VOXEL's Delisting Surge: A Cautionary Tale of Crypto Irresponsibility

Life in the crypto world is always incredible, isn’t it? Just when you think you’ve seen everything, something like the VOXEL surge happens. A coin about to be delisted on Binance, doubling then tripling then exploding more than 700% in three days… how does that happen? It's absurd, frankly. It’s a moral hazard of planet-sized proportions. It is a flashing neon sign screaming “moral hazard” and frankly, this makes my blood boil.

Is Crypto Becoming A Casino?

Let's be blunt: this isn't investing. It's gambling, pure and simple. Believe me, I get the siren song of get-rich-quick schemes, the fantasy of never having to punch a clock again. But VOXEL's surge isn't about innovation or long-term value. It's about exploiting the fear of missing out (FOMO) and a herd mentality that's frankly dangerous. This is starting to feel like the dot-com bubble—or maybe even tulip mania. Remember those? Individuals remortgaging their homes to purchase tulips, and then witnessing their fortunes evaporate in a single day. Are we really so different now?

Binance putting VOXEL in their “Vote to Delist” batch should have been the coffin’s final nail. Instead, it turned into a strange enabler of a pump-and-dump scheme. What does that indicate about the state of crypto investing in the present day? It speaks to a much deeper problem of personal responsibility. These folks are blindly tossing piles of greenbacks at projects that they evidently don’t yet grasp, all in the name of hype and the lure of easy riches.

Think about it. Binance flags projects like VOXEL with "Monitoring Tags" for a reason: outdated tech, poor community engagement, questionable leadership. These aren’t just red flags, they’re freaking sirens blaring! We are now just feet away from a demolition derby powered by ignorance and avarice.

The Perils Of Short-Term Thinking

This VOXEL situation highlights a deeper issue: the obsession with short-term gains over long-term value. We live in an age of instant gratification, where everybody wants to strike it rich overnight. Speculation doesn’t create true wealth—only productive long-term work, good decision-making and an eye toward the future can accomplish that.

It’s akin to purchasing a home constructed on a swamp. Initially it can seem like a wonderful bargain. In the long run, though, the foundation will disintegrate until all that’s left is an empty shell.

And don’t get me started on the influencers and “crypto gurus” that shill these types of projects. Then, after profiting from the hype, it’s these same institutions that leave unsuspecting investors holding the bag when the inevitable crash occurs. The overall impact of this practice is predatory, and it’s frankly disgusting.

Once the hype dies down, shorting VOXEL using perpetual contracts should prove an attractive opportunity. Although that may be a good approach for seasoned speculators, I certainly wouldn’t advise the average investor to do that. Shorting is a risky game. It is easy for people who short stocks to lose a lot of money if they’re not careful.

What Can We Learn From This?

So, what's the takeaway from all this? First, do your own research. Don't blindly follow the crowd. Understand the projects you're investing in. Focus on the fundamentals, the team, the technology. If it sounds too good to be true, it definitely is.

Second, manage your risk. Don’t implement everything at once. Diversify your portfolio. And don’t invest more than you’re willing to lose. I know it's tempting to go all-in on the next "hot" coin, but that's a recipe for disaster.

Third, keep in mind that sustainable and responsible investing is a long-game. It’s not a get-rich-quick scheme — it’s a get-rich-slowly strategy. So be patient, be disciplined, and don’t allow fear or greed to write checks your portfolio can’t cash.

The VOXEL surge is a cautionary tale. It’s a reminder that the crypto market remains the wild west, fraught with dangers and snares. With caution, diligence, and a healthy dose of skepticism, you can navigate these treacherous waters and hopefully avoid becoming another victim of the next pump-and-dump scheme.

Let’s hold ourselves to a higher standard, and let’s hold projects in the crypto ecosystem to a higher standard. Let's strive for a more mature and sustainable ecosystem, one that's built on innovation, transparency, and long-term value. The future of crypto depends on it.

Let's demand more responsibility from ourselves and from projects in the crypto space. Let's strive for a more mature and sustainable ecosystem, one that's built on innovation, transparency, and long-term value. The future of crypto depends on it.