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Social media platforms have become breeding grounds for cryptocurrency scams, with scammers creating fake accounts that closely mimic well-known exchanges or celebrities. Below is a reminder from the real Vitalik Buterin, warning users about the thousands of fake profiles out there pretending to be him.

These malicious parties try to dupe and scam users by mimicking or spoofing well-known accounts. Here are some steps to protect yourself from social media account spoofing.
Check for verification signs: Look for blue check marks or verification symbols on profiles. However, be aware that these can be faked or bought. Check the handle: The handles are usually a giveaway for fake profiles. Savvy scammers will try to keep the names as similar to the original ones as possible. For example, “@Vita1ikButerin” instead of “@VitalikButerin”.Scroll: Scroll through the profile and try to see some historical posts. This should give you an idea about the profile’s authenticity.
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Should you buy Bitcoin before the halving?
It's a tempting question, with Bitcoin's price historically rising around halvings. But remember, crypto is volatile! Here's a quick breakdown:
Potential upsides:
Reduced supply: Halvings cut new Bitcoin in half, potentially increasing demand and price.
Stronger network: Bitcoin's tech and security are maturing, attracting more investors.
Long-term potential: Bitcoin is still young, with room for significant growth.
Potential downsides:
Unpredictable market: Past performance doesn't guarantee future gains. Bitcoin could drop.
Already priced in: Some say the halving's impact is already factored into the price.
Other options exist: Diversifying across asset classes can mitigate risk.
Ultimately, it's your call. Weigh the risks and rewards carefully, and base your decision on your own financial situation and risk tolerance. Remember, only invest what you can afford to lose!
P.S. Do your own research before investing in any asset, including Bitcoin.
#bitcoin #binance #BitcoinHalvingEvent #DYOR。

- Despite the recent fluctuations in Bitcoin prices, there has been an overall positive trend since the beginning of 2023.
- According to analyst PlanB and the Stock-to-Flow (S2F) model, Bitcoin is anticipated to achieve a market cap of $5.5 trillion with a per-coin price of $532,000, representing a significant increase from its current value.
- It's worth noting that while the S2F model has made some accurate predictions, it has also been inaccurate in the past, such as the $135,000 Bitcoin price projection for late 2021.

Despite the ongoing volatility in its price, Bitcoin (BTC) has demonstrated a robust bullish trend over the long term, initiating from the start of 2023. The flagship cryptocurrency surged beyond $30,000 and later $40,000, currently undergoing fluctuations under the $45,000 mark.
This upward trajectory in Bitcoin's price has reignited interest in the controversial Stock to Flow (S2F) model and its creator, PlanB, who remains an anonymous analyst. The S2F model, introduced in March 2019, revolves around Bitcoin's scarcity. It predicts future BTC prices by considering the existing circulation of BTC and the rate at which new coins are mined every 10 minutes. Essentially, a higher S2F ratio indicates increased scarcity and value for Bitcoin.
However, critics argue that Bitcoin's price isn't solely governed by a logical system, with factors such as investor sentiment, greed, and macroeconomic elements influencing it.
PlanB recently shared a new perspective on the S2F model, suggesting that Bitcoin will enter a new phase post the 2024 halving event. This transition is expected to boost Bitcoin's S2F ratio to 121, resulting in a market value of $5.5 trillion. In this outlook, PlanB predicts a staggering $532,000 per BTC, over ten times its current value.
It's noteworthy that when PlanB first introduced the S2F model in 2019, Bitcoin was trading at $4,000. Despite skepticism, his prediction of Bitcoin reaching $55,000 was surpassed in November 2021 when BTC hit $65,000.
However, the accuracy of the S2F model remains questionable. It failed to meet its projection of Bitcoin reaching $135,000 by the end of 2021, and criticism, including mockery from figures like Vitalik Buterin, has surrounded it. Buterin emphasized the dangers of financial models offering a false sense of certainty.
As Bitcoin continues its unpredictable journey, investors remain determined, recognizing the volatile nature of cryptocurrencies and the need for thorough research in making financial decisions. The information provided here aims to be accurate and current, but readers are advised to conduct independent research due to the volatile nature of the cryptocurrency market.

#BitcoinHalving #BitcoinHalvingEvent #btchalving2024 #halving #cryptocurrency
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