Don't invest for quick gains only - page 11.

adzino

copper member

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www.Crypto.Games: Multiple coins, multiple games

Quote from: PerfectCircle on August 28, 2020, 05:12:00 AM

Do not invest on DeFi projects that are just DeFi, make sure the DeFi project you pick has better utilities, ChainLink for example has Oracle to offer, few new DeFi projects I see lately are just using DeFi
name, be careful, Here are few lists of DeFi projects that are more than just the Hypes surrounding them because they actually have some to offer.

DIA

DIA (Decentralized Information Asset) is a Swiss not-for-profit and open-source blockchain project with a mission to drive the adoption of transparent, open-access data and oracles just like chainlink

https://diadata.org/

ORION PROTOCOL

Do you guys remember DYCO? That's a new crowdfunding strategy from Maker team and Orion Protocol is the first to try DYCO out and it was successful, Orion is building B2B and B2C solutions on the most advanced liquidity aggregator

https://www.orionprotocol.io/

COMPOUND

Compound is a money market protocol that lets users earn interest or borrow assets against collateral, all from the Ethereum blockchain. Compound was one of the first DeFi companies of this recent DeFi cycle to gain mass attention as their native token, COMP, skyrocketed in value before correcting to current levels.

https://compound.finance/governance/comp

CURVE FINANCE

Launched in early 2020, Curve allows users to trade between stablecoins with low slippage, low fee algorithm designed specifically for stablecoins. Curve is one of the early proponents of yield farming and currently offers 7 pools where users can stake stablecoins to earn rewards, such as new currencies.

https://www.curve.fi/

These are good examples of real use cases and these projects aren't here to take advantage of DeFi hype but to actually deliver real utilities, there are more good DEFi projects out there e.g Synthetix and Oikos Cash , do good research and avoid investing blindly for quick gains, thank you

No matter how much you tell people not to invest for quick gains, they still will do it for the quick gains lol. I mean who wouldn't want to become a rich guy over night, right?
I am pretty much sure most of the people who invest in those scam projects are hundred percent aware of the scam. They just want to exit with enough profit as quickly as possible. Only those who don't know how these works suffers.
I have seen few projects that has already died but now revived themselves by add the term "DeFi" to their project and people are falling for it!
How are you sure that they will actually be able to implement what they are saying? Never heard of any of the projects that you mentioned. They all look like the same "all talk, no work" project.

yulchatar

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Quote from: Silberman on August 28, 2020, 02:54:41 PM

Quote from: cryptomaniac_xxx on August 28, 2020, 05:29:00 AM

Thank you for the heads up, but I don't know if crypto investors are going to adhere your advise because are are in the Defi boom, and as others have pointed out, similar to IEO of 2017. So no matter what kind of advise you give them, easy $$$ in Defi will be in the eyes of crypto investors and as much as we don't like them to experience to lose money, well it has to happen before they learn their experience.

Unfortunately this is the truth, most people get blinded by the possibility of fast profits and as such when they see that a particular kind of coin is going up in value really fast they try to join the party as well because they don't want to left behind, they see that instead of having to wait a few years to get decent profits they could do so in months or even weeks and most investors do not really care about this market, they only care about the profits they can get and they think they cannot let this opportunity to pass, unfortunately we know how that story ends and it ends with people being scammed and then complaining in the forum about it.

No matter how much we warn each other to be careful when choosing a project, people will understand and learn a lesson only when they themselves make a mistake. I don't want to blame those who want quick money, I myself was like that when I came here, because I was out of work. But everything comes with experience.

BeginToMine

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https://www.payaccept.net/

Whatever seem good always attract scammers. I always tell people to do research before investing. Truth be told some of your listed defis went below from what they were listed though they haven't scammed. It's good to always research and invest. Defi projects are good but bad ones are more than good one. Let's learn to take precautions before investing.

killerfrost

sr. member

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PredX - AI-Powered Prediction Market

Quote from: ubay on August 28, 2020, 03:50:41 PM

Quote from: Metall303 on August 28, 2020, 06:52:38 AM

Quote from: sarmrakib on August 28, 2020, 06:40:35 AM

Quote from: BayAngelo on August 28, 2020, 05:47:08 AM

We are all in for the gamble. investment and opportunities are similar. in as much as know that the crypto market is feel with quick scams, it is a call for everyone to gamble wisely. i do advise newbies to stay away from Defi exchanges like Uniswap. lot of investors has lost their funds on this exchange due to quick scams and it will not stop just like the other exchange platform.

Its really now it seems to be a gamble .Who are new on crypto didn't understand which project will be better, that's why it will be better to stay away from early gamble on this platform .I am still researching the projects which are really have a future .

I think so too. The stupidest thing that can be is to run to buy similar coins just because now there is a trend of Defi projects. we already saw this at the beginning of 2018, when everyone wanted to invest in ICO

DeFi / ICO is actually the same, nothing has changed significantly, starting from what they make all look the same, only the outer shell is different. And indeed DeFi is booming lately, but I don't really follow it, please correct me if it's wrong.

You are absolutely right, Defi is like ICOs in 2017. There are many successful and profitable projects for investors, but also a lot of projects that are scams and causing investors to lose money. So you need to be really careful when choosing this investment

ubay

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Quote from: Metall303 on August 28, 2020, 06:52:38 AM

Quote from: sarmrakib on August 28, 2020, 06:40:35 AM

Quote from: BayAngelo on August 28, 2020, 05:47:08 AM

We are all in for the gamble. investment and opportunities are similar. in as much as know that the crypto market is feel with quick scams, it is a call for everyone to gamble wisely. i do advise newbies to stay away from Defi exchanges like Uniswap. lot of investors has lost their funds on this exchange due to quick scams and it will not stop just like the other exchange platform.

Its really now it seems to be a gamble .Who are new on crypto didn't understand which project will be better, that's why it will be better to stay away from early gamble on this platform .I am still researching the projects which are really have a future .

I think so too. The stupidest thing that can be is to run to buy similar coins just because now there is a trend of Defi projects. we already saw this at the beginning of 2018, when everyone wanted to invest in ICO

DeFi / ICO is actually the same, nothing has changed significantly, starting from what they make all look the same, only the outer shell is different. And indeed DeFi is booming lately, but I don't really follow it, please correct me if it's wrong.

Icologies

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SAPG Pre-Sale Live on Uniswap!

everyone would choose to invest in the short term if they have the opportunity to make a profit usually short-term investment is done on new coins or tokens because they have the potential to rise if they have quality one example is that this new DIA is capable of being pumped many times of the public sale price, many investors get profit from DIA

Galley

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The more noise around the project, the more often the excitement is generated from all sides and aggressive advertising is going on, the more circumspect and careful one should be so as not to fall for the bait of scammers. Now everyone who is not too lazy to sculpt projects and call them defi, but this is absolutely not a reason to bite at them. Do your research in full so that you don't regret the loss later.

xZork

hero member

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Quote from: sarmrakib on August 28, 2020, 06:40:35 AM

Quote from: BayAngelo on August 28, 2020, 05:47:08 AM

We are all in for the gamble. investment and opportunities are similar. in as much as know that the crypto market is feel with quick scams, it is a call for everyone to gamble wisely. i do advise newbies to stay away from Defi exchanges like Uniswap. lot of investors has lost their funds on this exchange due to quick scams and it will not stop just like the other exchange platform.

Its really now it seems to be a gamble .Who are new on crypto didn't understand which project will be better, that's why it will be better to stay away from early gamble on this platform .I am still researching the projects which are really have a future .

The majority of people come to the crypto market because of the profits it brings, so it is easy for them to get caught up in FOMO or be scammed by lies.
Defi projects are appearing more than necessary and there will certainly be many defi projects that fail, I think defi projects will be like IEOs in the past.

Silberman

legendary

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Merit: 1338

Quote from: cryptomaniac_xxx on August 28, 2020, 05:29:00 AM

Thank you for the heads up, but I don't know if crypto investors are going to adhere your advise because are are in the Defi boom, and as others have pointed out, similar to IEO of 2017. So no matter what kind of advise you give them, easy $$$ in Defi will be in the eyes of crypto investors and as much as we don't like them to experience to lose money, well it has to happen before they learn their experience.

Unfortunately this is the truth, most people get blinded by the possibility of fast profits and as such when they see that a particular kind of coin is going up in value really fast they try to join the party as well because they don't want to left behind, they see that instead of having to wait a few years to get decent profits they could do so in months or even weeks and most investors do not really care about this market, they only care about the profits they can get and they think they cannot let this opportunity to pass, unfortunately we know how that story ends and it ends with people being scammed and then complaining in the forum about it.

bluebit25

sr. member

Activity: 1666

Merit: 292

Eloncoin.org - Mars, here we come!

Altcoins are not really good for the long term, I invested a lot of altcoins in 2018 but they did not yield too many good results. The price has dropped several times and now those projects are completely dead and there aren't any updates. If you want to be safe in the long term, you should invest in Bitcoin and ETH

Shallow

sr. member

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SmartFi - EARN, LEND & TRADE

I think I will stand on different sides, in the crypto space, it pays to be less greedy atimes, that is, there are projects one should invest in just for quick gains, that's the simple truth because a whole lot of projects out there have nothing to offer than the usual hype which of course leads to pump and dump, to an extent one can also say this about Defi projects. Some Defi projects are good quite alright, but can same be said about others? I don't think so, when taking into account the number of them (Defi projects) springing up everyday. Also, some invest in even good Defi projects, watch it closely, sell at a good price then buy back later on to hold; in this way they have gotten their quick gains.
So from whatever angle we look at it, at different point in time, people first satisfies themselves with initial pump of the project before buying again and holding because of the trust they had on the project, this is applicable to all projects in the crypto space. In addition, most times they might sell and it pumps even more and most times they might sell and it drops further, it's funny but that's the nature of the crypto space. However, the lesson to learn is, hold your potential coins because of what lies ahead.

Pamadar

legendary

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Quote from: bitzizzix on August 28, 2020, 12:44:47 PM

Defi's hype trend is indeed a hot topic at this time and 2020 is the year of Defi, so that many projects that are included in the Decentralized Finance category get huge profits.
and this year investors have seen and are interested in many Defi projects and in my opinion this is still new, we must learn from the name ICO or something else, which initially everything is fine and over time there are also many scams and we have to think about it and learn from the previous.

It's been supported and the hypes still continuing, those who incorporate the projects with DeFi's are gaining attentions
and investors and traders are working to find opportunities riding with this hot trends.

If you are careful and you have interest to ride with this project you still have the chance getting good success just don't
forget to read out and follow the developing progress.

Retainly_Collie

full member

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Second Live

The projects on your list are the best in this market, but there are a few projects that have grown too many times and it would be very risky if we invest in it right now. But for the Oikos project we can invest in it because the current price is very low and it will grow many times over the long term.

Argoo

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Quote from: cryptomaniac_xxx on August 28, 2020, 05:29:00 AM

Thank you for the heads up, but I don't know if crypto investors are going to adhere your advise because are are in the Defi boom, and as others have pointed out, similar to IEO of 2017. So no matter what kind of advise you give them, easy $$$ in Defi will be in the eyes of crypto investors and as much as we don't like them to experience to lose money, well it has to happen before they learn their experience.

Most investors use new ICO projects - IEOs only in order to buy a new token with a big discount and immediately sell it at the ICO price when it appears on the exchange. Therefore, all these advice and calls will be left without proper attention. Such a human essence and we cannot change it.
Therefore, the decentralized cryptocurrency still does not have high liquidity and is very poorly used as a means of payment.

Eco_111

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Quote from: hulla on August 28, 2020, 06:58:14 AM

Be informed that every Defi project are just finance offering project but 98% of them are hype and it will be up two years before we can actually know the project that have good utility among them. However, this is the danger some investors dont understand before put in their in Defi while some only invest in coin currently making waves in the market.

Who would wait for two years just to see which DeFi projects is actually real or which one will end up failing? I invested in DeFi projects to make money and that's all, I don't tend to hold for longer, just to ride along with the DeFi hype and make some money

Tomcolor

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SOL.BIOKRIPT.COM

Often the defi project is a financing project with many defi projects spreading the hype the fastest. All of Dafi projects on OP list have made a comeback in the crypto market very easily and in a very short time and have quickly reached the top. DIA was good as a new defi project this year and I want to say hype. However i have researched some more defi project who will enter the exchange market very soon so the time to get profit can be considered as defi.

dataispower

sr. member

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I really like the picks from OP, I recently added DIA and CURVE on my portfolio. Bought them on OKEX and will hold mid to long term, depending on the development progress. I only dump a coin I invest in when I lose confidence in the team, or when I want to swing trade. Too many new projects, if you chase all you might get REKT.

bitzizzix

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SOL.BIOKRIPT.COM

Defi's hype trend is indeed a hot topic at this time and 2020 is the year of Defi, so that many projects that are included in the Decentralized Finance category get huge profits.
and this year investors have seen and are interested in many Defi projects and in my opinion this is still new, we must learn from the name ICO or something else, which initially everything is fine and over time there are also many scams and we have to think about it and learn from the previous.

kawetsriyanto

legendary

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Free Bitcoins Every Hour!

Quote from: PerfectCircle on August 28, 2020, 05:12:00 AM

Do not invest in DeFi projects that are just DeFi, make sure the DeFi project you pick has better utilitiaes, ...

Almost all of the crypto projects are successful if they have token utility and also real products that can be used in the world. So far, several concepts have been adopted, moreover, this system is very hype right now. SO that many more people will know about the worthy DeFi projects is common enough. AX
Actually there are still several new coins that have been listing in a great place. Never only pay attention to the hype as right now but also the quantity and also value coins.

So here, what kind of DeFi you are willing to have? Additionally, we are holding for a better investment, but we may not only expect from the gains.

LbtalkL

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You have mentioned a decent defi project, there is a rapid increase of DeFi projects now this is what I have witness last 2017 on ICO's it is happening now again with defi but scammers and fraud always exists they are grabbing this opportunity for a quick buck and create many fake projects and then if they reach their quota they run away and many people still falls on their trick. I advised to dig more deeper and verify partnership if genuine and look for projects that really have the potential and useful.

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