June 19 was probably a nightmare for countless Bitcoin investors. Bitcoin dropped to $17,800, causing hundreds of thousands of people to liquidate their positions. Compared with Bitcoin’s historical peak of $69,000 in November last year, it dropped 70%.

This year and last year, the currency market is changing day by day.

html June 19 is probably a nightmare for countless Bitcoin investors. Bitcoin fell to $17,800, causing hundreds of thousands of people to liquidate their positions. Compared with the historical peak of $69,000 in November last year, Bitcoin fell by 70%.

During this period, it is said that someone made a profit of 1 million last year and lost 5 million this year. This really proves the saying "What you speculate is like a mirror, but what you lose is real gold and silver coins." Stories of sudden wealth are rare, and stories of sudden losses are rare. There are many examples.

In addition to Bitcoin, there is also LUNA. In April, the price of LUNA reached a peak of $119. In May, the price plummeted by more than 99.98% in a short period of time, falling to almost zero. It is indeed an air currency. With such a drop, investors’ money has indeed become air money.

In addition, Ethereum, Binance Coin, Dogecoin, and other well-known virtual currencies have basically fallen in response to the background of the Federal Reserve raising interest rates . The total market value of the currency circle has probably shrunk from last year to this year. 70%.

In response to this, on June 28, People's Daily Online also issued a special article saying: Virtual currency is essentially the largest Ponzi scheme in human history. In order to maintain this scam, the currency circle has tried every means to cover itself with various traps. Various types of outerwear. As a complete scam and a 100% risky speculation, the risks involved are undoubtedly huge and real. What

said is sharp and direct. The typical method of a Ponzi scheme is to use money from new investors to pay principal and short-term returns to old investments to create the illusion of making money, thereby defrauding more investments. The same is true for the nature of

virtual currency. It is neither legal currency nor supported by actual value. It does not have any value of productive labor . It is only maintained by the confidence of current participants and the number of subsequent new entrants.

Capital occasionally creates another hype, and it becomes more difficult for ordinary people to make money in the currency circle. For example, Musk, who has been making waves in the currency circle in recent years, can make waves in the currency circle with one sentence or one picture. He has made a lot of money, but behind him are countless leeks who have lost all their money.

This game of drumming and passing flowers, mice feeding cats, is essentially not for ordinary people to speculate. For some people, the biggest use of virtual currency is money laundering.

Maybe virtual currency was not born for money laundering, but its special mechanism is a favorite among criminals. They use virtual currency to transfer and launder stolen money, evade taxes, evade supervision, and sneak into the country without even noticing. Illegal gains are transferred overseas. Even Lu, the man behind those rural banks, may have laundered money abroad through virtual currency.

The special mechanism of virtual currency is that the virtual currency wallet and address can be anonymous and difficult to be traced. Although virtual currency is banned in my country, many countries and regions in the world still allow the circulation of virtual currency, and virtual currency can be freely exchanged. As a global currency, coupled with the convenience of transactions, virtual currency has become a good tool for money laundering. How does

operate? To put it simply, the stolen money is first exchanged for anonymous virtual currency, but if you buy, sell and withdraw money directly, large amounts of funds can be easily detected. In this case, multiple withdrawal accounts are needed. Therefore, the fraud advertisements and part-time job advertisements that are often seen on the Internet actually require part-timers to provide bank cards, Alipay and other accounts to buy and sell virtual currencies on the trading platform, and finally the part-timers withdraw cash, so there are actual traces left in the buying and selling process. Only part-timer information is available. Therefore, when virtual currencies are used to launder money, it is difficult for GA agencies to trace the flow of funds.

In this regard, a blockchain company also released a cryptocurrency crime report. The report shows that in 2021, the amount of money laundered by global cybercriminals through cryptocurrency reached US$8.6 billion, an increase of 30% from 2020.

These are just the ones that have been detected. I don’t know how many more have not been detected.

As for online part-time job information about cheating and running scores, you must stay away. Don’t take advantage of these small advantages and let yourself become an accomplice in confusion.

Our country has strictly banned all types of virtual currencies since 2017. In 2021, it also banned the mining and trading of all types of virtual currencies. my country has always been resistant and opposed to virtual currencies.

The virtual currency itself is not suitable for ordinary investors to play. No one with small arms and legs can compete with the huge amount of funds, not to mention that there is not much money flowing in for borrowing money. This thing has been finished in China long ago. , why should everyone bother with this anymore?