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Author Topic: History will be repeating itself, invest wisely.  (Read 1010 times)
Dragonfund (OP)
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September 08, 2020, 12:44:23 PM
Merited by hatshepsut93 (1)
 #1

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.
Chukwunonso
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September 08, 2020, 12:52:43 PM
 #2

I've always chosen to stay away from high yield investments because of the intensity of the risk involved. Defi projects has no doubt been very lucrative, but we've seen crazy dumping in its value over time. Despite the trend of Defi projects collapse, more are still being established and people are buying the tokens massively.
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September 08, 2020, 01:13:46 PM
 #3

I've always chosen to stay away from high yield investments because of the intensity of the risk involved. Defi projects has no doubt been very lucrative, but we've seen crazy dumping in its value over time. Despite the trend of Defi projects collapse, more are still being established and people are buying the tokens massively.

Because people think they can earn a lot if they invest early in a project that's why many of them invested even they know that this is also a high risk invesment . That -50% is a wake  up call that it can also happen to every defi  project -50% is too much lost in normal investment they should always think carefully  before investing or else they can lost a lot investing in new hype project.

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September 08, 2020, 01:19:30 PM
 #4

We need to reduce greed and consider it carefully before investing. I believe that there is nothing good or free that is easy to buy so we need to have an objective view of the market. Currently, the projects are increasing in value too quickly and the risk of investing at the moment is enormous. Those who have not invested in the previous months should wait rather than invest now.

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September 08, 2020, 02:56:58 PM
 #5

Thats true mate, history keep repeating itself and it happened before it will happen again today same as 2017-2018 Bullrun when many people getting the FOMO trap and buy every coin/token that they believe was good and suddenly the market is crashed and many investors were affected and left the crypto space its the same in today's Defi crazed after the market is crash many investors left the crypto space as well.   
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September 08, 2020, 03:41:04 PM
 #6

Only a fool will think this growth on DEFI is sustainable, any investment you make and you are able to double your money, take your investment and let the profit run. We saw how the 2017/2018 went, investment of $10k is less than $10 now and most of these prices won't come back to their ICO price because there are a lot of bagholders waiting to dump on you

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September 08, 2020, 03:59:16 PM
 #7


For experienced ones, the recent DeFi hypes should be manageable but the thing here is, people don't stop risking that's why if there's a chance, they will grab it. Others succeed in riding the wave but unfortunately, not all have the same result.

For beginners or new players in crypto, I don't want to blame them for their losses or riding the train late since that experience served them as a lesson. Surely, they will now know how to play with the risks once they are in the same situation again.

Hype will be here forever. This is a part of any investment be it on crypto or not. DYOR sometimes didn't work, as no doubt, there are projects that unpredictable. So the key here is the right execution of strategy without the involvement of emotions. A hard task to apply though so it's a challenge.

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danherbias07
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September 08, 2020, 04:06:33 PM
 #8

I said it also in one of the threads here.
It is about hypes but there is no difference.
This discussion will also end up there.

DeFi had been like the talk in social media outlets.
Luckily, it is not yet the number 1 trend in Twitter.  Grin
It's starting, scams left and right. Give it 3 more months and we will see more.

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September 08, 2020, 04:23:33 PM
 #9

People have still managed to make a killing out of this massive hype and defi trend.
Everyone was perhaps aware that these projects will not be sustainable for long so they just gambled it considering the fact that the prices were flying and in the end some were winners and some losers but rest assured the good quality projects will sustain and survive through all this for sure.

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September 08, 2020, 04:39:58 PM
 #10

fiscus will be like this is a few months. Dont say I did not warn you! fiscus.fyi
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September 08, 2020, 04:40:57 PM
 #11

Already the Defi market is shaking due to the Sushi project exit scam and many other projects created with the same intention are also going to follow the same before the investor woke up and dump their tokens.

2020 has been the worst year so far then why invested trusted on this to become rich. Tongue
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September 08, 2020, 04:42:30 PM
 #12

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.

hatshepsut93
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September 08, 2020, 04:56:07 PM
 #13

Just like with ICO, with the eventual burst of this bubble will come a realization that DeFi isn't that useful, that it's not being used in the real world, that it's not a revolution and that the big bad traditional finance is still strong. The 2013 was the year of crypto hype, when participants thought that crypto will soon change the world, then it repeated in 2017 with blockchain technology and ICO, now it's happening with DeFi. So, maybe in 2023 there will be a new hype that will repeat this pattern for the fourth time.
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September 08, 2020, 05:02:33 PM
 #14

That is what makes most investors hesitate to put their money in the Defi project or not, after seeing the current role of DEFI as a signal, many also claim to be profitable for short-term investments and I think this DEFI Trends will not last long in the market.

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September 08, 2020, 05:09:09 PM
 #15

Almost every hype has a identical pattern. You need to join it as early as possible.
The earlier you join it the more profit you can make. Once the hype is public and covered in every news or discussed widely here in the forum, it's almost to late join.
The early and experienced investors will dump on you and leave the with a fat profit.
Those who come late get burned heavily.
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September 08, 2020, 05:20:57 PM
 #16

People should be realistic while investing. Jumping in for trend or someone endorsed a coin would not be a good idea. The supply and demand would generate the exact price. Be sure what's the supply of the coin and how much would you think it'd be demanded in coming years. If it's a yielding coin or a POS, calculate both your interest and inflation. Though people have different strategy while trading, the ones that chooses a good coin and holds till they get a good price wins the most.

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September 08, 2020, 06:45:28 PM
 #17

every trend always give birth a potential project(s), during the period of ico gave birth to amazing projects, ieo also bring in some decent project into the crypto community and now it is the defi time and I believe out of the many defi project being created not all are going to end up as bad, there will be some few outstanding ones, so there will always be a new trend to bring in new project if not how will the market grow.
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September 08, 2020, 06:51:46 PM
 #18

ICO hype in 2017 ended up with loss of capital for many investors who were holding the tokens in 2018 and later, in 2021 the same thing is going to happen and that is already started with some defi projects are getting ended up in scam.

Don't invest on hype because you are going to lose your money if you are at the end of the queue.
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September 08, 2020, 07:19:23 PM
 #19

Well said Op. It’s more than sure that history will be repeated. And very near we can see this maybe. How the Defi hype are happening in recent crypto world then, I think we will see very hard time more than past.  And Yes I saw the news of sushi project, if we don't learn and don't be wise we will lose a huge again Imo. So don’t be greedy again especially when you will interested to invest in Defi project. Be cool and wise, investigate, take some others opinion if possible then decide to invest. Always keep in mind that it’s your hard working money. And you are the man who can secure it.         

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September 08, 2020, 07:34:55 PM
 #20

hype is what make crypto marlet grow, if there is hype people invest so fresh money will come in to boost the market, even in real life there are some situations that required some kind of hype to succeed, the only thing is for investors to be mindful of the type of project to join, and most especially remove the idea of long term in this type of project.
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