DeFi seems to be hot right now! What do you think about the future of DeFi? - page 3.

mnporter2001

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HEX: Longer pays better

Quote from: guardawallet on September 09, 2020, 02:37:53 AM

As we see, the number of people being adopted to DeFi is increasing day-by-day. More and more people are getting interested in Decentralized Finances. Few days back, we also saw the $SUSHI thing. That's the reason, we would love to know your opinion.

What is the Future of DeFi?

Defi is really a very hot trend in our crypto market, any quality project has a market cap of tens of millions of dollars. The pouring power of whales and investors is now very large so I think this trend will take a long time for it to break. In addition, this Trend defi can also help attract more outside investors to our market. surely the marketcap will increase and the investment market of new projects will grow as strong as 2017 again, I have a very good feeling about the defi trend this year, it will last and contribute a lot to the market of we.

palle11

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Quote from: Henrytrust on September 10, 2020, 04:50:47 AM

I have a feeling that Defi projects would soon become like every other over hyped coin. There's no doubt that we would be having more Defi tokens in the space, but people would come to see the project for what they really are, several exit scam are recorded in Defi projects and I know some persons are already getting tired of the Defi trend.

This is not in disputing fact as many projects too have done. In hyping times, we usually have developers with intending scam mind to take people's money and exit. It is the time of decentralized finance project to hype. It is time to be wise or better don't invest now until it is certain the one for good ROI.

Henrytrust

copper member

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I have a feeling that Defi projects would soon become like every other over hyped coin. There's no doubt that we would be having more Defi tokens in the space, but people would come to see the project for what they really are, several exit scam are recorded in Defi projects and I know some persons are already getting tired of the Defi trend.

fauxLes

newbie

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Quote from: guardawallet on September 09, 2020, 02:37:53 AM

As we see, the number of people being adopted to DeFi is increasing day-by-day. More and more people are getting interested in Decentralized Finances. Few days back, we also saw the $SUSHI thing. That's the reason, we would love to know your opinion.

What is the Future of DeFi?

I only got involved in Defi recently, and man is it a game-changer. First off uniswap completely erodes the power centralised exchanges used to have by allowing anyone to easily create and list their own coins with a liquidity pool. Centralised exchanges acted as gatekeepers in the past often over looking scams for a high fee, or blocking great projects because they couldn't afford it. Not anymore. projects like yearn and fiscus can be built and the community gets to choose. I think banks and CEXs days are numbered.

tvplus006

legendary

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To the Moon

Despite the hype created around DeFi, after it subsides, really useful services will remain on the market, and scam will disappear along with their organizers. It is a pity that scam will disappear from the market along with the money of investors who believe in DeFi.

chikator

sr. member

Activity: 406

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The Fourth Generation of Blockchain in DeFi

If DeFi would really stand up to the hype then the future should not be a problem. There are a lot of projects that are turning to DeFi right now, atleast one of them must be good right?

agis50

member

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DeFi project still seems interesting, they always create any features useful for crypto enthusiast. Seeing the progress of DeFi project in the last few months, I think DeFi project has great potential in the future. But, we must be carefully. Many developers creates shit DeFi project just to get profit and exit scam

mamesso

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Leading Crypto Sports Betting & Casino Platform

In a short time defi has become the main trending in this forum, but the pros and cons still happen, some say the hype defi is only temporary, and on the other hand there are those who have made profits in some defi projects. At the moment we don't know how long the defi hype will last, but defi has brought fresh air and aroused excitement in the crypto market, only lucky people can take advantage of it.

Argoo

sr. member

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Quote from: guardawallet on September 09, 2020, 02:37:53 AM

As we see, the number of people being adopted to DeFi is increasing day-by-day. More and more people are getting interested in Decentralized Finances. Few days back, we also saw the $SUSHI thing. That's the reason, we would love to know your opinion.

What is the Future of DeFi?

DeFi projects are admired and criticized at the same time. They really open up new opportunities for the cryptocurrency world. In particular, thanks to smart contracts, they provide the ability to conclude transactions that were previously considered functions of banks, and I especially like this. In this regard, cryptocurrency really began to compete with banks. However, new opportunities provide fraudsters with a large field of activity for various scams. In any case, the DeFi projects have given a good impetus to the development of the cryptocurrency market and this is to be welcomed.

Zazzu

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Living the truth....

When something gets hot, copycats start to show and also scam ones ,Yfi is an example, aftr that we have seen a lot of YFII or YFV , etc also SUSHI and many other scams , it is natural that some people want to take fishes from dirty water , need to be alert .

djmixen

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I'm not a fan of Defi, and I don't believe that it can bring it down the price of bitcoin in the market.
And for me Bitcoin and top altcoins in the market are the one still hot of course not Defi, maybe you are one of the
defi fanatics, isn't right?

cryptothreads

hero member

Activity: 1274

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Quote from: hatshepsut93 on September 09, 2020, 04:26:39 PM

Quote from: guardawallet on September 09, 2020, 02:37:53 AM

As we see, the number of people being adopted to DeFi is increasing day-by-day. More and more people are getting interested in Decentralized Finances. Few days back, we also saw the $SUSHI thing. That's the reason, we would love to know your opinion.

What is the Future of DeFi?

Speculators are attracted to bullish market, and high risk investors are putting their money in high risk DeFi funds. There's no actual adoption by institutions or average people, so this growth of DeFi is completely unsustainable, which means a major crash will come sooner or later and lots of DeFi projects will be trading at 5% of their peak value with no chance of ever reaching it again.

DeFi looks very similar to a bubble and can explode at any time, recently there have been hundreds of successful DeFi projects and many projects that do not have any information but are still trusted by many investors.

I think the most important thing when you invest in DeFi projects is profit and you should sell everything when you are satisfied and absolutely should not hold those coins.

Sirait

full member

Activity: 1890

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Quote from: semobo on September 09, 2020, 09:34:58 AM

Quote from: guardawallet on September 09, 2020, 02:37:53 AM

~snip

DEFI already going in the way of exit scam or at least most of the projects, so it becomes hyip to scam!

Most people have to wake up from their madness and wait for the hyip to get end to know the real potential of those projects.

agree with you, currently, most DeFi projects are going the way of exit scam. the commotion that had occurred weeks ago had started to die down.

DeFi is not hot anymore but I think the future of DeFi is still good and has great potential for mass adoption. btw, you mentioned SUSHI, I think you have to be careful with this, you should study it first because it still sounds foreign.

TimeTeller

hero member

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Quote from: hatshepsut93 on September 09, 2020, 04:26:39 PM

Quote from: guardawallet on September 09, 2020, 02:37:53 AM

As we see, the number of people being adopted to DeFi is increasing day-by-day. More and more people are getting interested in Decentralized Finances. Few days back, we also saw the $SUSHI thing. That's the reason, we would love to know your opinion.

What is the Future of DeFi?

Speculators are attracted to bullish market, and high risk investors are putting their money in high risk DeFi funds. There's no actual adoption by institutions or average people, so this growth of DeFi is completely unsustainable, which means a major crash will come sooner or later and lots of DeFi projects will be trading at 5% of their peak value with no chance of ever reaching it again.

They are just creating a DeFi project in paper but no actual foundation.
So yes, the crash is very imminent on these DeFi projects.
Only few of them will survived, the ones with real use case will survive.
But all the others will disappear once this hype is over.
So if you are an investor, need to be alert with these 'fake' DeFis.

hatshepsut93

legendary

Activity: 3024

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Quote from: guardawallet on September 09, 2020, 02:37:53 AM

As we see, the number of people being adopted to DeFi is increasing day-by-day. More and more people are getting interested in Decentralized Finances. Few days back, we also saw the $SUSHI thing. That's the reason, we would love to know your opinion.

What is the Future of DeFi?

Speculators are attracted to bullish market, and high risk investors are putting their money in high risk DeFi funds. There's no actual adoption by institutions or average people, so this growth of DeFi is completely unsustainable, which means a major crash will come sooner or later and lots of DeFi projects will be trading at 5% of their peak value with no chance of ever reaching it again.

pandanaran

full member

Activity: 1048

Merit: 101

SUSHI? if I'm not mistaken, I've heard that the SUSHI project is a scam. but I don't know the truth about the project because there is no hard evidence. but my advice, you must be vigilant before investing in the Defi project, be a wise investor and don't misplace your money in a project.

Mahanton

hero member

Activity: 2730

Merit: 632

Quote from: guardawallet on September 09, 2020, 02:37:53 AM

As we see, the number of people being adopted to DeFi is increasing day-by-day. More and more people are getting interested in Decentralized Finances. Few days back, we also saw the $SUSHI thing. That's the reason, we would love to know your opinion.

What is the Future of DeFi?

When it comes to Future talks then no man would really able to give you out the precise answer since we are all speculators here and nothing is assured when it comes to things that do happen ahead.
DeFi is hot really not just like those old good ICO days wayback but look at on where it did head down? I wont be surprised if this trend would really be just similar to ICO but for now you can
really utilize this hype for you to make profits.Just be careful on not dragging yourself into Fomo because we had already seen some defi project is slowly dumping.So be careful
if you do really like to take the risk.

Kehindem

jr. member

Activity: 199

Merit: 1

Though dont really know much about defi, but what i observed in recent time notice some project are evolving under defi, and many people seem to be interested in it, so from observation it seem its gonna have effect in the nearest future. though stand to be corrected.

Princejebs

member

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Hot plunge in red blood bath you mean Grin

Have you check Defi market cap and see the change in 7 days, you will be supprise that almost all has lost - 50% of their values. Do you you call that hot or pure scam?
I will never buy the idea of DeFi, only few has tried so far but still loses their value. The almighty link has lost closely - 40%

ije07

sr. member

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PredX - AI-Powered Prediction Market

I think for anyone not to consider new things as a guarantee for the future, I mean it's like the DEFI program is still young and we also can't conclude what the future will be like. however after I observed many investors taking short profits in the DEFI project, this is normal. A trend like this can be used as an opportunity to get short-term profits but it is risky if you can't get out before Fomo occurs.

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