Is bitcoin legit?
Hello friends! Today i'm going write a review about bitcoin. Most people have heard about the $17 thousand dollar craziness with the thing called Bitcoin. Bitcoin is the first public cryptocurrency that was created in 2009 by somebody with the pseudonym "Satoshi Nakamoto," nobody knows who he is and left bitcoin a few years later.
Well, lets get to the good stuff! Is bitcoin legit?
- It depends on your perspective! If you are not open to a new "currency" or a risky door to earn some cash, then i'm sure this is not for you.
- I will tell you this, it is not as scam! But there is definitely plenty of scams and illegal acts surrounding bitcoin.
- You have to take risks! Bitcoin and cryptocurrency is not something you should dump all your money in and expect millions of dollars to pop out. Only put the money in cryptocurrency that you can afford to lose!
Finally, is Bitcoin legit?
OF COURSE IT IS! But you need to be aware that you have to take risks when it comes to cryptocurrency.
Thanks for reading this!
-JefferyColon
Satoshi may not have abandoned us, he just might be working under a different pseudonym : )
That could be. Thanks for the comment! :)
What does "legit" mean?
Most people think fiat money is legit because it's backed by governments and central banks. Cryptos are mostly not backed by any single "trusted" authorities which makes them not legit in many Joe Bloggs' eyes.
It takes a lot of education to get Bitcoin. Many many people have still yet to get educated.
Very true! And yes, i think the government is starting to get involved for some reason, not sure if they are with it or against it yet. They are just investigating it thoroughly. :)