@idiosyncratic1
more from that month
Welcome to the dark of De-Fi, Titan Rug-pull... This time it was a bit surprising for everyone as Mark Cuban said to be one of the liquidity providers of the platform. Within a day, the price reached $0 (Zero) in value. While Titan was quite popular in Crypto-Twitter, this rug-pull ended up the faith of token holders and liquidity providers in a day. When the market is in a downtrend (especially when the coins are testing lower lows and staying at weak support levels), it is not a wise choice to find a new gem to go to the moon contrary to the market. It's better to find out the projects that are still supported by people and the price action of the token is about to stabilize until another bull-run. I created a golden rule for myself to survive in the crypto ecosystem. If I cannot sleep well due to the high risk that I take by investing in a coin/project; I'm basically out! The market is already risky as hell, no need to turn things into a nightmare 😅 #Cryptocurrency
3 comments
Wise decision! Wasn't Mark also chilling Iron defi.. that also got rug pulled?
Ohh man. I came to noise today after reading all the post-drama comments and stuff. What a sh.tshow. Funny thing is owners claim it not to be a rug-pull but a bank run. A bank run which was almost inevitably inherent with the protocol. I didn't ape into those insane APRs, but did throw around $20-$25 just not to be left behind the hype lol.
I keep away from new investments in this period and capitalize on the projects where I am involved form more than 1 year, simply compounding, staking and other means to gather more tokens!