The Bitcoin Community Is Now Dominated by Speculators Not Criminals!!

[jzale]

Bitcoin have already reached popularity that's why the ratio of good and bad utilization of Bitcoin has switched to the good latter. In the past Bitcoin is swarmed with illegal activities thus giving the bad view for those who aren't into crypto yet. The criminal activities is fueled by decentralization which is the main feature of Bitcoin. Now that the Government is having an eye and is making their move to regulate Bitcoin, that must be the reason why criminal minds have turned their back.

[annasadia]

Bitcoin is fluctuated and it’s market recently down. And many analyst draw many separate reason for this current market situation. But there are many anonymous technical team used to dominating this community.

[Upopety]

Yes this is absolutely true as per the recent condition of the bitcoin. Bitcoin community has different types of expert members as well as expert and experienced investors. In future the community will be more disciplined.

[krauzzer02]

Bitcoin is not really anonymous at this point you can clearly track all those transactions as its blockchain is transparent that everyone can see it they would probably using some anonymous coins like monero and other altcoins that can cover their tracks to hide their deals well some of them still using this coin to receive payments but their number decreased due to some alternatives.

[dennisch123]

Price manipulation, wash trading, and so on are crimes.

[onaiwusun]

the idea that bitcoin is a tool employed by criminals, terrorist, drug lords is a tool by media to discredit  the use of bitcoins, society is getting to know better

[Marlo Stanfield]

It can be really alarming because criminal activities can be stopped using law enforcements or other techniques but you cannot really do anything about speculators who are here for their own profit by making others face a loss. I hope a new trend will help this number of speculators to minimize as soon as possible.

Minimize speculators and your taking out a large, if not the largest, part of the demand that props up the price of BTC. Not to mention proving the volume and liquidity that's needed for a healthy market.

[Oliveir]

It should be speculators that dominate the community not the criminals, some criminals are doing other crime when they have known that Bitcoin is down for how many months, make a report also about a suspicious individual with unnatural behaviour making a fishy transaction with you.

[MainIbem]

I don't think the criminal elements have been eliminated in the network. It could be that the ratio of new entrants who are speculators out number the criminals.

[cdcjk]

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/

I have already heard many all skilled and experienced guys here talking about that cryptocurrency price right now is totally manipulated and so it means that basically it is not a healthy thing to endure that hard times.

[jseverson]

Obviously we shouldn't try to curtail that behaviour, because they're free to do that if they want.  But at the same time, we shouldn't lose sight of the goal of ordinary people having access to a secure, incorruptible and open alternative to fiat.  We should do as much as we can to encourage things that lead to people being able to buy and sell actual goods and services with their bitcoins.  That's what a proper economy should look like.  There should be some productivity involved somewhere.  Speculation alone doesn't meet that criteria.  Detractors like Warren Buffett argue that "Bitcoin doesn't produce anything" and we're sadly going to prove them correct if we don't find a way past this purely speculative mindset. 

I completely agree. Bitcoin is a currency and should primarily be used as such in my opinion. I don't think speculators are harmful though, because it's not like they kill its utility. They're free to do what they want, as you say, and we're free to do what we want. We can promote Bitcoin as a currency while they use it to speculate. Some use it both ways and that's perfectly fine too. They're not mutually exclusive.

I just think that Bitcoin is currently better known as an investment/store of value because it can fulfill that role better than its currency role. Once scalability and other features that improve its utility catch up, I'm sure more people will start taking it seriously no matter what its reputation may be. Meanwhile, I just think it's best to get it on the hands of as many people as possible.

Speculation shouldn't be too much of a problem unless it's taken too far, which is where we get these Bitcoin is a get rich quick scheme viewpoints. That's just my two satoshis, at least.

[Kakmakr]

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.

Yes, but where does those currencies end up after they used those Alt coins? How many merchants do you know that accepts Monero or Dash or ZCash? In many instances those mentioned currencies are used, because they have better anonymity, but eventually it ends up being converted back to BTC to enable these criminals to spend it.

We want to ignore that, but it is true.  

[coinwizard_]

Criminals leaving the bitcoin market could be one of the reasons for the slump in price. All this regulation might be pushing them to regular money laundering tactics instead.

[merchantofzeny]

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.

Yes, but where does those currencies end up after they used those Alt coins? How many merchants do you know that accepts Monero or Dash or ZCash? In many instances those mentioned currencies are used, because they have better anonymity, but eventually it ends up being converted back to BTC to enable these criminals to spend it.

We want to ignore that, but it is true.  

Guess that's where mixing services come in, right? 

The criminals could have simply moved all their money out to more secure cryptos and keep and transact there and just convert to btc when they need the money back in fiat. That could skew the numbers since these would be new money coming in.

[btcjocan]

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.

Yes, but where does those currencies end up after they used those Alt coins? How many merchants do you know that accepts Monero or Dash or ZCash? In many instances those mentioned currencies are used, because they have better anonymity, but eventually it ends up being converted back to BTC to enable these criminals to spend it.

We want to ignore that, but it is true.  

Guess that's where mixing services come in, right? 

The criminals could have simply moved all their money out to more secure cryptos and keep and transact there and just convert to btc when they need the money back in fiat. That could skew the numbers since these would be new money coming in.

I don't get it completely. Do you mean that speculators are the new criminals? Who tend to hoard crypto currencies and in exchange to fiat? Anyway, there must be suggested solutions for that to prevent from skewing money coming in the market. But, then how could this be prevented by the way? Hope this will be worked on and track the criminals.

[maianh09]

The offenders only use it as a way to settle illegal transactions away from the law through anonymity. Speculators are the people who own a lot of Bitcoin, and they can use the significant resources to influence the market negatively or positively if they want.

[perova93]

with each different countries come up with new laws - controlling and regulating the crypto industry! Today, there are fewer and fewer Mossics, the biggest moshchenki left only in new projects! new projects - the mosses are trying to raise money and disappear!

[0t3p0t]

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/

Speculators are the players of the Bitcoin market and to be honest I, you or we all here did it because we believe in the idea of Bitcoin itself. Transparency of Bitcoin won't attract the eyes of criminals because they need crypto's that are having anonymous transactions like Monero. Criminals don't like to play speculations because all they are doing is to evade law and transact privately for their illegal activities.

[isllander]

I think any new one is going through a difficult path. A lot of time must pass before the government starts to really promote the legality of the crypto currency.

[Harlot]

That is the affect of being recognized by law, knowing that the US government have already acknowledged the presence of exchanges in the US their is no doubt the the common market will be more in trading rather than the use in illegal activities. Although I don't think that is the only factor as they probably is using other cryptocurrencies in their methods to do crime, also the news only covered BTC which is supporting what I think that they have move on to another cryptocurrency, and what others have said earlys Monero, Dash, Ripple, and Zcash are one of the most preferred cryptocurrencies for anonymity.