If you're looking at that tasty red dip in the market and foaming at the mouth like me, you're a fuckin chad. Because you know that getting these dips is a rare but important occasion. It's time to pick up all of those projects you missed at a discount price. When the market goes back up, your portfolio goes to the sky.
But we must stop and give a prayer for all the noobs who got rekt by a disingenuous writer today. Apparently this so-called finance writer irresponsibly reported that bitcoin allowed a double spend on its network.
Upon further research, it was found that the double spend was just the writer not knowing what the fuck he was talking about. Someone (probably the writer) sent BTC to two places. Before the network, which is admittedly and purposefully slow, had a chance to reject one transaction and verify the other, the dumb writer had already written that bitcoin allowed the same coin to go in two separate directions. He hit the publish button, and his network put it out to the world.
Only one thing wrong though - the double spend was false.
Noobs didn't know this, though. The term "double spend" spiked on Google, and the market took an atomic dump on itself. BTC briefly dumped below the revered $30k support line (before it was quickly bought up by institutions with people obviously smarter than the dummies who sold).
If you're a noob, reverse course right now. You should be buying, not selling. There's nothing wrong with bitcoin. The double spend didn't happen. These were words from the mouth of an overzealous idiot who was trying to help his career by taking down the biggest innovation in money since...well, since money.
But all he did was send all the noobs who bought BTC above $40k running for the hills and put more power in the hands of centralized institutions who will continue to destroy the lives of those noobs through inflation, taxes, unfair fees, regulatory capitulation and unethical custodianship practices. Congratulations, idiot. You wanted a raise, and you ended up destroying some people just because they didn't know not to trust you. The worst part is these people don't even know they're destroyed. They probably think they dodged a bullet.
If I were this guy, I'd get some extra security around my house. Because when some of these noobs find out this guy was dead wrong, and BTC is sitting at $50k, they're not going to be too happy about it.
This is crypto, people. DYOR. And HOLD. If you can just chill out and do nothing while other people are acting like retards, you'll get rich. Simple as that.
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YOUR GUIDE TO MAKING MONEY IN CRYPTO STARTS HERE ---> Making Money in Crypto Part 1
Always remember:
Burgerswap Bridge will steal your crypto
Deus.Finance is led by a psychotic wannabe despot
AllianceBlock is a shit project
All algorithmic stablecoins (Basis Cash, Mithril, Empty Set Dollar) are a SCAM
Don’t get your bitcoin from PayPal
Trade on BSC, not Ethereum
Ivan on Tech, Elliotrades and Bitboy are complete liars, and
If you are always losing money trading crypto, read here.
Gems I'm investing in:
