Topic: Don't invest for quick gains only - page 6. (Read 2687 times)

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

I think the main hype for "fast" investment in crypto have passed a long time ago (during ico and ieo). Now in defi there's some hype but still it's not the same like 3 years ago.

I think the main hype for "fast" investment in crypto have passed a long time ago (during ico and ieo). Now in defi there's some hype but still it's not the same like 3 years ago.

Yes Oikos could be good project but still have some complain about bounty distribution of first round. So many people didn't get their rewards and blocked them from telegram group, admin says distribution is over. Deb's always dump the price before bounty distribution start, second round distribution could start again.
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There might be another good pick by the time he bounty distribution is over. It happens after the first round tokens were distributed, it can happen again.
Oikos IMO did well to have chosen Tron plat. It did not follow the course of most DeFi projects, where most of them are now being affected by the network.fee of Ethereum platform. Many will.come to Tron Defi.

I totally agree with your opinion, they are good Defi projects in this market and we can invest in them. I am interested in Oikos, which is the first Defi project in TRON network and they are still doing very well, the current price is only 0.05 $ and we can buy them and hold for a few months. Surely we will have a lot of profit from investing in it

Few coins are cool for very long term investment, I agree with you. But there is nothing wrong with making quick gains on some trade setups, speaking from the angle of a price action trader. Sometimes I see highly profitable setups with good R:R ratio and swing trade them for short term purpose. This doesn't mean I don't keep some coins for very long term.

Few coins are cool for very long term investment, I agree with you. But there is nothing wrong with making quick gains on some trade setups, speaking from the angle of a price action trader. Sometimes I see highly profitable setups with good R:R ratio and swing trade them for short term purpose. This doesn't mean I don't keep some coins for very long term.

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

Sometimes I don’t invest in new projects due to the hypes that are surrounding them. Some are just a way to create pump and dump. They try to hype it and then people start buying and the next thing they will dump their bags on the late investors.

So anyone that has plans to invest in these projects has to be very sure of what they want to invest their money into. If you can’t find a new project that seem reliable, it’s best that you stay clear from them and only invest in the old ones. I don’t know why people usually think that they will benefit more from new projects than the old ones, okay that might be true, but the old ones are more reliable and you wouldn’t have to bother yourself, or fear waking up and the project has disappeared.

From the start I wasn't interested in the existence of a defi project. It feels strange because there are so many defi projects that pump up to a high price,

From the start I wasn't interested in the existence of a defi project. It feels strange because there are so many defi projects that pump up to a high price, people will immediately be hooked and will participate in enlivening because there are many benefits. But on the other hand there is a deep disadvantage if you don't pay attention.

Quick gains are good but sometimes we cannot gain a big amount on it. Long term investment can make us gain a big amount of profit but it takes time and need a big patience. It is not easy to wait for a very long time if we dont have the confidence and trust on our investment so we need to sellect an investment that  meet our qualification.

 I feel like there is too many people who are here for the "get rich quick" type of things and that really upsets me. Why do people do that? Why do people think that it is possible for them to be the very very few rare people who managed that to be them? I mean sure one in a billion happens but its not really the odds we go for in financial world is it? Not when the other side is losing money by the bunches.

 Instead of risking it for all or nothing type of situation why not just focus on something more possible? Why not go for yearly %20-30 profits for example? Thats not really that hard? Go for small gains that are longer to wait, get %5 profit in a month, focus on that type of thing, it would really change how you approach bitcoin and crypto in general and it would actually make it realistic and when you reach it which is likely, you will be happy too.