Yesterday, when we talked about Bitcoin falling below 4,000 sooner or later, unfortunately it broke early in the morning. This afternoon, it hit the bottom and rebounded around 3,400 U.S. dollars in the miners’core area. Last time, we talked about the area where miners’ chips were concentrated between 2,700 and 3,600 U.S. dollars. Ok and fire coins were exploded, and were pulled back to 4,000 U.S. dollars in an instant. Nearby, there was a good play of double-blast with many empties. Are there really big users copying bottoms? Or is the exchange brushing data? Temptation to kill more? If you copy the bottom, I suggest stopping part of the earnings. Personally, I think that if the entrance is really large or institutional, but also in batches, it will not be so obvious. It seems to tell the whole world that I copy the bottom, do you follow? The rebound is not the bottom, it is the bottom does not rebound, the bulls do not die, falling more than. (US dollars, usdt distorted)
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We’re all jealous of the people who bought bitcoin for a dollar back in 2009. You can find stories online of teenagers living in their parents’ basement who became millionaires when they discovered an old hard drive filled with bitcoin. People have genuinely made 5000%+ returns from bitcoin and other cryptocurrencies. Scam artists know people have heard of these stories. So when someone sees a huge ROI advertised by a scam artist, they’re tempted to believe it’s real.
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In a HYIP, the operator utilizes the money paid by new investors to provide higher returns to early investors of the program. The aim of such an exuberant payout is to convince probable investors to also allocate their capital. It is said that instead of investing in legitimate businesses, the operator cycles the money until new investors stop coming and the scheme collapses.
Exercise skepticism. Bear in mind that most people who sell strategies for getting rich quick make their money on the sales of their books or seminars, not necessarily by practicing what they preach. Ask yourself why they’re "sharing" their "secrets" with you. And do not spend time reading about the latest HYIP strategy—such as when to join, how much to deposit, whether to take a compounding offer or when to exit. A scam like this has no viable investment "strategy."