After Sushi Dump CZ reply with Highly risk especially on Defi project ?? Agree ?

[Denies Distro]

I saw what cz said at the World of Defi event earlier and I don't think he was wrong and I agree with him, it's just that I think he shouldn't do a listing project like sushi earlier because I think it's quite terrible to list a project that has an anon team on major exchange like binance, and cz should fix this by listing defi tokens that have a real team.

[marilynmanson21]

The reason why Defi become so hype nowadays, is because people know that the price of many Defi coin/token in the market is just rising up by a lot, not only 5-10%, but the price is up by over hundred percent, even some of them are up by thousand percent on it's price. Investing on Defi coin/token are basically high risk-high reward, you need to know when to buy and sell with a good timing.

[optimisticcm]

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.

[articlecity]

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

Binance has the largest userbase of active traders and investors. So the community really looks after what binance does and what they list. Because they kind of trust binance so indirectly binance's reputation is itself at stake, with what happened with sushi i just want binance team and their researchers to be more responsible and they should protect the interests of their traders and investors rather than always chasing for profits for themselves.

[Mahanton]

Well, every project have risk, but not all project have a high risk.
Sushiswap is a new project, so we still don't know whether the project is good or just a hyped project.
The dump happened on sushi i think it is because the price of the coin was rising high in short time, and people who bought earlier sold them to make quick profit.

You missed the news of the exit scam of around $6m which affected the whole market especially for what the DEFI had brought to the space, through the fund and confidence. You should read more on this, it is not about the price pump, moreover is not the only Defi with such a price growth.

Into these kind of sentiments just like above on where to believe that this one isnt included into those shit project category then i cant blame him off since people would have its own perception but for sure he dont
have much that kind of an experience on how thing goes into this market.Of course we cant really detect out if SUSHI is a shit project or not because it all varies on the team behind and the consideration or
support of the masses towards this.Some might see this as a good one but the truth it doesnt really give out something useful or relevance then it would surely fall into those failed project category and
sorry for those people who do bought on the peak.

[bitkanu]

Well, every project have risk, but not all project have a high risk.
Sushiswap is a new project, so we still don't know whether the project is good or just a hyped project.
The dump happened on sushi i think it is because the price of the coin was rising high in short time, and people who bought earlier sold them to make quick profit.

There's other more influencing reason that makes it gets dumped so hard other than just a mere correction. Yes I know this kind of project obviously bear a high risk and that's why some people like CZ giving a warning about it because DeFi project right now is carried by the overwhelming hype and not because the project is really worth something and that means we should really be careful on choosing a Defi project.

[kawetsriyanto]

A project with DeFi is now very popular. But it is likely a similar previous hype, where some may be successful and lot continuing to be worthy coins to trade or even invest. But some are only trash that is very risky, super risky to invest. They are heading to dead coins once they release the coins. Will be interested so much? I think deep research must be involved when really going for DeFi.

[TomArayaSlaya]

Is was quite unfortunate and really that will make sushi looks like a bad project but i still see sushi making some gains in the long run if they maintain it Most of the issues is token having higher expectation than its actual value

[TeraBite]

Is was quite unfortunate and really that will make sushi looks like a bad project but i still see sushi making some gains in the long run if they maintain it Most of the issues is token having higher expectation than its actual value

Even it recovered so quickly than expected but overall situation is not into favor of that kind of project where the founder have control large portion of the supply and can dump at any time like this. Big players are involve in yield farming projects so these days we have a lot of copy cats in the market which could bring more big disaster in future.

[Snigdho07]

Honestly I am fully agree with CZ. At first CZ himself couldn't understand the matter with defi but after that he apologised. But his apology gives us a warning about defi. Defi is now highly risky. So be aware of defi project. Otherwise you can loose your cryptos.

[zaim7413]

Is was quite unfortunate and really that will make sushi looks like a bad project but i still see sushi making some gains in the long run if they maintain it Most of the issues is token having higher expectation than its actual value

Yes, and if the sushi team continues to develop and fix some of the mistakes that have occurred, it is not impossible that sushi will survive and can bring good benefits to everyone, it's just that the team needs time for that.

[DraGonD]

Crypto is high risk industry/investment. Defi especially. Too many red flags, looks like bubble

[unusualfacts30]

I am glad he spoke his mind and hopefully, it will help him look into his business and put more research before listing any new tokens. What happened to sushi could happen any token. dumps aren't really that uncommon in crypto world. This is why it is extremely important to not go all in when it comes to new projects and calculate your risk very carefully. Exchanges aren't there to save you, they are only providing trading service for a fee. Ever after dump it continued to have huge volume and people are still trading. so, who is to blame?

[tvplus006]

Today, the founder of SUSHI returned $ 14,000,000 of ETH back to the Treasury. This means that in the near future there will be a pump of this token, the price of which may increase several times. This is how positive news on the cryptocurrency market works.

[deathcode]

Today, the founder of SUSHI returned $ 14,000,000 of ETH back to the Treasury. This means that in the near future there will be a pump of this token, the price of which may increase several times. This is how positive news on the cryptocurrency market works.

sushi is now also listed on several major exchanges. Several major exchanges have also planned listed sushi schedules in a few weeks. I think this will improve the current market. which has seen a lot of decline due to the DeFi scam event.

[FontSeli]

I really wonder how Binance posted on their exchange the tokens Sushi. As far as I know, they previously had a principle not to place anonymous coins. Once again, you can see that big money and prospects break the principles.

[retalids]

yes u r right, before any investing in defi, you should check everything about project founders, financial model, tech background etc...

[Koutami]

This definitely shows the loopholes in the system and research lacking service from Binance which was considered a difficult exchange to get listed but due to greed they have made this terrible mistake which has sort of exposed them too. I hope they will be careful from now onwards.

As far as i know, you need to have some legal paper to be listed on many big exchanges besides you need to pay several amount of Bitcoin for listing purposes, but i dont know how mechanism of this Sushi listing, its strange they didnt know who Sushi developer since Binance also need legal paper for listing as i know before. Or maybe binance get paid for shutup their mouth, i dont know.

[imteaz]

90% of DEfi projects are scams. I have lost enough money on these scam projects in the last 6 months. Only those early investors who pump and dump made the money. Most defi projects have no real coin uses, just farm and stake the coin and sell the pump. So be careful if you invest in any defi coin. I wouldn't invest in any, never again.

[Shasha80]

When the sushi token dump, CZ must have panicked and did not expect this to happen, so no wonder CZ finally defended himself
by saying that DeFi projects are high risk investments. Even though CZ does not need to say that all crypto investors already understand
that investing in crypto does have a high risk. So it was obvious that CZ actions were just panicking about what happened to the sushi token.