Three ways to play hooligans in the currency circle
When the tide receded, it became clear who was swimming naked. When winter comes, we will know who will play hooligans. Today, we will list the three types of hooligans in the currency circle. For example, there were some signs before the CDC accident. On November 5, Huobi officially announced the suspension of CDC deposits and transactions. The CDC thing is no accident. Next, let’s take a look at the three ways to play hooligans in the currency circle: fraud on the trading platform, false publicity, etc. We remind the majority of currency circle friends, be sure to keep your eyes open to avoid being cut and deceived! Currency rogue move 1: Trading platform fraud It is said that in December 2013, the Public Security Bureau of Dongyang City, Zhejiang Province detected a bitcoin trading platform fraud case, which was also the first domestic bitcoin trading platform fraud case. How was it discovered? It turned out that Qiao Mou from Dongyang learned that there was a bitcoin trading platform GBL company through online channels, and recharged 90,000 yuan on the trading platform to buy and sell bitcoins. On October 26, Qiao Mou found that the staff of the online trading platform was offline, and some normal trading procedures could not be carried out. Qiao Mou became suspicious. Later, the investigation found that the registered address of the company was fake and 90,000 yuan was cheated. So call the police. "GBL Bitcoin Trading Platform" was established on May 27, 2013. The server is located in the United States. It claims to be headquartered in Hong Kong and has a large consortium as its financial support. Later, the suspects Liu, Jin and Huang were successively arrested by the police of the task force in Guizhou, Anhui and Shenzhen. It turned out to be a few guys in their twenties and thirties! GBL exchange swept away a total of 4.1 million bitcoins. Please note that this is the price in 2013, and it should be worth more than 100 million US dollars now. Talking about 2013 today, is it a repeat of the old tune? Not too! At present, there are more than 10,000 digital asset exchanges in the world. Even if the small exchanges at the end of the long tail have no motive for fraud, their traffic and user activity are already close to a "hibernation" state. Maybe one day it will be like the CDC, the team is disbanded, you don't know! So if your digital assets are on an unknown small-name exchange, it's best to run as soon as possible! The rogue move 2 in the currency circle: false propaganda, the listing will break Project A claims to use blockchain technology to solve three major difficulties in the traditional art industry: the difficulty in determining the authenticity of works, the difficulty in determining the ownership of rights, and the weak liquidity and difficulty in pricing. (It looks good too!) On January 20, 2018, Project A was launched on the Australian U website. On that day, the highest price of project A was 0.73 yuan, and the lowest price was 0.17 yuan. After that, the price fluctuated around 0.38 yuan. Compared with the price at the time of private placement, it is almost halved. Therefore, the investors jointly reported the suspected fraud, and Jiang Jie, the co-founder of the project, was transferred by the investors to the Letters and Calls Office of the Beijing Financial Bureau. According to an investor who participated in the private placement of Project A, after Project A was exposed to false publicity, some investors did know the news, but they did not attract enough attention. "Everyone in the currency circle will see this situation. In fact, at the time, I was holding on to luck and planned to sell it after it went online." (Leek thinks so!) It is worth noting that the fact that the listing is broken does not mean that the project must be fraudulent. Sometimes the project is reliable, but the industry is not good, or the publicity is not enough, or the lack of support from major institutions will also break. However, some are manipulated by means of false propaganda, fake projects, fake project supporters, black box operations, etc., because the project team has a ghost in their hearts, the speed of breaking is often extremely fast. 3. Rogue move 3 in the currency circle: smash the market and run away There are too many such examples. Basically, such projects use false propaganda, fictitious white papers and project teams, etc. to lure users into being fooled. Eventually, they fell seriously a few months after the launch, and they ran away. For example, the S project landed on the exchange on January 16, 2018. The issue price is about 2.6 yuan. About two months later, on March 12, the S project was equivalent to RMB 0.918, equivalent to 35.3% of the issue price. S project price curve, intercepted in the early morning of March 16 Another example is the M project, which claims to be an application focusing on the decentralized blockchain in the film and television field. The distribution of movies has become as simple as the blockchain. One day you can become a director and an artist in one second without going out, and you can invest in any movie you like.†As far as the existing technology of blockchain is concerned, the functions described by the M project can be fully realized. However, at 3:00 pm on January 16, 2018, the M project was launched on the digital currency trading platform. But soon there was a lot of smashing in the market, and the price also plummeted from the opening price of 0.1539USDT to 0.0123USDT, and the price has been hovering around 0.01USDT since then. 4. The omen of the currency circle project running away Some media have concluded that there are four signs of currency circle projects running away. The summary is very accurate and comprehensive, and we transcribe it as follows: 1. The team stops doing things. The impending death of a project is first reflected on the team of the project. If a team stops doing things, you need to be careful. The specific manifestations may be as follows: the public relations team is suspended: there are no new news and soft articles on the Internet; the negative information is no longer clarified and whitewashed; the official account and Weibo stop updating; the technical team is suspended: the software and APP are stopped updating; announced that they have been hacked; customer service team Suspension: Customer service cannot be contacted, and the phone cannot be connected; the market value management team is suspended: the transaction volume and transaction price are stagnant, and there is no fluctuation. The operation team is suspended: there are no new people entering the community, and the existing community is gradually disbanding; there are no new community activities. 2. The boss begins to clear the relationship If the platform bosses, capital, and exchange parties before a project start to distance themselves from the project, saying that they have nothing to do with the project, or that they don’t know about it and are blocked by the platform, then you have to be careful. It is very likely that the project is about to run away, and the big guys wipe their mouths after eating to avoid getting burned in the future. It may also be manifested that the main project company begins to change the legal person, equity and other industrial and commercial information. 3. To brag about new projects and new actions In order to harvest more leeks, some projects will constantly brag about their new projects and new actions, in order to divert the attention of investors. Specifically, it can be expressed as announcing new currencies and projects; announcing that it is about to establish its own exchange; about to enter the market of a certain country; about to be invested by a certain institution; about to launch a strategic cooperation with a large company, etc. 4. Change the established system. Blockchain is about consensus, and a stable system is an important cornerstone for maintaining consensus. If a project makes sudden or frequent changes to the established system, without consulting the community, and with just a paper announcement, it is likely to be in a last-ditch effort or a final harvest. Specifically, it can be expressed as changing the lock-up income mechanism; suddenly increasing the issuance; frequently changing shareholder dividends, etc. If a project has one of the above signs, you need to pay more attention. If any of the above signs appear, you must be prepared to escape. 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