Why is Bitcoin not a legit currency?

[salander007]

Bitcoin is illegal. That's its meaning. Wallets are anonymous. How can it be completely legal? States will not allow this.

[Black ID]

Bitcoin is not a legal currency because it is not issued by the government of a country. Bitcoin is created by a group of people who come from a country. The bitcoin system is also not decentralized so it cannot be controlled by the government.

[Vega-RR]

because of the movement of the bitcoin price chart no one can predict when the price will rise and when the price will drop. so many people are still studying the development of bitcoin bro. from the positive and negative side

[kevinjulio]

Bitcoin is illegal. That's its meaning. Wallets are anonymous. How can it be completely legal? States will not allow this.

more or less what you say is true, anonymous is one of the traits that make it difficult for bitcoin legal rights. In addition, there are still some other places like nature decentralized and volatile bitcoin.

[Keras lur]

maybe bitcoin has not been known by many people, so bitcoin has not become a legitimate currency, if the bitcoin currency is legitimately I'm happy

[Nanagyasi]

For btc to be legalised, governments must understand how it operates very well and evaluates the benefits of btc to the government. To my best of knowledge, some governments view btc as a thread to their economy probably because they can't have their tax with btc.

[Bram Manis]

This is because of the nature of the bitcoin centralization, where the Government does not participate in it, set up so the Government can not provide regulation. In addition, there is still some difficulty for each region or society to be able to access the bitcoin.

[mahadev]

Bitcoin isn't a legit currency as of now because it is required by the Bureau of Engraving and Printing (BEP) and other authoritative bodies and governments to come to terms with the operations of Bitcoin. Here is the case, the real positive concept and significance of Bitcoin is not fully understood  by these bodies in order to legalize it.

I think Because every country has own fiat money. Bitcoin ia digital currency.

[desanti]

because bitcoin is in the form of money in gital and there are still many people who don't know what bitcoin and bitcoin are not legitimate currencies because they have not been fully accepted in all countries.

[OKI AL AZIZ]

I do not agree with you. You can’t downplay the risk aspect of bitcoin. We even learn the more we take risks. Blockchain is very alien to most people so their first move of adopting it alone is a risk.

[legend45]

Bitcoin isn't a legit currency as of now because it is required by the Bureau of Engraving and Printing (BEP) and other authoritative bodies and governments to come to terms with the operations of Bitcoin. Here is the case, the real positive concept and significance of Bitcoin is not fully understood  by these bodies in order to legalize it.

In my opinion the reason why Bitcoin is not legit currency, Because bitcoin is decentralized platform. The government cannot control bitcoin over, They afraid bitcoin be used illegal activities.

[Jogjaasli]

because bitcoin cannot be controlled especially regulating the rise and fall of bitcoin prices that can never be stable, it is certainly difficult to be able to make bitcoin as a legitimate currency .

[thanks rye18]

For me i strongly believed that bitcoin is also a legit currency like a traditional money but the difference for bitcoin is a currency in form of digital and can be transacted only online or if the internet connection is exist unlike money can be transacted anytime or offline.

[Vx1]

Bitcoin prices that go up and down are uncertain as one of the causes of the government not making Bitcoin a legitimate money, and acting like ordinary Fiat money. But I'm sure, someday, this Bitcoin will get wide recognition from people in this world.

[Fenix]

Bitcoin and other crypto currency are still being studied by the governments of different countries and they are not yet in a hurry to legalize it, since this is a completely new phenomenon for our society, concerns finance and the fact that the crypto currency has great shortcomings from the point of view of governments.