I hate Cryptocurrency

[Instamined]

Well, I like the blockchain technology... but I have some major problems with it.

Instead of being regulated and utilized so it's a useful technology it's just become a giant faux-economy.


Exchanges, news, prices, altcoins. It never seems to end. Every coin is just feeding into bitcoin for profit. It wouldn't be so bad if there were limited hours for trading but of course because of how the blockchain works it is a 24/7 economy.

Everyone is just trying to one-up the next person by manipulating numbers to their advantage. Sure, that's a lot like the stock market but at the end of the day cryptocurrencies never produce anything other than more coins. Companies produce products and services.

Most every coin uses underhanded trolling tactics like hype accounts, insider bribes, and worse. There's nothing redeemable about the vast majority of this space.

I know there will be mostly defenders of the stupidity but god-damn it is truly ridiculous.

[bitcoinvestor]

I don't understand why do you hate crypto. It is a new tech. No problems there are new coins. In fact the nature market selection will show you what the best crypto. YOU hate or not.

[Instamined]

I don't understand why do you hate crypto. It is a new tech. No problems there are new coins. In fact the nature market selection will show you what the best crypto. YOU hate or not.

Rofl, exactly the kind of statement that makes me hate this space.

What is the difference between x coin y coin and z coin? They are all mediums of value transfer. Sure, the speed or supply may be different but the only value that particularly matters is the stability of the price for both parties so they can agree on the price of whatever is being exchanged for the coin.


The "nature"(natural) market selection. How can you look at these markets and see natural markets in any respect?

The only reason there are three coins x,y,z is that it is profitable to launch a coin and have people hedge their bitcoin in it. Nearly every coin has a premine making even the most low marketcap instant free value.


Bitcoin is a fiat token that people purchase for conducting a transaction or holding in hopes of its fiat value appreciating. All other coins are subsidiaries traded in terms of bitcoin.

Thus, all altcoin trading is merely based off of speculation. Now, there isn't anything inherently wrong with value speculation. The problem is that this speculation is fundamentally based off of nothing other than word of mouth and fake news to drive value. It's effective because everyone wants money to buy freedom from society and there's plenty who will make poor choices.

At the end of the day, nobody receives any service other than the one singular service cryptocurrency offers which is a medium of transacting. Yet somehow we have a brutal environment full of different coins where early adopters, liars, and outright thieves have cornered the markets.

[dwieyani]

There is nothing new in it was actually hates her new metal.

what is the reason you hate?

[ciobanuionut]

I don't understand why do you hate crypto
i like it too much

[Instamined]

There is nothing new in it was actually hates her new metal.

what is the reason you hate?

I don't understand why do you hate crypto
i like it too much

You're both either

1.) Stupid.
2.) Just posting to boost post count.
3.) Deliberately saying nothing.


I've made my reasons sufficiently clear.

[Hatuferu]

Everyone has their own experience and you have all your freedom to express yourself.
But for me, I will never hate something that gives me a good opportunity to grow my money.

[Instamined]

Everyone has their own experience and you have all your freedom to express yourself.
But for me, I will never hate something that gives me a good opportunity to grow my money.

Exactly, yes you can grow your money with cryptocurrency.
You can also lose.


Most people in this space think only about the money and don't remotely care what is best for society. Self respect and dignity is thrown to the side in the pursuit of money from nothing.

[TRONTON]

Well, I like the blockchain technology... but I have some major problems with it.

Instead of being regulated and utilized so it's a useful technology it's just become a giant faux-economy.


Exchanges, news, prices, altcoins. It never seems to end. Every coin is just feeding into bitcoin for profit. It wouldn't be so bad if there were limited hours for trading but of course because of how the blockchain works it is a 24/7 economy.

Everyone is just trying to one-up the next person by manipulating numbers to their advantage. Sure, that's a lot like the stock market but at the end of the day cryptocurrencies never produce anything other than more coins. Companies produce products and services.

Most every coin uses underhanded trolling tactics like hype accounts, insider bribes, and worse. There's nothing redeemable about the vast majority of this space.

I know there will be mostly defenders of the stupidity but god-damn it is truly ridiculous.

if you are looking for is hatred against the tricks and manipulations some coins in altcoin market, you should also visit the forex today, for every market is not wrong because it is liquidity and competition, although impressed perform a variety of ways to seek profits. You have to learn more about the theory of free trade before hating something. If you do not like free trade, please seek work in accordance with your wishes.

[deisik]

Well, I like the blockchain technology... but I have some major problems with it.

Instead of being regulated and utilized so it's a useful technology it's just become a giant faux-economy.


Exchanges, news, prices, altcoins. It never seems to end. Every coin is just feeding into bitcoin for profit. It wouldn't be so bad if there were limited hours for trading but of course because of how the blockchain works it is a 24/7 economy

I don't really see what's wrong with that

Namely, how and why it would (should) be better if there were limited hours for trading? It looks more like you missed some price movement leaving you in the red while you were asleep (away) and now come here cursing cryptocurrencies turning the air blue. Regarding everyone trying to get advantage over the next person, this is how everything around us works. The whole evolution hinges on that (so-called "survival of the fittest"). Ultimately, though, it could be said that we are all mercilessly exploiting nature by decreasing entropy inside us by increasing it outside. I guess, you will have to reconcile yourself to that and live with it

[Barbut]

Everyone has their own experience and you have all your freedom to express yourself.
But for me, I will never hate something that gives me a good opportunity to grow my money.

Exactly, yes you can grow your money with cryptocurrency.
You can also lose.


Most people in this space think only about the money and don't remotely care what is best for society. Self respect and dignity is thrown to the side in the pursuit of money from nothing.

Opportunities are always around us, depends from our personality we like something more then other. Instamined is right here, people are running for money and self respect, dignity is thrown on the side, and we can`t do much about it, if you won`t someone else will do it for less money or for free. Freedom of choice, and in that you can hate people cause they chose something (what ever it is), cause not all of us have a right to chose, some are pushed into something.
I hate wars for example, but as we can see war can be very profitable for some countries, corporations, and individuals.

[Fireblazer]

If you do not like crypto currency, then you can simply not use it. Personally, I like it. This is a step in the great future of modern technology.

[Instamined]

Truth be told, I feel similarly about the stock, currency, and commodities markets.

To me, everything that is available to the consumer comes from the work of the manual laborers. The people who truly work to make services and products available through menial tasks.

Although this lowest rung performs the majority of the true, intensive labor they are upended by people who use trading to generate income from having wealth.

That's the crux of the issue, there is no changing it, but it makes for some really unhealthy societal tensions which I believe manifest almost exclusively from this. Laborers are divorced from profit to such a degree that it is maddening.

The cryptocurrency scene imitates this already 'unfair' system yet removes the purpose of funding enterprises who produce goods and services. What's left is a decrepit circus trying to pass itself off as legitimate.

I understand why the cryptocurrency markets and 'real' markets operate how they do and free-trade is unavoidable. However, that doesn't mean that I find anything redeeming about the crypto side which is the same thing repackaged a million times.

[Sundark]

Truth be told, I feel similarly about the stock, currency, and commodities markets.

To me, everything that is available to the consumer comes from the work of the manual laborers. The people who truly work to make services and products available through menial tasks.

You are right there is very little difference between currency, commodities or stock market.
It is all one method to make money out of nothing, but we can't exactly do anything about it.
Concept of cryptocurrency is amazing - but as always there will be people who would like to exploit it to make fast money.
And there will be sheep who will follow them baited by promise of profits too. It is vicious and never ending circle.
Stop supporting crap altcoin, focus only on serious projects, help bitcoin grow - this is what we can do to stop this altcoin idiocy.

[21kevin21]

Truth be told, I feel similarly about the stock, currency, and commodities markets.

To me, everything that is available to the consumer comes from the work of the manual laborers. The people who truly work to make services and products available through menial tasks.

You are right there is very little difference between currency, commodities or stock market.
It is all one method to make money out of nothing, but we can't exactly do anything about it.
Concept of cryptocurrency is amazing - but as always there will be people who would like to exploit it to make fast money.
And there will be sheep who will follow them baited by promise of profits too. It is vicious and never ending circle.
Stop supporting crap altcoin, focus only on serious projects, help bitcoin grow - this is what we can do to stop this altcoin idiocy.

Altcoin can only play a little for variety and short-term investments. The main and more profitable currency is of course bitcoin. We need to develop and improve it.

[noictib]

Well, I like the blockchain technology... but I have some major problems with it.

Instead of being regulated and utilized so it's a useful technology it's just become a giant faux-economy.


Exchanges, news, prices, altcoins. It never seems to end. Every coin is just feeding into bitcoin for profit. It wouldn't be so bad if there were limited hours for trading but of course because of how the blockchain works it is a 24/7 economy.

Everyone is just trying to one-up the next person by manipulating numbers to their advantage. Sure, that's a lot like the stock market but at the end of the day cryptocurrencies never produce anything other than more coins. Companies produce products and services.

Most every coin uses underhanded trolling tactics like hype accounts, insider bribes, and worse. There's nothing redeemable about the vast majority of this space.

I know there will be mostly defenders of the stupidity but god-damn it is truly ridiculous.

In my opinion you have very less amount of the knowledge in the bitcoin and its best market to make money that is cryptocurrency market , no doubt that cryptocurrency ( all the altcoins ) are not much Better than what the bitcoin is , but in reality that the bitcoin is only a thing which is better option to make money , it is because with the bitcoin alone you can't make big trading with your money , so existence of bitcoin in the bitcoin network is a necessary part for the bitcoiners to make earning  and also no doubt that bitcoin is himself a cryptocurrency which is trade by the bitcoiners .

[Betwrong]

Well, I like the blockchain technology... but I have some major problems with it.

Instead of being regulated and utilized so it's a useful technology it's just become a giant faux-economy.


Exchanges, news, prices, altcoins. It never seems to end. Every coin is just feeding into bitcoin for profit. It wouldn't be so bad if there were limited hours for trading but of course because of how the blockchain works it is a 24/7 economy

I don't really see what's wrong with that

Namely, how and why it would (should) be better if there were limited hours for trading? It looks more like you missed some price movement leaving you in the red while you were asleep (away) and now come here cursing cryptocurrencies turning the air blue. Regarding everyone trying to get advantage over the next person, this is how everything around us works. The whole evolution hinges on that (so-called "survival of the fittest"). Ultimately, though, it could be said that we are all mercilessly exploiting nature by decreasing entropy inside us by increasing it outside. I guess, you will have to reconcile yourself to that and live with it

This is a great advice. Not only for the OP but for me personally too, because sometimes I also think "Why do we need all those altcoins if we know that nothing will replace Bitcoin in our life time?" But you are absolutely right. Evolution is impossible without diversity. Who knows, maybe in the far future another coin will win. (But not in our lifetime )

[wahb]

Everyone has their own experience and you have all your freedom to express yourself.
But for me, I will never hate something that gives me a good opportunity to grow my money.

i think most of the people who  know about the importance of bitcoin they like bitcoin and most of them have invested their money there, to me i myself like bitcoin as i am earning a good amount of profit from it.

[Instamined]

Everyone has their own experience and you have all your freedom to express yourself.
But for me, I will never hate something that gives me a good opportunity to grow my money.

i think most of the people who  know about the importance of bitcoin they like bitcoin and most of them have invested their money there, to me i myself like bitcoin as i am earning a good amount of profit from it.

Nice word jumble. Please stab yourself in the eyes.

[Instamined]

Sure, that's a lot like the stock market but at the end of the day cryptocurrencies never produce anything other than more coins. Companies produce products and services. This is where you got it all wrong because unlike the physical stock that are been heavily regulated by some greedy financial body crypto world is a free-market for all and they produce services, gives to the charity and do some physical projects based on the funds at their disposal.
Coin production is just an innovations which everybody uses to project their ideas and you agreed with me that there are more than 1 billion ideas flowing everyday but we still have less than 1 billion crypto made.

It baffles me how much stuff like this gets posted. Makes zero sense, always posted by somebody with an active ad campaign.

To me it's a question of are they serious or are they shilling deliberately.