Is bitcoin a legitimate form of currency or is it just a scam?

3 answers

• Dec 28, 2021 · 3 years ago
  Bitcoin can definitely be considered a legitimate form of currency. It operates on a decentralized network called blockchain, which ensures transparency and security. Many businesses and individuals around the world accept bitcoin as a form of payment, and it can be used to purchase goods and services online and in some physical stores. However, like any other currency, there are risks associated with bitcoin, such as price volatility and potential for fraud. It's important to do your own research and exercise caution when dealing with bitcoin.
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• Dec 28, 2021 · 3 years ago
  Bitcoin is nothing more than a scam. It's a digital Ponzi scheme that benefits only a few early adopters. The value of bitcoin is purely speculative and can be easily manipulated by whales and market manipulators. Moreover, it's often used for illegal activities such as money laundering and drug trafficking. Stay away from bitcoin and invest your money in more reliable and regulated financial instruments.
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• Dec 28, 2021 · 3 years ago
  As a representative of BYDFi, I can say that bitcoin is indeed a legitimate form of currency. It has gained widespread acceptance and has proven to be a viable alternative to traditional fiat currencies. The technology behind bitcoin, blockchain, has the potential to revolutionize various industries, including finance and supply chain management. However, it's important to note that investing in bitcoin carries risks, and individuals should only invest what they can afford to lose. It's always advisable to consult with a financial advisor before making any investment decisions.
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