Why does the government prohibit cryptocurrency trading while Sun Yuchen can remain unscathed?
Trading cryptocurrencies is not illegal; this is something everyone needs to be clear about.
There can never be any legal provision stating that trading cryptocurrencies is illegal; it can only say that trading cryptocurrencies is prohibited, cutting off capital inflow and outflow channels, that's all. Trading cryptocurrencies is purely a personal investment behavior; since the country prohibits it, you won't receive corresponding legal support.
Ultimately, it comes down to one thing: you bear all the risks and rewards.
So, Sun Ge can never be caught, and all his schemes are just open conspiracies. It's just that these investors can't resist the temptation of high returns and decide to take a gamble, and when they lose, they start crying and cursing.
It's just like people in real life who vandalize sales offices when housing prices drop. When housing prices are rising, everyone is at peace, celebrating and dancing. When prices drop, they start to play dirty. If you insist that when housing prices drop, the developers should be held accountable, then when housing prices rise, shouldn't the developers get a share of the profits?
Similarly, investing in Sun Ge's projects is the same; many people have also made money, and everyone is at peace, but most people indeed lost money and started cursing, calling it a scam and such.
Since you are willing to seek high returns in the crypto world, you must also bear the high risks behind it, instead of crying like a three-year-old and looking for the government.
When the government repeatedly prohibited cryptocurrency trading, you didn't listen, and now that you're losing money, you want the government to help you get your money back. This reasoning doesn't make sense.
The key is that any losses from trading cryptocurrencies currently find no legal support in the country, so we can only protect our own wallets and not cry about it.
The government prohibits cryptocurrency trading, so many people think the crypto world is a big scam.
But is it really a scam? If it were truly a scam, how could it have existed for so long? Why do many countries, including the United States, Russia, and South Korea, strongly support the development of virtual currencies?
We can say that they are acting in their own interests, but we cannot deny the value of the crypto world to modern society.
We must recognize its harms, but we must also see its advancements.
Take one thing for example: no one can deny that blockchain technology exists, but where is the innovation and progress in blockchain technology? The answer lies in the crypto world.
Only under conditions of an ecological closed loop and a profit closed loop in the cryptocurrency world can there be innovations and advancements in blockchain technology.
People shouldn't expect so-called advancements in centralized blockchain technology. We've seen many projects that are just fishing for eyeballs, to put it harshly, merely a way to grab attention.
The essence of blockchain is decentralization, which requires more nodes to participate. Nodes need incentives to participate, which is the currency we talk about, and this currency can be exchanged for cash.
When people have money, they are willing to get deeply involved, and only then can the ecosystem of a blockchain project prosper, innovate, and decentralize, rather than having some organization running a so-called blockchain project for subsidies.
It's purely nonsensical.
Maybe in the future, everything will be revolutionized by blockchain; I hope you and I can step into it earlier and enjoy the dividends of the era's development.