Be careful around massive APY projects

[joeperry]

That's only their way to lure investors, I actually do invest in that project and yes they literally have 100,000% APY or millions APY the problem is that the price of their coins or tokens keeps crashing so even if your coin generates 100,000% APY the price of it will be lower than the first you started because as the time goes by the price keeps crashing. So just stay away from those staking projects with massive APY as those are not true and will just waste time and money on that thing.

[RussianEnglishTranslation]

That's only their way to lure investors, I actually do invest in that project and yes they literally have 100,000% APY or millions APY the problem is that the price of their coins or tokens keeps crashing so even if your coin generates 100,000% APY the price of it will be lower than the first you started because as the time goes by the price keeps crashing. So just stay away from those staking projects with massive APY as those are not true and will just waste time and money on that thing.

I think that 100 APY is suspicious but 13-20%, like what you get from staking NEAR and ICP respectively, is reasonable.

[EmmaGod]

There are some percentage of APY that are reasonable but there are others that it's obviously targeted at the greedy and such has a very short span before the project locks out. If one is able to get in early, it may be to your advantage, but if not, it could be a sure way to liquidation. We need to be smart when investing and don't chew more than what you can bite.

[serjent05]

Stay away from projects with insanely high APY, 100,000% to 500,000% APY, you knew what I'm talking about, Titano, Safuu and others, invest but learn to back your initial investment first, all these defi projects are practising ponzinomic scheme. The latest is Safutinano, just know what you are doing.

I am actually avoiding this kind of high APY.  I always wonder where they will get the amount to pay for the interest of their depositors.  Besides, it was already proven that this kind of high interests is not sustainable.  I also observed that the more people participate in the reward the lower the APY becomes.

[Rengga Jati]

Stay away from projects with insanely high APY, 100,000% to 500,000% APY, you knew what I'm talking about, Titano, Safuu and others, invest but learn to back your initial investment first, all these defi projects are practising ponzinomic scheme. The latest is Safutinano, just know what you are doing.

That is why we must be always careful to trust a new project. As we know, one of the ways that are used by new projects to promote them and to invite more investors is by offering promises, one of them is the reward like APY. But, as we know that not all ew projects are exactly solid and legit. Many use the Ponzi scheme like what you said. Some use this hype for scamming the investors. And the other thing is only about shit.
Very high APY may be very exciting and tantalizing, but there are always high risks also for high profits. One of them is scam and fraud.
For me,I will prefer to choose saving or staking my coins or tokens only in reputable platforms that has been trusted and popular although it has smaller APY

[TheClownSong]

Stay away from projects with insanely high APY, 100,000% to 500,000% APY, you knew what I'm talking about, Titano, Safuu and others, invest but learn to back your initial investment first, all these defi projects are practising ponzinomic scheme. The latest is Safutinano, just know what you are doing.

I am actually avoiding this kind of high APY.  I always wonder where they will get the amount to pay for the interest of their depositors.  Besides, it was already proven that this kind of high interests is not sustainable.  I also observed that the more people participate in the reward the lower the APY becomes.

high apy with no utility was a shit, they just give us temporary return meanwhile there is no action to create demand by utility. as we see in crypto market , project that survive in market was have good utility to attract demand on market. without it impossible investors buying token or coin, they were useless .

[Jaered]

I learned the hard way to stay away. Lost a good chunk of my funds doing that even though their websites say otherwise. Then they have this huge buy and sell taxes which wipe off the little profit you must have made. So all in all, you are gonna end up rekt

[Sir Legend]

Stay away from projects with insanely high APY, 100,000% to 500,000% APY, you knew what I'm talking about, Titano, Safuu and others, invest but learn to back your initial investment first, all these defi projects are practising ponzinomic scheme. The latest is Safutinano, just know what you are doing.

The investment concept of the unreasonable APY model sooner or later will become a scam, it's better to avoid investing in the project, and if we still have assets in that type of investment then I recommend selling it immediately, I once invested in Safuu when the price was more than $200 and now the price is only about $10.

[uneng]

Stay away from projects with insanely high APY, 100,000% to 500,000% APY, you knew what I'm talking about, Titano, Safuu and others, invest but learn to back your initial investment first, all these defi projects are practising ponzinomic scheme. The latest is Safutinano, just know what you are doing.

100,000%-500,000% APY?
I'm not aware of such projects, but they look much more hardcore than the most hardcore hyips I've seen. Unfortunatelly people who go for these investments are asking to lose their money, because there aren't any guarantees they are going to receive huge interest on their funds, what is impossible anyway, considering how insane those returns are.

If something like that really existed, someone staking 1$ would become the richest man of Planet Earth after few years of investment.

[ilovealtcoins]

Stay away from projects with insanely high APY, 100,000% to 500,000% APY, you knew what I'm talking about, Titano, Safuu and others, invest but learn to back your initial investment first, all these defi projects are practising ponzinomic scheme. The latest is Safutinano, just know what you are doing.

It is impossible to serve a tasty meal for a low price, the higher the profit, the higher the risk. Best way is to stay away from them, don't try for even a few dollars, it will make you addicted or trapped if you don't control yourself. maybe they still pay you a small amount of interest but then you put all your assets into it and they disappear. so don't try and don't let them tempt you.

[19Nov16]

Stay away from projects with insanely high APY, 100,000% to 500,000% APY, you knew what I'm talking about, Titano, Safuu and others, invest but learn to back your initial investment first, all these defi projects are practising ponzinomic scheme. The latest is Safutinano, just know what you are doing.

More and more projects are strange and unnatural, it is impossible to be able to give apy up to thousands of percent even there is a project that dares to give APY up to 1000% per day, maybe at the beginning looks profitable but I'm sure slowly they will be a scam, I never dare to take risks to Invest in projects with too high risk.

[GelatikKembar]

Stay away from projects with insanely high APY, 100,000% to 500,000% APY, you knew what I'm talking about, Titano, Safuu and others, invest but learn to back your initial investment first, all these defi projects are practising ponzinomic scheme. The latest is Safutinano, just know what you are doing.

yes, that's true, indeed Defi projects by providing very large APY will have the potential for a ponzi scheme,
of course we have to avoid it even though it is very attractive to buy, there are still defi projects that are good and provide not much APY,
I think APY at least 20% or 50% is very good than 1000%.

[GreatArkansas]

High risk, high reward.
But with these kinds of projects, the risk is not worth it. To be honest, most or all of these projects with that kind of high APY are scams.
I am now impressed with the scammers, they have a lot of ways to scam, before, the old way is like Ponzi schemes, but now they are now in cryptocurrencies.

[indo1]

I'm sure some of those who invest really understand this, but they are still greedy with all the APY that has been presented. I'm sure not a few of them really regret investing in a ponzi scheme under the guise of DeFi. But it's really tempting before what has not been achieved has not been obtained to double their assets will continue to invest there regardless of the risks that will be faced.

[Bonenx14]

I learned the hard way to stay away. Lost a good chunk of my funds doing that even though their websites say otherwise. Then they have this huge buy and sell taxes which wipe off the little profit you must have made. So all in all, you are gonna end up rekt

Rekt won't be forever if you look at opportunities from several different directions and don't just look at one direction because looking for profit you must always be able to be in any condition and in any environment so that when a job makes you lose, there are other possible jobs. you can generate to recover the loss.