Cryptocurrency speculation is not illegal, and everyone should have a clear understanding of this.
There can't be any law in this world that stipulates that cryptocurrency speculation is illegal. It can only be said that cryptocurrency speculation is prohibited and the channels for deposits and withdrawals are cut off, that's all. Cryptocurrency speculation is purely a personal investment behavior. Since the country prohibits it, you will not get corresponding legal support.
The bottom line is: you bear all the risks and benefits yourself.
Therefore, Sun Ge would never be caught. Besides, all his plans were open conspiracies. It was just that these investors could not resist the temptation of high returns and took a gamble. In the end, they lost and started crying and cursing.
In fact, it is the same as in real life where people who buy houses smash and destroy sales offices because house prices have dropped. When house prices are rising, everyone is peaceful and prosperous, but when house prices drop, they start to blame others. If they insist on holding the developer responsible for a drop in house prices, then do they have to share the money with the developer if house prices go up?
Similarly, it’s the same with investing in Sun Ge’s projects. Many people have made money from their investments, and everyone is very peaceful. But most people have actually lost money, and they start cursing, and scammers and the like have all come out.
Since you are willing to gain high returns in the cryptocurrency world, you must also bear the high risks behind it, instead of crying like a three-year-old child and asking the government for help.
When the government repeatedly prohibited cryptocurrency speculation, you didn't listen. Now that you've lost money, you want to ask the government to help you get your money back. This doesn't make sense.
The point is that there is no legal support in China for any losses from cryptocurrency speculation, so we can only protect our own wallets instead of crying.
The government prohibits cryptocurrency speculation, so many people think that the cryptocurrency circle is a big scam.
But is it really a scam? If it is really a scam, why has it been able to exist for so long? Why do many countries such as the United States, Russia, and South Korea strongly support the development of virtual currencies?
We can say that they are doing this for their own benefit, but we cannot deny the value of the cryptocurrency world to modern society.
We must see both its harms and its advantages.
For example, no one can deny the blockchain technology, but where is the innovation and progress of blockchain technology? The answer is in the cryptocurrency world.
Only under the conditions of a closed ecological loop and closed interest loop like the cryptocurrency circle can innovation and progress in blockchain technology occur.
In fact, we don’t have to count on the progress of the so-called centralized blockchain technology. We have seen many blockchain projects launched by many governments, but they are actually just trying to catch fish in a tree. To be more serious, they are just a way to attract attention.
The essence of blockchain is decentralization. Decentralization requires more nodes to participate. The participation of nodes requires incentives, which is what we call currency. This currency can be exchanged for cash.
With money, everyone is willing to get involved. Only in this way can the ecosystem of a blockchain project prosper, innovate, and be decentralized, rather than a certain unit setting up a so-called blockchain project and providing subsidies.
It's pure nonsense.
Perhaps in the future, everything will be revolutionized by blockchain. I hope you and I can get involved early and enjoy the dividends of the development of the times.
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