三峡游子
60 Following
15 Followers
15 Liked
1 Shared
Posts
Quotes
See original
What garbage is Binance Exchange? AVL has dropped dozens of points in just a few days.
See original
I lost five times on this coin $USUAL , the news said Binance had invested in it back then.
See original
Concerns About Cryptocurrency: Risks and Worries
Recently, I have been observing the cryptocurrency market closely and have become increasingly skeptical.
The cryptocurrency market claims to be at the forefront of financial innovation, attracting countless investors with the banner of decentralization and high returns. However, the reality is worrying.
The extreme volatility of the market is the primary issue. Price fluctuations are erratic, with dramatic rises and falls possible within a single day; this volatility far exceeds that of traditional financial markets. For example, Bitcoin can see its price halved in just a few months, only to surge back up with no warning. Ordinary investors find it difficult to accurately time their investments amidst such fluctuations, often being mercilessly swept away by the tides of the market.
Moreover, the lack of regulation has turned the cryptocurrency market into a breeding ground for fraud. Many criminals, under the guise of virtual currency, issue tokens that are not supported by any real value, conducting so-called “Initial Coin Offerings (ICOs).” They use some misleading technical concepts to fabricate wealth myths, deceiving investors into putting in their money. Once they achieve their goals, they vanish with the funds, leaving investors with nothing.
There are even some trading platforms that engage in opaque operations, manipulating prices. By creating false trading data, they lure investors to follow suit in buying and selling, ultimately achieving the goal of “shearing the sheep.” In this market, lacking effective regulation, investors' rights are not protected at all, like ships sailing alone in the dark, possibly hitting a reef and sinking at any moment.
In my view, the cryptocurrency market is fraught with uncertainty and fraud risks. For ordinary investors, blindly entering without a full understanding or regulatory protection undoubtedly places their wealth in enormous danger.
Recently, I have been observing the cryptocurrency market closely and have become increasingly skeptical.
The cryptocurrency market claims to be at the forefront of financial innovation, attracting countless investors with the banner of decentralization and high returns. However, the reality is worrying.
The extreme volatility of the market is the primary issue. Price fluctuations are erratic, with dramatic rises and falls possible within a single day; this volatility far exceeds that of traditional financial markets. For example, Bitcoin can see its price halved in just a few months, only to surge back up with no warning. Ordinary investors find it difficult to accurately time their investments amidst such fluctuations, often being mercilessly swept away by the tides of the market.
Moreover, the lack of regulation has turned the cryptocurrency market into a breeding ground for fraud. Many criminals, under the guise of virtual currency, issue tokens that are not supported by any real value, conducting so-called “Initial Coin Offerings (ICOs).” They use some misleading technical concepts to fabricate wealth myths, deceiving investors into putting in their money. Once they achieve their goals, they vanish with the funds, leaving investors with nothing.
There are even some trading platforms that engage in opaque operations, manipulating prices. By creating false trading data, they lure investors to follow suit in buying and selling, ultimately achieving the goal of “shearing the sheep.” In this market, lacking effective regulation, investors' rights are not protected at all, like ships sailing alone in the dark, possibly hitting a reef and sinking at any moment.
In my view, the cryptocurrency market is fraught with uncertainty and fraud risks. For ordinary investors, blindly entering without a full understanding or regulatory protection undoubtedly places their wealth in enormous danger.
See original
BTC today net outflow of more than 500 million US dollars, a prelude to a crash? According to Foresight News, based on SoSoValue data, on January 27th, Eastern Time Zone 8, the total net outflow of Bitcoin spot ETFs was 457 million US dollars.
Grayscale ETF GBTC had a net outflow of 108 million US dollars in one day, with a historical net outflow of 21.861 billion US dollars.
Grayscale ETF GBTC had a net outflow of 108 million US dollars in one day, with a historical net outflow of 21.861 billion US dollars.
Login to explore more contents