The hype is always risky who doesn't have any idea about the crypto market. Even sometimes I don't take steps if the hype is running. Now Defi is on hype and I am afraid of defi hype. I always try to make more research than before. Because So many Scam defi project already came into the market. And trading defi slowly. Every trader should carefull beacuse of scam project.
Yeah, and even scarier fact that if you even manage to find definitely-not-a-scam project you still can't be sure that hype will be there long enough for you to get profit.
I always ask myself - what if I'm investing in something that is similar to btc on $17k level.
Thats mostly the scariest mistake that I as investor can make.