Defi Effect - What makes DeFi not reliable? - page 2.

cryptoperkele

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Quote from: Coyster on September 04, 2020, 11:37:14 AM

People always blame the projects and call them scam when this happens, but on a second thought, the investors like the one in the op are to be blamed actually, not the pump and dump projects, many of the investors prolly invested in Ico and Ieo, and have experienced all these hype before, but they still get caught up in the Defi hype and lose their money again.

Yeah, that i can understand, people can blame scams and pump and dumps but if someone is choosing an exchange outside of regulation that wants to list everything, and wan't specifically to invest into shittokens without any fundamentals. Who blames an exchange for their own choices?

mersal

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Investors reaction is going to be like "Am I joke to You Defi?" Cheesy

That is what I expected but for now this just happened with only one project but it doesn't take lot of time for the whole defi market to go value less and this also could be a reason in the price drop in the overall crypto project.

ryzaadit

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Uniswap Reaction: You gotta be kidding me right?

There is nothing to do with uniswap with DeFi project they just an exchange same as dex exchange, this is the reason why cryptocurrency people was really easy to get scam. They even don't understand the coin/token has been bought by them, most of the reason just because got shilling by his friend or getting a fomo/hype see some coin with the same concept get a good roi.

20kevin20

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What makes it unreliable is the fact that we're in the middle of a DeFi craze. It's as risky as joining Bitcoin trading while it has a 2017 kind of pump. You just know it doesn't go up forever, yet the gut feeling says "don't miss it".

If it had an actual healthy growth, I wouldn't've been so suspicious about it - I might have even studied what it's all about. But so far, it only looks like all the other unnecessary crazes I stood away from. When you see even the shittiest and scammiest DeFi coins pop up and boom, you have to know it's time to hit the brakes.

Twinkledoe

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Quote from: masterrex on September 04, 2020, 11:44:30 AM

I feel sorry for those who suffered heavy loses in that Defi project, that was too brutal imagine from $4K to just $1 in just a few minutes that how risky investing with Defi projects including cryptocurrencies because of its volatile nature, so if you are not aware of it it's better to learn first before taking the risk.

That was really uncalled for. But guess what, there are still people who are continuously joining this DeFi hype, hoping that one day they will get rich. And the truth is, only these project owners are getting rich. Because they know when to exit and these buyers have no idea about what's really going on behind the curtain. Hard lesson for everyone though.

Shallow

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The dump yesterday was brutal and it still extends today. First I do not think Uniswap is the problem, because it is just an exchange listing coins and tokens, the actual problem is the investors who think they can hit it big in a project; a project they failed to research on, a project they know is filled with hype, a project they know have nothing to offer but because of hype they threw caution to wind and invested. Well, likely the team dumped on them, then use the downtrend in the market as an excuse. Whichever it is, I think people shouldn't be driven by the hype following all these Defi projects, but instead let the driving force be what the team is bringing and they will be rest assured of their investments.

masterrex

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I feel sorry for those who suffered heavy loses in that Defi project, that was too brutal imagine from $4K to just $1 in just a few minutes that how risky investing with Defi projects including cryptocurrencies because of its volatile nature, so if you are not aware of it it's better to learn first before taking the risk.

oxgroth

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Every so unpredictable and fast growth will end sooner or later with big dump

Bekuciwu9

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Quote from: pakhitheboss on September 04, 2020, 10:14:24 AM

DeFi is brutal not all DeFi projects can be profitable. If you are new to DeFi and thinking about investing in it then think twice before you invest and DYOR..

Not much research really to do, as defi is just one big gamble, you invest in anything and hope for the best. That sums it up, and thats why it will fail like ico failed few years ago. Some will make money while majority will loose and it will go on until enough loose the money.

Lordhermes

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DeFi projects are increasing daily, more fake and good ones are both erupting in the crypto space, and so there is a tendency that for investors to loss and gain depending on their thorough research about the DeFi project. I strongly believed that DeFi projects can never have great values in the future because of its purpose of pump and dump scheme.
I have never invested or rather participated in any DeFi project because I think its just for the moment, I've rather prefer to buy and hodl a promising and potential coin to give high ROI in the future.

Coyster

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Quote from: Cointikka on September 04, 2020, 10:39:31 AM

That does not matter as it has given a huge push to crypto ROI as many projects have generated ROI on the tune of 400 percent.

The ROI you talk about in these Defi projects is for the investors that made the most of the pump, 400% is too good to be true for a ROI for a project, when you see projects that offer ROI as high as that, it's a pump and dump coin that will end up a scam with losses for the investors. Uniswap is just one of the many Defi projects that will pump high and dump very fast.

Quote from: cryptoperkele on September 04, 2020, 11:18:16 AM

Why would people blame uniswap for this?

People always blame the projects and call them scam when this happens, but on a second thought, the investors like the one in the op are to be blamed actually, not the pump and dump projects, many of the investors prolly invested in Ico and Ieo, and have experienced all these hype before, but they still get caught up in the Defi hype and lose their money again.

noorammak

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People expect projects of unknown origin, they see previous projects rising in price and FOMO. That's a mistake, it's best to choose projects that are clear and listed on more reliable trading platforms.

JamalAmal99

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Condolences for those who have participated in this hyper hive project.

Hopefully, this can be an experience for novice investors and newbies about were cruel in the market Cryptocurrency.

Note:
ICO, IEO & DeFi are both high-risk investment instruments, so be wise in it

cryptoperkele

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Why would people blame uniswap for this? Then again, i went to check his profile. He doesn't seem to be brightest of them all. Investing to scams and saying that corona is a scam. I stopped browsing soon after i read that. I am pretty sure he will get corona soon too because he is easily lured into "scams".

Cointikka

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DeFi was never a safe heaven, some said it is bubble some said it is a scam. That does not matter as it has given a huge push to crypto ROI as many projects have generated ROI on the tune of 400 percent.

n my opinion it is awesome but it is too much hyped, such shit coin will stop this hype. We need to be very cautious and research new projects on DeFi before investing.

It is similar to what we used to do when ICO and IEO's were a hype and happening thing.

pakhitheboss

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In just 4 days his opinion changed Grin

Interestingly a lot happened when the market fell yesterday in Defi sphere -

from $4000 to $1 in just few minutes.

Hotdog promised an insane return of up to one million percent.

Can you belive that? They launched and they got dumped in just few minutes.

DeFi is brutal not all DeFi projects can be profitable. If you are new to DeFi and thinking about investing in it then think twice before you invest and DYOR..

Topic: Defi Effect - What makes DeFi not reliable? - page 2. (Read 311 times)