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

[hadveach]

yes, I agree with you, today criminals prefer to do real robbery rather than hacking the system.

speculators work harder to spread trust and eliminate panic from some people who panic. especially for beginners when bearish.

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[gamechangers]

There are still a very good numbers of criminals in the cryptocurrency space. I guess that they have probably moved to a more anonymous cryptocurrencies in order to conceal their activities because there has been so much focus on bitcoin recently. We will get to hear more as time goes on.

[joshy23]

yes, I agree with you, today criminals prefer to do real robbery rather than hacking the system.

speculators work harder to spread trust and eliminate panic from some people who panic. especially for beginners when bearish.

Speculators helps people to hold on and show some good news to stay positive, when the sudden pumped happen last year a lots of scammers shows up and intentionally scam investors with fakes projects and also hackers are very active creating phishing site to hacked wallets, but now that the value falls
really deep more speculators stand strong and provide some good news to pampered those who got trapped with the quick dumped which happen around the market, they are still positive that things will bounce back much higher.

[tanxpresisit514]

Because BTC has huge benefits, there will be so many speculators!
Everything in the world will be like this. If there are interests, there are many speculators who risk the crime to commit speculation!

There is a false assumption that bitcoin users are dominated by criminals, whereas in reality bitcoin is controlled by speculators who move huge amounts of money to make a profit. Criminals who master the technology of using bitcoin are still few in number and for them it is better to use fiat money, because it can be used immediately.

[MuffinMaster]

Unfortunately, the number of scams on the cryptocurrency market is still very high. I think that the statistics look better only because during the last bubble the number of cryptocurrency users increased significantly.

[BTMBitcoinVN]

Next part is to make it dominated by people who use it to purchase goods and services

[thankyoulord]

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

[eaLiTy]

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

The fact is you really cannot complain anyone here, the market is volatile and since it is the beginning phase as more people are coming into it for all the wrong reasons looking at the price movements in a short period of time, they will make money in those market rather than considering it just as a medium of transaction, take a look at the forex market, the movement is minimal but it is trillion dollar market, so everyone wants to make use of the market and since bitcoin has a higher potential for the price to increase people are undermining its value as a medium of transaction thinking about making a profit at a later time.

[miropp]

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.

[Jating]

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.

[minasantos]

Yes, there are many new speculators in the current community, which may be beneficial to the industry. The community is constantly developing and expanding.

[pawanjain]

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.

[meanwords]

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.

[pinoyden]

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  .

[cizatext]

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.

[talkbitcoin]

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.

[veleten]

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

[freebutcaged]

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.

[gabmen]

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.

[muratsink]

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.