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

jr. member
Activity: 168
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sr. member
Activity: 1092
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Hodlers Network
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.

of course a lot of project will following the trends on crypto world, if they want to survive my friend
but now look like the hype on defi was decreasing, maybe another trends on cryptocurrency will show up, but i hope another waves on defi project will come back in the near time
hero member
Activity: 1876
Merit: 512
This was one of the sign last year that the DEFI market is due for correction, if not for the Uniswap airdrop the market would have started correcting in August but Uniswap tokens and Sushi extended it. Most of these projects changing their project plan to DEFI are just here for the hype and people are going to lose money holding them long term
member
Activity: 700
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Sovryn - Brings DeFi to Bitcoin
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.
It's a big warning sign to stay away from any project that change their ways for money making sake, it shows that they can do anything without caring about their reputations, it's same thing some projects did when kucoin exchange was hacked, they change their smart contract instantly but these projects claimed they are 100% decentralized.
member
Activity: 336
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Defi has always been mad and his predictions often came true, well, as a rule, madmen are believed, even though it could be a divorce, because one always wants to believe in unreality, in some kind of future fairy tale.))))
hero member
Activity: 2926
Merit: 640
Defi is a little different from ICO, but has a structure that is "almost" the same. what must be emphasized is that if you want to invest in a defi, especially by using DEx, you must really do a thorough research, because everyone can create tokens and also list on dex
I believe defi projects do not even require investment all that much, I have seen so many projects who just start like any regular project without getting any funding but as people keep using it, the project keeps making money on it. So instead of getting money once from investors and that's it just like ICO, defi projects figured out they could not ask for money, build something, give it to people and keep making money forever.

Some of them didn't get any money from anyone and just got funding from foundations and let it be and removed themselves because that would be true decentralized, but some of them just kept making money from the project too. I believe that is the biggest difference, defi projects needs to keep improving constantly or they will not make any profit, so people have incentive to help improve it constantly to make money.
member
Activity: 1764
Merit: 10
I also saw that a lot of many old cryptocurrency projects switched to defi and of course the main reason was to catch the hype, but this helped many top projects reach new heights and for some projects it was a good choice, but unfortunately most projects want to get more money due to the hype around the defi sphere.
hero member
Activity: 2954
Merit: 533
Leading Crypto Sports Betting & Casino Platform
i think defi is much more credible concept than IEO/ICO previously, - here even when we see a huge hype, we understand that there's a strong financial model/technical base/strategic roadmap under this particular token.  i believe defi isn't a real hype more like stable concept which will have a huge impact on a crypto market

Defi is not yet mature like ICO or IEO. There are so many scam defi around us and it's still an experimental platform with so many bugs.
Defi was getting hyped in the past and that's the fact. This time defi must have brought something useful that can create another hype again. The same thing is also happening with the ico too
legendary
Activity: 1274
Merit: 1000
i think defi is much more credible concept than IEO/ICO previously, - here even when we see a huge hype, we understand that there's a strong financial model/technical base/strategic roadmap under this particular token.  i believe defi isn't a real hype more like stable concept which will have a huge impact on a crypto market
DEFI is similar to ICO when they collected a lot of money. Many unscrupulous developers and project administrators deceived gullible users and withdrew money. Now the same thing with DEFI, advertising has turned the head of many people invest their funds and they are fraudulently withdrawn. But this is certainly not all projects, there are also high-quality products.
Defi is a little different from ICO, but has a structure that is "almost" the same. what must be emphasized is that if you want to invest in a defi, especially by using DEx, you must really do a thorough research, because everyone can create tokens and also list on dex
legendary
Activity: 2212
Merit: 1008
i think defi is much more credible concept than IEO/ICO previously, - here even when we see a huge hype, we understand that there's a strong financial model/technical base/strategic roadmap under this particular token.  i believe defi isn't a real hype more like stable concept which will have a huge impact on a crypto market

DEFI is similar to ICO when they collected a lot of money. Many unscrupulous developers and project administrators deceived gullible users and withdrew money. Now the same thing with DEFI, advertising has turned the head of many people invest their funds and they are fraudulently withdrawn. But this is certainly not all projects, there are also high-quality products.
legendary
Activity: 2338
Merit: 1124
I agree with that, because every project that follows the current DEFI system has a very high potential if we can invest in that project. and currently I also save capital to be able to participate in the project, but if I look at the Defi at this time I see it is not optimal if it is an investment in the long term.
How potential the new defi project depends on the various thing. You can't generalize if all of the defi has very big potential to be used by the investors to invest their money on it.
I should remind you that defi has more potential to be used by the scammers rather than ICO consider the scammers will always try to take it as a way to steal the money from the investors.
I believe the idea is that defi projects are very short period oriented and not years and years of investment, that's the point. For example if you got into pancakeswap very early one, you would have made some profit from it, could you still do it? Sure but it would be less. However if you did it early on, move to something newer, then newer then newer constantly chased early days of defi projects, you would have ended up as making a ton of profit. That is why short periods, like the release date of it plus 1 more week then moving to something newer makes a lot more profit for you.

There are bad ones as well but that doesn't change the fact that there are good ones too, yet the point is none of them are good for few year investment. Obviously defi is new and we will have to wait and see what happens, but that's about it, we are not going to make too much money with it if you ask me.
jr. member
Activity: 345
Merit: 1
i think defi is much more credible concept than IEO/ICO previously, - here even when we see a huge hype, we understand that there's a strong financial model/technical base/strategic roadmap under this particular token.  i believe defi isn't a real hype more like stable concept which will have a huge impact on a crypto market
also believe defi is a new concept, it will change the market. i invest in defi even in long term strategy, and  especially interested in credible dex-es
besides, i'm watching just now an interesting stablecoin dex - xsigma. looks credible, backed by a public company and they have nice rewards for LPs
member
Activity: 238
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Uniswap coin should be a good choice because as a leading DEX, Uniswap has potential similar to Binance when Binance was new.
People will start to move to DEX because DEX is easier to use. DEX is still new and when Ethereum fees get lower, people will use DEX more often.
jr. member
Activity: 48
Merit: 1
i think defi is much more credible concept than IEO/ICO previously, - here even when we see a huge hype, we understand that there's a strong financial model/technical base/strategic roadmap under this particular token.  i believe defi isn't a real hype more like stable concept which will have a huge impact on a crypto market
also believe defi is a new concept, it will change the market. i invest in defi even in long term strategy, and  especially interested in credible dex-es
hero member
Activity: 2184
Merit: 513
Moonbet.io | Web3 Casino
I agree with that, because every project that follows the current DEFI system has a very high potential if we can invest in that project. and currently I also save capital to be able to participate in the project, but if I look at the Defi at this time I see it is not optimal if it is an investment in the long term.
How potential the new defi project depends on the various thing. You can't generalize if all of the defi has very big potential to be used by the investors to invest their money on it.
I should remind you that defi has more potential to be used by the scammers rather than ICO consider the scammers will always try to take it as a way to steal the money from the investors.
member
Activity: 434
Merit: 11
Swaap
Of course, this is Defi HYIP, many projects tried to be involved in this, indicating that they are Defi and as a result, only those who do real benefit will remain in this direction
full member
Activity: 443
Merit: 100
I agree with that, because every project that follows the current DEFI system has a very high potential if we can invest in that project. and currently I also save capital to be able to participate in the project, but if I look at the Defi at this time I see it is not optimal if it is an investment in the long term.
hero member
Activity: 2338
Merit: 953
Temporary forum vacation
i think defi is much more credible concept than IEO/ICO previously, - here even when we see a huge hype, we understand that there's a strong financial model/technical base/strategic roadmap under this particular token.  i believe defi isn't a real hype more like stable concept which will have a huge impact on a crypto market

Not necessarily,,, I mean if you look at Defi it is really just a spin on the crowdloaning model. P2P loans and people charging incredible interest,,, for tokens that actually have zero value other than on speculation markets.

For me, that is never sustainable and defi models already show that this is true:)
hero member
Activity: 2282
Merit: 505
i think defi is much more credible concept than IEO/ICO previously, - here even when we see a huge hype, we understand that there's a strong financial model/technical base/strategic roadmap under this particular token.  i believe defi isn't a real hype more like stable concept which will have a huge impact on a crypto market
Defi is still experimental and it's the same like ICO or IEO. These are starting from the zero to be something useful for the community. You can't generalize that if the concept that owned by defi is much more credible than ico. Defi, ICO and IEO have their own advantages and disadvantages. Do you know that if the majority of top coins were coming from the ICOS?
jr. member
Activity: 345
Merit: 1
i think defi is much more credible concept than IEO/ICO previously, - here even when we see a huge hype, we understand that there's a strong financial model/technical base/strategic roadmap under this particular token.  i believe defi isn't a real hype more like stable concept which will have a huge impact on a crypto market
hero member
Activity: 2702
Merit: 716
Nothing lasts forever
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.
Things are turning to be similar to the ICO era. The ICO hype was crazy and I guess this time it's happening with DeFi.
People are blindly putting their money into any DeFi projects they see without even doing a proper research.
I guess people just want to get rich quick without potentially investing into projects.
This is why many people lose their money in the process of getting rich quick.
sr. member
Activity: 1435
Merit: 250
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No wonder the presence of Hype defi can turn the crypto concept wild, as developers are reviving their projects and using Defi as an investment alternative for the project itself. of course as investors have a sense of worry about the money they want to invest and not only in Hype Defi, but even applies to all forms of investment projects such as ICO, ITO, or IEO
full member
Activity: 1232
Merit: 186
we must appreciate their team found bug that be big mistake for YAM till investors thinking this is scam project. the core developer do the right after that and update their YAM to YAM2 that will increase investors confidence. let time prove YAM project scam or not , and for investors they have to decided what the thing will took.
Fair enough. Updating to YAM 2.0 is a wise move because it proves their investors that they are not reaaly into scamming since they are doing actions to solve the problem. However, I hope this will serve as a warning for all of them. They should now think twice whether they continue investing on Defi projects or not because this is a near miss incident. Overall, Defi needs to be polished further because hackers are looking to its software vulnerabilities since it is new Smiley.
hero member
Activity: 1361
Merit: 506
Every growth is followed by fall and every fall is followed by growth, which is a market cycle. When you are earning, others are loosing and paying your profit. Those who invested in DeFi at the very beginning are in a huge profit, while the rest of us starting to pay this profit.
newbie
Activity: 17
Merit: 0
Defi is one of the best project.I think people like this project.People investment this project.Defi is different project.Some time successful this project.Like a dia project successful some month.Short terms successful defi Dia project.People believe this project.So I there for I hope Future defi project believe most people.Some time defi project hype  I didn't expect.

Agree with you.. It is up to each individual to decide what is good based on the individual's ability to take risk.
hero member
Activity: 2478
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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.
Ive get into hype thats why I joined this campaign that is totally a defi product. Everyone must be careful on investing on some defi project on twitter that always set an ICO but only to trap investors.

Too many investors and traders already got victimized by fake and money grabber ICOs. I do hope traders stay away from them especially if they have an anonymous team.

Dfinance is totally different from all this money grabbing defi projects coming up by the day, their strategy and approach as a defi project is totally different, people can only get dfinance coin through a swap which means you must hold wings to get dfinace, so don't compare it with all this new defi project with no direction or purpose, this team are very experience and knows what they are doing.
sr. member
Activity: 1270
Merit: 254
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I completely agree that the DeFi market as a whole is an irrational one right now, but at the same time, some of its projects will definitely pass the test of time and flourish in the long run, so I would definitely give DeFi a chance and devote a small portion of your portfolio to established DeFi projects.
at the moment I'm just watching. I sold my Defi coins with a good profit and now I'm waiting when people will start to sell and prices will go down. at this moment I will buy again
sr. member
Activity: 2030
Merit: 323
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.
DeFi has been trending a lot recently and some people now believes that they are the best, I have even seen some people who are saying that DeFi is the future and some of them have gone as far as saying that it is going to replace the traditional banking, quite funny. Same way they have all been hyping other projects that have been around before DeFi?

All these hypes are just for them to make money and nothing else, as time goes by something new will pop up and everyone will move on, leaving DeFi behind, and also start hyping the new projects that comes out. There are good DeFi though, just don’t choose based on how much they are being hyped, just calm down and look into them and choose what’s right for you.
hero member
Activity: 2338
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Temporary forum vacation
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.

I hope more and more people shout and share about all these Defi scams. I am seeing even more scam projects now who went quiet for a year or two years now suddenly rebrand with a Defi name. Centralized projects claiming to do decentralized services? What a joke!
member
Activity: 336
Merit: 10
Its all about offer and demand just simply economy rule, when theres sugar ofcourse ant will come
Its all up to you follow the trend or not but ofcourse with little observe first 63
Every era have a hype trend
For me i just flow with the stream
but i have a rule like zombieland rule "when in doubt know the way out"
i must know the way out and not be greedy when my target has achieve
hero member
Activity: 3052
Merit: 606
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.

Definitely you are right, not that DeFi projects are bad but we should look at the FOMO effect.

Anyway, those who might fall in the wrong projects are those who didn't make their research before putting their money in a certain project, but in general, FOMO is good for the crypto market is it makes the market alive again after long bearish trend, and it looks like this year is already bullish so far, and I hope we can end bullish and consider this year a year for the DeFi projects.
full member
Activity: 1064
Merit: 101
I completely agree that the DeFi market as a whole is an irrational one right now, but at the same time, some of its projects will definitely pass the test of time and flourish in the long run, so I would definitely give DeFi a chance and devote a small portion of your portfolio to established DeFi projects.
sr. member
Activity: 534
Merit: 295
2020 will go down in crypto's history as the year of decentralized finance. Many projects that used the Defi concept have emerged, and with the passage of time, new decentralized financing projects will be launched that will enhance these protocols. Traders and investors are advised to conduct their own research because chasing the latest Defi project poses a great risk.
full member
Activity: 1750
Merit: 118
It's better to ignore any project that takes this path, it's clearly unsafe for investors, do not be fooled, not all DeFi projects are safe  
ignoring them might be a bad idea because your also ignoring the oppurtunity . ignoring is not the right word to use but be vigilant would be a better fit to it . so far there are only two defi projects that i saw that are been confirmed to be a scam  . thats low and theres a chance that you can pick a good one  .

those who aren't DeFi from the beginning are even more dangerous, be smart
no but those that are not defi then suddenly turned defi are the one that im considered more dangerous because its clear that they only using the defi name  .
sr. member
Activity: 1722
Merit: 269
The Defi Hype is not gone yet. I'm suprised by that, i thought that all the fuzz about Defi would calm down withing weeks.
But it's going on for months now and i don't see any signs  that i will stop in the near future.
Now we only need to pick the good Defi projects to invest and don't touch the plethora of bad ones.
member
Activity: 252
Merit: 11
The key to picking the right DeFi projects is not about the DeFi hype itself, there should be better utilities the DeFi project should offer, I've seen few new DeFi projects that are just DeFi, nothing more nothing less, this is a bad DeFi project for sure
member
Activity: 224
Merit: 28
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.
It's better to ignore any project that takes this path, it's clearly unsafe for investors, do not be fooled, not all DeFi projects are safe and those who aren't DeFi from the beginning are even more dangerous, be smart
sr. member
Activity: 1297
Merit: 294
''Vincit qui se vincit''
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.
Yeah, team of scammers get a chance again by riding the DeFi train. A pure pump and dump plays that investors never notice.
They are multiplying everyday after the YAM pump and dump. I hope people always DYOR before throwing money.
hero member
Activity: 1372
Merit: 503
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.
Ive get into hype thats why I joined this campaign that is totally a defi product. Everyone must be careful on investing on some defi project on twitter that always set an ICO but only to trap investors.

Too many investors and traders already got victimized by fake and money grabber ICOs. I do hope traders stay away from them especially if they have an anonymous team.
full member
Activity: 899
Merit: 101
[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
we must appreciate their team found bug that be big mistake for YAM till investors thinking this is scam project. the core developer do the right after that and update their YAM to YAM2 that will increase investors confidence. let time prove YAM project scam or not , and for investors they have to decided what the thing will took.
sr. member
Activity: 2828
Merit: 357
Eloncoin.org - Mars, here we come!
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.

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.
full member
Activity: 1232
Merit: 186
[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
hero member
Activity: 3024
Merit: 745
Top Crypto Casino
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.
sr. member
Activity: 406
Merit: 250
The Fourth Generation of Blockchain in DeFi
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.
full member
Activity: 1904
Merit: 138
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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.

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.
member
Activity: 171
Merit: 12
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.
full member
Activity: 728
Merit: 139
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.
legendary
Activity: 2660
Merit: 1261
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.
hero member
Activity: 2030
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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
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.

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.
full member
Activity: 1638
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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 .
hero member
Activity: 938
Merit: 501
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.
legendary
Activity: 1932
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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
member
Activity: 210
Merit: 12
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
legendary
Activity: 2576
Merit: 1043
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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.
full member
Activity: 1119
Merit: 206
Next Generation Web3 Casino
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
full member
Activity: 1064
Merit: 101
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.
copper member
Activity: 2940
Merit: 1280
https://linktr.ee/crwthopia
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.
newbie
Activity: 29
Merit: 0
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
sr. member
Activity: 882
Merit: 251
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.
hero member
Activity: 2828
Merit: 518
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.
sr. member
Activity: 980
Merit: 250
Of course DeFi can be said to be Hype because it can trigger price movements of all cryptocurrencies, but you must know that you only need to take advantage of situations like this to find a lot of profit because if there is no good news like this, the price of cryptocurrency is difficult to rise.
yep right, as traders we must take this hype and trend to earn profit. i see there are alot opportunity in this DEFI trend, many token or coin price rise more than 5x even that were new project in market. this is good moment to entry market again, hype coming like 2017 condition which is people invest their money alot.
full member
Activity: 1078
Merit: 104
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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.

Yes it is a big red flag for a project to change their concept to Defi just to follow up with the hype which of course is not to revive their project but for the team to make money. That means that, investors should be careful of old projects chasing after Defi hype in addition to most new Defi projects coming up nowadays. Furthermore, although people will ignore because they are after profits but it is still good to point out the truth, let everyone make their own choices.
full member
Activity: 756
Merit: 231
Lot of people really stuck in the defi FOMO for sure that is why we are seeing huge of them in very short time.Many projects were created in days and listing in the shit exchanges but still able to make really good profits.The hype will get over in real soon so long term investors stay away from these fake new projects.
Long-term investors shouldn't be friend #DeFi fomo as this will be disastrous on a long run. The current situation market of the DeFi projects is such that, investors should be careful with their hard earned money before they loose them to project hypers like #DeFi projects these days. Though I have bought some hyped #DeFi projects tokens and was able to make some good profits from my trial times with ARPAchain #DeFi project, I also did likewise to Solaris and was happy I did. Be smart enough with #DeFi projects not to get stuck with the unusual FOMO.
sr. member
Activity: 924
Merit: 256
Of course DeFi can be said to be Hype because it can trigger price movements of all cryptocurrencies, but you must know that you only need to take advantage of situations like this to find a lot of profit because if there is no good news like this, the price of cryptocurrency is difficult to rise.
full member
Activity: 1848
Merit: 158
I don't think many projects that change their focus to DeFi actually end up gaining much traction.

Not too many people are stupid enough to invest in a dead horse with a new name. I mean, I don't know anybody that stupid.

I'd personally stick to the tried and tested DeFi projects for stability, such as Aave and Compound.

There's a few good up and comers like Chromia, Orion Protocol, Meridian Network (LOCK) etc, which actually have good uses cases and/or tokenomics.

NEVER BUY REBRANDED OR REHASHED COINS UNLESS YOU PLAN TO FLIP THEM QUICK.

But there are really naive users that will buy those new DeFi projects without thinking so much. I guess a lot of people will regret later on by shelling out their money for these projects. Take for example the YAM project, they thought they found a gold mine on that one but the last couple of days, it fell down so hard I don't think they will ever recover its price. Their investments are now in jeopardy for those who bought that token.
hero member
Activity: 1470
Merit: 555
dont be greedy
I haven't opened this forum for 7 months, and it's true that for now I see the words "DEFI" in many threads. This indeed seems to be used by most developers as a popular marketing strategy today. And I really believe, this hype will definitely end like the popularity of "Dapps" last year
Immediately leave "DeFi" and get moving before you get stuck in the fomo.
jr. member
Activity: 344
Merit: 1
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

I do not think Defi is the player who is causing the increased gas fee, rather there are some other people that are manipulating the gas price so that I can benefit the miners before the ethereum 2.0 is launched. Although this is a mystery and that most surprising thing is that, the fee just keeps increasing. If anyone tries sending tokens, then such will know for sure that he is into something else.3
hero member
Activity: 3150
Merit: 636
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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're on the phase 2 of hype for projects. Before we had icos and now we had the defis. See, the hype comes when the price rises and people's interest are the same.

And that is to get in while the place is on hype and people are putting pressure to the market because of the price pumps. We had significant market cap increase and it's going to be another blow for defi investors, they had to be careful. While us, the bitcoin holders and investors, will just sit and watch how they'll go.
legendary
Activity: 2030
Merit: 1189
I don't think many projects that change their focus to DeFi actually end up gaining much traction.

Not too many people are stupid enough to invest in a dead horse with a new name. I mean, I don't know anybody that stupid.

I'd personally stick to the tried and tested DeFi projects for stability, such as Aave and Compound.

There's a few good up and comers like Chromia, Orion Protocol, Meridian Network (LOCK) etc, which actually have good uses cases and/or tokenomics.

NEVER BUY REBRANDED OR REHASHED COINS UNLESS YOU PLAN TO FLIP THEM QUICK.
jr. member
Activity: 230
Merit: 1
If you check thoroughly, there are some projects that are actually DEFI in structure but this pumps is just crazy. The name is making some investors do some crazy shit that aren't supposed to be. We are in bull cycle, when btc start some crazy correction, many will bleed the hell out. Yam did within 24hours and fall to almost zero. This is bad for everyone as some of this project smart contract aren't properly audited.
If I'm not mistaken the YAM project is dead, it can no longer be traded on their Exchange after experiencing an insane price increase at that time. this is what I'm worried about. Especially now that old projects have sprung up again and are abusing DEFi as a new tool for money laundering. I'm afraid that if this continues, investors could lose a lot of money.

The FOMO for DeFi projects is on the high side and people are falling prey to it, have someone that already lost thousands of dollars on YAM and the worst of it is that he isn't giving up, he is hoping that he will see another that will help him recover, WTF wake up guys, DeFi is a trap
member
Activity: 1260
Merit: 21
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.

Yeah I have seen it too, suddenly the project is now defi, wtf, are they going to change all the plan of the projet to suit that of the new defi? I think any project suddenly switching from original concept to claim they are defi should place under serious observation.
full member
Activity: 887
Merit: 100
If you check thoroughly, there are some projects that are actually DEFI in structure but this pumps is just crazy. The name is making some investors do some crazy shit that aren't supposed to be. We are in bull cycle, when btc start some crazy correction, many will bleed the hell out. Yam did within 24hours and fall to almost zero. This is bad for everyone as some of this project smart contract aren't properly audited.
If I'm not mistaken the YAM project is dead, it can no longer be traded on their Exchange after experiencing an insane price increase at that time. this is what I'm worried about. Especially now that old projects have sprung up again and are abusing DEFi as a new tool for money laundering. I'm afraid that if this continues, investors could lose a lot of money.
member
Activity: 560
Merit: 26
If you check thoroughly, there are some projects that are actually DEFI in structure but this pumps is just crazy. The name is making some investors do some crazy shit that aren't supposed to be. We are in bull cycle, when btc start some crazy correction, many will bleed the hell out. Yam did within 24hours and fall to almost zero. This is bad for everyone as some of this project smart contract aren't properly audited.
sr. member
Activity: 2520
Merit: 280
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Lot of people really stuck in the defi FOMO for sure that is why we are seeing huge of them in very short time.Many projects were created in days and listing in the shit exchanges but still able to make really good profits.The hype will get over in real soon so long term investors stay away from these fake new projects.
hero member
Activity: 2996
Merit: 598
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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.

People investing in any new DeFi based projects be sure that you already invested on some of the most stable DeFi in the market, there are a lot of new DeFi now if you invested on stable Defi, you know what to look and expect on these new DeFi that are coming up educate yourself if they are real DeFi and with a good team behind.
legendary
Activity: 1932
Merit: 4602
Buy on Amazon with Crypto


The markets are going crazy.
Poloniex.com had a DOT coin crazy.
The community decided to denominate the coin and reduce its value 100 times, and traders traded the coin for $ 100-300, the price of which will be reduced 100 times on August 21  Grin
https://medium.com/polkadot-network/the-results-are-in-8f6b1ca2a4e6

now trading is stopped

https://defipulse.com/
Total Value Locked (USD) $5.24B too the moon
hero member
Activity: 1204
Merit: 502
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
member
Activity: 112
Merit: 17
That FOMO is a true pain in the butt. YAM just died and they already try to push the next DeFi coin :-/   https://cryptoslate.com/forget-yam-ethereum-defis-hottest-new-craze-is-based-literally/
newbie
Activity: 55
Merit: 0
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.
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