maxvoice.Canton

@CryptoCred Too many scams and degens poisoned the market and robbed newcomers. Of course it's shit. The exchanges are part to blame for this. @coinbase @binance

Crypto's current state is a bit shit 1. Market cap is not an indicator of quality - the top 50 is made up of ghost coins or bloated governance slop that has underperformed and is uninvestable 2. The long tail speculative stuff went from high risk high reward to 'some dude in Miami is going to zero this if you hold it for more than 5.9 seconds' 3. Everything is extremely correlated and you can't meaningfully make bets based on sectors as it all converges into a tightly correlated mush, especially to the downside 4. Broad brush alt season is an artefact of the past that's very hard to replicate given (2) and given that there are simply too many coins and the excess of speculation doesn't really happen on centralised exchanges anymore - it's been siphoned off to bundled shit in max PvP settings 5. Crypto reputationally is no longer the sexy frontier of speculation. Institutional bid is in AI, retail speculative bid is in 0DTE equities, single name stocks etc. 6. Convexity has flattened. Even a lot of the historically safe blue chip stuff (BTC, ETH etc.) has underperformed and the historical anchor of 'buy deep drawdowns because all-time highs are guaranteed and explosive' has disappointed. All the shit we used to put up with because of the accessibly massive trend and momentum effects is now harder to justify because those same effects are getting neutered or siphoned off into other arenas. The obvious rebuttal is 'cycles' but even this past cycle is a useful counterpoint: it was extremely concentrated versus broad brush wealth effect, plus something very obviously broke after 10/10. So what does this all mean? 1. In previous cycles, nailing timing was enough and selection was the cherry on top (rising tide lifted all boats). I don't think that holds - both timing and selection matter now and in the future. 2. Participation alone can be an edge if the asset class is early enough and/or mispriced enough. I don't think that holds either, and we might actually have to learn how to trade (fuck). 3. Hopefully I'm an idiot doomposting the bottom GM

@omoteurax They could definitely use a private version of Tezos or another blockchain, so they can keep full control.

@maxevoice Institutional adoption usually means full KYC at the protocol level. If the ECB logs every purchase, cash or Monero are the only ways to stay private.

#Tezos is the most likely blockchain to be used for the Digital euro in my opinion. Best tech, big dev teams in France, UK, Germany. Institutional adoption in the big euro countries. No BS blockchain. I estimate a 25% chance that Tezos will be used for digital euro. #blockchain

@shafu0x No wonder. When 99% are scams and scammers or degens

crazy how bad crypto's reputation is

@ryangtanaka @BakerIsland1 My quant says the btc bottom is not yet in. TA says we go lower. But on the other side, with Strategy buying so much btc, it affects price positivitely.

Been a while since I posted one of these but honestly there hasn't been much going on the last 3 months. Aside from Tezos' uranium project, crypto has mostly bottomed out uniformly, both in price and morale. If people think it's going to go up, there should be reasons why that would happen. But the opposite is true - are there still reasons to think that it can get any lower?

@jussy_world @kucoincom @krakenfx These crypto exchanges supported scams, promoted scams to people and did nothing to support legit projects.

Crime from different CEXs: @kucoincom > Let $13M+ get laundered through 100+ deposit addresses > Weak KYC + instant swaps abused @krakenfx > Supported manipulation of Memecore’s (M) lisitng > $7.9M in withdrawals flagged to 18 fresh wallets > 11.7M $M now sitting there (~$39.8M) > Market cap pushed to $6B ($18B FDV) @binance, @bitget, @Gate etc > Listed tokens like RAVE, SIREN, MYX, COAI, PIPPIN, RIVER > Massive red flags, team controlled 90% of supply > Made millions on price manipulations while users got wiped, on crazy funding rates They see everything and still let it run, then act like they had no idea Pure extraction

@ER404i Crypto is a joke now. Thanks to the exchanges, the greed and the degens

Legit project dump and scam project pump 🤘🏻 reality of crypto 😂

@kyledoops It's a useless scam

$M just turned into a structure story… On the surface it’s a big L1 products live major listings Looks solid But then ZachXBT flags this supply might be way more concentrated than people think On-chain chatter suggesting a large chunk held by insiders with very low float actually trading That changes how you read price Because low float does two things • pushes price up fast • pulls it down even faster So moves start to look clean but they’re not really backed by broad participation Docs say community-heavy but the on-chain picture is what traders react to So now it’s less about the narrative more about the structure underneath High valuation + low float that combination… doesn’t behave normally

@Crypto__Haris Crypto is an embarrasing joke. Shame on all exchanges and actors that let it get to this. Greedy fucks. @brian_armstrong @cz_binance @BinanceAcademy

🚨 $RAVE: Don’t fall for this scam. In the next 14 days, you will see $RAVE below $0.2, and a delisting from Binance and other major exchanges is coming soon.

@RaveDAO Scammer

@RaveDAO Fuck off scammer

We have observed heightened market volatility in $RAVE We encourage all users to remain mindful of the associated risks and to exercise caution, particularly when using leveraged positions

@Shilllin Crypto is a big joke now. Scams are worth more than legit projects

Who is doing this Rave is liquidating everyone

@TezosTexas I lost so much money investing in xtz. But I'm starting to finally move on with my life, and it doesn't bother me as much anymore.

This is so Tezos $XTZ . Classic

@Honeyxgpt @okx Crypto is a total joke now. Shame on the companies and people who made it this way.

Biggest scam in crypto history ‼️⚠️ $RAVE magically hit $13.27 on @okx and wiped out someone with $1.1M the biggest liquidation so far But here’s the question no one’s asking How does it hit $13.27 when it never even traded there anywhere else?

@ER404i I took a loss shorting $siren a few weeks ago. I got liquidated and it sucked. So I have not done the same mistake with Rave. The market can stay stupid longer than you can stay solvent

Down around $45k on $RAVE right now, nothing new. We have seen this before, and we are used to it. One thing is common - this same pattern will repeat.

@ER404i Exchanges like @binance and @MEXC should delist these coordinated cabal scams

Behind all this, you’ll see that 90% of those token developers are Chinese.

@ER404i Pump and dump scam

explain $aria in 1 line

@ER404i Criminals

ok boys and girls 16th candle is becoming red

@jussy_world Rave is just another pump and dump scam like Siren. They should both be delisted from exchanges. Tells another about this market when blatant scams make it into the top 100.

$RAVE went up from $0.2 to $2 in 3 weeks 800% pump with no clear catalyst in this bear market What's actually going on: • Rave is the token of RaveDAO, which hosts crypto parties • There is no major annoucement during the pump • On-chain activity looks manipulated • Right as the pump started, 2 wallets dumped 18.58M RAVE tokens into Bitget • Those wallets? Linked to the token's own deployment address • $8M in and now worth $40M Trump Jr. rted RAVE listing back in December, could he be behind it? Or just another scam exit liquidity play?

@FameandFury @Grayscale @variational_io Literally happened to me today. Had i waited a few minutes more only

The chart the exact second you close your short. 💀📈 Yo, @Grayscale, are you still considering $ARIA a promising asset?