Just imagine if there is no big hype of DeFi projects today will new developers start switching to DeFi potential or build DeFi projects from scratch? No I guess, this is why I think that majority of DeFi projects will die between now and coming year, a painful death I think because they will turn scam, ICO investment websites are full of unknown DeFi tokens that are targeting uniswap exchange for listing, the DeFi tokens have no ANN on this forum and they have low max supply, what's even more disturbing is that people are investing on these coins, I feel like we are going ICO round 2 again
You are right about most projects which are listing on Uniswap now, a good number of them do not have a functional website or adequate whitepaper, let alone use case, their only attractive feature is the low supply which they uses to attract investors. Although no one is forcing anyone into investing in any of these coins, but I think carefulness is highly needed at all times. Also, comparing the era of ICO to what is being experienced in the DeFi space now, I think there is a correlation between them and that is, DeFi hype is going down rapidly which shows that nowadays a project will need to offer more to investors to convince them into investing. And lastly, many Defi projects will die especially those that failed to present an attractive use case just as seen during the ICO era. |
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Hello , as my hobby , again um doing my research on new " Defi healthcare " Project. The Name of the Project is "medicalVEDA" and This is a Chinese project. I'm telling about this project is due to following reasons , BUT i have some doubts as well , so that's why i need your opinions before investing to their IEO.. Reasons are : - Partners
- Team members were directly contacted by me
- Active Telegram group
- One of my crypto teacher (my friend ) has invested [He has earned 3500$+ profit by investing an another project in last 3 months] thats why im following him i
[And i read the white paper ,but I coudn't find a wrong with that , tell me if you found any issue] , So these are the reasons , Tell me your opinions against my reasons and if you have invested to this project kindly tell me the reasons for that.. First thing first, do not invest in a project just because another person is doing so even though he is your friend, learn how to do yours and be sure of the project. This is because, he could be doing so because of hype or because of what he heard as well. Also, invest what you can afford to lose. Now about this project, I am just hearing about it, first check their team and their level of experience in the healthcare industry. Since they have partners, how strong or renowned are they? You also need to know that. An active community is also important but most importantly is the exchange launching the IEO and their track record of successful IEOs; as for me IEO on top exchanges always to a big extent shows how reliable a project can be. |
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Are there scam tokens in UNISWAP?
Who saw before?
How do you describe them?
Scam tokens can be in most exchanges mainly smaller exchanges but hardly will you see them on top exchanges but yet it doesn't mean one shouldn't be careful. Now about Uniswap, first it is a Decentralized Exchange, meaning there is every probability that there will be scam tokens listed there. And since it is decentralized also means that, there is every tendency that most of them aren't verified or audited and the way they work is, pump the token to attract users and then dump everything and when such happens there is no way to track them. Therefore, before trading on Uniswap make sure to get the correct trading link or contract address from the team in question so that you don't go into trading a scam token. In addition, before trading any token, endeavour to make your findings about it. |
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A lot of people have been burned by founders running away with with ICO money. It tarnishes the reputation of cryptocurrencies and I believe we should help educate new investors as soon as possible.
Can anyone share a checklist of the things they look for to determine if a coin is worth investing in?
And what are the red flags that you often see people fall for?
Most times, it is deeper than we think and most times it also requires simple understanding. As for the first, there are projects which will succeed in listing and then the team will exit scam; you see unlike others that do not list, these ones succeeds in listing and yet exited scam, thus it was planned. On the other hand, is hype and nothing more, it is what has dealt with a good number of people; a clear case is the recent DeFi projects, where most people knows that some of the projects have nothing to offer but yet gets blinded by hype that they didn't pay attention. So what I can say from all these is, in any project monitor the team even if you are holding for long term or short term and once things starts getting weird, sell offf immediately. Also, make your due diligence about most projects which do not have appropriate use cases, you will be surprised that they have bad motives. |
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Hello Guys, today i made a little withdrawal from my Houbi account to my Binance account using usdt trc20, actually this is my first time withdrawing usdt using trc20, when i input the amount i wanted to withdraw, i noticed there was no transaction fee quote below in the withdrawal page, and i thought it was a glitch, so i hard to redo it and it was same as earlier so i just went ahead to complete the rest of the withdrawal process, then after confirmation my withdraw went through and same amount ($150) i withdraw from houbi appear in my binance wallet without any transaction fees, i was surprise to be honest and equally happy  thanks to eth high transaction fee that made me discover this, Do share your thoughts and opinion or experience too. You have been missing a lot to be frank. Nowadays, when I trade on any exchange or in fact before trading on any exchange wherein I will withdraw USDT, I will have to check if the exchange supports TRC-20, and once it does I will trade on that exchange because I can't really stand spending unnecessarily on ERC-20 withdrawal fees bearing in mind that in most exchanges the withdrawal fee is somewhat higher. I think the idea was actualized owing to the way people transact or withdraws USDT, and hence just like there are Omini and ERC-20, TRC-20 was created as well. Another advantage of it is, it is faster as well however not all exchanges supports the TRC-20 network, can't really remember the particular exchange because I never traded there again but maybe sooner than later or when other exchanges understands the need of it, they will support it also. |
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That is true, everyone is just scared of the whole thing and it really gives concerns, and not only that, it discourages as well. Imagine having a transaction to do on an exchange like Uniswap and the fee is high, you will feel discouraged and might end up missing an opportunity. But yet, I tend to believe all will be sorted out with time, most especially with the forthcoming upgrade, the issue of the high gas fee will most likely be settled. Also, funny enough, the high gas fee do not seems to affect the Ethereum ecosystem hence showing that people have come to trust it massively while believing the team to fix everything.
Just a little addition, for withdrawals like USDT, using TRC-20 chain is better because it comes with no fee.
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After such a long time, I am busy in my real life because of Covid-19. I am trying to read the news here and find something that can help me make money.
So, I am trying to deposit some money to binance and buy the coin as my investment. Here is the list:
TRX, LOOM, TROY, KAVA, EOS, ONT.
The biggest allocation of my money was in TRX.
In the first month, I use little money to invest in TRX, and I got the next month's reward. So I decide to invest more money to buy more TRX plus to buy the other coin as I mention above.
I am planning to invest more, but I need suggestions on what coin to invest. Should I still invest in TRX? Or I need to buy the other coins?
I am thinking about SXP, ADX, Tezos, Atom, Algo, Harmony, Qtum, Komodo, Neo, and Elrond to be on my investment list, but I know that I can not buy all of that coin at once. I can buy it every month of each list with the money that I am willing to use for the investment.
I already did that from 3 months ago, and now, I am trying to use $30/month to invest.
I have my bitcoin in other wallets, which I don't use to buy those coins. I keep my bitcoin just in case for the next bull run. I use the other money to trade, although I know that the profit is not too big for me, that's really meant for me.
Thank you.
I don't know for others but personally diversifying into many altcoins is not a good idea it will only make you lose focus and restless; this is just me, like I said I don't know about others. I highly think it is a good idea investing in only coins which will give you the true value of your time and money, because most coins today might not worth anything in the near future, or even if a bear market starts now, most coins might dump and never rise to a good price again. Therefore, from your aforementioned lists I can only point out Tezos and Trx, others I can add which are not in your list are ADA and ETH; Bitcoin is already in your portfolio and that's very nice. |
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I notice that when there the price is going up so many people are joining the train and they also buy because the price is going up and they are going to make a profit, why people are not buying when it is down when the price will eventually go up and they can make a lot of profit.  The reason why most don't buy when the price is going down is that, they don't know if it will go deeper than their buy price and if it does, will it later go higher than their buy price and give them profit. There are most coins one can buy and it will keep dumping that the buyer might be left with no other choice than to sell at loss. On the other hand, the reason people buy when the price is going up, even though it's risky is for them to make profit, but this is very risky as the aim might not be achieved. However, from the two different cases, it all depends on the type of coin. Bitcoin for example dumped during the early days of the pandemic, most people bought and it later went up. Once in a while when the market is favourable, people buy Bitcoin or Ethereum just to take their own profit. Therefore, the right idea is to buy good coins (Bitcoin etc) when they dump and when the price goes up, you sell and take your profit, if you are not a holder. Lastly, not all coins are worth buying when they go down at the same time, not all coins are worth buying when they go up. |
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I see DeFi projects are over, as same what happen to ICO before.
Will we see old coins revolution?
i'm talking about old good altcoins as like Eth, EOS, LTC, BCH, XRP..etc
what do you think?
is there any chance for DeFi tokens to bring investors again?
Not that DeFi projects are over but I think the hype is over because it is not as much as it was before now, I will even say it didn't last long and those who made their profits are happy and those who didn't are left with series of losses. Also, looking at their prices now, I believe many people will be asking themselves if they made the right choice. In the same way, with the hype gone, the true state of the projects will be revealed hence we will know the serious team and those that do not care but only leveraged on Defi hype to achieve their aims. Furthermore, just as this is the same case scenario as ICO, attention will be moved to those old but worthy coins such as Bitcoin and the rest in order to limit losses. |
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Dash is one of those old privacy coins with unique features not found elsewhere. For instance, the project has adopted a mechanism dubbed "ChainLocks" to protect the Blockchain against 51% attacks. It also has instant transactions (InstantSend) and privacy features (CoinJoin) baked into its protocol. Yet, Dash has been under the radar of many investors and traders alike sitting around $70 per coin. With a proven track record of development and innovation, Dash should've been in the top 5 cryptocurrencies in market cap by now. Do you think Dash is undervalued? If not, why? Your input will be greatly appreciated. Thanks.  I stand to be corrected, but I think most privacy coins are under this category. Just like you pointed out, DASH is one of the outstanding privacy coins in this space but seems Monero is always at the forefront. Nevertheless, I think maintaining a particular price range doesn't really spell bad for Dash, this is because there are many old cryptocurrencies that are no where to be found currently, in fact no one is even thinking about them. But since privacy coins are just few, I believe with constant development, a time will come when the attention will be moved to privacy coins again and the required growth of Dash will be witnessed. |
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You are browsing through Twitter or telegram and you come in contact with news like this '𝙄 𝙖𝙢 𝙨𝙤 𝙝𝙖𝙥𝙥𝙮 𝙩𝙝𝙖𝙩 𝙞 𝙝𝙖𝙫𝙚 𝙞𝙣𝙫𝙚𝙨𝙩𝙚𝙙 𝙬𝙞𝙩𝙝 Mr George Anderson ịt has been a life changing experience and a God sent to humanity 𝙞𝙣𝙗𝙤𝙭 𝙝im 𝙖𝙣𝙙 𝙨𝙩𝙖𝙧𝙩 𝙖 𝙨𝙪𝙘𝙘𝙚𝙨𝙨𝙛𝙪𝙡 𝙩𝙧𝙖𝙙𝙚'
Join link???
When ever you come across such it's a total scam, it's never real to begin with, it's just a fake good news to lure you into a trap, do not bother to read
The fact is people who make it big aren't always ready to share news about how they do it
In my own humble opinion, greediness has been the problem of many people in this crypto space, how? How can someone be so moved into believing a post which someone makes and then asks for payment while promising an imaginary reward. Many of these posts or fake good news are both on telegram and twitter, and from the look of things, in fact from all ramifications, it seems people are still falling for it hence they are everywhere. People should learn how to tackle greediness, no matter the giveaway, fake good news or airdrop, checking with the team involved should be done first. Lastly, scammers are everywhere and they will keep trying different strategies to attract, lure and scam people, therefore doing the right thing and being far from greed is very important. |
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Although it looks weird, but I think it is a good move I will say, or rather a wise move. You see, one of the things that builds a platform or makes a platform to grow is the number of users and their activeness, now by redirecting users or visitors from blockchain to Tron, thereby by so doing, users who knows about blockchain (since it is a prominent name) and might not know or have not been giving much attention to Tron might use that opportunity to know about Tron and so on. The idea is, no matter the number of users that gets redirected, there will still be some that will take time to know more about Tron and probably investing. Hence, I see this as a very good marketing/advertising strategy to attract users to Tron. |
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DeFi prospects look good and attractive, it really have the potential to improve the crypto space and the financial industry but things changed too quickly as people started seeing it just for profit/gains and not for what it stands to offer in the near future, hence reason why scammers joined up and took their own share. I believe that, if people can start seeing most projects for what they tend to offer and not for profit etc, many projects wouldn't have been created and many won't see the light of the day; a look at the prices of most DeFi projects is telling the truth now.
Nevertheless I believe in the potential of Defi and also knows that soon, the fake projects will go down the drain and the good ones will start getting good attention.
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Do you have a preference for collecting tokens instead of selling them?
Currently in my wallet there are more than 200 tokens with different values and I do not sell them every time it is listed. I keep them and watch them every day. I was fascinated by the fact that there were many tokens in my wallet and not paying attention to their price.
Do you think this is a crazy hobby?
There seems to be many people in your shoes and I wouldn't say they did a crazy thing or have a crazy idea or hobby, everyone does what he/she believes can work and can enrich them in the future. In my own opinion, I will say, with respect to the state of the crypto space nowadays, if the coin is not Bitcoin or Ethereum, then it is worth holding for long term. That is, having many tokens is not the problem but having good ones should be the main concern. It is good to pay attention to their price and once you see a good selling price, sell and hold in good coins like Bitcoin or Ethereum, USDT is also there in case you don't want to battle against volatility. |
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#PROOF OF REGISTRATION Forum Username: Chuky92 Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2084586Telegram Username: @Emma_Chuks Participated Campaigns: Reddit, Medium, Twitter, Signature, Telegram and Facebook ETH Wallet Address: 0xa8824FD93E5266452c6a9dA7c85C2A97594CA7Fe |
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I seriously don't get it, why claiming to be Bitcoin or rather the original Bitcoin when it's obvious everyone knows the truth and real Bitcoin. I think twitter did the right thing because I see it as identity theft and hence the appropriate actions had to be taken. This is because, with them claiming to be the real Bitcoin on Twitter, taking into account there are many novice about the crypto space, they can easily believe it's the truth thus investing the wrong way. So the right thing is being done, and if they are serious about the coin, then they should do the right thing and not looking for who (newbies) to mislead.
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If you aren't fully prepared for what's coming don't jump into mining, miners have been in bad shape since last bullrun in 2017 to early 2018 and many shut down their miners, just because it's profitable to mine right now doesn't mine things will remain the same for miners, another thing to be worried about is ETHASH Algorithm, this Algorithm is the most profitable but the best coins on this Algorithm ( ETC and ETH ) are changing to POS and other algo soon, meaning your gpu will be less profitable too, it's better to buy coins unless it's your hubby already.
That is, it is good to know what you are good at and perfect it while looking for possible ways to make it work amidst any kind of challenges. I believe many miners faced issues but yet while others where shutting down their equipments, others were always looking for ways to improve and continue mining. Just as it is with mining, in the same way it is with investing or trading cryptocurrencies. Taking a look at the crypto space days ago, everyone witnessed a massive growth in many cryptocurrencies mostly all these Defi projects, while some people took time to invest in the promising projects others chased hype projects; thus now the market is down it's clear that those that went for good projects won't be much disturbed while their counterparts will likely sell at loss. |
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Defi came with a trend and as many people as possible are all looking for a way to follow that trend, and this comprises of scammers and half-baked developers, and majority of people do not care about use case or whatever but only profit. All I can say is, the wise ones knows when to stop or take a break and others who are all for profit always ends up getting trapped thus learning in a hard way that which they have failed to learn in the first place. Lastly, so far Defi hype is still around, many of these projects will keep coming up, therefore there is a very big need to be careful.
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The whole matter looks strange to me, because I even tried to imagine the length of time it took Bitcoin to be valuable, trusted and so on, but these ones all of a sudden comes out, starts pumping and people couldn't get enough of them because they keep going for more of them. Also, as for Uniswap, I would say the team behind the exchange are just trying to get their own share of everything thus not bothering about auditing the projects they list. Same is with the people chasing after all these projects, they don't care of what the project offers so far they can get their own share. So one can see, on one hand, Uniswap cares only about the gain same with the investors but on a more serious note, only the team of that project makes much gains while deciding the fate of all investors. Lastly, I wouldn't say it's like bitconnect but however, people need to take a break and ask themselves questions about all these projects they are investing in. |
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the new cryptos of the future like (yearn.finance) several projects are currently in progress or in creation, But today I fear a huge scam that will happen because the prices suddenly explode so that doesn't even have an exchange or liquid just a pump going up and going down 
