Don't invest for quick gains only - page 3.

Kong Hey Pakboy

member

Activity: 1120

Merit: 68

Quote from: Shasha80 on January 27, 2021, 06:46:59 PM

It is very regrettable that most investors only care about quick gains only, therefore many have become victims of fraud. Because scammers know
DeFi is a trend that is very booming and is of interest to many people, eventually many DeFi projects have sprung up without any clear purpose.
Finally in order to avoid becoming a victim of fraud, we do have to do research and analysis thoroughly and make sure the projects we are going to
buy have better utilities. Don't choose DeFi which is popular because of the hype alone.

Indeed. Since DeFi projects become a hype, investors are only interested in looking for quick gains or profits because waiting for a long time is not worth them. Therefore many have become victims of DeFi scams, especially those free fake airdrops and giveaways on Twitter. Easy money and quick gains really exist, but not all the time because if earning money is really easy, many people are rich today.

"It takes time to create excellence. If it could be done quickly, more people would do it."
John Wooden

ahoenk

hero member

Activity: 1246

Merit: 502

I agree with you in this statement, but its not only on DeFi project, i think next big think is big data niche. And i am very confidance on XSL Labs on this niche. I invest on it for long term to support developer. We need long term investor not only pump and dump actor to invent something new.

Shasha80

sr. member

Activity: 1876

Merit: 318

It is very regrettable that most investors only care about quick gains only, therefore many have become victims of fraud. Because scammers know
DeFi is a trend that is very booming and is of interest to many people, eventually many DeFi projects have sprung up without any clear purpose.
Finally in order to avoid becoming a victim of fraud, we do have to do research and analysis thoroughly and make sure the projects we are going to
buy have better utilities. Don't choose DeFi which is popular because of the hype alone.

JNR

full member

Activity: 585

Merit: 100

@JNRcryptobox

its depend on what kind of investors/traders we are ?
because if we trade in short perior time, maybe day traders we will always open and close our trade in short, especially for scalpers
but if we a kind of swing trader, we will always hold our assets for long term

Ryushin

member

Activity: 322

Merit: 10

The problem is too many altcoins are dead after successful beginning of their journey, it's like almost all new altcoins for build for short term only, I only want and prefer to hold old coins for long time without any worries than new altcoins that you can never predict what the team have in plan for the project

S4VV4S

hero member

Activity: 1582

Merit: 502

Yes, there are not a few bounties that are similar in the hope of getting big and fast profits, they are looking for investors to invest in their bounties so that with the hope that is given as if the profits are made quickly so that everyone is interested in supporting their bounty, remember events like this will repeat They only want to find profit for themselves, not for supporters and investors, so that we are more careful and careful about such bounties

Willitivity

sr. member

Activity: 1190

Merit: 256

Quote

don't invest for quick gains only

IMO there's nothing wrong with an investor trying to get quick gains off his investment, afterall every investor expects returns from his/her investment, the only down side to this is that investing for quick gains will only make you lose your capital even much faster, cause it's not every crypto project you invest in will boom immediately it gets to the market, some usually takes alot of time before it starts pumping, so for an impatient investor if it dumps after listing they will panic and sell off their share of the tokens and end up losing some of their capital.

Smartvirus

legendary

Activity: 1554

Merit: 1139

Investing for quick gains is very common during the bullrun, it's the time where you find new and old investors taking loans sorely for the purpose of benefiting from the run within a short time frame. This is a very dangerous move for a volatile currency like bitcoin and altcoins. You never can predict so accurately the direction the market would take and as such it's only best you invest and be ready to stay long.
Loaned investment capitals are always the worst as it comes with interest and it's rather bad when your not sure of making profit not to talk of gains on the interest.

arifteguhr

sr. member

Activity: 1246

Merit: 252

Investing in altcoins, generally 3 months, can get the maximum benefit. Remember that you buy when the price is Sideways or in a Downtrend. if we buy when we are Bullish, of course we will be stuck on an increase and the average here is no longer we get a profit. but we are the same as gambling because we hope to get profits quickly. Even though something like that is a high risk. Many people end up stuck on price and then become traumatized

Wipeout2097

sr. member

Activity: 840

Merit: 255

SportsIcon - Connect With Your Sports Heroes

If we analyze on reality basis individuals contribute in cryptocurrency, essentially since they need to create benefit and not because of what the extend has got to beneficial offer. I must suggest just do personal proper research and make a list of project with great supply and handsome profit. I truly do accept that in case everybody is more concerned approximately the utilize case of a extend, at that point we would have many more ventures with exceptional utilize case which would offer assistance within the acknowledgment of the objectives of cryptoworld.

Greatdev

member

Activity: 266

Merit: 16

Sovryn - Brings DeFi to Bitcoin

People invest for quick gains because too many new projects died in very short time, so many new projects of nowadays are build with short term existence in mind, if you can dig up the list of so many projects that have died in the past you will be that many have very good use cases, holding coins can cost you a lot if you aren't smart

JoKleinTopper

newbie

Activity: 28

Merit: 0

earning money takes patience

Mariangle Blocker

newbie

Activity: 28

Merit: 0

Quote from: cryptomaniac_xxx on August 28, 2020, 04:29:00 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.

yeah, it's risky

AssociatesBumble579

member

Activity: 160

Merit: 10

Yes, I completely agree with your comment, in this forum, there are lots of DeFi project with lots of good offer but sometimes some projects fall down their own price, so please stop doing the quick gains thing, research the market and when you acquire the experience, you will gain in future. Everything depends on your effort because there is no shortcut.

Zeehaxan

member

Activity: 294

Merit: 10

WhalesHeaven - Custody Free Swap Exchange

Quote from: PerfectCircle on August 28, 2020, 04:12:00 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

Yes, I like the concept of your thread and I fully agree that there are many projects that should be held for longterm because they are really building something amazing and bringing new solutions in the market so we should support them and give them ample time, this way we will not only help them in making successful but our investment will also grow huge after the success of the project.

maculeth

member

Activity: 714

Merit: 11

BountyMarketCap

This is very important and useful information because DeFi is currently hype. Besides investors, many bounty hunters have also been carried away by the DeFi hype. As a newcomer, it is difficult to identify whether the DeFi project is really good or not, but with this forum, at least there are many considerations that can be discussed.

pandanaran

full member

Activity: 1048

Merit: 101

Quote from: qomariah95 on December 13, 2020, 03:14:23 AM

Great advice, but most people take advantage of the DeFi hype for quick profit. Therefore, many people are still interested in new projects. Even though they know the huge risk of investing in such a system, people will still do it.

Defi's hype has attracted the sensation of the current crypto market, every day there are always new Defi projects and some of them end with scams. As an investor and trader you need to be vigilant before making decisions on the Defi project. but if you want to take quick profits Defi is not a bad choice as long as you can use Defi for short-term gains, don't hold the Defi coins for too long and remember! Get out after you get a good return (don't be greedy)

Alexmagn84

member

Activity: 517

Merit: 10

Defi project are simply money offering project yet 98% of them are publicity and it will be up two years before we can really know the venture that have great utility among them. I truly accept that in the event that everybody is more worried about the utilization instance of a venture, at that point we would have a lot more undertakings with remarkable use case which would help in the acknowledgment of the objectives of the business.

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Quote from: qomariah95 on December 13, 2020, 03:14:23 AM

Great advice, but most people take advantage of the DeFi hype for quick profit. Therefore, many people are still interested in new projects. Even though they know the huge risk of investing in such a system, people will still do it.

Yes most people don't want to make any stress about investment, they want to make quick profit from their investments. However it is not possible, sometimes you can be lucky but it will not take a long time. This method doesn't work every time. If you follow this strategy, you will lose at the end. It is not a great idea to have a same method. You should make great research about project which in you want to invest. For example as mentioned people are much more interested in Defi projects for gettind high day by day. But it is not reason of following such as new projects, you must know that there is always risk in investing, you should take care about that. Sometimes you need to wait for making mkney, it doesn't happen as expected.

Roidz

sr. member

Activity: 1386

Merit: 250

1XBit.com

Quote from: HerbertMarcel on January 02, 2021, 01:40:57 PM

Most of the people invest in crypto just to make a profit and they don't even care what the project is offering. My advice is not to gamble, but to be concerned before investing. It is very natural actually because most of the new investors don't study before investing and it is a very dangerous thing to do. There are so many scams around and really need to do research before investing. So my opinion also goes with do not invest in DeFi projects that are just Defi, make sure the DeFi project you pick has better utilities.

many investors are trapped with greed nowadays so that only the losses they get, right as you say, if the purpose of investing is big profits, but we also do not deny that now fraudulent project developers often become big profits as their lure to get investors , I think it's better to investigate a project that offers unreasonable benefits because otherwise it could harm us, especially now that it seems like the Defi project is starting to be used as a means of fraud by irresponsible people.

Topic: Don't invest for quick gains only - page 3. (Read 2687 times)