Plus Token Now Moving BTC, ETH & EOS

[BTC Future 3946]

In a previous post, I notified the forum about Plus Token Ponzi Scheme moving hundreds of millions of XRP. We remember the effect Plus Token has when they move the funds they extracted from their investors. These coins end up in exchanges and liquidate them using OTC desks some exchanges offer. They sell over-the-counter at really low prices and the ones that buy these token dump them on the spot exchange and take profits. 

Recently Plus Token has on the move all the rest cryptocurrencies they still hold.

This includes:

• 22K BTC :
• 800,000 EThereum
• 26 million EOS

(click the links for more information).

 

The 22K Bitcoin are the last Bitcoins of a huge stack they had amassed which reached close to 200,000BTC when the ponzi collapsed in the summer of 2019. Their Ethereum total stack was reported to be in millions, although I'm not quite sure how many it was in total. I haven't found a valid report.
So add the 285million XRP too and we can certainly say that prices are already moving down for this reason.

There might be a chance that all this selling pressure will be absorbed by the market, but judging from last times Plus Token sold, and price action lately, it might be expected for another two or three months of market volatility with prices going down.

 

Edited June 26, 2020 by BTC Future

[Moaz 7239]

Yes, that's right. Most of the cryptocurrency prices have decreased significantly in the recent period, and the crypto market movement is moving down. Moving these important cryptocurrencies like Bitcoin and Ethereum may be one of the reasons that led to the decrease in prices.

[magd 5231]

I don't know what to do, in fact, I am at a loss in this regard because the prices are falling and even the bitcoin has fallen dramatically and the price has not risen as expected after half and the presence of many fraud projects makes me worried about the new symbols

[DiamondBit 720]

On 6/26/2020 at 9:57 AM, Moaz said:

Yes, that's right. Most of the cryptocurrency prices have decreased significantly in the recent period, and the crypto market movement is moving down. Moving these important cryptocurrencies like Bitcoin and Ethereum may be one of the reasons that led to the decrease in prices.

You are not wrong, even as of yesterday, btc was at $8990 and now showing support at $9000 but we still do not know if the support will be enough. But coins are fallen in price recently. 

[BTC Future 3946]

4 hours ago, iloveyobit said:

Do you mean that the currency will continue to fall? This is an unfortunate thing that happens to those who store this currency, and this type of project is unfortunately failed.

Price was 9300 when I posted this, it has already fallen. I don't know if it will keep falling or if the market absorbs this. One thing is certain that Plus Token wants to sell their crypto. In the past this had implications in price as well.

Edited June 28, 2020 by BTC Future

[Honny143 13612]

Now a time crypto currency not doing well including bitcoin and other altcoins loss their prices, in this situation this type huge transaction means they want decrease crypto currency prices are pump up I don't no, but without any reason this type huge transaction not made so lets wait and see what's happen next in crypto market

[BTC Future 3946]

6 hours ago, MarsDota2 said:

The price of Bitcoin now already reached $10,000 and still increasing so there are no doubt that it will be having a high price on the future so we can trust our investment in Bitcoin so that we can earn a lot on the future.

It seems that the halvening has a real influence. Price may make a real move if it breaks above 10k. I am impressed all this time as before the halvening we would have dipped already. I don't know what to say, I just long bitcoin for the time being.

[BTC Future 3946]

On 7/25/2020 at 5:08 PM, ndadukun12 said:

Ponzi scheme don't last and that is because people don't want to work and only want to earn free money.

Not only they do not last and collapse, but always the masterminds behind them are arrested. And they spend their final days in jail, bad health, and their families hunted by their victims.

Read about Charles Ponzi, Benny Maddhoff, the Bitconnect masterminds in India, Onecoin and Konstantin Ignatov and Ruja Ignatova. These scammers are all arrested or into hiding. What they accomplished was destroy other people lives but also destroy theirs as well. These PlusToken scammers are now going to spend their entire life in jail as well. 

Edited August 18, 2020 by BTC Future

[Raqeebzy 6456]

At the end of scam exits in cryptocurrency, not only the investors are affected but the whole market as a whole even in their slightest. I am not in any way feeling bad for those involved in this Ponzi but I still wish they got back what they lost, some of them might learn from this so they stop putting the market into chaos. 

[BTC Future 3946]

On 8/20/2020 at 4:43 PM, Raqeebzy said:

I still wish they got back what they lost, some of them might learn from this so they stop putting the market into chaos. 

I hope so too. From what I've found out Ponzi leaders are almost always caught or go into hiding. Usually they have no plan how to escape after exit-scamming. They are known and concerning the major crypto ponzi's they are almost all in jail currently. So what did they gain? Their stolen fortunes will get confiscated and at best they can tip the authorities on other criminal activities they know about and make a deal. They will then live the rest of their lives in fear of reprisal. Seriously all criminals are not thinking this through when they begin.

[CryptoDemon 370]

On 6/26/2020 at 4:02 PM, BTC Future said:

In a previous post, I notified the forum about Plus Token Ponzi Scheme moving hundreds of millions of XRP. We remember the effect Plus Token has when they move the funds they extracted from their investors. These coins end up in exchanges and liquidate them using OTC desks some exchanges offer. They sell over-the-counter at really low prices and the ones that buy these token dump them on the spot exchange and take profits. 

Recently Plus Token has on the move all the rest cryptocurrencies they still hold.

This includes:

• 22K BTC :
• 800,000 EThereum
• 26 million EOS

(click the links for more information).

 

The 22K Bitcoin are the last Bitcoins of a huge stack they had amassed which reached close to 200,000BTC when the ponzi collapsed in the summer of 2019. Their Ethereum total stack was reported to be in millions, although I'm not quite sure how many it was in total. I haven't found a valid report.
So add the 285million XRP too and we can certainly say that prices are already moving down for this reason.

There might be a chance that all this selling pressure will be absorbed by the market, but judging from last times Plus Token sold, and price action lately, it might be expected for another two or three months of market volatility with prices going down.

 

The price or value of each crypto currency is really moving but it is natural so we don't need to be worried. Even if the value goes down for a thousand, it will re grow and might multiplied by two.

[Mwangi 5611]

For the first time I have heard of this token and looking at google this token is really well define in its own point. I thank this forum because this is how we get to understand such kind of information so am going to google all the information we have on here. it was such a huge project, worth 40 Billion Yuan and that is a lot its around 5 Billion dollars and this was a Chinese Citizen who since has been arrested 

[Raqeebzy 6456]

9 hours ago, BTC Future said:

They will then live the rest of their lives in fear of reprisal. Seriously all criminals are not thinking this through when they begin

Perfect crimes and scam exit exists only in movies like the popular 'Money Heist' 😄 ; especially in cryptocurrency. Most of the scams are mastermind by amateurs with zero creativity, what plan do you expect from those?. A lot of them are less smart to 70% of their victims, that is why I am surprised of the volume of people who falls into the same pitfalls all over again. I feel we can still say it is all greed.

[malik6314193 5449]

I am agree with you when some huge holder of any coin sell its coins in market then it lead to market down. As you are saying i also think that price will go down. 

[rekter 8129]

They got caught already https://news.bitcoin.com/chinese-police-take-down-6-billion-plustoken-ponzi-arrest-109-people/ 

 

Not sure what happens to funds. Either they will give them back or they can always just say that this was an illegal sale, confiscate the funds and auction them otc.

[CryptoDemon 370]

10 hours ago, Moneyguru said:

Plus token will not dump BTC, because they is a criminal, and every exchanges will not let them sell the huge amount of BTC in their exchanges such as binance, but even if they can sell it, I'm believe the amount of 22k btc is nothing comapre to BTC daily volume, and BTC MArket Cap, maybe the price will dump a little bit.

Yes, it cannot dump Bitcoin since the Bitcoin is the most powerful crypto currency for the whole.history of crypto currency and it's improvement is unstoppable even if it is still having a problem but we don't need to worry because it is all natural.

[BTC Future 3946]

22 hours ago, rekter said:

They got caught already https://news.bitcoin.com/chinese-police-take-down-6-billion-plustoken-ponzi-arrest-109-people/ 

 

Not sure what happens to funds. Either they will give them back or they can always just say that this was an illegal sale, confiscate the funds and auction them otc.

I know. I had made another post about this, but I can't seem to find it now. Probably it was deleted for some uknown reason. Perhaps it was judged to have been duplicate with this one just because it contained a subject on the PlusToken Ponzi scam and someone thought it was the same and reported. There are some people that were very butthurt lately after found out to be cheating and shitposting.

Edited August 23, 2020 by BTC Future

[TimopheyKa 3900]

In fact, it is obvious that the price can't stabilize normally, and we can't get the result we've been dreaming about! In fact, I believe that the cryptocurrency is holding up quite well after the halving. But we must take into account the fact that a certain time must pass, half a year, a year, and then we will notice how halving has affected the entire system as a whole, and this is true, we need time!

[cryptovlek 2597]

10 hours ago, Opli said:

I believe that the best at the moment is the ETH coin, since ETH has a higher transaction speed, plus they will soon have a network update

The Ethereum network upgrade is promising but it is expected to be finished three years later and maybe even more if we look at the many delays. There are some that have doubts and maybe we have to see how this all will go before we are very excited.

[wizdemak 15]

These scammers are all arrested or into hiding. 

[Captain Karim 0]

Plus Token is a fraudulent project that destroyed the market for a long time, during which period they sold 13,000 Bitcoins at once in the market, causing the price to dump massively. Every crypto community will not forgive them for their fraud and market manipulation.

[Shaza Ahmad 1682]

The effects of the Plus Token project will not end soon, the cryptocurrencies that they have are estimated at hundreds of millions of dollars. I previously read in an article that they have more than 15,000 Bitcoins, especially with the spread of decentralized exchange platforms so they can easily launder their money, I hope they will be arrested and punished. .

[Cryptomint 433]

Many are there. They have a lot supply and going up and down. But no one can compare to Ethereum and the cryptocurrencies king.

[Smallingcane012 344]

Plus token now moving that is my great prayer at anytime and it will keep on moving it will not stop if God willing that is my prayer always.

[Sykkuno 2887]

It seems the numbers from this report were off, as we have heard of the Chinese government having seized around 200k BTC along with more altcoins even Doge, maybe these numbers were also off, maybe the Chinese govnerment just made fake news or anything could happen, in fact they should give the addresses so we can validate the truth otherwise everything could be a lie.