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Topic: Bitcoin not the choice of criminals anymore - page 5. (Read 1826 times)

legendary
Activity: 3080
Merit: 1353
The media is powerful and it is against cryptocurrency. We noticed that it also spread negative feedbacks about bitcoin as well as false predictions so people give up on it or be afraid so they would sell their coins and avoid taking risk. It is also noteworthy that big whales are manipulating the price as they want.
The mainstream media outlets are not against crypto. They absolutely love it with how much interest it generates. The only thing they are doing is adjust their reports based on the sentiment of the market.

Back in the days people by default assumed that Bitcoin was a scam or ponzi scheme, which has drastically shifted with how people are using to find out what Bitcoin really is.

If the mainstream audience starts picking up on Bitcoin positively, the media outlets follow the trend and start hyping it up. It works both ways though. In good or bad times, their only motive is to generate income.

Bitcoiners are too easily triggered into thinking that the entire world is against them. Relax.

Exactly, I still remember a lot of garbage post early 2017 and portraying bitcoin in a negative way and even Gold fanboy websites is also attacking crypto at every angle. And they quickly shifted the tone when the massive bull run started getting a lot of clicks on them in return and generated a lot of income. LOL. Perhaps the criminals stop using bitcoins when the law enforcement started to clamp down on them and scanning every blockchain transaction for evidence. Most of them might be using privacy coins though, at but least the stigma that bitcoin is being used by criminals have been cleared by authorities, so its a welcoming news.
full member
Activity: 1316
Merit: 108
BTC us getting a much-improved image as US law enforcement acknowledges that BTC criminal use has declined dramatically.

https://forexmarketslive.com/bitcoin-not-the-choice-of-criminals-anymore/

Well, this is possible to happen because most of the nations are now creating and improving their regulations policies to ensure that Bitcoin currency will not be use in illegal activities which is really very effective. KYC alone although a difficult task but its proven effective in which people background can now be identified. I believed this is the reason too on why the demand of Bitcoin and the crypro currency is reducing because some of it are formerly owns by the illegal people.
Your reasoning is not entirely true. The KYC test is purely a preventative measure. She does not fight crime directly. Commands ICO, exchanges and exchangers can not determine who the criminal is and who is not. Simply gather information about persons trading crypto currency. When something happens in the future, law enforcement agencies will be able to use this information in future to reach out to criminals. How often does this happen? No. Therefore, this verification of KYC virtually does not solve anything. At the same time, it is actually a continuous control over financial activities of citizens. Checking KYC does more harm to the rights of citizens than helping to fight crime.
hero member
Activity: 2688
Merit: 540
DGbet.fun - Crypto Sportsbook
The media is powerful and it is against cryptocurrency. We noticed that it also spread negative feedbacks about bitcoin as well as false predictions so people give up on it or be afraid so they would sell their coins and avoid taking risk. It is also noteworthy that big whales are manipulating the price as they want.
The mainstream media outlets are not against crypto. They absolutely love it with how much interest it generates. The only thing they are doing is adjust their reports based on the sentiment of the market.

Back in the days people by default assumed that Bitcoin was a scam or ponzi scheme, which has drastically shifted with how people are using to find out what Bitcoin really is.

If the mainstream audience starts picking up on Bitcoin positively, the media outlets follow the trend and start hyping it up. It works both ways though. In good or bad times, their only motive is to generate income.

Bitcoiners are too easily triggered into thinking that the entire world is against them. Relax.
You cant blame the community on how they would think and after all the FUDS and Shills out there you cant really say that you would entire trust the media and as being said they can add up or neither decrease informations if they wanted too. This is why most people when they hear out some news they do already expect negativity against bitcoin or the entire crypto itself. The difference nowadays compared to earliest years into bitcoin is about the decrease of criminality due to the fact regulations is starting to take involvement and users will definitely be alarmed if they tend to do illegal act carelessly.
jr. member
Activity: 30
Merit: 37
Perfect!!!

I hope this can open the eyes of the world and become a cause of widespread acceptance of bitcoin by various countries.
legendary
Activity: 1526
Merit: 1179
The media is powerful and it is against cryptocurrency. We noticed that it also spread negative feedbacks about bitcoin as well as false predictions so people give up on it or be afraid so they would sell their coins and avoid taking risk. It is also noteworthy that big whales are manipulating the price as they want.
The mainstream media outlets are not against crypto. They absolutely love it with how much interest it generates. The only thing they are doing is adjust their reports based on the sentiment of the market.

Back in the days people by default assumed that Bitcoin was a scam or ponzi scheme, which has drastically shifted with how people are using to find out what Bitcoin really is.

If the mainstream audience starts picking up on Bitcoin positively, the media outlets follow the trend and start hyping it up. It works both ways though. In good or bad times, their only motive is to generate income.

Bitcoiners are too easily triggered into thinking that the entire world is against them. Relax.
legendary
Activity: 2688
Merit: 3983
It was only five short years ago that the majority of bitcoin transactions involved a criminal element. That number has now dropped to less than 10% of BTC transaction. This was revealed in a recent Bloomberg interview with a DEA official.

I do not know how these studies were done, and how criminal elements were identified? But I totally agree that the rate of bad use has fallen.
I think the main reason for this shift is the encouraging heights 'bitcoin up to 19000" and the positive news "Media effect".

The other thing is how will legislation be prepared for all cryptocurrencies since many of it have been used for dark activities and money laundering? The standards of financial institutions also lose the structure of decentralization.

A 90% drop in the illicit use of Bitcoin will have an immense impact on lawmakers and open up those who might have been previously for an all-out crypto ban.
Even if these numbers are true, It will not has an impact on lawmakers, it just means that "Bitcoin is not bad".
sr. member
Activity: 1078
Merit: 342
Sinbad Mixer: Mix Your BTC Quickly
Added to what you have said, the Media also plays a major role in changing the public's opinion which I believe to be a sort of manipulation. The media is powerful and it is against cryptocurrency. We noticed that it also spread negative feedbacks about bitcoin as well as false predictions so people give up on it or be afraid so they would sell their coins and avoid taking risk. It is also noteworthy that big whales are manipulating the price as they want.
newbie
Activity: 10
Merit: 0
Until the Bitcoin Community becomes a SAFE HAVEN for all crypto traders. Smiley
full member
Activity: 714
Merit: 100
BTC us getting a much-improved image as US law enforcement acknowledges that BTC criminal use has declined dramatically.

https://forexmarketslive.com/bitcoin-not-the-choice-of-criminals-anymore/

Well, this is possible to happen because most of the nations are now creating and improving their regulations policies to ensure that Bitcoin currency will not be use in illegal activities which is really very effective. KYC alone although a difficult task but its proven effective in which people background can now be identified. I believed this is the reason too on why the demand of Bitcoin and the crypro currency is reducing because some of it are formerly owns by the illegal people.
newbie
Activity: 100
Merit: 0
BTC us getting a much-improved image as US law enforcement acknowledges that BTC criminal use has declined dramatically.

https://forexmarketslive.com/bitcoin-not-the-choice-of-criminals-anymore/
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