Illicit activity a tiny part of cryptocurrency use

Re:Illicit activity a tiny part of cryptocurrency use by cheriot on Thursday January 06, 2022 @04:13PM (#29830248)

I'd be interested in the % of crypto transactions that are pure speculation. People do use it to pay for goods, sign contracts, etc. Are there more legal value creating transactions than illegal ones?

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Re:Illicit activity a tiny part of cryptocurrency use by mgraczyk on Thursday January 06, 2022 @04:28PM (#29830477)

This metric basically just tells you how liquid the currency market is. Look at forex markets for traditional currencies.

USD/EUR trading is over $3B daily. Does that tell you anything about USD as a currency, beside there being liquid markets?

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Re:Illicit activity a tiny part of cryptocurrency use by cheriot on Thursday January 06, 2022 @08:43PM (#29833617)

$3B is far less than the amount of USD used for purchasing goods and services each day.

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