History will be repeating itself, invest wisely. - page 4.

Twinkledoe

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Quote from: poodle63 on September 09, 2020, 05:16:42 PM

Quote from: kindbtc on September 09, 2020, 10:59:55 AM

I wonder you are talking about being choosy and selective when deciding to invest because not all defi projects are fake or scam because of the open ecosystem and also defi has big role to plwy in future financial sector. Yes you are right that only small percentage of projects will dominate while others will struggle or fade away.

I think what he meant is that people are crazy about DeFi projects and investing without doing some research or even understanding the project and in my opinion that's what happening nowadays and yes, only small amount of projects gonna make it long term and the rest probably fail mid-way so that's why people need to invest wisely to pick the best of the best projects.
People are really into DeFi project probably because it always give profit but its not gonna be like that forever.

Because people are for short term profit from these DeFis. Most of them are not looking about the background or foundation or capability but the hype surrounding it. As long as they can get profit, they don't care about the structure of the project. But if they get rekt, they blame that the project is fake. So the decision lies on the investor himself, not the project. They can always choose which project to support and shell out their money.

poodle63

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Quote from: kindbtc on September 09, 2020, 10:59:55 AM

I wonder you are talking about being choosy and selective when deciding to invest because not all defi projects are fake or scam because of the open ecosystem and also defi has big role to plwy in future financial sector. Yes you are right that only small percentage of projects will dominate while others will struggle or fade away.

I think what he meant is that people are crazy about DeFi projects and investing without doing some research or even understanding the project and in my opinion that's what happening nowadays and yes, only small amount of projects gonna make it long term and the rest probably fail mid-way so that's why people need to invest wisely to pick the best of the best projects.
People are really into DeFi project probably because it always give profit but its not gonna be like that forever.

sallasvve

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Proof-of-Stake Blockchain Network

Quote from: Twinkledoe on September 08, 2020, 05:13:03 PM

Quote from: sallasvve on September 08, 2020, 04:55:52 PM

Quote from: Dragonfund on September 08, 2020, 07:44:23 AM

Just like ICO, proof of stake,masternode, IEO and DEFi. The trend will come and go but few survive the jungle. The recent spike in price and are all sold off with - 50% and still counting as bitcoin plunge continues.
Sushi developer left the project but I was surprised how the price bounce back when FTX founder renowned his self to continue the project. Invest wisely, most of this project will cost you nothing but loss.

Maybe I was the only one who thought your words were a mother's instruction. Wear a hat in winter, son. Eat spinach soup!

Of course, investors of various Defi projects understand that this is another soap bubble. However, as always, everyone hopes that they will have time to earn and withdraw their capital before the explosion happens.

The hope that they can get generate huge profits is the main reason why a lot of these investors are taking the risk. Even some of them don't have the idea how this project will go or what kind of foundation it has. They do care only about how much it will rise in the market and so they can get high gains. But more than likely, a lot of them will be burned once this hype is over. I don't believe that they really have strong foundation to begin with. Just my 2 cents here.

Everyone should have a sound approach to risk management. If I see promises of a profit of hundreds of percent per month, then I understand the high risks and I will not invest in such projects. It will take some time and the forum will be filled with stories of those people who lost their money, but they will be to blame for the fact that they took too much risk.

[email protected]

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Quote from: cassavachips on September 09, 2020, 11:41:28 AM

This incident proves that a new project that uses the DeFi moment is one that only seeks profit from investors, they don't seem to really know how to manage the project. Because creating projects using smart contracts is quite easy. I assume the owner of the Sushi project has made a big fortune and goes to party and hand over the project with someone else to keep the project going and he is free from a lurking punishment

it's not just new projects that take advantage of DeFi trending moments. some old projects have also started making their updates with some collaborations taking advantage of the market momentum and DeFi trends. but what just happened to sushi, seems to provide a valuable lesson for all of us.

cassavachips

sr. member

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This incident proves that a new project that uses the DeFi moment is one that only seeks profit from investors, they don't seem to really know how to manage the project. Because creating projects using smart contracts is quite easy. I assume the owner of the Sushi project has made a big fortune and goes to party and hand over the project with someone else to keep the project going and he is free from a lurking punishment

kindbtc

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Quote from: Dragonfund on September 08, 2020, 07:44:23 AM

Just like ICO, proof of stake,masternode, IEO and DEFi. The trend will come and go but few survive the jungle. The recent spike in price and are all sold off with - 50% and still counting as bitcoin plunge continues.
Sushi developer left the project but I was surprised how the price bounce back when FTX founder renowned his self to continue the project. Invest wisely, most of this project will cost you nothing but loss.

I wonder you are talking about being choosy and selective when deciding to invest because not all defi projects are fake or scam because of the open ecosystem and also defi has big role to plwy in future financial sector. Yes you are right that only small percentage of projects will dominate while others will struggle or fade away.

shoreno

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Activity: 1750

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its good if it will repeat but what if not ? thats what im talking about , people often complain because its sometime our fault because we give false hope to them but i agree on the part where you said invest wisely . its a short two word but its filled with a deep meaning or different meaning not just one

. picking right coins is an example but you can add in the duration and the amount if how much youl spend and so on . history may be over but theres always a future .

mamesso

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Experienced investors will not be easily tempted by the hype defi, they always consider and do research before making a decision, because they know carelessness will cost them everything.
Defi has already spawned several new projects into the crypto space, but believe me, of many defi projects created, not everything ends badly, there will be good potential projects that will make the crypto market grow.

reliable

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Activity: 868

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Quote from: cryptoknightt on September 09, 2020, 07:52:09 AM

I guess some people are stuck on a pretty deep alt drop maybe more than 50%, some people think it's because of the btc price going down, but I doubt when btc goes back up, will the lower alt go up again, I mean back to where it was before it went down.

For coins which is worthless or just jumped high due to hype then those coins may not rise much or last longer. But something like ETH etc will rise with the price of bitcoin rising again. So now will depends upon people which altcoin they do hold it and what is the demand during the next bull run. But till the time if it is worthy coin, it will rise in coming time for sure.

pawanjain

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Nothing lasts forever

Quote from: Dragonfund on September 08, 2020, 07:44:23 AM

Just like ICO, proof of stake,masternode, IEO and DEFi. The trend will come and go but few survive the jungle. The recent spike in price and are all sold off with - 50% and still counting as bitcoin plunge continues.
Sushi developer left the project but I was surprised how the price bounce back when FTX founder renowned his self to continue the project. Invest wisely, most of this project will cost you nothing but loss.

You are damn right at this point. I already knew that the DeFi hype will soon come to an end and the recent dump is like a signal for the people who think that DeFi is the next big thing. Well it might be but it's not that all the DeFi tokens will skyrocket out of nowhere.
People will have to understand that only the potential coins will stay while the rest will rest in peace.
Stay awake, be aware and keep doing researches on how good the coins you want to invest are.

Hypnosis00

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Activity: 2436

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Quote from: ubay on September 08, 2020, 10:54:53 PM

You can learn from experience, because that's where you get something valuable. Following the trend is great, but it should be noted that you have to learn about something you want to invest in. Strong technicals and fundamentals will make a project that you invest in will end successfully.

If we all have learned from our bad experience before, it for sure no one will become a victim to this trick. And why a lot of projects sprung around from time to time because they always see that there are still a lot of innocent people that possibly be there prey.

From ICO, IEO, and all have been giving us a bad experience. And for now, we have Defi projects and it is quite making the hype again. I hope people much be careful this time and so they will no longer be a victim again.

Ridwan Fauzi

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Don't be tempted to gain a lot of profit in an instant way, unless you spend your money and you are really can afford to lose then you are freely to choosing it.

DeFi project is good but I guess it will end up like another privious event. I know there are many people who gain a lot of profit through this way, but I bet if they are greedy they will lose the money.

I'm not interested to invest in new project anymore, there are a huge risk and I'm not comfortable with them. I just comfortable to chooss bitcoin and some altcoin that I think there are potential although their price are decreasing a lot, I'll keep them in my wallet.

TastyChillySauce00

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Leading Crypto Sports Betting & Casino Platform

Definitely whats in my mind these DeFi thing are just a bubble but if people could realize it and invest wisely they could make out with big profit until the market matured and become what IEO is today. Some projects are not really worth the huge sum of money people invested but people keep their eyes blind against it and still investing. Getting on the hype right now is not the best idea IMO and I'd prefer to just witness whats gonna happen in the future.

qiwoman2

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Activity: 2114

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Oikos.cash | Decentralized Finance on Tron

I am doing some yield farming but with a very small amount of wrapped ETH and also got some DAI in yearn finance and some BNB coin staked on Binance to get free BELLA token which is on ARPA chain. I have a few uniswap investments, some did really well, some not so well and 2 rug pulled. Lesson is always use a small amount of risk capital to use in the high risk area. I only used 0.38 ETH and I am up 8 eth but was very cautious and have calculated my risks very well. Secret is not to be too greedy or you lose your shirt. Most of my portfolio is in top caliber projects with like 55 only risk capital available for newer high risk projects.

erikoy

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I am not against on investing altcoins or new projects because that is privilege of every investors wanting to earn on it. However, in my opinion I will going to invest in bitcoin directly or other strong altcoins that project are working already rather than those project that has high chance that it is a scam. Most of the ICO projects now recorded it mostly scam so I would rather not risk on it investing. Do not trust your money to someone you do not know. Teams handling ICO projects usually ran away after getting some money.

X-ray

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What happened with sushi just a short term hype after it has already acquired by FTX but this time the price of sushi is still going to the bottom and that means people is not trusting this coin anymore. people have become even smarter than before consider a lot of sushi holders have been loosing their money.

Old owned of sushi has already taken a lot of money from the traders. That means the trades have no choice and they must believe in the sushi to get back their money while the old owner has been leaving the market.

The defi hype just like a big trap.

cryptoknightt

sr. member

Activity: 1188

Merit: 251

I guess some people are stuck on a pretty deep alt drop maybe more than 50%, some people think it's because of the btc price going down, but I doubt when btc goes back up, will the lower alt go up again, I mean back to where it was before it went down.

Surrapatt

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Activity: 1078

Merit: 250

Quote from: ubay on September 08, 2020, 10:54:53 PM

You can learn from experience, because that's where you get something valuable. Following the trend is great, but it should be noted that you have to learn about something you want to invest in. Strong technicals and fundamentals will make a project that you invest in will end successfully.

That's right, the advice you give is very good and good for everyone, because experience is the best teacher for everyone, both in crypto and in the real world, so reflecting on experience is a very necessary thing to do so that we can avoid it a little loss.

Gotumoot

sr. member

Activity: 1372

Merit: 261

Indeed we need to invest wisely because just like ICO all the other crowdfunding projects would also walk the same path.
We need to always do our own research on every project that we would like to invest before putting our money in it not every project is worth it to invest most of them right now are just scam and developers would leave it after the initial offering is done.

beerlover

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Quote from: Dragonfund on September 08, 2020, 07:44:23 AM

Just like ICO, proof of stake,masternode, IEO and DEFi. The trend will come and go but few survive the jungle. The recent spike in price and are all sold off with - 50% and still counting as bitcoin plunge continues.
Sushi developer left the project but I was surprised how the price bounce back when FTX founder renowned his self to continue the project. Invest wisely, most of this project will cost you nothing but loss.
[im g]https://i.ibb.co/Kj8hYh5/Reddit.png[/img]

Unsustainable promises are basically a big part of crypto, they have always been. People have been marketing their new stuff like the next bitcoin for about 8 years now. I remember the day litecoin came out and it was literally "silver to bitcoins gold" and assumed it would always be awesome because it will always improve faster than bitcoin because the creators and developers didn't left litecoin so they would always have that power to improve constantly that bitcoin didn't have.

This is litecoin we are talking about, one of the oldest crypto coins, so to say that all the other newer ones are constantly lying and failing would be a understatement. Obviously it will not be successful because they keep promising stuff that they could mathematically can't deliver.

Topic: History will be repeating itself, invest wisely. - page 4. (Read 1086 times)