NO you would NOT be rich, you'd be Poorer!

How many times have you heard it?

I wish I had bought Bitcoin when it was $1, $100, $1000, etc!

I would be RICH today! If I had bought in 2019, I'd have a MILLION DOLLARS TODAY!!!

Imagine believing ONE man can literally bring down Bitcoin, imagine believing for the 1,078th time that THIS is the true DEATH of Bitcoin!

I'm still new to Bitcoin....I first bought in on December 2020 when the price was around 25,000....so I'm not an expert, I still have NOT experienced to truly BIG 50% or higher dips....but even as a newbie, I GET IT....you HODL, you DCA, you buy the Dips, you remain PATIENT, and you DO NOT Panic Sell!

I never want to hear people say "I wish I would've bought Bitcoin at X Price".....because these are the people that would INSTANTLY SELL the second Bitcoin had a 30% or higher correction!

The implementation of the BSC chain in 2021 will push Decentralized Finance (DeFi) to another upsurge. The total lock-up value of the DeFi protocol once hit 130 billion dollars. The entire currency circle is crazy, and various DeFi protocols have sprung up. , But with the sharp drop in the price of Bitcoin and frequent security incidents, the lock-up volume of the DeFi protocol has begun to show a downward trend.

In the early days, the fixed and lower transaction fees provided by BSC and the developer-friendly operating system provided by BSC attracted a number of DeFi protocols to migrate to the new chain. At the same time, it also attracted a group of challengers who positioned themselves as Uniswap. AMM. Of course, from the current situation, they are just simple forks.

On May 28th, the first autonomous governance AMM BurgerSwap on the BSC chain and the DEX protocol JulSwap were attacked by flash loans one after another. It is worth noting that the code of BurgerSwap and JulSwap are Fork Uniswap, but it seems that they do not fully understand the logic behind Uniswap.

If you don’t fully understand the mathematics behind Uniswap, why imitate it? In order to quickly get the favor of capital? Or are you afraid of missing traffic from hotspots? We couldn't stop the imitation from happening, but we quickly saw the result: BurgerSwap lost $7 million, and $JULB fell more than 95% in a short time.

PeckShield security personnel quickly located BurgerSwap. The reason for the flash loan attack was that the attacker used a reentry attack to call the _update() function before the smart contract normally started the second deposit, and first exchanged 45,453 BURGER.

PeckShield briefly describes the attack process:
1.The attacker borrowed 6,047.13 WBNB flash loans from the PancakeSwap WBNB-BUSDT pool;
2.In BurgerSwap, call the function DemaxPlatform.swapExactTokensForTokens() to convert 6,029 WBNB to 92,677 BURGER;
3.Create counterfeit BURGER-Fake LP on BurgerSwap platform, and issue 100 counterfeit coins and 45,316.6 BURGER;
4.Exchange 100 counterfeit coins into 45,316.6 WBNB;
5.In this step, the attacker attacked the contract through a reentry attack and made another exchange, which was 45,453 BURGER to 4,478.6 WBNB;

The attacker obtained a total of 8,800 WBNB from the above two steps. Then, the attacker exchanged 493 WBNB for 108,700 BURGER in BurgerSwap and returned the flash loan to complete the attack.

"The good ones imitate, the great ones plagiarize."

For the current BurgerSwap and JulSwap, and even other Fork Uniswap agreements, it is too early to talk about surpassing Uniswap.

The DeFi field is an important part of the development of the blockchain field, but it is currently in an era when DeFi protocols are over-issued. As time goes by, those DeFi protocols that focus on safety and care for their feathers can survive.

1. The founding team is non-anonymous
2. ANN sponsors take a long time to register and have a certain merit value
3. ANN logic is relatively complete, and the page is beautiful
4. Social media is complete
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At the same time, everyone can add in at any time, I am very happy to learn from you

I sometimes wonder whether Bitcoin has established a religion.
Those of us who are fixed holders of Bitcoin are believers of Bitcoin.
Those who try to eliminate or replace Bitcoin are heretics or atheists. What is happening now I want to call it a religious war
In this way, Satoshi , the creator of Bitcoin, can be called a god. He changed the order of the world and brought revolution.

First of all, I want to define what a potential project is. I want to divide it into two situations to discuss
1. Technology has potential
2. price has potential
Secondly, I want to define what is an early project
1.Only white paper
2.Is being issued on some IDO platforms
3.Tokens have been issued for a period of time, but the popularity is not high
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Before preparing to invest, I personally think that some aspects can be inquired
1. White paper (understand the main content of the project, including: which sector, total issuance, etc.)
2. Whether there are large-scale institutional investment
3. Have you ever interacted with celebrities on social media?
3. The quality of IDO platform
4. For issued tokens, you can further query the pool depth
5. Get to know the team
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This is me as a newbie who has just learned about cryptocurrency for half a year. The above are some of the contents that I have summarized myself. Here I want to learn from all skilled players. Is there anything I need to learn further? Thank you very much for sharing