Defi Effect - What makes DeFi not reliable?

[Reid]

It's happening. 
Whales might have played them.

If not whales then what/who else could be the culprit of that  enormous amount of dump?
Developers?
Ethereum also fell which means they could have sold their DeFi coins for Ethereum and then cash out. 2 birds in one stone.

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[bitgolden]

There are tons of situations going in the DeFi space, I don't know what to say. I mean sure it is a great idea and who wouldn't fall for these good "ideas" but in reality we are talking about just ideas and that's it, without execution there is really nothing we can do about it, we have to just keep focusing on what we can control and not the things that are out of our control which is what the owners or creators of these DeFi could do.

If someone promises you 1 million percent return, do not jump in there, wait for other people to jump in there first and see if they are happy, if they are happy and getting their money return, still not go in because that is just a lie. However I am not blaming these people, it really looked good, I didn't get in thankfully but I wouldn't consider myself smart, just lucky.

[Fredomago]

Now DeFi has become a hot topic for over a month so the risk will be even higher.

Defi's madness has now subsided after Defi has reached its peak non-stop and continues to fall without correction. Traders are calculating their losses due to the impact of a significant drop and in the end, they realize that trading without analysis is futile.

As always. This traders will realized things after losing their investment, Riding with the hypes is not good if you
don't know how to position your place.
DeFi whales are now very satisfied with the profits that they've gained from this market, while those who tried
chasing their luck and left as losers learned things the hard-way.

[Yaunfitda]

DeFi is brutal not all DeFi projects can be profitable. If you are new to DeFi and thinking about investing in it then think twice before you invest and DYOR..

Of course, we all know that this is coming and that it will be the biggest mistakes for majority of investors specially newbies who don't understand how everything works. And now, just barely months into this Defi hype, some have been REKT already, specially in the last 48 hours wherein we see a dramatic drop so everyone is bitching around and didn't know what hits them, and yes it's brutal. The only one that makes money here is the whales we keeps on manipulating the market.

[AmoreJaz]

DeFi is brutal not all DeFi projects can be profitable. If you are new to DeFi and thinking about investing in it then think twice before you invest and DYOR..

Of course, we all know that this is coming and that it will be the biggest mistakes for majority of investors specially newbies who don't understand how everything works. And now, just barely months into this Defi hype, some have been REKT already, specially in the last 48 hours wherein we see a dramatic drop so everyone is bitching around and didn't know what hits them, and yes it's brutal. The only one that makes money here is the whales we keeps on manipulating the market.

those who got rekt are those that believe they can get rich fast from this hype. and most of them are noobs riding the hype without doing any research even the project itself. they will just learn their lesson when they lost huge sum of money. and then blame crypto to be fraud. the reason why they hate crypto is because of the ignorance of users!
 there will be more hype in the future and time for people to scrutinize each and every project they seriously want to invest with.

[hakertajniak]

Bro, we should avoid the project that promise high return within short time only.
Unfortunately there are still many people love to involving in such project, speculating is not a good thing to do.
DeFi is not the one to blame, some scammers just using it to lure people and steal money.

[tbterryboy]

That’s just it, when there is a trend there will always be people who are always trying to take advantage of that. When the DeFi started trending and everyone was hyping it here and there, I know that very soon they will start doing things like this.

There are always some pump and dump groups that are always on the lookout for new projects and once they find one they think is good, they will quickly pump and once everything kicks off they will sell dump the bag on those that got in last. So, if you’re having plans to get into DeFi projects it’s best you give it a second thought, and for newbies, it’s always best to stick with old projects. Your choice though.

[Drahzar]

uniswap is good and credible project; anyway investors should understand that defi isn't ICO/IEO but still hyped and risky investment... personally i invest not to speculate into defi projects, but more checking long-term roadmap, credibility and business model of each project...

[retalids]

uniswap is good and credible project; anyway investors should understand that defi isn't ICO/IEO but still hyped and risky investment... personally i invest not to speculate into defi projects, but more checking long-term roadmap, credibility and business model of each project...

truly to say it's always a choice - risk or not, and as for me defi is definately less risky than ieo and ico) i invest in dex project also...

[TimeTeller]

That’s just it, when there is a trend there will always be people who are always trying to take advantage of that. When the DeFi started trending and everyone was hyping it here and there, I know that very soon they will start doing things like this.

There are always some pump and dump groups that are always on the lookout for new projects and once they find one they think is good, they will quickly pump and once everything kicks off they will sell dump the bag on those that got in last. So, if you’re having plans to get into DeFi projects it’s best you give it a second thought, and for newbies, it’s always best to stick with old projects. Your choice though.

The mission of defi platform is really great but what makes it not reliable?
Those scammers that already penetrate this market. Which is not surprising.
Whenever there is a new hype in crypto, expect that scammers will join the bandwagon.
If you want to invest in defi project, you have to assess on your own regarding the authenticity of the project.
Only few of them can pass such requirements of a legit defi project. Look for working defi platform and see how they serve their clients.
Most defis are in beta stage, I think you need to stay away from those defi projects.

[Tahid12]

In reality, defi was scam since first it come in market but most of people weren't agree about this matter cause they were getting profit from it but didn't think about long term with defi.besides uniswap is the main culprit behind this scam. Cause they always help defi token to get launch by them.you can sew, almost all of defi scam is launched by uniswap than other exchange.so stay aware from uniswap

[Drahzar]

uniswap is good and credible project; anyway investors should understand that defi isn't ICO/IEO but still hyped and risky investment... personally i invest not to speculate into defi projects, but more checking long-term roadmap, credibility and business model of each project...

truly to say it's always a choice - risk or not, and as for me defi is definately less risky than ieo and ico) i invest in dex project also...

btw recentluy found an interesting stablecoin exchange - xsigma, did you know smth about it ?

[TofuDefi]

In reality, defi was scam since first it come in market but most of people weren't agree about this matter cause they were getting profit from it but didn't think about long term with defi.besides uniswap is the main culprit behind this scam. Cause they always help defi token to get launch by them.you can sew, almost all of defi scam is launched by uniswap than other exchange.so stay aware from uniswap

DeFi is not scam, it's quite prominent technology. But because it's young a lot of shit happens.

UniSwap is a decentralized protocol. Anyone can add their token to UniSwap without any permission or approve from Uniswap team.

[JHORN]

Shit happens, it's the way of life, I'm sure that those who fell for the scam must have learn something right now, DeFi is hot cake and that's why scammers are building their own scam DeFi projects, this is normal and for those who aren't careful or always too eager to make money I pity them because they only learn when bad things happened

[Greatdev]

You will always get caught in the mud if you hold unto a new DeFi projects for long unless they are high quality DeFi projects, if you don't know how to detect one is better to treat all DeFi projects as short term opportunities, invest what you can and exit when you've made few profits

[sgenuine]

The decline in the value of DeFi coins caused a decrease in the number of transactions with them. Approximately 900,000 transactions are made per day. Although earlier that number was close to one and a half million. The profit of Ethereum miners from commissions with such assets fell.