Insanely high APY projects will lose more

keyscore44

legendary

Activity: 2002

Merit: 1016

Quote from: TreyARC on May 29, 2022, 03:42:26 AM

Warning

As bad as majority of meme coins are there is something that's way worse than meme coins and I am sure that you newbies must be aware if such projects, they normally ends with http://Finance, there are few other examples too like Safuu and Titano, these tokens have red flags written on them from day one, now if you compare these projects with Luna well Luna is still better, yes, they are that worse...... Have you look onto their charts lately? They are simply giving people what they want, get rich quick.. If you know what's good for you and your cash put them in bitcoin and stable coin.

I guess what you wanted to say in your comment, but I'm afraid you did it in a terrible way.
To think that LUNA, a project that failed and investors lost all their money, is better than projects that work but have red flags, is downright idiotic.
Everyone should do a thorough analysis of the project they are investing in. If someone does not know how to do such analyzes, then he should not invest at all.

shinratensei_

legendary

Activity: 3276

Merit: 1029

Leading Crypto Sports Betting & Casino Platform

You're a bit too late to give awareness about that. There is a bunch of thread that was talking about that. Mostly of these kinds of tokens were scam that was offering very big APY which was actually non sense thing. Being created with non sense supply and im sure that if creator wanna only scamming its members. The same thing that was happening with darth, and many scam token with non sense APY.
This kind of project is only using its APY as a bullet to shoot the investors to be their victim.Only dumb people will be falling into this kind of shit.
I don't even believe why so many people are betting into this kind of project which was actually a scam project since it was starting.

bitkanu

hero member

Activity: 2184

Merit: 513

Moonbet.io | Web3 Casino

high APY staking platform always turns out to be such a huge and massive disappointment, after all they are doing that for the marketing purposes.
Some times they are also quite literally racing against each other in offering the best APY regardless if their staking could be successful in long term because lets be honest here, staking that offers high APY could literally waste our time if they just turning out losing in terms of value caused by fluctuation.
Therefore if it's staking, just choose the ones that makes sense the most.

Yogee

sr. member

Activity: 1554

Merit: 413

Quote from: TreyARC on May 29, 2022, 03:42:26 AM

... .. If you know what's good for..... your cash put them in..... stable coin.

Why would you put them into stable coins and not just keep them as physical cash? There's a risk that stable coins would collapse like what happened to UST. Some of them may not be truly backed 1:1.There's also a chance that companies issuing it will freeze them even if it's stored in your non-custodial wallet.

Jating

hero member

Activity: 2842

Merit: 772

Quote from: TreyARC on May 29, 2022, 03:42:26 AM

Warning

As bad as majority of meme coins are there is something that's way worse than meme coins and I am sure that you newbies must be aware if such projects, they normally ends with http://Finance, there are few other examples too like Safuu and Titano, these tokens have red flags written on them from day one, now if you compare these projects with Luna well Luna is still better, yes, they are that worse...... Have you look onto their charts lately? They are simply giving people what they want, get rich quick.. If you know what's good for you and your cash put them in bitcoin and stable coin.

Well it's obvious that if a project is giving a high APY this something is wrong there. I mean the era of high yield project is gone, the hype has died down and the market is saturated already.

And now the game is that everyone is trying to lower their APY because obviously it's business at the end of the day and profits is the key for this projects.

So I will agree with your warning, and everyone should be very careful specially with the market conditions that we are in right now.

TreyARC

jr. member

Activity: 110

Merit: 1

Quote from: Jawhead999 on May 29, 2022, 03:48:11 AM

I think you're too late to know it, DEFI hype was in the last year and you warn people in this year where the hype is currently about NFT, metaverse, and play to earn games. It's better you warn to not invest in shitcoins and just invest in the asset that you understand.

Quote from: TreyARC on May 29, 2022, 03:42:26 AM

If you know what's good for you and your cash put them in bitcoin and stable coin.

Forget of so called decentralized stable coin e.g. UST? How you can say stable coin is safe when the price can't always stick $1 and goes down to less than $0.1 lol

I wonder why SAFUU and Safutitano increased insanely early this year, and this has been happening since last year, new finance projects with high unbelievable APY are still launching and people are still buying, I believe this advice and warning isn't too late.

Ojengonggu

full member

Activity: 756

Merit: 105

Trphy.io

Quote from: ryzaadit on May 29, 2022, 08:37:24 AM

Finally, someone on the right patch right now ~XD.

As always high risk and high return, but people will always like a project about this. No wonder, in cryptocurrency the percentage of people who are losing reached 90% and only a few percentage people who are really success in crypto.

Stay away from this, better using trading future with leverage 3-5x rather than this.

Can you give an example of some trades that have a future with 3-5 leverage?
Do BNB and Litecoub fall into the category of future trading with 3-5 leverage.?
Because I have a little ETH that I keep until now.

Ziskinberg

hero member

Activity: 3010

Merit: 666

Quote from: TreyARC on May 29, 2022, 03:42:26 AM

Warning

As bad as majority of meme coins are there is something that's way worse than meme coins and I am sure that you newbies must be aware if such projects, they normally ends with http://Finance, there are few other examples too like Safuu and Titano, these tokens have red flags written on them from day one, now if you compare these projects with Luna well Luna is still better, yes, they are that worse...... Have you look onto their charts lately? They are simply giving people what they want, get rich quick.. If you know what's good for you and your cash put them in bitcoin and stable coin.

We don't need to wonder why these meme coins just fail in the first place, as the majority of these projects are meant to be scammy.
Well, some got lucky and earned a profit but sadly, many become a victim of such a quick-rich scheme promoted by the developers. Actually, I don't have any interest in them and just ignore them.

It is very important to know what projects we are about to invest and we have to stop believing "instant returns, double your money, etc...that is only a lie.
Such dirty tactics won't succeed anymore.

ryzaadit

legendary

Activity: 2660

Merit: 1261

Finally, someone on the right patch right now ~XD.

As always high risk and high return, but people will always like a project about this. No wonder, in cryptocurrency the percentage of people who are losing reached 90% and only a few percentage people who are really success in crypto.

Stay away from this, better using trading future with leverage 3-5x rather than this.

blockman

hero member

Activity: 3066

Merit: 629

Vave.com - Crypto Casino

It's almost for every new projects out there, there are NFTs and also the inuuus family. Yeah, there are many of those finance projects on their names and it's targeting new investors.
Well, the hype of these finance projects was almost done and everyone is on hype with the Luna as there's a fresh news of its new token but eventually, it'll be done.

masterrex

full member

Activity: 1820

Merit: 107

Agree and I think you were right, thats why we should take heed to that warning. because I also notice that some Defi platforms today are offering too high APY returns, which is very attractive but the truth is it was too good to be true because how the platform will survive with those too high APY offers? It doesn't make sense in my opinion. thats why beware guys about this kind of offer. and sorry to say that Defi hype has already cooled down.

Pmalek

legendary

Activity: 2730

Merit: 7065

Quote from: TreyARC on May 29, 2022, 03:42:26 AM

If you know what's good for you and your cash put them in bitcoin and stable coin.

Terra UST was a stablecoin and it was safe until one day it suddenly wasn't. Something similar can maybe happen to DAI tomorrow or Tether. Centralized or decentralized, they might still get de-pegged.

Anchor Protocol was a big factor in the UST fiasco. Waaaay too much money was locked in the platform where interest rates of 20% were being offered. Unsustainable interest rates that started dropping after a while. When that happened, people lost interest in UST. That tells you that for 80% of the investors (that was reported as the percentage of the total allocation locked in Anchor Protocol), USTs only use case was to earn those 20% extra rewards. And that's it. Take away or lower their rewards and the system falls apart.

Jawhead999

legendary

Activity: 1820

Merit: 1207

I think you're too late to know it, DEFI hype was in the last year and you warn people in this year where the hype is currently about NFT, metaverse, and play to earn games. It's better you warn to not invest in shitcoins and just invest in the asset that you understand.

Quote from: TreyARC on May 29, 2022, 03:42:26 AM

If you know what's good for you and your cash put them in bitcoin and stable coin.

Forget of so called decentralized stable coin e.g. UST? How you can say stable coin is safe when the price can't always stick $1 and goes down to less than $0.1 lol

TreyARC

jr. member

Activity: 110

Merit: 1

Warning

As bad as majority of meme coins are there is something that's way worse than meme coins and I am sure that you newbies must be aware if such projects, they normally ends with http://Finance, there are few other examples too like Safuu and Titano, these tokens have red flags written on them from day one, now if you compare these projects with Luna well Luna is still better, yes, they are that worse...... Have you look onto their charts lately? They are simply giving people what they want, get rich quick.. If you know what's good for you and your cash put them in bitcoin and stable coin.

Topic: Insanely high APY projects will lose more (Read 114 times)