What does short selling with Ethereum mean (can Ethereum scams still be speculated on)

08/05/2023 22:44 • Digital Disruptors • 58 views

What does short selling with Ethereum mean? What does short selling with Ethereum mean because it has strong volatility. Ethereum is a highly risky currency, and its price is easily influenced by external factors, which often occurs. Therefore, many investors consider Bitcoin as an investment asset for trading. But when the market plummeted, Ethereum was messed up again. For example, recently a small exchange called “Eth” had a small project, and many people had already run away with it

So, in fact, everyone is familiar with Ethereum shorting. If someone thinks it is just a joke, it can also be understood in this way. However, due to the current situation where the price of Ethereum is falling and it is relatively easy to skyrocket, a large amount of funds will be sold, leading many people to choose not to sell or close their positions

Is it still possible to speculate on the Ethereum scam

Ethereum is the top ten Cryptocurrency in terms of market value at present, and other tokens besides Bitcoin are also of great concern. According to Coindesk, more than 100 blockchain companies’ websites related to Ethereum have been closed or suspended since this year. However, the security of such platforms has not been fully guaranteed: transaction platforms such as Binance and Huabi have been affected and have stopped supporting Ethereum

Although there have been some scams and fraud projects in Ethereum recently, some people will continue to use this emerging industry for investment. These fraudsters usually use various factors in the Ethereum ecosystem to attract people to participate

Let’s take a look at the role played by the organizations that are conducting this type of fraud and the technicians behind them from three perspectives:

1. The fake development team regards Ethereum as one of its core products 2. Counterfeit products and services will be paid to users without their knowledge 3. Fictitious investment plans may cause losses to investors.

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