Topic: Bitcoin legitimate or illegal? - page 3. (Read 1942 times)
This question is very common because a lot of times this question is repeat i think.Bitcoin is legal for many countries i know.But only few countries ban Bitcoin.Majority of the countries fully support Bitcoin that's why i treat this is absolutely legitimate.
Bitcoins legal status is different in each country. Bitcoin is a autonomous cryptocurrency. Its peer to peer exchange is based on the mutual trust and understanding among its users and miners. Where & when to use bitcoin is solely in the hand of its owner no one can control it. Some countries like UK,USA, Australia are planning to regulate bitcoin currency . They are claiming that bitcoin has increased serious criminal activities like terror funding, drug and gun trafficking in their country. It if quiet difficult to track bitcoin user. One can transfer fund to anyone without help of any third party assistance. This making bitcoin popular in criminal activities.
Bitcoin in some countries is considered illegal as a currency because it does not include a country's currency criteria, but this bitcoin is one of the most promising investment commodities if we can take advantage of the best opportunities and risks.
Bitcoin is a legitimate form of currency. There are countries that accept bitcoin. Bitcoin helps people in a lot of ways that is why it is important for most of us. But there are countries that do some rules and regulations about bitcoin and there are also leaders that make bitcoin illegal in their countries.
I hope it will never be illegal because then all my bitcoins i made will be for nothing. I hope that i can continue investing in bitcoin.
Because bitcoin is the reason i don't have money problems. so i pray every time.
Because bitcoin is the reason i don't have money problems. so i pray every time.
Bitcoin is not illegal. That's how people use the bitcoin. So many countries do not allow the use of bitcoins because they use it in the wrong way.
I know bitcoin is money, and money is always used for legal or illegal purposes. I'm afraid bitcoin is used for criminals because of its nature that can be spent on personal payments and can't be canceled.
I think bitcoin is as a weapon is neither good nor bad, but all depends on the people who use it.
Bitcoin is legit because there is no valid reason or even proof that will make bitcoin looks illegal. We all have currencies in different counties that is being use in illegal things and it doesn't matter if there are some cases like that because that is very common. Bitcoin is legit and soon it will become stronger in terms of legitimacy because of the possible approval of the governments in different countries.
Do you know that the existence of Bitcoin has increased crime in some countries in the world? This problem is thrown by the Metropolitan Police of Europe and the United Kingdom. According to them, Bitcoin has played a huge role in their community's growing guilt. They also think that Bitcoin is involved for cybercrime, but how does Bitcoin increase crime work? Why is it being considered illegal in the country?
There is no doubt that bitcoin can be used on illegal activities because of its characteristics. Bitcoin does not reflect any information from the sender or to the receiver. So meaning, the transaction is completed without giving any information from the people who used it. Europe is a modern and rich continent so I do not know why there is increased crime because of bitcoin. It would likely to happen in a country where there are many poor people. Maybe people there are greedy that is why.
Do you know that the existence of Bitcoin has increased crime in some countries in the world? This problem is thrown by the Metropolitan Police of Europe and the United Kingdom. According to them, Bitcoin has played a huge role in their community's growing guilt. They also think that Bitcoin is involved for cybercrime, but how does Bitcoin increase crime work? Why is it being considered illegal in the country?
maybe because bitcoin was use in a different way not in a good way. some country uses bitcoin as their money of course you can not blame bitcoin for it because if you have an illegal transaction bitcoin doesn't know about it. bitcoin only knows how much you will be used to transac but it doesn't know what will you buy and everything. well the this advantage of this is the people abused the use of bitcoin 
Do you know that the existence of Bitcoin has increased crime in some countries in the world? This problem is thrown by the Metropolitan Police of Europe and the United Kingdom. According to them, Bitcoin has played a huge role in their community's growing guilt. They also think that Bitcoin is involved for cybercrime, but how does Bitcoin increase crime work? Why is it being considered illegal in the country?
Bitcoin is legitimate but you explained, some country think that bitcoin is illegal. So still not 100% legitimate or illegal.
I think that this aspect is of much profit for us as the coins would not get under the pressure of high taxes and transaction would always remain safer.
Friend I will give you my personal opinion about Bitcoin and similar blockchain databases
All of them are simple Popzi Schemes and are not real assets, they exist just because people put fiat money to them. Miners are companies that burn huge amount of fiat currency to electric bills and hardware just to find a worthless sha256. Bitcoin does ZERO real work.
Blockchain technology is good when does something good to the real world, like keep track of some important information, not just keep track who pays for the wasted mining energy ...
Ethereum , NEO and platform like these are the real beneficial assets to the world and where the blockchain technology is used right.
All of them are simple Popzi Schemes and are not real assets, they exist just because people put fiat money to them. Miners are companies that burn huge amount of fiat currency to electric bills and hardware just to find a worthless sha256. Bitcoin does ZERO real work.
Blockchain technology is good when does something good to the real world, like keep track of some important information, not just keep track who pays for the wasted mining energy ...
Ethereum , NEO and platform like these are the real beneficial assets to the world and where the blockchain technology is used right.
The normal use of bitcoin is legal, and it is against the law to use bitcoin for criminal activity. Now some countries have banned bitcoin. Bitcoin is getting more and more attention in the world and these problems will be solved. 
Do you know that the existence of Bitcoin has increased crime in some countries in the world? This problem is thrown by the Metropolitan Police of Europe and the United Kingdom. According to them, Bitcoin has played a huge role in their community's growing guilt. They also think that Bitcoin is involved for cybercrime, but how does Bitcoin increase crime work? Why is it being considered illegal in the country?
I think it is due to user consciousness, why blame bitcoin? There are so many criminals that are not synonymous with badcoats!
In the country where I live, the status of bitcoin is in the gray zone. The government does not legalize bitcoin but also does not prohibit citizens using bitcoin. The government calls on bitcoin users to be careful because all risks are borne by the users themselves.
It depends on you how you'll use bitcoin. You may use it to a good things or use it to illegal jobs or buying anything illegal (on darknet/silk road). It's up to you. It's just like a regular money. It's up to you on how you use it. If you like to buy marijuana or illegal drugs you can but as "illegal." Indeed a lot of people using it for criminal purposes. Paying into a live 'deepweb' shows (that is illegal) by using bitcoin. With that you can be safe because you're paying anonymously.
Yes, it varies from person to person and many and since it isn't centralized governmental authorities might not have the outright authority to prosecute those behind illegal transactions. Other currencies are also used to perpetuate criminal activities and i don't think it's different in this case and so we shouldn't single out bitcoin.
Bitcoin is Legit. But it's up to you on how you use or handle it. On how you spend it.
It depends on you how you'll use bitcoin. You may use it to a good things or use it to illegal jobs or buying anything illegal (on darknet/silk road). It's up to you. It's just like a regular money. It's up to you on how you use it. If you like to buy marijuana or illegal drugs you can but as "illegal." Indeed a lot of people using it for criminal purposes. Paying into a live 'deepweb' shows (that is illegal) by using bitcoin. With that you can be safe because you're paying anonymously.
Yes, it varies from person to person and many and since it isn't centralized governmental authorities might not have the outright authority to prosecute those behind illegal transactions. Other currencies are also used to perpetuate criminal activities and i don't think it's different in this case and so we shouldn't single out bitcoin.
It depends on you how you'll use bitcoin. You may use it to a good things or use it to illegal jobs or buying anything illegal (on darknet/silk road). It's up to you. It's just like a regular money. It's up to you on how you use it. If you like to buy marijuana or illegal drugs you can but as "illegal." Indeed a lot of people using it for criminal purposes. Paying into a live 'deepweb' shows (that is illegal) by using bitcoin. With that you can be safe because you're paying anonymously.
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