Is China At It Again
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No matter what you say over the last 5 years China has played a critical part in bitcoins and cryptocurrencies prices.
From banning miners to banning crypto outright China has said and done many things that have altered cryptocurrency over the years.
Well now is China at it again ?
Apparently there is a 2 Billion dollar Chinese Ponzi scheme dumping crypto at the moment.
Lets be honest here.
Ponzi schemes in crypto have been around for years now and there is honestly no shortage of them. This scheme just dumped 45,000 Bitcoin and 800,000 Ethereum. But if that was not bad enough there is still another 20,000 BTC waiting to be dumped by them.
The name of this scam ?
PlusToken
Which operates much like BitConnect
It still floors me that people will throw so much money at high return promises and be shocked when this kind of stuff happens.
ANYTHING that promises a rate of return forever with no adjustment is clearly a scam it can't be sustained and eventually will crash because the money coming in is not enough to pay the rate of return going out.
If you see any site or any person saying this STAY AWAY and stop falling for the same crap. It literally destroys cryptocurrency and lives. Be smart.
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