DeFi - the niche within a niche and incredibly small community

sangjoewara

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Quote from: CaptainDeFi on March 12, 2021, 03:32:39 AM

If we spread more content like that https://www.youtube.com/c/PEAKTechDEFI/videos more people will join DeFi community
peakdefi is doing pretty good job explaining people what is Defi, how it works and what we can expect in the future Grin

Don't you feel bored with just promoting that one thing (PEAK), even if you are willing to look for old topics to make posts about this, even dozens of times you make posts in one day just about that, I feel very surprised by the way in your mind, if this is the way people don't like it more, but instead hate it.

CaptainDeFi

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If we spread more content like that https://www.youtube.com/c/PEAKTechDEFI/videos more people will join DeFi community
peakdefi is doing pretty good job explaining people what is Defi, how it works and what we can expect in the future Grin

tyz

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Quote from: Arkann on September 23, 2020, 12:27:58 PM

Quote from: tyz on September 23, 2020, 10:59:14 AM

Quote from: DoubleEdgeEX on August 08, 2020, 03:41:52 AM

If that is true, DeFi is like a sandbox game, with a very limited amount of players actually playing. Observing this from outside the crypto bubble it´s concerning that DeFi, while a good idea and worth investing, has such a small holders community.

Could that be a problem in the long run?

For me, DeFi is nothing else than ICO 2.0. So it is possible to learn from the experience of the ICO hypes of 2017 and 2018 and transfer this to DeFi to a large extent. At that time it was also the case that the very largest part of the ICO project was in the hands of only a few. Only a small part was really sold to small investors and given as bounties. This pushed up the price and kept it high for a while. After the peak of the ICO hype had been reached and it was clear to most that this would no longer work well, the few then dumped their shares, which then led to the enormous losses in value and for many such projects virtually the downfall. The same will happen when the DeFi bubble will burst sooner or later. Maybe not as blatant as three years ago, but similar.

You are absolutely right and I also believe that there is a certain similarity between the ICO and the current DeFi project, especially their main similarity is that in a short period you can earn very big money if you invest your funds correctly. Some DeFi projects have already managed to show almost 1000 percent growth in price to date, and you need to be careful, because the trend can change very much.

Not only that, there are also examples of Scam-DeFi projects which suddenly showed up in Telegram channels without having a whitepaper, a PoC and roadmap promising an airdop which could only be conducted when a certain amount of money is collected before, and after the money was collected (I still wondering who sends money to such scammy projects) the project disappeared.

bitbollo

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the hype is the same as ICO in 2017. This is good for the whole community since new users are attracted to crypto coins.
I think there is an important difference between ICO and DeFi. Since behind an Initial Coin Offer there is just a new way to launch a cryptocurrency.
Some project "DeFi" have implemented new idea/new protocols, probably isn't just an hype, and probably we can wait for evolution of the concept with more sophisticated project in the upcoming years.

electronicash

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defi tokens are already in the market that anyone who has interest can invest to it to join the number of investors who enjoys its benefit. i don't think it will be problem for you if you just join at the right time. while every tokens right now dips including btc, it must be a heaven's sign for you to jump into the project if you plan to profit in the long run. if there is something to gain, it should just be taken advantage than just ignoring the possibilities.

the community is not going to stay as small as it was after the dip. the people in the DEX community are often just small but after defi protocols had been developed, the daily volume of the market reaches up to billions of USD. uniswap is an example of this.

jostorres

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The reason why the prices go up so much is the fact that there are owners and friends of owners and so forth that holds so much, so there is very little amount left to distribute and the owners and so forth make it high price enough that they could sell and rebuy and make it stay high, so that the price would look big but the reality is the liquidity is very very low.

Pick any coin you want, any defi coin out there in the whole world, and check how much is there for liquidation, if you wanted to sell all you have how much would it take to sell to everyone to make the price go up or down? And check any other traditional coin, like eth for example. You will realize that it is not even close, for few million dollars you can buy it as a whole in defi whereas it takes billions of traditional ones.

Arkann

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Quote from: tyz on September 23, 2020, 10:59:14 AM

Quote from: DoubleEdgeEX on August 08, 2020, 03:41:52 AM

If that is true, DeFi is like a sandbox game, with a very limited amount of players actually playing. Observing this from outside the crypto bubble it´s concerning that DeFi, while a good idea and worth investing, has such a small holders community.

Could that be a problem in the long run?

For me, DeFi is nothing else than ICO 2.0. So it is possible to learn from the experience of the ICO hypes of 2017 and 2018 and transfer this to DeFi to a large extent. At that time it was also the case that the very largest part of the ICO project was in the hands of only a few. Only a small part was really sold to small investors and given as bounties. This pushed up the price and kept it high for a while. After the peak of the ICO hype had been reached and it was clear to most that this would no longer work well, the few then dumped their shares, which then led to the enormous losses in value and for many such projects virtually the downfall. The same will happen when the DeFi bubble will burst sooner or later. Maybe not as blatant as three years ago, but similar.

You are absolutely right and I also believe that there is a certain similarity between the ICO and the current DeFi project, especially their main similarity is that in a short period you can earn very big money if you invest your funds correctly. Some DeFi projects have already managed to show almost 1000 percent growth in price to date, and you need to be careful, because the trend can change very much.

tyz

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Quote from: DoubleEdgeEX on August 08, 2020, 03:41:52 AM

If that is true, DeFi is like a sandbox game, with a very limited amount of players actually playing. Observing this from outside the crypto bubble it´s concerning that DeFi, while a good idea and worth investing, has such a small holders community.

Could that be a problem in the long run?

For me, DeFi is nothing else than ICO 2.0. So it is possible to learn from the experience of the ICO hypes of 2017 and 2018 and transfer this to DeFi to a large extent. At that time it was also the case that the very largest part of the ICO project was in the hands of only a few. Only a small part was really sold to small investors and given as bounties. This pushed up the price and kept it high for a while. After the peak of the ICO hype had been reached and it was clear to most that this would no longer work well, the few then dumped their shares, which then led to the enormous losses in value and for many such projects virtually the downfall. The same will happen when the DeFi bubble will burst sooner or later. Maybe not as blatant as three years ago, but similar.

abel1337

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Quote from: chikator on September 23, 2020, 10:27:47 AM

Quote from: DoubleEdgeEX on August 08, 2020, 03:41:52 AM

Most DeFi tokens are concentrated in hands of Top 500 Holders! https://cointelegraph.com/news/analysis-most-defi-tokens-are-concentrated-in-hands-of-top-500-holders

If that is true, DeFi is like a sandbox game, with a very limited amount of players actually playing. Observing this from outside the crypto bubble it´s concerning that DeFi, while a good idea and worth investing, has such a small holders community.

Could that be a problem in the long run?

If what youre saying is true then yes it would be a problem in the long run. With so few big holders they could manipulate these coins to their whims in the future but then again, dont all coins? Even on coins that we have frequently nursed in our wallets, big holders still manipulate those markets. Just dont mind it i guess if you really believe on your project.

We can't really expect that DeFi will have a long run. We know that this market trend is just hyped and sooner or later this hype will be extinguished. Big players are enjoying the every profit they can get as much as possible because I'm sure they know that this is temporary and they won't hodl trash tokens that has no foundation.

For now, I think there's some manipulation happening due to extensive pumps and dumps by some DeFi tokens, I'm not pertaining to all but there are some that is just for profit only.

chikator

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Quote from: DoubleEdgeEX on August 08, 2020, 03:41:52 AM

Most DeFi tokens are concentrated in hands of Top 500 Holders! https://cointelegraph.com/news/analysis-most-defi-tokens-are-concentrated-in-hands-of-top-500-holders

If that is true, DeFi is like a sandbox game, with a very limited amount of players actually playing. Observing this from outside the crypto bubble it´s concerning that DeFi, while a good idea and worth investing, has such a small holders community.

Could that be a problem in the long run?

If what youre saying is true then yes it would be a problem in the long run. With so few big holders they could manipulate these coins to their whims in the future but then again, dont all coins? Even on coins that we have frequently nursed in our wallets, big holders still manipulate those markets. Just dont mind it i guess if you really believe on your project.

optimisticcm

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Quote from: DoubleEdgeEX on August 08, 2020, 03:41:52 AM

Most DeFi tokens are concentrated in hands of Top 500 Holders! https://cointelegraph.com/news/analysis-most-defi-tokens-are-concentrated-in-hands-of-top-500-holders

If that is true, DeFi is like a sandbox game, with a very limited amount of players actually playing. Observing this from outside the crypto bubble it´s concerning that DeFi, while a good idea and worth investing, has such a small holders community.

Could that be a problem in the long run?

The future of defi and all allied services seem bright to me and it will have the potential to compete with traditional financial system but at the moment the userbase is really small and i agree to the fact that only a small number of users are there mostly big whales but i am sure with more ease and compliance with new platforms and products everyone will be onboard in couple of years.

kingzpro

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Quote from: DoubleEdgeEX on August 08, 2020, 03:41:52 AM

Most DeFi tokens are concentrated in hands of Top 500 Holders! https://cointelegraph.com/news/analysis-most-defi-tokens-are-concentrated-in-hands-of-top-500-holders

If that is true, DeFi is like a sandbox game, with a very limited amount of players actually playing. Observing this from outside the crypto bubble it´s concerning that DeFi, while a good idea and worth investing, has such a small holders community.

Could that be a problem in the long run?

Yes it has been a problem but i think a lot of work has been ongoing to develop different products that will help ordinary and common people or we can say small investors to also make use of defi and their saving products.
I have seen few good teams working on such products where the user will buy their token and with that money they will invest in best no risk defi tokens, liquidity provision, yield mining and token farming to get the best returns which they will pay forward to all investors directly to the wallets where they are holding the tokens.
Such platforms will rill out the technicalitiies and a common investor will be able to take advantage of this defi revolution.

maxreish

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There's always probably a glitch in every new projects and deFi project is not an exemption. If small community continues, how can we say that it will be successful in the long run? Unless more and more investors will gonna join the mainstream and support this project.

Also, we can't say that it will also survived in the future. The hype is there now, but just like previous projects it will also fade. However, this new defi project are still working on since financial innovations are the main purpose of this project.

AmoreJaz

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Quote from: beerlover on September 22, 2020, 02:58:24 PM

Defi really doesn't make any sense to me, because most of the time owners take a huge cut as well and there is too much power within few people and I am not fine with that. If a project is destroyable by few people that means I should not get involved with it, same reason why I haven't gotten into ripple ever because I know creators have that power and I am not fine with it neither.

Defi is not something you should get in if you want to stay long and want to see how it works out in the end, it is something you should get in and get out very quickly with the hopes of making a quick profit, if you can do that it did its purpose but if you can't do that then it failed. That is all there is to defi, a quick profit to be made from it and nothing more.

we will see their downfall in the next coming months once this hype is over. there may be few projects that can survive but most of them will be wiped out because they have no foundation to begin with. almost all of them are just here for quick money and people are patronising them. this is because they are thinking that they can get profit out of this.
but if you will not exit early, the likelihood that you will be holding crap defi tokens is very high. so if you think you already got your targets, exit and never look back.

Wapfika

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Quote from: jrrsparkles on September 22, 2020, 04:25:28 PM

If the total supply is just concentrated into the small community then it is not really worth to hold it even the investors itself knew it that is why they always wait for the right time to exit from the market so only small investors are going to get trapped by these lucrative idea.

Mostly those who join can also be a influence of the others who join, when it comes in these scheme we should set only a short term plan or better watch the market 24/7, do charting set points were to possibly sell little by little until able to exit all. When it comes to a small community there's a need to be sensitive in exiting as it will be noticed too much in the market, so before it noticed better do it earlier slowly that can still able to earn,

jrrsparkles

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If the total supply is just concentrated into the small community then it is not really worth to hold it even the investors itself knew it that is why they always wait for the right time to exit from the market so only small investors are going to get trapped by these lucrative idea.

beerlover

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Defi really doesn't make any sense to me, because most of the time owners take a huge cut as well and there is too much power within few people and I am not fine with that. If a project is destroyable by few people that means I should not get involved with it, same reason why I haven't gotten into ripple ever because I know creators have that power and I am not fine with it neither.

Defi is not something you should get in if you want to stay long and want to see how it works out in the end, it is something you should get in and get out very quickly with the hopes of making a quick profit, if you can do that it did its purpose but if you can't do that then it failed. That is all there is to defi, a quick profit to be made from it and nothing more.

Ucy

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Quote from: Ucy on September 22, 2020, 11:03:04 AM

I am not too worried about tokens/coins getting concentrated in few hands, assuming the token getting dumped in the future is why people are worried. I think you can put some kind of mechanisms in places to prevent the prices from "dumping" as a result of massive sell-off by whales.

What I worry mostly about is Consensus/Governance limited to such big holders. That is very wrong and dangerous.

By the way, if you could encourage/incentivize users to create and spend on thriving self-sustaining markets/ecosystem, a token/coin will be dumped less. I think this should be one of the most important part of many of such mechanisms to be put in place to prevent people from selling their coins

Ucy

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I am not too worried about tokens/coins getting concentrated in few hands, assuming the token getting dumped in the future is why people are worried. I think you can put some kind of mechanisms in places to prevent the prices from "dumping" as a result of massive sell-off by whales.

What I worry mostly about is Consensus/Governance limited to such big holders. That is very wrong and dangerous.

TastyChillySauce00

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That's actually true, the market of defi is too niche and actually too small. but if defi projects keep stealing the spotlight then it's not impossible for it to have bigger market in the future. but it could also be a trends that already happened in crypto and is a trend cycle where it will eventually fade away. but honestly the effort to change the traditional finance to a more trustless system which some of the defi project brought is kinda promising.

OcTradism

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Quote from: DoubleEdgeEX on August 08, 2020, 03:41:52 AM

Most DeFi tokens are concentrated in hands of Top 500 Holders! https://cointelegraph.com/news/analysis-most-defi-tokens-are-concentrated-in-hands-of-top-500-holders

If that is true, DeFi is like a sandbox game, with a very limited amount of players actually playing. Observing this from outside the crypto bubble it´s concerning that DeFi, while a good idea and worth investing, has such a small holders community.

Could that be a problem in the long run?

Those DeFi tokens will be called as CeFi tokens later. People are misleading with the DeFi term. They are greed and ignore the centralization of those projects and tokens. In the past, they were greed when Ripple (a centralized cryptocurrency) hit its all time high.

The bloody lesson in the past won't help them nowadays when they again think that they can double their capital in few hours with new DeFi tokens. Centralization is never good in cryptocurrency. The lesson of greed developer from SUSHI project is not enough to wake them up.

https://news.bitcoin.com/sushiswap-founder-reportedly-exit-scams-as-sushi-token-price-tanks/

Bitstar_coin

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Because of this there is a huge possibility of manipulation and control, although since the hype of Defi is increasingly daily then soon the number of holders will also increase in number, but still it is equally important to apply caution while investing in DeFi projects.

fauxLes

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Quote from: DoubleEdgeEX on August 08, 2020, 03:41:52 AM

Most DeFi tokens are concentrated in hands of Top 500 Holders! https://cointelegraph.com/news/analysis-most-defi-tokens-are-concentrated-in-hands-of-top-500-holders

If that is true, DeFi is like a sandbox game, with a very limited amount of players actually playing. Observing this from outside the crypto bubble it´s concerning that DeFi, while a good idea and worth investing, has such a small holders community.

Could that be a problem in the long run?

That might be yes, but that was the same when satoshi mined the genesis block. Ultimitaly it will be redistributed. There are some projects like yearn, uniswap and fiscus.fyi that have managed to get the tokens in user's hands. Other thing to consider is the first to show up will mine a lot relatively speaking with only a small amount of funds and then probably keep that till the price is right. They end up with a real gem getting in early.

jacafbiz

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I agree wit you this is a serious problem in the DEFI space and most of them are not offering any value yet to project they are likely to gain more users and strong community in future, if this DEFI boom is not well managed it could be a zero sum game and a lot of people would end up losing money. Once most of these locked tokens are released and the demand side is not strong the dump on the market would bring the card down

judeafante

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Quote from: DoubleEdgeEX on August 08, 2020, 03:41:52 AM

Most DeFi tokens are concentrated in hands of Top 500 Holders! https://cointelegraph.com/news/analysis-most-defi-tokens-are-concentrated-in-hands-of-top-500-holders

If that is true, DeFi is like a sandbox game, with a very limited amount of players actually playing. Observing this from outside the crypto bubble it´s concerning that DeFi, while a good idea and worth investing, has such a small holders community.

Could that be a problem in the long run?

I liked to look at it in a positive way they are pioneers on this niche and since Defi is going to be huge because of the features they are bringing to the community, these pioneers are going to make a lot from being the early supporters and investors of this new industry.

Yaunfitda

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Quote from: OcTradism on August 08, 2020, 11:53:41 AM

It is only a short term trend so it won't last too long. Overview on DeFi. People are who experienced the bull run and collapse in 2017-2018, the trends of ICOs, IEOs do know what they must do.

I agree, and nothing is wrong with that, specially that crypto market has evolved.

Quote from: OcTradism on August 08, 2020, 11:53:41 AM

Be greedy at the right time, try to react fast, take profit fastly and accept loses to avoid losing all capital. Cash out with some sort of losses at right time when the trend is going away.

That is the secret here, you should enter at the right time and exited before the bust. I'm sure many have learn from their past mistakes in the ICO craze of 2017. And with DeFi just starting to create it's hype, maybe it's just the right time to get in, hehehe.

nicecrypto

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I don't that will pose a big problem if not most of the Defi project mooning right now won't have that chance at because the whale are in control, for now people are happy to invest on Defi to earn good profit, look how link, band, Dia have been performing incredibly since few days now, it feels like 2017 all over again, this is new trend and investors will want to have a piece of the pie.

foxy

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Quote from: DoubleEdgeEX on August 08, 2020, 03:41:52 AM

Most DeFi tokens are concentrated in hands of Top 500 Holders! https://cointelegraph.com/news/analysis-most-defi-tokens-are-concentrated-in-hands-of-top-500-holders

If that is true, DeFi is like a sandbox game, with a very limited amount of players actually playing. Observing this from outside the crypto bubble it´s concerning that DeFi, while a good idea and worth investing, has such a small holders community.

Could that be a problem in the long run?

I think DeFi is still fairly new inside crypto-space and as time passes it will get into more and more wallets but, till then DeFi market would be a little bit volatile and we should be careful while trading. I always use SL on my DeFi trades.

tabas

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The problem that will come out lately is like the ICO and that is when scammers dominated the DeFis. We're about to see them soon so for those who will like to get into Defi.
There could also be a bubble with Defi but you think if they're like that this time. But IMO, we're seeing a natural growth of the crypto market.

50 Cent

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I think it applies equally to defi.
the most important point is innovation, so that it can attract a lot of people, when many people are interested, automatically the community will be bigger.

OcTradism

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It is only a short term trend so it won't last too long. Overview on DeFi. People are who experienced the bull run and collapse in 2017-2018, the trends of ICOs, IEOs do know what they must do.

Be greedy at the right time, try to react fast, take profit fastly and accept loses to avoid losing all capital. Cash out with some sort of losses at right time when the trend is going away.

coin-investor

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They are a small community now but with all the attention they are getting it's only a matter of time before we notice that it's become a bigger industry just like the IEO and ICO and those who get in early are lucky that they are part of this early, DeFi will continue to be a trending topic and niche in the years to come.

shata

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Holders are important. What if team holds largest bag and dump it on investors and run away?
Defi is the actual concept of crypto. My money, my wish. We only have decentralization for money issuing and security cause we used centralized exchanges for trading. Now we have dex and now we have full control over our property. Defi, the trustless financial ecosystem is the ultimate necessity of current world

Although DeFi has been considered as a new trend in the market, still overall investors in the space were lesser than previous ICO craze. Further, I agree with your thought of having trustless financial ecosystem, with established protocols and consensus in the space; it will be a new revolution in our current monetary system. However, Defi hasn`t yet make the best of its best right now, so technically, adoption is observably low. And this will be manifested on DeFi`s current market capitalization.

On the other hand, Ethereum has accelerated in riding the tide of Defi craze along with its upcoming ETH 2.0 version launching. As ETH is imitating the nature of traditional financial system, DeFi will exactly become the next option of an acceptable protocols as solution for current economic and financial problem.

sayulita

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Quote from: DoubleEdgeEX on August 08, 2020, 03:41:52 AM

Most DeFi tokens are concentrated in hands of Top 500 Holders! https://cointelegraph.com/news/analysis-most-defi-tokens-are-concentrated-in-hands-of-top-500-holders

If that is true, DeFi is like a sandbox game, with a very limited amount of players actually playing. Observing this from outside the crypto bubble it´s concerning that DeFi, while a good idea and worth investing, has such a small holders community.

Could that be a problem in the long run?

DeFi is right now in that stage through which Ethereum and Bitcoin have already passed through, new platform and new tokens, give DeFi coins a little while and they will show their true potential. We already have seen many DeFi tokens giving more than 100x to the initial investors and now everyone id going crazy about investing in DeFi coins and even the Investors are also liking the Idea of DeFi and in future a lot of development is going to be on DeFi especially in the cryptocurrency community.

Jating

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Quote from: DoubleEdgeEX on August 08, 2020, 03:41:52 AM

Most DeFi tokens are concentrated in hands of Top 500 Holders! https://cointelegraph.com/news/analysis-most-defi-tokens-are-concentrated-in-hands-of-top-500-holders

If that is true, DeFi is like a sandbox game, with a very limited amount of players actually playing. Observing this from outside the crypto bubble it´s concerning that DeFi, while a good idea and worth investing, has such a small holders community.

Could that be a problem in the long run?

I don't think it will be a problem in the long run, on the contrary we may barely scratch the surface of this niche. And I'm sure as time goes by, this market will be huge, just like we have seen already, billion dollars flowing inside the market.

So we may just see the beginning, as I have said this is the beginning and we might see a big growth at the end of the year and there will be a lot of holders for sure. Although we may seeing what the future holds, similar to IEO of 2017, it is forming a big bubble now.

minairia3

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Quote from: DoubleEdgeEX on August 08, 2020, 03:41:52 AM

DeFi is like a sandbox game, with a very limited amount of players actually playing. Observing this from outside the crypto bubble it´s concerning that DeFi, while a good idea and worth investing, has such a small holders community.

Many possibly thinking that defi hunt is only played by couple of players, maybe for big time chunk holders it is. But you can still share some part of it. Many thought that defi is an easy money as long as you invest on defi you will not lose. This is not true there are a lot of people losing on the process. Its a matter of timing, analysis and strategy. You must study which coin has a good standing in terms of concept, tokenomics and its potential and use cases. Im not sure about defi hype would last long but one thing is for sure, while its hot grab some of it.

kindbtc

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Quote from: DoubleEdgeEX on August 08, 2020, 03:41:52 AM

Most DeFi tokens are concentrated in hands of Top 500 Holders! https://cointelegraph.com/news/analysis-most-defi-tokens-are-concentrated-in-hands-of-top-500-holders

If that is true, DeFi is like a sandbox game, with a very limited amount of players actually playing. Observing this from outside the crypto bubble it´s concerning that DeFi, while a good idea and worth investing, has such a small holders community.

Could that be a problem in the long run?

I do not think that will be a problem i still remember Basic attention Token and their ico that was sold within seconds to a handful of investors but see today the project and its token is a success so number of holders do not matter actually it is the number of users of the platform or service that matters.

dondonk

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If in the long run it is unlikely that there will be a problem, the day the campaign on deFi increases, allowing for the addition of a number of new holders. It's not a short time to make it all happen.

DoubleEdgeEX

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Most DeFi tokens are concentrated in hands of Top 500 Holders! https://cointelegraph.com/news/analysis-most-defi-tokens-are-concentrated-in-hands-of-top-500-holders

If that is true, DeFi is like a sandbox game, with a very limited amount of players actually playing. Observing this from outside the crypto bubble it´s concerning that DeFi, while a good idea and worth investing, has such a small holders community.

Could that be a problem in the long run?

Topic: DeFi - the niche within a niche and incredibly small community (Read 380 times)