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I do not believe that can happen but if it is true that will be great, usually no one gives back the money they cashout looks like the owner has realized his mistake or he may be threatened by someone or he could have felt scared due to any legal action against him whatever the reason if it is good for the project we should support it.
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The projects in defi sector that are offering high yield must be dealt with care and first let them prove them and the sustainability of the returns for good few years because 15% returns are not offered anywhere in cefi and defi projects.
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Why would someone buy these old and outdated tokens when team.has still not able to deliver the products and services yet, like they promised. It is good to stay positive but investing with ooen eyes will save you from bad or outdated coins. I am still confidemt that atlant will be big but at first we want to see full launch of karta and uvas.
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After Sushi Dump (another defi project) Cz_binance
Reaction was - "I don't know who the founder is . We don't Force you to buy . All coins are high risk , especially DeFi"
And he also removed that post from twitter.
At this time many suspicious project coming with DeFi tag
Because currently DeFi is trending.
Please Follow every single DeFi project with team activity , management , what they think about their project in coming days..
We have to invest or not .
Every time research first about that project ... Newbies are only finding DeFi project currently and then they invest on that without any research & all that
His clarification about sushi just exposes his greediness and to rush to make more and attract more users, even if they lose their investmemt. I wonder how will even these big crypto companies like binance will feel to be making enough after making millions of dollars every month, seems like greed is not limited in this space. I expect much better filtration amd listing requirements from bimamce so that only legit and quality projects get listed there. |
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I think the guy simply got lucky because he never intended to do this. He just invested in the token and he never knew there would be a flaw, an error or bug in the coding so i will not blame the person.
But if the person and the team negotiate and come to a resolution that will be better for investors and supporters of the project.
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Changed 30 dollars of dgb for 20 dollars of ethereum. Change exchange. To limit of the scam
It may be due to two things: 1) high transaction cost. 2) high volatility. Next time before making such a deal make sure you have checked and afford the deal. If something does not seem correct or fee is high then cancel the deal. No platform forces you to complete the deal. |
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Developers should stop taking investors as fools, you cooked your project up to your taste and everything seem fine enough but because you are too greedy and can't take your eye off DeFi success you decide to switch your project to DeFi. Seriously are investors stupid enough to go along with your obvious trick? To all developers who are doing this, it's a complete slap to your faces, you guys should be ashamed of yourselves.
There is nothing surprising in that, every smart person adopts to the market situation so as the developers of new projects are seeing super bullish defi projects so they are trying to modify and step into the defi side as well. As long as it is legit i have no problem with it rather it will be good for the project and their community. |
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Few years back, I could remember Cryptocurrency wasn't really known by most people and the idea was joked with, even I myself didn't have a thought on it, but the growth of crypto is now alarming that almost all my friends are into one or two of it. Looking into the future I suggest Cryptocurrency will suspend other past used currencies and take over, what do you think?
It is a fact that crypto is being talked about in every household now. Not only this mega investment institutions are entering crypto market now but mega business corporstions and business houses are also now accepting and encouraging the use of cryptos, all these things indicate adoption and i hope the next bull run wiĺl be stimulated by this adoption wave. |
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Just like ICO, proof of stake,masternode, IEO and DEFi. The trend will come and go but few survive the jungle. The recent spike in price and are all sold off with - 50% and still counting as bitcoin plunge continues. Sushi developer left the project but I was surprised how the price bounce back when FTX founder renowned his self to continue the project. Invest wisely, most of this project will cost you nothing but loss.  As soon as the news about the taking over of sushiswap by ftx surfaced the market has received it positively that is why the prices have bounced. I agree to the point that we should invest in only high quality projects and should not follow the short term hype and fomo. |
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Since last few months we all faced a problem, that is very high gas fees of Ethereum network. Even it increased so much that costs more than someone's trade value.
More or less we all are hoping that the upcoming Ethereum 2. will solve this problem. But many renounced de-fi experts are saying that Ethereum 2. will not be the solution. Let's discuss something.
There is a specific coding for the Ethereum gas fees. The fees increase as the network congestion increase because the traders try to complete their transaction within time by paying high fees. And in last few months de-fi hype was on a peak. So transaction increases rapidly. As transaction increased the traders start giving high fee to make their transaction faster on this congested network. And finally the gad fees reach all time high. This is what happened.
Now please analyse by yourself and think what if the de-fi experts are right then there will be two solutions of this. One, the upcoming projects can use any other network instead of Ethereum. Secondly, the Ethereum team should change their coding and algorithm which is very difficult.
So, do you agree with those de-fi experts?
And if you do then what may be the solution of this?
Even if Eth 2.0 is not a complete solution for reduction in fee and faster transactions but still be sure that the issue will be significantly resolved for few more years atleast and developers will be working on next solutions till then so i am positive about the outcome of all these things going on for ethereum. |
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I cannot believe how these scammers are even surviving till now. I mean atleast mainstream media platforms like youtube should have active moderation and surveilance team to keep a check on such scammers and such fake giveaways and scams should be stopped as soon as posted.
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The price or fee has dropped significantly perhaps because of panic due to some failing or exit scam defi projects, resulting in reduction in the number of transactions and also the fee due to relief in the congestion of the ethereum network.
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I liked swipe too and even now i want it to succeed. I am also active user of the swipe app but the only complain i have is slow and poor kyc tier 2 verification system. I have provided them with all documents and data for over 2 weeks now but my tier 2 is still pending. I am sure if it had been done to angother service my tier 2 would have been approved in max 24 hours bit i do not know why swipe is taking solong time and i do not know how they will compete in the market and succeed with such a slow process.
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Looks with the defi and yield farming bubble bursting soon eth transaction fee will be back to normal. Thank God it was terrible paying so much fee and i see fee gone down considerably already and it will drop more in coming days.
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today ethereum is down more than 15%. I wonder why this happened. is it possible because of the high cost of GAS? or for some other reason. I didn't find any news that caused the situation to turn out badly like this. this happened suddenly, is it safe, Will ethereum go back to $400?
Thus sudden market shaking seems to be some kind of specualtion from big whales to buy back cheaper because there is no negative thing going around crypto market at the moment and general sentiment is positive as well so the only reason seems to be whale game at the moment but bulls will be back soon with more aggression hopefully. |
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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.
Mining jas officially been gone in my opinion, especially after the last bull run of late 2017 or early 2018. Since then miners have been struggling to make any profit and mostly the big enterprise level mining companies are surviving because they get special discount electricity package or they have their own solar or alternative electricity plants. |
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The level of madness on these Yield Farming projects is off the charts. These tokens sell like hotcakes even if they recently launched with some red flags. Is the community going in the right direction? For example, we have two tokens namely Sushiswap and Kimchifinance. If you look at their websites, both projects have anonymous team. It looks like Kimchiswap doesn't even have their own domain yet lol. - https://sushiswap.org/- https://kimchifinance.firebaseapp.com/Their smart contract were not audited before launching just like what happened to YAM.  - https://twitter.com/kimchi_finance/status/1300821471493726208 - https://twitter.com/NomiChef/status/1299443378396962817[Sushiswap was later audited by Quantstamp] It's easy to get lost when you see a lot green candles from these DeFi and Yield Farming tokens if you're a new player. Those investors who experienced the 2018 crash would have matured by now but that's not what the charts is telling me right now. Maybe they are also taking advantage of the ignorance of newbies. Be safe. Don't go all in. I believe there are far more safer cryptocurrencies to play with other than these new projects popping up like mushrooms You have mentioned just 2 projects but there are dozens and many lack even website or whitepaper. Would you believe that there was a project named hotdog and it pumped to 4k and now has dumped badly, this defi craze will make people lose big money and unfortunately some people will learn the hard way. |
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Almost all coins are going down, it is a market correction also do not forget the DIA has grown from 5 cents to $5 which is over 100x gains in short span of time now it is undergoing correction which is natural because nothing can continuously and constantly keep going up.
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Obviously, it is not easy to make money in crypto market especially if you want to get rich quick because crypto is a new tech and you will have to give it time and be patient. The people who want to become rich over night are like gamblers and these people mostly lose rather than making any profit. Stay calm and focussed and crypto will definitely make you money.
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They should be regulated like every business is being regulated where big money is involved and this should not be done to control or tax the projects but simply to safegaurd the investors and common people who will be using defi services in the future, regulated defis can give huge boost and then defis can be mass adopted by the public with peace of mind.
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