I see this is almost similar to previous history, especially beginners should learn from previous people, this kind of sushi project will continue to grow where there is a trend in the current market about Defi or stake, people will be happy with fast money so they waste money they are scammers, that's strange, hopefully beginners want to learn about the previous history so that everything is safe investing
I kept warning newbies about this matter but none of them really cares about risk management of their capital neither the high risk of losing when putting their funds in such high yield and risky investments. I've seen the ICO raise in 2017 since day one, i've watched the hype in the Defi tokens and i can assure you that in the upcoming years there will be more and more projects making buzz but my hopes are in the investors as the awareness/knowledge is a must nowadays before any financial decision. 
Topic: History will be repeating itself, invest wisely. - page 6. (Read 1086 times)
Projects these days are only beneficial when you buy at their pre-sale ( if they are not a scam project ) investors buying while in pre-sale will benefit the most from a double back, some are easy triple back when listed to Uniswap. If you're an investor of a coin that is already listed, waiting for a dump so you can buy expect a hell coz only 10% of the coin in the market like SUSHI and HOTDOG will be hyped for a few days. Look at SUSHI and HOTDOG , who would have want to invest on that kind of shitty project now?
I believe this is an open vent for scammers, newbie investors should be aware of what it is really to invest, if you want to invest and get quick profit then go with this DeFi projects, just only don't cry in here, try to post the entire project and cry like a baby
I believe this is an open vent for scammers, newbie investors should be aware of what it is really to invest, if you want to invest and get quick profit then go with this DeFi projects, just only don't cry in here, try to post the entire project and cry like a baby
I was like "Oh Bam Bam, this DeFi shit is gonna get fucked right here while BTC is falling" and you won't believe, YFI was down around 50% while the dump game was going on when Bithumb raid news came into the markets. And you're wrong here, sushi didn't do a 50% loss but reached 1/9th from its ATH of 9700 (I don't consider 0.00388 BTC to be its ATH as that was just the start and it began with too many dumps which brought the price near 10k sats, and later to 1100 sats when BTC dump started).
History will definitely repeat itself especially as long as the bull trend stays here like after each btc halving in history market has seen a bullish trend so i think right now is a good buying and accumulating time to ride the bulls to the moon.
Regarding sushiswap i think full investigations should be undergone against the initial owner so one way is to recover and return all the payments from sushi admin because he has effected the plans negatively. Investors are the biggest people in loss to be honest.
Regarding sushiswap i think full investigations should be undergone against the initial owner so one way is to recover and return all the payments from sushi admin because he has effected the plans negatively. Investors are the biggest people in loss to be honest.
Yield farming allowed me not to withdraw cryptocurrency to fiat, but simply to place it and receive passive income that is enough for life.
hype is what make crypto marlet grow, if there is hype people invest so fresh money will come in to boost the market, even in real life there are some situations that required some kind of hype to succeed, the only thing is for investors to be mindful of the type of project to join, and most especially remove the idea of long term in this type of project.
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Well said Op. It’s more than sure that history will be repeated. And very near we can see this maybe. How the Defi hype are happening in recent crypto world then, I think we will see very hard time more than past. And Yes I saw the news of sushi project, if we don't learn and don't be wise we will lose a huge again Imo. So don’t be greedy again especially when you will interested to invest in Defi project. Be cool and wise, investigate, take some others opinion if possible then decide to invest. Always keep in mind that it’s your hard working money. And you are the man who can secure it.
ICO hype in 2017 ended up with loss of capital for many investors who were holding the tokens in 2018 and later, in 2021 the same thing is going to happen and that is already started with some defi projects are getting ended up in scam.
Don't invest on hype because you are going to lose your money if you are at the end of the queue.
Don't invest on hype because you are going to lose your money if you are at the end of the queue.
every trend always give birth a potential project(s), during the period of ico gave birth to amazing projects, ieo also bring in some decent project into the crypto community and now it is the defi time and I believe out of the many defi project being created not all are going to end up as bad, there will be some few outstanding ones, so there will always be a new trend to bring in new project if not how will the market grow.
People should be realistic while investing. Jumping in for trend or someone endorsed a coin would not be a good idea. The supply and demand would generate the exact price. Be sure what's the supply of the coin and how much would you think it'd be demanded in coming years. If it's a yielding coin or a POS, calculate both your interest and inflation. Though people have different strategy while trading, the ones that chooses a good coin and holds till they get a good price wins the most.
Almost every hype has a identical pattern. You need to join it as early as possible.
The earlier you join it the more profit you can make. Once the hype is public and covered in every news or discussed widely here in the forum, it's almost to late join.
The early and experienced investors will dump on you and leave the with a fat profit.
Those who come late get burned heavily.
The earlier you join it the more profit you can make. Once the hype is public and covered in every news or discussed widely here in the forum, it's almost to late join.
The early and experienced investors will dump on you and leave the with a fat profit.
Those who come late get burned heavily.
That is what makes most investors hesitate to put their money in the Defi project or not, after seeing the current role of DEFI as a signal, many also claim to be profitable for short-term investments and I think this DEFI Trends will not last long in the market.
Just like with ICO, with the eventual burst of this bubble will come a realization that DeFi isn't that useful, that it's not being used in the real world, that it's not a revolution and that the big bad traditional finance is still strong. The 2013 was the year of crypto hype, when participants thought that crypto will soon change the world, then it repeated in 2017 with blockchain technology and ICO, now it's happening with DeFi. So, maybe in 2023 there will be a new hype that will repeat this pattern for the fourth time.
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.
As soon as the news about the taking over of sushiswap by ftx surfaced the market has received it positively that is why the prices have bounced. I agree to the point that we should invest in only high quality projects and should not follow the short term hype and fomo. 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.
Already the Defi market is shaking due to the Sushi project exit scam and many other projects created with the same intention are also going to follow the same before the investor woke up and dump their tokens.
2020 has been the worst year so far then why invested trusted on this to become rich.
2020 has been the worst year so far then why invested trusted on this to become rich.
fiscus will be like this is a few months. Dont say I did not warn you! fiscus.fyi
People have still managed to make a killing out of this massive hype and defi trend.
Everyone was perhaps aware that these projects will not be sustainable for long so they just gambled it considering the fact that the prices were flying and in the end some were winners and some losers but rest assured the good quality projects will sustain and survive through all this for sure.
Everyone was perhaps aware that these projects will not be sustainable for long so they just gambled it considering the fact that the prices were flying and in the end some were winners and some losers but rest assured the good quality projects will sustain and survive through all this for sure.
I said it also in one of the threads here.
It is about hypes but there is no difference.
This discussion will also end up there.
DeFi had been like the talk in social media outlets.
Luckily, it is not yet the number 1 trend in Twitter.
It's starting, scams left and right. Give it 3 more months and we will see more.
It is about hypes but there is no difference.
This discussion will also end up there.
DeFi had been like the talk in social media outlets.
Luckily, it is not yet the number 1 trend in Twitter.
It's starting, scams left and right. Give it 3 more months and we will see more.
For experienced ones, the recent DeFi hypes should be manageable but the thing here is, people don't stop risking that's why if there's a chance, they will grab it. Others succeed in riding the wave but unfortunately, not all have the same result.
For beginners or new players in crypto, I don't want to blame them for their losses or riding the train late since that experience served them as a lesson. Surely, they will now know how to play with the risks once they are in the same situation again.
Hype will be here forever. This is a part of any investment be it on crypto or not. DYOR sometimes didn't work, as no doubt, there are projects that unpredictable. So the key here is the right execution of strategy without the involvement of emotions. A hard task to apply though so it's a challenge.
Only a fool will think this growth on DEFI is sustainable, any investment you make and you are able to double your money, take your investment and let the profit run. We saw how the 2017/2018 went, investment of $10k is less than $10 now and most of these prices won't come back to their ICO price because there are a lot of bagholders waiting to dump on you
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