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@ MoneRogue
2025-05-10 00:56:52
I translated this note so my 5-year-old nephew can understand it when I teach him about BTC in the future.
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**How People Can Trick You Into Losing Your Bitcoin:**
1. Some big companies and secret groups say, “Hey! Put your Bitcoin in our money app! It’s safe, we promise!”
2. The app gives you regular money to spend, but only if you give them your Bitcoin first. Now, your Bitcoin is kind of stuck, and you owe them.
3. Then, those same groups make up scary news on TV and the internet to make people panic.
4. Everyone starts selling their Bitcoin really fast. The price drops, and the app sells your Bitcoin without asking, just to pay themselves back.
5. After that, those big groups buy the cheap Bitcoin and make it go back up. They win, and you lose.
**In the end:**
* You have no Bitcoin.
* You still owe money.
* You lost your privacy.
* You paid fees.
* You paid interest.
* The idea of using Bitcoin just between friends is gone.
This is why some people think that new apps like this aren’t really helping — they’re just making the old money system come back again, where only big banks win.
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