Topic: After Sushi Dump CZ reply with Highly risk especially on Defi project ?? Agree ? - page 3. (Read 878 times)
September 08, 2020, 05:46:02 PM
This is the wild wild west of crypto. There will be scams, but there will be many useful experiments too, DeFi applications are like a testnet to real world finance and the possibilities.
September 08, 2020, 05:38:15 PM
Indeed, it is risky because DeFi is like investing in a project by applying the science of gambling, indeed many have got x10-x100 profits in a fast time, but this is not appropriate to refer to considering investor who have lost x10-x100 are also there and it's better not to risk a lot money on DeFi project.
Defi literally caused FOMO for most investors. As if we're back in the ICO common days where people invest in almost every project that comes out. Like this time, investors think that most of the Defi are for real and all of them are for money.
The risk is very much high just as seen with the dump for some of them.
That's what FOMO DeFi looks like today. No more people think of losses when investing, always think of short profits. even though the risk of loss is much greater. And this doesn't just happen to Sushi. but there are still a lot of scam DeFi projects. One of them is Tweebaa (TWEE) whose chart is very unnatural, after reaching $80 immediately dumped up to $1.
expect more of these DeFi scams on the way. if people will not be careful and just invest on a defi project which they think will give them huge profits, they will be screwed big time!
this early, we are already seeing crap defi projects. several accusations of plagiarism, using fake profiles, imitating original defi projects and so on...
so even without CZ's warning, people should be vigilant with these DeFis. only few of them are real.
September 08, 2020, 05:21:54 PM
Indeed, it is risky because DeFi is like investing in a project by applying the science of gambling, indeed many have got x10-x100 profits in a fast time, but this is not appropriate to refer to considering investor who have lost x10-x100 are also there and it's better not to risk a lot money on DeFi project.
Defi literally caused FOMO for most investors. As if we're back in the ICO common days where people invest in almost every project that comes out. Like this time, investors think that most of the Defi are for real and all of them are for money.
The risk is very much high just as seen with the dump for some of them.
That's what FOMO DeFi looks like today. No more people think of losses when investing, always think of short profits. even though the risk of loss is much greater. And this doesn't just happen to Sushi. but there are still a lot of scam DeFi projects. One of them is Tweebaa (TWEE) whose chart is very unnatural, after reaching $80 immediately dumped up to $1.
September 08, 2020, 04:54:30 PM
Indeed, it is risky because DeFi is like investing in a project by applying the science of gambling, indeed many have got x10-x100 profits in a fast time, but this is not appropriate to refer to considering investor who have lost x10-x100 are also there and it's better not to risk a lot money on DeFi project.
Defi literally caused FOMO for most investors. As if we're back in the ICO common days where people invest in almost every project that comes out. Like this time, investors think that most of the Defi are for real and all of them are for money.
The risk is very much high just as seen with the dump for some of them.
September 08, 2020, 04:13:05 AM
Seeing what happened to the SUSHI price in the market was terrible, in just a short time the price dropped drastically. Many investors
were at a disadvantage, but what CZ said had a point. Because no one is forced to buy SUSHI. So you can't blame Binance exchange
or CZ for the SUSHI project. Many who fall victim to the SUSHI project are definitely newbie who are greedy, without doing research
and analysis, they just immediately buy SUSHI, because I'm sure that all newbies think about is instant profit.
were at a disadvantage, but what CZ said had a point. Because no one is forced to buy SUSHI. So you can't blame Binance exchange
or CZ for the SUSHI project. Many who fall victim to the SUSHI project are definitely newbie who are greedy, without doing research
and analysis, they just immediately buy SUSHI, because I'm sure that all newbies think about is instant profit.
September 07, 2020, 10:44:58 PM
After Sushi Dump (another defi project) Cz_binance
Reaction was - "I don't know who the founder is . We don't Force you to buy . All coins are high risk , especially DeFi"
And he also removed that post from twitter.
At this time many suspicious project coming with DeFi tag
Because currently DeFi is trending.
Please Follow every single DeFi project with team activity , management , what they think about their project in coming days..
We have to invest or not .
Every time research first about that project ... Newbies are only finding DeFi project currently and then they invest on that without any research & all that
Of course, he is saying the practical thing since he is not asking to buy any of these tokens its the users responsibility to make enough research about the project before going with the trend, this is not the first time the value of a project goes down but just in a day was big shock for every trader.I hope Binance will be more keen about addicng such projects in the future or better don't add anything if they want to keep their reputation high as before. Reaction was - "I don't know who the founder is . We don't Force you to buy . All coins are high risk , especially DeFi"
And he also removed that post from twitter.
At this time many suspicious project coming with DeFi tag
Because currently DeFi is trending.
Please Follow every single DeFi project with team activity , management , what they think about their project in coming days..
We have to invest or not .
Every time research first about that project ... Newbies are only finding DeFi project currently and then they invest on that without any research & all that
September 07, 2020, 10:33:46 PM
The crypto industry is like sugar that attracts a lot of ants, as well as harmful pests, so no matter how good the packaging, there must be parties who want to profit for a moment. Just like this DeFi project, Defi was good, but they might miss, and in the end their project is no better than what it was before.
CZ_binance said is true, all coins are high risk, especially (for now) Defi is.
CZ_binance said is true, all coins are high risk, especially (for now) Defi is.
September 07, 2020, 01:52:40 PM
The dump in the value of sushi remains a controversial issue, but I'm not interested in the controversy. The issue of Defi scam projects has been on the increase as a result of the Defi trend, several scammers are devising measures to take advantage of the ignorance of several investors. We all need to be very careful Inorder not to fall victim.
September 07, 2020, 01:47:17 PM
We know DeFi is risky, Vitalik from Ethereum is talking about that for month and more. I don't know why CZ tweets about this,
maybe he feels guilty because he listed some DeFi projects without taking money from them!? He is earning from fees, and
as long as there's some trading he is earning his profit. He doesn't care about the people, all he cares is his business and his
profit! It's CEX, I don't expect anything else from them.
maybe he feels guilty because he listed some DeFi projects without taking money from them!? He is earning from fees, and
as long as there's some trading he is earning his profit. He doesn't care about the people, all he cares is his business and his
profit! It's CEX, I don't expect anything else from them.
September 07, 2020, 01:41:18 PM
Indeed, it is risky because DeFi is like investing in a project by applying the science of gambling, indeed many have got x10-x100 profits in a fast time, but this is not appropriate to refer to considering investor who have lost x10-x100 are also there and it's better not to risk a lot money on DeFi project.
September 07, 2020, 01:22:43 PM
I am quite disappointed with Binance because it has put in some obscure DeFi projects and it is for free, nowadays people continue to invest because the DeFi is so hype with absurd hikes. Of course there will also be a decline that makes no sense, it can even reach $0
if the DeFi price falls to a price of $0, it is unlikely that I am sure there will be some selling points that I think can still provide trading volume that can trigger investors to come in and play with the price like what happened to the SUSHI coin which in my opinion has price manipulation which is very visible.Good example, sushi was hype then dumped hard then now again it's rising bringing the attention, if you are new or greed you'll think of riding then find yourself being trapped with no way out than losing your investments. You need to realized that playing against the whales are very tough, it's a fortune once you ride well but if not then its a disaster.
I do not understand why you people want to nail him for saying the truth, who in the space truly knows the identity of Sushi founder, there are many theories out there but no one is certain for sure. Anyone investing into a project need to be able to take responsibility for their own action, you win some and lose some
It's your full responsibilities, no one should be blamed if you loses your money due to investing without researching about the project that you are supporting. 
September 07, 2020, 01:10:26 PM
Did we really needed someone like CZ to tell the public that all defi projects are risky in order for people to realize that? I mean it was already so obvious that after first good success story coming out of defi projects, people just threw money at all defi projects all around, even the scam ones got so much money because it had defi name in it, and some projects that weren't even defi started to use defi stuff in their projects to get more money, it was so obvious that it was all a cash cow for them.
If you really needed CZ to tell you that you should be careful, you are probably not right for crypto trading or investing, you should have figured that out yourself. In any case I can't say that I am shocked, people are too emotional with their money and they should be put to check.
If you really needed CZ to tell you that you should be careful, you are probably not right for crypto trading or investing, you should have figured that out yourself. In any case I can't say that I am shocked, people are too emotional with their money and they should be put to check.
September 07, 2020, 12:53:58 PM
I am quite disappointed with Binance because it has put in some obscure DeFi projects and it is for free, nowadays people continue to invest because the DeFi is so hype with absurd hikes. Of course there will also be a decline that makes no sense, it can even reach $0
Why did it happen? What exactly are the Binance developers planning? I'm sure he already knows about the bad response from the community and the market. They should immediately fix something big to keep the market confident in Binance. September 07, 2020, 12:38:49 PM
The same type of warning was send out by Gavin Andresen during the so-called "Cloud mining" stage, but people still ignored it and they burnt their fingers. Greed cloud peoples judgement and they will always fall for something with a high yield and lots of quick profits.
In some countries Ponzi Schemes are legal and people play around with it, so for those people things like Defi would be ideal hunting grounds for quick profits.
Warnings will once again go out to people about Defi projects and they will ignore it again. Mark my words, this is going to happen again.
In some countries Ponzi Schemes are legal and people play around with it, so for those people things like Defi would be ideal hunting grounds for quick profits.
Warnings will once again go out to people about Defi projects and they will ignore it again. Mark my words, this is going to happen again.
September 07, 2020, 12:12:44 PM
I do not understand why you people want to nail him for saying the truth, who in the space truly knows the identity of Sushi founder, there are many theories out there but no one is certain for sure. Anyone investing into a project need to be able to take responsibility for their own action, you win some and lose some
September 07, 2020, 11:44:21 AM
I am quite disappointed with Binance because it has put in some obscure DeFi projects and it is for free, nowadays people continue to invest because the DeFi is so hype with absurd hikes. Of course there will also be a decline that makes no sense, it can even reach $0
if the DeFi price falls to a price of $0, it is unlikely that I am sure there will be some selling points that I think can still provide trading volume that can trigger investors to come in and play with the price like what happened to the SUSHI coin which in my opinion has price manipulation which is very visible. 
September 07, 2020, 11:28:44 AM
After Sushi Dump CZ reply with Highly risk especially on Defi project
Binance dont need to list any scams. All they get by listing scams is Binance users lose money. Sooner or later will lead to people leave Biannce for other exchanges where scams are not listed and users not cheated out of their money.
September 07, 2020, 11:15:35 AM
I am quite disappointed with Binance because it has put in some obscure DeFi projects and it is for free, nowadays people continue to invest because the DeFi is so hype with absurd hikes. Of course there will also be a decline that makes no sense, it can even reach $0
But they warn many times that you buy everything by your own will and at your own risk. And continue to say that. They do not force anyway to invest. People should not alway relay in Binance decision and research what to list on their exchange. Why pay so much attention to Sushiswap? There are lots of same examples among Binance listed altcoins which price dropped the same.
Thanks God Binance did not list Hotdog token, otherwise people "eat" Binance.
September 07, 2020, 11:09:23 AM
I am quite disappointed with Binance because it has put in some obscure DeFi projects and it is for free, nowadays people continue to invest because the DeFi is so hype with absurd hikes. Of course there will also be a decline that makes no sense, it can even reach $0
September 07, 2020, 11:02:11 AM
Investing without prior research is a very stupid decision and will only waste your money. Especially if you invest in the DEFI project. Defi projects are very popular lately and there are also many defi scam projects. Many fake cloned Defi coins target their victims to buy these coins and then when many have bought them they will withdraw their liquidity unilaterally.
It is very risky to invest in the Defi project, having to do more detailed research about the team, the project objectives. The true and original Defi project is to use a multi-signature wallet so that it is not arbitrary to withdraw liquidity, it must require approval by several people.
It is very risky to invest in the Defi project, having to do more detailed research about the team, the project objectives. The true and original Defi project is to use a multi-signature wallet so that it is not arbitrary to withdraw liquidity, it must require approval by several people.
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