In crypto you better verify your source or feel the burn.

So earlier today on the @substratum twitter Huge news was tweeted out that would have shaken the whole cryptosphere.

Being the first ERC-20 token on coinbase would place them on a platform that could not be touched. Everyone was super excited and it really showed in terms of price action on the exchanges.

So the question is, with news like this why would the price take such avicious​s downward spiral so soon after the announcement hit? Usually​ there is a small correction followed by even more buying. That was not the case in this instance and it was for good reason.

They are claiming to have been hacked and that the information tweeted was false. This is ironic, how can we expect them to secure our network if they cant secure their own twitter.

If you go through the Twitter you will find tweet of people who lost money buying into the hype and falling into full blown FOMO. I really like the response​ of the last guy in the ​string.

At the end of the day losing money in crypto is not like losing money in monopoly. There are real ramifications and everyone should be vigilant​ of their investments. Hope this is a lesson learned and something not repeated.

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