The Four Worst Ways To Attack Bitcoin
Oh, dear. It’s become quite the craze these days to try and attack Bitcoin. Quite understandable when you realize how much money is involved, but what these cunning fools don’t understand is that it’s not as easy as it looks. Instead of achieving anything, they end up in a situation far worse than what they’d bargained for. Here’s a list of the four absolute worst ways to attack Bitcoin.
1. Trying to Short the Market
One of the worst strategies out there is shorting the Bitcoin market. This means betting that the price of BTC will go down. It may seem like a good idea in theory – get yourself some coins on the cheap, right? Well guess again, as this isn’t how it works. BTC has proven itself to be quite resilient over the years, with it bouncing back whenever it takes a dip. So don’t even think about it.
2. Buying a Piece of Malware to Steal Bitcoins
This one is both funny and sad. It’s funny because the wise fools who buy these pieces of malware think that it will be an easy way for them to get their hands on other people’s coins. Well, what usually ends up happening is that their BTC wallets get hacked, so the coins end up going straight to the hackers instead! So don’t even bother trying this one.
3. Launching a Network Attack
Ah, yes. What better way to take out Bitcoin than to launch an attack on its very core – the network? It may seem like a good plan at first, but it rarely works since the network is so resilient and secure. In addition, any serious attacks are quickly spotted and shut down, so don’t even think about attempting it.
4. Spreading FUD
Lastly, it’s time for the old classic – spreading FUD (Fear, Uncertainty, and Doubt). This one is quite popular these days, with people trying to spread false negative information about Bitcoin in order to drive down its price. Unfortunately, this rarely works since it’s so easy to spot and counter, so it’s not worth the effort.
So there you have it – the four worst ways to attack Bitcoin. As you can see, all of them are ineffective and can only end up making your situation worse. So if you want to make money with BTC, do it the right way – and not by trying any of these methods.
