🥷 Elon’s Crypto Deep FAKE

Sat sri akal, this is your favorite doodhwala! We’re your staple crypto newsletter, just like a hot plate of dal chawal.

It’s Tuesday, you know what that means, no meat.

But we’ve got a THICC steak for ya:

• Bitcoin’s FAKE-ASS rainbow promise

• Watch OUT for this ELON scam running around

• Still Fresh Doodh

• Milky Meme of the day

Let’s get cracking!

Btw have you signed up for this weekend’s crypto events?

NO!

Check out 👇

Is the Bitcoin price rainbow real?

If you’ve been in crypto long enough, you’ve probably wondered:

• Why are there so many doggie coins?

• Is Bitcoin powered by the tears of central bankers?

• Why don’t I drink doodh more often?

And the BIG QUESTION — What TF is the Bitcoin Rainbow chart?

This is the Bitcoin Rainbow chart. 🌈

It’s a way to predict the price of Bitcoin based on some complicated voo-doo called “logarithmic regression.”

Hey! Imma commerce student, I barely know arithmetic. 🤷‍♂️

What’s logarithmic regression:

This chart was created back in 2014 (that’s before the invention of Ethereum, Solana, or Cardano).

It’s modelled after historic price growth and decay using:

• BTC/USD price trend

• Bitcoin’s adoption rate

• Bitcoin’s network effects

• Monetary and fiscal inflation

And some other math-magic! 🪄

Here’s to the author’s OG post on the BitcoinTalk forum back in 2014.

Why are we talking about this right now?

The Bitcoin Rainbow price chart is not constant. Lower and higher rainbow bands are added based on market movements.

In this bear market two lower bands were added, with the titles:

• Basically a FIRE sale

• 1BTC = 1BTC

The lowest band was added this weekend, while you attending web3 meetups and Bitcoin crashed to $19k.

This was the third time in history, Bitcoin moved into the lowest band of the rainbow.

🚨🚨We’re in the dreaded VIOLET ZONE 🚨🚨

The Rainbow chart suggests the BOTTOM for BTC will form at $16.7k.

Doodhwala’s take: This Rainbow chart is cool and all, but hardly something to rely on. It’s like an old crypto relic that people fondly remember, but hardly use. Kinda like your a Nokia phone!

Buy or sell BTC if you want, but not because a rainbow told ya to.

Stay safe!

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Watch OUT for this ELON scam running around

There’s a new Elon Musk scam going around, and this time it doesn’t have a dog name attached to it.

But honestly, it’s kinda interesting.

It uses = AI + Deep Fake + Quick content

When we were breezing past YT Shorts, we saw this video of Elon recommending a website:

You have to admit, the Deep Fake is pretty darn good.

To the average user who’s just breezing past Shorts, Reels, TikTok, or other content cocaine, this seems convincing.

I mean — Musk does use complicated words like “arbitration,” he has talked about Bitcoin, he has been high on podcasts.

So, it’s not that surprising tbh!

Newbies might even go to the scam website to see that it’s — “The Most Secure Crypto Exchange,” with offers like:

👝 Free Bitcoin wallets

💸 Bitcoin escrow services

🍴 Bitcoin staking (?) with 18% APY

This looks sweeter than extra chaach lassi!

Worse, newbies chasing returns, might log in, deposit actual cash, or transfer their BTC.

💀

This ain’t a new scam, but it’s been pushed onto social media like crazy. And social platforms are not taking it down fast enough.

That’s a problem.

We found one Shorts with over 100k plays before it was taken down by our Tambhram bhai Pichai

Elon Musk isn’t the only celeb deep faked to pump these dumps, we’ve seen deep fakes of Bill Gates, CZ, and Vitalik Buterin promoting other crypto scams.

Doodhwala’s take: Watch out for these crypto scams, these promotions are about as real as Elon Musk holding a glass of milk (WHICH WE COULDN’T FIND BTW)

So, we generated it via DALL•E, check it:

Good luck sleeping tonight! 💤

Still Fresh Doodh

Our doodh does not expire. It’s always TAAZA and MAZIDAAR.

Don’t believe us?

Check out this still fresh doodh that you missed in the last few days:

🎁 Over $5 million was wiped off of Solana wallets last month. Is Solana, Phantom, Apple or Android to blame?

🔴 Charts lie to you most of the time. But this chart indicated that the Merge would be better for Bitcoin and not Ethereum.

🚝 The Merge is like the BLR metro, or the MUM metro. But not like the DEL metro. Why tho? We spoke to a smart guy to find out.

📢 Meetups are difficult to find! NOT ANYMORE. We launched a web3 meetups dashboard for all events throughout the country.

🤬 Everyone loved the Merge except this $300 BILLION company that earned fat revenue from selling chips to PoW miners

Milky Meme of the day

If you want more doodh then, be sure to follow our Twitter (@DoodhwalaDaily)

That’s all for today bhaiyo aur bheno! Naale Sigona!

Aakash "Dahi Cheeni" Athawasya & Arvind "Doodh Peda" Krishna

Yo! Our legal and financial advisors (aka our good ol’ conscience) have asked us to add this boring disclaimer.None of what you read here is financial advice. We aren’t here to get you to buy or sell a crypto. We’re only here to tell you what’s up in crypto today and make you laugh. So, if you screwed up on a trade, that’s on you G. Stay safe in the markets.