What does it mean to cut leeks in currency circles?

"Cutting leeks" in the currency circle refers to the act of extracting funds from investors through market manipulation or unethical means. Identification techniques include: sharp rises and falls, false promises, emotional manipulation, celebrity endorsements, and robot trading. Common techniques include pulling and shipping, Ponzi schemes, washouts, and insider trading. Ways to avoid being cut off: do your due diligence, invest prudently, stay calm, don’t chase the ups and downs, and seek professional advice.

Cutting leeks in currency circles

What is leeks cutting in currency circles?

In the field of digital currency, "cutting leeks" refers to the act of extracting funds from other investors by creating market manipulation or using unethical means.

How to identify the behavior of cutting leeks?

• Sharp rise and fall: The price has no obvious support or resistance level, and there is a sharp rise or fall.
• False promises: Promise high returns or claim to have exclusive information.
• Emotional Manipulation: Create emotions of fear or greed and exploit investors’ psychological weaknesses.
• Celebrity Endorsement: Use celebrity influence to endorse projects, but often lack substance.
• Robot Trading: Automated trading systems take advantage of market fluctuations to make quick profits, harming the interests of retail investors.

Common techniques for cutting leeks:

• Pulling and shipping: Manipulators buy a large amount of tokens, raise the price, and then sell them at a high price to make a profit.
• Ponzi Scheme: Early investors use new investors’ money to pay for early returns, creating a bubble of false prosperity.
• Wash: Create market fluctuations through frequent trading, causing retail investors to fall into panic selling or impulsive buying.
• Insider Trading: Use non-public information to manipulate the market and gain unfair advantages.

How to avoid being cut?

• Due Diligence: Study the project carefully, understand the team and technology.
• Invest carefully: Don’t invest more money than you can afford to lose.
• Keep calm: Not affected by market sentiment, analyze investment decisions rationally.
• Don’t chase the rise and kill the fall: Avoid impulsive operations when the market fluctuates.
• Seek professional advice: If necessary, consult a financial advisor or an experienced trader.

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