Topic: Feels like we are going ICO round 2 all over again - page 3. (Read 602 times)
Exactly this time the ICO was held on the DEX and they happened faster with less money. DEFI projects are attracting a large amount of ETH, sometimes they raise funds for an ICO using other altcoins on Ethereum. These projects quickly increase in value and then fall in freefall. Although ICO-sponsored projects have no clear origin, everyone involved is very active. They are trading quickly for a profit exit soon. Those who came later all suffered losses.
ICO round 2, pretty similar to scam part 2. I know what you mean but this De-Fi hype will be gone soon, it will not stay long and nothing could beat the ICO craze which many people made fortune on but a lot of people also lose their money. IMO, the safest to invest now is on IEO as it also risk the exchange reputation if they will support a scam project.
Not only this, with the help of imagination we can do a lot of research and we can see that a lot of defi projects will be dead within the next year. You will understand that lots of new investors have entered the crypto market at this defi hype. There are also many scam defi projects coming up all the time. In my opinion, it is better to trade for defi project and the risk of holding for more days is high.
investors only want to make progress so that they can still make a profit so that when there is a new DeFi project, investors will come in and try to participate in this program, when they have made a lot of profits and they feel that they are not attractive, they will come out and leave this project. Just imagine if there is no big hype of DeFi projects today will new developers start switching to DeFi potential or build DeFi projects from scratch? No I guess, this is why I think that majority of DeFi projects will die between now and coming year, a painful death I think because they will turn scam, ICO investment websites are full of unknown DeFi tokens that are targeting uniswap exchange for listing, the DeFi tokens have no ANN on this forum and they have low max supply, what's even more disturbing is that people are investing on these coins, I feel like we are going ICO round 2 again
ICO round two? Well that's for those who can't do research on projects very well, most especially the newbies but it's more easier to avoid scam DeFi projects, here is what I'd do if I were you 1. Never join any DeFi projects that have anonymous team
2. Join DeFi IEO projects from top exchanges
3. Uniswap IEO can easily get you fooled, any scammers would prefer to use uniswap
Not only this, with the help of imagination we can do a lot of research and we can see that a lot of defi projects will be dead within the next year. You will understand that lots of new investors have entered the crypto market at this defi hype. There are also many scam defi projects coming up all the time. In my opinion, it is better to trade for defi project and the risk of holding for more days is high.
Just imagine if there is no big hype of DeFi projects today will new developers start switching to DeFi potential or build DeFi projects from scratch? No I guess, this is why I think that majority of DeFi projects will die between now and coming year, a painful death I think because they will turn scam, ICO investment websites are full of unknown DeFi tokens that are targeting uniswap exchange for listing, the DeFi tokens have no ANN on this forum and they have low max supply, what's even more disturbing is that people are investing on these coins, I feel like we are going ICO round 2 again
Well by now it's pretty obvious that there are a lot of scammers, more than the 2017 ICO boom and taken advantage of this Defi madness and uniswap exchange. So the death will be twice and very quick as compare to ICO, because ICO thens to relieve its old glory in 2018 and people still thinks that it can bounce back. Yes, it's disturbing to see huge money flowing in, but what can you do? Crypto investors wanted to get profits and most of the time greediness takes over logic.
Defi is what is trending right now, you can call it ICO 2, trust me, no one cares, even those that will respond to your post here pretending as if they are not interesting, they are actually interested. Many are in it including me. I will say it is time to enjoy the show of Defi, we can either cry later and may be celebrated. As your post suggested, it might eventually crash but for now, it is all about Defi.
I don't see people will trust for the second time around to ICO because they lost a lot of money because of that.
During 2018 upto this now millions dollars scam by scammer and I think this is the right time to think about stop investing to ICO.
I will never invest to the Initial coin offering and I hope many of us will also the same just like what I did.
During 2018 upto this now millions dollars scam by scammer and I think this is the right time to think about stop investing to ICO.
I will never invest to the Initial coin offering and I hope many of us will also the same just like what I did.
I believe the OP is just making a comparison with ICO days. Not really thinking that we will have second round of ICO. The DeFi hype is like ICO happy days. Everyone wants to get profit from their coins or tokens. But very soon, we will see that most of them are just crap DeFi tokens. And just like ICO days, many buyers will be rekt by worthless tokens.
I don't see people will trust for the second time around to ICO because they lost a lot of money because of that.
During 2018 upto this now millions dollars scam by scammer and I think this is the right time to think about stop investing to ICO.
I will never invest to the Initial coin offering and I hope many of us will also the same just like what I did.
During 2018 upto this now millions dollars scam by scammer and I think this is the right time to think about stop investing to ICO.
I will never invest to the Initial coin offering and I hope many of us will also the same just like what I did.
Just imagine if there is no big hype of DeFi projects today will new developers start switching to DeFi potential or build DeFi projects from scratch? No I guess, this is why I think that majority of DeFi projects will die between now and coming year, a painful death I think because they will turn scam, ICO investment websites are full of unknown DeFi tokens that are targeting uniswap exchange for listing, the DeFi tokens have no ANN on this forum and they have low max supply, what's even more disturbing is that people are investing on these coins, I feel like we are going ICO round 2 again
there is the same hype that we have seen in 2017 and we should not ne surprised or angry for that.
it's natural that newbie try to find their lucky coins, "betting" in any new launched DeFu launched (as this is the new hype).
always, excluding just few excellence, is a very big risk invest in such type of product ....
Just imagine if there is no big hype of DeFi projects today will new developers start switching to DeFi potential or build DeFi projects from scratch? No I guess, this is why I think that majority of DeFi projects will die between now and coming year, a painful death I think because they will turn scam, ICO investment websites are full of unknown DeFi tokens that are targeting uniswap exchange for listing, the DeFi tokens have no ANN on this forum and they have low max supply, what's even more disturbing is that people are investing on these coins, I feel like we are going ICO round 2 again
i think low max supply will push the price up my friend, but for a good project
people investing on defi project is because they only follow the hype, and now as you said above the hype coming to defi type project right ?
anyway in my opinion the hype on defi project is not over yet, and i believe we will see another good price movements on a good defi project buddy
that's what I'm thinking too. just like bitcoin, it has the same vibes and people also wanted to buy even more despite of the low supplies. However, if they really want some coins that has some high supplies they could go for the other coins but they didn't. this one of the indication that the low supplies won't really matter to them and it would be a way to even raise its price after some months or years from now.
Still all the same to me, ICO, IEO, DeFi or upcoming fundraising strategies, scammers will always use any available means to scam people, only old investors can evade scammers easily not new crypto investors, newbies have the habit of ignoring lessons, I wish they can put learning habit first before investments but they won't, would they?
This absurd "investment" and Ponzi-like scheme has been here for a long time, even before cryptocurrency stuff. The problem is that the younger generation doesn't yet have the experience to know which one is a legit and reasonable investment and the one that just a blatant scam.
There will be "ICO round 3" with the same modus operandi. It always involves buying something to get rich quickly and resell something "new" for a substantially higher value. The hype is everywhere started from tulip, orchid, artworks, gemstone, etc.
There will be "ICO round 3" with the same modus operandi. It always involves buying something to get rich quickly and resell something "new" for a substantially higher value. The hype is everywhere started from tulip, orchid, artworks, gemstone, etc.
This DeFi hype will force investors to do more due diligence since it's very short term and every projects now using defi as their main focus. But maybe it's slightly different from ICO in last 3 years. iam still sure that investors and community know better projects to invest
Just imagine if there is no big hype of DeFi projects today will new developers start switching to DeFi potential or build DeFi projects from scratch? No I guess, this is why I think that majority of DeFi projects will die between now and coming year, a painful death I think because they will turn scam, ICO investment websites are full of unknown DeFi tokens that are targeting uniswap exchange for listing, the DeFi tokens have no ANN on this forum and they have low max supply, what's even more disturbing is that people are investing on these coins, I feel like we are going ICO round 2 again
i think low max supply will push the price up my friend, but for a good project
people investing on defi project is because they only follow the hype, and now as you said above the hype coming to defi type project right ?
anyway in my opinion the hype on defi project is not over yet, and i believe we will see another good price movements on a good defi project buddy
they meant not to make an announcement thread here for the project security they know many will ask important details that need to be know by investors and they don't want to give that information.
But if you are long investors you should know that they need to have one here for your own security and members of this forum can help you to check project legitimacy and open an accusation if they found out something wrong with the project.
I agree. This forum immediately recognizes the scam. Many of those, who tried to cheat in the ICO, was found here. Today they are not even trying to create an ANN. Because without providing correct information, they will not receive recognition here.
So many questionable platforms are popping up with Defi today. Many of them have not passed the code audit.
Therefore, everyone who has doubts about projects of this type should allocate a separate wallet and withdraw as much money to it as it is not scary to lose.
Even Vitaly Buterin warned about the dubiousness of Defi projects, his remark about the possibility of hacking decentralized financing protocols, which could lead to the loss of user funds, is very relevant. For example, the recent story with the bZx cryptocurrency lending protocol.
https://www.theblockcrypto.com/post/77656/defi-protocol-bzx-attacked-lost-8-million-faulty-code
And if this often happens, then such projects will very soon lose popularity.
yes, it may be the second round but it's on the investors' side now, why? because what happened in 2017 will not happen again to the investor
we have learn a lot during that year, we know now what are the do's and don't, its an advantage to us and a disadvantage for the scammers who
will try to elude us to 1000x profit which we fall easily, at the same time there are lots of groups that can verify if projects are good,
and we must be proud of it from our mistakes during those years we are now better than before.
we have learn a lot during that year, we know now what are the do's and don't, its an advantage to us and a disadvantage for the scammers who
will try to elude us to 1000x profit which we fall easily, at the same time there are lots of groups that can verify if projects are good,
and we must be proud of it from our mistakes during those years we are now better than before.
difficult situation, many think that this DeFi project is a scam. and uniswap is considered worthless. if all need a process, the wisest thing is to wait. but worse, the current situation was not the right time to wait. We all know that ico and Ieo have lost faith in the last 2 years and the crypto world needs new innovations for new, more promising projects.
Just imagine if there is no big hype of DeFi projects today will new developers start switching to DeFi potential or build DeFi projects from scratch? No I guess, this is why I think that majority of DeFi projects will die between now and coming year, a painful death I think because they will turn scam, ICO investment websites are full of unknown DeFi tokens that are targeting uniswap exchange for listing, the DeFi tokens have no ANN on this forum and they have low max supply, what's even more disturbing is that people are investing on these coins, I feel like we are going ICO round 2 again
We had so many bubbles and Ponzis in the past and I would assume investors to behave in a rational manner. There are a lot of people who lost their hard earned money to various ICO/IEO scams such as PlusToken and OneCoin. If people continue to invest in such scams, then they should be ready to face the consequences. The DeFi bubble is going to burst anytime soon. It was too much overhyped.
Do you mean about the second round of ICO bubble again? I don't think so but this is a defi bubble. There are so many scam defi appeared in the market and some have become exit scam projects too. If we are seeing the pattern and it looks like this defi trend has the same pattern with the ico bubble.
People are hyping the defi and then scammers have seen an opportunity to create more and more scam projects.
People have made the bubble to come again.
People are hyping the defi and then scammers have seen an opportunity to create more and more scam projects.
People have made the bubble to come again.
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