Bitcoin for black market

[ad1123 28]

The truth is that if it is used very often in the black market and in the dark network to buy things that do not come in a "legal" way, but it does not mean that bitcoin is illegal or anything like that, it is just the use that many scrupulous people give the currency and make many others distrust it.

[satella17 65]

On 12/6/2019 at 7:00 PM, josephrioveros123 said:

I have been trading bitcoin and collecting bitcoin for some couple of months now. And I introduce it to a friend. And rejected it because he says that it is use for black market. Is it true that bitcoin is often use for black markets? Why is it always use in black market. 

What happens is that bitcoin was created for that type of market, only that we use it for things that have nothing to do with it

[Cryptomint 433]

Every thing has two effects like one is the good and the second is the bad effect. Most of the people use bitcoin for good purpose but some use illegally..

[Russel 017 506]

It is a matter of great regret that nowadays everything are used in black market. We do not want to see bitcoin in this site.We should use bitcoin in the perfect place.

[percare 3192]

It is a mistake many people do to think that Bitcoin is only to be used in black markets or illegal markets. This happened a lot earlier when people thought it was anonymous and that using Bitcoin will help them buy drugs online but the transactions are found and Bitcoin had stopped being used too often in the black markets. In fact it is not wanted too much by these markets nowadays.

[bogdanoff 3173]

Bitcoin has a very low use in the black markets. I know about the markets of the dark web but not anything else. It has acceptance in some of them but not many are using it. Someone saying something like that he is misinformed and should be educated better. The answer should be to explain that bellow 1% is used for this and it is not be seeing as a threat for use by criminals.

[Kafon 0]

In fact, bitcoin and some alternative currencies are used which give great secrecy during transactions, and the sender and recipient cannot be known on the deep web sites. But the disadvantage is not in digital currencies, because the privacy and decentralization feature that we use in our daily life is a good feature and everyone is free to use it.

[khan22 3478]

On 12/7/2019 at 6:00 AM, josephrioveros123 said:

I have been trading bitcoin and collecting bitcoin for some couple of months now. And I introduce it to a friend. And rejected it because he says that it is use for black market. Is it true that bitcoin is often use for black markets? Why is it always use in black market. 

Bitcoin is a business and like the BTC the fiat money is also used for the black market becasue peoples can buy the guns and drugs through the fiat money and this is not good that peoples blame just the Bitcoin or also other coins.

[Irungu 4299]

Its not a lie , it has really affected that market and more and more people are getting the right thing right now they are getting a lot of things from the black market there are so many things happening right now and its the best thing that happens to us right now its happening right now it is possible there is a lot of work to put together everything in the right stations in the right position that we have today that is we need to curate the right position to it

[cryptovlek 2597]

On 12/7/2019 at 3:00 AM, josephrioveros123 said:

Is it true that bitcoin is often use for black markets? Why is it always use in black market. 

It is used less often than the dollar or other ways that can be used. Also a black market while it is illegal it can be anything and not just about drugs or other illegal items. Black markets can be about forex too in some countries. A black market appears when an asset or good is given at a fixed valuation from the government that is not correct and not according to the laws of supply and demand.

[Mella 3680]

This was shocking. Imagine this to be an excuse, I am mean this is not what we are expect to hear. This is bad information this man has from some media that are intentional to make a bad impression on Bitcoin. The bad people are those that lie to others and do not protect but make them stay poor as there is not even the lowest of the dollar that criminals use with Bitcoin. Why use dollar then or other currency? They are used by criminal too.

[Zeshan Khalid 2577]

Any type of currency can be used in black market. So Bitcoin can also be used because of it being decentralized and it transactions being anonymous. but it's not designed for black market that's why it is completely fair to trade in Bitcoin.

[RonaldB 48]

What your friend told you is correct, as Bitcoin is used by some people to buy and sell illegal things on the black market, but it is not the fault of Bitcoin, but rather the greed of people who exploit it in the wrong place.

[Jaafar Fahad Hassan 114]

I don't think it only Bitcoin that transaction on black market , anything related to money has to do with black market, so it a normal thing , and mind you Bitcoin is not for black market ,or is it for black market @Mubiflow ?

[kryptonick 2659]

On 12/10/2019 at 2:29 AM, Benjamin said:

no one can see your transaction to each other.

Not exactly. This is a common mistake many do when finding Bitcoin for the first time. It is not anonymous and it is a terrible mistake to make if you think that nobody will find you. Bitcoin is pseudo anonymous, it creates an illusion of anonymity but with research and blockchain analysis, and with the help of data coming from exchanges as well as ips recorded federal agents have reached to many arrests.

[Mubiflow 1771]

5 hours ago, Jaafar Fahad Hassan said:

I don't think it only Bitcoin that transaction on black market , anything related to money has to do with black market, so it a normal thing , and mind you Bitcoin is not for black market ,or is it for black market @Mubiflow ?

 Yes @Jaafar Fahad Hassan when we talk about or deals with exchange market their will always be black marketers whose sole aim is to inflate the price and make twice of the actual price these people are the one that causes inflation in a particular commodities that's why we have to trade from a good sites like yobit

[Braulio Eurea 720]

Bitcoin and cryptocurrencies in general can be used to do business on the black market, the lack of control by governments makes these issues of money laundering or other harmful practices occur very easily. Anyway, these black market actions are also carried out and much more with the physical money issued by the central banks.

[MalikAdnan 1662]

Yes i think bitcoin used as black market. Those people used that used it or work in the black  market. But i think people used it own self but bitcoin never allow to use it in the black market.

[Jaafar Fahad Hassan 114]

14 hours ago, Mubiflow said:

 Yes @Jaafar Fahad Hassan when we talk about or deals with exchange market their will always be black marketers whose sole aim is to inflate the price and make twice of the actual price these people are the one that causes inflation in a particular commodities that's why we have to trade from a good sites like yobit

Yes mate, that's true, instead of trying to patronize any black market exchange site that can put our money or cryptocurrency in to risk ,it best we use reliable exchange site like yobit in doing our transaction. Since joining cryptotalk,the only exchange site I often use is the yobit 

[Mansoor sumaan 29 0]

Bro there is two sides of every kind as you can say that there is one brighter side and one is dark side. It's up to you to which one you choose that you choose brighter side or a darker side. there are two aspects of using the Bitcoin Bitcoin is most preferable on the dark web but you can also use the Bitcoin for trading and investment on other websites. Reality is that Bitcoin is most preferable trustable and reliable currency in the world. It is very good to have Bitcoin but it is illegal in many countries so you have to keep it secret.

[Michaelx018 0]

you could say to that friend that whenever there is something which is related to money there will always be something shady which happens with it. Yes cryptocurrency is used for storing black money and money laundering because there can not be any traces of it left, But it also happens in the normal money system also.

[godislovefll 1880]

El 6/12/2019 a las 21:00, josephrioveros123 dijo:

He estado intercambiando bitcoins y recolectando bitcoins desde hace un par de meses. Y se lo presento a un amigo. Y lo rechazó porque dice que se usa para el mercado negro. ¿Es cierto que Bitcoin se utiliza a menudo para los mercados negros? ¿Por qué siempre se usa en el mercado negro? 

They are things that cannot be verified, but there will always be news even of tangible money where it is also used for the black market, I do not understand why to think that BTC or can be used, but in my opinion this is something normal and inevitable and every person has his way of seeing things.

Edited December 1, 2020 by godislovefll
spelling errors

[Kafon 0]

Let's make it simple in our interpretation of this information, he really uses bitcoin and some alternative currencies that provide great privacy in deep internet transactions. But we cannot give a negative evaluation of Bitcoin because it is decentralized and it gives us great protection while we are doing any sending or receiving operations.

[VijithaVarghese 1994]

I think people should learn to use bitcoin in a positive way. Because illegal ways can lead to the fact that the coins can actually lead the government to not approve it like fiat money. It's completely on the users.

[Teminali69 1081]

15 hours ago, katri2 said:

They really influenced the market and they're getting a lot from the black market right now and this is the best thing that's happening to us right now. 

The black market is not so good for humanity even thought it is good for developing the use of cryptocurrency.