That topic was 4-paged so why did you continue with discussion in that thread?

Locking that thread, and creating a new topic, this one, with points toward posts in that thread for discussion, I don't think it's reason why you need to create this thread.

Bitcoin is not for or only for money laundering while people can use Bitcoin blockchain and bitcoin with many purposes. Money laundering is only one of many ways people can use Bitcoin blockchain and bitcoins for. Bitcoin blockchain is against censorship so there is no filter, no censorship against user activities including purpose of using the blockchain and the coin.

Thats right. Many of those users are close minded when you explained to them the true purpose of bitcoin. Well Satoshi indeed made it for peer to peer transaction without intervention from third party but that part is quite impossible when you incorporated the regulatories and rules of each and different government among countries.

Well somehow its true that criminals can use it since Satoshi didnt mentioned parricularly an exemption for using it only individuals which included any sort.

The truth about life has been that people will always talk. They will talk and never get tired. Whether or not it they know it properly, they will always talk. So, the knowledge we gather here, of course, as a Bitcoin discussion forum should help us understand the doability and/or usability of Bitcoin. We can also learn how better to operate with it and grow in knowledge. One thing that amazes me is the kind of knowledge I have seen here. There are a lot of knowledge here, and we can as well learn from many of them as they give there insights and share there thoughts about certain things. All we only need to do is ask questions and answers will he rolled out. All those jamborees and unproved talks about Bitcoin and it's workability from some influencers as just geared towards personal gains and growth and not for anything tangible. Weldon!

You should know that volatility is a very valuable feature for some people. This is because when Bitcoin declines, we can buy Bitcoin at a low price, accumulating a lot of Bitcoin in preparation for a bull market. I might be someone who likes Bitcoin volatility because it gives me the opportunity to buy at a low price. So, if you have a long-term investment plan in Bitcoin, you'll feel proud if you can buy Bitcoin at a lower price.
This fear arises when you use your money to buy Bitcoin when you actually need it for short-term needs. When you experience a decline or fluctuation in the value of your portfolio, you feel sad, disappointed, and afraid that the decline will continue. In fact, in your position, others are buying more Bitcoin on the market, one of which is the Bitcoin you sell when you experience panic selling.

You will never get scared about the volatility of Bitcoin if you help yourself to learn lots of things about this coin. If it happens that you are relying on the opinion of other people there's really a big chance that you are subject of manipulation, since you get scared easily on each volatile movements happening on Bitcoin.

If you threat is as normal phase you will provably not get scared about that situations. Then will see that as another great opportunity to accumulate more Bitcoin. What people need to understand is FUD and volatile movement is temporary, but for sure Bitcoin will continue to exist and became successful in upcoming years.

Well, scams will hardly thrive on system that follows the basic principles of Bitcoin, which include improved ones that do not break the principles . .

* If you have an Instant Messenger like Telegram that can make Moderation decentralized (and evidence-based) , which means everyone is a moderator, and those with best success rate at moderating and with lesser issues, are automatically ranked up to start having more say or power on moderation, it becomes unlikely for scammers to thrive on such platform since most or all issues are handled by everyone and they are almost guaranteed to be handled regardless of how large a platform is

* And evidence based reputation feature is used to score users based on how honest they are, how good their products/services are, and how well they deliver on promises (or fulfill agreements). And you will be required to use smart-escrow/contract when dealing with users with scammy reputation or no reputation atall, and probably ignore that for reputable users especially for amount you can afford to lose.

* You also have a trustless feature that enables users to verify other users and their products and services before doing business with then

* And there is also the transparency and immutable features that keep every past activities/dealings of users transparent, public and undeletable, in order to help other users review them and decide whether to deal with the users or not.



 Unfortunately, Bitcoin scammers will prefer robbing their their victims on centralized platforms due to absence of the features or basic principles of Bitcoin listed above

It's good that you have taken note of what is being said to you that Bitcoin can be used by people for different intentions, good or bad, and that people are using it to steal from their fellow beings doesn't make Bitcoin to be marked bad thing; rather, it is for you to learn how to be security-wise, not to fall victim to scammers tricks. If it is to avoid any social media platforms like Telegram, do it and save yourself from being scammed.

Scams on telegram with Bitcoin?, that's literally one of the least places I expect anyone to fall for Bitcoin scam, unless the person uses telegram for more than just receiving messages, and perhaps isn't cautious enough. People tend to commit crimes with so many things, including fiat currencies, but we don't see people refusing to make use of cash. We can't really control how people make use of certain things, especially when it is generally accessible all over the world without restrictions. And as for volatility, well, that's not a complex concept. You just have to know that the price is never fixed, but knowing how to make decisions at different conditions matters a lot.

It is normal for a free market to be highly volatile, especially Bitcoin trading is not regulated.  Bitcoin market is genuinely driven by supply and demand, market manipulation, and emotional influence or market sentiment, this is also the reason why the price of Bitcoin fluctuates with every news and changes in demand and supply order.

Anyway, there are lots of scammers in Telegerm but if you know the basics of Bitcoin, you will definitely identify the fraud.


Bitcoin volatility is what makes it very interesting for investors and traders.  It is where the huge profit comes in.

Criminal element can launder money just anywhere they want. It doesn’t matter what is being regulated or not. Once the intention is there, they would always find a loophole in whatever system to exploit. Money laundering has always being a problem even before the advent of Bitcoin and it still is today, those traditional ways to it is still very functional in today still.

Wonder how the cartel drug traffickers get their money? Make no mistake they don’t exchange drugs for Bitcoins out there on the street, it’s mostly cash and it still finds a way back to the cartels.

So when it comes to Bitcoin, of course criminal elements can still use it for their illicit purposes but, that doesn’t make Bitcoin a currency for criminal activities.

Telegram is a social media channel of its own and the regulations of what is being done there is solely in the hands of those that own the channel. Unfortunately, these medias exist on the bases of respecting privacies in end to end agreement except, a serious concern is raised by government agencies, they don’t go snooping for these things. Hence, it is up to everyone to be aware.