If you notice the top gainers on cmc almost up by 9000% are defi coins but with a little volume i dont think these coins are good to invest in. Be carefull on this defi coins that is rising.
Won't buy these crap defis. Most of these buyers will be rekt if they will not get out early. Almost all of them are just pump and dump and once the creator got their funds, the project will die. Only few of them have real use case. Most of them are in beta but wonder if they are developing their network.
Just like what happened on ICO and i heavily agree into those points above that this would really be on the similar case or outcome.Majority of them are indeed fake or just trying out to have some money grab
while the hype is still hot then they wont really miss out that chance for them to scam out people and take those casual millions of money for the ones who had been fooled.Its no wonder that majority of them are trash and doesnt really have that value.People should really be careful and make out some money while they still can.
I personally would not buy at all because it is too risky, we never know when the trend will change, even though I follow the trading signals, I never touch the rising defi project
Same here I dont follow the trend no matter how profitable it seems.
I'd rather choose a coins that is existing for long period already like bitcoin, eth and other established coins because I have less worries that it will plunged and never recover back, its unikely for these kind of coins.
I think like this as well but I suppose this is the case because people like us that have been in the market for many years know that bubbles like this come and go since we have seen it many times before, but for those that are newbies they take a look at the DeFi market and think that if they do not take advantage of it now then they will be left out, this is why they invest in those coins thinking it is the opportunity they were waiting to make a lot of money, and while that may be true for a few fortunate ones the rest lose their money and then complain in the forum calling this market a scam when it was their decisions that made them lose money.
There are people who are in this market loves to gamble or do love to take some risk and yes these kind of chances are really very rare to come thats why they do took the risk
even they know its risky.You wont earn nothing if you wont risk out something but if you do like to play safe then its not your path on these kind of bubbles or trending things.
Someone do know that it is a pump and dump scheme but instead on running away then they do decide to embrace it out.
