Topic: The Huge Risk of Yield Farming — When Greed Beats Common Sense (Read 113 times)
Every investment comes with risk. In the case of yeld farming, the risk may be higher or lower, it all depends on who manages the project. When it comes to scam, we can find it basically with every crypto project, not only related to staking. Usually, the greater the risk, the greater the rewards.
December 31, 2021, 06:37:29 PM
Is there any investment in crypto that is not risky? In my opinion, all things that promise high profits must be high risk too
They are at a certain high of being too risky. Many investors have became a victim of those scams that has promised a high return.and all are almost the same in all forms of investment and business, as long as Yield Farming fans understand this then it will not be a problem.
Usually, the desire to get high profits can beat common sense, especially if you get the information from someone we trust, and as a newbie in cryptos sometimes makes decision based on person suggestions.
The greed that everyone has is the reason that they're going to be ending up with the scams. Because those scam projects, they're the only ones that do promise high returns. Newbies do fall for it and even those experienced folks that are greedy. Usually, the desire to get high profits can beat common sense, especially if you get the information from someone we trust, and as a newbie in cryptos sometimes makes decision based on person suggestions.
December 30, 2021, 02:14:55 AM
Is there any investment in crypto that is not risky? In my opinion, all things that promise high profits must be high risk too, and all are almost the same in all forms of investment and business, as long as Yield Farming fans understand this then it will not be a problem.
Usually, the desire to get high profits can beat common sense, especially if you get the information from someone we trust, and as a newbie in cryptos sometimes makes decision based on person suggestions.
Usually, the desire to get high profits can beat common sense, especially if you get the information from someone we trust, and as a newbie in cryptos sometimes makes decision based on person suggestions.
December 27, 2021, 10:06:27 PM
Greed could beat out your common sense if you do tolerate it and unable to control and HYIPS are very common type of investment back into those early years but
now they had been lessen but still existing since there are people who do keep feeding up these fellas.
The urge to become rich makes the people to become blind which takes away their common sense and let the greed to play on their decisions even an experienced person may fall for this but the chances are less compared to an amateur so yes we should gain enough of knowledge on things where we are going to take life risk decision either its business or investment. now they had been lessen but still existing since there are people who do keep feeding up these fellas.
December 26, 2021, 04:41:05 PM
Anyone who is having experience about cryptos and investment or even any one will not be interested on such high return investments because they know this is nothing but scam so these scammers target naive people who wants to get rich by the small money they saved for months/years via social media or other form of influencing. Anyone one see the term guaranteed returns even in double digit then just avoid it like a shit because there is no such thing is possible in the crypto investment space.
Once you do gain experience then you would able to spot out those projects which are not really worth to invest specially if you do have experience on those things and made out you lost moneyand once you are aware with that then in next encounter then you would really be looking that it would be a total piece of crap and not worth for your money. Greed is something that you would
really be felt if you are just noob with this investment but once you do gain that knowledge and awareness or even just using your common sense then you could directly
determine which one is shit and which one is worth.
Greed could beat out your common sense if you do tolerate it and unable to control and HYIPS are very common type of investment back into those early years but
now they had been lessen but still existing since there are people who do keep feeding up these fellas.
December 26, 2021, 01:09:02 PM
Yield farming or whatever it is, once there is a NFT involved you are in a high risk of losing money. People should stop investing in this hyped up NFT's all over the internet because once you do gain more experience and learn what are the pros and cons of these NFT's you might not want to deal with them again. And yield farming isn't worth it your time if you think it's a passive income if you invested more money, then you are wrong.
You better put that money on a profitable coins just like Bitcoin since if you do count the overall time spent it's just almost the same. And risking your cryptocurrency to yield farming isn't worthy if it's gone.
You better put that money on a profitable coins just like Bitcoin since if you do count the overall time spent it's just almost the same. And risking your cryptocurrency to yield farming isn't worthy if it's gone.
December 26, 2021, 06:07:53 AM
Anyone who is having experience about cryptos and investment or even any one will not be interested on such high return investments because they know this is nothing but scam so these scammers target naive people who wants to get rich by the small money they saved for months/years via social media or other form of influencing. Anyone one see the term guaranteed returns even in double digit then just avoid it like a shit because there is no such thing is possible in the crypto investment space.
Once you do gain experience then you would able to spot out those projects which are not really worth to invest specially if you do have experience on those things and made out you lost moneyand once you are aware with that then in next encounter then you would really be looking that it would be a total piece of crap and not worth for your money. Greed is something that you would
really be felt if you are just noob with this investment but once you do gain that knowledge and awareness or even just using your common sense then you could directly
determine which one is shit and which one is worth.
December 26, 2021, 01:59:15 AM
Yield farming isn't advisable to newbies. The result of IL or impermanent loss is too hurting to be accepted especially for those who don't understand how it works. I am doing yield farming on some coins and some I incurred huge IL and some half of my initial were eaten but that is actually depend on the percentage gain of your chosen token. I am doing farming on $ron tokens and so far I am down 50% of my initial fund with such huge risk the return is unknown since there is no value yet assigned on the tokens I am farming. But who knows what could be the price and could salvage my losses.
December 25, 2021, 06:58:45 PM
Anyone who is having experience about cryptos and investment or even any one will not be interested on such high return investments because they know this is nothing but scam so these scammers target naive people who wants to get rich by the small money they saved for months/years via social media or other form of influencing. Anyone one see the term guaranteed returns even in double digit then just avoid it like a shit because there is no such thing is possible in the crypto investment space.
Once you do gain experience then you would able to spot out those projects which are not really worth to invest specially if you do have experience on those things and made out you lost moneyand once you are aware with that then in next encounter then you would really be looking that it would be a total piece of crap and not worth for your money. Greed is something that you would
really be felt if you are just noob with this investment but once you do gain that knowledge and awareness or even just using your common sense then you could directly
determine which one is shit and which one is worth.
December 25, 2021, 05:39:41 PM
Anyone who is having experience about cryptos and investment or even any one will not be interested on such high return investments because they know this is nothing but scam so these scammers target naive people who wants to get rich by the small money they saved for months/years via social media or other form of influencing. Anyone one see the term guaranteed returns even in double digit then just avoid it like a shit because there is no such thing is possible in the crypto investment space.
December 25, 2021, 04:35:32 AM
People will not think too much about that because when they smell profit, they are willing to take the risk and participate in Yield Farming. As long as they can see the profit they can get, they will use their money and join the programs. Our job is to always check about the things that we want to invest in to prevent scamming or losing money. I do not like that we need to pay a gas fee every time we want to get the interest or want to join in the Farming process because that is the consequence of Farming to earn interest.
December 25, 2021, 12:37:24 AM
It is the truth about yield farming. People have that mindset that they're free money and easy source as an investment due to the early success of it.
But little did they know that many of the scammers have also used yield farming as a place to scam people and execute their dark plans because it had became popular. As an investor, if you're not careful and don't check most of the time to the project you farm, you're going to lose it surprisingly.
But little did they know that many of the scammers have also used yield farming as a place to scam people and execute their dark plans because it had became popular. As an investor, if you're not careful and don't check most of the time to the project you farm, you're going to lose it surprisingly.
December 24, 2021, 12:23:28 PM
Yield Farming, a new way of making money out of thin air, has become trendy this year. Users are offered high returns for participating in DeFi projects and staking their assets to provide liquidity.
Unsuspecting users are led to believe that yield farming is free money and a lucrative way of having a passive income.
This is not entirely accurate because high returns are oftentimes accompanied by high risks.
Impermanent loss risks, smart contract risks, scam risks are just a few examples of risks that yield farmers should be aware of before investing their coins into a new hot thing.
Citing recent examples where huge losses of crypto assets have been lost, this article will discuss the risks arising from yield farming.
How do crypto holders experience losses with yield farming?
Read more at https://ledu-team.medium.com/the-huge-risk-of-yield-farming-when-greed-beats-common-sense-e8d241df581b
Unsuspecting users are led to believe that yield farming is free money and a lucrative way of having a passive income.
This is not entirely accurate because high returns are oftentimes accompanied by high risks.
Impermanent loss risks, smart contract risks, scam risks are just a few examples of risks that yield farmers should be aware of before investing their coins into a new hot thing.
Citing recent examples where huge losses of crypto assets have been lost, this article will discuss the risks arising from yield farming.
How do crypto holders experience losses with yield farming?
Read more at https://ledu-team.medium.com/the-huge-risk-of-yield-farming-when-greed-beats-common-sense-e8d241df581b
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