9 practical tips for investing in Defy!

pantek talacuik

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Quote from: maximumcoin on December 15, 2020, 10:04:34 PM

I think this time is still not a right time to invest on Defi projects for long term yet, just should invest for short time because in my opinion, there is no certainty or clarity on this time, it looks like ICO projects before. So, let's wait and see how the more certainty signal.

Haste is not very good nowadays, just looking at the high price doesn't mean you can make big profits quickly, People who make big profits already invested a few months ago.

libert19

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Quote from: mariah.sadio on December 11, 2020, 03:16:21 AM

1. tip
Avoid defy
2. tip
If you decide to ignore first rule never invest more than you can afford to loose

2nd. Defi projects are high risk high reward. Returns are crazy if you got in time on good project.

JHORN

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Can't deny that fact that DeFi scam is just like ICO scams, the whole idea is repeating other legit DeFi projects use cases, here is my own way of investing on DeFi projects

1. Go for old DeFi projects that have existed before 2020 or before DeFi hype started
2. It's better to go for DeFi projects that are introduced by top exchanges probably through IEO because I believe top exchanges are good at keeping their reps safe
3. DeFi projects must have high quality use case and also the team must be visible and have pro blockchain experience, transparency on the other hand but be present

irixo10

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DeFi made a lot of hype and a lot of them sprung up within a very short time, however today, can what was said about DeFi months ago ( that is about how profitable and revolutionary it is) be said today? I don't think so, or rather a very small percentage of them are actually with a good prospects, as for others, it is either they are hacked, the team exited scam or they are dead. Which then brings us to the Importance of researching all these projects to be sure they have the users at heart through building trustworthy working products and services. Who knows, very soon a new trend will start and what happened in Defi may happen again. Lastly, as for Dex; the idea to have more Dex is good in order to be more sure of your asset security but yet again, the way they are springing up nowadays calls for everyone to be careful as scammers do not miss out on any opportunity.

kram31

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I don't have any idea about investing in Defi, except before this year I heard YFI if I am not mistaken it surpassed the price of bitcoin
then many of the community invested unto it then in the end they cried because the price of it was totally down from 33k$ almost if I am not mistaken and now Bitcoin was in period of rally to spike its price value in the market. SO, thanks for this very nice tips you gave it here dude.

tuchenvi

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Quote from: Drahzar on December 30, 2020, 08:54:46 PM

Quote from: tuchenvi on December 30, 2020, 04:28:01 PM

thank you, nice tips. as for me i prefer to invest in credible dex projects coz i strongly believe they will succeed in nearest future and replace centralized exchanges soon

also believe this) i'm researching a lot of interesting dex projects - recently researched a new stablecoin dex with nice returns - xsigma, looks credible

yes, cool guys, just read a news that one of the development leader from Ripple joined the team. ans they are backed by a public company

Drahzar

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Quote from: tuchenvi on December 30, 2020, 04:28:01 PM

thank you, nice tips. as for me i prefer to invest in credible dex projects coz i strongly believe they will succeed in nearest future and replace centralized exchanges soon

also believe this) i'm researching a lot of interesting dex projects - recently researched a new stablecoin dex with nice returns - xsigma, looks credible

Dragonfund

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Dropping of price sharply is never new thing to us in this space, it happens most of the time when team or investor remove their Liquidity leaving others without liquidity.
Most of the time, these DeFi are not well audited as they claimed. It has made many loose their money especially ones that are always been greedy. The recent attack on Cover protocol comes to my mind, it dump almost 99% with an excess coin in supply.
There are other that has happened in the past such as kimchi, yam, sushi was deliberately dumped by the team but it later survived due to some influence and interest on the platform.
Always proceed with caution on this DeFi, cool money can be made here and at the same time can be lost, if not all Cry

tuchenvi

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thank you, nice tips. as for me i prefer to invest in credible dex projects coz i strongly believe they will succeed in nearest future and replace centralized exchanges soon

retalids

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Quote from: Indiana1990 on December 11, 2020, 02:23:15 PM

Quote from: retalids on December 10, 2020, 04:14:13 PM

Quote from: Indiana1990 on December 09, 2020, 03:30:11 PM

useful tips thank you ) personally i try to invest in credible dex projects i believe with nive financial model they can be successful

oh so u might be interesting in new stablecoin dex - xsigma, just announced and looks credible - they are backed by a public company

can u share any link or smth about them to learn more?

https://xsigma-lab.medium.com/meet-the-brains-behind-xsigma-defi-d2e89928f3f7 I read here about them

maximumcoin

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I think this time is still not a right time to invest on Defi projects for long term yet, just should invest for short time because in my opinion, there is no certainty or clarity on this time, it looks like ICO projects before. So, let's wait and see how the more certainty signal.

Jamesdila1

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It is crucial to make research before buying any tokens
DeFi projects grew in terms of popularity in 2020 and many people are using that to scam investors and traders.

Jamesdila1

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For me the best way to invest in DeFi is always better to participate in the launch of a new project and get rewards in form of tokens but always beware of scams.

crzy

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Quote from: mariah.sadio on December 11, 2020, 03:16:21 AM

1. tip
Avoid defy
2. tip
If you decide to ignore first rule never invest more than you can afford to loose

Avoid scam DeFi instead since there’s a lot of good projects on DeFi and they are successful now. Investing is about risk so literally, if you don’t want to lose money then don’t invest at all. Any kind of development in cryptomarket consist of risk, and only those who are willing to take such risk will succeed.

bttmember

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AMEPAY

People who are new to defi and yield farming i would suggest to stay away untill you have enough knowledge of how everything works or you can use other platforms that will manage your money and pay you your yield farming profits automatically, there are many such platforms available like swissborg and yield app is the one im looking forward to but it is still under development.

Slingshot

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Absolutely great. It was then I invested in defi presale because of current heartbreaks. I now prefers buying after presale than during presales. It dumps immediately they provide liquidity so buying at that range will help you benefit when they want to pump it back to presale price instead of buying at presale. This isy little trick though.

bitcon

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Investing in De Fi according to the classic scenario-buy cheap sell expensive can be considered the most frequent. But the main difficulty of such trading is the volatility of new coins is simply huge! You can earn a lot of money and just as easily lose it.

zasad@

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Quote from: btc_angela on December 11, 2020, 03:25:55 AM

Quote from: zasad@ on December 10, 2020, 04:30:14 PM

Quote from: Indiana1990 on December 09, 2020, 03:30:11 PM

useful tips thank you ) personally i try to invest in credible dex projects i believe with nive financial model they can be successful

If you noticed the publication date of the topic (September 15), then I will tell you that most of the information is no longer relevant.
Yield Farming has now lost its relevance. And there are also many proven projects that you can invest in. And from the author's post, we can conclude that all investments in DEFI projects are risky.
And for security, the most budgetary Ledger Nano S wallet is enough

Yeah, that's right, I was about to say that. Defi is evolving, and during the write up, it is really making a lot of noise and making people a lot of money. But a lot has change already, the risk is greater that once you go in, you might lose your money because of so many hacks and scams going around.

So if anyone still wanted to join the hype then think again, don't put all your money, observe and don't be greedy and educate yourself specially those scams that is very rampant in Defi right now.

Where do you find scams? Perhaps you buy unknown tokens and want to get 10000% profit

I always warn users not to buy unknown tokens, but to invest in projects that have been verified and are traded on centralized exchanges.
There has always been and will be a lot of fraud in the cryptocurrency field, you need to be careful not only with DEFI projects.

tabas

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Quote from: quarkfx on December 11, 2020, 03:08:59 AM

Same as 95% of 2017/2018 ICO turn out to be scams, to many DEFI projects slowly or fast show their bad intentions. It is very dangerous zone of crypto right now.

I agree that it is very dangerous for newbies to become interested in the newer projects in the defi scene. Just like the ICO, you've got it mate.
Very much harder this time because after the success of the first defi projects, there's a bunch of projects that come in and investors are seeking to see that most of them will also become successful.
But the fact is that they don't.

Indiana1990

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Quote from: retalids on December 10, 2020, 04:14:13 PM

Quote from: Indiana1990 on December 09, 2020, 03:30:11 PM

useful tips thank you ) personally i try to invest in credible dex projects i believe with nive financial model they can be successful

oh so u might be interesting in new stablecoin dex - xsigma, just announced and looks credible - they are backed by a public company

can u share any link or smth about them to learn more?

Topic: 9 practical tips for investing in Defy! (Read 314 times)