Why are cryptocurrencies sometimes bad and how do extremists use cryptocurrencies?

[Jessica Karren 1242]

Cryptocurrencies as a whole is not involved in bad and illegal activities, people use this technology in a wrong way. There should be laws and regulations to overcome these types of activities.

[Nezar 7169]

We can consider cryptocurrencies bad when they are used in illegal and illegal matters such as buying drugs and weapons and many bad things that lead to harm and for this reason many countries prevent and prohibit the use of cryptocurrencies

[Jimmy26 987]

In the cryptocurrency everytime the situations are changing and after a long time we are not facing crisis and even many times the situations in the market is going so bad everyone having losses but there is nothing to do just one thing you can do that is overcome your losses and make yourself prepare for the next investments because in the cryptoworld every time the loss and profit is going on you have to prepare yourself for every situation coming towards you then only you can survive in this cryptocurrency.

[magd 5231]

Everything in life has a dark side and the dark side of bitcoin is the ease of accessing support for these in addition to illegal actions, but it is not possible to blame cryptocurrencies because if they were not available, the support would have been communicated in other ways

[CryptoMaxim 3829]

The cryptocurrencies themselves are not bad. Simply because of their anonymity, they are used in illegal transactions. But Fiat is also used sometimes. I think that the introduction of KYC on most resources has reduced the number of such illegal transactions.

[Shaza Ahmad 1682]

Don't believe everyone who claims to have a charitable organization, many of them have bad intentions and use the money they receive from people according to their own political motivations, so be careful.

[George10 9932]

Cryptocurrency sometimes is bad because  it is to much exposed to fraud activities and scam that doesn't give it's users the piece of mind while dealing with it.

[Zues 1069]

On 4/25/2020 at 12:32 AM, Jimmy26 said:

In the cryptocurrency everytime the situations are changing and after a long time we are not facing crisis and even many times the situations in the market is going so bad everyone having losses but there is nothing to do just one thing you can do that is overcome your losses and make yourself prepare for the next investments because in the cryptoworld every time the loss and profit is going on you have to prepare yourself for every situation coming towards you then only you can survive in this cryptocurrency.

I think that cryptocurrency is sometimes bad because of the flow of money is bad and it is declining due to the happenings in the world but it is not always bad because just like now they have a good price and the price is in nine thousand which is great. 

[Treat1234 0]

They all thought that cryptocurrency will serve as a better measures for a good medium for terrorism, this has cause a high interest of terrorists to engage in it due to its anonymous, this has cause problem to cryptocurrency

[Omar Ommeish 4872]

Yes, they use it because it is not trackable, but I believe that if the amounts are large, the security agencies can put people in order to track these transactions to reveal the identity of the donors.

[Raqeebzy 6456]

I think we are just made to believe that extremists uses cryptocurrency to trade, I think it is the other way round, they made us believe that as an excuse to label cryptocurrency as not healthy. 

[Ms.o 3322]

There is no doubt that digital currencies provide benefits to individuals, and by this many are tempted to uses it for their own benefit that's why it is sometimes bad,there are people who take advantage on the ability of making money without being detected by government so they can easily use it on a dark market or crimes.

[kizz 3370]

I think its because it depends on where you will gonna use it, it will be bad if you will use it in a bad way but if you use it in a good way there is no problem with that.

[Irish 128]

On 1/14/2020 at 3:43 PM, Qasem111 said:

Bringing resources in cryptocurrencies helps evading the provisions of the global banking system to counter terrorist financing and money laundering.

When "Charity" organization that "conducts jihad support" wanted to improve the living conditions of militants in Syria in 2017, it resorted to a new method of financing, namely Bitcoin.

Its Telegram representatives wrote:

"Currently there is no shelter to protect food and ammunition from rain."

Twitter "Charity" has a video where it shows a dirty floor covered with blankets with bags of bread and grenades. The passage ends with the invitation: "Donate anonymously with the cryptocurrency" and the title of the Bitcoin wallet. So far the team has collected about a thousand dollars.

A while ago the collection of cryptocurrencies by jihadist groups caught the attention of the US authorities. In January, Representative Ted Bad introduced a bill to create a targeted section to combat the use of cryptocurrencies by terrorists. Finance Minister Stephen Mnuchin, while addressing the Senate Banking Committee, also said that his office was planning to conduct the appropriate investigation.

Meanwhile, cryptocurrencies are becoming increasingly popular among terrorist groups in the Middle East. Some time ago this month, Al-Haqiqa, the Al-Qaeda TV channel, included Tech Talk as they talked about Bitcoin's foundations on the broadcast network.

Terrorist groups and sympathetic people exploit the problems of legislation. Cryptocurrencies help to avoid the limits set by the global banking system for the purpose of combating terrorism and money laundering

Having an access in crypto world is bad sometimes because there are bad people who takes advantage to others just to earn money using their hacking or scamming techniques most especially here in crypto world which the victims and the criminals cannot be track each other.

[pablomarwan 3082]

The time has developed now so that suspicious business owners around the world have a refuge to hide and deal and I mean this dark site so here most of the work is held by digital currencies and it is known that you can not track unless you are an expert in this field
Digital currencies have pros and cons, but the latter is what made them unwanted in some countries and now they have a place in the fight against smuggling

[Moaz 7239]

In my opinion, cryptocurrencies are not bad but rather some people who use them in illegal business are bad , and that many terrorists use bitcoin to get money and this is what drives many countries to not confession Bitcoin formally

[nykas 2812]

Making Bitcoin Satoshi Nakamoto was thinking about people`s freedom and anonymity and sometimes crimes abuse it and use cryptocurrency to buy drugs, weapons or something else. There are always some crimes who will be using new  technology wrong way and I think it`s impossible to avoid such situation 

[Sarahden111 1231]

Cryptocurrencies formed a lot of benefit and ease for many people around the world and helped them collect money and improve their lives, but its bad uses are what made most governments fight them as they dispense with banks and the third party to complete transactions

[TimopheyKa 3900]

I think that this is the most common superstition, and many simply do not realize the situation, believe in this problem of the world, and have a negative attitude to the cryptocurrency, believing that it is very bad!

[Cryptomint 433]

They have many methods and don't think so that people have already planned for the future problems for there solutions...

[malik6314193 5449]

This is black and bad view of crypto currencies. Dark web also use bitcoin and other crypto currencies to finance system. I think that are reason which make huddle for accepting of bitcoin. 

[noshot 154]

I have heard a lot about this in the news. Some foreign friends and family of terrorists and other cells were funding using Bitcoin. But most were found and arrested as they didn't know that they could be located.

[yonkii 3205]

I think that this is discussed a lot and it was on the news that they are funded this way but I haven't read a lot lately, maybe these terrorists found it wasn't very good idea to use crypto and maybe they couldn't understand how to use them, as they aren't very clever anyway since they are brainwashed and don't understand that either.

[Brandonsaw 1973]

Cryptocurrencies are not bad, only that people do not know how to use them well and lose their investment, so you must analyze deeply in what you are going to invest your cryptocurrencies because you analyze badly because of course you will have many losses.

[matias estigarribia 1605]

In all areas there are bad businesses and in cryptocurrencies I do not know the exception. It is in one to know how to identify the good opportunities and take advantage of that advantage that the market offers us.