This year, the circle is too quiet.
Ultimately, it boils down to one thing: H's actions have completely tarnished the reputation of the circle. Out of ten telecom fraud cases, nine are using USDT for money laundering. For ordinary people buying and selling U, it feels as dangerous as counting money at a drug transaction scene. Police find it hard to immediately distinguish whether you are an ordinary investor or a criminal, so they have no choice but to detain everyone involved in the transaction. This has led to a toxic environment in the cryptocurrency world, and everyone is afraid to tread lightly. Ordinary people in such an environment face very real and tricky dilemmas:
If you want to buy coins, as soon as the payment code comes up, the payment function gets blocked, making it impossible to take the first step in the transaction.
If you want to sell coins, your bank card gets frozen in an instant, and then the police station calls you in for questioning.
Even if you want to trade with an overseas card, you might be labeled for “illegal currency exchange,” leading to endless troubles.
The end result is: veteran players are afraid of having their bank cards frozen and dare not act rashly; while new players, seeing such a situation, lack the courage to even enter the cryptocurrency circle. Exchanges have thus turned into stagnant waters, devoid of vitality. This is akin to a vegetable market where all the entrances and exits are blocked by city management, leaving buyers and sellers to look longingly from behind the barriers, making normal transactions impossible. How can the market not be quiet?
There’s also a dark humor here: currently, the most active in the cryptocurrency world may be the scammers. They specifically target people in the circle, while on one side, the police are always monitoring your “fund security,” and on the other side, scammers are doing their utmost to steal your money.
It’s like a “mixed doubles” game for cryptocurrency players, leaving them in dire straits and further exacerbating the coldness and chaos in the circle.
