Many people have traded cryptocurrencies for years, and the scariest thing is to hear that phone call!
"Hello, this is XX Public Security, please cooperate and understand the situation related to virtual currency transactions."
At that moment, your heart races, your palms sweat, and you don't know where the problem lies.
In fact, most of the time there's no need to panic; as long as you clarify the correct responses to three key questions in advance, you can generally get through safely.
1. When asked: "Is virtual currency trading illegal?" — Don't answer randomly; first clarify!
This kind of question is the easiest to panic over, but the key is: virtual currency trading ≠ illegal, only the risks are self-borne.
In other words, buying and selling cryptocurrencies is not illegal, but if disputes arise, such as being scammed, experiencing a sudden loss, or making a wrong transfer, the law will not help you recover losses.
Remember this sentence:
"Not illegal, but not protected."
Don't panic, don't misrecognize; maintaining a calm attitude is the most important.
2. When asked: "Why do you want to refund the fraudulent funds?" — Attitude determines the outcome!
Upon hearing the words "refund," many people immediately get upset; in fact, this is not a punishment, but a kind of unfreezing procedure.
Typically, the amount can be negotiated; the better your communication attitude, the easier it will be to unfreeze quickly.
The focus is not on the money, but on convincing the police that you are not involved in the scam.
Remember — refusing to communicate will only complicate matters; clarify everything before taking action.
3. When asked: "Will not cooperating leave a record, freeze other cards?" — It depends on the level!
The facts are simple:
As long as you actively cooperate, submit materials, and prove the source of funds is legitimate, the police generally will not punish you, nor will it affect other bank cards.
But you need to distinguish:
Level 1 involved card → Will trigger the central bank's linked freeze; all accounts under the name may be affected;
Level 2 involved card → Usually only freezes a single card, other accounts are not affected.
Don't forget: freezing ≠ leaving a record.
As long as you are not a suspect, you will not have a bad record.
Finally, a reminder:
Virtual currency trading seems free, but it is actually a high-risk gray area.
Regardless of the amount, you must verify the other party's identity, account, and wallet source.
Money from unknown sources should not be touched; that is the best safety.
Once involved in fraud or gambling, even if you are innocent, you may get dragged down.
In the cryptocurrency world, what can save your life is not luck — it is vigilance and clarity.
2023—2024, my funding has officially reached a new level.
Now it’s common to stay in hotels costing two to three thousand a night. Choosing to trade cryptocurrencies is not speculation, but rather because it is pure enough—relying solely on understanding and execution, not connections.
The biggest realization over the years can be summed up in one sentence:
Mindset is always more important than skill.
BTC is the market's barometer.
When it rises, sentiment warms up across the board;
when it falls, altcoins collectively come under pressure.
Remember: BTC and USDT naturally hedge against each other; when BTC strengthens, it actually becomes an opportunity to gradually return to stablecoins.
Timing is key:
From 0–1 AM, volatility is highest, suitable for placing orders without having to stare at the screen;
From 6–8 AM, it sets the tone for the whole day; early rises should guard against pullbacks, early falls should look for rebounds;
After 5 PM, the U.S. market starts, and trends often form here.
Don’t panic during volume corrections.
As long as it’s not a junk coin, time will provide the answer.
The essence of spot trading is holding on.
Patience is the rarest ability in the crypto world.
What the market ultimately rewards is not the smartest people,
but those who can follow discipline and rhythm.
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Iron Rules for Survival in the Cryptocurrency World (Concise Practical Version)
1️⃣ Be brave to wait for strong coin pullbacks
After a consecutive decline for 7–9 days at high positions, it often becomes a window for funds to re-enter the market, which most people cannot endure.
2️⃣ Reduce positions on consecutive rises
After a two-day consecutive rise, take some profit first.
Making money relies on taking profits, not on fantasies.
3️⃣ Don't rush on the second day after a big surge
A strong bullish day on the first day often leads to further highs on the second day, but chasing in can lead to losses; be patient and observe the structure.
4️⃣ True bulls are not afraid of pullbacks
Core targets are never chased at the peak; only wait for pullback confirmation.
5️⃣ Sideways = opportunity cost
If there’s no direction after 3 days of fluctuation, and still no progress after watching for another 3 days, decisively switch.
6️⃣ If the cost cannot be regained, just leave
If it cannot return to the previous day's cost on the second day, it indicates a flawed logic; don’t stubbornly hold on.
7️⃣ There are patterns in the rhythm
Common patterns: three rises → five surges → seven realizations.
Buy low on the third day, look for selling points on the fifth day.
8️⃣ Volume-price priority is the highest
Increased volume at low levels is an opportunity; increased volume at high levels without price rise is a dangerous signal.
9️⃣ Only trade within trends
Short-term looks at 5 days, medium-term at 30 days, and major upward trends at 80 days.
If it’s not in the trend, don’t touch it even if it’s cheap.
Eight Years in the Cryptocurrency World: I Turned 50,000 into 5 Million with a 'Slow Approach'
In the winter of 2016, I entered the cryptocurrency world with 50,000 yuan, when Bitcoin was only 4,000 yuan. At that time, I knew nothing — chasing highs and selling lows, going all in, fantasizing about getting rich, and as a result, my account was halved in three months. During the Spring Festival of 2018, while staring at the liquidation screen on the high-speed train, I finally realized: those who can win in the crypto world are never the ones who run fast, but the ones who can endure.
One, two opportunities a year, enough to eat enough
I set a strict rule: only make moves 2-3 times a year, and spend the rest of the time in cash to cultivate myself.
In April 2019, I rode the wave of BTC from 3,000 to 6,000 dollars; after bottom-fishing in March 2020, I held on until the peak in 2021; at the end of 2022, I ambushed in the bear market, and cashed out in early 2024.