Is the crypto community getting lost again?

[judaspriest]

I have predicted, the Defi project will make us excited again, be it Fomo or a scam, now Fomo seems to have disappeared,
only a scam project is coming, this is a common incident, you will know this is coming

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[FontSeli]

It's easy to get lost when you see a lot green candles from these DeFi and Yield Farming tokens if you're a new player. Those investors who experienced the 2018 crash would have matured by now but that's not what the charts is telling me right now. Maybe they are also taking advantage of the ignorance of newbies.

Be safe. Don't go all in. I believe there are far more safer cryptocurrencies to play with other than these new projects popping up like mushrooms

I think that most people who invest in such projects understand the risks. However, they make investments in the hope that they will make a quick profit and have time to sell everything before the crash begins.
I do not feel sorry for such people, because it is because of them that the fire of fraudulent projects is kindled, as it was already in 2017.
Of course, there may be newcomers among such investors, so your advice will be necessary for them.

[Yamifoud]

I used not to take advantage of the hypes that Defi have caused. I can forget about the 2018 drops that most of us have suffered big losses after buying during the bullish season. Not a thing to simply trust project/s as they are listed at the Defi system because not only a few of them but many are shilling that system to scam people.

Thus, we if simply put our money into them without doing some research, it means also that we are feeding them and let them scam us. There is something we can't just ignore the current situation and the risk keeps stronger as many people taking that advantage over.

[Zazzu]

That things happen when a lot of nwbies come to the market and think like every coin is gold and go to the moon!
That is why they say ALWAYS DYOR and don't follow hype blindly, also I suggest every newbie goes to the stock market for a while and then comes to cryptocurrency, Making fast money comes with high risk!

[taunitsed]

yes since more than 90% are scams, i think we should check each project we invest in. i mostly prefer to investigate dex-es with credible business model and interesting options for liquidity providers

[taunitsed]

yes since more than 90% are scams, i think we should check each project we invest in. i mostly prefer to investigate dex-es with credible business model and interesting options for liquidity providers

but defi is more credible and transparent concept than ico and ieo was. u r right - there r a lot of scam project, and as for me dex-es are more interesting for trading and long term investment 

besides i've found an interesting stablecoin exchange based on Curve - xsigma, do u know them?

[kotajikikox]

yes since more than 90% are scams, i think we should check each project we invest in. i mostly prefer to investigate dex-es with credible business model and interesting options for liquidity providers

but defi is more credible and transparent concept than ico and ieo was. u r right - there r a lot of scam project, and as for me dex-es are more interesting for trading and long term investment 

besides i've found an interesting stablecoin exchange based on Curve - xsigma, do u know them?

are you part of that XSIGMA Shitcoin? i have checked your History and after years of not active suddenly comes out again and post multiple about this promotion ?

i think polkadot and uniswap will be in the top, and also i strongly believe in good and credible dex projects, as for now i'm researching interesting stablecoin exchange -xsigma , they are backed by  public company and have good business model

btw heard aboutxsigma , they looks nice and have a team from ripple and amazon

in this case you can check xsigma project - they are interesting and as i know the offer good returns for LPs

you might be interested in new stablecoin dex, xsigma.fi. they are backed by a public company and as far as i know have rewards for LPs

me too) i check dex projects a lot because of scam((( and btw, i found interetsing xsigma stable coin exchange, reccomend u to check  - they have good financial model and team from ripple and amazon

btw, i'm researching new stablecoin dex, they also plan to launch defi - xsigma, i like their whitepaper and they are backed by a public company

[
besides, just found new dex project - xsigma. looks credible - they have a good business model 

Just for the first Page of your Post History , you have mentioned that shitcoin for 8x in 8 posts , and what made me think malicious ? is that you are usually talking with another old account that still newbie .

are you a Shilling team for this Shitcoin?

[Shallow]

When hype is placed first above other things, or when hype is at the forefront, people tend to throw away all forms of carefulness when it comes to investing in the crypto space because what matters at that point in time is to make money, and although it works in some case, while in many cases it doesn't. The thing is, Defi came with massive hype and that was the reason why many Defi projects were pumping hard, but where are they today; many are already dead or abandoned, some have been hacked and some upcoming ones exited scam. Also, that doesn't mean there are no good DeFi projects, there are, just that they are few in number and even till today, a good number of them are still coming up with few looking good. And lastly, the hype has gone down a lot, and many people are now paying good attention to upcoming DeFi projects and asking the right questions they are meant to ask. Furthermore, you are right and people ought to be careful with new projects, and moreover there are many good coins out there already in the crypto market.

[iTradeChips]

Come and imagine that even with 10 years of Cryptocurrency, there are still many people getting into crypto and many more are knowing it through their friends and acquaintances that are already doing stuff with crypto. With this comes many charlatans who will do everything to get a quick buck out of their endeavors and will do all types of marketing and polishing their social media presence to convince these new comers to invest. It is really the job of the veterans to guide these people and make them invest only in the right projects and coins.

[Pamadar]

yes since more than 90% are scams, i think we should check each project we invest in. i mostly prefer to investigate dex-es with credible business model and interesting options for liquidity providers

I think not all cryptocurrencies are fraudulent, because until now there are still some projects, more than 10% of the projects are still very useful for many people and make transactions easier, although like that there is still a possibility of cryptocurrency scam so stay alert because it is part of risks when trading cryptocurrency.

Being furious in all aspect is very important to avoid beig victimized by those scammers.

Lots of projects around the market are potential to scam out, you need to be selective before placing your money if you intent to invest
with this industry, being alert and always updated will guard you in case you are part of the project that may runaway in the long run.

[bryant.coleman]

It is the same pattern that we observed with the ICOs first and then again with the IPOs. Now it is the turn of DeFi. If people are investing in these sort of project without any second thought, then we can confidently say that the money is not earned in a rightful way. I guess most of the users may be hackers or scamsters, who want to mix their coins so they can cash them out without anyone tracing the transactions.

[eazolan]

yes since more than 90% are scams, i think we should check each project we invest in. i mostly prefer to investigate dex-es with credible business model and interesting options for liquidity providers

but defi is more credible and transparent concept than ico and ieo was. u r right - there r a lot of scam project, and as for me dex-es are more interesting for trading and long term investment 

besides i've found an interesting stablecoin exchange based on Curve - xsigma, do u know them?

i heard they have top options for liquidity providers, really, but i'm still cheking them

[SirLancelot]

The problem with these hype times is that scammers can get in easily especially codes can be easily found on the internet, anyone can create their own coin. The hype is real I must say, there are investors who are making tons of money during the initial listings. But the thing is, most people disregard on who are the people behind the project, and so when they leave no one really knows if they are coming back, where can you find and contact them. People behind projects are floating in money, and their investors left with empty gas tanks.

Of course, there is a lot of deception now and there are practically no guarantees. All actions that we perform are at our own responsibility. Don't trust - don't mess with the crypto space. All digital currency is still so raw material. Many hope to get money out of thin air.

That idea of "these people made money with a fake coin!!!!!" type of logic creates all these problems. There are many people in crypto that doesn't even know crypto, some of them seriously thinks that bitcoin is nothing but just a way to make more money, that causes all these problems. Reality is that in the world we live in, crypto is a very valuable commodity and we should all be focusing on how to make a better one if we can, but what do people focus on? Buying some crypto with fiat, making a profit, selling for more fiat and getting out.

This is the main reason why many fall for scams as well, because they are not after changing the world or finding something better, they are all after making more money easily and if you want to focus on making money easily obviously you are going to end up losing a lot of money which is totally expected.