After two despairing years, and showing plenty of promise in the summer, Bitcoin still stole the show, towards the end of 2020 but some analysts forecast that the beginning of 2021 belongs to altcoins.
Humnn. If bitcoin fails to take the first step onstage, then surely no subject alt has the same test certificates we are seeing. Although, the general situation dictates the degree of importance since covid19 created a spillover to the financial and banking sectors ... That created an impetus for altcoins to come earlier. Defi, staking, NFT, lending ... are soaring. 2021-2025 predicts a lot of new alternative trends can lead. 
Topic: Do you think DeFi season is going to be just like Altcoin season? (Read 1291 times)
February 22, 2021, 08:59:23 AM
February 22, 2021, 07:47:47 AM
TBH, a DeFi is just one hack away from getting all their project funds compromised and this has been proven through YFI's recent hack and even hacks on BZRX. I believe that while the waves are coming in, it's better to just silently keep riding them without the need to call the bearish days now. Let the FOMO continue! 
February 22, 2021, 07:22:23 AM
Nope. I'm still not convinced with the "DeFi season". A lot of people here in forum considers Defi projects are the future scam projects in crypto market. I'm not yet really sure why they said that but it has something to do with the credibility and effectivity of those projects.
Altcoin season is just too huge compared to DeFi season but I don't agree that DeFi projects are scams, maybe some are scams but not every project, just like altcoin where majority are scams but we still love to invest on altcoins, let's be fair and objective with our comments. 
February 22, 2021, 12:12:37 AM
Nope. I'm still not convinced with the "DeFi season". A lot of people here in forum considers Defi projects are the future scam projects in crypto market. I'm not yet really sure why they said that but it has something to do with the credibility and effectivity of those projects.
You are right to be not convinced about these words. In fact defi season has not started but ended. The influx of scam projects into defi using the name of defi shows that the peak has been crossed and now it has gone into scammer domain. Only the first few projects were what profitable and worth buying. Currently the focus has shifted to doge and bitcoin with celebs pumping them like anything. This will change but defi is probably going to decline for now. Sadly enough the proper defi projects like bitrefill never got any traction.
February 17, 2021, 03:36:48 PM
Nope. I'm still not convinced with the "DeFi season". A lot of people here in forum considers Defi projects are the future scam projects in crypto market. I'm not yet really sure why they said that but it has something to do with the credibility and effectivity of those projects.
February 17, 2021, 03:21:00 PM
Smells a lot like 2018 doesn't it?
now you can see if the defi season was different with altcoins season in 2018 right ?
even i think the defi season is one from many factors that make the altseason come back for this time
regards
February 17, 2021, 10:21:36 AM
deFI season actually has a positive impact on cryptocurrency, but we don't know how long the concept of deFI will last in crypto. because in my opinion if the concept of deFI lasts a long time in crypto, of course it will make the deFI token even better than crypto. so the defining of the deFI concept can be seen in the next 1 year
I think this trend will continue until a new concept is successful. remember in the past there were so many with the same pattern as Defi where the initial hype was quite large and after that the price experienced a correction due to a new trend change. My advice if you are interested in defi must be really more selective in choosing and MM you must really pay attention to a decline in prices February 17, 2021, 09:46:44 AM
I also hold the same opinion that the current hype associated with DeFi projects is very much reminiscent of the hype around ico in 2016 - 2017 will, which subsequently caused the collapse of the cryptocurrency market in 2018. But I believe that the difference between these two periods is precisely that today, investors are already taking into account the negative experience of 2018, and they are more sensible in the choice of projects for investment and, I hope, they, too, are primarily driven by personal analysis, and not the excitement and greed, as in previous years.
January 25, 2021, 12:32:19 PM
When the rest of us are just skeptical that DEFi tokens are just hyped, they tend not to invest in it till it's almost late. It's only now that they bet their bottom dollar to go into Defi. You can already see how much some Defi tokens had grown from a cent to $0.10. But it's best to diversify your portfolio because all these could just be dumped and all the altcoins that you previously dumped will soon leap up. The altcoin season is just not predictable next week we could even see BTC drop below $30k who knows and then altcoins will follow of course.
January 25, 2021, 11:18:16 AM
We haven't encountered a DEFI season same as the altcoin bull run. When the altcoin bull run took place, the market isn't mature as well as people aren't aware of the market. By the time ICO projects were in the hype and that caused even the projects without real-time usage reach ath in very short time period after the launch.
With the present market people are aware, as well as have good learning about the changes happening with the market with new forms of investments and projects. Among the entire list of DEFI projects very few are successful, and that makes people not to prioritise DEFI and pump the market.
With the present market people are aware, as well as have good learning about the changes happening with the market with new forms of investments and projects. Among the entire list of DEFI projects very few are successful, and that makes people not to prioritise DEFI and pump the market.
January 25, 2021, 11:15:13 AM
It is obvious that Defi can't go even further up than what it has done all because ETH gas fee is a lot. I for example had a token that I invested during presale and now I can't sell it because ETH is too crowded, it costs over 20-30 dollars just to get it out and I am not rich enough to invest 300-400+ dollars to make it worth while, which is why I am going to just keep it unfortunately, if one day eth fee finally goes down we could do a better.
Sure there are other chains but they are not used as much as ETH is used. Which means the moment you can swap without paying 40+ dollars, that would be a great period and defi will have a huge increase, think about swaping for under 1 dollars and paying 10 cents for eth transactions, if that ever happens (at this point I doubt it) that means we could do a lot better in the future and prices of defi will increase a lot.
I think there are two solutions to what you are talking about that will make defi once again bigger than regular centralized organizations.Sure there are other chains but they are not used as much as ETH is used. Which means the moment you can swap without paying 40+ dollars, that would be a great period and defi will have a huge increase, think about swaping for under 1 dollars and paying 10 cents for eth transactions, if that ever happens (at this point I doubt it) that means we could do a lot better in the future and prices of defi will increase a lot.
One of them is to drop the price of ethereum costs, which will happen because miners are being a baby right now, they want their money and they want to make superb amount of profit from their gpu's without working, but that is not going to happen, the with EIP 1559 which they are complaining about, the extra fee will be cut, and it will be a lot better that way, we are going to see miners make less profit while transaction fee becoming lower and lower.
Secondly ETH will go towards proof of stake, which means you just need to arrange the blocks sizes and speed and so forth type of things and you will suddenly have a lot faster transactions without needing miners at all, it will be automatic. Lastly, all those other chains could get famous and bigger as well, that is another option, if ETH stays bad, other chains will get attention and get bigger.
January 25, 2021, 10:20:06 AM
deFI season actually has a positive impact on cryptocurrency, but we don't know how long the concept of deFI will last in crypto. because in my opinion if the concept of deFI lasts a long time in crypto, of course it will make the deFI token even better than crypto. so the defining of the deFI concept can be seen in the next 1 year
January 24, 2021, 04:41:49 AM
Defimania in August was really the highlight of the day until things really changed and now basically is a bull run which if you will ask me I will say is just about to start for alts
if the bull on altcoins is just about to start like your words above, seems defi project is a part of altcoins
wich mean i believe the second waves of defi will coming together with altseason
January 23, 2021, 02:43:09 AM
It is obvious that Defi can't go even further up than what it has done all because ETH gas fee is a lot. I for example had a token that I invested during presale and now I can't sell it because ETH is too crowded, it costs over 20-30 dollars just to get it out and I am not rich enough to invest 300-400+ dollars to make it worth while, which is why I am going to just keep it unfortunately, if one day eth fee finally goes down we could do a better.
Sure there are other chains but they are not used as much as ETH is used. Which means the moment you can swap without paying 40+ dollars, that would be a great period and defi will have a huge increase, think about swaping for under 1 dollars and paying 10 cents for eth transactions, if that ever happens (at this point I doubt it) that means we could do a lot better in the future and prices of defi will increase a lot.
Sure there are other chains but they are not used as much as ETH is used. Which means the moment you can swap without paying 40+ dollars, that would be a great period and defi will have a huge increase, think about swaping for under 1 dollars and paying 10 cents for eth transactions, if that ever happens (at this point I doubt it) that means we could do a lot better in the future and prices of defi will increase a lot.
January 22, 2021, 06:10:57 PM
Defimania in August was really the highlight of the day until things really changed and now basically is a bull run which if you will ask me I will say is just about to start for alts
January 22, 2021, 02:23:35 PM
Well nope it was not like the altcoin season before that almost all the altcoins in the market were pumping even the shitcoins. Only few DeFi tokens were increasing so I can not tell the same as alt season in 2017 - 2018. Sometimes I doubt of the DeFi tokens because of low supply it can easily to manipulate it, they can pump and dump.
Pump now ill only depends on the project quality. Investors were smarter now to choose where to invest unlike before that many thinks that once it's a crypto it have a potential, now we already learned that only few really can keep their project and have real goal. DeFi can still pump provided it's development or developers still gives update or provide unique ideas on it. 
January 22, 2021, 02:18:03 PM
Well nope it was not like the altcoin season before that almost all the altcoins in the market were pumping even the shitcoins. Only few DeFi tokens were increasing so I can not tell the same as alt season in 2017 - 2018. Sometimes I doubt of the DeFi tokens because of low supply it can easily to manipulate it, they can pump and dump.
January 22, 2021, 11:27:32 AM
it looks like it's much more controlled hype,than ICO period.. but i have a lot of concerns by the way - how do u think will be everything going on with defi? it feels like a lot of defi scams are coming out (((
So many scam defi is coming to the crypto but investors have become even smarter than before consider the investors are also doing so many analyzations before try to invest in a project. There are still lots of legit defi project and you should not feel worried about that dude. People will always try to dig the information about the new defi.
That will help people to avoid the scam defi.
There are few defi projects that end up to have a good price and volume like the ones we recently just see suchas DIA AND POOLZ I have not invested to any but there are bounty hunters I have read on telegram channels praising the projects.
The scams however are more than the number of legit defi project. Its alarming but its bringing bullrun still.
January 22, 2021, 10:42:04 AM
it looks like it's much more controlled hype,than ICO period.. but i have a lot of concerns by the way - how do u think will be everything going on with defi? it feels like a lot of defi scams are coming out (((
So many scam defi is coming to the crypto but investors have become even smarter than before consider the investors are also doing so many analyzations before try to invest in a project. There are still lots of legit defi project and you should not feel worried about that dude. People will always try to dig the information about the new defi.
That will help people to avoid the scam defi.
January 22, 2021, 09:36:52 AM
yes for sure, market is growing and hyping so i also see a lot of strange defi concepts(( but still, i pay my attention to the interesting and credible dex projects, with nice liquidity partners
Currently some markets are not growing, but it is not predictable even though some of the Dex projects are still holding good positions and some strange defi concepts are still holding out in their current conditions.DEX really relies so so much on people using it and continuing to like it. The chicken and egg problem persists in DEX: people do not use it because there is too little liquidity, and there is too little liquidity because people do not use it. So I feel like people must have other advantages for using Dex,,, maybe this is the future of DEX being a part of some other main utility.
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