$BTC Big Brother, if you can't rise, take a break, let's drop 5000 dollars.

Is it illegal to speculate in cryptocurrencies in the mainland?
The latest case judgment in Shanghai has given the answer!

Is it illegal to speculate in virtual currencies such as Bitcoin? I think every talented trader in the mainland has thought about this question. Let's refer to this case in Shanghai.

Recently, the Songjiang District People's Court of Shanghai concluded a service contract dispute case caused by the effectiveness of the virtual currency issuance and financing service contract.

In 2017, an agricultural development company (Company X) signed a "Blockchain Incubation Agreement" with an investment management company (Company S) because it was optimistic about the development of virtual currencies, and paid 300,000 yuan in service fees for token issuance, but the plan eventually fell through. Company X sued the People's Court, demanding the termination of the contract and the return of 300,000 yuan in service fees by Company S. The Songjiang District People's Court finally determined that the agreement was invalid and ordered Company S to return 250,000 yuan.

After trial, the People's Court held that token issuance financing refers to the financing subject raising so-called "virtual currencies" such as Bitcoin and Ethereum from investors through the illegal issuance and circulation of tokens. It is essentially an act of illegal public financing without approval, and is suspected of illegal issuance of token tickets, illegal issuance of securities, illegal fundraising, financial fraud, pyramid schemes and other illegal and criminal activities. Therefore, no organization or individual may illegally engage in token issuance and financing activities.

There are legal risks in participating in virtual currency investment transactions. If the mandatory provisions of laws and regulations are violated, the relevant civil legal acts are invalid, and the losses caused by them shall be borne by themselves.

⚠️To summarize, it is not illegal for us individuals to simply hold virtual currencies, but we are not allowed to issue tokens on our own. The issuance of tokens is not only unprotected, but may also be illegal!
$SOL $BTC $PNUT #DeSci热度上涨 #市场围绕90K #PNUT再次走高

Planning to trade cryptocurrencies for a living, these eight iron rules are worth pondering and understanding repeatedly! Today, I'm sharing with friends who are fated to see this, hoping it will provide some inspiration.

1. When entering the market, do not only look at the cryptocurrency K-line "trend", especially for short-term trading, you also need to observe the 30-minute K-line. At the same time, the overall market must stabilize and resonate at that moment before entering. For example, sometimes you see a K-line with a long upper shadow and feel there is no opportunity, but the next day it might explode with a big rise or even hit the limit. In fact, if you look at the 30-minute K-line, you will see the subtleties.

2. If the trend and order are not right, just looking one more time is making a mistake. You must follow the trend, and the order of the upward movement cannot be disrupted.

3. If the short-term position is not in a hotspot or a potential hotspot, it is better not to trade.

4. Abandon all impulsive entries. Trade your plan, and plan your trades.

5. Any person's views or opinions are merely references; you must have your own careful consideration and serious analysis.

6. First, lock in the direction before selecting specific cryptocurrencies. If the direction is correct, the results will be doubled with half the effort; if the direction is wrong, the effort will be doubled for half the result.

7. Intervene in cryptocurrencies that are currently rising. Trying to guess the bottom is a big taboo; there is always a feeling that a rebound is imminent, followed by an ultimate shakeout. Stock prices always move towards the direction of the least resistance; intervening in cryptocurrencies that are currently rising means choosing a direction with low resistance.

8. After a big gain or loss, ◇ empty your position ◇ and re-examine the market and yourself. Clarify the reasons for the big gain or loss ◇ and then it’s not too late to act again. In my many years of cryptocurrency trading, I have found that after a big gain or loss, emptying the position is essential. #市场回调，观望还是上车？ Binance registered users have exceeded 240 million.

The ten realms of cryptocurrency trading, which one are you at?

Level 1: Entering the cryptocurrency market for the first time, ambitious and passionate! With the dream of 1000 U, I will do a great job.

Level 2: Obsessed with buying and selling every day.

Level 3: Gradually I feel that money is not so easy to make, I lose more than I earn, and the words of big Vs are not so useful. So I started to learn to analyze the news, but later I found that they were all traps, and I began to doubt value investment.
Level 4: Evolved from a novice to a leek, began to analyze currencies and study technical indicators. Slowly I can make a small profit, but most of the time I lose money, long and short lines are intertwined, and the operation is already chaotic. I know more and more, but I have less and less money, and I begin to doubt myself.

Level 5: New leeks become old leeks, and they begin to have their own understanding of the market, but at the same time they fall into a new confusion, easily self-judgment, what to do, how to make mistakes, and their mentality gradually collapses.

Level 6: Through continuous actual combat, I have explored my own set of trading models, which can make more money and less losses, and slowly control my mentality.

Level 7: No longer looking at any technical indicators, starting to look at "trends", rhythms, emotions, and slowly figuring out your own "way".
Level 8: Already have your own unique trading model, strict discipline, have coins in your hands, no coins in your heart, no big fluctuations in your heart, and can move forward and backward freely.

Level 9: No longer obsessed with the currency market, regard the currency circle as a fixed profit investment place, like to study narrative and philosophy the most. At this time, I have understood that investment is the truth of life!

Level 10: Nothing is everything#美联储宣布降息50个基点 #加密市场反弹 #DODO助力Meme发行

Historic moment, brothers, the big pancake has broken eighty thousand!