Topic: Are you going to buy into these high rising defi coins now? (Read 1318 times)
Watching the rise of these coins is a great way to gauge market sentiment and interest but buying them right now would be a panic FOMO move.
Investing in already risen project is done at a chance of luck. Most especially this DeFi projects. Once a project has taken of with a big price transformation, what I do is just to look away in order to avoid being dumped on.
The last month I had another project and wasn't watching the space and it's only today I had time to really focus on it. I figured I would buy into these high rising projects a little today even though chances are they are at their ATH. Are you going to buy into these high rising defi coins now, such as UMA, Kusama, DIA, Ampleforth, Ren, Reserve Rights, and others? Which ones do you think will go higher?
I believe there are some great ones but it is going to take a while for them to go really high. I believe pancakeswap will be really high in the future, their token is Cake and Cake looks to be promising. I am thinking of it like BNB as an example. BNB itself is not a token that means anything at all, it should be zero all by itself (well there are tons of coins that does absolutely nothing and used nowhere but still worth something so I don't know) but when BNB is tied to Binance like it is, it became something because BNB had a meaning and a huge usecase and that's why it became valuable.Same goes for Cake, it is the number one for all swaps in the binance smart chain and it looks like it is going to corner the market and not allow anyone to get bigger, and gets everyone who wants to use binance smart chain. Thats why I believe Cake will worth something decent in the future.
The last month I had another project and wasn't watching the space and it's only today I had time to really focus on it. I figured I would buy into these high rising projects a little today even though chances are they are at their ATH. Are you going to buy into these high rising defi coins now, such as UMA, Kusama, DIA, Ampleforth, Ren, Reserve Rights, and others? Which ones do you think will go higher?
Kusama and DIA have good potential and prospects...it's down a few percent right now and during a dip like this is a good time to buy. these two tokens have the potential to set new ATH records, I am very sure.
-snip-
Hey mate, your statement is confusing. Why your sentences seem contradictory among them? In the beginning, you said, "not interested". But after that, you stated, "already invested in some Defi projects". Which one is true? By the way, if you said Defi projects aren't trustable, I assume you didn't do proper research first before claiming it.
I am not interested in the Defi project and personally not suggest to anyone to buy Defi coin because they have only hype and not perform very in well the current market but only some Defi project are doing well and I already invest in these project for a long term profits . In my eye DIA Kusama, And KAVA coin are the best and give some profits in the future
I don't think I will buy defi coins at this time, even though it is currently on the rise, I am not at all interested in that situation, I think Defi coins are in transition, if the development team is unable to make a positive contribution, then the Defi coins will disappeared over time, I prefer old coins such as ETH, Litecoin, ADA, and XRP, in my opinion this coin has more potential and is very worth investing in, both long and short term, because it is listed on well-known exchanges like Indodax,
Most DEFI projects are priced higher than they should be. For this reason, I do not think it would be appropriate to invest at the moment.
Exactly for DeFi projects the exaggeration of it has not brought about much value or useful functionality for the user. I am interested in a number of big projects that have made a big splash in 2020 and may grow stronger in the near future.defi tokens are pricey because of mere manipulation of respective devs. as you can see, most of them have no reason to even exist as they are just created for the pockets of the dev. how many defi platforms have you seen to have operational services. guess, a lot of them are still in beta stage, where they will never get out of. just look at one good example - the yearn.finance. still in beta but enjoying a good run in the market. where do you think the price is coming from? do they have active services? just basic questions for you to ponder about.
for me, if i want to buy a coins, i must have a strong reason my friend, not only because of the hype,
but, the reasonable reason by combining a fundamental analyisis and technical analysis, then i will set my profit target and stop loss too
and if i think if the price already overbought i will not buy the coins because its too risky
but, the reasonable reason by combining a fundamental analyisis and technical analysis, then i will set my profit target and stop loss too
and if i think if the price already overbought i will not buy the coins because its too risky
Should be rational decision maker in case you contribute based on buildup, you may gone lose at the conclusion. Additionally in the event that you store your cash for long term investment. You can discover a great altcoin that has been trusted, I cruel the coin keep standing in spite of the fact that there is part awful news came. You may great to select ethereum which is DeFi venture comes or bitcoin that looking great in case you store your cash presently. There's a part of information about Bull Run advertise, so as you've got to be careful to select for your speculation place.
Most DEFI projects are priced higher than they should be. For this reason, I do not think it would be appropriate to invest at the moment.
Exactly for DeFi projects the exaggeration of it has not brought about much value or useful functionality for the user. I am interested in a number of big projects that have made a big splash in 2020 and may grow stronger in the near future.
Most DEFI projects are priced higher than they should be. For this reason, I do not think it would be appropriate to invest at the moment.
I won't but already established and rising DeFi coins, at least in this bull run. Instead, I would prefer going with upcoming/soon to be launched DeFi coins to enjoy somewhat ensured profits.
The best way to stay informed is to ask experts. They made it and created an article with the best crypto experts' opinions on SEC lawsuit against Ripple, what you need to read. https://experty.io/sec-sued-ripple-best-comments
Defi project in crypto market since they really make crypto to be notification by true market financial specialists yet I consider Defi market to profoundly controlled. It says their task is in beta so why this upheaval on this venture? I accept there is a gathering controlling the cost in the market so one should be cautious in hopping on this one.
Most of the Defi projects coin is now raised sharply and hitting the ATH day or the next day. Among all the yearn. finance has reached the maximum price level of above $40,000 and some other like; Kusama, UMA and REN has grown many times from their lowest level. But, currently, you can bet for only Kusama, UMA, and SNXfor further investment until Bitcoin reached $50,000.
Using the current status of the DeFi ecosystem as a ground for my answer, I don't think going for most DeFi projects are worth it. Just like in the ICO era where many exited scam, same is happening with DeFi, it is even getting worst as many of them are getting hacked which brings a big question to the growth of a system which aims to offer decentralized financial services and how it will protect its investors. Also, I think it will cost more, for many people to start seeing DeFi as a gamer they thought it would be. Lastly, assuming all is normal, I wouldn't still go for many DeFi projects when the market is favouring some types of altcoins such as Ethereum, hence that's where my funds would go.
I won't but already established and rising DeFi coins, at least in this bull run. Instead, I would prefer going with upcoming/soon to be launched DeFi coins to enjoy somewhat ensured profits.
Quote
I figured I would buy into these high rising projects a little today even though chances are they are at their ATH. Are you going to buy into these high rising defi coins now, such as UMA, Kusama, DIA, Ampleforth, Ren, Reserve Rights, and others? Which ones do you think will go higher?
investing in ath on proven coins is already risky but how much more if investing at ath on defi coins. both proven coin and defi coins can collapse when they are at ath stage but proven coins says its name .
it can get back up but what about defi ? im afraid they are going to continue until the oblivion.
Most defi projects that exist currently are still in beta, many defi projects have been destroyed when they reach ATH.
I personally prefer to invest directly in ETH rather than defi projects that promise a lot but all of that is just a lie for them (developers) to get rich quick.
I personally prefer to invest directly in ETH rather than defi projects that promise a lot but all of that is just a lie for them (developers) to get rich quick.
It says their undertaking is in beta so why this upheaval on this task. I accept there is a gathering controlling the cost in the market so one should be cautious in bouncing on this one. I don't have any arrangement to enter or purchase this coin on the grounds that the cost of this is as of now too high like it's currently around.
Jump to: