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A comment on Bitcoin hits 3-year peak, nears record high on U.S. ETF approval. Parent comment

Re:Bitcoin hits 3-year peak, nears record high on U.S. ETF a... by gozur88 on Thursday February 23, 2017 @08:53PM (#13720145)
>The darknet markets certainly bring some demand, but it's high-velocity. You don't need to hold BTC, only transact in it.

Except that if you're doing something illegal you pretty much do need to hold onto it unless you have a way of laundering it to a national currency.

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Re:Bitcoin hits 3-year peak, nears record high on U.S. ETF a... by wmf on Friday February 24, 2017 @12:10AM (#13721191)
It seems kind of pointless to engage in crime if you can never spend the profits.
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Re:Bitcoin hits 3-year peak, nears record high on U.S. ETF a... by gozur88 on Friday February 24, 2017 @02:55AM (#13721858)
You can, but you have to spend them in bitcoins.

There might even be enough of a legitimate bitcoin economy you could mostly do it, assuming you weren't a really big time criminal. Those guys have ways to launder the profits anyway.

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