Quote from: Twinkledoe on September 08, 2020, 10:13:03 PM

Quote from: sallasvve on September 08, 2020, 09:55:52 PM

Quote from: Dragonfund on September 08, 2020, 12:44:23 PM

Just like ICO, proof of stake,masternode, IEO and DEFi. The trend will come and go but few survive the jungle. The recent spike in price and are all sold off with - 50% and still counting as bitcoin plunge continues.
Sushi developer left the project but I was surprised how the price bounce back when FTX founder renowned his self to continue the project. Invest wisely, most of this project will cost you nothing but loss.

Maybe I was the only one who thought your words were a mother's instruction. Wear a hat in winter, son. Eat spinach soup!

Of course, investors of various Defi projects understand that this is another soap bubble. However, as always, everyone hopes that they will have time to earn and withdraw their capital before the explosion happens.

The hope that they can get generate huge profits is the main reason why a lot of these investors are taking the risk. Even some of them don't have the idea how this project will go or what kind of foundation it has. They do care only about how much it will rise in the market and so they can get high gains. But more than likely, a lot of them will be burned once this hype is over. I don't believe that they really have strong foundation to begin with. Just my 2 cents here.

Everyone should have a sound approach to risk management. If I see promises of a profit of hundreds of percent per month, then I understand the high risks and I will not invest in such projects. It will take some time and the forum will be filled with stories of those people who lost their money, but they will be to blame for the fact that they took too much risk.