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2017 was a special year with many successful projects that gave investors and bounty hunters a lot of money, and scam projects were scarce, so yes, it is the golden year of cryptocurrency, I think if this year was repeated with the deFi projects it would be a diamond year. We don't know what the future holds for us, but we are optimistic about crypto.
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As practice shows, DeFi projects do not need advertising too much. Even bizarre-named coins, created for fun, are gaining a capitalization of several thousand dollars out of nowhere.
As in the past, very few good projects will resort to bounty services, which is why most of ANY bounties, including DeFi , will be very dubious. But this does not mean that we cannot be lucky to meet a good project. As usual, 2 out of 100.
As happened in ICO, the same scenario will be repeated again with deFi, but deFi projects will be more dangerous because scam projects will exploit the concept of decentralized financing to deceive investors and they will hide the team behind the project, I think after several months from now, having an honest project will be like searching in a maze, due to the large number of projects that will exploit the name of the deFi system. |
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Telegram and YouTube channels, ANN topics in crypto forums, blogs and sites that announce upcoming projects, and you must carefully review any project before investing or working with it, because the project may be scam or it may fail, so you should read their whitepaper and make sure of the team’s experience in the success of the project.
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DeFi hasn't reached it's top yet. There are still projects popping up nearly every day (from various food coins to other clones). Most of these projects have absolutely no value and won't be around long term. It really reminds me of the ICO hype in 2017, but this time it's even worse. Hopefully some serious projects will come up pretty soon. If you guys want to check if a new DeFi project might be another scam, I advise you to check the Scam Accusations board here in the forum. DeFi scams get exposed there almost every day and our community is doing a great job fighting these scammers. Yes, I agree with you, DeFi still has time to correct and to determine the top projects that will be based on it, the hype has not ended yet, we will notice the time at which this hype ends when DeFi heads the market and when we have enough innovative projects that will benefit from this system, and we will be able Carefully choose the DeFi project in which we will put our money, but now there is a risk and we should not rush and you must gain experience in uncovering the project accurately. |
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As many said be patience, learning ànd knowing the ability to avoid fooled projects or even many ico scam. Reading and knowing their platforms may be the key to joining any projects.
Scam exists in all systems, therefore anyone should not trust what he hears and not be drawn into the stream without spending his time knowing the good project that deserves the investment, whatever its financing system, and experience is gained with time from continuous knowledge. |
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DeFi projects have so far managed to create a market value of $ 13 billion, which means that there are many projects that have succeeded in this system, and day after day we find new projects that have been involved in this competition trying to rise their own coin to the top. We must study the project well and then decide to invest so that we not to miss the hype, the best deFi coins are LINK, UNI, DAI and WBTC.
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I am sure that beginners who invest in new altcoins or take their investment opinions from people with little experience will lose their money and soon they will exit the cryptocurrency market while they are losing hope, so they should start investing in top altcoins in order not to leave the market quickly, They must learn analysis and gain experience in order to be able to identify the promising token and invest it without huge losses.
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Read this thread about the dangers of sending in real IDs: https://bitcointalk.org/index.php?topic=2975942.0Some were suggesting to send in fake IDs. Is there a good tutorial somewhere on this forum? I tried the search function but couldn't find it. Thanks. I do not advise you to work in airdrops because most of them do not pay and they may take your ID card and sell it, if you want to create a fake ID card, this is illegal, I advise you to work with trusted projects that do not ask for kyc because if the project is honest and you provide to it a fake ID By Photoshop or by using any application, it will discover that and prevent you from getting the reward. |
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it all depends on what project you are participating in, if you are expecting a big prize I think it is quite difficult, if there is a worthy project it is always chosen by many bounty hunters and the chances of the reward you get are small. if you are interested you can join the signature slot that I am using right now, this project pays weekly.
The problem with the weekly bounties that pay in Bitcoin or large coins is that they have difficult conditions and a very limited number of participants, and among the examples of these conditions is that your account on BTT needs to received 5 mert during the previous months. I think that with the emergence of the DeFi system there will be good projects such as oikos which I'm working on so far, maybe we will find such this project soon, let's be optimistic. |
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I recommend you a good site from which you will find the best rated Airdrops and the full information about them which is Airdropking, But in my opinion, you will get from working with these Airdrops simple money and they may be tokens that are worthless compared to working on good bounties. You are free to whatever you want to work on, and good luck to you. |
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I like when something new appears in the market, such as ICO and IEO. Investors have a real opportunity to invest their capital in a promising project. Now we are seeing a hype around DeFI projects, which, if chosen correctly, give a profit of thousands of percent.
It is good to see a new and good financing system that joins the crypto list, so that any investor has complete freedom to choose what he wants to invest his money in. Each system has its time and hype, and even with DeFi projects, there will be projects that will succeed and give a good profit return, and there are projects that will fail or turn To a scam, that's why I see that DeFi is very similar to the ICO with its risks and great profit advantages. |
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Nothing last forever, falling apart is a certainty of cause, you can't expect DeFi projects to keep taking the first in crypto space, there is time for everything but I just think that DeFi reign will last longer than that of ICO projects.
I agree with you, and there is nothing last forever because with the emergence of an alternative system and this system has achieved successes, So the investors automatically turn to it despite its risks, and the hype turns to it, and it becomes the talk of the people. any DeFi project or other may fail if this project does not have an expert team in its management But with time, if this project does not achieve its goals, it is better to leave it. |
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Sometime some legit look projects can fool us but it very crucial to us to make research first before joined any project in here cause everything is possible can be happen. We cannot predict the future and sometime we will can be wrong.
Yes, there are projects that seem legitimate, but after you go deeper in the search, you will definitely find one of the graps that will show you that this project is a scam, and I would advise whoever wants to join recently for any project to check out the "Scam Accusations" section in this forum may find the name of the project that he wants to work with in this section. |
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During the pandemic situation, awareness towards cryptocurrencies has remarkably been increased. Even though major industries are getting pushed back due to the slowdown of the economy because of lockdown, on the other side, we have seen good growth in the crypto market.
From my point of view, once everything is settled down, the crypto market will see more investments than now.
Crypto has proven to the world that decentralization is of great importance and that is why the cryptocurrency market has not been affected by Covid 19 because of its advantages that made it overcome this epidemic and made investors increasingly dependent on it, The blockchain technology has shown everyone that this is the technology of the future, so whoever did not see the power of this technology before, then during the epidemic, he sees it now. |
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If these tokens have different values and are listed in the exchanges and you hold them and monitor them constantly, This is undoubtedly a good hobby and you will reap a lot of profits from it if you choose the tokens you buy well. If you buy quantities of these tokens with a few cents, you will earn double your investment, if If the value of one of these tokens goes up to the moon.
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Not knowing when profits will come through bounties is what makes them fun, you can never predict what you will earn so join many good projects and relax, out of five it's certain that one will bring the highest profits, nowadays bounties isn't for the lazy hunters or those who want instant rewards
And you may not get profits from joining the five projects that you worked on, the matter does not require speed in even joining, but rather take enough time to review projects, so that you do not waste your time promoting scam projects, you can join 2 to 3 good projects after reviewing them well is better than joining to 5 bounties and you get nothing at the end. |
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Actually both have advantages and disadvantages both conceptually and the other and most importantly beneficial, and Defi is currently becoming a trend like the beginning of ICO and everything is going well and profitable for those involved.
and must learn from experiences such as the development of ICOs and must remain vigilant not to invest blindly because of big profits without thinking about the potential risks that will occur, learn from ICOs that will lead to fraud.
I agree with you. The ICO was an old lesson, I think that every investor should remember this lesson well in order not to put his money at risks. ICO and DeFi are all financing methods so we should not be fooled by the hype. I think that DeFi has succeeded in its goals, so publicly, we should improve the choice of the project in which we invest, because not all DeFi projects will be profitable in the future. |
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Yes, the TrustWallet app is one of the best applications that I use on the phone to store ERC20 tokens, but the problem of high fees is what I don't ike about it. Also, I do not advise you to join Airdrop, it is a waste of time and you will get shit coins, If you store it in any wallet, you will not get any profits from it.
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In my opinion, this is a new financing system, and this system has succeeded in stablecoins, loans, and the main elements and has great privacy advantages. Therefore, this attracts early investors in abundance, like what happened in any new financing or investment system that was established before and whenever an idea or system develops, this system grows in its early years, collects huge investments and gives great returns to investors, and then it comes back naturally after the hype ends.
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We do not know what coin will pump, perhaps, with the passage of time, we will gain profits from the Dogecoin, its price is really low, so we can invest it at this low price. Even if we lose these money, it will not be a great loss, and I see that the Dogecoin project has capabilities and algorithms that will help it grow and spread, We hope that after several years we will find this coin profitable for investors.
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