In our country, although virtual currency trading has not received official recognition, the level of market participation is far beyond public expectations. According to incomplete statistics, the number of Chinese users involved in virtual currency may have exceeded 80 million. This data may be difficult to perceive in social circles, but in fact, it is precisely because of the anonymity and concealment of transactions that a large number of trading activities quietly take place outside the public view.
Taking global mainstream trading platforms like OKX and Binance as examples, Chinese investors account for a significant portion of their user base. This fact undoubtedly reveals that virtual currency already has a broad and active user base domestically.
However, this is not a 'golden investment new continent'. In reality, over 99% of investors ultimately end up with losses. This is not accidental, but stems from the harshness of market structure and participation thresholds.
Investment dilemma: few holders of coins, hard to find winners
Among all legitimate ways to profit, 'holding coins' is regarded as the most traditional and stable strategy. However, the success of this method requires three core conditions:
Professional awareness
Sufficient funds
Firm belief in long-term holding
None of the three can be absent; the high threshold results in very few people truly achieving wealth growth through holding coins.
Gray arbitrage: fraudulent methods emerge endlessly
In stark contrast is the endless emergence of 'quick wealth shortcuts' in the market—various fraudulent behaviors, which gradually become 'alternative paths' in the eyes of speculators:
Large-scale fraud:
Issuing coins to harvest investors: creating coins out of thin air, collecting funds, and then absconding
Pig slaughtering scam: fabricating investment relationships to deceive trust and funds
Although these methods are tempting, they often come with extremely high legal risks and traceability. Once investigated, those involved often find it difficult to escape criminal responsibility.
Small-scale fraud has a stronger 'mass base':
Assisting in the transfer of fraudulent funds
Undertaking 'crypto commission' advertisements
Using social media accounts to lure others into investing
Providing technical or trading convenience for scammers
These behaviors have low thresholds, quick monetization, and are difficult to be immediately held accountable, thus attracting a large number of participants with a fluke mentality:
Some were once victims but were motivated by revenge; some took risks due to economic pressure; more were brainwashed by so-called 'crypto success theories', believing they could walk on the edge of regulation.
Absurd reality: the staging of a series of satirical plays
The intertwining of bubbles and desires in the virtual currency market has also created many absurd farces:
A certain internet celebrity's self-created token failed, and instead faced backlash from community investors. Afterwards, they even posted on social media to 'sell misery'.
A project party was jailed for fraud and surprisingly attempted to use a lawyer to issue a statement on the internet seeking sympathy.
These incidents not only reveal the universality of market chaos but also expose certain participants' extreme disregard for rules and consequences.
Forward-looking perspective: regulatory clearing is only a matter of time
In today's highly transparent information environment, every virtual currency transaction, every illegal arbitrage, and every online promotion leaves a clear data trail. These traces are becoming important clues for law enforcement agencies to gradually crack down on illegal activities related to virtual assets.
As our country's regulatory system continues to strengthen and judicial crackdowns escalate, any illegal behavior attempting to 'get rich through coins' will be cleared on the timeline.
The world of virtual currency is not without a future. However, its future does not belong to those who ignore regulations and blindly believe in shortcuts.
