I just did a quick search on “flash bitcoin” and I couldn’t get anything useful from the results and when I checked YouTube I saw that it was something that I have heard about in the past.

Flash bitcoin is mostly used by scammers to pretend as if they have truly completed a transaction so as to convince their victims into sending them money and I believe that the set of people that will mostly be affected by it are those that don’t know how to confirm their transactions on the blockchain rather they just rely on screenshots from the sender (which I’m sure only few people do).

I don’t see it affecting the price/market of bitcoin, they have been cases where counterfeit fiats were being used to purchased things by scammers and it’s still being done. So the fact that someone was lazy enough not to check his/her transaction on the blockchain before proceeding with a deal does not mean that the whole market system will crumble.  And I do  hope the “flash bitcoin” I saw on YouTube is the same one you’re talking about because that’s what my post is for.


Agree with what?

ok thank you.

Looks like you need to learn more about what the bitcoin blockchain is.

If you are interested in Bitcoin, I suggest you read the whitepaper.
And also https://learnmeabitcoin.com/

Bitcoins aren't just created out of a thin air and also those other tokens and shitcoins mimicking Bitcoin can never be BTCitcoin and they are not a threat to Bitcoin but rather a threat to people who are not vigilant enough to distinguish between Bitcoin network and other fake chains.

Any relations with the Joeyp account because your behavior is just as odd. Coming up with something very arbitrary that obviously has no effects on bitcoin (or is not even related) then trying to tie it with some imaginary "crash" that warrants shorting bitcoin!

Copycat coins aka shitcoins have existed for ever and they are not affecting bitcoin price in any way. They are just garbage people like to bet on when they want to lose money!

This is the first time I've heard of this term, but it appears to be faking screenshots from the sender It is a type of scam and will not affect the Bitcoin price and network.
In general, if there is something that will affect the network, it will be noticed here and not on YouTube, where many people are looking for free views and advertisements more than providing useful information.
The Bitcoin network is decentralized and cannot be hacked as happens in social media networks.

I have never experienced a flash Bitcoin nor have anyone I know experienced it. Maybe you are referring to double spending by fraudulent people where an unconfirmed transaction can be replaced with a new one. I know that immediately Bitcoin transaction is confirmed by the network nodes, it cannot be reversed. To avoid such problems it is important to wait until the transaction is verified by at least two miners before you release your coin or money. Don't rush to conclude the deal without checking in the Mempool if the transaction has been verified.

If this flash Bitcoin is shitcoins this won't affect the Bitcoin but scammers will use it to fool newbies that they send BTC into their wallet and then scammer will provide a link that they sent you BTC but in a different chain.

Or I think if you mean about flash Bitcoin is a transaction that is usually gone after 90 days on the blockchain then you might be talking about double-spend that scammers usually do, if you are a newbie you can fall to this trick if you don't wait for confirmation because a transaction with 0 confirmation can be still reverse the transaction.

I never heard about fake bitcoins before and especially the ones in circulation, but after digging and reading the post of Cantasy, I got to know about them, and they really exist, but they are not real BTC, they are just fake layouts to show someone that the amount has been sent, just like many people in p2p transaction had tried to do. Like, they create a fake layout, that says, we have sent the payment while we have not received the amount.

It is more like a fake layout, which can not be in circulation, or I am missing something here, if yes, then do let me know.

And how such a thing can be a cause of a market crash, I mean, people do get into FOMO or fear but you should not, because you are a BTT user  So, be calm and the market cannot crash. And you don't even have to rely on the replies of the members to take short or long entries, and by judging your education and understanding level, I would suggest that you should also not take trade in futures. First, learn about Bitcoin and try to control your emotions.

I just want to say that any newbie looking for "flash bitcoin" have 99% probabilities to be scamed or hacked.