History will be repeating itself, invest wisely.

[cassavachips]

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

[1715487397]

1715487397

[1715487397]

1715487397

[distr@yopmail.com]

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

it's not just new projects that take advantage of DeFi trending moments. some old projects have also started making their updates with some collaborations taking advantage of the market momentum and DeFi trends. but what just happened to sushi, seems to provide a valuable lesson for all of us.

[sallasvve]

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.

Maybe I was the only one who thought your words were a mother's instruction. Wear a hat in winter, son. Eat spinach soup!

Of course, investors of various Defi projects understand that this is another soap bubble. However, as always, everyone hopes that they will have time to earn and withdraw their capital before the explosion happens.

The hope that they can get generate huge profits is the main reason why a lot of these investors are taking the risk. Even some of them don't have the idea how this project will go or what kind of foundation it has. They do care only about how much it will rise in the market and so they can get high gains. But more than likely, a lot of them will be burned once this hype is over. I don't believe that they really have strong foundation to begin with. Just my 2 cents here.

Everyone should have a sound approach to risk management. If I see promises of a profit of hundreds of percent per month, then I understand the high risks and I will not invest in such projects. It will take some time and the forum will be filled with stories of those people who lost their money, but they will be to blame for the fact that they took too much risk.

[poodle63]

I wonder you are talking about being choosy and selective when deciding to invest because not all defi projects are fake or scam because of the open ecosystem and also defi has big role to plwy in future financial sector. Yes you are right that only small percentage of projects will dominate while others will struggle or fade away.

I think what he meant is that people are crazy about DeFi projects and investing without doing some research or even understanding the project and in my opinion that's what happening nowadays and yes, only small amount of projects gonna make it long term and the rest probably fail mid-way so that's why people need to invest wisely to pick the best of the best projects.
People are really into DeFi project probably because it always give profit but its not gonna be like that forever.

[Twinkledoe]

I wonder you are talking about being choosy and selective when deciding to invest because not all defi projects are fake or scam because of the open ecosystem and also defi has big role to plwy in future financial sector. Yes you are right that only small percentage of projects will dominate while others will struggle or fade away.

I think what he meant is that people are crazy about DeFi projects and investing without doing some research or even understanding the project and in my opinion that's what happening nowadays and yes, only small amount of projects gonna make it long term and the rest probably fail mid-way so that's why people need to invest wisely to pick the best of the best projects.
People are really into DeFi project probably because it always give profit but its not gonna be like that forever.

Because people are for short term profit from these DeFis. Most of them are not looking about the background or foundation or capability but the hype surrounding it. As long as they can get profit, they don't care about the structure of the project. But if they get rekt, they blame that the project is fake. So the decision lies on the investor himself, not the project. They can always choose which project to support and shell out their money.

[abel1337]

I wonder you are talking about being choosy and selective when deciding to invest because not all defi projects are fake or scam because of the open ecosystem and also defi has big role to plwy in future financial sector. Yes you are right that only small percentage of projects will dominate while others will struggle or fade away.

I think what he meant is that people are crazy about DeFi projects and investing without doing some research or even understanding the project and in my opinion that's what happening nowadays and yes, only small amount of projects gonna make it long term and the rest probably fail mid-way so that's why people need to invest wisely to pick the best of the best projects.
People are really into DeFi project probably because it always give profit but its not gonna be like that forever.

Because people are for short term profit from these DeFis. Most of them are not looking about the background or foundation or capability but the hype surrounding it. As long as they can get profit, they don't care about the structure of the project. But if they get rekt, they blame that the project is fake. So the decision lies on the investor himself, not the project. They can always choose which project to support and shell out their money.

TRUE! Most traders are just riding Defi hype. As we see there are many traders that are trading Defi's even its background is certainly unknown. Everything is just for profit, I can compare it in pump and dump groups that don't care what token is their target but they all do have the same end goal which is profit. It just depends on the trader if he will bail out fast or late.

[traderethereum]

I wonder you are talking about being choosy and selective when deciding to invest because not all defi projects are fake or scam because of the open ecosystem and also defi has big role to plwy in future financial sector. Yes you are right that only small percentage of projects will dominate while others will struggle or fade away.

I think what he meant is that people are crazy about DeFi projects and investing without doing some research or even understanding the project and in my opinion that's what happening nowadays and yes, only small amount of projects gonna make it long term and the rest probably fail mid-way so that's why people need to invest wisely to pick the best of the best projects.
People are really into DeFi project probably because it always give profit but its not gonna be like that forever.

Because people are for short term profit from these DeFis. Most of them are not looking about the background or foundation or capability but the hype surrounding it. As long as they can get profit, they don't care about the structure of the project. But if they get rekt, they blame that the project is fake. So the decision lies on the investor himself, not the project. They can always choose which project to support and shell out their money.

The DeFi project helps people to make money by investing in the project for the short term.
I think it's like what we did in the past when the ICO launch and make hype at the market, and people realize that if they can join the project, they will have a chance to make money.
Now, that is proven with many DeFi which can works for people to recover their losses from a long time ago slowly.
But that DeFi trend will not stay forever, there will be the end of the trend, and like usual, it will be replaced by the other new trend.
So I agree with the title, invest wisely while you can.

[Shasha80]

I agree that history will repeat itself, what happened in 2017/2018 should have given us valuable lessons.  That investing in crypto does
have a high enough risk, so we should be wise when investing. Don't because there is hype on DeFi projects this year, think all DeFi projects
are good for investment. We can see what happened to the SUSHI project that has hurt many newbies, so my advice is always to do research
and analysis before choosing coins for investment. Don't follow other people's opinions, just trust in our own abilities.

[blogergoods]

https://www.blogergoods.com
he then shot a very last-spherical 76 on the carmel, ind., path on wednesday to finish in a tie for 2nd with a 4-over 220, 4returned of winner john marshall butler.i played super,” daly ii advised the indianapolis megastar. “it'd had been cool to win, however i still have time. just a couple horrific 3-putts each days, however apart from that i played incredible.

[wildflower18]

Many people have flocked to invest in the Y family but I am not interested. Sometimes I have thoughts of regret for not being able to enter, but it's even more regretful if I end up getting a scam because I'm the type of person who prefers long-term investments. I still belive what I hodl right now, top 20 coinmarketcap still my fav.

Well, good thing you are also for long term investment as others are also go for this hype not thinking that they will lose some money. Those experts in this industry already know how crypto behaves. So we should really invest wisely and take a lesson from the past.

[sallasvve]

I wonder you are talking about being choosy and selective when deciding to invest because not all defi projects are fake or scam because of the open ecosystem and also defi has big role to plwy in future financial sector. Yes you are right that only small percentage of projects will dominate while others will struggle or fade away.

I think what he meant is that people are crazy about DeFi projects and investing without doing some research or even understanding the project and in my opinion that's what happening nowadays and yes, only small amount of projects gonna make it long term and the rest probably fail mid-way so that's why people need to invest wisely to pick the best of the best projects.
People are really into DeFi project probably because it always give profit but its not gonna be like that forever.

Today, the first serious scams on the market of defi projects began. You can Google about the Yfdexf Finance project, whose developers raised $ 20 million and disappeared with the investors money.

[akram143]

They will say high returns but at the end people struggling to get back their capital atleast.

I don't think anyone is going to learn from others mistake in 2017 and 18 ICO investment so they will learn it by themselves when they lose their money on Defi projects in 2020.

[xOdiumNostrumx]

The thing is that smarter investors, who have been in the crypto space for a while, will know when to enter and when to exit those yield farming shitcoins and make a ton of money along the way, but on the other hand, newbies or less experienced folks will follow the hype and get rekd every time and this will ruin their whole crypto experience.

[Bezobraznike]

Just like ICO, proof of stake,masternode, IEO and DEFi. The trend will come and go but few survive the jungle.

   This is true, and it's on us to recognize the trend and take the best from that period. Just some will survive and become
successful in the long-term, we need to be careful and research all projects before we invest money. Nothing is risk-free
in this world, so we need to risk with some investments, to believe in them when hard times come, and hard times will come
and just the best and the strongest ones will survive.

[djmixen]

I've seen several reminders here in the forum, just like this topic now. But still, a lot of people are too greedy, they want easy money.
Most of them are impatient to wait long, and for them to get that in accordance with their belief they will join in some of the ico projects as one of the early investors for believing they can get earn big after the campaigns but mostly it's not happening, that's the truth and reality too.

[disconnectme]

I know this DEFI hype could go the way of the ICO but I think community are having their say in this, power seems to be shifting back to community instead of the VCs, most project with unfair token distribution are having their project lagged behind the once supported by community. I just want to ride this hype until the music stops

[memed97]

The thing is that smarter investors, who have been in the crypto space for a while, will know when to enter and when to exit those yield farming shitcoins and make a ton of money along the way, but on the other hand, newbies or less experienced folks will follow the hype and get rekd every time and this will ruin their whole crypto experience.

Yes, we can only differentiate between smart investors and newbies in crypto through the experience and knowledge they already have, because basically those who already have experience know how to deal with every situation that occurs, while newbies are the opposite and tend to want to get lucky faster even though it is not possible for them.

[chip1994]

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.

Chef Nomi has returned all of the $ 14 million he sold off to the victims and everything went well. even though it was his act of credibility, the interest rate Sushi was giving was just too unreasonable. The previous lending model also did not have such great interest rates, so as a natural rule, I think this Farm trend will soon collapse. we should be careful when speculating on high interest rate trends.

[Casdinyard]

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.

Indeed. It seems that it is now the re-era of projects but with different systems such as DeFi yet the ideas of most ICO projects back then and now are just the same. It is so obvious that past failed projects that uses ERC20 will migrate and try to fool investors with their upgraded system using DeFi, in which somehow hopefully that newbie investors would have initiative to take a look if the new projects are worth investing... but I guess there would only be less than a percent of projects would be successful lol.

[hrunya102]

It would be great if the hype level this time will be the same as the ICO or higher, so that bitcoin can update the ATH.