Bitcoin remains under pressure in the fall of the $2 bln PlusToken Ponzi scam

M

mlawson71

We have all noticed that Bitcoin has been falling like a rock recently and this downward trend will likely continue as the cryptocurrency remains under pressure due to scammers that have perpetrated the new bg crypto Ponzi scheme called PlusToken and who are now cashing out their profits – at least according to Chainalysis Inc., a New York based research center.

According to their analysis the Ponzi scheme has accumulated over 2 billion USD and has existed for about five months.

BTC has fallen with almost 50% from its annual peak since June this year, when Chinese police arrested dozens of people connected to the scam. They were apparently promising rewards as high as 600% and a reward to those who brought new people to be scammed.

Between this and the stubborn rumours that Bitcoin rallied to 20,000 USD due to a Tether manipulation I feel more distrustful about it and cryptos in general than ever.
 
for investors, title would be
Bitcoin remains under pressure in the fall of the $2 bln PlusToken Ponzi scam

for traders, title would be
Bitcoin remains downtrend in the fall of the $2 bln PlusToken Ponzi scam

Traders don't like the word pressure.
 
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mlawson71 said:
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Between this and the stubborn rumours that Bitcoin rallied to 20,000 USD due to a Tether manipulation I feel more distrustful about it and cryptos in general than ever.
More...

As should anyone who is not blinded by the faith. Tether alone should make anyone drop this shit. A real price discovery can only happen when real $ on the line. But when I need to use my $ to buy bitcoin, but bitfinance creates tethers out of thin air, and can also use them to buy same bitcoin, this makes me a fool as I am just parting with my hard earned cash.
 
dozu888 said:
how many scams does it take for the cryptards to learn a lesson.
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:D

Most likely, they calculated the short lasting life spam , of brain cells, that are responsible for long term memory, and when the cycle ends, they come up with a, - new ponzi, exclusive deal, for the same kind of folks.

This time it's different and legit.

That's an edge.
 
mlawson71 said:
We have all noticed that Bitcoin has been falling like a rock recently and this downward trend will likely continue as the cryptocurrency remains under pressure due to scammers that have perpetrated the new bg crypto Ponzi scheme called PlusToken and who are now cashing out their profits – at least according to Chainalysis Inc., a New York based research center.

According to their analysis the Ponzi scheme has accumulated over 2 billion USD and has existed for about five months.

BTC has fallen with almost 50% from its annual peak since June this year, when Chinese police arrested dozens of people connected to the scam. They were apparently promising rewards as high as 600% and a reward to those who brought new people to be scammed.

Between this and the stubborn rumours that Bitcoin rallied to 20,000 USD due to a Tether manipulation I feel more distrustful about it and cryptos in general than ever.
More...

Yep, it's reported they stole 45,000 Bitcoins and have sold half of it so far. With the market already doing as bad as it is right now, this is a horrible time to even think about Bitcoin. And anyone who has been following the charts will know that there has been a lot of manipulation going on with the liquidity so low. It's litterally a shark tank. I almost feel bad for these degenerates that invest probably their life savings thinking "Oh, if I just hodle this 100 dollars worth of Bit corns then maybe I'll become a millionaire!"

Very sad....
 
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