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DeFi projects and DEX are big failure this year, that's my own answer because majority of DeFi projects are scam and the little DeFi projects that have something good ended up been hacked, the word decentralization is nothing but a big joke in crypto space now, even Uniswap was able to gain attention because of DeFi tokens, once the hype was over uniswap goes down too and now many tokens are been cloned on uniswap, still asking if DEX owns this 2020? It's a big no
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In the process of trying to be a future whales you could lost everything,trust me this got me no where and I realized that I've lost tons of money because I was never contented, be smart and always take advantage of any project that brings you profit, do not stare at your wallet and say 'im gonna be rich in 3 years later' this is 1% out of 100% chance that it's ever going to happen, remember, been rich isn't the most important part of our lives but living a good life is.
I'd rather stay right in between, greed isn't the devil here as it can be a perfect tool if you know how to use it right but been too much greedy is where things can go horribly wrong, there is sentence that goes like this 'half bread is better than none' right? Sometimes it's just better to be contented with what you have, money won't make anyone feel contented, you can be happy for a short period of time when you buy fancy things but that's it. |
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Since the rigs aren't profitable anymore you have no choice than to sell, even if there is no any bullrun currently its still a better idea, to keep mining for good profits you have to constantly upgrade your mining setup to current rigs, you did the right thing, also don't forget to have a price aim for the altcoins you buy, do not allow greed to consume you.
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Hi guys, what is a good altcoin to buy now that we are having a correction? Seems like a good discount.
Crypto market is collapsing right now, Ethereum is back to 510$ and bitcoin is down to 16k, that's a huge drawback in price but I still think the bullrun is not done yet, I suggest you invest on top altcoins like Ethereum and XRP among few other altcoins because buying XRP will net you extra Spark tokens through Airdrop and buying Ethereum can next you more profits because of the 2.0 upcoming update in December |
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start acting like a real bounty hunter, if projects don't work out then move on because it's bounty hunting
I agree but still to paraphrase your statement a bit: start acting like a real bounty hunter, if project doesn't look legit then move on because it's bounty huntingEvery good hunter knows the importance of choosing a good target.  Lol you are still not getting it mate, ( a sharp shooter can still miss target ) so you can't always end up with good result, a good target can still go wrong that is what OP is talking about, even if you are a smart ass who can detect a scam projects you can still end up in a trap because crypto projects can have high quality use case and still fails, kindly correct me if I'm a wrong |
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A round of applause for this OP, I've been seeing people complaining about posts that have been created many times before and this posts are strictly warning newbies, I end up been the only one ( maybe there are others ) tell people to keep making such posts once in a while because it's every time we always see newbies on this forum, we have to keep warning them about dangers ahead, it's because no one is warning newbies that's why they are getting caught in scammers trap most times, newbies lacks the knowledge are we old members are the only one standing between newbies and scammers
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Everyone keeps talking about escrow but I don't see them wearing Escrowed only signature campaign banner, if you really want only escrowed campaigns stop promoting projects that aren't Escrowed, once the number of hunters that want Escrow increase your voices might be heard, this shows that you aren't practicing what you are preaching
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It seems like there is no difference between decentralized and centralized projects anymore in crypto space, most especially those crappy DeFi projects that claim to have better features, telling investors that their funds are safe but they are all wrong, I started having a second though about DeFi projects when kucoin hack took place weeks back, many DeFi projects find it easy to switch their smart contract just like that, what is full decentralized in that?
Yes that's true, only DIA decide not to change their smart contract because doing so is practicing centralization, they cope with the situation and find other solution to control the loss fund from shrinking the whole volume, they block the available volume on uniswap somehow because that's the only way the scammer can sell the stolen fund, it's a smart move |
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Almost all new projects have same repetitive use cases that's why the failed to be successful, once a pro dev release a new use case that we haven't seen before you will start seeing copycats with different names but same use case coming up, there is a good example for this, we start seeing multiple DeFi projects with same use case after the hype begins months back, same yield farming and lending use case over and over again
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Non hidden team members will add more trust to the project, it's getting more harder to trust new projects this time around and investors are more hesitant than before, it's a bad move hiding information about the project team even if the project utility is that promising
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Youengine is a very good project, I belief it deserves higher price right now if not for the team using small exchanges to raise ICO fund, those exchanges are good projects killer, Youc token shouldn't have been listed on p2pb2b exchange in the first place, lack of volume is still dragging it's value down
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If you are wise enough you'd buy both coins because they are a must if you are into altcoins for long term, these two project will not disappoint you in anyways, they have reliable team and good future, binance team are expanding crypto adoption, binance chain is alive and functioning, I believe the project has good future
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Which country is so blind to ban cryptocurrency right now when the whole world know that crypto can erase poverty in every country? It's not going to happen anymore, right now crypto have passed that level as it's more embraced right now than two years ago
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It's unbelievable how fast people want to make money this days without any proper investigations on new projects first, judging from my own crypto experience right now I can never invest on such project because it's not responsible, greed is highly present here that's why investors fall
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I read the full news about pinkoin and I was able to understand that the tokens aren't even listed on exchange, I'm suspecting the scammer is asking the investors to invest with Ethereum and get pinkoin and the other token in return, promising them high ROI, investors are definitely to be blame on this one
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I don't need a coin that I can't make profits out of, any coin that has no volatility capability can't bring profits and loss meaning it will stay in one spot forever just like stable coins, I don't see any reasonable reason anyone will wish for such.
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It was the most powerful for some months now but I'm guessing it won't last forever, the era of DeFi is already fading away.
1. New dex exchanges will come up with better utilities e.g kingswap
2. DeFi hype is over, uniswap lost 41% of its liquidity already
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I rated the project as 50/100 because of its use case, there are many competitors already, now the problem is no good buyers, adoption rate is very low, the team need to come up with something new before it's too late, they made a hell of a mistake by using small exchanges to raise fund.
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Yes I saw the news on cointelegraph, I'm sorry to say this but I believe the DeFi hype is finally over, we all understand what UNISWAP is to all DeFi projects, it's the number one dex that became massive success because of DeFi projects and here we are today, I smell nothing else than massive sell off inbound
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