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IMO, i don;t think it will stop. there will always be newbies in the crypto market and they will always fall for scams. just like how every newbies that wishes to earn or increase his portfolio. there is a tendency that 90% of everyone that traded or owned cryptocurrencies have invested or purchase a token during the initial stage. i think it is part of the learning aspect of cryptocurrencies. the reason why everyone is advised to research properly before investing in any investment.
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We are all in for the gamble. investment and opportunities are similar. in as much as know that the crypto market is feel with quick scams, it is a call for everyone to gamble wisely. i do advise newbies to stay away from Defi exchanges like Uniswap. lot of investors has lost their funds on this exchange due to quick scams and it will not stop just like the other exchange platform.
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You guys conducted bounty on this platform. after the bounty, you ran away, deleting every trace of the work without paying hunters. the project has a lot of pending issues to clear but it is surprising to see them back and also listed and trading on exchanges.
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YOU need to include that the Defi bubble has attracted various forms of scams just like the Old ICO days and whoever that is know to this platform should en devour to make proper findings about the project he is willing to invest into. this will save the investor from loosing his funds. the defi saga has create another source of funds for cryptocurrency.
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i will say that the first reply on this post is the best option to your question. what ever you do with your funds is your choice. if you have meaningful reason for buying NEO, Go ahead and do that if not, just know you are gambling. you should do your research before investing in any token you wish to avoid loosing your hard earn funds.
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I think that a certain percentage of crypto investors spend most of their time on crypto websites like coinmarketcap, coingecko to check out current price without proper verification to know the actual trading price of the token. some use these websites to invest or choose a token to buy without proper research.
A little observation shows that top 500 to 1000 coins, although most are scams are fill with current and active tokens with values WHILE from 1000 and below are tokens that are no longer viable, scams and dead projects.
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it is clearly stated that cryptocurrency is volatile. you can loose your money within seconds or you can gain huge profit with the same mins. it is advisable to trade or invest with caution. make sure you invest what you can loose to avoid loosing your money to scams. the possiblity of investing in a scam project without doing any research can lead you to loose your funds.
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i strongly believe that the Defi season has come to stay and it will last for a long period of time just like the traditional banking system has controlled finance and maintain top level in montary affairs. the DEFI season is quite different from ICO which involves funds raising which DEFI allows you to invest your money for a sutiable returns.
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There are hunters in this forum with the mind set that sooner or later, it will lambo. the price will go up, the volume will come and they will make money. they believe that every token has its own time and it happens unexpected when noone will noticed. i sometimes ask those involved to what profit will you make from a project that is after the investors money.
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This is the quickest move so from a New coin that just hit the market. Listed on recently on exchanges and immdiately hit the top ten with huge marketcap, volume and exchanges. it most be a serious contender of ethereum. it is becoming a problem that ethereum can not solve the current issues on its platform and developers are seeking for alternatives.
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I think Ethereum will never hit 1k price mark again. there are lots of competitions. the new project are waxing strong Tron, solana, DOT, elrond and a host of others. i also think that the current price movement in ethereum is because of the DEFI season we are in. the fall of defi will lead to the second demise of ethereum. it might crash more after.
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Sorry to say this but i assume that you spend so much time on the bounty section of this platform because most projects introduced in telegram channels are amazing projects with bright features. the likes of DIA, SERUM, COINDELA, CORIONX and so many others. if you check out the traditional markets outside cryptos, you will discover that it is the same thing. New products are also getting listed on exchange platforms.
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Unbelieveable that crypto has been exiting since 2014. i discovered crypto at 2018 as a result of joining online investements which turns out to be ponzi. honestly, i could have been holding 0.5 btc. talking of Old projects. i think i will go for Counting house fund and the Bulleon project. although both are on ethereum plattform, they are projects i have high hope on to succeed.
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I will sugguest you check out these websites. cryptocompare and coingecko. they have upgraded their platform and users can monitor their favorite tokens.they can see profits and loss from an organized platform. the most impressive aspect is that these features are free and you are not going to pay any dime. there are paid services that you can use.
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