Bitcoin Legitimacy

I think bitcoin is even more legit than the dollar is, because it's price is determined the people, buying and selling it. capitalism
Ever since the US dollar left the gold standard. it's just a fiat currency,

bitcoin and the dollar the euro etc and all the other fiat currencies have pretty much the same principles when it comes to getting their value of intrinsic tangible goods,

they dont

the only difference is in bitcoin is the price is determined by people in the markets. in the aforementioned fiat currencies, it's value comes pretty much always from a central bank, which citizens like you and me. have no control over
decentralized currency in general, cannot be a bad idea right?
infact bitcoin is also a fiat currency with all the government backed currencies if you look at it from a technical perspective

just because it's online doesn't mean it's value isn't legit
bitcoin operates on the same principles every other currency does. demand = price increases
too much = inflation
I dont see why someone would consider this not a legit currency but another currency legit

the reason bitcoin does make these large climbs and drops is, it's simply not big enough yet. the dollar has a market cap of over 2 trillion dollars. and increasing. bitcoin isn't there yet. Will be impossible when it is worth as much as the dollar is. perhaps a change of a few dollars per bitcoin a day. but that is negligible when one bitcoin would be worth upwards of 100k in this scenario,
it would at that point be just as volatile as the USD