Bitcoin Forum

I wonder if this cryptomarket will end up to have like high marks on the mafia-market and if people would start to make like ''crazy'' decisions when it comes to BTC !!

That would certainly happen in any economy. I am very worried about the future of bitcoin. As the cost of bitcoin is so high and a lot of people use the service, the number of criminals will increase a lot.
That will lead to the extinction of bitcoin. The world government will be involved in the problem and the risk of extinction of the crypto market is enormous. :-X

It can but then the government will interfere of course. I think the privacy coins are going to be the most problem when it comes to criminals.

This is possible that is why we need the regulation so that Bitcoin will not be use by these criminals and to ensure criminal rate will not increase just because of Bitcoin but there are people are selfish that they don't like regulation because of tax in which they only think of themselves but not the welfare of entire community.

I'm sure that Bitcoin was used for different kinds of illegal payments from the very first day of its existence:) it was not as wide-known as it is now, so the transfers were even more anonymous.

Money drives me crazy, and light and uncontrollable even more so. While there is no control, scammers and other criminal elements will use this. We need control and screening, but for now all of us are at risk with nothing.

With the advent of bitcoin, special interest was attracted to him by those who have something to hide. It seems to me that crypto currency is still far from ordinary money. Ordinary money creates even worse things than a cryptocurrency.

For sure all cryptocurrency, as well as Bitcoin could be used by mafia for some black purposes. But they also use fiat in a real life.Moreover, Bitcoin transactions today are too expensive and slow for frequent usage.

I bet with the new years up-coming,  i wonder if they will start also a movie about this subject, imaging BTC replacing currencies over the world and everyone's dream to go full digital will come true, every hacker's dream :D

Of course you can, but you also know that bitcoin movements are greatly influenced by good news, but if more bad news is sure prices will be difficult to rise in price.

I don't think so

I think it is very likely that when the benefits brought by Bitcoin are too large, many other forces will join. The cryptocurrency market is full of uncertainty and even more dangerous.

Actually it will reduce the number of criminality. Ordinary thief can not steal your bitcoin, they don't know what is the private key or password. But you still have to be careful about hackers . I suggest you to use hardware wallet, it will reduce the number of corruption as well. Because all transactions are recorded.

As the regulation of bitcoin crime must be the focus of the crackdown, the bitcoin trading system certainly needs to be able to track the flow of money.

The bitcoins of platform A are available on platform B, which is easily tracked!

Lawless elements will always try to find a way to ease their operations and I think they may use bitcoin speed up their moves. So in this case the government of a country may interfere with the bitcoin operations. This is going to be a bad news for us.

This is what the government is very worried about. Bitcoin is widely misused for illegal transactions.  criminals use it for money laundering and even terrorist financing by means of anonymous transfers. with this blockchain technology will help the bitcoin from the hands of bad guys.Whereas the existence of bitcoin is very helpful to the community in terms of financial and knowledge.

We can't deny that fact, that is why I agree with everyone else about the imposing of some regulatory on usage of bitcoin such as the transparency of their transactions, but it would be possible after years of creating and doing a lot of paper works...

throughout the history of the world, criminality has become a part of human life. so, there is no crypto benchmark to be a very influential criminal center.
it all depends on the individual itself

Criminals still find ways to do illegal transactions even though crypto not exist. We dont blame the crypto for the
negligent of law enforcement or lack of law on how to arrest those criminals. Fiat money is more worst than cyrpto.

IF IT IS USED FOR ILLEGAL PURPOSES OF COURSE

but I think maybe governments  will take care of this maybe they will make some rules about it.

its unfortunate that  we cannot control how and where Bitcoins are used and by who. the fact that Bitcoin has been used as  in the dark web and by criminals has created concerns by the national governments.. This is an area of concern that should be focused on but the freedom Bitcoin offers makes it impossible to regulate its usage.

It can happen, because as we know, bitcoin can be accessed by anyone, and not bound by any country. It is difficult to anticipate such a thing, preferably bitcoin rights holders can provide the latest breakthrough on security systems in order to anticipate people trying to use bitcoin for criminal use.

With the advent of bitcoin, special interest was attracted to him by those who have something to hide. It seems to me that crypto currency is still far from ordinary money.

Either Bitcoin or fiat money, these criminals don't care. These criminals are present and have solid backings in top positions in each country. Bitcoin has its own blockchain that is black and white and can never be edited.

This is one of the issues that haunt Bitcoin since the start but authorities have been dealing this effectively, this is the only downside of Bitcoin and other decentralized coin but the advantages outweigh the disadvantages.

For sure every technology can be use for good and bad. So bitcoin can be use for  criminality that is the bad side but the good in bitcoin and cryptocurrency out weigh the bad side.

Yes, of course money laundering is an issue with a growing concern over it's usage by terrorist to laundered funds to their various links using bitcoin, considering the anonymous and decentralized nature and most wallet does not requires KYC this makes it even more difficult to trace any fund using bitcoin.

There are chances to increase the Criminality rate, as the BTC settles down the payment with anonymous behavior. It does the Peer to Peer settlement, but we cannot track the address or other information of the parties involved here. This BTC payment system is used to buy and sell Arms & Ammunition, dangerous Weapons, Illegal Drugs, and also for the other terrorist funding activities. And that is the reason many countries are banning them and they will make them legal in their country with proper management and plan them with strong regulations.

It will likely to happen because money is involved, when money is involved pretty sure that there will be crimes to be done. BTC has been popular these times that makes it a target.

I do not think so. evil always exists of any kind and wherever it is. I do not agree bitcoin can increase crime in cyberspace. the impact of rising bitcoin is a solution in the level of transactions and convenience without third parties.

The increase in criminal activities doesn't depend on Bitcoin, it has been used as a form of pay for criminals but it doesn't mean that BTC is the reason behind increase in crime, before Bitcoin there was crime, and after Bitcoin, criminals will find another way to run their activities, BTC therefore has very little to do with crime.

That’s a possibility. Anonymity and untraceable transactions are two of the many reason why the criminal types are attracted to cryptocurrency. Governments should start making policies that would deter these people from giving bitcoins a bad name.

I read somewhere that cryptocurrencies like Bitcoin, Monero, and Verge were being used in the Deep Web prior to 2016. I'm quite sure they're still being used there today so it's just safe to say with the non-regulation of crypto in general, criminals may have their hands with crypto and use them for malicious activities. I hope the whole world can regulate crypto but that will cause a chain reaction of more taxes and stricter measures with crypto.

Simply, many can lose interest without seeing a way out of the current situation in which the purse can calmly empty and even who and how is unknown. Therefore, cardinal methods are needed to close all delicate places for criminals.

There is no question when it comes to that topic. Obviously, money is the root of all evil in this world full of greedy people. And Bitcoin has an amount that is no joke, and bitcoin can be used in different criminality aspects such as drugs,etc.

That's true evil is always in the world and you said you are not agree bitcoin can increase crime in cyberspace, i think it's possible to be happen that bitcoin maybe the way of crime.

Actually is not that Bitcoin rise criminality rate just we humans always take illegal advantage of something most especially when it is not well known. I believe bitcoin has been used for so many criminal activity even up till now. Most people here that name bitcoin and love to know more about it the end up falling into wrong hands which will make them never to trust the community again and some people are also there advertising the sales of Bitcoin and they non or know nothing about cryptocurrency not to talk of the bitcoin itself.

Cash is also very convenient for criminals, but no one talks about it, everyone says that crypto currencies help criminals. This is inspired by the governments of different countries.

i think when cryptocurrencies has been used all around the world, surely it will be used by criminals, everything has its negative effects, but modern criminals nowadays are using more hidden ways to hide from governments control, that is why cryptocurrencies are becoming the effective method for criminals to use for illegal activities more and more.

Lately, every rumor and regulation made by a country always involves criminalization. the government always claims that crypto and bitcoin are money launderers and can be used by terrorists. but basically, all the patterns in life are always potentially crimes.

Crime in crypto ??

I think is look like impossible.
Because the crypto is run by itself like A.I in game.
So, if crime like hacker i think is impossible to do that.
But yeah i afraid to if my asset can be hack by hacker.
I hope blockchain always safe.

I agree that fiat money can also be used for illegal activity. Now the crime rate is growing not because Bitcoin appeared. Bitcoin is just a tool in the hands of people. This tool can be used for both good and evil. The growth of crime is not only a problem of the present time and generation. Humanity at all stages of its development has faced the unlawful actions of individual members of society. And always for offenses there were tools.

Most of them are targeting altcoins such as Monero and other privacy coins where these transactions cannot be traced. It is why government regulation is necessary to control and minimize anti-money laundering tactics. It is one way for us investors to be protected from fraud and scam attempts.

Just like in North Korea, they have hackers who stole lots of altcoins from the counterpart South Korea. I agree that even if it cannot be stopped, it can be regulated by the government as soon as possible.

Yes its possible because many criminal use not only bitcoin but some altcoin too, they used it to not trace by there doing illegal transaction. So that they do whatever they do because they will be not recognize or can hide there true identity and the rate of criminality is increasing.

If we try to look of some criminalities that bitcoin involves, it is something beyond the word speculations and without any reliable or proof of evidence. I heard a news about robbery groups robs a person who owns a business bitcoin exchanger, but it is likely a form of a fake news. Some people also says that bitcoin used for buying drugs, although it can be possible to happen but there is nothing to worry about that, because those kind of issues would not affects the total operations of cryptocurrency business.

I think the only few possibilities are hackers and thieves when it comes to your personal coins.

But for ICOs, for example, scams can be considered criminality as well.

In all any monetary aspects either crypto or fiat there's always or would entail burglar, scammers,  hackers swindlers and everything. Because people would always want easy money the only thing that we  can do is don't lower your  guard know all possible safety precautions before investing or making any transaction.

That's just absurdly when the people says that cryptocurrency leqads to the rising of crime. Doesn't that mafia guys doing crime stuff with fiats? Dont you think that nothing would change the situation?

Yes bitcoin can rise up the criminality state but not in that way. In the way that the people used the bitcoin to do bad in the environment or in one people. Like in the one site. Until now, the deepweb is still alive and we know that this site is moro on the illegal site that only used the bitcoin. And because of this, the bitcoin has a bad image.

Criminality rate is on the rise or otherwise due to many factors with or without bitcoin. Ethical issues might be a major concern in the minds of many, but from what one sees, it acts only as an excuse not a deterrent regarding investments.

BTC is just a tool and how you use it depends on yourself. If it were not BTC it could have been something else.
Yeah, it have raised the level of anonymity but again we can't ignore it's positive side.

Bitcoin can increase but they can be caught. Here is a details statement how criminal can get caught if they use Bitcoin for criminal activities http://www.sciencemag.org/news/2016/03/why-criminals-cant-hide-behind-bitcoin
Now think about other coin like PIBX, XMR, Komodo, Zcoin which is highly promised to stay anonymous.

that's strange that although all the bitcoin transactions are transparent people can easily use it to buy drugs, sell weapons to terrorists and all that stuff. They do it cause governments can't control it. But may be we need some non-governmental institution that will keep an eye on that kind of things.

Sure, just like anything else. Just like the old saying goes "Guns Don't Kill People. People Kill People."

just relax bitcoin is now preparing to start bitcoin price recovery and bitcoin prices will return to $ 20k again, we are just waiting for good news from bitcoin in order to help increase the bitcoin price.

I guess this statement is works backwards. In my opinion, the criminal rate can rise up BTC price. What do you think about this?

Wise criminals will use fiat than Bitcoin because even though bitcoin is anonymous, it is still traceable. Mafia knows it and they will not use it in illegal activities because there is a high probability that they might caught. Politician also hate Bitcoin because it is traceable if they use it in corruption.

not with bitcoin, maybe with monero or zcash as they are untracable and the blockchain is not public

Nothing can raise the criminality rate more than the dollar.

The same criminals would probably just use bitcoins in laundering the proceeds from their activities. Anonymity and untraceable transactions are two of the reasons why these people are attracted to cryptocurrency. Governments must ensure that no new category of (Crypto?) crime would emerge as a result from this new currency/technology.

Any rise in Bitcoin price is completely independent to rise in crimes. It is mostly affected by the rule of supply and demand together with large scale pump and dump groups. Bitcoin price affecting criminal rate is somewhat aggreable since more thieves will engage into crypto.

It may and can possibly do make a lot of people go crazy and do a lot of things for themselves for bitcoin. Even now, a lot of people is using bitcoin for fraud and stealing, that very thing is an evidence of how much it can happen in the future.

it depends on how bad people use this bitcoin for their own bad activity. and if they continue use this bitcoin for bad activity, governments will force to stop this and take an action for that, i am worried too by this increasing criminality that getting involve inside crypto. hoping that they had a plan to prevent this and wont get affected all the people who dont have any bad intention to use bitcoin or other crypto currency.

I find this argument meaningless. The fact that Bitcoin is still in use at the moment there is a big role of the criminal self-concealment effort. The crime rate has raised Bitcoin more than Bitcoin has increased the crime rate.

You want to say that criminals do not use dollars, or will the regulation of crypto-currencies reduce crime and money laundering ??? Bitcoin is a decentralized system, it was not created to regulate it.

I don't think Bitcoin would create or maximize the criminality rate that was happening in our society today. I think it's just the same with different classifications.
Criminalities in terms of financial cases are just normal but this time they're not targeting banks but instead crypto holders that aren't too careful on their private keys managements.
It's non different in terms of criminality rates but on the type of criminals way on getting money and this time they're getting virtual currencies and not cash money.

Everything is possible, as in the beginning to use bitcoin, and for good deeds!everything that as well as with Fiat,it can be used for good and bad things to do,all depends on the people themselves,eve those who are at the helm of power!!!So as from their decisions then all is happening

Bitcoin is not the reason criminality will ever raise or drop. People, I mean criminals will always find a way to get there

I think crime does not only happen with crypto currency because the crime can happen in any way it all depends on the individual human because all good with bad intention bad result too

There is always something that the criminals are using to enhance their criminality stats and rates. Bitcoin is just an asset to them. I think personally that they are more fond of Monero which is actually providing the full anonymity on the contrary to the Bitcoin.
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Just look at the dollars which are the leading in the money laundering from Iraq - America, and countries by the side. A dollar is still more widely used by the criminals then the Bitcoin but the media must provide the false information to the populations because the instructions they have gotten by the government are strict.

This is a topic of high thinking.There should be full security about it. We should be careful that nobody can get our password otherwise the criminality rate will be increased. We should make use of secured wallet.

Initially, perhaps the mafia and took some part in the capitalization of bitcoin, but by this logic can be said that the mafia is fully governed by the government or banks.            

People can buy drugs, weapons and other prohibited items with dollars. Also we can see all bitcoin transactions at blockchain. But we can not see all bought items with fiat.

Might be? because that is the advantage of the cryptocurrencies,to transact anonymously without getting caught by the federal government.XMR is the best coin to use when you are going to buy something illegal in the deepweb,cryptocurrencies are decentralized that i why these people in the government strongly disagree the use of cryptocurrencies.

well yes, bitcoin can rise up the criminality rate of a country because in cryptocurrencies. there is no way that you can track the transaction and if you do any transaction then there will be no history or record of the account to whom you have sent and this is the major reason that most of the countries are opposing bitcoin while considering this point.

There is no denying that bitcoin might actually be used even in the most illegal activity. People might use anonymously to make illegal transaction without any intervention of the government. One of its purpose why people actually using this is because of being decentralized. Bitcoin wont be bad if wont be use for something unacceptable. Its just like a normal fiat which can also be used for illegal activities.

Might because these criminals and cindicates are using cryptocurrencies as safe havens when they are doing transactions online,they are taking advantage the situation and the features of cryptocurrencies especially XMR or Monero which will give you a total anonimity with every transactions that you have,giving those bad people more opportunity not to get caught easily.

BTC/USD is back to our old consolidation zone. After 6 days in a row in red, we are having 2 green days. BIG short term resistance at 10,000. Overall Still Bullish. Never consolidate below 9,000 level

I can’t really understand that if there is any such relationship in between increase in the market value of the bitcoin and that of the increase in the crime rate as bitcoin has got nothing to do with the crime rate and that it can hardly increase or decrease the rate of crime. However, it can increase the cybercrime rate to a little value and that too by the ones who are busy in hacking or are doing frauds.

I think that it is almost impossible. Criminals have existed always as the different payments' systems. The criminal situation was never changed when another currency would appear. BTC has no connection with it.

It is necessary to understand that BTC is completely decentralized and no small groups can actively influence the price movement. Most people have invested in legal capital.

Of course not. We say on tv and write in various editions, but we must all believe in? Underworld perfectly handled and there is no crypto.