re: Another Crypto network imploding (Celsius)

quote:

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I had some eth in a coinbase account, but sold after watching that Line Goes Up youtube video as well as coffeezillas channel, a lot of these "projects" are basically just frickin ponzi schemes. Scamming and rugpulls in the crypto space is giving the entire industry a pretty big black eye. It definitely needs regulation.

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honestly there are probably less than ten projects that deserve any attention at all. Most crypto projects are outright scams or ideas that would not benefit from decentralization. People only put money into some of no-name coins because they hope for a moonshot, but that's definitely how you know you're in a speculative bubble. I also think the sheer number of these projects are why Bitcoin didn't get to the 100k people predicted as the cycle top, the greedy money just got spread around.