Happycoin.club - The European Central Bank recently published a report indicating that experienced Bitcoin traders are taking advantage of newcomers.

Officials "discovered the truth" by reporting that traders who managed to buy cryptocurrency at a low rate are selling it at a higher price in pursuit of profit. The buyers of the coins are often inexperienced digital asset traders who decided to invest in BTC in the hope of increasing their capital due to the growth in the value of the coin.

In addition, the EU Central Bank employees claim that Bitcoin has not become a popular means of payment, but has turned into an investment product that promises impressive profits. For this reason, government representatives believe that the circulation of cryptocurrency should be strictly controlled in order to protect society from the "unfair distribution of wealth."

People who do not own Bitcoin should understand that they have a compelling reason to oppose BTC and support stricter cryptocurrency laws to prevent Bitcoin from rising in price or even to make it disappear, the central bankers concluded.

However, officials ignore statistics that show 95% of Bitcoin owners will make a profit if they sell their coins now. 3% will break even, and only 2% will suffer losses. If the bullish trend continues in the market, the number of traders who are at risk of financial loss will soon drop to zero.