Cryptocurrency speculation is not illegal, and everyone should have a clear understanding of this.
Why is it that cryptocurrency speculation is prohibited in China, but Justin Sun has not been arrested, and instead is thriving on social media?
First of all, they have money that you don't have, a top legal team that you don't have, connections that you don't have, and so on. In short, they have what you have, and they also have what you don't have. So there is no comparison between you and them. Let's not compare our personal situation with that of the big guys. Don't you think this is the truth?
In addition, many people think that cryptocurrency trading is illegal. Because it is prohibited in China. Some people think that in this respect, it is the same as gambling. Gambling is prohibited in China, so if you gamble, you are breaking the law and the police can arrest you. But have you ever thought about it? If I find out that you are trading in cryptocurrency, because cryptocurrency trading is prohibited in China, I will report you and let the police arrest you?
So at this point, what I want to ask you is, will the police really receive a report call, come and arrest me, and then hand me over to the procuratorate to sue me for cryptocurrency trading? Brothers, you can think about this question carefully. But to be honest, based on the information I know so far, it won’t happen. So, someone has summarized this issue better. In fact, it comes down to one sentence, you bear all the risks yourself. At the same time, this sentence also comes from the domestic official.
There can't be any law in this world that stipulates that cryptocurrency speculation is illegal. It can only be said that cryptocurrency speculation is prohibited and the channels for deposits and withdrawals are cut off, that's all. Cryptocurrency speculation is purely a personal investment behavior. Since the country prohibits it, you will not get corresponding legal support.
The bottom line is: you bear all the risks and benefits yourself.
Therefore, Sun Ge will never be caught, and all his bets are overt. It’s just that these investors couldn’t resist the temptation of high returns and wanted to give it a try. When they lost, they started to cry and curse, saying that the cryptocurrency circle is a scam.
In fact, it is the same as in real life when people who buy houses smash and destroy sales offices because house prices have dropped. When house prices rise, everyone is peaceful and prosperous, but when house prices drop, they start to blame others. If they insist on holding the developer responsible for a drop in house prices, then do they have to share the money with the developer if house prices go up?
Similarly, it’s the same with investing in Sun Ge’s projects. Many people have made money from their investments, and everyone is very peaceful. But most people have actually lost money, and they start cursing, and all the scammers come out.
Since you are willing to gain high returns in the cryptocurrency world, you must also bear the high risks behind it, instead of crying like a three-year-old child and asking the government for help.
When the country repeatedly banned cryptocurrency speculation, you didn't listen. Now that you've lost money, you want the country to help you get your money back. This doesn't make sense.
The point is that there is no legal support in China for any losses from cryptocurrency speculation, so we can only protect our own wallets instead of crying.
The country prohibits cryptocurrency speculation, and many people believe that the cryptocurrency circle is a big scam.
But is it really a scam? If it is really a scam, why has it been able to exist for so long? Why do many countries such as the United States, Russia, and South Korea strongly support the development of virtual currencies?
Finally, regardless of Sun Yuchen's identity, in daily life, he is also a person, with a reputation. Even if he does not do any publicity, as soon as he speaks, posts a video, or starts a live broadcast, there will be a large number of people in the circle who will pay attention to him and watch the show. You can't blame him for his leek resources, which will increase.
