Rant: I am thinking of Quitting my Interest in Crypto Currency

[Anonylz]

Maybe these are some of the things adoption will bring, since the wealthy people are picking more interest in crypto they are trying to readjust the ecosystem to suit their standard, make it a bit more centralized and gain control over the market,
even exchange have to adjust to this new changes by making kyc mandatory for all who wishes to trade, there is nothing much anyone can do about it than to accept this new phase.

[Juggy777]

This stuff is getting boring.

Coinbase Pro recently raised it's fees so high as to block out ordinary traders.  Binance kicked out USA traders.  Bakkt is not going to be too much different as they just keep raising the bar and implementing more rules and regulations, making crypto boring.  Gemini is just a greed machine too, while the people who own Gemini are already ultra ultra wealthy, and they just want to keep becoming more and more greedy.

It is just one thing after another everyday and it is all really boring news too.  Bitcoin is all just a bunch of greediness and politics now a days.  This is not a fun environment anymore.  It is taken over by greedy exchanges that are already rich, and they do not have to be greedy either, but the people who run the shows just sorta stuck on creating this stuff I guess.  It is taken over by people who's entire focus is just being greedy.

The actual cryptocurrency businesses out there that employ people are starting to get overloaded with pointless HR style jobs and soon half the industry will just be grouchy HR people, or grouchy bank people.  Also the crypto businesses all require college degrees, which basically guarantees that less creative people will be in there doing anything interesting.  It will be similar to how college administration departments became over run by tons of interns who are paid to just push paper and it makes college diplomas too expensive for anybody to obtain without going broke and into debt.

I also do not like all of the female-only cryptocurrency conventions and meet ups.  Why are they female-only?  Those are like giant planning committees that are planning to just take over and then add more and more worthless HR jobs into cryptocurrency company structure.  It really sucks.  It is like the whole industry is being taken over by lamo's who really do not have much interest in crypto but they can get jobs related to this stuff, and they can get in on some greedy level making everything unsustainable for everyone else.

Interesting.  There is negativity in the whole community too.  Try talking to anybody about your entrepreneurship concepts and everybody just throws mud on it like a bunch of Negative Ninnys.

End of rant.  I am thinking of taking up a new hobby.

@Pipdips you do not need to quit because of higher fees charged by exchanges simply use Electrum wallet, and set your own fees but don’t set them too low otherwise your transactions won’t confirm. As far as crypto jobs are concerned you can check the service section here, and offer your services and earn crypto’s for orders you take. Which female meet-ups are you talking about, because there’re many male meet-ups happening locally and all you need to do is search for them.

[malevolent]

@Pipdips you do not need to quit because of higher fees charged by exchanges simply use Electrum wallet, and set your own fees but don’t set them too low otherwise your transactions won’t confirm.

He was talking about exchange fees, and due to high regulatory barriers of entry and legal risk there is limited competition when it comes to exchanges that won't try to rob or otherwise swindle you.

[Pipdips]

Capitalism being capitalism, I guess. Venture capitalists and shareholders put in capital to get a return. Yes, they're being greedy. "Greed is good" was Gordon Gekko's famous line in Wall Street, wasn't it?

Gordon Gecko is the least of our worries today.  What is going on now is like what another member just posted saying it is a Corporate Shitshow. Couldn't have said it any better. It is like a bunch of girl power Meetup groups came together and decided to have all these Girl Power Crypto Conventions to be overbearing and make Bitcoin boring and take it over.

What I am really pissed about is how the crypto businesses are going to just hire hundreds of worthless HR people, and HR Assistants, and HR Interns, and ladies who say with that sick grin "I am The Director of HR"...  --Guaranteed to ruin cryptocurrency fun forever.

But even well meaning guys here are in this serious slump of negativity and "Can't be done" attitudes.  It's like we have symptoms of Brain Drain here at the forum.  Brain drain is when people come here to learn stuff but then they leave and take what they learned elsewhere.  Post-Satashi Bitcoin Talk is low retention and probably getting worse.

But what really bothers people are all the annoying HR women coming to ruin everything. Honestly folks... I think we can do better than this... yeah and the Corporate Shitshow too.  All, and I mean All of us who have followed Bitcoin since the beginning are leary of that grouchy HR women inflantrating Crypto Businesses Everywhere.  She just heard of Bitcoin like 1 Year ago and now she's got her ass sitting in some secret office and she is getting ready to fire any workers with life left in them.... you know what I saying.. you know..

Alright --Break Time for me!~  I'm going on vacation.

[malevolent]

But what really bothers people are all the annoying HR women coming to ruin everything. Honestly folks... I think we can do better than this... yeah and the Corporate Shitshow too.  All, and I mean All of us who have followed Bitcoin since the beginning are leary of that grouchy HR women inflantrating Crypto Businesses Everywhere.  She just heard of Bitcoin like 1 Year ago and now she's got her ass sitting in some secret office and she is getting ready to fire any workers with life left in them.... you know what I saying.. you know..

Then if you don't have the skills/money/perseverance to run your own business, stick to working for companies which are small enough that they don't need to hire HR people, or the HR people wouldn't be as annoying as you're portraying them to be.

[malevolent]

I don't make the rules of the game, you're whining about something (and your argument might have some substance), so I told you what you can do to go around the problem. Smaller companies might not be able to afford the dead weight that some HR workers may be if they're 'worthless'.

[Mumbeeptind1963]

Don't quit so easily buddy, yes the market now is do depressing yet it has always possibility to pump again, never lose hope. You may be sad now maybe you lose some amount but you need to know that we need patience in everything. Don't get affected in FUD also don't be mad , do some other things you are thinking too much and become stressed in cryptocurrency.

[CHRISBIN702]

I also noticed that you focused heavily on "HR girls". Did you possibly have a bad experience with one specifically? Large companies need an HR department. Considering the risk levels of their responsibilities, they can seem annoying but most the time they are just trying not to get sued.

[pieppiep]

I feel you are tired of waiting, but maybe I am wrong. But if yes, maybe you need to break for a while, leave the crypto sphere and enjoy your time as the other members said. Sometimes we need to leave from routinely that requires us to be the focus, so after we take a break, we can back with a fresh mind to see the thing that is happening now. If I feel bored with something, I go fishing with my friends, a day or two, leave everything and not talk about what we did before. We only want to release everything for a while and enjoy the time. It helps us to get a new spirit, and when we back to our routine, we can feel better than before.

[acroman08]

You began your text talking about higher exchanges fees... Than you moved to jobs related to cryptocurrency, and in the end you were talking about a new hobby.
I think you are confused about what a hobby is. A hobby is something you liked not something that you use to make money (like trading or getting a nice job)

In your wall of text you didn't even mentioned the Bitcoin accomplishments, which were enormous: everyone now knows what bitcoin is, more people and stores are accepting it, banks are afraid, it is being used to help people buy things and small investors are buying it worldwide. The fundamentals man. This is what you should be talking about if it was a hobby for you.

Maybe you should move your focus from making money to understanding and loving the tech

because he is not talking about the accomplishment of bitcoin he is talking about why he want's to quit bitcoin/cryptocurrency and his reason is valid.
I also agree that bitcoin/cryptocurrency is being overrun by greedy giants today which makes it toxic for some newcomers. I understand his reason but for
me not enough to make me quit bitcoin/cryptocurrency.

[ChrisPop]

You're free to do anything you want of course, but fundamentally Bitcoin & cryptocurrency infrastructure is being massively developed by institutions at the moment. CMEs already added futures and working to add other derivatives. Bakkt volume is increasing and there so many more institutions working on integrating blockchain and bitcoin within their infrastructure especially in the financial world.

[Pipdips]

I also noticed that you focused heavily on "HR girls". Did you possibly have a bad experience with one specifically? Large companies need an HR department. Considering the risk levels of their responsibilities, they can seem annoying but most the time they are just trying not to get sued.

It is a proven fact that HR sucks up all the available funds of companies.  Look at what happened to college tuitions and books.  The reason they charge so much coincided with the rise of HR and all the worthless Admins they hire.  HR is a crypto wrecking ball.

You cannot argue it anymore.  I have HR cornered and the argument is closed/.  The people in this topic pushing for HR Departments???  Wonder what kind of crypto businesses they are building...?     Think about it long and hard kiddies.

Either way yeah, my clarity on this topic of crypto and Bitcoin has reached unprecedented levels.  At this point in the game I am like the Lawnmower man of Bitcoin.  I need a rest from this stuff.  Have fun gambling in these H.R. Crypto Casinos.... have fun being cut short by the HR Departments hiding behind the scenes sucking up all your profits..

[veleten]

cryptocurrencies are not a hobby - its a way of life
wake up and go watch the price ticker BEFORE having your first cup of coffee
read all of the bull run news only to find out that analysts have no clue ( and never had) and what was looking like a bulls run turned out to be a 2.000$ price drop
login to your wallet and see your balance equals zero and google to find out that your wallet provider went rogue
how can you not miss it??
but seriously speaking , bitcoin will be my passion forever , it has changed my life and I will be forever a fan , even if it drops back to 100$

[Pipdips]

I have been watching Bitcoin since the beginning.  Not new to the jibe.  Not really a Bitcoin hobbiest, but I am thinking of becoming one.

[Artemis3]

This stuff is getting boring.

End of rant.  I am thinking of taking up a new hobby.

You seem too busy concerned about external factors, such as exchanges. Regardless of what the world does, Bitcoin works the same. It is a coin, it's not supposed to be "fun", its just a coin. A better coin, yes, but a coin. It buys things, you can be paid with it, that's it.

Why do you care who has more or who has less? Its been like that in all of human history, and the coin didn't come here to fix that. If you don't exchange you don't have to deal with those "checkpoints".

But, if you think this was only a hobby, you were quite wrong. And it doesn't matter if you get personally involved or not, its here, and its not going.

Just do whatever it is you were doing before learning about Bitcoin, only difference is, prepare to replace whatever fiat coin you were using with it. If you act like it doesn't exist, you will probably miss even more of what you think you are now missing, you are only going to regret yourself even more later.

[gunhell16]

Why not just take a break from all the crypto related stuff? Instead of quitting?

Sometimes it is better if you take your mind off with all the negativity that's been going around (bakkt disappointment, price going down, FUD, this community etc).

Just take a hike, enjoy your time with your family and friends for about a week and see how it goes for you? Seems that you have devoted so much time in crypto sphere that you are somewhat bored and burn out. Just my .2 sats.

Best of luck.

the thread creator should listen to this, instead of quitting just take a break.
Leave your belongings to your wallet and have a rest. take a tour and focus on your job.
If you have a family then focus on them. you dont need to quit, you are here and you know that cryptocurrency is the future of the world.
Take a break and think of everything all over again.

[Herbet Fry]

So... What hobby have you decided to take? You talk about it but then never come to a conclusion. Do you know what a hobby is? Also, you complaining about separate entities and not crypto itself.
It is not fair to blame crypto for other peoples doing.

[Shasha80]

In the end cryptocurrency reached the point of saturation for some people. I will not blame anyone who thinks
that the world of cryptocurrency is really tiring. Because I've also had the chance to stop hoping that
Bitcoin crypto specifically can reach the highest peak like in 2017. Then my mind changed after reading the story
successful people. The point is to be successful, there are many ways, one of them can pass the crypto. Well at this stage
I am more optimistic in managing crypto, because basically I really love bitcoin. Therefore success can
emerged from what we like and love. Actually the main key is patience, let's keep up the enthusiasm and optimism that
the triumph of cryptocurrency soon materialized. so my advice is never to give up on crypto.

[audaciousbeing]

This stuff is getting boring.

Coinbase Pro recently raised it's fees so high as to block out ordinary traders.  Binance kicked out USA traders.  Bakkt is not going to be too much different as they just keep raising the bar and implementing more rules and regulations, making crypto boring.  Gemini is just a greed machine too, while the people who own Gemini are already ultra ultra wealthy, and they just want to keep becoming more and more greedy.

It is just one thing after another everyday and it is all really boring news too.  Bitcoin is all just a bunch of greediness and politics now a days.  This is not a fun environment anymore.  It is taken over by greedy exchanges that are already rich, and they do not have to be greedy either, but the people who run the shows just sorta stuck on creating this stuff I guess.  It is taken over by people who's entire focus is just being greedy.

The actual cryptocurrency businesses out there that employ people are starting to get overloaded with pointless HR style jobs and soon half the industry will just be grouchy HR people, or grouchy bank people.  Also the crypto businesses all require college degrees, which basically guarantees that less creative people will be in there doing anything interesting.  It will be similar to how college administration departments became over run by tons of interns who are paid to just push paper and it makes college diplomas too expensive for anybody to obtain without going broke and into debt.

I also do not like all of the female-only cryptocurrency conventions and meet ups.  Why are they female-only?  Those are like giant planning committees that are planning to just take over and then add more and more worthless HR jobs into cryptocurrency company structure.  It really sucks.  It is like the whole industry is being taken over by lamo's who really do not have much interest in crypto but they can get jobs related to this stuff, and they can get in on some greedy level making everything unsustainable for everyone else.

Interesting.  There is negativity in the whole community too.  Try talking to anybody about your entrepreneurship concepts and everybody just throws mud on it like a bunch of Negative Ninnys.

End of rant.  I am thinking of taking up a new hobby.

I read through and the summary of the whole rant is the issue about the people at the helms of affairs at one point or the other. What I can see here is that people are by default capitalist and they would do everything to protect their bottom line. It is then safe to say that we are all ruled by our quest to make more money and even when that has been made, they move on to make much more till the end of time.

Since the issue you have is not bitcoin, then I don't think its enough to quit the cryptosphere. As much as there are pure capitalist to the extreme there are also individuals who believes in charity and doing good to the less privileged even though they are not popular like those other categories it shows there is room for one more person which you can fit in.

[Pab]

Cryptocurrencies and blockchain related business struggle in USA because of lack of clear legislation rules
It is enough to say that Circle moved from USA to offshore area.There is kind of scandal with LedgerX  physical futures.they have completed all needed paper work and still waiting on CFTC  approval. Bakkt has got they still need to wait nobody knows how long.Probably we will see emigration of blockchain start ups to more friendly areas but it can be not easy if developers are USA citzens
You can do with your  life whatever you want but crypto is simply still very profitable specially because halving is around corner