I've been in cryptocurrency for 5+ years and kept up with the times but I seem to be hitting a limit where I can no longer understand wtf is happening anymore. It's getting too abstract with all this DeFi stuff etc. This isn't just "decentralized currency" anymore and I think this is going to quickly go to a place where I can no longer understand it.
Is it just me or is this shit getting really complicated?
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coindesk.com
twitter.com
weird abstract smart contracts that make no sense, etc
No need to understand it. The tech is a meme.
defi is a scam. That's all you need to know.
Yes, it can make you money because it launches, immediately moons, and you can sell it, but it's a gamble made for and by indian scammers. go figure
I was like you and tried gambling 400 dollars on defi two weeks back without knowing anything besides a feeling that its all scam and I got into it p fast
Its not that complicated
honestly, I'm glad I got in way back and not now when shit is just insane. pretty comfy holding.
Yeah Im also starting to get a little confused, my general approach is that if I cant understand a project then its probably a scam
glad im not the only one.
this might help a bit
coindesk.com
>Yes, it can make you money because it launches, immediately moons, and you can sell it
Great, you just discovered crypto, stocks and finance in general