Bear Market did not Prevent Users From Engaging Themselves in Darknet

[Goodcat49]

Prices were falling all last year but this fact didn’t prevent people from conducting transactions on the darknet.  Moreover, reliable sources claim that the number of bitcoin payments on darknet by the end of 2018 doubled since the beginning of the year.

Crazy Volumes

As a Reuters report shows, at the end of last year transactions on the darknet performed with Bitcoin reached roughly $2 million per day. It is interesting to note, that this number was twice as small at the beginning of 2018.   

In 2017, we witnessed around $700 million engaged in these hidden markets, while 2018 showed that such markets managed to gain only $600 million. The decrease in volume was associated with AlphaBay and Hansa closures back in 2017, with the volumes being cut by almost a half. However, experts say that shutting down such websites have no long-term efficiency, as there appear more and more new ones.   

The question of Bitcoin anonymity remains open. It is highly debatable what method of payment is more anonymous - cryptocurrency or cash. Besides, many digital currency exchanges have added Know Your Customer features. Thus, traceability of virtual coins, including Bitcoin, is a common thing

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/bear-market-darknet/