1
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November 04, 2020, 02:56:53 PM |
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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.
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Serious475
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November 04, 2020, 03:06:54 PM |
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I suggest that bitcoin is legit. This is because according to much research, Bitcoin system is 99% accurate, making it reliable for trading software.
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. |
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maculeth
Member
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Activity: 714
Merit: 11
BountyMarketCap
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January 28, 2021, 06:29:39 AM |
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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.
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yohananaomi
Sr. Member
Offline
Activity: 2366
Merit: 267
Vave.com - Crypto Casino
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January 28, 2021, 06:56:55 AM |
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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 illicit.
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.
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. |
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samputin
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January 28, 2021, 07:09:19 AM |
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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.
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