Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Domithra on July 15, 2018, 02:32:44 AM
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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.
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because the bitcoin shape is still digital and still many people do not know the bitcoin world gan. therefore bitcoin is still considered a digital currency that has not been sh and recognized by certain countries.
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The price is too volatile to be used as a currency honestly, how the hell do you expect retailers to deal with the price fluctuating ~$500-$1000 over the course of a day? Sorry sir you can't afford these apples because your bitcoin is worth less than it was earlier today. I guess it could be treated like gas prices that seem to get locked in for the day, but it'd be a huge hassle for most stores to deal with. A more stable cryptocurrency will probably be developed eventually to be used as a currency, and bitcoin will remain as a store of value.
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The price is too volatile to be used as a currency honestly, how the hell do you expect retailers to deal with the price fluctuating ~$500-$1000 over the course of a day? Sorry sir you can't afford these apples because your bitcoin is worth less than it was earlier today. I guess it could be treated like gas prices that seem to get locked in for the day, but it'd be a huge hassle for most stores to deal with. A more stable cryptocurrency will probably be developed eventually to be used as a currency, and bitcoin will remain as a store of value.
yes, you are right mate. I agree with you. Until it becomes stable nothing good is possible by bitcoin without trading and getting some profit from it.
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Why is Bitcoin not a legit currency? Bitcoin is not a legitimate currency because in this world the country is different2 if bitcoin is made into a legitimate currency later its name is not digital commerce but the exchange of money between countries so not exciting and uninteresting
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I think instead the bitcoin instead of the legitimate currency but not yet fully in the state by the state because the cause is still no cash .
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The digital currency involves a lot of technicalities and unless the government and those in higher authority understand and accept it, it will not be an accepted currency worldwide.
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It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. That lack of central authority is the primary reason governments are afraid of the cryptocurrency.
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Because bitcoin is decentralized that might not be centralize by just legalizing purpose to call it legit currency.
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Bitcoin right now isn't yet a legit currency for those people who haven't yet understand the proper ways on how cryptocurrency works in every lives. However it definitely recognized by most cryptocurrency traders as legit, but only for those who had exact idea and knowledge with the entire digital currency system.
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Thats true its not legit to those who are not know about it and there are some country are not accepted it thats why they called not legit but for those who are more open minded about bitcoin its pretty much legit because they know what is the relevants of bitcois to thier life.
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bitcoin is not legitimate because, there is still cash that is in use, what else currency in gital has not made the rules or laws in the country so not yet 100% valid, but already allowed, yes we wait aja 5 years forward will surely be endorsed entirely .
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bitcoin is not legitimate because, there is still cash that is in use, what else currency in gital has not made the rules or laws in the country so not yet 100% valid, but already allowed, yes we wait aja 5 years forward will surely be endorsed entirely .
Yes I agree mate, because there is still cash and the goverment keep fiat money, but I believe Inthe future , crypto currency will dominate.
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I believe the very reason of this is because of the volatile and the business competition in the real world. Also bitcoin is created for decentralized purpose and seems that it is creating a deflation in the market which is many will never give favor to this.
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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.
Yes, It is not legitimate, Because The goverment cannt controll bitcoin over.
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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.
Maybe some part of the country and in my own homeland bitcoin is not legit currency because,of there so many reason and one of them thats they afraid to be used this in illegal activities like mony laundering or funds for high crimes etc,while the other reason that there country is lack of technology ,even those belong in the poorest country and one example of them is africa,and how they implement regulation if this crypto technology not will exist into there country.
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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 The goverment afraid to legitimate crypto currency, because They are cannt controll crypto over and Crypto be used illegal activities.
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Normally because bitcoin is not subjected to engage the operation of government. It will become legit currency once government and bitcoin team realized that they need each other to make the world connected.
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this is a temporary bitcoin is not legal, but soon it will be recognized worldwide, and its price will be adjusted
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because a lot of people who still do not know the digital world bitcoin gan. and there are still many people who can not use digital tools. because of their stupidity who had never learned how to get me to invest in bitcoin
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Its just too slow and expensive for small transactions.. I don't see anything so volatile with high fees ever being a legit answer for things like coffee or gum. Even as a digital commodity only it can be 6 figures quite easily.
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because bitcoin is a digital currency that not everyone knows about digital money at this time, in a new country some are using it, because as I know ... many also don't understand digital technology, what else is bitcoin money.
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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.
Bitcoin is digital currency, Many people dont have knowledge about that..Maybe in yhe comung future, It will happen.
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Bitcoin Not a ‘Legitimate’ Currency, But a Trusted Digital Currency. That's what I believe, proven and tested.
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It is because the price of bitcoin is unstable, bitcoin is a digital currencies means price change time to time, that make sense.
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This cannot be generalized as Bitcoin is legitimate in some countries whereas other countries remain neutral about it. Only a few countries have declared their stands against Bitcoin. However, the only reason pulling out these few countries is that Bitcoin offers anonymous transactions, hence can be used to fund terrorism and involve in money laundering.
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probably because bitcoin is not yet available in all countries and there are still many lay people who have not been able to and have not known the investment in bitcoin gan
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because bitcoin currency has not yet been inaugurated in big countries, but the next year the progress will be more advanced, I believe the bitcoin currency will be recognized by the big country.
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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 simple terms until it gets a centralized state it will not be given importance as a legal currency.In my thinking it will get the legal status with some sort of limitations depending upon the government.It is legal ,as everything happens through internet scamming is easier and this makes people term it as not legit one.
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This is because the bitcoin itself is virtual currency where the physical is not visible, besides bitcoin itself hasn't been able to reach in all walks of life there are still other constraints so that bitcoin hasn't been able to be used as currency legitimate.
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Bitcoin is illegal. That's its meaning. Wallets are anonymous. How can it be completely legal? States will not allow this.
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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.
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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
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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.
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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
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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.
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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.
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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.
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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.
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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.
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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.
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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 .
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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.
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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.
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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.
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In bitcoin, not everyone is sure. Someone has already accepted it, but it lacks stability and arguments about its acceptance around the world