Bitcoin Are Now Used in Crimes

[Crypington]

The question we should be asking is how much has criminal adobtion added to the price, and how much would the price fall on if governments were to get a handle on it.

[eann014]

Yes, nowadays it’s being used in crime, they buy and sell online and pay by bitcoin. Because it’s untraceable. So police can’t get clue to caught them. I think it’s dangerous.

Bitcoin is not entirely untraceable. Imagine your transaction history as an anonymous online profile. If you post enough personal information in the profile, it can still be tracked back to you even if it is anonymous. It's the same with tracking a chain of bitcoin transactions.

That's true, there's a history in our wallet so if they use their bitcoin in illegal it will still tracked where do you use it. But if you just converted your bitcoin into fiat then use it in illegal then that's the time that it can't tracked by our wallet. Bitcoin wallet has a personal information that we can still identify the person who uses it. Unless they use other identity.

[bubblebit]

Any currency that is available in this world is and have been used indirectly or directly by criminal syndicates or individuals. Those news, articles and commentators that are against cryptocurrency are organised to point this issue to bitcoin for it is self interest on they’re investments or being manipulated by companies for black propaganda.

This won’t never affect the price of bitcoin and the trust of investors will not lessen as they or we all know what they really after. This insecurity is a manifestation that they’re been affected by the popularity of bitcoin.

Don’t listen to what they said, after all they really don’t care about our money they cared the most on they’re profits.

[n0ne]

Any currency that is available in this world is and have been used indirectly or directly by criminal syndicates or individuals. Those news, articles and commentators that are against cryptocurrency are organised to point this issue to bitcoin for it is self interest on they’re investments or being manipulated by companies for black propaganda.

This won’t never affect the price of bitcoin and the trust of investors will not lessen as they or we all know what they really after. This insecurity is a manifestation that they’re been affected by the popularity of bitcoin.

Don’t listen to what they said, after all they really don’t care about our money they cared the most on they’re profits.

That's the true fact, each and every currency available around the globe has been used for crime through some form. This can happen directly or through some other means. Bitcoin too is not an exception due to the unique features it has got, now the usage of bitcoin into illegals and crimes have decreased a lot than the past days.

[SchultzDwayne]

While it's true that every currency or valuable asset can instigate criminals, it's also true that cryptocurrencies currently have a 'wild west' feel to them with the decentralization, lack of regulation and lots of scams and potential gains available. That said, it will be fine.

[bitcoinvestor]

Bitcoins have always been used for crimes. You can look back and see for yourself ie. Silkroad. I doubt that's going to change anytime soon, but that shouldn't be a reason for people not to accept Bitcoins. I see people who make this argument all the time. You can make the same argument that USD has been used for crimes, but that doesn't stop people from not using it.

Crimes are now being smart in many ways. Because this is one issue why some government are having doubts on adopting bitcoin. In a way we all are making illegal transaction because bitcoin is virtual. And if the government can't control it, they will just acknowledge it as illegal. Bitcoin is becoming a multi-million dollar investments and there are more internet protocols to be followed than before.

Why bitcoin accused as criminal friendly, ? because most govt don't want to cooperate with bitcoin developers. They accuse bitcoin developers as the dangerous developers. Do you know that FBI can arrest silkroad operator because of bitcoin? by tracking transactio of silkroad operator finally Ross Ulbright cought. http://www.sciencemag.org/news/2016/03/why-criminals-cant-hide-behind-bitcoin

[mrcash02]

There aren't only virtual crimes related to Bitcoin, but physical too. I have seen stories of people selling "Physical Bitcoins", like those BTC coins we see on many online pictures. Thieves say these coins have physical price and that are real Bitcoins...

And that is just the beginning, Bitcoin will be used even more as tool by thieves to steal others.

[Golftech]

There aren't only virtual crimes related to Bitcoin, but physical too. I have seen stories of people selling "Physical Bitcoins", like those BTC coins we see on many online pictures. Thieves say these coins have physical price and that are real Bitcoins...

And that is just the beginning, Bitcoin will be used even more as tool by thieves to steal others.

expect those things to happen because criminals dont have any exemptions if bitcoin succeed then most of them will divert their attention to bitcoin
as well, better to think for positive side and don't let your self being affected of something that won't help the growth of your knowledge about this
investment currency just be positive as always.

[Ayush rana]

Well because bitcoin is a virtual currency and non traceable. People buy and sell their illegal products by bitcoin but even other currencies are used in such illegal activities. This make no sense that we should point out bitcoin for that.

[xandrie]

I thought its already used its just like to pay a kidnapper for a ransome and to pay a drugs sellers or whoever people do bad things or criminal way to other humans i wish no one can be used it to a bad crimes. I'm so worried about talking criminal cases.

[bornforfreedom]

It was and still is used for crime. That's the main perception of bitcoin too. There will be regulation that has to be done to make it widespread and fully legal.

[Rajamuda]

This sounds very disappointing to me..
That's it, there are still some people who using bitcoin in crime (disgraceful behavior) in this world. Well this is what makes the good name of bitcoin to be tarnished and the government can be ban to using of bitcoin due to many actions like this.

[RayvenPierre]

Whether we like it or not, yes, bitcoon can be used to a crime. It can be used to pay for illegal activities or as a ransom money without being detected that it is. It will be hard to trace because it can't be used like marked money and you can transfer it to different wallets.

[cakra]

Not only bitcoin but all the valuable things are always used in crimes as a weapon. Earlier days people used to get robbed for gold, silver valuable articles etc. Now they got cheated by fake currencies, cheques or get robbed while doing online trading. Current rate of 1 bitcoin is Rs.3,12,788/-  no cuerrency have this much value so its obvious that all illegal activists get attracted. They can sell or buy things online & pay by Bitcoins because they are not traceable. They can ask money of ransom in the form of bitcoins. We cannot stop them.

you are right, actually not the fault of bitcoin, but people who use it for crime. bitcoin has the best chance for it because it is anonymous so it is very difficult to trace.

[mevmike]

it is not new that bitcoin is being used in crimes
bitcoin has already been used before in illegal trades.
there were rumors that bitcoin reached this popularity because of illegal trading.
and i believe its true, it is indeed use in the deep web before for the purchase of drugs, weapons, human trafficking etc.
and we cannot stop this from happening.
it is one of the disadvantages of a trace and decentralized system of payment.

[tengek37]

Unlike other currency transactions that can be traced from where and where the funds flow so that when the money is used for criminal actions it will be easily tracked. Different from bitcoins that are anonymous so that the bitcoin is unknown and to whom the bitcoin is sent.

[blocklancer8]

in every goodness we receive from bitcoin it does take a lot of stages to be successful. But on the other hand there are also who want extra fast get big results and let alone be used to do evil. What we need to do yes should keep a careful effort in this bitcoin.

[subSTRATA]

Yes, nowadays it’s being used in crime, they buy and sell online and pay by bitcoin. Because it’s untraceable. So police can’t get clue to caught them. I think it’s dangerous.

nowadays? bitcoin has been used for illegal purchases for years now, the first known major case being the silk road, followed by other deep web marketplaces. it still sees use in criminal trades to this day, in an even more widespread fashion now more than ever. and as for saying bitcoin is anonymous, that's a step off from the truth. bitcoin is only pseudoanonymous, as long as you can connect an address to an identity / a person, you can reasonably link all purchases from that address, and possibly the other addresses of the wallet that the address belongs to, to a single person. additionally, with knowledge on which transactions were used for what specific purposes, you can determine if that individual or group has used bitcoin for a transaction for illegal goods or services. it's just gathering that information that allows bitcoin to remain somewhat anonymous. however, people have had addresses linked to their real life identities before, and have been arrested for their involvement in illegal activities related to bitcoin.

[malikusama]

Everything in this world have pros and cons, this one is the biggest disadvantage of bitcoin that it is being used by criminals to do illegal activities like money laundering and trade of illegal stuffs. A big hurdle for government is to restrict these criminals and arrest them because transactions are anonymous and it is difficult to locate the criminals from it. BTW after regulation of bitcoin and taking additional measures it is expected that these things can be controlled in future.

[Palider]

Yes, nowadays it’s being used in crime, they buy and sell online and pay by bitcoin. Because it’s untraceable. So police can’t get clue to caught them. I think it’s dangerous.

It would be the biggest problem of bitcoin because lot of criminals will make a way to scam other people with the use of bitcoin. Buy and selling drugs is more problem because bitcoin is unttaceable.