Explainer: Why can’t on-chain transfers be reversed?
There’s no chargeback mechanism on the blockchain like there is at a bank. If you send assets to the wrong address, you can only get them back if the recipient willingly returns them. If they don’t cooperate, there’s basically nothing else you can do.
Back to the market: $BTC , current price 73600 (24h -1.54%).
Keep your position size within your means and leave yourself plenty of room.
#BTC
I often get it wrong too, so make your own judgment.
There’s no chargeback mechanism on the blockchain like there is at a bank. If you send assets to the wrong address, you can only get them back if the recipient willingly returns them. If they don’t cooperate, there’s basically nothing else you can do.
Back to the market: $BTC , current price 73600 (24h -1.54%).
Keep your position size within your means and leave yourself plenty of room.
#BTC
I often get it wrong too, so make your own judgment.