Being a Bitcoin user for more than a decade, my only question here is this - if Bitcoin is tailor made for the criminals, then why 99% of them are using fiat currency instead of BTC? And compared to the situation we had when dark markers such as Silk Road and Alphabay were running, now the proportion of BTC transactions that can be linked to the contraband trade has plummeted. One of the reasons is that the criminals no longer regard Bitcoin as a "safe" medium. They don't prefer a currency, where each and every transaction is stored in the blockchain.

Rogue nations like north korea have reportedly been involved in a majority of crypto ransomware attacks. They're state based attacks made by countries currently under economic sanctions. Making it impossible to extradite or prosecute ransomware attackers due to north korean authorities not cooperating with law enforcement, opting not to abide by international extradition.

A case could be made for traditional financial institutions being breached and attacked far more severely in contrast to crypto equivalents. The federal reserve having reportedly been breached more than "50 times" in 4 years doesn't set a good precedent.


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Gold is actually not a good option for criminals. Cash in the form of unmarked bills is the option of choice for villains in movies for good reason. Unlike crypto, paper bills leave no digital trail.

One cannot just exclude the fact that ' bitcoins is trackable', ofcourse we have exception for the virgin coins which are just mined but let's be honest we don't have many of them.

Have you seen any good trading platform which does not require documents therefore you have to understand that one cannot just scam people on a big scale and then run away.

At rhe same time one have to understand the fact that gold is a physical asset which can be stolen anytime. If you are very careful with Bitcoins and your wallets then there is no possibility of them being stolen. Most of the times it's problems with the personal security and not bitcoins itself.

Nothing is perfect in this world. after all anything can be a tool of crime, depending on the user. and as you said, criminals, whether money laundering, black market, drug trafficking, etc. can use this easily and "hiddenly". but the other side is also very profitable, this is part of the evolution in finance, everything is getting easier without the administrative problems that take a long time.
basically it depends on who the user is and what the purpose is. the bad side and let's put this to good use while it gives us a good chance.

Well for stealing bitcoins.

If you don't usually connect your seeds/private keys to the web and you've got your own cold storage, you're unlikely to be hacked.  

There were those people that have been hacked and their bitcoins were stolen because they've never been secure and didn't do the basics of keeping their keys safe and probably signs up for a phishing site.

jeebuz, let me guess your in prison right? They gave you a computer so you earn $$ by talking up bitcoin, by the post;

why is everybody crying? or at a loss?

Who miserable other than yourself

I'm just talking facts, no emotion or 'feelings' required.

Jealous of what morons? Do u understand that the average moron owns like 0.0033 bitcoin or about $1k to their name in btc? Who is jealous of  what?

When all of you head for the exits at the same time to sell, see how much you walk away with.

Wow... the stupidity of some of these shills (Goldbugs) are seriously funny.

OP, have you ever heard about ......"Metal detectors " ..... those devices that can detect Gold or any other metal? Also, while that Gold is hidden under ground, it is useless. (....or are you going to dig it up, every time you want to buy something.. )

Also, Gold is not practical.....  If you want to make online transactions, you have to sell some Gold coins or Gold bars and then transfer that money to a Bank account and then make online transactions.  

Bitcoin can be stored on laminated paper carved in Stainless Steel .... or even on a Gold bar... if you wanted to do that. (I can store say.... $100 000 000 worth of Bitcoin on a piece of paper.... where are you going to hide that amount in Gold?)  

Ps... The NSA do not print money. 

Bitcoin can be considered as a two-edged sword...it is bringing many new possibilities but also some disadvantages and weaknesses that criminals or evil people can use to exploit. Hackers are evolving with the time and when they are seeing a good opportunity they rush into it like a blood-sucking worm. On the other hand, there are also disadvantages for criminals to be always using cryptocurrency because the record of all transactions are permanent and if there can be a way to track the owners of those wallets then they can be facing a big problem. The bottom-line is that there is no such a thing as a perfect system or a perfect investment for that matter...and why we might ask? Because of human nature. Nobody is proclaiming that Bitcoin is perfect...no it is not but neither is gold.

I don't think that it's easy to do that anymore, remember that scammers have already been caught by the authorities even though they used bitcoin as a form of ransom for their attack. I wouldn't say that bitcoin is the gold for criminals, I think the privacy coins are the more likely candidate to be called a gold for criminals but even that isn't safe anymore because organizations and tech firms are trying to destroy them by trying to find patterns.