Crypto Users Grapple with Exchanges & Scams
10 posts across 2 communities in the last 90 days; 90% from r/CryptoCurrency.
“I don't think you understand crypto if that's your perception. The people that were drawn to crypto for the trustless nature and other properties, can still enjoy those, regardless of whatever centralized entities build on top of it. It's sort of like thinking you can't use…”
“Honey, I concede you know more about crypto. I dont do crypto. But you know f'all about Bitcoin and thats evident by the fact you cant differentiate between the two. Prehaps you should stick to crypto and not talk about Bitcoin? Honey???”
“Yeah, any attack isn't going to target satoshis wallet and then announce it unless the whole plan is to destabalise cryptocurrency. It would be slow and steady stealing of honey not wanting to spook anyone”
Users are expressing concerns about cryptocurrency exchanges (Revolut, Trust Wallet), discussing price predictions, and questioning the legitimacy of various projects. There's a strong undercurrent of skepticism and warnings about scams.
SOURCES (15)
“I don't think you understand crypto if that's your perception. The people that were drawn to crypto for the trustless nature and other properties, can still enjoy those, regardless of whatever centralized entities build on top of it. It's sort of like thinking you can't…”
“Yeah, any attack isn't going to target satoshis wallet and then announce it unless the whole plan is to destabalise cryptocurrency. It would be slow and steady stealing of honey not wanting to spook anyone”
“lol why would you care about the price when the supplies are absolutely not the same? That doesn't make any sense”
“Nope. People understand useful things very quickly. Crypto and WhatsApp are both peer to peer so they would spread the same way if both useful.”
“Regular money is also a shared delussion. But the violence behind it is real....so its different. Bitcoin doesn't have an army...... yet.”
“Then say "cryptocurrency" or "cryptocurrencies". Crypto sounds singular. Yes, a car can be a Rolls Royce or a rusty old piece of junk, but nobody treats them as if they're all the same.”
“the set of people "day-trading" that are up long term is vanishingly small. probably worse in crypto. the most likely truth: he has an inheritance and is slowly dicking it away click trading monkey tits. Even if not true, his behavior is not suitable for a long term relationship, but the most likely truth is the truth.”
“He sounds like an addict. If he has to be up at 3AM to do trades, that’s addiction level. Seems very similar to a gambling addiction from what I can tell, but I’m no specialist on the matter.”
“You do know that if crypto were to take over those same grandmas scams wouldn’t disappear, they’d just be using crypto instead. The risk of crypto is the crypto specific scams plus the risk of existing fiat based scams.”
“people ask where to trade onchain and find a list of protocols as if they operate in a similar fashion often no where mentioned that the onchain forex are forex arent same . you are not trading real currency pairs . you are trading perp contracts that track forex prices . eurusd goes up and your position mirror the movement with the same exposure if you need actual currency conversion for a real world reason this is the wrong tool . if you just want price exposure without opening a brokerage acc”
“If you're still asking yourself if BTC is a scam you've pretty much self-identified as a crypto noob who hasnt done much homework or trading.”