bttc
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With this wave of cheems, you're going to get rich!
The significant drop in the trade war is definitely due to leveraged positions being liquidated, so it is not yet that time. Increasing tariffs will lead to the bankruptcy of foreign trade companies, which will translate to a stock market crash. Right now, it's just an appetizer; the balloon of leverage hasn't been popped yet. There will definitely be a Black Monday, and the reason will be the comprehensive liquidation of leverage.
BTC will also drop; the long-term myth of it not dropping has led to more and more leveraged long positions, and these are the powder kegs for the decline. Once it crashes and liquidations occur, it will be a chain reaction of drops, with a 30% decline in a single day being very possible.
The next strategy is to set up short positions on junk coins in advance. Currently, I have shorted Layer, ZRO, Cheems, and others, and I'm preparing to buy BTC after the liquidations happen. This wave is going to make me rich.
BTC will also drop; the long-term myth of it not dropping has led to more and more leveraged long positions, and these are the powder kegs for the decline. Once it crashes and liquidations occur, it will be a chain reaction of drops, with a 30% decline in a single day being very possible.
The next strategy is to set up short positions on junk coins in advance. Currently, I have shorted Layer, ZRO, Cheems, and others, and I'm preparing to buy BTC after the liquidations happen. This wave is going to make me rich.
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Give me 3000u, I'll get it back for you, if you can't handle this, what are you doing in blockchain? Go home and hug your son.
USDT transfer lost $36,880: a painful lesson for cryptocurrency!
Beginners must be cautious when getting started, and carelessness can lead to loss
Just today, my friend suffered a loss of $36,880 when transferring USDT. This incident sounded a wake-up call for all cryptocurrency players: in this circle, every step cannot be taken lightly.
Wrong transfer
My friend originally planned to transfer $36,880 USDT from KuCoin to his business partner's OKX wallet. The partner provided an ERC20 network address, and he thought everything was going well.
However, when setting up, he accidentally selected the Polygon network, and he didn't realize it. After one-click confirmation, the money was deducted from the account, but it didn't enter the partner's wallet. Multiple attempts to recover failed because OKX's wallet address does not support deposits on the Polygon network, resulting in the USDT being wasted.
Lessons learned
1. Network mismatch: The target address should have used the ERC20 network, but the funds were transferred to the Polygon network.
2. Unreversible transfers: Unlike bank transfers, cryptocurrency transfers cannot be reversed once confirmed, and mistakes can only be made.
Tips to avoid repeating the same mistakes:
1. Check wallet address: Check the receiving address and designated network carefully, don't be bothered.
2. Ensure network compatibility: Confirm that the selected network is compatible with the recipient's network to avoid mistakes.
3. Before making a large transfer, conduct a small test: first send a small "exploratory" payment, and then make a large transfer after confirming that everything is correct.
Beginners must be cautious when getting started, and carelessness can lead to loss
Just today, my friend suffered a loss of $36,880 when transferring USDT. This incident sounded a wake-up call for all cryptocurrency players: in this circle, every step cannot be taken lightly.
Wrong transfer
My friend originally planned to transfer $36,880 USDT from KuCoin to his business partner's OKX wallet. The partner provided an ERC20 network address, and he thought everything was going well.
However, when setting up, he accidentally selected the Polygon network, and he didn't realize it. After one-click confirmation, the money was deducted from the account, but it didn't enter the partner's wallet. Multiple attempts to recover failed because OKX's wallet address does not support deposits on the Polygon network, resulting in the USDT being wasted.
Lessons learned
1. Network mismatch: The target address should have used the ERC20 network, but the funds were transferred to the Polygon network.
2. Unreversible transfers: Unlike bank transfers, cryptocurrency transfers cannot be reversed once confirmed, and mistakes can only be made.
Tips to avoid repeating the same mistakes:
1. Check wallet address: Check the receiving address and designated network carefully, don't be bothered.
2. Ensure network compatibility: Confirm that the selected network is compatible with the recipient's network to avoid mistakes.
3. Before making a large transfer, conduct a small test: first send a small "exploratory" payment, and then make a large transfer after confirming that everything is correct.
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