DEfi Hype Trends! This is not something you expect, go before you get stuck FOMO - page 3.

Reatim

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Quote from: Dabounty on August 13, 2020, 11:53:01 PM

I've seen a lot of old projects that changed the concept to Defi. To me this isn't great because obviously they are using the hype just to revive their project.
someone is crazy about Hype Defi! It's a red light for you, be careful before you cry get caught up in this FOMO.

I have the same feeling on This Defi projects and yes those Old projects that almost dead but now converting theirs to Defi as the Hype is really
indeed and people are being fooled investing on this.
But we knew nothing is permanent in each Pump because recently in 2018 the Hype of Altcoin already happen but it did not took a year before
fading again and many have been stocked and until not hard to recover their losses.

Quote from: chikator on August 27, 2020, 07:09:01 PM

With all the DeFi trends on every forum, this was kind if foreseeable. After all scammers and new project makers alike will find this as an oppurtunity. I guess its just up to the investors to find out if these are legit. Best of luck.

Indeed,Scammers are investors also and willing to release funds just to make sure they will lure noob and fools to invest and trust them.
We have seen many like this before so how this Defi makes difference?

Link Coins make a great growth but now staying in 15 dollars and there seems a fall happening in sooner time,OP sis correct better take your funds now or regret it later.

NavI_027

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[snip]

YAM is not yet fully concluded a scam. The project team revealed that they found a bug on the contract that's why its market cap drop down to zero. It's not that they want to robbed all the money, it just happened that an error appeared. But yeah! That was really skeptical and I'm sure its investors are worrying right now. So let's wait for the update.

The sadder part here is that fraudsters are now triggered by such error, they are now starting go back on their mission Sad

. Taylor Monahan, founder and CEO of MyCrypto, said that naive teams with good intentions will be quickly replaced by criminals via source

tabas

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Not only that, my friends, but reportedly there are already defi scam projects such as UBI and YAM. This is one example of a bad Defi project and only takes the gross profit from its investors. after a massive pump now it becomes ashes coins. and I think we should always be vigilant before investing in this Defi hype.

There will be new projects that see an opportunity to fool investors. Because of FOMO, they will take it as an advantage for them to scam. It is actually not a very new thing in the cryptocurrency space.
Every time we see new projects rising, scammers come where the investors are.

chikator

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With all the DeFi trends on every forum, this was kind if foreseeable. After all scammers and new project makers alike will find this as an oppurtunity. I guess its just up to the investors to find out if these are legit. Best of luck.

Twinkledoe

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Quote from: TheMystic on August 27, 2020, 06:18:56 PM

The hype is crazy.. Many defi projects are scams and the real ones are being hyped for profit. And the old ones going into defi, hopefully they become better in future or fade off. But one thing is sure, defi is safe, but the bad eggs are making it all look like scam and it's really making investors scared to invest. Defi is the new trend. Even binance and top cryptocurrency whales support defi.

Only few of them will rise and successfully implement their platform. I hope people are now wiser than ever and not be easily deceived by this hype. Right now, better trust the established Defi projects. But with regards to new one, you should really do your research and assessment and not fall for hype.

TheMystic

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The hype is crazy.. Many defi projects are scams and the real ones are being hyped for profit. And the old ones going into defi, hopefully they become better in future or fade off. But one thing is sure, defi is safe, but the bad eggs are making it all look like scam and it's really making investors scared to invest. Defi is the new trend. Even binance and top cryptocurrency whales support defi.

CarlosCorreia

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Quote from: Dabounty on August 13, 2020, 11:53:01 PM

I've seen a lot of old projects that changed the concept to Defi. To me this isn't great because obviously they are using the hype just to revive their project.
someone is crazy about Hype Defi! It's a red light for you, be careful before you cry get caught up in this FOMO.

I am seeing too many similar topics! I guess DeFi is really creating some hype.

My advice is to be careful with sudden changes in concept and architecture!
Some projects were thought nowhere near DeFi and are changing only for the hype. I think this could be a potential problem.
They are abandoning their original ideas (if they had any from the start) and following the trend in hope of capitalizing on the hype.

A project should have solid grounds in technology and concept. If they change out of the sudden is because they do not have confidence in their ideas/technology.

ryzaadit

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Hell yeah.

I waiting for this thread to see some people getting rekt or FOMO into the DeFi, however, there will be a billion-dollar getting a fomo on the type project of DeFi. I don't have any problem with DeFi and other things, just getting sick about new project who doesn't have their own idea to create a same idea like DeFi just because the Hype. Imagine there a hundred token with the same idea, is DeFi.

I seen enough about DeFi, however from my opinion DeFi just a lending platform with a different pronoun name with some other service giving some loan with crypto. Already tired all crypto media always talked about DeFi, DeFi and DeFi.

rhomelmabini

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Quote from: zasad@ on August 27, 2020, 03:05:27 PM

https://defipulse.com/
Investments are still growing. Now we should see a slight correction in the market, and then we should grow again.
There are many opinions that we are now in the very beginning of growth. Defi will have a fairly successful launch of Phase 0 Ethereum and a couple of good news.
Keep an eye on interesting projects and buy while they are not expensive

I think this little correction is the right time to buy something else that's cheap especially those who are something that's still a cent, who knows we'll see another IOTA in this DeFi projects just like in 2017.

Quote from: imstillthebest on August 27, 2020, 03:38:54 PM

revival projects are being discussed before and not all that are being revived go into defi and not all that go into defi can be already called a scam . what can they do ? defi is one of the latest trend now .

Well, that still depends on how strong their project is and even if they have to be revived when we see it's like a redundant project after all there's no growth will be made. DeFi may be a trend but I think some NFTs are still the thing of the future, I see a lot more strong and brighter future on those kind of assets.

imstillthebest

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revival projects are being discussed before and not all that are being revived go into defi and not all that go into defi can be already called a scam . what can they do ? defi is one of the latest trend now .

they are only joining the trend but some of them have good intentions and only wants to show the world that they do what it takes to make a comeback .

Divinespark

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Not only that, my friends, but reportedly there are already defi scam projects such as UBI and YAM. This is one example of a bad Defi project and only takes the gross profit from its investors. after a massive pump now it becomes ashes coins. and I think we should always be vigilant before investing in this Defi hype.

Yes, we must always be careful when investing in new projects in this market, which is very risky if we do not reseach them carefully. Defi is like ICOs, many new projects are taking advantage of this hype to try to steal money from investors and it will certainly bring this hype to a halt.

zasad@

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https://defipulse.com/
Investments are still growing. Now we should see a slight correction in the market, and then we should grow again.
There are many opinions that we are now in the very beginning of growth. Defi will have a fairly successful launch of Phase 0 Ethereum and a couple of good news.
Keep an eye on interesting projects and buy while they are not expensive

Wingsbtc

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Quote from: Dabounty on August 13, 2020, 11:53:01 PM

I've seen a lot of old projects that changed the concept to Defi. To me this isn't great because obviously they are using the hype just to revive their project.
someone is crazy about Hype Defi! It's a red light for you, be careful before you cry get caught up in this FOMO.

Only fools will invest in a old project that did nothing good in the past but turned DeFi out of nowhere, DeFi is good but the hype can make you do silly things and throw away your money in the process, be extremely careful

LogitechMouse

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DeFi is gaining traction already.
Investors are getting hyped with it.
Alongside with it are the scammers who are ready to scam newbie investors along the way Cheesy

.

I'm not investing in any new/old projects because there is no reason for me to invest on it and we have so many projects already that are trusted. Only ETH is right now a trusted coin with DeFi feature and nothing more or maybe there are some too but I don't trust them for some reasons.

Just be vigilant in investing. There are some scams too that are emerging and it is related to DeFI.

arufox

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Quote from: landoffaucets on August 14, 2020, 04:48:12 AM

Today I sent ERC-20 tokens to an exchange and the transaction cost me $9, are you kidding me? This huge hype around all DeFis caused such high transaction fees? Guys, how long this could work? Don´t be greedy. Roll Eyes

Ethereum transaction fee going so high, I also send transaction and fee almost $3, I think one of the reason because Defi become hype, but today ethereum gas fee is reduced and become stable.

Defi Hype Trends, but think everything before investing, Yam project is one example of why we should be careful

xOdiumNostrumx

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I dont mind the DeFi hype as it is a vehicle to quickly enrich your existing portfolio. Follow the money and exit your positions when you deem it appropriate and you are satisfied with your ROIs, but be sure not to overdo it by staying in the space for too long and be one of the unlucky ones when the whole thing collapses, which it probably will, but no one knows when, it may be months or years.

crwth

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You could take advantage of this Hype in your way, like trading with the hype. If you believe that you are choosing the right side, as the price will fall, then you short it and take profit. It's not surprising that it's taking the hype right now because it's the current trend now, a lot of people are buying BTC then buying DeFi tokens. It's better to stay out if you don't know what to do about it.

petuel

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Quote from: ?? on ??

Quote from: Dabounty on August 13, 2020, 11:53:01 PM

I've seen a lot of old projects that changed the concept to Defi. To me this isn't great because obviously they are using the hype just to revive their project.
someone is crazy about Hype Defi! It's a red light for you, be careful before you cry get caught up in this FOMO.

One of the following marketing strategies is market demand and the interest of people trying something different. Which is certain the end goal is the same as the improvement and acceleration and development of a project.

I guess its all driven by btc being almost unusable by its unreasonable fees and ill transaction time.
Altcoins are "suddenly" worth more because people realize - its easier to buy, cheaper to do it, faster to transfer, liquidity is on point. There are not so many ways to spend, but thats a matter of time, we already see alts-fiat debit cards here and there

alisonwonder

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Quote from: Yamifoud on August 14, 2020, 06:46:18 PM

Quote from: Dabounty on August 13, 2020, 11:53:01 PM

I've seen a lot of old projects that changed the concept to Defi. To me this isn't great because obviously they are using the hype just to revive their project.
someone is crazy about Hype Defi! It's a red light for you, be careful before you cry get caught up in this FOMO.

We should be careful about this scheme. The hypes that Defi brought it is something a wide market trick especially for those old and have been dead for a very long-time but it is getting alive because of this.

TBH, I shouldn't have expected this to happen because at first, I'd think that this Defi will bring something good to us but seeing those shitcoins being hypes, I'll doubt how it becomes reliable in that case. As a trader, I shouldn't have to consider this as a helping tool and I see a higher risk with this.

at least with the Defi project it can give life in the exchange, you can see from a distance of 1 month that proves that the price movement has a very good price increase. traders only need to take advantage of conditions like this to find a lot of profit.

Yamifoud

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Quote from: Dabounty on August 13, 2020, 11:53:01 PM

I've seen a lot of old projects that changed the concept to Defi. To me this isn't great because obviously they are using the hype just to revive their project.
someone is crazy about Hype Defi! It's a red light for you, be careful before you cry get caught up in this FOMO.

We should be careful about this scheme. The hypes that Defi brought it is something a wide market trick especially for those old and have been dead for a very long-time but it is getting alive because of this.

TBH, I shouldn't have expected this to happen because at first, I'd think that this Defi will bring something good to us but seeing those shitcoins being hypes, I'll doubt how it becomes reliable in that case. As a trader, I shouldn't have to consider this as a helping tool and I see a higher risk with this.

Anyway, it is farther to look at how it changes in the coming days and how it changing the market trend and live that hypes being concluded for impressive crypto development.

Topic: DEfi Hype Trends! This is not something you expect, go before you get stuck FOMO - page 3. (Read 703 times)