The "Pie" coin scam in the currency circle: How to

This week has gone by so fast, and 2024 is almost a quarter over. Last night, I called my best friend in Hangzhou. She said that she was cheated. Although the amount was not much, 650 yuan, what made me curious was that she was cheated. I met a man once and said she was ill and needed to buy medicine. I was speechless. Call her stupid. She has a bachelor's degree. Call her smart. Her IQ is off the charts.

Does he have no parents or friends? Do you care if he borrows it? Not when it was finally revealed that he had deceived more than just her, she was still imagining that the man would return the money to her. Is this kind of mentality the same as that of us in the currency circle who always believe that a certain currency will definitely rise? In my opinion, fraudsters are more hateful than murderers. They lack the most basic conscience.

The most famous thing in the currency circle is the coin distribution scam. You heard it right, it is the magical currency under the banner of "free mobile mining". Don't be blinded by its gorgeous appearance, there is a huge trap behind it, which has trapped 50 million "pai family members" and cannot extricate themselves!

Imagine that you can make money with just a few clicks on your mobile phone screen every day. Although this idea is attractive, the reality is cruel. These "Pie family members" seem to have been brainwashed, and their obsession with "Pie" coins is shocking. Even in the face of professional reminders and official warnings, they still insist on going their own way.

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​​The most shocking thing about this scam is that even the government’s mouthpiece CCTV came forward to expose the “Pai” coin scam. CCTV broadcast a relevant topic during the news period, revealing in detail the operation mode and fraud methods of "Pai" currency. However, even so, there are still many "Pai family members" who cannot extricate themselves. They firmly believe that "Pai" coins can bring wealth, and nine cows cannot pull it back.

So, what exactly is a "pie" coin?

To put it simply, it is a virtual currency with the gimmick of “free mining on mobile phones”. It claims that you only need to install an APP on your mobile phone and click a few times a day to mine coins, and then wait for the appreciation in value to make money. Sound tempting? However, anyone with a little bit of common sense in the currency circle knows that this is simply a joke!

First of all, real mining projects require the support of powerful computer computing power. How can it be easily done with a mobile phone? This statement is simply self-deception. Secondly, the market value of "Pai" coin exceeds one trillion? This is even more impossible! A virtual currency that has not even been listed on an exchange, and whose circulation is still in the hands of 50 million "send family members" themselves, where does its value come from? This contradictory statement makes people have to doubt the true purpose of "Pai" coins.

What’s even more frightening is that the withdrawal conditions for “Pai” coins are staggeringly harsh. Users need to keep pulling people to maintain the scene. This pyramid scheme of promotion is horrifying. Moreover, even if you want to withdraw cash from the market, you still need to recruit new talents. This kind of "pull people into backing up" approach makes people sound more and more like the tricks of water ghosts.

Facing this "pie" coin scam, we should keep a clear mind and not be carried away by greed. The virtual currency market is full of risks and uncertainties. Investors should choose carefully and not blindly follow the trend. At the same time, we must also be vigilant and strengthen our awareness of self-prevention to avoid becoming the next target of scammers.

So, how to prevent virtual currency fraud? First of all, we need to understand the basic knowledge of virtual currency, master its operating principles and risk characteristics. Secondly, we must choose a formal and legal trading platform for investment and avoid participating in illegal fund-raising and pyramid schemes. In addition, we must always remain vigilant, not trust the recommendations and temptations of strangers, and not disclose personal information and account passwords at will.

Finally, what I want to say is that investment is risky and you need to be cautious when entering the market. Don't be fooled by those seemingly beautiful dreams of "getting rich". Always keep a clear mind and rational judgment. At the same time, we must also pay attention to the people around us, remind them to stay away from virtual currency fraud, and jointly protect the safety of our property.

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