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I don't think I should invest there, you know there are so many projects that are more promising and convincing than the project you say.
even a site like icodrop provides a great option for investing in a new project that will raise funds, why should you choose one that is not very clear about the project.
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it could be but I don't think it's necessary, because the cost of sending tokens is now quite high.
Unless you really want to dump them.
and I think it doesn't matter if we have many types of tokens in our wallet. even though the token is worthless.
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there are so many markets, but if the specialty market is erc20 then the choice is forkdelta or uniswap which are trending at the moment.
but it looks like you just joined back a while ago so don't know about uniswap and trending project defi.
but uniswap requires a high fee, so that some people may ignore it.
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I also agree Vitalik also says defi is a bubble which can burst at any time.
no one can guarantee but fomo will continue.as long as people are filled with greed they will still act without thinking.
there is always a risk.
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The current decline is global and cannot be faulted for a coin or defi.
because the market is in a declining state, although the defi is admittedly a bubble but the current situation is happening globally not only in crypto market but the whole market.
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because maybe the amount of supply during the pandemic has decreased so that goods will be a little difficult to find and the price will go up, that has become a basic principle of the economy.
at least the outbreak is not expected to create a global crisis.
but new things will inevitably form from this, for example new jobs and the economy will grow bigger if we go through this.
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Your suggestion does look good to see the details of an ICO project before investing, the method above is absolutely mandatory if you don't want to be hit by an ICO scam, but for now ICO is no longer used with projects, because now all projects have used Defi to convince everyone and invest in their projects, so always be careful and always see first if their team has social media, such as LinkedIn, Twitter or Facebook and the projects they are on are visible on their profile or not.
defi is that bubble delivered by vitalik and cz also approves of it. still it is a good opportunity to take advantage of it quickly, as most projects take advantage of fomo defi to take advantage just be careful and be prepared if you want to try it. |
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one way to find out whether the project is good or not is to try it, after that you will get used to choosing a project whether the project is good or not.
because already experienced.
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only if the project experiences a pump from the hype defi, just know that not all defi projects have increased due to Fomo, some have experienced a decline when released on the market.
so if indeed you choose the right project and immediately sell it for profit.
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In fact, 3 or 4 months ago were the best market conditions after the massive decline in last May.
I am sure that until the end of the year the market will still be sluggish until there is another break at the beginning of the year.
then in 2021 maybe the market will try to rise if indeed a bull run will occur at that time.
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Just don't panic, every change can bring something good. Changing jobs is a common occurrence, with or without the pandemic. of course, we now have an increased number of surplus jobs because the pandemic changing many priorities.
The basic rule is not to look too far into the past and turn to new possibilities. ability to learning and acquiring new skills is probably the most important characteristic nowadays.
Panic is a basic situation when people suddenly lose or can't do what they usually do, for example work. I also think so if because of this pandemic some jobs are closed then there will be new jobs opened which are suitable to do during a pandemic, everyone has a way, we just need to find a way to go there. |
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The term DeFi is currently the hottest and most popular. But there are many like me who have very little knowledge about DeFi. I think they should read the following topics once. This will give them an idea about DeFi as well as help them avoid different types of DeFi Scams. People make a lot and losses a lot in these DeFi without knowing the full meaning of Decentralized Finance, the worst thing that can possible is to get trap in an investment that we don't really understand how it works, people who are planning to invest in DeFi projects should look on this Threads so they will know exactly what they are going into, investing and educating they always go together. Because what people want is to make quick profits, so they ignore what defi really means, just following instinct and fomo that project defi will go up at the first time of listing. so they only take advantage of a short time, although there are some who try longer. |
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Situation is changed now. Defi projects got huge successful, that's why Scammers already start launching fake defi tokens, so that to steal inbestors investment. Since last 2 months, I have seen lots of defi tokens but most of them ends with scam. those are spoiling the attractiveness of defi tokens. That is the reason, people should choice each new defi token carefully before investment
This mode will be repeated. Scammers will try to find opportunities from the market hysteria, which DeFi is currently dominating. Fraudsters will make fake projects with all kinds of tricks as if they are real, targeting new investors or people who panic because they missed the previous DeFi golden moment. So, the scammers target people who are less conscientious and panicked, you should do the best possible analysis before joining. And it looks like Fomo Defi is over for now, or is it just taking a break and getting ready for even bigger bubbles. In fact, if smart people take their chances they can get in and out quickly, of course with a profit. it is greed and inexperience and inconsistency that keep most people failing. |
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if it is over we can see which projects have increased and will remain viable for the future.
Some projects may have gone up since the price of ICO / Ieo was launched and projects that rely solely on the hype defi will certainly disappear in the near future.
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some project definitions are good and have been around for a long time such as chainlink, band, and several others.
while the new one was released when Fomo defi went up I was not sure and doubted it because this was like hype and could disappear at any time.
but it's also a quick way to make a profit just make sure you throw it away when you make a profit.
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not very clear, but you can see from the website, the development roadmap or the estimated token being shared.
it doesn't make sense for a project to distribute $ 1 million in airdrop tokens.
or providing an amount similar to or more than 10% of the total supply.
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any coin related to the name Y especially the defi project is definitely hype and I don't believe it. I see there are a lot of Y projects that follow YFI but nothing is different and just follow it as a reference. I think there is nothing to believe anymore when making a YFI clone.  |
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