UTOKEN is a digital currency which was founded in Asia barely a year ago and has been accepted as a medium of exchange in some nations worldwide, just like other crypto-currencies.
Based on the Utoken statistical graph, it keeps on rising in value, never falling at any point, unlike any other form of currencies, which naturally fluctuate, based on the forces of demand and supply.
The fact that it keeps on going up spells some disaster in waiting, some kind of human manipulation. But for how long?
Manipulated by some powers who are trying to cause false hopes to the potential investors to invest more and get hooked, only to wake up one day to the surprising news of UTOKEN value falling to the floor.
Leaving the investors in total disbelief of massive losses as they struggle to sell off their utoken stock at any realizable value at the rate set by the powers who created the Utoken. Who will have won?
My advice to the investors interested in Utokens is that, they should not be greedy and blinded by the uncertain future gains, but invest wisely.
This reminds me of the local scam that happened to some of my friends in Kenya some years ago. It all started with the stranger offering to buy all the monkeys in the area (thus putting some price to the rare but worthless wild animals)
When people had hunted down, captured and sold off all the monkeys available in the area, at the price which kept on rising each week, to the stranger who claimed to be working with the ministry of wildlife, it was his turn to play his part.
Through another representative, he approached the greedy unsuspecting people, telling them to acquire more monkeys, for his boss had travelled abroad but when he would return, he would be offering a higher buying price double the initial. He further advised the community to invest in the opportunity that was promising, and if they had any problem obtaining the monkeys to breed, he was offering them some of the monkeys he had reserved for the future promising gains.
The convinced villagers interested in the new offer turned up in large numbers and bought all the monkeys that were in stock at a price higher than the one they sold the monkeys, believing that the ‘man from the ministry of wildlife’ will turn up to buy the monkeys, hence making massive profits off it.
It is so early to draw any conclusions now, but so far as things stand now, I smell something fishy about the utoken investment, for I find it to have a lot of features in common with the monkey business scam story I just shared.
Don’t you see the similarity about utoken idea and that of this monkey business scam that left some people in Kenya poorer than earlier keeping the worthless animals, patiently waiting in vain for the stranger to come calling for the monkeys for sale?
The fact is that, the victims never realized that the stranger was selling them the very monkeys they had sold him, only that they were buying at a higher price. (The trick of creating false value in an item, attracting more demand, hooking the investors; then bolt off with the funds when the targeted goals are realized, by collapsing the rate)
There are thousands of legit opportunities online worth investing in, but I am yet to consider recommending utoken as one of them.
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What is your opinion about this comparison?