Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: The Legend on November 24, 2020, 05:24:34 AM
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Now a days DEFI projects are everywhere, in a single day there are hundreds of new project born. And 80% of them are trying to steal our money and run away. Even it is very difficult to figure it out a good project, because most of them have same concept + anonymous team.
What is your opinion or suggestion about DEFI ?
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The amount of DeFi project is currently the highest. New projects are being created every day. Some teams will steal money in the name of DeFi, will scam. But now DeFi has not scandalized most of the projects. Most projects are currently being successful, but investors are not benefiting. At first the situation was very good. So be aware of the new DeFi.
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Some popular defi always trustworthy to invest and some have better future value . YFI (yearns finance) is very important and popular DeFI. One can invest in YFI and would get benefits.
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The DeFi project suddenly became very popular. This is why investors were overwhelmed. But it turns out that there are a lot of risks here. Yet people have been investing here. But some projects called DeFi have been scammed. If it continues like this but people will not invest in it anymore.
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Now a days DEFI projects are everywhere, in a single day there are hundreds of new project born. And 80% of them are trying to steal our money and run away. Even it is very difficult to figure it out a good project, because most of them have same concept + anonymous team.
What is your opinion or suggestion about DEFI ?
I have no doubt that DeFi as a phenomenon is a revolution. And even if this technology is not implemented well enough, it will certainly change our future. We are now working with a new technology that cannot yet be called secure. We need to be aware of all the risks, and work only with proven services.
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Actually projects development and future development depends on projects owner Management. If they wants to develop projects in better position, value , services then it future value would be high. If not projects Will turn to be shit.
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The DeFi project suddenly became very popular. This is why investors were overwhelmed. But it turns out that there are a lot of risks here. Yet people have been investing here. But some projects called DeFi have been scammed. If it continues like this but people will not invest in it anymore.
DeFi projects have made some contribution to the development of cryptocurrency. New opportunities have appeared in the cryptocurrency market participants when working with finance, and this is the great merit of DeFi projects. As for fraud, it is still a constant companion of new successful directions in the development of cryptocurrency. Therefore, you should always be very careful with new projects. Unfortunately, however, despite any scrutiny, there will always be a significant amount of risk involved.
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No doubt about DeFi. Will remain as technology in the future. DeFi will improve even more. The total amount of assets in the market will increase. DeFi projects will be much more successful. The more the day increases, the more the demand will increase. Those who patiently hold on to DeFi tokens will benefit. DeFi will be much better for the future though.
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At the present time, it is seen that people are leaning more towards DeFi. That's why they got more opportunities. Therefore, if you want to invest here, you have to understand it, otherwise there will be more chances of loss.
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Currently DeFi is very popular. The condition of DeFi projects is very good. Investors prefer DeFi for great results. Financial services are most needed to add more investment. As financial services are much more active in DeFi, it is constantly attracting more and more people. So DeFi has a beautiful and bright future.
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Some popular defi always trustworthy to invest and some have better future value . YFI (yearns finance) is very important and popular DeFI. One can invest in YFI and would get benefits.
Yes brother you are right. At present YFI has gained a lot of popularity. Another surprise at the moment is that the price of YFI is almost double that of Bitcoin. Undoubtedly I can say that it is much better.
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I have actually noticed in the market that the price of YFI is double that of Bitcoin. And what I've noticed is that DeFi is very popular. Another thing I noticed is that DeFi is investing the most these days.
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Unfortunately DeFi does give way to many many scams. The best we can do is try to make sure we don't invest in projects that don't seem legit.
Many people are enthusiastic about DeFi but it's mostly people who are already familiar with the world of cryptos, at least from what I've seen - most people who invest in other markets are not so attracted to DeFi, they are usually more open to investing in bigger coins or stablecoins.
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DeFI projects are becoming boomed in running market and most of the DeFI projects are now turning into scams projects. Dai , pickle and uniswap fake application already humpered the DeFI projects market. So investment in DeFI recently a worn of concern.
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I have seen most of Defi projects launching their pre-sale and after pre-sale promise to launch in Uniswap, and some people invested in these projects, but they lost their money because these projects are making money from investors on the name of Defi. They added their name as the DeFi project, so I suggest we should not invest in these projects.
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I have seen most of Defi projects launching their pre-sale and after pre-sale promise to launch in Uniswap, and some people invested in these projects, but they lost their money because these projects are making money from investors on the name of Defi. They added their name as the DeFi project, so I suggest we should not invest in these projects.
They are trapped a lot with fake projects, in the hope of getting more profit from the new DeFi project, if they are not careful and deep analyze then they are just wasting their money
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I have seen most of Defi projects launching their pre-sale and after pre-sale promise to launch in Uniswap, and some people invested in these projects, but they lost their money because these projects are making money from investors on the name of Defi. They added their name as the DeFi project, so I suggest we should not invest in these projects.
They are trapped a lot with fake projects, in the hope of getting more profit from the new DeFi project, if they are not careful and deep analyze then they are just wasting their money
We really have to be careful when participating in one of the Cryptocurrency projects, be it the DeFi project or other Crypto projects.
Because if we are careless, then it is true what you say we will only waste money.
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Now a days DEFI projects are everywhere, in a single day there are hundreds of new project born. And 80% of them are trying to steal our money and run away. Even it is very difficult to figure it out a good project, because most of them have same concept + anonymous team.
What is your opinion or suggestion about DEFI ?
Yes there is a huge boom on defi projects so right now projects that get through get enough trading volume and listing on mayor exchanges get to thrive others have difficulties due to bad name that all scammers are making for them but there is going to be more rating sites that will give trust scores like https://v2.unicrypt.network/locker just give it some time
Luke
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In 2020, the defi sphere attracted a lot of investors in the cryptocurrency sphere and this is very good, but of course you are right about the fact that most defi projects are scams and therefore it is very difficult to find a suitable defi project where you will not be deceived and your money will not be stolen, but still there are excellent defi projects that have already brought excellent profits to their investors and there will be more and more such defi projects.
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Emergency of Decentralized Finance has brought both good and bad. I lost valuable amount to zelonium, daoswap, aiodex and others that turned out to be a scam. I think investors should be careful while investing in Defi projects
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Don't listen to any one when it comes to financial advice, you should learn to make your own research and conclusion otherwise you may end up burning your funds and portfolio.
You should also note the risk that comes with these tokens especially when anyone can pull liquidity.
Here is my 2 cent, invest in what you can loose in DeFi, invest in the ones with high liquidity like yearn.finance, Compound and Uniswap.
Those are recognised DeFi and they are doing pretty well, no hack or loss of funds so far.
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All of this is not much different from other Crypto projects, where there is a project that is booming so it will be a target for Scammers to find prey. Likewise with the DEFI project, I also see that at this time if there are new projects that do not use the DEFI name it will be a little left out and many people are looking for the DEFI project, but we have to be careful. But in general the DEFI project has a bright future!
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DeFi is currently the most talked about topic in the cryptocurrency market. I think there will be more improvements in the future. But DeFi will never be eliminated from the market. We will see the development of DeFi after the launch of eth 2.0. So I support DeFi tokens.
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I have seen that investors invest a lot in DeFi projector. I also noticed that DeFi's coins are much more advanced and much more in terms of price. Many people have benefited a lot in a short time by investing here. When I can, I will invest in DeFi first.
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DeFi has become a 2020 phenomenon in the crypto market. DeFi tokens have shown growth by hundreds and thousands of percent in a short period of time. An example is a YFI coin. It was released in July and had risen in price by more than 130,000% by September, but the DeFi sector was greatly overvalued due to the hype, and as soon as capital began to drain, prices collapsed. Whether the market will recover will become clear only over time.
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DeFi's condition is much better. Currently, investment in DeFi projects for business is on the rise. The future is so bright that most people are starting to invest. So I think there will be examples in the future.
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Now a days DEFI projects are everywhere, in a single day there are hundreds of new project born. And 80% of them are trying to steal our money and run away. Even it is very difficult to figure it out a good project, because most of them have same concept + anonymous team.
What is your opinion or suggestion about DEFI ?
My opinion is can be good for future. Not 100% sure. Because, Many Defi coins are very high & useful and many Defi coins are useless.
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You are absolutely right. Defiproject is currently a popular. Working on this project is currently getting a good amount. Currently defi More people are investing.July and had risen in price by more than 130,000% by September,development of DeFi after the launch of eth 2.0. So I support DeFi tokens.The future ahead will be even better.
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I have seen most of Defi projects launching their pre-sale and after pre-sale promise to launch in Uniswap, and some people invested in these projects, but they lost their money because these projects are making money from investors on the name of Defi. They added their name as the DeFi project, so I suggest we should not invest in these projects.
You know we are in crypto decentralized place where we are all responsible for our own business including how to define good legit DeFi investment. It is always my concern to everybody that we must be careful to invest in DeFi. Generally, be careful always of what you are going to do and wants to involve.
You maybe right but not all DeFi tokens are fake. Some of them are doing great and impressive performing in the market. Let me give you an example: LINK, COMP, DIA
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I am always thinking about the market. I think the big changes in the market are noticeable. But hopefully the market has started to have a good time. Currently DeFi is just one example. Has gained much more popularity. So I think DeFi is good for the future.
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Defi is very popular nowadays, and it will give us a big advantage if we are right in choosing a good defi project. But remember, usually Scammers always take advantage of popular situations like this, do your research properly so that we can really benefit from this DeFi project in the future.
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I have seen as many DeFi tokens in the market. Most DeFi tokens have been successful. Has improved a lot more. DeFi space is much richer. As a result, many investors are attracted to the market. So DeFi is considered as the best medium for investment.
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As DeFi exploded, so has Ethereum, and the cost of executing smart contracts for DeFi applications has gone ballistic. It is simply not viable to use these sites at the current costs unless you are swinging in big sums.
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Nowadays DeFi has been able to gain much more popularity. Some blockchain projects have adapted. Has been able to make many improvements. However, at present the condition of some projects is much worse. In the first case the price was within reach, later it decreased a lot. I think DeFi is best for investing.
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The DeFi project suddenly became very popular. This is why investors were overwhelmed. But it turns out that there are a lot of risks here. Yet people have been investing here. But some projects called DeFi have been scammed. If it continues like this but people will not invest in it anymore.
DeFi projects have made some contribution to the development of cryptocurrency. New opportunities have appeared in the cryptocurrency market participants when working with finance, and this is the great merit of DeFi projects. As for fraud, it is still a constant companion of new successful directions in the development of cryptocurrency. Therefore, you should always be very careful with new projects. Unfortunately, however, despite any scrutiny, there will always be a significant amount of risk involved.
Definitely it is right. There is always a significant amount of risk that is envolved.
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Currently the defi future of the project is very good. This project has suddenly gained a lot of popularity. Many people invest here.In the first case the price was within reach, later it decreased।.July and had risen in price by more than 130,000% by September, When I can, I will invest in DeFi first.
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Currently the defi future of the project is very good. This project has suddenly gained a lot of popularity. Many people invest here.In the first case the price was within reach, later it decreased।.July and had risen in price by more than 130,000% by September, When I can, I will invest in DeFi first.
That is the point. The new invention is gaining ground all over the world and it's only a matter of time for it to be a major competitor for centralized finance. Defi innovation is unique and it's con concept is profitable for both investors and project developers
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DeFi is great for our future, so those who don't like being centralized can opt for DeFi...
CeFi is not very good since there are many manipulation loopholes. although currently there are so many DeFi circulation, enthusiasts can choose according to their needs.