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

[Pipdips]

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.

[shield132]

At first I thought this post was about getting tired of bitcoin price falls and can't wait for rise but it's a whole different subject of discussion.
Well, OP, everything was amazing, fun and interesting at first, I would call that time era of freebitco because that website introduced me into bitcoins. That time bitcoin wasn't commercial thing like it is now (can't mine at home, a lot of regulations on exchanges, KYC documents everywhere and etc).
That's getting boring but I'm still here because of bitcoin's possibilities, it's just nice payment method and consider this as an investment option too on long term.
If you can, get best it from it and use it for your needs, things get abused as time goes and that's why we have so terrible situation now. Bitcoin was nice when only few people knew it.

[squatter]

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.

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?

I sympathize with what you're saying but this all seems inevitable if Bitcoin is going mainstream. Companies see adoption potential and they want to monetize it. Meanwhile, it's big enough to be on government radars now. I miss the old days too but it's just the way things go.

[TravelMug]

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.

[bitmover]

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

[Astvile]

Quitting is not an answer to those rants you have right there.What you all need and you lack off I think is some rest and enjoyment because you keep stressing out yourself on cryptostuffs and it really affects you because of the fact that you're in to cryptocurrency.
Try having some vacation and forget all stuffs about bitcoin for a while chill out your mind.

[UNOE]

It can be alot to handle all at once.
So it would best to just disconnect from it for a while before it gets overwhelming and to the point where you can not cope anymore.
The stress of cryptocurrency isn't for everyone.
It is worse then investing into stocks if you ask me.

[lobat999]

I too have frustrations as a crypto-enthusiast but this doesn't change my interest and enthusiasm around cryptoverse! Whenever I have time, I try to learn new things like coding and do other things that excites me as well to make my life more stress free and meaningful. I reckon what is happening now in cryptoverse a natural course of its evolution and we can't do anything to avoid it!

As what OP had stated, taking up a new hobby other than submerge himself/herself with crypto stuff would be great and OP should also take a little break, enjoy some other things that excites you most! Enjoy life! I suggest don't leave the cryptoverse just yet! You'll never know it will become more vibrant again as you know it!

[custard_pudding]

@op what is HR?

[coin-investor]

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 think you should give up and take a new hobby, Cryptocurrency is really not for you, just come back when everything is settled up, you can donate your Cryptocurrency to a charity or any one of us here, because if you still have Cryptos to hodl you will from time to time will look on the price and check if you are already rich, so save your worry and get rid of those Coins you have there.

[nydiacaskey01]

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

This part caught my attention. I never considered Bitcoin as a hobby, not ever. I am loosing money from it and I am gaining profits from it as well and I don't look at it that way because if I do, I will not take it seriously, I will treat it only as a side thing for my day job and I can't do that, Bitcoin helped me in a lot of ways like financially and emotionally. Emotionally because it helped me containing my patience.

[DooMAD]

Almost all of your complaints are generally aimed at what different companies and organisations are doing.  None of it is a fault with crypto itself.

It's only natural that companies are going to engage in rampant profiteering in a relatively nascent field like this.  For now, it's relatively easy for businesses to capture a monopoly at this early stage, but eventually this space will mature a little more and services will be forced to price more competitively.

Your solution is either to deal with better companies, or, preferably, find a way to cut out the middleman and do it yourself.  That's the most interesting part about crypto.  I don't see a gun to your head forcing you to use those services.  Tired of exchanges?  Explore peer-to-peer options.  Don't like the conventions?  Start your own.  It's up to you.  No one is going to hand it to you on a plate, though.  Because, as much as you might complain about these companies, they put some work in to get where they are now.  If you think you can do better, you'll need to do the same.

[Ayiranorea]

When there is growth this will be kept under surveillance, and the whales always try to find way to earn out of it in a simple way. This is the major reason for the market. We're into the early days of adoption on the real time businesses, maybe within few years of time this gets to be an alternate mainstream source.
Cryptocurrency has got lot to be done. In simple more things which are hidden behind the asset needs to be explored. This will boost you up to learn more about it. When you find more unique things automatically you'll be much interested towards using cryptocurrencies further.

[rdluffy]

I think you're confused right now, I can see in your post
Maybe you are unhappy because of the prices?
If the price of BTC was 20k, I'm sure that you wouldn't complain about

Sometime it's important to take some time off, without thinking in cryptos, do another stuff

[malevolent]

The Bitcoin and the overall cryptocurrency sphere is slowly maturing, and that also means things are becoming more boring, par for the course since finance and other heavily regulated spaces are like that.

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.

That's because of all the scams and unearned hype, people have grown to be naturally suspicious.

[Wexnident]

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.

Being one of the forerunners is really fun. A lot of new things crop up, lots of news here and there, lots of issues, controversies and such. But now, yes. Rich people just buy and sell and control the market with their wealth, ignorant people join and feel like they know everything and anything and do things that really degrade the quality of the community. Money was one thing, but feeling the belonging to the community is another. And seeing the community develop into greedy people, of course, those with pure passion towards it would feel bored. Would feel that their time and effort were not worth it anymore. I sometimes feel that way, but I already invested too much in this so it might be a bit too late to go back now.

[CHRISBIN702]

You know, I wish I had a strong argument against the points you are making but I see a lot of what you are talking about. I don't know if you are on LinkedIn at all but the things you mentioned are amplified there by 100x. It's turning into a corporate shit show. You just gotta tune out all the noise and focus on what made you fall in love with crypto in the first place.

[Kyraishi]

Finance is like that, something new comes along and everyone gets really interested in it, but then it matures, bad ways are found to use it, and the governments come along and regulate (usually overregulate actually) the product.

I think you're confused right now, I can see in your post
Maybe you are unhappy because of the prices?
If the price of BTC was 20k, I'm sure that you wouldn't complain about

Sometime it's important to take some time off, without thinking in cryptos, do another stuff

Not sure if it's a price issue with him - more of a regulation one, especially in his circumstance he's unable to do anything in his country unless he does huge amounts of KYC, it's almost like he's banned from crypto.

Good luck with your life OP, keep in mind, maybe in the future, the US will be much more lenient with their regulations, they are really shooting themselves in the foot here.

[Genemind]

If quitting is an answer, then there might be lots of people who will leave Cryptocurrency for their own reasons. We all know that Crypto has its ups and downs. Crypto has been through a lot so I don't think quitting would still be an answer to your agony.
If you're having problems with the rules and requirements such as KYC and other security procedures, you got no choice but to follow and go on with it. It's okay to complain since crypto itself isn't perfect but things would still depend on how we deal with different situations here.
Complaining alone won't help but you should know the next step to take if you're being stuck in a mess.

[Ailmand]

Well if that is the case you should just take a break. Remember when time gets hard in crypto your patience is being tested. I know a lot of people had been expecting a lot since the Bakkt, however the impact that was expected ia not as strong as what everyone was expecting. Well we cannot expect everybody who has crypto job to love crypto as it is, some are just here for profit not for the technology it self.