RE: HIGH APY - does it make you EXCITED or discourage you from investing in DeFi Projects

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HIGH APY - does it make you EXCITED or discourage you from investing in DeFi Projects

in hive-175254 •  3 years ago 

My personal input on this is that investment makes much sense when the APY is less because investors are often not ready to gain less from their investments.

Now when we are talking about crypto investments, for me it totally wac because sometimes influencers have a way of influencing the APY of any token. For instance some time ago, Elun Musk made a publication on twitter about DOGE coin, and soon millions of people plugged in and bought it in large volume and the next moment, the price went down.

Now I think that people should always look out to know if the token is just fomo.

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Thanks for dropping by @eldecor and sharing your thoughts with me.