This incident proves that a new project that uses the DeFi moment is one that only seeks profit from investors, they don't seem to really know how to manage the project. Because creating projects using smart contracts is quite easy. I assume the owner of the Sushi project has made a big fortune and goes to party and hand over the project with someone else to keep the project going and he is free from a lurking punishment
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It seems that it is not caused by gas prices, because the market is currently bad. Bitcoin has fallen to under $10k and all altcoins have followed suit including Ethereum. Before going down, Ethereum almost touched $500 and finally today it is back at $340
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For now there is not enough time to assess, It takes enough time to find out such as ICO, IEO and others. Currently DeFi is quite attractive to the public and also many who invest, but several projects also show that they are a scam. So it's like the first year when the ICO appeared, many projects were committing scam.
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My analysis of staking on projects is to make investors or anyone who holds their token or coin hold it longer by getting results according to the pool and the amount they are staking. Maybe in my opinion what is sacrificed is when staking sometimes the price goes up and we can't sell it because the staking is still ongoing.
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Right now I'm holding on to ethereum because it's getting more and more attractive, although at the moment it sucks because shipping costs go up so much. I decided to take a little longer and see if their shipping costs would drop or not.
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Both are great when you focus on one, but for me it's certainly more cryptocurrency fun. And in this forum it is clear that everyone likes crypto over forex. Crypto is more diverse, many choices and easier to understand in my opinion.
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I depend on the project that I follow. If I do not believe and the project will distribute tokens for airdrop or tokens to investors with a large allocation, then I am prepared to dumping early. But if I believe in the project, then I will repurchase it at a lower price
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Many people have different views, this can be important and not very important. But for me, the name is part of something that is quite important and must be considered. Relevant, unique and non-plagiarism names are the main thing. A good name will not be successful if the product and project development are bad.
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I hold on to top bitcoins and altcoins to get them, because I still can't do it for day trading. For new project investments, I usually prefer to take part in bounty campaigns, AMA or other events they open.
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It is true that cryptocurrency is increasingly accepted by people, but this should not let us off guard by new projects. Currently the DeFi project is popular, many projects were born and there must be a group looking for an opportunity. Decide carefully when investing in a completely new project
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Usually it happens to projects that lack investors, so they may not be able to cover the need for project development and also the project does not get good interest in the market. Or maybe it was a fraudulent project that was just looking for profit and then just walked away.
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Blockchain is very helpful today and will certainly continue to grow. But in other cases there are also groups that use it for crime and money laundering which will not be easy to trace.
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Interesting, now companies big or small are aware and know that cryptocurrencies are increasingly in demand. Of course they have to move faster than the others in order to really reap the big profits.
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But this situation is better than it continues like a few months ago, it is quite risky to do day trading today. I'm not too sad because this situation is good for me because I prefer to hold
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After launching within a few days Ethereum was past $400 and is now quite stable at $380 I think in a few months at least Ethereum will be able to cross $500 and that is quite a gain for me personally.
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That possibility is true but there is little leverage if the major altcoins lose interest. DeFi seems to emerge at the right time when the market is good and interest is on the rise. There are indeed several altcoins that have been affected but also many other altcoins or projects that have had a positive impact from this trend
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All projects are required to have a whitepaper or litepaper to introduce their project in more detail and clarity, but that cannot be the most important thing for assessing a project. Because it's easily manipulated with nonsense and promises that really don't make sense for a new project.
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For now, it seems like this kind of problem is nothing to worry about, but as much as possible we really have to keep the account and don't lose it. Simply contact their service and tell the truth, usually, you will be asked to send your ID or passport as well as other data that confirms that it is really you
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I often experience this, when it holds for a while and the price goes up a bit I decide to sell, if I am more patient maybe the profit will be bigger. But that's what is called a good decision, no need to target large profits, small gains are not a problem than losses that are more painful.
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The beginning was the birth of a new project that had new ideas and innovations that had actually carried out research for the future, so this project was really successful and was followed by several new projects and was also successful. But indeed after that will be born a new project that only aims to seek profits or projects made by people who are not responsible.
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