Topic: Can you trust Defi projects?? - page 2. (Read 1093 times)
DeFi projects is just another good opportunity for crypto investors to make some profits, something very identical to 2017 ICO days, I've seen people that triple their money by investing on nonsense DeFi projects with low max supply, these coins aren't good for long term, only 2% of DeFi projects will survive in near bear market, be wise
I don't believe it, but I'm going to invest in a project that I think is good. It's just a matter of time when their token goes up I'll sell it and won't pay attention to the project anymore. I guess everyone here is too. even though they invested but no one believed what the project said. they were just looking for quick profits and left before the project scam.
Defi Is gain lot of interest but it is an inmature field at this moment.
It is very important to make a deep research in the people who are behind the project.
It is very important to make a deep research in the people who are behind the project.
Why should anybody have the believe on these bullshit projects that tends to loot our pockets, most of them i have invested are all scam because i had made some bad decisions that landed me down into the pit. There are some that where tag scam why others started well in terms of price and later get dump big time, i don't trust these projects any longer, they are all shitsss.
Everyone seem to be coming up with their own version of DeFi projects, I just pity those who aren't very good with research, I suspect that mid 2021 will be like that of 2018 after altcoin season was over, judging from my own research too many DeFi projects are complete scam in disguise
Yeah. I was fortunate to be around the crypto space in late 2017 all through 2018. So I pretty much experienced most of the cycle. There was a high influx of projects at the time and today only a few of them made the cut and still exist too. The ability to weed out these projects to pick which ones would work and which will die off is a skill one has to learn.
Since the introduction of DeFi trend, I've only invested in quite a few which I've found interesting like Unilend, Stafi and most recently - DotBased, which is building on Polkadot's network with really good fundamentals. So obviously, there are still good projects. You just have to carefully hand pick them.
Defi good project. However, no project can be called good. When it comes to doing something like a project, many scam projects copy. Then a good project can no longer do well.
Not all of these projects are good. Unfortunately, the majority of them will vanish. Only the early investors and the founders will be in plus. Therefore, you have to weigh all pros and cons of the project before you decide to spend even a cent for it. Think over all possible minuses of DeFi.
Everyone seem to be coming up with their own version of DeFi projects, I just pity those who aren't very good with research, I suspect that mid 2021 will be like that of 2018 after altcoin season was over, judging from my own research too many DeFi projects are complete scam in disguise
The real question should be — Can you trust any project at all?
Almost every new project this day is including DeFi to its makeup, even when it clearly doesn't have anything to do with decentralized finance, just to deceive people. Well, the thing for me is that I won't invest in any ICO that is on a medical project to start with. I did that in the past and I know the setback I suffered on that. The DeFi angle to the project OP wrote about doesn't even sit well with me, notwithstanding. However, it doesn't mean the project won't succeed or all that. Though I will advise those putting in their money on it should only invest money they can afford to lose. The risk is there.
As of now, DeFi projects are really making lots of people profitable. There's actually lots of projects that are rising and many investors are putting their money to earn such a big money. But still, there are scam DeFi projects that are being produced, so we should be careful. Almost every new project this day is including DeFi to its makeup, even when it clearly doesn't have anything to do with decentralized finance, just to deceive people. Well, the thing for me is that I won't invest in any ICO that is on a medical project to start with. I did that in the past and I know the setback I suffered on that. The DeFi angle to the project OP wrote about doesn't even sit well with me, notwithstanding. However, it doesn't mean the project won't succeed or all that. Though I will advise those putting in their money on it should only invest money they can afford to lose. The risk is there.
I have doubts about the DeFi project. Not a problem with DeFi, but there will be people who will take advantage of the popularity of DeFi to commit scams. Apart from that I also don't dare to take the risk of investing in DeFi coins because the dump is over the limit. 
I also do not risk investing in DeFi because I do not like high risks. Yes, the higher the risk, the higher the chance to earn a lot of profit, but also the higher chances to lose everything. I evaluate my investment and trading skills correctly, I prefer not to take risks, because I would rather lose than earn. In addition, many DeFi projects fall to zero.
Yes few DeFi projects can be trusted but majority are scam projects, we need to do good research on new DeFi projects before we invest and also invest the amount we can afford to lose, it's just that DeFi hype is going away too soon, bitcoin is at 13k plus now and I'm surprised that DeFi projects are cooling down as if they are just random altcoins like the others, I expect huge surge
I have doubts about the DeFi project. Not a problem with DeFi, but there will be people who will take advantage of the popularity of DeFi to commit scams. Apart from that I also don't dare to take the risk of investing in DeFi coins because the dump is over the limit.
Yes, you're right, because in my opinion Defi is now only a scourge for investors because they will soon lose popularity, causing a dump and many defi projects have experienced dumps of more than 50%, To find it safe, you should stay on way before there is Defi. do your own research before investing , and only invest what you can afford to lose, not all active project ended with good in price, i know the key succes of project are strong community they have, but if their team are making shit at end of ieo, the project will dead.
All Defi projects are different and it it very important to check everything before investing. There are a lot of fake informations and it is necessary to research if information fake or true.
It is necessary to check everything and to do this it is necessary to have experience and study how to check everything right.
Many Defi projects use staking system to pay reward for holding money and increase the income of token holders. This is the article about staking https://medium.com/bonfiorg/introducing-bonfi-web-staking-7368467d18cc
Canadians are quite truted and kind persons than asians , But in this case we have to be careful before investing for any defi project .. because there are soo many scam defi projects... be careful
With the hype of DeFi project nowadays we cannot tell if they can be trusted anymore hence some people would take the advantage to make fake DeFi projects just to scam people and disappear in the end. I put my trust on first DeFi projects came out before the hype of it and anything after that i have no trust at all. So, any crypto investments related to that and no matter what the type of project it's best to put more research and listen to your judgement before anything else.
Defi good project. However, no project can be called good. When it comes to doing something like a project, many scam projects copy. Then a good project can no longer do well.
Yes, basically all projects that have bright ideas and something different is good, but whenever something is good and it becomes a trend, scammers always take advantage of that condition to imitate so that they can also get money in crypto, things like this always have to be be wary of by anyone who is in crypto.In my view as a bounty hunter, I don't think DeFi has had success so far.
Before anything else, don't get me wrong because I also hate Defi. However, I think it's unfair if we conclude that Defi in general is a failure 
. Yeah! Many of this are fraud but still there are people who continue to earn from it. See? If they are all scam in the first place then investors won't have any chance to create their own profits at all. However, I warn all of the people who wants to ride this hype train. Brace Yourselves! because the win rate in this field is small. The ratio of good and bad had a huge gap. Like for example in ICOs, 100 are promoted, only 50 got listed on exchanges, and then only 5 became a worthy tradable asset. I hope you get my point. do your own research before investing , and only invest what you can afford to lose, not all active project ended with good in price, i know the key succes of project are strong community they have, but if their team are making shit at end of ieo, the project will dead.
All Defi projects are different and it it very important to check everything before investing. There are a lot of fake informations and it is necessary to research if information fake or true.
It is necessary to check everything and to do this it is necessary to have experience and study how to check everything right.
Many Defi projects use staking system to pay reward for holding money and increase the income of token holders. This is the article about staking https://medium.com/bonfiorg/introducing-bonfi-web-staking-7368467d18cc
Blolckchain is still youn for all these project as medical care, real estate and host of others that required huge capital to expand worldwide. I have not seen anyone to be able to make positive impact since the ICO reign in 2017. You have to consider that one too.
do your own research before investing , and only invest what you can afford to lose, not all active project ended with good in price, i know the key succes of project are strong community they have, but if their team are making shit at end of ieo, the project will dead.
I really agree with what you said because in fact all cryptocurrency projects that are currently emerging have risks and unfortunately no one can guarantee that the project is safe, it all depends on us, because sometimes reading people's suggestions to enter and invest is still not definitely make a profit. 
The real question should be — Can you trust any project at all?
Almost every new project this day is including DeFi to its makeup, even when it clearly doesn't have anything to do with decentralized finance, just to deceive people. Well, the thing for me is that I won't invest in any ICO that is on a medical project to start with. I did that in the past and I know the setback I suffered on that. The DeFi angle to the project OP wrote about doesn't even sit well with me, notwithstanding. However, it doesn't mean the project won't succeed or all that. Though I will advise those putting in their money on it should only invest money they can afford to lose. The risk is there.
Experience is the best teacher, thank you for reminding that. It cannot be generalized that all medical projects will end in vain, but it doesn't hurt to be more careful.Almost every new project this day is including DeFi to its makeup, even when it clearly doesn't have anything to do with decentralized finance, just to deceive people. Well, the thing for me is that I won't invest in any ICO that is on a medical project to start with. I did that in the past and I know the setback I suffered on that. The DeFi angle to the project OP wrote about doesn't even sit well with me, notwithstanding. However, it doesn't mean the project won't succeed or all that. Though I will advise those putting in their money on it should only invest money they can afford to lose. The risk is there.
It is very sad, many projects take the name Defi just to attract people to come. People who are fomo, and just carried away by the flow of the market, will definitely be hooked.
And the point you gave is very precise, what we need to make sure is the correctness of the project, there is nothing wrong with DEFI, but the people who use it to manipulate it are what we need to pay attention to.
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