Quote from: pinkflower on June 19, 2017, 12:51:02 PM

Quote from: ktabb on June 19, 2017, 01:13:42 AM

Quote from: mzforfree on June 18, 2017, 11:26:01 PM

what % of entire market of btc is black market compared to % of fiat market vs black

sounds if confusing but trying to do graphical analysis of different variables and their effect on market prices

I don't think this question makes a lot of sense, can you clarify what you mean? Do you mean what percentage of bitcoin transactions are used to make illegal "black market" purchases? If so, the answer is probably very low. The vast majority of transactions are probably done by people just trading bitcoin and/or alt coins.

If the black market includes the darknet then its the majority of all BTC transactions, excluding trading. No one really uses BTC for buying regular store items like coffee. It would be a waste of the currency.

Disagree. Many people use bitcoin for buying ordinary things like coffee and pizza actually. If there are no places that accept bitcoin directly at your place, it doesn't mean the situation is the same everywhere.
I suppose the percentage is shared like this: 50% of HODL bitcoins with expectation of 10k$ price for this currency or something like that; 25% black market (drugs and weapons); 25% daily things.