Bitcoin legit or not

[dificanovi]

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.

[mezzaluna]

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

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.

[shamimal93]

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.

[Alert31]

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.

[Pffrt]

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.

[MainIbem]

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. 

[AnonBitCoiner]

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.

[ChrisPop]

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.

[hahay]

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.

[Renampun]

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.

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.

[Adhar]

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

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.

[Google+]

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.

[EncuentraCerca]

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

[Sadlife]

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.

[Polo7]

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

[Wulan_maniez]

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.

[MCobian]

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.

[MickLichz]

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.

[bitzizzix]

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.

[lienfaye]

Someone with good and legit reputation need say here if bitcoin is secure safe and legit!!

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.

So is bitcoin good or not?

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