Always verify the GPG keys of:

Sparrow wallet https://keybase.io/craigraw
E946 1833 4C67 4B40

Seedsigner
https://keybase.io/seedsigner
C7EF 7090 0726 0119


PS: never skip verifying the GPG keys

https://m.youtube.com/watch?v=U0I-ImS_r8o&t=402s&pp=ygUQYnRjIHNlc3Npb25zIGdwZw%3D%3D

Why greed is dangerous for your Bitcoin stack if you listen to scammers:

They will tell you things like:

“Don’t spend your Bitcoin. Borrow against it, because the rich never sell their assets.”

This can seriously harm you when dealing with centralized or semi-decentralized lenders.

Centralized lenders:

They can and do fail.

If Bitcoin drops significantly, your collateral may be liquidated, which could trigger a taxable event.

When you try to add more collateral, the platform might be offline or you might already be too late.

Semi-decentralized lenders:

They still rely on centralized components, such as price oracles and liquidators, which require trust.

There may be bugs in the protocol that can be exploited.

This is especially risky if you do not trust governments or the company behind the platform.

Using leverage with Bitcoin through loans, perpetuals, or futures:

This introduces significant financial and psychological stress.

Other common traps:

“Buy my altcoin…”

“Invest in my Bitcoin treasury company”

“Lend your Bitcoin risk-free to earn yield” (there is always risk)

Stay cautious, especially during a bull market.

People who screamed you are lucky because you bought low. Now is your moment to take to buy and wait for a few years. People who bought higher just be patiënt.

Bitcoin priced in gold tells a different picture

A good website to learn about the basics of bitcoin. Also listenable!

https://okbitcoiner.me/guide/#top