What do you say about this investment plan

Weawant

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Quote from: FirmWars on February 28, 2023, 04:47:04 AM

Is it safe to invest in Defi projects that has it's own Stablecoin? There is one project I like but the thought of having a stablecoin makes me feel unsafe about the project, we all know how such projects always end up, the mess with Luna and it's stable coin still lives in me till date.

Stablecoin has been collapsing lately so I'll say you stay away from any project that has a stablecoin and that might even include Binance because the federal government has been going after them too.

Avoiding stablecoin related project isn't a bad plan at the moment, we can never know which one is next to go down, USSC drops from $1 trading price few weeks back and its future is uncertain.

BUSD has also recieved some heat and the fed won't be backing down any sooner, they'll fight Binance with all they got just to make sure the hope of cryptocurrency dies but they won't succeed.

Teraboy

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Quote from: GEMIN_M4 on March 28, 2023, 04:01:11 PM

Find another Defi finance project that has no stablecoin, it's that simple, not all stablecoins will survive because no one will want to use them for storing US dollars, there are too many stable coins that collapse and people are now wiser to avoid such projects, they are a waste of money and time.

These defi that climed to issue stable token has no real money to back it. They were using algorithmic stable token which is very very risky at this moment. i see no reason for people to use it anymore. Most of stable token created by the defi will always be dead. People shall never touch it even though the dev claimed it to be stable token while the fact that if it's a scam stable token created by the developers who have no money to backed it with the real dollar value.

Scripture

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Quote from: GEMIN_M4 on March 28, 2023, 04:01:11 PM

Find another Defi finance project that has no stablecoin, it's that simple, not all stablecoins will survive because no one will want to use them for storing US dollars, there are too many stable coins that collapse and people are now wiser to avoid such projects, they are a waste of money and time.

There’s still risk even if without their own stablecoin so analyze properly and know where to put your money. If you saw a promising project but offers their own stablecoin, you have to think again because issues with stablecoin are rising and many are at risk. Anyway, it you can’t decide yet better to invest on a project that is already out in the market, at least this can be a lesser risk.

GEMIN_M4

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Find another Defi finance project that has no stablecoin, it's that simple, not all stablecoins will survive because no one will want to use them for storing US dollars, there are too many stable coins that collapse and people are now wiser to avoid such projects, they are a waste of money and time.

tygeade

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Quote from: Silberman on March 27, 2023, 02:56:33 PM

Quote from: Pterosaur on March 24, 2023, 03:46:06 PM

Why do every projects that have their stable coins always end up a scam? This question is enough for anyone to think twice before investing in any project g that has their stable coin that is not backed by anything, especially if they are defi projects, they can easily lie about what is backing their stablecoin, the risk here is freakily high, most of them are scam projects.

Even if the project does not begin as a scam it can easily turn into one, because even if they were to back their stable coin with fiat the ratio they promised their investors which will be maintained can always be altered over the life of the project, this means that people are taking a huge risk by investing in those projects, and what is worse is that those coins offer a sense of security to investors and they may not realize that instead they are taking the biggest risk on their short careers.

Even if a project is not a scam, it could also fail very very easily which must be the saddest thing. I mean let's be honest here, there are too many people trying to make their own projects happen and because of that most of them fail. Not everyone has the talent or skills to build their own project. First of all, if you are not a developer yourself, you shouldn't try it.

I cannot explain this better, if you didn't write the code, you are responsible for it, and that means you are going to fail. And there are thousands who did that unfortunately. Took money from people and got someone else coded, someone else designed and someone else marketed it, and they just took the profits.

Xal0lex

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Quote from: Silberman on March 27, 2023, 02:56:33 PM

Even if the project does not begin as a scam it can easily turn into one, because even if they were to back their stable coin with fiat the ratio they promised their investors which will be maintained can always be altered over the life of the project, this means that people are taking a huge risk by investing in those projects, and what is worse is that those coins offer a sense of security to investors and they may not realize that instead they are taking the biggest risk on their short careers.

But you don't take into account how many such projects have actually lost their investors money. Which major stablecoins have collapsed recently and lost their tie-up completely? UST? Which others? There haven't been any more such high-profile failures. Yes, stablecoins can instill a false sense of stability and bankrupt their customer, but how many such cases have there been among the big stablecoins? Few. That's why stablecoins are still a less risky investment because they go bankrupt very rarely.

jacafbiz

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I think you should be careful not to throw the baby out with the bath water, MakerDao has its own stablecoin and the project is one of the solid projects in the space. The problem with Luna is wrong design and greed, if Luna team had listened to people's concerns and tried to improve things, maybe the project would still be up and running

fvb

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Quote from: kelonmusk on March 28, 2023, 12:53:33 AM

In my opinion, investing in DeFi projects that have their own stablecoin can be both safe and risky. It ultimately depends on the specific project and its track record.

So, some stablecoins have been successful, there have also been instances of issues with their peg to the dollar. I personally believe that having a stablecoin can be a positive aspect for a DeFi project, as it provides stability and predictability for investors.

The fact that the project has its own stablecoin does not mean that this is a 100% guarantee of success. That's not the point at all. A positive factor is that the team that presents the project has extensive experience in business development, in particular, here it is an investment.

irsykes

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it is certain that investment activities have risks that are not far away. at least before investing or buying altcoins, try to prioritize research. at least we know a little whether the project will last long or vice versa or just follow the hype trend. don't be too rash or easily attracted from a project that looks great it could be a scammer

LastKiss

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Quote from: Mr.sprin on March 28, 2023, 02:45:44 AM

Quote from: FirmWars on February 28, 2023, 04:47:04 AM

Is it safe to invest in Defi projects that has it's own Stablecoin? There is one project I like but the thought of having a stablecoin makes me feel unsafe about the project, we all know how such projects always end up, the mess with Luna and it's stable coin still lives in me till date.

why don't you just decide to invest in big coins like eth and bnb coins which are definitely safe why do you have to take risks by investing in others?

Maybe he wants to hear other's opinions about that project so he won't miss another gem in crypto. Investing is a risk that we should take because if we are afraid of money lose then we're not moving forward and also investing in high risk projects makes our analysis of new projects better.

Mr.sprin

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Quote from: FirmWars on February 28, 2023, 04:47:04 AM

Is it safe to invest in Defi projects that has it's own Stablecoin? There is one project I like but the thought of having a stablecoin makes me feel unsafe about the project, we all know how such projects always end up, the mess with Luna and it's stable coin still lives in me till date.

why don't you just decide to invest in big coins like eth and bnb coins which are definitely safe why do you have to take risks by investing in others?

kelonmusk

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In my opinion, investing in DeFi projects that have their own stablecoin can be both safe and risky. It ultimately depends on the specific project and its track record.

So, some stablecoins have been successful, there have also been instances of issues with their peg to the dollar. I personally believe that having a stablecoin can be a positive aspect for a DeFi project, as it provides stability and predictability for investors.

Silberman

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Quote from: Pterosaur on March 24, 2023, 03:46:06 PM

Why do every projects that have their stable coins always end up a scam? This question is enough for anyone to think twice before investing in any project g that has their stable coin that is not backed by anything, especially if they are defi projects, they can easily lie about what is backing their stablecoin, the risk here is freakily high, most of them are scam projects.

Even if the project does not begin as a scam it can easily turn into one, because even if they were to back their stable coin with fiat the ratio they promised their investors which will be maintained can always be altered over the life of the project, this means that people are taking a huge risk by investing in those projects, and what is worse is that those coins offer a sense of security to investors and they may not realize that instead they are taking the biggest risk on their short careers.

ichsan ardi

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Quote from: FirmWars on February 28, 2023, 04:47:04 AM

Is it safe to invest in Defi projects that has it's own Stablecoin? There is one project I like but the thought of having a stablecoin makes me feel unsafe about the project, we all know how such projects always end up, the mess with Luna and it's stable coin still lives in me till date.

is it safe or not, it depends on the project itself, we have to be careful with the project so we don't get scammed or join the coin bubble project, do research before joining the project, don't follow what people on the internet say, stay safe.
this is my personal advice

Pterosaur

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Why do every projects that have their stable coins always end up a scam? This question is enough for anyone to think twice before investing in any project g that has their stable coin that is not backed by anything, especially if they are defi projects, they can easily lie about what is backing their stablecoin, the risk here is freakily high, most of them are scam projects.

passwordnow

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Quote from: Bay_Harbour_Butcher on March 24, 2023, 01:50:02 PM

various types of crypto projects must have different risks but still there, even though the Defi project, I also feel the same way as you when remembering how Luna and stable coins could be destroyed to zero, must be very traumatized and don't want to invest in the wrong coin Again

I reckon, if you as an investor already have some doubts about a project then you should hear yourself about the signs on that project.
And also, learn from the past because it's going to teach us a lot of things that we should never be confident about within the market. Whether those projects are DeFi or not, whether they've got stable coins or none but just be too curious about everything about them for you to analyze each project that becomes your prospect to invest.

Bay_Harbour_Butcher

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various types of crypto projects must have different risks but still there, even though the Defi project, I also feel the same way as you when remembering how Luna and stable coins could be destroyed to zero, must be very traumatized and don't want to invest in the wrong coin Again

Rengga Jati

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Quote from: GreenStox on March 18, 2023, 05:16:14 AM

I think if you still have trauma from project defi you should avoid it first for your peace of mind, or maybe you can try investing in another sector first, then come back when everything feels better, I always use this method and it works.

True, to be honest, there are many people who decide to invest in something, and are still hesitant, but still insist. In the end, if something happens or doesn't meet expectations, this will cause a lot of regret. Therefore, it would be better if you really go deep into it first, gathering various information. And even if the results are not as good as expected, at least we have tried to do research on these assets.

but here responding to Defi, I think Defi might still be there, but it's not certain whether it will be as hype as before. Because at this time, projects that are on the rise are related to AI. Maybe you need to do a little research on AI projects.

Odusko

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Of a truth, I have not really given my time to Defi projects even though I know how important they are in the web3 virtual i-gaming industry which has made the hype about Defi so high but yet there have been serious loopholes in the security systems because millions of dollars have been stolen by scammers from some of the Defi projects so you all need to be careful while using their network.
The hype about defi is high and at the moment most new projects have so. many challenges that will affect the future outcome negatively, so you need to do a good research before choosing any one of those projects to invest in.

D ltr

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actually no crypto project is 100% safe, where the rate of loss is certain but not certain and we know how much we will lose
like you invested in Luna before you didn't think it wouldn't be the case
now you have to be better and follow what you think is right and if you have seen some red flags then stop being interested anymore. What's even better is to put your attention on the established ones.

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