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Jan 19, 20261 month ago

It's time to quit crypto.

G
gum@0xGumshoe

AI Summary

This article presents a highly critical view of the current cryptocurrency landscape, listing problems like scams, insider trading, market manipulation, and underperformance compared to other assets. Despite this condemnation, the author concludes with a defiant commitment to remain in the crypto space, vowing to contribute positively, continue investing, and use decentralized platforms. The piece is ultimately a declaration of perseverance against the industry's acknowledged flaws.

Scams.

Insider trading by friends of the administration.

Prediction Markets are filled with insiders.

We used to see people retire in 2 weeks with crypto, now CT users are only trying to get viral on X to collect $300 from Elon.

Country coins and Celebrity coins rugged over $500M from retail.

Crypto hacks have ruined lives.

Retail never hated crypto as much as it does today.

Memecoin & "trenches" are filled with pump and dumpers ready to take advantage of whenever Bitcoin moves higher.

We went from having a coin of a dead squirrel go to $3B market cap to seeing tokens of viral memes not breaching $1M market cap.

Bitcoin can't sustain a rally; it's been down only since $126K after one of the worst market crashes in the asset class, ever.

Gambling is a big problem among the users of this asset class.

Metals have been outperforming crypto.

Stocks have been outperforming crypto.

The real money is being made outside of crypto.

Crypto Twitter has devolved into AI slop.

If you're tired of all of this, you should LEAVE.

A lot of what I said is true.

But I will stay.

Write every single day.

Study more about crypto.

Meet more people and make things happen.

Do my part to improve discourse around cryptocurrency and make a positive impact in this asset class, even if it amounts to a spec of dust.

Will be buying more Bitcoin and actively look for interesting altcoins.

I will keep using DeFi.

I will keep using DEXes.

I am going to stay, and if you understand why, you will stay and make it too, eventually.

-gum