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In just 4 days his opinion changed  ;D

https://i.imgur.com/etP8syG.jpg

Interestingly a lot happened when the market fell yesterday in Defi sphere -

from $4000 to $1 in just few minutes.

Hotdog promised an insane return of up to one million percent.

Can you belive that? They launched and they got dumped in just few minutes.

https://i.imgur.com/ps3ocZz.png

DeFi is brutal not all DeFi projects can be profitable. If you are new to DeFi and thinking about investing in it then think twice before you invest and DYOR..

DeFi was never a safe heaven, some said it is bubble some said it is a scam. That does not matter as it has given a huge push to crypto ROI as many projects have generated ROI on the tune of 400 percent.

n my opinion it is awesome but it is too much hyped, such shit coin will stop this hype. We need to be very cautious and research new projects on DeFi before investing.

It is similar to what we used to do when ICO and IEO's were a hype and happening thing.

Why would people blame uniswap for this? Then again, i went to check his profile. He doesn't seem to be brightest of them all. Investing to scams and saying that corona is a scam. I stopped browsing soon after i read that. I am pretty sure he will get corona soon too because he is easily lured into "scams".

Condolences for those who have participated in this hyper hive project.

Hopefully, this can be an experience for novice investors and newbies about were cruel in the market Cryptocurrency.

Note:
ICO, IEO & DeFi are both high-risk investment instruments, so be wise in it

People expect projects of unknown origin, they see previous projects rising in price and FOMO. That's a mistake, it's best to choose projects that are clear and listed on more reliable trading platforms.

The ROI you talk about in these Defi projects is for the investors that made the most of the pump, 400% is too good to be true for a ROI for a project, when you see projects that offer ROI as high as that, it's a pump and dump coin that will end up a scam with losses for the investors. Uniswap is just one of the many Defi projects that will pump high and dump very fast.
People always blame the projects and call them scam when this happens, but on a second thought, the investors like the one in the op are to be blamed actually, not the pump and dump projects, many of the investors prolly invested in Ico and Ieo, and have experienced all these hype before, but they still get caught up in the Defi hype and lose their money again.

DeFi projects are increasing daily, more fake and good ones are both erupting in the crypto space, and so there is a tendency that for investors to loss and gain depending on their thorough research about the DeFi project. I strongly believed that DeFi projects can never have great values in the future because of its purpose of pump and dump scheme.
I have never invested or rather participated in any DeFi project because I think its just for the moment, I've rather prefer to buy and hodl a promising and potential coin to give high ROI in the future.

Not much research really to do, as defi is just one big gamble, you invest  in anything and hope for the best. That sums it up, and thats why it will fail like ico failed few years ago. Some will make money while majority will loose and it will go on until enough loose the money.

Every so unpredictable and fast growth will end sooner or later with big dump

I feel sorry for those who suffered heavy loses in that Defi project, that was too brutal imagine from $4K to just $1 in just a few minutes that how risky investing with Defi projects including cryptocurrencies because of its volatile nature, so if you are not aware of it it's better to learn first before taking the risk.  

The dump yesterday was brutal and it still extends today. First I do not think Uniswap is the problem, because it is just an exchange listing coins and tokens, the actual problem is the investors who think they can hit it big in a project; a project they failed to research on, a project they know is filled with hype, a project they know have nothing to offer but because of hype they threw caution to wind and invested. Well, likely the team dumped on them, then use the downtrend in the market as an excuse. Whichever it is, I think people shouldn't be driven by the hype following all these Defi projects, but instead let the driving force be what the team is bringing and they will be rest assured of their investments.

That was really uncalled for. But guess what, there are still people who are continuously joining this DeFi hype, hoping that one day they will get rich. And the truth is, only these project owners are getting rich. Because they know when to exit and these buyers have no idea about what's really going on behind the curtain. Hard lesson for everyone though.

What makes it unreliable is the fact that we're in the middle of a DeFi craze. It's as risky as joining Bitcoin trading while it has a 2017 kind of pump. You just know it doesn't go up forever, yet the gut feeling says "don't miss it".

If it had an actual healthy growth, I wouldn't've been so suspicious about it - I might have even studied what it's all about. But so far, it only looks like all the other unnecessary crazes I stood away from. When you see even the shittiest and scammiest DeFi coins pop up and boom, you have to know it's time to hit the brakes.

Uniswap Reaction: You gotta be kidding me right?

There is nothing to do with uniswap with DeFi project they just an exchange same as dex exchange, this is the reason why cryptocurrency people was really easy to get scam. They even don't understand the coin/token has been bought by them, most of the reason just because got shilling by his friend or getting a fomo/hype see some coin with the same concept get a good roi.

Investors reaction is going to be like "Am I joke to You Defi?" :D

That is what I expected but for now this just happened with only one project but it doesn't take lot of time for the whole defi market to go value less and this also could be a reason in the price drop in the overall crypto project.

Yeah, that i can understand, people can blame scams and pump and dumps but if someone is choosing an exchange outside of regulation that wants to list everything, and wan't specifically to invest into shittokens without any fundamentals. Who blames an exchange for their own choices?

What or who the heck is Hotdog? One million percent is just insane.

Anyways, DeFi seems to be another way to get crowd funding and then dump on your face with BTC. It's all about the hype. I saw an interesting post in twitter information on ALL these shitcoins.

https://twitter.com/freelyish/status/1301187594491887616


It was also posted by BobLawblaw

This is what cannot be imagined how the reaction for the holders of this coin will certainly be very disappointed because seeing a decline that is so basic there is no correction in the slightest of its decline, I know in the cryptocurrency market now a lot of hype is happening so what we can take advantage of is when There are opportunities and when it is high it is necessary to be aware that prices in the market cannot be predicted in any way.

Now DeFi has become a hot topic for over a month so the risk will be even higher.

Defi's madness has now subsided after Defi has reached its peak non-stop and continues to fall without correction. Traders are calculating their losses due to the impact of a significant drop and in the end, they realize that trading without analysis is futile.

A lot has been discussed about Defi and it is being recommended that traders should be careful in investing in any defi project that they do not have confidence in offering more than a quick profit. We have seen what happened to YAM defi token and Hotdog is the next. I am very sure many defi projects will still go bad like this. It is just a matter of time. Many of the dev that could not make money from ICO are waking up and cooking up a new project with defi claim

It's happening.  ;D
Whales might have played them.

If not whales then what/who else could be the culprit of that  enormous amount of dump?
Developers?
Ethereum also fell which means they could have sold their DeFi coins for Ethereum and then cash out. 2 birds in one stone.

There are tons of situations going in the DeFi space, I don't know what to say. I mean sure it is a great idea and who wouldn't fall for these good "ideas" but in reality we are talking about just ideas and that's it, without execution there is really nothing we can do about it, we have to just keep focusing on what we can control and not the things that are out of our control which is what the owners or creators of these DeFi could do.

If someone promises you 1 million percent return, do not jump in there, wait for other people to jump in there first and see if they are happy, if they are happy and getting their money return, still not go in because that is just a lie. However I am not blaming these people, it really looked good, I didn't get in thankfully but I wouldn't consider myself smart, just lucky.

As always. This traders will realized things after losing their investment, Riding with the hypes is not good if you
don't know how to position your place.
DeFi whales are now very satisfied with the profits that they've gained from this market, while those who tried
chasing their luck and left as losers learned things the hard-way.

Of course, we all know that this is coming and that it will be the biggest mistakes for majority of investors specially newbies who don't understand how everything works. And now, just barely months into this Defi hype, some have been REKT already, specially in the last 48 hours wherein we see a dramatic drop so everyone is bitching around and didn't know what hits them, and yes it's brutal. The only one that makes money here is the whales we keeps on manipulating the market.

those who got rekt are those that believe they can get rich fast from this hype. and most of them are noobs riding the hype without doing any research even the project itself. they will just learn their lesson when they lost huge sum of money. and then blame crypto to be fraud. the reason why they hate crypto is because of the ignorance of users!
 there will be more hype in the future and time for people to scrutinize each and every project they seriously want to invest with.

Bro, we should avoid the project that promise high return within short time only.
Unfortunately there are still many people love to involving in such project, speculating is not a good thing to do.
DeFi is not the one to blame, some scammers just using it to lure people and steal money.

That’s just it, when there is a trend there will always be people who are always trying to take advantage of that. When the DeFi started trending and everyone was hyping it here and there, I know that very soon they will start doing things like this.

There are always some pump and dump groups that are always on the lookout for new projects and once they find one they think is good, they will quickly pump and once everything kicks off they will sell dump the bag on those that got in last. So, if you’re having plans to get into DeFi projects it’s best you give it a second thought, and for newbies, it’s always best to stick with old projects. Your choice though.

uniswap is good and credible project; anyway investors should understand that defi isn't ICO/IEO but still hyped and risky investment... personally i invest not to speculate into defi projects, but more checking long-term roadmap, credibility and business model of each project...

truly to say it's always a choice - risk or not, and as for me defi is definately less risky than ieo and ico) i invest in dex project also...

The mission of defi platform is really great but what makes it not reliable?
Those scammers that already penetrate this market. Which is not surprising.
Whenever there is a new hype in crypto, expect that scammers will join the bandwagon.
If you want to invest in defi project, you have to assess on your own regarding the authenticity of the project.
Only few of them can pass such requirements of a legit defi project. Look for working defi platform and see how they serve their clients.
Most defis are in beta stage, I think you need to stay away from those defi projects.

In reality, defi was scam since first it come in market but most of people weren't agree about this matter cause they were getting profit from it but didn't think about long term with defi.besides uniswap is the main culprit behind this scam. Cause they always help defi token to get launch by them.you can sew, almost all of defi scam is launched by uniswap than other exchange.so stay aware from uniswap

btw recentluy found an interesting stablecoin exchange - xsigma, did you know smth about it ?

DeFi is not scam, it's quite prominent technology. But because it's young a lot of shit happens.

UniSwap is a decentralized protocol. Anyone can add their token to UniSwap without any permission or approve from Uniswap team.

Shit happens, it's the way of life, I'm sure that those who fell for the scam must have learn something right now, DeFi is hot cake and that's why scammers are building their own scam DeFi projects, this is normal and for those who aren't careful or always too eager to make money I pity them because they only learn when bad things happened

You will always get caught in the mud if you hold unto a new DeFi projects for long unless they are high quality DeFi projects, if you don't know how to detect one is better to treat all DeFi projects as short term opportunities, invest what you can and exit when you've made few profits

The decline in the value of DeFi coins caused a decrease in the number of transactions with them. Approximately 900,000 transactions are made per day. Although earlier that number was close to one and a half million. The profit of Ethereum miners from commissions with such assets fell.