Lao Gao explains why he doesn't buy BTC: The possibility of BTC going to zero is not zero! Hackers may hack into your brain to steal your Private Key.

He believes that the value of BTC has been recognized by some countries and institutions as a financial asset with "credit endorsement", but he also warned that BTC may instantly drop to zero, and the volatility and security risks of the BTC market make its risks cannot be ignored. (Synopsis: Lao Gao predicted that the "January and July catastrophe" in 2025 may really happen? What economic crash moments will be hit? (Background supplement: Old looking at the metaverse: will completely change the world!) Cryptocurrency, Non-fungible Token are important for the virtual world) The well-known YouTube channel "Lao Gao and Mr & Mrs Gao" released a member video "Why I Don't Have BTC, and You Shouldn't Have the Real Reason for BTC" yesterday (5), he bluntly said that the value of BTC has gradually been recognized by some countries and institutions, but at the same time reminded investors to carefully consider the timing of get on board, And be wary of hidden risks. BTC's financial asset status is stabilizing, but don't want to speculate and get rich With Trump's victory, Lao Gao believes that the United States has begun to gradually recognize the existence of BTC, although its legal status has not reached the monetary level, but its recognition as a financial asset has gradually stabilized, which constitutes a certain support for its value, but most of the other Virtual Money in the market has not received similar recognition, so the value tends to zero, you need to be extra careful: You don't need to worry about whether BTC is based on air, Or that it's an eyewash, completely worthless, as long as Trump says it's valuable, it's valuable, even if it's just a string of numbers, it can't be spent at all, and it's no problem at all. Although the recognition of BTC has increased greatly, but the old high reminds that in the Virtual Money market, there are far more traps than opportunities, most Newbie investors eventually become the party that is tied up, there are very few cases of real wealth, although BTC has become part of asset allocation, but the purpose of the rich to buy BTC is risk diversification, not speculative wealth, now unless it is through leverage, it is impossible to get rich through BTC: Don't think that BTCrise is good now. You can get rich overnight through BTC, I think you are more likely to earn two or three times, but two or three times it is difficult to get rich, if you want to get rich, you have to be K times or more than 10,000 times. BTC may instantly drop to zero For investors who want to buy BTC, Lao Gao mentioned the risks that holding BTC may face, pointing out that BTC will become a target for hackers, passwords are the core of asset security, and it is necessary to prevent hackers from stealing passwords through technical or social engineering means, he bluntly said that hackers "will hack into your computer without knowing it", and even "the possibility of hacking into your brain is actually there." Lao Gao went on to mention the crisis that BTC may encounter at the technical level, emphasizing that "the possibility of BTC instantly dropping to zero is not completely impossible", although BTC is designed to be secure, it still faces potential threats such as 51% attacks, quantum computing, etc., and may also collapse in value due to global blackouts: In fact, there is no need for large-scale global power outages, because now BTC's Miner is more concentrated in some countries, not scattered in all corners of the world. As long as there is a power outage in these places where Miner is concentrated, because BTC needs huge computing power, there will be a 51% attack problem. That is, where there is no power outage, some big Miners will instantly gain control of BTC, and even do not need to power off, in fact, as long as the network is disconnected, it is more than half of the Miner suddenly disconnected, then there will also be this devastating blow. Another scenario that can cause a 51% attack is Quantum Computing, when someone has more than 51% computing power, it generates a center, its structure collapses, and its value drops to zero in an instant. In addition, Lao Gao also put forward his views on the investment psychology of the BTC market, believing that the high volatility of BTC is suitable for investors with strong psychological tolerance, but for investors who are conservative or unfamiliar with the market, they should carefully consider whether to participate, he pointed out that the value of BTC may soar instantly due to celebrity remarks or fall sharply due to unexpected events, investors need to be fully prepared for this. Lao Gao finally appealed that before investing in BTC or any Virtual Money, you should fully understand the relevant technical principles and legal environment, and make prudent decisions according to your own risk tolerance, virtual assets are not suitable for everyone, investment needs to be rational, do not have a blind follow or gambling mentality, as a highly volatile market, only investors who truly understand and accept its risks can find a place in this field: You can't expect it to rise forever like it is now, when it's time to shoot, Or should it be shot, when it is time to make a profit, or should it be profitable, I think it is difficult to become a family heirloom, let's say how many BTC do you want to pass on to the next generation? I think it's difficult, so if you invest, you still have to consider when to sell, after all, this is called investment. Related reports Michael Saylor announces that all BTCPrivate keys will be destroyed after his death: a contribution to everyone in the world who has BTC JPMorgan: "Devaluation trading" is prevalent, BTC is becoming a more important investment! Last year's 78 billion magnesium inflows into the coin market set a record From $200 to $100,000, 2013 get on board BTC player's memoir 〈Lao Gao explains why not buy BTC: the probability of BTCdrop to zero is not zero! Hackers are afraid to sneak private keys into your brain" This article was first published in BlockTempo "Dynamic Trends - The Most Influential Block Chain News Media".