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

[lamthanh3462342]

It can not be confirmed by speculators manipulating the crypto market today. The rumors spread, leading people to come to the conclusion too early to cause confusion but ignore the main event. Agreed that bitcoin cybercriminals are down but we still have to protect our wallets carefully. The market is on the decline, investors like me look at the market next month can not change much. In transactions it is difficult to predict what is the crime of anonymity. Most of the btc community is supposed to be manipulated by speculators and criminals but I think there is some power, hopefully soon to be found.

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[merchantofzeny]

I think I saw some articles stating the same and saying that the FBI actually prefer that criminals continue using bitcoins. After all they know enough to be able to track transactions. No wonder some people are speculating some US agency was behind bitcoins, though that seems a bit unlikely, at least to me.

[liennhung345323]

I totally agree with your opinion. The Bitcoin community has been largely manipulated by speculators. But this situation will soon be solved by true investors wanting a green market. The cybercriminals are down, but we do not neglect the management of our assets.

[Sutters Mill]

I imagine this is the same with most technologies as they become more popular. They say that criminals are always the first people to adopt technology as they see the potential in things and it was the case for swords, guns, cars, computers, the internet, mobile phones and so on. Eventually technology catches on with the general public but of course this takes time. Not every body had a mobile phone or computer overnight and initially they were only really available to the rich or business men but now pretty much everyone has one now. Bitcoin could be the same, just give it time and keep spreading the word and at least you can be one of those to say you were one of the early investors and saw the potential when nobody else did.

[blackrain321]

Bitcoin are made by blockchain technology that's why it is more secure and reliable. It is more useful and useable. it can proved that bitcoin crime now decreased. our awareness can totally reduce this crime.

[bitcoindiary]

In my opinion you are right. bitcoin network are made by blockchain technology that's why it is more secure. I think now bitcoin are reduce a lot of criminal and make a secure field for investment. it is now more reliable.

[ololajulo]

News are coming out daily that should improve the trade volume of bitcoin and the rest but people look indifferent. Not all those news are always true. Improved security is expected after some years of existence and such news are good for the approval by the SEC. security is very important for considerations that they dont seem to point it out often and we all know internet cant be perfectly safe but can be regularly fortified

[blackwell77]

Bitcoin is made with advanced blockchain technology. So I think it's the most secure and reliable.In my opinion the number of crime has decreased from earlier. But we can reduce this crime further if we all become aware.

[coinages]

bitcoin network are more secure and strong. it is made by advance blockchain technology thats why its reduce a lot of criminal. It will help us make more profit. in my opinion it is more reliable than before.

[CAPTEZECC]

The statistics is very true, bitcoin was not made to carry out criminal activities but the criminals took advantage of it but as the day goes by people are seeing the better side of bitcoin and they are joining with more awareness the community will be enlarged with people of integrity.

[TomJ.Lawson]

yes you are right. bitcoin now goes to another level. in recent years you might bitcoin will dominate the whole world currency. and this bitcoin are dominated by the speculators not by the criminals.

[BitHodler]

Not every body had a mobile phone or computer overnight and initially they were only really available to the rich or business men but
now pretty much everyone has one now.

Right. I remember how people around me didn't see any value in mobile phones, while currently mobile phones are pretty much dominating the world and most people can't live without them anymore.

The only problem with crypto is that every coin or token in this industry isn't capable of handling mass use. Being decentralized means that you have to sacrifice scalability and that will definitely break most of the projects.

We haven't yet seen the power of second layer technologies, but this is basically the only hope for crypto to really become a mainstream vehicle since on-chain scaling isn't long term viable.

[Camster]

We probably would have been better off with the criminals.  The speculators are going to pick this thing to the bone and make a mockery of things.  Will be very interesting to be part of though. 

[pooya87]

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?

the  dates mentioned here are quite wrong.
the early days there were no criminal activity. then in a couple of years it increased with things such as SilkRoad and the dark market and the fact that people thought bitcoin is anonymous. but even then at the peak there wasn't more illegal activity than legal activity ever. then as SilkRoad was closed and as people found out bitcoin has never been anonymous the illegal activities dropped down significantly. this is years ago!

[TheClownSong]

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/

With big profits opportunity we can earn on crypto market, most peoples want to speculate their crypto and make trade on market. Its new market and not many peoples understand about crypto market.
Criminal activity that always happen in crypto community right now is hacking on others peoples wallet and i think peoples wont use bitcoin for illegal activity, they use it for investment right now

[pawanjain]

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/

The news is true. The dominance of BTC has completely changed from criminal activities to trading/speculating . Although the numbers might not be so accurate and might even be wrong but the change of dominance part is true. BTC was being used on the dark web to purchase guns and drugs and other illegal activities on the Silk Road but things have changed now. Also the number of investors in cryptocurrencies have increased a lot now. I can imagine how global crypto is gonna go in the next few years.

[iv4n]

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/

The news is true. The dominance of BTC has completely changed from criminal activities to trading/speculating . Although the numbers might not be so accurate and might even be wrong but the change of dominance part is true. BTC was being used on the dark web to purchase guns and drugs and other illegal activities on the Silk Road but things have changed now. Also the number of investors in cryptocurrencies have increased a lot now. I can imagine how global crypto is gonna go in the next few years.

Most of you don`t remember bitmixer.io, and last words from them when they closed their service. You can check it https://bitcointalk.org/index.php?topic=2042470.msg20331854#msg20331854, blockchain is a great open book that says a lot about current situation and this topic. But where are those criminals who used bitcoin for illegal activities, now they probably use some other coin for their transactions. But ok, from criminals to speculators, I must wonder what is the next thing? Where we are heading? Is there anyone here with some good answer what is the next step for bitcoin?

[DooMAD]

It might give more favourable headlines, but is it really better?

I personally think so. I'm sure some speculators trade often too, and there's always a possibility of them seeing the merits of Bitcoin as a currency. It's anecdotal, but I know people who simply wanted to invest but was sucked in by the potential of the technology. It's not a bad idea to put crypto in the hands of people because you never know who might stick around.

I'd say not being associated with drugs is also a good thing, because it removes one potential reason for a government clamp down and it helps alleviate the stigma. Favorable headlines are inherently good for any subject too, especially for something that aims to be adopted by the general public.

Those are fair points.  My concern is that I'd rather not see a point in time where people generally view rampant, mindless and morally ambiguous speculation as the primary purpose of Bitcoin.  Enough people already view it that manner (which, incidentally, also generates negative headlines about "bubbles", "tulips" and such).  If we really want to see a positive economic change with this stuff, we can't just be recreating a world of investments and derivatives, like all the current fuss about ETFs and futures is leading towards.  I don't personally see that as a good direction.  Ideally, Bitcoin shouldn't solely be yet another financial instrument for asset managers and traders to gamble with.  That's just more of the same behaviour that led to the global financial crisis in the first place.

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.

Hollow greed only gets us so far before it starts to become a problem.  People really need to stop treating Bitcoin like a get-rich-quick scheme.  It's ultimately harmful to public perception.  Do we want people to take an interest in genuine financial freedom because that would be of benefit to them in this precarious global economy?  Or do we want them to perceive this as some sort of plaything for the financial elites which won't resonate with them in the slightest because it's just more of the same?  

[Aleshia696]

I think we cannot surely say what controls bitcoin community. But as my assumption, most of the people in the BTC community is here for a good reason and good aims to gain from here legally with the legitimate work plan. Though, there are many who are using BTC's freedom in a bad way.

[alinalovedoogie]

There are many technical team which maintain their anonymity and dominating BTC community. But it’s not easy to define who they are`