Fouad Belkheir

Examples of scams in the cryptocurrency world are emerging one after another. Recently, the sentiment is not good, and it is essential to protect your money. You must have a thorough understanding of any cryptocurrency.

Let me give you an example:

"Second Uncle Coin" is a typical case of quickly harvesting retail investors by leveraging hype. It went from launch to collapse in just three days, setting the record for the fastest collapse in cryptocurrency history. The specific process is as follows:

1. Capitalizing on momentum to raise funds: In July 2022, the video "Back to the Village for Three Days, Second Uncle Cured My Mental Exhaustion" went viral. On the 28th of that month, Twitter user "second uncle dao" claimed they would issue "Second Uncle Coin" and stated that all funds in the marketing wallet would be used to ensure Second Uncle's retirement, attracting a large number of investors with the public's empathy for Second Uncle.

2. Short-term surge enticing retail investors: After the token was launched, it was quickly hyped by the market, with its price increasing over 100 times in a short period. This astonishing surge caused many investors to lose their rationality and rush to enter the market, hoping to make substantial profits.

3. Rapid collapse and running away with funds: Just as investors were fervent, the price of "Second Uncle Coin" plummeted by 99.7% in just two days. Security experts monitored that the contract deployer had already laundered the illicit funds through relevant channels, involving an amount of up to 1.3 million dollars. After the collapse of "Second Uncle Coin," other trending coins such as "Big Uncle Coin" and "Second Aunt Coin" emerged, continuing this harvesting routine.
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In December 2017, on a smoggy day. Xiao Lin was in his cubicle at SOHO, staring at the Binance candlestick chart, nervously investing all of his recently received 13th-month salary into Bitcoin Cash (BCH) at the price of $2700. He firmly believed every word from Roger, the 'true heir of Satoshi Nakamoto'.
Three days later, BCH was publicly criticized by the Bitcoin Core camp, and its price plummeted from $3500 to $900. With red eyes, Xiao Lin increased his position, borrowing from Huabei, Bai Tiao, and his credit card, accumulating 420,000 to continue all-in. On December 22, BCH crashed to $1100, and the day he was liquidated was coincidentally the company’s annual meeting. While colleagues were wailing in the KTV, he squatted in a bathroom stall, watching his account go to zero, vomiting all over the floor.
In 2020, he moved into a shared apartment, earning a monthly salary of 8000, and fixedly bought 200 yuan worth of BTC each month, never looking at the candlestick charts. In the 2024 bull market, Bitcoin reached $100,000, and that 200-yuan regular investment turned into over 900,000. He didn’t sell; he only took out 150,000 to buy a small two-bedroom apartment in his hometown in cash.
This time, he only said one warning:
'The crypto world is not a casino; it is a mirror — it reflects how greedy, foolish, and fragile you truly are. Those who survive are never the smartest; they are the ones who first realize how foolish they are.'
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The debate between Gold and Bitcoin has never been louder.
Gold remains the timeless anchor of stability ✨ — trusted by nations, steady in crises, and proven across centuries. Its strength is reliability.

Bitcoin, meanwhile, represents the rise of a digital financial era 🚀 — scarce by design, borderless, fast, and powered by global adoption. Its strength is innovation.

One carries legacy.
The other carries momentum.

And truthfully, both deserve respect in a modern portfolio.
But if my perspective tilts even slightly, it leans toward Bitcoin — not because gold is fading, but because Bitcoin aligns with where technology, value, and global markets are moving next.

The future will reveal which one leads… or whether both rise together.

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