Topic: DeFi coins have turn the market into confusion - page 3. (Read 668 times)
Defi projects and their hype has really turned the market into confusion, this is seen where a project not Defi related beforehand all of a sudden now decided to add one or two attributes which will make it answer Defi projects, then the team starts looking for a way to make more money. This particular fact is seen in some already developed projects, and in forthcoming projects as well; in addition to this, more confusion is coming if care is not taken because sooner than later scammers will bring their own projects. Therefore, as we are chasing after Defi projects, let's endeavour to make our personal research about the project before investing.
The Hype is just so much and so many project start changing their White paper. I understand it is a new normal but at this rate it will fade away soon. Let's just brace
The most dangerous among all. #Defi projects aren't bad per se but their hypes aren't worth weigh their true identity, most of their case use aren't getting interested as for me. Mind you, those projects called #defi should be monitor closely for those who still thought it's a good means to make some free bite. Those old existing projects converting from the original roadmap to new connection due to the #defi language should be watch closely. How could we hear and see words like: "Binance BNB #DeFi staking"
: the word #defi is synonymous to pumping~and we should be careful. It's now clear that, there is a bigger confusion they're not letting us know.
It's a good thing for everyone to be careful as we invest, most especially in Defi projects, since we're aware that it's the new bait used to deceive the investing public. I just got to know that Defi projects uses dapps built in ethereum platform. I really don't know how the lending and borrowing of funds works without a centralised impact.
It's defi season.. Everything come and go, let's just hope this stays. Also, it's a good thing if traders take there chances to make good profit. There was ico, IEO, deflationary and now it's defi. I actually love the defi season tho and whoever brought this to light is a genius, only we don't know how long it stays.
The Hype is just so much and so many project start changing their White paper. I understand it is a new normal but at this rate it will fade away soon. Let's just brace
First DeFi protocol is MakerDao, it was founded in 2015. It takes 5 years to realize that DeFis are interesting? But while MakerDao is here for 5 years and it is well tested, other DeFi protocols are here for a few days, some of them do not have audits and it could easily turn into a disaster for all investors. 
The picture is obviously the same person and the owner will definitely know that. It's just a demo and not something real. However, this is the season. Many people have been talking about Defi for quite some time now. Some projected the time it would become what many would run after and it is happening already.
The picture is a Demo. But this kind of thing happened some years back and many users didn't even look at that side... They just blindly invest and join ICO.
Some greedy fellows are taking advantage of the DEFI craze to launch scam projects. I laughed so hard when I saw the image posted by OP, one man team with different hair styles posing as team members. So many old projects going under the DEFI category just to gain attention, even while drifting from the original project aim. How can a project with project aim on gambling drift to DEFI, looks more like a cashout plan. Let's be careful how we invest this period.
The market seems OK and im not confused. But we must careful from some DeFi projects because there are several projects make their project from not defi related into a defi project to gain more attention.
Some defi projects are good, for example is Corionx, they are the partner of Syscoin and have done AMA in Binance telegram group few days ago.
Some defi projects are good, for example is Corionx, they are the partner of Syscoin and have done AMA in Binance telegram group few days ago.
I feel pity for new crypto investors who are here to make money fast without doing their own research first, many scammers will eventually start taking advantage of DeFi just with any move available, a word is enough for the wise, invest only on popular DeFi projects and be extremely careful with new DeFi projects
of course it will be used by some people to take advantage, defi is not new in the crypto world, even from 2017 there have been many defi projects, but the form has only increased this year due to weak economic factors, and defi uses the theme of decentralized finance, so it is very timely in its current state.
some projects that use defi have also been scam or failed, because they don't have anything in the roadmap.
some projects that use defi have also been scam or failed, because they don't have anything in the roadmap.
Defi now has been swarming with a lot of new projects and been rugged by developers. Piece of advices to all those who will joined is avoid anonymous team. There are lots of cases where team will be gone after raising too much money from presale.
One of my friend invest 2 eth and the next day the team gone like a wind. With almost more than 500 eth accumulations. There are lots of good defi but seriously would you invest money on a suspicious project? Better keep your hands of to these.
if the team is anonymous this is not a sign of a scam. If we're talking about Defi, then anonymity is okay. there are many other factors that can make your investment safe One of my friend invest 2 eth and the next day the team gone like a wind. With almost more than 500 eth accumulations. There are lots of good defi but seriously would you invest money on a suspicious project? Better keep your hands of to these.
Defi now has been swarming with a lot of new projects and been rugged by developers. Piece of advices to all those who will joined is avoid anonymous team. There are lots of cases where team will be gone after raising too much money from presale.
One of my friend invest 2 eth and the next day the team gone like a wind. With almost more than 500 eth accumulations. There are lots of good defi but seriously would you invest money on a suspicious project? Better keep your hands of to these.
One of my friend invest 2 eth and the next day the team gone like a wind. With almost more than 500 eth accumulations. There are lots of good defi but seriously would you invest money on a suspicious project? Better keep your hands of to these.
My Advice for everyone is to invest responsibly and if you want to invest irresponsibly, invest on a DeFi project with well know team and good partners.
This is not going to save people in the long run. DeFi is fundamentally broken, it's not a revolution, it's just a toy for crypto-to-crypto trading. If even Bitcoin fails to get mass adopted, this collection of tokens and shitcoins has no chance to go mainstream.
And what this means is that people who hodl DeFi tokens are going to regret it, they'll see 90% drop from the ATH in a few years, just like it happened with ICOs. So, dump your DeFi when you'll get a decent profit. Don't be greedy, and don't become attached to it.
In fact, every day there are always DeFi projects present. And it's also uncertain whether they are just following the trend right now or are really serious about development. In such a situation, investors should be careful in choosing DeFi projects. Because it is feared that many parties take advantage of the situation and the purpose is only for fraud. before investing, DYOR!
in the end all will be shit projects. DeFi is just a new way to raise money and after that nothing. the only thing that awaits is a loss for new investors. So take a look and think again when you want to invest in a DeFi project. I really like this new Hype, but to invest is not possible. it's better to be a trader than to invest in one of the DeFi platforms. at this time there are also starting to appear that there are many problems, it is only a matter of waiting for the hype to fade.
Defi investment is now a trend that many investors are interested in and I feel it is definitely the best way to make a profit during this period. However, there will certainly still be scam projects as this investment is very similar to ICO and there will be a lot of risks that need to be avoided. I think carefully when deciding to buy because just one small mistake can cost you money during this time. 
in the end all will be shit projects. DeFi is just a new way to raise money and after that nothing. the only thing that awaits is a loss for new investors. So take a look and think again when you want to invest in a DeFi project. I really like this new Hype, but to invest is not possible. it's better to be a trader than to invest in one of the DeFi platforms. at this time there are also starting to appear that there are many problems, it is only a matter of waiting for the hype to fade.
The only thing that it makes confusing is that a lot of coins get hyped without knowing which one will have a long-term run or just it shut down after the owner gets what they want(money). Some investors benefited from these projects but the others suffered losses most especially for the newcomers. Hypes isn't new to us and we probably know what happens next ( dumps). people who'd come during the hypes usually leave with disappointment, this is what it happens the last Bullrun.
That is why I keep ignoring these Defi hypes because I'm not confident with it rather than sticking into Bitcoin. The potentiality that Bitcoin have its big difference from those altcoins that just being hype.
That is why I keep ignoring these Defi hypes because I'm not confident with it rather than sticking into Bitcoin. The potentiality that Bitcoin have its big difference from those altcoins that just being hype.
The picture is obviously the same person and the owner will definitely know that. It's just a demo and not something real. However, this is the season. Many people have been talking about Defi for quite some time now. Some projected the time it would become what many would run after and it is happening already.
I won't say confusion because all the big exchanges cashing out of this hype aren't confused probably the new Investors looking for new opportunity are the ones that would be getting confused. Using greed in the statement above should be the right word. Something like 'Defi coins has turned the market into a state of greed'. Kucoin exchange can't stay a day without tweeting about the next big DeFi project they'll new listing which just make me begin to hate the exchange the more. Guess that won't matter because all exchange are guilty in some way on this issue.
DeFi as a trend has brought impressive profit to some traders so has it made many find themselves in unrecoverable losses, you just have to be cautious to avoid them losses. I have a been on both side of the coins so I know that feeling. The easiest way to play it safe is to keep sating bitcoin and ignore the hype.
Very well said and its no surprise that most exchange will surely jump in with the trend even with the most popular platforms out there since we know that hype can really give out potential profits yet people DeFi as a trend has brought impressive profit to some traders so has it made many find themselves in unrecoverable losses, you just have to be cautious to avoid them losses. I have a been on both side of the coins so I know that feeling. The easiest way to play it safe is to keep sating bitcoin and ignore the hype.
will surely dive in and make use which will really add up on exchange total volume and of course in revenue itself.
I dont know why people are really much being hyped with this and for new people who do just recently know about crypto through DeFi projects then these fellas would definitely experience loss yet they dont know on
how this market do behaves when it comes to pure pump and dump projects that had been just masked up by the current trend.
For those people who had been here on this market for a while can really take advantage or do take the risk on riding with this and make money.Later on, they do cash out smartly since
they are already aware on what would happen next.
That's right, confusion is mostly appropriate to these investors, whether new or old ones in crypto. Because definitely, these exchanges are not confused of raking money from these users who are willing to get on board with the current hype. I am seeing another ICO-fate scenario here in the very near future. If users will not be careful, this will be another breeding ground of scammers and actually it is already happening. As we have observed, a lot of these DeFi-related projects suddenly launched and some are suddenly awakened from their grave. I hope investors are smarter now and not fall for every DeFi project introduced and listed especially in Uniswap (just making an example here).
Jump to: