Post
Topic
Board Bitcoin Discussion
Re: Crime funded by bitcoin
by
Omega Weapon
on 21/06/2017, 02:31:54 UTC
Crime can be funded with anything: from cash,gold,silver to bitcoin. So all these methods can be hardly traced,not only bitcoin. I don't see any major reason why bitcoin price would decrease if it is used in crimes. Most surely us dollars are used in crimes daily and the price doesn't fall right?  Roll Eyes
You are right, There is no sense when we said that bitcoin price would decrease because if it is used in crimes. Because peoples can use dollars or any real or digital currency for this things.
Maybe bitcoin is most used for crimes, because it's more secure and anonymous. It used in darknet too. So killers would sure want to use it than other any currencies.
It is very difficult to know the amount of money some criminals move in bitcoin, but I suppose that back in the day when bitcoin was just starting the percentage of most of the trading taking place  was mostly illegal transactions but as bitcoin has become known for more people then the percentage of these transactions has diminished because there is more people doing legal trades in bitcoin.