What are the risks of investing in DeFi and how can we avoid them?
Nowadays the risks of investing in DeFi can be something that we can’t accept, many of us know the SOLANA ecosystem and what happened with the Luna Terra cryptocurrency guys, this cryptocurrency had a price of 50 US dollars and in just a few days it went down to less than 0. 001 US cents, I have read some news that assure that many people are no longer with us because of this guys, whenever we make an investment we have to keep in mind that we can lose the money guys, all investments in the world carry risks, that’s why I always recommend to allocate our money to start a startup.
How can we prevent losing money in DeFi investments?
Simply many people want to invest in this type of projects because they are very juicy in the future and offer a good APR and can generate good profits, but we must take into account many aspects before investing in small DeFi, investments of this type can cause losses of up to more than 100% of our capital and one of the most common scams or the most common mistakes of investors is that they do not know where they put their money, yes according to many people say that a DeFi platform is totally legitimate and I can really believe them guys, but really the cryptocurrency or token in which we are investing our money is totally legitimate? This is a very important point to keep in mind guys, this can be what can cause losses.
Some very common examples are the tokens that are called “Fomo”, this type of tokens usually have very high daily returns and many people fall for this type of scams.
Conclusion
Guys we must know in which token we are investing our money this is not something simple to say, it is preferable that we do not make this type of investments if we are not well educated in this matter, it is something very interesting but we must know very well what we are doing guys.
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