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Author Topic: Defi project like game pump and dump  (Read 889 times)
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October 29, 2020, 11:11:31 PM
 #101

Yep most of the DeFi projects were pumps and dumps.
Actually, pumps and dumps aren't only happening on Defi tokens but it is like a new nature on most crypto coins lately. I am not surprised if pumps and dumps happened in Defi tokens. But something special in Defi tokens, the change of pump and dump is likely faster. Also, the price gaps seem more significant than non-Defi tokens.

Lucky those people who invested early in DeFi projects where the price were cheap and those lates were unlucky unexpectedly dumped happens.
Lucky for those who can take profits and then quit from DeFi projects.
Then, they buy Bitcoin for the preparation of the next bullish o Bitcoin. I believe that smart investors must realize it and know well how to take profits from the hype of DeFi projects.

I bet most of DeFi tokens in the market are scams so be careful guys.
Do you have data? Or done some research to prove it?
If you only speculate it, I think it is better to not conclude it too early.

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October 29, 2020, 11:41:28 PM
 #102

What do you think of defi projects, most of them are only good for the short term.To make a big profit, we must enter at the right moment, if we are wrong we will lose very deeply.
you may be right & i think this is the time of defi. but important is how to chose defi project. because lots of defi are good & but at the same time many fake defi are coming .so real defi project will be boom like Link becouse this is the hype of defi.

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October 30, 2020, 09:29:53 AM
 #103

Absolutely yes mostly defi projects are like pump and dump game this is what I have observed so far with most of the defi projects and despite knowing it mostly people still investing in defi projects because of the temptation of huge profit In fact many people made decent amount of profit because they didn't miss the right moment but there are also many people who invested in defi projects and faced huge loss it's because they entered on wrong time so on this basis we may see defi projects are a kind of pump and dump game.

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October 30, 2020, 11:59:03 AM
 #104

Not all DeFi projects are scam but majority of them are pump and dump, if care is not taken you can easily get caught in the web, many DeFi offers farming and other earning ways but that shouldn't be all, make sure the DeFi project you go for have more usability available
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October 30, 2020, 03:30:09 PM
 #105

For me, DeFi projects are mostly the same projects way back before, it just received a label because of the emphasis to new projects such as those who allow lending and borrowing of cryptocurrency for users. Before, exchanges are already available, and that is already decentralized finance if the exchange is decentralized.

The problem today is that most people took advantage of the DeFi hype for greater profits, then they accused it of scam when the price falls down drastically. I can say, they are projects which are good, but the community determines whether the project should continue or not depending on how they value the tokens from the project.

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October 30, 2020, 04:27:15 PM
 #106

The price of DeFi projects are too volatile. It seems that they are more volatile than other cryptocurrencies recently. For example, yearn.finance reached 41k dollars in a very short time but its price is 11k now. Besides, we've also seen there were many fake DeFi projects too.

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October 30, 2020, 04:30:04 PM
 #107

Quite annoyed with projects like that, because they easily get large funds that should be able to develop the project to the fullest but most of the project teams are blind with money so there is always a scam after they feel rich enough with investors money.
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October 30, 2020, 04:45:14 PM
Last edit: October 30, 2020, 05:01:02 PM by flagpara
 #108

Nothing can't be Sustainable for a long time, even bull market or bear market. The same situation is also for IEO or any types of DeFi projects. The whole cryptocurrency is like a game but experience always helps you there. Until the next bullrun we should take profits from all hype projects.
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October 31, 2020, 06:10:08 PM
 #109

Defi didn't came out the way it suppose to, it should have gone up with the idea that "we are building the future of finance world" but instead the motto became "get in today, get out in 3 days and you may make 20% profit!" and looked like a scam for most of them.

On top of that when few became very good, others saw this and scammers started to make "defi projects" that wasn't anything but a website and few lines of codes changed from another one and took millions of dollars from people under disguise of defi buzzword. Hence, I do believe in the future of defi coins and projects but I do not believe on it right now, I am eventually going to pick one that I like the most and I am going to end up investing a whole lotta money into it for a long long long (min 5 years) investment, but not while it is so much hyped.
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October 31, 2020, 10:10:05 PM
 #110

What do you think of defi projects, most of them are only good for the short term.To make a big profit, we must enter at the right moment, if we are wrong we will lose very deeply.
This current DeFi hype is just like the ICO hype back then in 2017-2018,its a bubble so it won't last for long, and majority of the  DeFi projects are scam, for the past 2months they have been alot of scam, even if some are real projects, they are just pump and dump nothing else, example of a pump and dump is Hot dog Cheesy, and like you said  it's only good for a short term investment, immediately it pumps you sell and walk away, and don't look back

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October 31, 2020, 10:16:39 PM
 #111

I just want to believe it is just market correction but the hacks and scam is so alarming, however I still see more Defi project still getting on the space and get a good crowdfunding. maybe decentralized exchanges may not the important factor for Defi, I also think centralized exchanges can improve the service to favour Defi in the market. Security, teams trust and better management of pool will help the Defi

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November 01, 2020, 02:22:59 AM
 #112

You are right.
Defi pumping and dumping rate is very high. It makes a man rich quickly also make a man begger. The main component is how cleverly you invest.
If you are wrong defi make you a begger.

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November 01, 2020, 02:50:49 AM
 #113

Coin creators are only doing initiative to gather crowd's fund. This is why if you want your money to be secured in investing altcoins it may be a  better idea to invest only in bitcoin or if not try to invest in altcoins that are establish already. We know that we can get much on altcoins especially if it gets pumps up. But if you weren't lukcy most of the project will be abandon and the team managing it are good in making excuses until such time you will going to realize that the project was scam.
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November 01, 2020, 05:59:26 AM
 #114

Almost every day a defi project appears with the same concept and only gets hype for a while, just look at the tokens/coins that has soared in price and currently the price is down like a core or yfi. Playing short terms is better but you have to be careful because many projects only take advantage of the momentum to rugpull.

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November 02, 2020, 12:39:40 PM
 #115

There are various exchanges that you can use to sell ERC20 tokens, I will give a couple of advisers for you and they are okay for you to use, including Forkdelta, Idex, Probit and it can in like manner be on Uniswap which is correct presently moving, just on Uniswap I see there also Defi tokens recorded there, so the primary exchange you can focus in on and particularly like Etherdelta in the past is Forkdelta.
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November 11, 2020, 11:40:01 AM
 #116

There are various exchanges that you can use to sell ERC20 tokens, I will give a couple of advisers for you and they are okay for you to use, including Forkdelta, Idex, Probit and it can similarly be on Uniswap which is correct now moving, just on Uniswap I see there furthermore Defi tokens recorded there, so the primary exchange you can focus in on and particularly like Etherdelta in the past is Forkdelta.
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November 11, 2020, 11:45:35 AM
 #117

I treat defi as a gambling because earning in defi is also about probabilities, the volatility is so high where it can go up 100% in just hours and it can dump into -60%+ in just minutes especially if there are certain whales who manipulates the market. If a certain defi just got recently listed in an exchange, expect that the volatility will be so high so for me the risks are high and it is preferable to just put the money that we can afford to lose. We can easily lose our money especially if we buy defi where it suddenly go dump. So for me allocation is also a matter if we will going to make investment in defi. 
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November 11, 2020, 12:24:56 PM
 #118

I agree, defi is like a casino game, someone is lucky and someone is not, those who came first in the project win, and those who came before the price fell lose.

We should be aware with that, it does normally happen when it was popular due to the word "HYPE".

The risk is high, but the reward is also high if you succeed, so just play the game if you want.
IMO, investing in a more established project is still more advisable, but it's really up to investors if they want to take this high risk investments.

Every platform has its hype, it's just that it's time for DeFi hypes now.




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oprahwindfury
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November 11, 2020, 04:23:20 PM
 #119

Defi projects are the trending projects of crypto nowadays. And I got good results in some projects but if you think  this is risky but you like the project concept then investing amount should be limited. So it will be okay for both.

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November 11, 2020, 04:29:08 PM
 #120

I agree, defi is like a casino game, someone is lucky and someone is not, those who came first in the project win, and those who came before the price fell lose.
Yes, indirectly DeFi is indeed almost similar to a casino game where the winnings can only be felt by a few people and even then for the first person to enter there, while the next one always loses due to the continuous disposal of tokens in the market.
The very reason why in each participation to any investment that you are going to take, research and continue studying are very important, you are not free to any possibilities of losing your money as risk always present, your own knowledge will lessen that so better not to stop finding the right information before taking your decisions, there are still good project but it takes time no need to of rushing.
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