ERC 20 tokens took a hit these days - RIGHT AFTER news of Bithumb "raid" happened - which was right after massive pumps in the market - which we saw articles of WOW 100%+ IN A DAY type stuff... whales want a reason to move the market down so they have scapegoats of news articles to hide behind otherwise ppl ask qusetions and think its big market manipulation outright which kills trust in the space.
On a side note: These yielf farming stakings are offering insane thousands of % ROI which reminds me of bitconnect and hyip from 2017 that ppl caught on after awhile where you lock up your $$ for useless coins with the risk that you cannot back out if something goes down. First ins are generally whales and as soon as staking period is done they sell off and tank the coins. Now we are seeing copycats of the YF projects and now PEARL and TRX are doing the same thing. We'll see tons of mimics but first ins have highest power of profits here otherwise it's a gamble in my opinion. #NotYourKeysNotYourCrypto
Just some info from my own perspective. Not investment advice. #CryptoKyle
On a side note: These yielf farming stakings are offering insane thousands of % ROI which reminds me of bitconnect and hyip from 2017 that ppl caught on after awhile where you lock up your $$ for useless coins with the risk that you cannot back out if something goes down. First ins are generally whales and as soon as staking period is done they sell off and tank the coins. Now we are seeing copycats of the YF projects and now PEARL and TRX are doing the same thing. We'll see tons of mimics but first ins have highest power of profits here otherwise it's a gamble in my opinion. #NotYourKeysNotYourCrypto
Just some info from my own perspective. Not investment advice. #CryptoKyle