Don't Get Rekt in This Bull Run: Remember the 2017 "Earn" Scams?

Just say this ad being promoted while scrolling on Reddit. Seriously?!? Again?

With Bitcoin pumping like a 12-cylinder lambo on NOS, it's natural to get greedy. We've all been there, staring at that green dildo and thinking, "There's gotta be a way to squeeze some extra sats out of this rocketing orange peel."

But before you ape into the latest "earn" or "lend" platform promising double-digit APYs, remember the fate of your 2017 brethren who were seduced by similar sirens.

Celsius Network, anyone? They were promising 25% returns on BTC deposits, all the way up until they filed for bankruptcy last June, leaving thousands of hodlers with nothing but a big, fat, frozen middle finger. And let's not forget FTX, who were offering up to 8% on BTC lending. They, too, went tits up a few months later, taking a sizable chunk of their users' coins with them.

These weren't just some shady fly-by-night operations. These were seemingly reputable platforms that got hyped by big influencers and backed by even bigger VC money. Yet, when the market inevitably turned south, they crumbled like overleveraged sandcastles.

So, what's the lesson here?

Not your keys, not your coins.

If you're not the one holding the private keys, you don't really own your Bitcoin. You're just trusting some stranger with your financial future, and history shows that's a recipe for disaster.

Sure, the potential returns from these "earn" platforms might be tempting. But is it worth risking your entire stack on a promise that could vanish overnight? Remember, there's no such thing as free sats. If someone is offering you sky-high returns on your Bitcoin, they're probably doing something shady to make it happen.

So, please please please please x 21M, let's keep our wits about us in this bull run. Don't get blinded by greed and fall for the same scams that snagged so many in 2017. Remember, the safest place for your Bitcoin is always your own cold wallet.

Stay frosty, stack sats, and hodl on tight.