$BTC $ETH Regarding the frequent liquidation by dentists, I really can't stand it anymore!
For the followers who have suffered huge losses, here is a suggested solution.
First, you need to break your inherent perception of legal rights protection; it is clearly illegal for dentists to lead trades on virtual currency platforms. Some may think that since so many people lead trades and each of them gets arrested, reporting it is useless. The reason many leading traders are not arrested is that the followers did not intentionally experience frequent liquidations, and many people are making profits; this is called 'willing to gamble and willing to lose.' They are convinced and satisfied. Additionally, some people feel that reporting is useless and just let it go. First of all, I have long-term business relationships with police officers from various provincial public security bureaus, and I am relatively familiar with law enforcement and case filing. If you, as a following trader, have suffered huge losses that affect your life, I suggest you report it to the local police station. The police station will initially handle the case and report it to the higher-level public security bureau's anti-fraud or economic crime group. They will then issue a case notification and inform you to make a detailed statement and provide evidence. The entire process will not be complicated and will not cause you any trouble; normally, it takes about three months. In some areas, the efficiency of case handling is fast: for instance, in Jiangsu and Hebei, it might take only a month to arrest someone. Once a suspect is caught, their family will likely contact you to write a letter of understanding. They may return the stolen goods and refund your trading amount promptly to seek a reduction of punishment or probation! In summary, the domestic law enforcement environment is no longer as dark as it was ten years ago, especially for such cases!
This suggestion is made because the reason for the dentist's liquidation is that he uses a secondary account for hedging; when followers profit, he takes a share, and when followers lose, he profits from his own secondary account's reverse orders. For such conscienceless individuals, we must resolutely use legal weapons to protect our rights. No matter how they act, it is fine, but leading trades is illegal behavior, which is a criminal offense, not an administrative violation!
For the followers who have suffered huge losses, here is a suggested solution.
First, you need to break your inherent perception of legal rights protection; it is clearly illegal for dentists to lead trades on virtual currency platforms. Some may think that since so many people lead trades and each of them gets arrested, reporting it is useless. The reason many leading traders are not arrested is that the followers did not intentionally experience frequent liquidations, and many people are making profits; this is called 'willing to gamble and willing to lose.' They are convinced and satisfied. Additionally, some people feel that reporting is useless and just let it go. First of all, I have long-term business relationships with police officers from various provincial public security bureaus, and I am relatively familiar with law enforcement and case filing. If you, as a following trader, have suffered huge losses that affect your life, I suggest you report it to the local police station. The police station will initially handle the case and report it to the higher-level public security bureau's anti-fraud or economic crime group. They will then issue a case notification and inform you to make a detailed statement and provide evidence. The entire process will not be complicated and will not cause you any trouble; normally, it takes about three months. In some areas, the efficiency of case handling is fast: for instance, in Jiangsu and Hebei, it might take only a month to arrest someone. Once a suspect is caught, their family will likely contact you to write a letter of understanding. They may return the stolen goods and refund your trading amount promptly to seek a reduction of punishment or probation! In summary, the domestic law enforcement environment is no longer as dark as it was ten years ago, especially for such cases!
This suggestion is made because the reason for the dentist's liquidation is that he uses a secondary account for hedging; when followers profit, he takes a share, and when followers lose, he profits from his own secondary account's reverse orders. For such conscienceless individuals, we must resolutely use legal weapons to protect our rights. No matter how they act, it is fine, but leading trades is illegal behavior, which is a criminal offense, not an administrative violation!