I'm going to go ahead and say it.

FTX/binance adding what feels like a new pair every day is unhealthy for the space and not what we should be chasing/encouraging. But you all keep market longing these new listing pumps and they collect fees.

I feel like it's creating an unhealthy fervor and a long only environment.

None of these coins do shit. 95% of you can't explain why they are worth what they are worth.

It utterly feels like a big happy casino run before either bitcoin nukes, killing altseason for a while, or pumps, killing off btc pairs for a minute.

Been in crypto a long time and I've never been in a time where we see multiple perpetual futures being listed week by week.

This is getting weird and overly degenerate. Even for Crypto standards.

At this point I'm shitcoin apathetic. I can't make them go away and they arguably make some of us a lot of money.

But it feels like we're at the peak of degeneracy where someone could have a literal shit stain for a whitepaper (now a brown paper) and it would still pump 400%

There are a million other things exchanges should be working on instead of listing new shitcoins and generating revenue they don't need.

Their respective UI's for example and lack of power user features even after years of time and money to do so.

Order laddering, encouraging liquidity for their option offerings, security, investor relations, anything.

Solid platforms bring new users and maturity to the space.

I am obviously not against traders making money. If you're prospering in this madness, GG. Alt season is alt season.

But the crypto institutions we now have are letting you think you're going to win. Long everything and win forever.

We're all geniuses.

Until we're not.

That all having been said I just put 100% of my account balance into YFI lol HODL.