Topic: Rant: I am thinking of Quitting my Interest in Crypto Currency - page 2. (Read 2441 times)
October 29, 2019, 08:50:35 AM
We cannot really blame the exchanges for being limited to some countries. One of the reason why exchanges have limited or no access to other countries is because of the government itself. The policies of the government and their regulations are sometimes very hard on exchanges and sometimes they will ban it in their area. Such as binance cannot be accessed in the US because of the economic war between US and China. Also exchanges are also business and their biases is not just for themselves but also to protect their investors and users.
October 17, 2019, 01:51:07 AM
I do get that feeling sometimes but I have discovered that the more you read and research more about cryptocurrencies the excitement just gets back and you will reignite your love for these precious ones and zeros in no time, so find something that made you stick to crypto the first time 
I think that OP is more of an investor than a cryptocurrency user, because when it comes to using cryptocurrency for payments, I don't think that we have been disappointed in anyway, transaction have never failed except maybe we transfer to the wrong address, and even in the aspect of fee, it is much more better than using wire transfer which you would almost pay 20 percent of the amount you are seeing, the only challenge is the scalability and transaction speed which I know with time will improve. This is the whole focus of bitcoin right now and the investment aspect of it is just secondary, as we get used to this, cryptocurrency value will surely grow so we should look at the investment in crypto currency as future plan and not for today, if we look at it for today, that is when we get discourage about the whole thing.
October 13, 2019, 04:24:05 AM
......
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.
......
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.
If you think so, why don't you make the same thing as their "marketplace" and make it a different perspective from them. Show everyone that your current outlook changes because of what you make. I think about changing people's perspectives is very fun for looking hobbies.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.
......
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 completely agree with your rant way of expressing how greedy they are, but in my opinion only expressing the conversation will not completely change the situation, it's okay to look for other hobbies.
It's a good rant, and it does showcase a lot of the issues with the American market and some of the regulatory issues as well as companies pushing regular customers out.
October 13, 2019, 04:15:00 AM
Those who are making money from cryptocurrency despite all these challenges that you have mentioned do not have two head, if you leave the cryptocurrency space now, it would not make any difference as we will have people to always fill up the space, so you will be the one at the losing end because of lack of patience mate.
There is no system that is perfect, while many people are crying poverty in the fiat system, there are people who are making so much money from it just because they are able to learn on how to deal with the situation. All these challenges you have mentioned are what can be dealt with, you can learn to work through it. I am a trader and with all these bear markets, I am still able to make some ends means through it.
There is no system that is perfect, while many people are crying poverty in the fiat system, there are people who are making so much money from it just because they are able to learn on how to deal with the situation. All these challenges you have mentioned are what can be dealt with, you can learn to work through it. I am a trader and with all these bear markets, I am still able to make some ends means through it.
October 08, 2019, 10:23:13 PM
If you want to stop in digital currency because you are bored with bitcoin now is weakening and at the end of this month, or other increases in fees in digital currencies, I think that is a big loss for you, I used to feel bored and I stopped using currency digital because bitcoin was very weak last year and when bitcoin went up again, I was very disappointed why I had to stop in the world of crypto currency in the past.
October 06, 2019, 11:45:58 PM
......
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.
......
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.
If you think so, why don't you make the same thing as their "marketplace" and make it a different perspective from them. Show everyone that your current outlook changes because of what you make. I think about changing people's perspectives is very fun for looking hobbies.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.
......
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 completely agree with your rant way of expressing how greedy they are, but in my opinion only expressing the conversation will not completely change the situation, it's okay to look for other hobbies.
October 06, 2019, 10:43:26 PM
your post doesn't make any sense because you are all over the place.
it is not rant, it is complaining about things that are not even related to bitcoin! if you are unsatisfied with exchanges, their fees, regulation,... you are not complaining about bitcoin. you are complaining about a company that is offering certain services about bitcoin. and not to mention that their rules only affect day traders not regular bitcoin users!!! and bitcoin is not meant to be traded, it is meant to be used as a currency so maybe your views are misguided.
in short in answer to your entire wall of text, bitcoin is still the same decentralized currency that it was supposed to be from the start. you can still get paid in it as you do with any currency and you can still make payments just like any other currency. but when your "interest" is not in bitcoin but in fiat and how much profit you can make from bitcoin of course you are feeling restraint right now because of the regulations,...
it is not rant, it is complaining about things that are not even related to bitcoin! if you are unsatisfied with exchanges, their fees, regulation,... you are not complaining about bitcoin. you are complaining about a company that is offering certain services about bitcoin. and not to mention that their rules only affect day traders not regular bitcoin users!!! and bitcoin is not meant to be traded, it is meant to be used as a currency so maybe your views are misguided.
in short in answer to your entire wall of text, bitcoin is still the same decentralized currency that it was supposed to be from the start. you can still get paid in it as you do with any currency and you can still make payments just like any other currency. but when your "interest" is not in bitcoin but in fiat and how much profit you can make from bitcoin of course you are feeling restraint right now because of the regulations,...
October 06, 2019, 10:13:13 PM
Nothing is comfortable and convenient all the way you desire, everything has some positivity and also some negativity, If you are old staff then you could see a lot of potentialities in this platform, but it's also true there are some barriers to get flourished of this the cryptocurrency platform, I think it just a matter of time, Nothing is permanent and quitting from this platform will not bring any solution, When bad things come, then you see dark due to lack of confidence, It's almost 10 years gone, It's a lot of potential and prosperous for the future, who cares when people say negatively regarding this platform, that doesn't mean anything. so don't lose your hope and don't pay heed on talking what the people are saying about cryptocurrency platform, Do your job and Lets' see what will happen.
October 06, 2019, 09:57:38 PM
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.
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.
Don't quit that easily. Your disappointments are clearly not in crypto itself but in the people, the community, and the current system. If you will quit right away just because of that, then for sure you might regret it in the long run. That's why taking a break will surely help a ton. It's evident, based on your rants, how you spend so much time concerning about crypto. Looking for other hobbies and resting for the meantime will help you to have a new perspective in life. It will also help you to realize if being into crypto is truly meant for you or not.
October 06, 2019, 09:40:52 PM
This stuff is getting 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.
What's up with Gemini? It's a convenient exchanger, not a greedy machine like you claim.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.
WITHDRAWAL FEES (INDIVIDUAL CUSTOMERS)
Withdrawal Type Cost (≤ 10 per calendar month per withdrawal) Cost (> 10 per calendar month per withdrawal)
Bitcoin Free 0.001 BTC2
Ether Free 0.001 ETH
Litecoin Free 0.002 LTC
Bitcoin Cash Free 0.002 BCH
Zcash Free 0.002 ZEC
Wire Transfer Free Free
ACH Free Free
Gemini Dollar (Creation) Free Free
https://gemini.com/transfer-fee-schedule/
30-Day Trading
Volume in (USD Notional) Taker Fee Maker Fee Auction Fee
0 0.35% 0.25% 0.25%
≥ $500,000 0.25% 0.15% 0.20%
≥ $2,500,000 0.25% 0.15% 0.10%
≥ $5,000,000 0.15% 0.10% 0.10%
≥ $10,000,000 0.15% 0.10% 0.00%
≥ $15,000,000 0.10% 0.00% 0.00%
https://gemini.com/activetrader-fee-schedule/#activetrader-fee-schedule
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.
It's not the whole community, have you met and talk to each person in the community? maybe you just unlucky talk to some wrong people with a negative mind.
Try again.[/list]
October 06, 2019, 09:38:01 PM
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.
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.
You have the freedom to do what you want to do, if you are not profiting from crypto industry then it will be best that you just quit or change your style.
Coinbase is a well known exchange and it's kinda sad knowing that they keep on increasing their fees especially if the increase was not influenced by tax or other responsibilities that they need to abide. As what I have heard with Binance, I thought they are creating a platform that is exclusive for US traders so I am wondering if it didn't work well as you said that they are kicking your ass in their exchange.
October 06, 2019, 09:23:59 PM
Tomorrow is always another day dont just quit and start over again and again.
That's easy to say but hard to do especially that you are not in his position. I understand your point dude but sometimes if yoy already feel that doing something is no longer makes you happy then it's okay to quit. All of us can understand that. I guess OP is now losing his interest to crypto because he felt it was boring now. If that's the case, I support him to leave but honestly the inner me hope he change his mind. I mean, of course it was a loss for the crypto community after all. OP seems to feel that way, he loses the confidence to face another day for some reason. also I think he considered a lot of reasons before having his final decision and this is what he come up.
October 06, 2019, 09:14:59 PM
Why not start a competing exchange that is lower priced, without all the overhead. You'd clean up if indeed all this greed is accurate - and you'd easily be able to find investors to fund it if it is just about them being greedy.
I agree about extraneous overhead in colleges etc, perhaps here too, but that just means opportunity to do it better and cheaper.
I agree about extraneous overhead in colleges etc, perhaps here too, but that just means opportunity to do it better and cheaper.
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.
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.
October 06, 2019, 09:10:41 PM
This is the outcome if we are looking for much expectations specially in investing area like cryptocurrency,services will always grow if the demand grow as well
The mere fact that you are updated in every Single news in crypto makes your frustrations arise ,that’s why sometimes it’s better to hide from news to prevent harder feelings
I think just like the other posters said why not just take a break,do your lust of finding another hobby then after a while check back the crypto market if still boring for you
What I’m hoping is you won’t return late if the mass adoption finally happens since nothing isn’t impossible in volatile market like cryptocurrency
The mere fact that you are updated in every Single news in crypto makes your frustrations arise ,that’s why sometimes it’s better to hide from news to prevent harder feelings
I think just like the other posters said why not just take a break,do your lust of finding another hobby then after a while check back the crypto market if still boring for you
What I’m hoping is you won’t return late if the mass adoption finally happens since nothing isn’t impossible in volatile market like cryptocurrency
October 06, 2019, 09:08:54 PM
Tomorrow is always another day dont just quit and start over again and again.
That's easy to say but hard to do especially that you are not in his position. I understand your point dude but sometimes if yoy already feel that doing something is no longer makes you happy then it's okay to quit. All of us can understand that. I guess OP is now losing his interest to crypto because he felt it was boring now. If that's the case, I support him to leave but honestly the inner me hope he change his mind. I mean, of course it was a loss for the crypto community after all. October 06, 2019, 08:55:49 PM
I believe everyone comes to this point. I understand your feeling but i strongly suggest to just take a rest and don’t quit what you had started. Everyday may not be as positive as we wanted but crypto is challenging and requires perseverance just to live its life. Tomorrow is always another day dont just quit and start over again and again. Continue, relax and never set back fella.
October 06, 2019, 07:24:05 PM
Nothing stays the same, just try to take a break, I had similar feeling and I disconnected from crypto space for one year. Now I am ok and everything is back to normal like it was before. About finding new hobby, I think is a good idea, having different hobbies is very helpful for your health, I personally like soccer and watching TV series and when I face those dark moments and bad feeling, those hobbies help me out. When I loss a trader, a soccer game of my fav team changes my bad mood and make it better, And the opposite happens when my team loses and price goes in my direction.
October 06, 2019, 07:08:19 PM
...snipped...
@OP it is better to take some rest, you need space for you to decide what is best either to stay in crypto or withdraw all your funds and leave in this unpleasant place for you.
October 06, 2019, 07:04:52 PM
In todays age there is no need for collage degrees. Those are scams. You can learn almost all if not all of what you need online for free. It is the technology age so there is so much info out there that there is really no excuse.
Tell that to the company owner
. They are the one who are setting guidelines on who are accepted or not.I still believe in the foundation of proper knowledge. You can tell the difference between a self taught and those who had undergone a proper education. The era does not change the fact that education or a place for learning is always needed, whether it is on the internet or at the physical school. The method maybe changed but school as it is, is still needed to produce a higher quality individual when it comes to academics. A certificate degree is a proof of completion of course and they are highly acknowledged and often times required by the industry.
I don't think you should quit. You should never quit. There is crypto to be made and spend and career paths to be followed and discovered.
I believe he already had an aimed career but was hindered by the guidelines made by the company. That is why he was frustrated reason for the rant.
For OP, I think it really depends on where he sees his life going in correlation with crypto-currencies. If he has a fine life and isn't looking to crypto to make a career, or make a lot of money out of, it might be best to take a break until regulations get fairer.
October 06, 2019, 06:59:48 PM
Quote
I am thinking of Quitting my Interest in Crypto Currency
You should not. All those companies you mentioned don't represent Bitcoin or any other cryptocurrency. They are just trying to make money out of this market.
If you don't like how they behave you should boycott them and look for better alternatives.
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