FUD! Chinese Ponzi Scheme, PlusToken Suspiciously Moved $240 Million!

omone1

member

Activity: 845

Merit: 52

This is not enough to cause the market to bleed or the bitcoin market to bleed. When you compare the market capitalization with just $240m, more so they will have issues offloading in the market as eyes are on their wallets. No cause for panic, bitcoin market is far bigger than this.

tycsols

member

Activity: 812

Merit: 10

BountyMarketCap

I have been invited by many community friends to such schemes like plus token and cloud token etc but i have already suggested them these programs do not look legit rather they seem more like ponzi and pyramid schemes where early comers will be able to make the most and late comers will loose so i will simply say that we should stay alert and avoid all such suspicious fixed profit promising programs as they can disappear anytime because they are based on a ponzi model.

Kemarit

legendary

Activity: 3080

Merit: 1353

This FUD is similar to the Mt. Gox trustee allegedly dumping Bitcoin to pay his creditors. It was reported that as early as 2017, the trustee has been dumping Bitcoins but the news resurface when the price of Bitcoin is going down and everyone wanted to point out what's the real reason. Although later one it was found out that he was doing OTC trades and not really dumping it hard as others have suspected. Anyways, my point is that anyone here in the crypto space will look for excuses, and if this is the real reason, if will just have a short term effect on the price. FUD news doesn't linger in crypto verse and in just a matter of days, it will totally be forgotten.

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: MOProgress on August 19, 2019, 10:31:06 AM

While the market is trying to recover from its last week drop, another news that may caused FUD has surfaced, this very news is talking about how the $3 billion Chinese ponzi scheme move $240 million worth of cryptocurrency.

Full story here: https://www.cryptoinformers.info/news/10370-chinese-ponzi-scheme-plustoken-suspiciously-moved-240-million

But is it that some people are only using it cause panic or what?

Expect for these kind of news that do suddenly pop out.We dont know if they are solely intended for fud or just purely a negative news that had just been discovered.
This will depend on how the community would react to it but since it do mention or talks about ponzi scheme then its a negative one and with this very speculative market,any negative news can potentially give some impact.

Little_king

copper member

Activity: 224

Merit: 0

I don't know or have much to say as every day by day the scammer are working hard to get new customer and people still wake up and fall to the trap because they are greed and looking for fast way to get the money they never work for and end up loosing everything they got.

China is the leader in scam but they will never say or call their names and Nigeria that don't know or never eve got $1million dollar scam will be in their list , just like that tron CEO did the last time when his coin was used to scam people in China and using Nigeria a the head .

CryptoIyke

copper member

Activity: 308

Merit: 1

I am seeing another of such program known as cloud token, One should know that such projects that bring those huge earnings with a guaranteed income often do that have sustainable plan for a long time, When I see any project that promises a fixed roi, bitconnect comes to mind.

carter34

member

Activity: 1302

Merit: 25

Surprisingly, this you think might cause fud to bitcoin might even make the coin start rising unexplainably for now. Bitcoin is not really controlled by fud, I think because it is decentralized and not tied to anything in particular unlike fiat that economic decisions can affect it.

MOProgress

full member

Activity: 868

Merit: 116

Quote from: Tallos on August 19, 2019, 10:35:00 AM

Quote from: MOProgress on August 19, 2019, 10:31:06 AM

While the market is trying to recover from its last week drop, another news that may caused FOMO has surfaced, this very news is talking about how the $3 billion Chinese ponzi scheme move $240 million worth of cryptocurrency.

Full story here: https://www.cryptoinformers.info/news/10370-chinese-ponzi-scheme-plustoken-suspiciously-moved-240-million

But is it that some people are only using it cause panic or what?

I think that you do not know what FOMO means.
FOMO = fear of missing out.
Instead of FOMO you wanted to say that this news could cause FUD, right?
FUD= fear, uncertainty and doubt.

Thanks for the correction, I think I own 1 Facebook Libra Coin

Tallos

member

Activity: 182

Merit: 10

Quote from: MOProgress on August 19, 2019, 10:31:06 AM

While the market is trying to recover from its last week drop, another news that may caused FOMO has surfaced, this very news is talking about how the $3 billion Chinese ponzi scheme move $240 million worth of cryptocurrency.

Full story here: https://www.cryptoinformers.info/news/10370-chinese-ponzi-scheme-plustoken-suspiciously-moved-240-million

But is it that some people are only using it cause panic or what?

I think that you do not know what FOMO means.
FOMO = fear of missing out.
Instead of FOMO you wanted to say that this news could cause FUD, right?
FUD= fear, uncertainty and doubt.

MOProgress

full member

Activity: 868

Merit: 116

While the market is trying to recover from its last week drop, another news that may caused FUD has surfaced, this very news is talking about how the $3 billion Chinese ponzi scheme move $240 million worth of cryptocurrency.

Full story here: https://www.cryptoinformers.info/news/10370-chinese-ponzi-scheme-plustoken-suspiciously-moved-240-million

But is it that some people are only using it cause panic or what?

Topic: FUD! Chinese Ponzi Scheme, PlusToken Suspiciously Moved $240 Million! (Read 136 times)