(Note: There are various meanings to 'brushing orders'; here it specifically refers to projects that exploit investors. Tutorials on 'brushing order strategies' may be available in the future depending on the situation. This activity conflicts with the profits of exchanges.)
In the cryptocurrency circle, there are some negative phenomena that everyone needs to be vigilant about, and 'brushing orders' in virtual currency contracts is one of them. The so-called brushing orders in virtual currency contracts refer to the actions of malicious exchanges or individuals who use false transactions to inflate the trading volume and price of virtual currencies. They do this simply to attract more investors into the market, thereby raising coin prices and trading volumes.
This brushing behavior, aside from benefiting the instigator, poses a great danger to everyone else. Firstly, for investors, it is a deception that leads them to make wrong decisions based on false market conditions, potentially resulting in losses or total blowouts, with money ending up in others' pockets. Many previous projects have created a prosperous facade through brushing orders, misleading numerous investors and causing them significant losses. Secondly, from the perspective of the entire virtual currency market, brushing orders disrupt normal market order, undermining fairness and effectiveness. Moreover, this behavior may involve large-scale fraud or even money laundering and other illegal activities, severely affecting the healthy development of the cryptocurrency market.
So how can investors avoid brushing orders in virtual currency contracts? The most important thing is to stay vigilant and not easily believe exaggerated promotions. The saying 'there's no free lunch' should be regarded as a decree; this is not only a reminder to oneself but also the truth that aligns with what investors often encounter. I have emphasized in my previous courses that many malicious exchanges or individuals will use various enticing phrases to attract investors, and these are often traps. Investors also need to strengthen their understanding of the virtual currency market, improve their risk awareness and investment capabilities. For example, learning some basic technical analysis knowledge and understanding market operating rules can help better distinguish between true and false, staying away from traps.
In cryptocurrency trading, risks are everywhere, and everyone must treat them with caution and not be misled by malicious behaviors.
