In the crypto world, any project can easily go under in a single day. I've seen some good projects fail.
A striking example was IronFinance. I saw the Titan token plummet from $60 to almost nothing in a single day. The culprit was a hacker who drained their treasury by issuing too many tokens.
And they can fail for many reasons; it's not always a scam.
If it has a single point of failure and that is not clearly communicated to all investors in a transparent way, to me that could potentially end up being a scam.
It is not technically a scam but it is weird this happens so much because most people in crypto assume things are decentralized first without asking questions. A lot of that does come down to the investors doing their own research to be fair.
But you are right, lots of projects fail just because of poor management and a lot of these projects were originally intended to do something great but that did not work out. Happens all the time in the real world and it will happen in crypto. I am not denying that.
I don't know the whole story behind Bro. And I haven't seen the complete script.
There's a lot of missing information. A project can fail for many reasons. It's not always a scam.
What is wrong, though, is going around saying the token is worthless, sell it. It's unforgivable from my point of view. But it leads to an immediate drop in the token's price due to sales on the exchange and in the liquidity pool.
It's also not good to resort to mystical delusions and argue with half the network. Although it is entertaining to watch the arguments.
@diegoloco I would say I have made my case to you and you are welcome to believe what you want. I’m going to move on to conversations with other people.
I will find the other blog posts that talk about what happened and post them here later when I have time.
Stickupcash is prob SUB I am guessing. Someone else would have to confirm this.
No wonder SUB has been curating RisingStar Content. He has a lot of Starbits!
I won't even downvote Risingstar content anymore now that I see this cause I just feel bad. I don't even care who SUB downvotes anymore. No wonder he won't leave HIVE. Dam.
SUB was always trying to get me to buy Starbits. He asked me to at least 5 times.
I swear the more you look into this stuff the more it makes sense.
I am making assumptions sure. But normally if you follow the money it will give you the answer.
Also, I think whoever runs Risingstar got screwed more than most people when Ray told people to sell. This person had stuff in the swap pools and that was most people's exit liquidity at the very end. LBI holders got screwed by this too. Ray did tell people to create BRO swap pools to support him with more liquidity shortly before he told people to sell.
The more I think about it, Starbits got screwed by this too. Bro becoming worth less (not worthless) means you need less Startbits per Bro in a swap pool. Starbits token price did get hurt when Ray told people to sell BRO.
Lot's of people got screwed not just me. People not talking is not a defense of Ray either. I think most people need to focus on their investors and have to fix what Ray did to their projects too.
Altcoins are still falling. I was hoping BTC would drop a bit and money would flow into altcoins, but I'm not seeing that. The entire market is falling along with BTC.
Most Bitcoiners invested in Bitcoin Treasury companies this cycle and lot of these companies peaked in price and already deflated. https://bitcointreasuries.net/
I mostly trade stocks and was an early investor in a lot of these Bitcoin treasury companies. I made money on some and lost money on some also. These trades did not fundamentally change anything on my end financially and was mostly a waste of time in the end, like alts tend to be in my opinion lol. Just better to buy BTC for most people I guess 🤣 NFA DYOR
Tradfi is in crypto hard now; they will make more money than retail ever did and Tradfi will never walk away from this. It is just too easy to make money for them right now. Tradfi wants their inherently greedy hands on everything crypto except HIVE for some reason. That makes HIVE really valuable and most people do not appreciate this on HIVE. (There are lots of good people in tradfi, many people just want a job and want to buy things for their family. But finance and trading is inherently greedy. People need to be careful always because getting greedy will impact people's trades and will cause them to make irrational bets).
Many Bitcoin treasury companies now trade to a discount to their Bitcoin which is strange and probably means that party is over. But who knows? I don't know, it is just a theory if anything.
It will be interesting to see what Bitcoiners rotate into next cycle if Bitcoin Treasury "season" is over. I believe Bitcoin Treasury "Season" is over but I could be wrong. None of this is financial advice and I am mostly exploring ideas with people like you who do not agree with me on a lot of things but want to talk.
These conversations are valuable to me and I do use them to make more informed decisions.
Ray believed in Alt Season and he waited and waited and everything blew up and he thinks it's HIVE's fault. That is my opinion anyways and I do not believe Ray is the only person that has been doing this. The majority of people in crypto and the real world think like Ray did. "Just wait, and we will get rich...." Seems irrational 🤷♂
I saw a video that said we're past altcoin season. And it might be true. We've already seen altcoins with prices much higher than current ones, even with BTC lower.
I don't give financial advice. I think the best thing about these situations is that everyone has to make their own decisions and, above all, learn from their own mistakes.
It's also good to hear different opinions.
At the end of 2024, it was around 10.50. Today it's at 1.76.
And I think a good portion of the altcoins are doing the same.
Time will tell what will happen, and then we can evaluate it.
It might be true that we missed the altcoin bull run, waiting for a "To the Moon" event that ended on Pluto, which didn't happen.
Hive was at 0.60 in January of this year, and today it's at 0.085.
Yea I believe alt season is not a real thing but people rotating bitcoin into the new shiny thing is.
I think Initial Coin Offerings (ICOs) in 2017 was the first major "alt season" and we have had different iterations of it ever since. E.G. ICOs, NFTs, Meme tokens, stocks that buy crypto, etc.
Something else will happen like alt season, it is my opinion but I am convinced of that. But front running people before something gets the shiny factor is probably impossible to do forever in a profitable way.
If it is profitable to do forever, I am haven't figured out the formula yet.
I believe at some point SUB and Ray were good people. People stole money from them in this space cause that is how a lot of L2 stuff works. Someone else needs to buy so other people can dump. Invite your friends it will be great!
They did invite their friends here. Their friends lost money too.
But this is not HIVEs fault. And just because someone steals from me does not mean I am going to start a project and then steal from someone else.
The gut reaction when BRO blew up was to make another token. Within 24 hours after Bro blew up and was officially over, people started shilling me their meme token projects. They need investors so they can exit and Ray made it seem like I was a good target. I am not a good target and that was a mistake for Ray to make this assumption and then post about it on chain, forever, about how no man should lose as much as me. Ray created this situation and if anyone should be mad at anyone for what my personal reaction is, they should ask Ray for their money back so they can exit. Ray still believes in alt season, Ray still believes he can fix this. I have seen enough of this nonsense and no one is going to fix this.
The only way to fix this is for Ray to do something to show he is sorry and he needs to mean it; his agenda must be remorse. Ray needs to do something with his actions to prove to people he is sorry. Right now him and SUB are doing the opposite. They think this is normal and I think it is wrong to steal, especially if it is not for food but just to get rich. 🤷♂
What token was created after BRO? I missed that.
I believe that in everything financial, second chances shouldn't be given. I don't accept redemption. Especially in the crypto world.
I am not going to call out these people on chain. They were just doing what is "normal" in meme token land and I think they just didn't realize it is really gross to do that on HIVE in particular because it has a blog that cannot be deleted. When rug pulls happen here, they in theory will be remembered for eternity.
I don't think other people should pay for Ray's sins. That is my position and I will promote that with my stake. I do not think the other people did anything inherently wrong and I think a lot of these other people feel like they have to support Ray and they don't know why. Social Engineering works.
Seems like we are in a bear an alt season isn't happening.
In the crypto world, any project can easily go under in a single day. I've seen some good projects fail.
A striking example was IronFinance. I saw the Titan token plummet from $60 to almost nothing in a single day. The culprit was a hacker who drained their treasury by issuing too many tokens.
And they can fail for many reasons; it's not always a scam.
If it has a single point of failure and that is not clearly communicated to all investors in a transparent way, to me that could potentially end up being a scam.
It is not technically a scam but it is weird this happens so much because most people in crypto assume things are decentralized first without asking questions. A lot of that does come down to the investors doing their own research to be fair.
But you are right, lots of projects fail just because of poor management and a lot of these projects were originally intended to do something great but that did not work out. Happens all the time in the real world and it will happen in crypto. I am not denying that.
I don't know the whole story behind Bro. And I haven't seen the complete script.
There's a lot of missing information. A project can fail for many reasons. It's not always a scam.
What is wrong, though, is going around saying the token is worthless, sell it. It's unforgivable from my point of view. But it leads to an immediate drop in the token's price due to sales on the exchange and in the liquidity pool.
It's also not good to resort to mystical delusions and argue with half the network. Although it is entertaining to watch the arguments.
I genuinely have no idea what you are trying to say 🤷♂️
@diegoloco I would say I have made my case to you and you are welcome to believe what you want. I’m going to move on to conversations with other people.
I will find the other blog posts that talk about what happened and post them here later when I have time.
I did some quick research.
Stickupcash is prob SUB I am guessing. Someone else would have to confirm this.
No wonder SUB has been curating RisingStar Content. He has a lot of Starbits!
I won't even downvote Risingstar content anymore now that I see this cause I just feel bad. I don't even care who SUB downvotes anymore. No wonder he won't leave HIVE. Dam.
SUB was always trying to get me to buy Starbits. He asked me to at least 5 times.
I swear the more you look into this stuff the more it makes sense.
I am making assumptions sure. But normally if you follow the money it will give you the answer.
Also, I think whoever runs Risingstar got screwed more than most people when Ray told people to sell. This person had stuff in the swap pools and that was most people's exit liquidity at the very end. LBI holders got screwed by this too. Ray did tell people to create BRO swap pools to support him with more liquidity shortly before he told people to sell.
The more I think about it, Starbits got screwed by this too. Bro becoming worth less (not worthless) means you need less Startbits per Bro in a swap pool. Starbits token price did get hurt when Ray told people to sell BRO.
Lot's of people got screwed not just me. People not talking is not a defense of Ray either. I think most people need to focus on their investors and have to fix what Ray did to their projects too.
@diegoloco I don't think a complete script will ever exist. Ray would have to tell us and we would have to believe him....
Here is the story from the perspective other HIVE users:
• https://peakd.com/hive/@themarkymark/psa-brofundbromancave-likely-compromised-3sa
• https://peakd.com/hive-177682/@neoxian/scam-warning-raymondspeaks-and-bro
• https://peakd.com/hive-111011/@bulliontools/the-fall-of-bro-lgn
• https://peakd.com/hive-178138/@bulliontools/bro-lgn-and-cine-the
• https://peakd.com/hive-178138/@dbooster/where-everyone-knows-your-name
Altcoins are still falling. I was hoping BTC would drop a bit and money would flow into altcoins, but I'm not seeing that. The entire market is falling along with BTC.
Most Bitcoiners invested in Bitcoin Treasury companies this cycle and lot of these companies peaked in price and already deflated. https://bitcointreasuries.net/
I mostly trade stocks and was an early investor in a lot of these Bitcoin treasury companies. I made money on some and lost money on some also. These trades did not fundamentally change anything on my end financially and was mostly a waste of time in the end, like alts tend to be in my opinion lol. Just better to buy BTC for most people I guess 🤣 NFA DYOR
Tradfi is in crypto hard now; they will make more money than retail ever did and Tradfi will never walk away from this. It is just too easy to make money for them right now. Tradfi wants their inherently greedy hands on everything crypto except HIVE for some reason. That makes HIVE really valuable and most people do not appreciate this on HIVE. (There are lots of good people in tradfi, many people just want a job and want to buy things for their family. But finance and trading is inherently greedy. People need to be careful always because getting greedy will impact people's trades and will cause them to make irrational bets).
Many Bitcoin treasury companies now trade to a discount to their Bitcoin which is strange and probably means that party is over. But who knows? I don't know, it is just a theory if anything.
It will be interesting to see what Bitcoiners rotate into next cycle if Bitcoin Treasury "season" is over. I believe Bitcoin Treasury "Season" is over but I could be wrong. None of this is financial advice and I am mostly exploring ideas with people like you who do not agree with me on a lot of things but want to talk.
These conversations are valuable to me and I do use them to make more informed decisions.
Ray believed in Alt Season and he waited and waited and everything blew up and he thinks it's HIVE's fault. That is my opinion anyways and I do not believe Ray is the only person that has been doing this. The majority of people in crypto and the real world think like Ray did. "Just wait, and we will get rich...." Seems irrational 🤷♂
!PIMP
!PIZZA
I saw a video that said we're past altcoin season. And it might be true. We've already seen altcoins with prices much higher than current ones, even with BTC lower.
I don't give financial advice. I think the best thing about these situations is that everyone has to make their own decisions and, above all, learn from their own mistakes.
It's also good to hear different opinions.
At the end of 2024, it was around 10.50. Today it's at 1.76.
And I think a good portion of the altcoins are doing the same.
Time will tell what will happen, and then we can evaluate it.
It might be true that we missed the altcoin bull run, waiting for a "To the Moon" event that ended on Pluto, which didn't happen.
Hive was at 0.60 in January of this year, and today it's at 0.085.
Yea I believe alt season is not a real thing but people rotating bitcoin into the new shiny thing is.
I think Initial Coin Offerings (ICOs) in 2017 was the first major "alt season" and we have had different iterations of it ever since. E.G. ICOs, NFTs, Meme tokens, stocks that buy crypto, etc.
Something else will happen like alt season, it is my opinion but I am convinced of that. But front running people before something gets the shiny factor is probably impossible to do forever in a profitable way.
If it is profitable to do forever, I am haven't figured out the formula yet.
I believe at some point SUB and Ray were good people. People stole money from them in this space cause that is how a lot of L2 stuff works. Someone else needs to buy so other people can dump. Invite your friends it will be great!
They did invite their friends here. Their friends lost money too.
But this is not HIVEs fault. And just because someone steals from me does not mean I am going to start a project and then steal from someone else.
The gut reaction when BRO blew up was to make another token. Within 24 hours after Bro blew up and was officially over, people started shilling me their meme token projects. They need investors so they can exit and Ray made it seem like I was a good target. I am not a good target and that was a mistake for Ray to make this assumption and then post about it on chain, forever, about how no man should lose as much as me. Ray created this situation and if anyone should be mad at anyone for what my personal reaction is, they should ask Ray for their money back so they can exit. Ray still believes in alt season, Ray still believes he can fix this. I have seen enough of this nonsense and no one is going to fix this.
The only way to fix this is for Ray to do something to show he is sorry and he needs to mean it; his agenda must be remorse. Ray needs to do something with his actions to prove to people he is sorry. Right now him and SUB are doing the opposite. They think this is normal and I think it is wrong to steal, especially if it is not for food but just to get rich. 🤷♂
What token was created after BRO? I missed that.
I believe that in everything financial, second chances shouldn't be given. I don't accept redemption. Especially in the crypto world.
I am not going to call out these people on chain. They were just doing what is "normal" in meme token land and I think they just didn't realize it is really gross to do that on HIVE in particular because it has a blog that cannot be deleted. When rug pulls happen here, they in theory will be remembered for eternity.
I don't think other people should pay for Ray's sins. That is my position and I will promote that with my stake. I do not think the other people did anything inherently wrong and I think a lot of these other people feel like they have to support Ray and they don't know why. Social Engineering works.