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Topic: The Bitcoin Community Is Now Dominated by Speculators Not Criminals!! (Read 1226 times)

full member
Activity: 546
Merit: 100
Yes I agree bitcoin community is speculators not criminals because bitcoin is business not a crime. But in some reason and situation bitcoin see either people as a crime that dominated by the criminals because some people or criminals are using bitcoin for their illegal transactions. And I think time will come that people's mind will change when the time that many people are improves their life in using bitcoin.
hero member
Activity: 1302
Merit: 540
Currently, the ratio of legal to illegal activity on the bitcoin network has completely changed trend as the former surpasses the former. This was stated by DEA Agent Lilita Infante at the U.S Drug Enforcement Administration.

Is the number of criminals on the bitcoin network has significantly reduced compared to early days?

https://coinpedia.org/news/bitcoin-network-speculators-not-criminals/
If the level of criminality has reduced it means bitcoin network is developing and a new pattern is been created.  Bitcoin is now a speculatives assets and not what many of us were calling it before as many people said it is a ponzi scheme.  Some said bitcoin is a scam but we are now having a different views on it now.  I strongly believe that in future bitcoin will be refer to as a valuable asset and people will treat it as we are treating gold now.  This technology is one of the Best Human discovered.
Time will come and that perceptions about bitcoin will be change to that mindsets, more individuals and businesses will change their minds for the best interest, the market will adopt whatever venue will bring them a potential possibilities, the trend already been change from criminalities to a good
investment assets, future will be more successful for people who invested with this industry.
sr. member
Activity: 1470
Merit: 325
the bitcoin community is diminishing, the nocoiners have all created their new altcoins, why support bitcoin?

member
Activity: 574
Merit: 12
This is true, the number of criminals in the bitcoin community has greatly reduced as people are now more careful with vital information. Unlike before people now mind links they click and ICOs they participate in, making sure their vital information like private keys and recovery seeds are well stored in a very safe place. This security measures taken by people who own bitcoins has made it very difficult for criminals to steal funds thereby pulling out of crypto world. Now we have speculators as everyone is trying so hard to predict the price and future of bitcoin at every point in time. Though not too cool but far better than having criminals.
sr. member
Activity: 882
Merit: 282
Currently, the ratio of legal to illegal activity on the bitcoin network has completely changed trend as the former surpasses the former. This was stated by DEA Agent Lilita Infante at the U.S Drug Enforcement Administration.

Is the number of criminals on the bitcoin network has significantly reduced compared to early days?

https://coinpedia.org/news/bitcoin-network-speculators-not-criminals/
If the level of criminality has reduced it means bitcoin network is developing and a new pattern is been created.  Bitcoin is now a speculatives assets and not what many of us were calling it before as many people said it is a ponzi scheme.  Some said bitcoin is a scam but we are now having a different views on it now.  I strongly believe that in future bitcoin will be refer to as a valuable asset and people will treat it as we are treating gold now.  This technology is one of the Best Human discovered.
member
Activity: 314
Merit: 10
“A nexgen decentralized ride hailing ”
It is definitely true that the bitcoin community is now dominated with speculators rather than criminals/terrorists/drug dealers etc... The dark web used bitcoins for criminal activities but the time has changed now.
The rise of bitcoin's price was due to the criminal activities, drug dealers etc.. but over the time the bitcoin community has grown well and now there are more number of speculators who dominates bitcoin's price.

The opinion that bitcoin is used by criminals is the voice of bitcoin haters, who feel bitcoin has no benefit. They do not know that bitcoin has provided a lot of convenience for many people who are scattered in the world.
The owner of bitcoin is actually a person who knows the potential benefits of bitcoin ownership for the future, both from trade and investment. They invest a lot of money to increase their profits. In other words, they are speculators who are optimistic that bitcoin provides profits.
member
Activity: 461
Merit: 17
🔰FERRUM NETWORK🔰
People are now getting use to bitcoin and it technology and at that the means which people where fraud through in past is now being block and at that people now can detect the activities of fraud on sporting it, the rate has decrease greatly and in time to come it will be free of fraud that is the essence of decentralization.
The owner of bitcoin is currently the majority of speculators, because they know that bitcoin is very volatile so to play speculation is very interesting, and the profits made are very large. The biggest record is certainly for bitcoin owners who hold large numbers before 2017 and sell it in December 2017. The profits are tremendous.
For criminals holding bitcoin may be able to disguise their ownership, but at the time of withdrawal their identities can be known and for them is very risky. So, in my opinion the most bitcoin owners are speculators.
legendary
Activity: 1778
Merit: 1009
Degen in the Space
This is true, the criminals who flooded the Bitcoin community have gotten tired and left as people have become very smart and extremely careful making it difficult to steal money now. We only have so many speculators currently on the Bitcoin community as people try to predict the price of Bitcoin or what will happen to Bitcoin every now and then failing to understand this is impossible.

This is the annoying part of the community, there are too much speculators that even a single prediction no one marked check. The speculators now are just moaning about the price value so they think it will comeback again, that's why i'm laughing at them. Most of it are just bounty hunters that is waiting for their payment, they didn't receive payment because of the low price value of the bitcoin while the real investors are keeping their mouth shut up and trying to solve the standard deviation of the bitcoin's pump date.

Also, criminals are hiding here, even in this platform you can be a criminal 'cause each of us have an username. Criminals would not be gone here, they're still using this method.
sr. member
Activity: 1330
Merit: 256
no, I think their response to the blockchain and bitcoin systems is very slow. so they chose the conventional transfer method between banks.

Yaya Fanusie from FDD explained that terrorist funding using Crypto always failed. criminal groups that use crypto only in small transactions.

but, some criminal actions chose to hack the system and create malware for a mining world.
hero member
Activity: 1246
Merit: 529
CryptoTalk.Org - Get Paid for every Post!
People are now getting use to bitcoin and it technology and at that the means which people where fraud through in past is now being block and at that people now can detect the activities of fraud on sporting it, the rate has decrease greatly and in time to come it will be free of fraud that is the essence of decentralization.

Nah i doubt it. Even fiat with all it's security features that's been here for the longest time is still easy target for frauds and scams so crypto will always have that issue as well. Though i never thought that crypto was dominated by criminals in the first place. Big investors always are at the top of industries like this and speculations can be manipulated by legitimate events and news.
hero member
Activity: 588
Merit: 541
Of course mate, it has been like this like forever, but you should know that even criminals are still using

Bitcoin, no doubt about that. what I don't get, is why are the speculators hurting the price, I mean the

Price is not what it should be, maybe government dumpers are doing this to dump the price just to buy

Back later? that I"m not so sure though.
legendary
Activity: 2016
Merit: 1107
bitcoin community dominated by criminals, or it has been dominated by criminals is a myth
this is nothing else but an attempt to smear cryptocurrency and a technology to tie bitcoin and crime in your brain
the reality is that bitcoin related crimes numbers pale in comparison to fiat :
https://ambcrypto.com/cash-still-preferred-over-bitcoin-btc-and-other-cryptocurrencies-by-criminals-says-fbi-official/
https://news.bitcoin.com/cryptocurrency-harder-launder-fiat-currency/
etc. etc. you can Google yourself if you want to see the figures, by the way
legendary
Activity: 1372
Merit: 1032
All I know is that I know nothing.
I agree with this one. There are a lot of cryptocurrencies that surpasses Bitcoin when it comes to speed, usability, and anonymity. I heard that they mostly use doge coin and monero now because they can't trace. Although Bitcoin is pretty famous around, it wasn't really completely anonymous.

unfortunately you are misinformed. first of all there is no difference between coins such as Doge and bitcoin, they are similarly at the same level of anonymity or lack thereof. (monero is different).
secondly there are no other cryptocurrency that is surpassing bitcoin on all counts. there are some that are faster for instance but that higher speed is sacrificing at least a dozen other things and has introduced lots of weaknesses.
member
Activity: 952
Merit: 41
People are now getting use to bitcoin and it technology and at that the means which people where fraud through in past is now being block and at that people now can detect the activities of fraud on sporting it, the rate has decrease greatly and in time to come it will be free of fraud that is the essence of decentralization.
full member
Activity: 756
Merit: 102
Yes, there are many new speculators in the current community, which may be beneficial to the industry.

Speculators or speculations can also bring negativity from the cryto space because not all speculators are good persons , not all speculations are good news  .

But thats normal and happen all the time . can you imagine in real life there were also haters and bashers when someone is on top but those haters and bashers are also the key reason on why someone can become succesfull .  

The same scenario can also happen on crypto in terms of speculations  .
full member
Activity: 1624
Merit: 163
I guess that the criminals decided to use Monero, Dash, ZCash or other anonymous crypto currencies, because their transactions can't be tracked. Yes, Bitcoin is quite transparent crypto currency, so BTC is trusted by many people.

Anyways, I think that the overall dark market was not reduced, but illegal activities are paid in other coins. Therefore currently the most of Bitcoin transactions are made by speculators.

I agree with this one. There are a lot of cryptocurrencies that surpasses Bitcoin when it comes to speed, usability, and anonymity. I heard that they mostly use doge coin and monero now because they can't trace. Although Bitcoin is pretty famous around, it wasn't really completely anonymous.
hero member
Activity: 2702
Merit: 716
Nothing lasts forever
It is definitely true that the bitcoin community is now dominated with speculators rather than criminals/terrorists/drug dealers etc... The dark web used bitcoins for criminal activities but the time has changed now.
The rise of bitcoin's price was due to the criminal activities, drug dealers etc.. but over the time the bitcoin community has grown well and now there are more number of speculators who dominates bitcoin's price.
newbie
Activity: 21
Merit: 0
Yes, there are many new speculators in the current community, which may be beneficial to the industry. The community is constantly developing and expanding.
hero member
Activity: 2842
Merit: 772
well you rigth as currently the crypto community is filled with so many speculators who try at every point in time to predict the price of bitcoin or what will happen to bitcoin as they are only bothered about making nothing but quick profit every now and then

This is a free and open market, so you can do anything, be your a speculator or whales or part of a pump-and-dump groups. Of course everyone wanted to make money here, whether shorting bitcoin or just by holding, to each his/her own.

Nobody complains when the price hits $20k, so we can say as well that there's no reason to bitch around when the price is $3k. Everyone should learn how to make money, doesn't matter which cycles we're in and that is the beauty of this market.
full member
Activity: 810
Merit: 101
Uniquely. Bitcoin has become very popular and everyone wants to show that there is nothing wrong with it. Therefore, I believe that the percentage of use of crypto for criminal purposes has decreased significantly.
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