I started investing in crypto 4 years ago but recently did I made profits - page 8.

Furious 7

hero member

Activity: 2856

Merit: 644

https://duelbits.com/

Quote from: bulldesai on July 21, 2021, 05:30:22 AM

What was your first DEFI Coin?
Did you got rug pulled?

Share Name of Influencer That you feel is shady?

I don't remember about the first DeFi coin what I did obviously I was so much into DeFi coin and in the end it became a Rug pull, I have experienced this and I know this is the risk of the current trend so for me this will be a lesson

There are so many shady Influencers including Elon Musk that many say, but we know as Influencers will continue to scare us into making purchases on the wrong coins.

noorman0

hero member

Activity: 1764

Merit: 694

[Nope]No hype delivers more than hope

Quote from: bulldesai on July 21, 2021, 05:30:22 AM

What was your first DEFI Coin?
Did you got rug pulled?

I'm not going to answer these questions, I just noticed that you're promoting Coreto services (as well as elsewhere). Such a service, will not make you believe in yourself in making trading decisions. It will sometimes annoy you with investment advice and limit your own experience space.

Quote from: bulldesai on July 21, 2021, 05:30:22 AM

1) Find & Follow Credible Experts.
2) Learn as much as you can & become and expert.

You haven't covered the point on how you should learn. 80% of Influencers on the recent meme/defi trend are only able to create a momentary hype effect. Rugpull can also occur due to influencer interference.

Gozie51

hero member

Activity: 2520

Merit: 624

There is a day for the hunters, is good to know you have realized certain things and have started correcting the wrongs. Hopefully you will keep to what you have learnt. And one of the things I saw in your post is lack of confidence in your self which made you to follow other people. I believe that following people might do more harm than good to you because you may not know the reason a trade is made. Learning is not easy but we have to careful with it

Alanaz

member

Activity: 980

Merit: 10

simple and I will conclude based on your statement. where some steps are not quite right (I'm not saying the wrong steps), remember the steps you did not quite right:
first : hurry and don't think long

Quote from: bulldesai on July 21, 2021, 05:30:22 AM

I've been investing in defi without knowing the risks.

second: not clarifying information, and only relying on FOMO that comes out of influencers.

Quote from: bulldesai on July 21, 2021, 05:30:22 AM

As a beginner I was following all the Influencers blindly & lost all of my savings.

you can feel the rest until now, because 4 years I think is enough to enjoy the results more than what you say now. but don't regret what has happened, you are still lucky, there are still many out there who are not familiar with crypto until now, and it's your job to share the knowledge you have and share it with others.

RokokGudangGaram

full member

Activity: 966

Merit: 102

Why would you follow other people if you can do your own research and know the credibility of the project? Those people were getting paid to advertise the project, they didn't do it for free luckily I never participated to DeFi that's been pull rugged and so far I did make good money in DeFi projects although the price of these projects were really volatile and I nearly lose all my money because of it.

DarkDays

legendary

Activity: 2030

Merit: 1189

This is an interesting topic since not many people want to admit they've started wrong and that was costly to them.

It does not matter when you enter the market but if you enter the market because everyone else is shilling that project then you should expect rug pulls. With most of these DeFi coins it is about people shilling to new people until this becomes a perpetual cycle which is why it is recommended not to follow influencers so closely - remember they are paid to shill.

NEVER be a sheep, be your own shepherd, except of course in the case of BTC Wink

Dragonfund

full member

Activity: 546

Merit: 148

Only those with free money to dash off follow influential people on making decisions and calls.
You must be a lazy type If you have stay in crypto for 4 years and you couldn't make your own trade or do proper research, you even know what rug pull means, the risk associated with new projects, yet you didn't stop at one but three consecutive mistakes. That's really bad in my opinion.
My experience with DeFi tokens aren't really bad, the loses weren't significant and they were all sold close to all time high.
Risk with management is really helpful, take the advice.

bulldesai

newbie

Activity: 10

Merit: 1

I've been investing in defi without knowing the risks.
I think we all need to know risks investing in defi.

As a beginner I was following all the Influencers blindly & lost all of my savings.

Had 3 rug pulls & lost more then 80% in other defi projects I Invested into.

what i found is, it's very important to check & verify team.
Also see if they have a live product.

And also Find Influencers who are really credible.

Then I started creating a spread sheet to track Credible Influencers & Their calls.

Bought RSR & Made Really Good Multiples on It.

What I've learned at the End is,

1) Find & Follow Credible Experts.
2) Learn as much as you can & become and expert.

I've been my full journey on coreto.io,
where you can clearly see my credbility (Trust Score).

And my reliability.

P.s - It's also a project I'm Investing recently into as it's pretty similar to tradingview with trust & performance score measured in their tokens.

What was your first DEFI Coin?
Did you got rug pulled?

Share Name of Influencer That you feel is shady?

Topic: I started investing in crypto 4 years ago but recently did I made profits - page 8. (Read 1220 times)