Do you think DeFi season is going to be just like Altcoin season? - page 3.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: Questat on December 25, 2020, 10:00:55 AM

I honestly don't feel the De-Fi season, but if it really has happened, I don't think it's bigger than the altcoins season because altcoins season in 2017 was really huge, it made bitcoin's dominance to dropped, but now bitcoin's dominant is really stable and has increased to 68% compared to 35% + during the 2017 altcoins season.

This would be a good time to sell altcoins if you own any. The recent rise in bitcon price also drove the altcoins upwards but didnt quite sustain their price. Very soon they will drop before bitcoin if bitcoin fails to maintain this pumped price and tanks.

Because a rise of this magnitude is difficult to keep on. Selling pressure builds up and sell orders will go thorough because some fools did buy at 20k in 2017 and they were waiting for this rise in price.

Hence the craze of DeFi currently stopped a bit as people changed focus on bitcoin for now. You can get this idea also from the decrease in the forum threads about DeFi and increase in bitcoin price conspiracy theories/bullshit everywhere. Trust me, nobody really know why the price rose, all speculating. But it cooks up nice profits in leverage trading. Cheesy

newdevices

full member

Activity: 1048

Merit: 102

altcoin season is not Defi season, Defi season is just hype and hype also has an end,
Defi is not influenced by Bitcoin holders this is the difference,
if bitcoin holders have left Bitcoin then altcoin season comes, this is what is waiting for!.

plr

member

Activity: 1162

Merit: 24

Quote from: SomeJasonGuy on August 20, 2020, 12:15:47 PM

Smells a lot like 2018 doesn't it?

It's already happening many DeFi projects are exposed and reported and many more DeFi project are launch there's really a big similarity between the two they are on the same path, many scammers are now into DeFi projects because they cannot scam through ICO anymore, so they turn their eyes to DeFi.

Questat

hero member

Activity: 2954

Merit: 605

I honestly don't feel the De-Fi season, but if it really has happened, I don't think it's bigger than the altcoins season because altcoins season in 2017 was really huge, it made bitcoin's dominance to dropped, but now bitcoin's dominant is really stable and has increased to 68% compared to 35% + during the 2017 altcoins season.

aemma

copper member

Activity: 966

Merit: 14

Well, if we are to look at everything critically it rather do look like that of ICO in 2018.
First, in 2018, there was a spike in the growth of ICO projects, and just as there were few that came with good ideas a whole lot of them came with scam ideas, thus one of the reasons ICOs failed; now correlating this to the DeFi, there was a spike in the number of them and as usual, a whole lot were just created to scam people while few were created to lead a positive change scenario, and currently with the way some of them are getting hacked, Defi is already losing its touch. Furthermore, people have started asking about the next trend while anticipating NFT to be the next; this is just as it was when ICO was dying, IEO was created and it took over, who knows NFT might be the next trend.
Altcoin season on the other hand, didn't happen rather some altcoins with good use cases grew with Bitcoin this past weeks.

Rexler

member

Activity: 616

Merit: 12

The Standard Protocol - Solving Inflation

At the moment, I'm not so sure it's going to be another altcoin season, although a few months ago it looked like another altcoins season was finally here cus so many coins were just going up insanely all in the name of DeFi e.g YFI which syrocketed to $42,000 due to the DeFi hype, right now it's down to $13,000, the hype was too much, lately i no longer hear about it as much as I used to back then, I think the DeFi hype is dying slowly.

bitterguy28

full member

Activity: 2114

Merit: 182

★Bitvest.io★ Play Plinko or Invest!

Quote from: SomeJasonGuy on August 20, 2020, 12:15:47 PM

Smells a lot like 2018 doesn't it?

actually we don't really know but the way it runs now?yeah there are similarities so the chance is always there .
So if you are planning to Invest in Defi projet then better be ready in any case of Pumping and dumping for your own safeties

MAAManda

hero member

Activity: 1540

Merit: 725

I think DeFi Phenomenon is like 2017 - 2018 of ICO Phenomenon, and i know this Phenomenon is just Phenomenon...

fmz89

legendary

Activity: 1764

Merit: 1002

defi seasong more similiar with alt lending + alt season, both of the combine with short term hype

basically most of ppl out there beyond crypto, defi more intersting rather than alt general cause their focus on incentives

alt season in other stories, many dead project wil rise to surface again after btc hit new ath and attract more buyer and fresh money from outside

and the times has come for alt to fluorish again Grin

Ridwan Fauzi

full member

Activity: 1330

Merit: 147

Quote from: Lycan70 on October 16, 2020, 07:58:06 PM

The early birds already made a lot of profit with Defi. Let's see how far this Defi hype will go. I honestly invested some now with some Defi project. Just hoping to have a little bit of profit out of it. Grin

But honestly almost the DeFi project have plunged in price due to bitcoin price decreasing. I can't imagine how loss they are who bought YFI token at the all time high, they will loss a lot of money.

DeFi project is booming when almost crypto currency prices especially bitcoin was in uptrend market. So, an important thing to note is you have to know the crypto currency market condition first before you invest in any coin/token or new project. Because that will make you get money and loss money.

imstillthebest

full member

Activity: 1638

Merit: 122

Quote from: SomeJasonGuy on August 20, 2020, 12:15:47 PM

Smells a lot like 2018 doesn't it?

you already answered your own question because you said its only a season and seasons dont last long but is defi and altcoin ico are only a season ?

i remember the altcoin ico did last a longer time more than a normal season but defi's , i cant tell yet because defi were just new but i am getting a clearer vision now , i see that defi's are now starting to lie low . i guess that the defi situation arent like altcoin and ico but defi are going to rest in peace earlier than it .

Lycan70

jr. member

Activity: 63

Merit: 1

The early birds already made a lot of profit with Defi. Let's see how far this Defi hype will go. I honestly invested some now with some Defi project. Just hoping to have a little bit of profit out of it. Grin

Rose119

full member

Activity: 502

Merit: 100

Quote from: Bitstar_coin on October 14, 2020, 04:06:31 AM

Quote from: poshat on October 13, 2020, 02:01:43 PM

Bitcoin scared of all, ICO scared of all, DEFI scared of all. Why? It's just some numbers in the wires

lol! because people like to make a mountain out of a small stone, imagine if there where no ico we won't have some of the amzing project we have now, project like eth, bnb, link etc are all born out of ico, same thing will happen in this defi period, even if there are many scam defi project there are still good few ones that came out, i think people are just too over exaggerate this defi trend, they say in every bad there is an atom of good.

It may depends on the Developer of the project, if they're hands on on their Project it will be succes and be more succesful like ETH or BNB, the team need to be serious for the future of any project for it to be succesful . there's is nothing wrong if we try new one but ofcourse we need to be careful everytime.

Bitstar_coin

hero member

Activity: 2408

Merit: 693

SecureShift.io | Crypto-Exchange

Quote from: poshat on October 13, 2020, 02:01:43 PM

Bitcoin scared of all, ICO scared of all, DEFI scared of all. Why? It's just some numbers in the wires

lol! because people like to make a mountain out of a small stone, imagine if there where no ico we won't have some of the amzing project we have now, project like eth, bnb, link etc are all born out of ico, same thing will happen in this defi period, even if there are many scam defi project there are still good few ones that came out, i think people are just too over exaggerate this defi trend, they say in every bad there is an atom of good.

rodskee

full member

Activity: 2408

Merit: 202

Quote from: poshat on October 13, 2020, 02:01:43 PM

Bitcoin scared of all, ICO scared of all, DEFI scared of all. Why? It's just some numbers in the wires

You Got it Cool

What would be the release that people here will love?everything that coming there is always a negative reactions.

Yeah Bitcoin is the safest but there is nothing wrong in trying new one.
Though personally i don't really support defi but not of anything bad just because i am late for investing (that is my Own Opinion )

FastSha

full member

Activity: 169

Merit: 100

Proof-of-Stake Blockchain Network

Defi project like uniswap get great hype couse of its convinient way to change tokens so crypto starup no need listed on exchange. Its important pushing to crypto technology projects.

poshat

newbie

Activity: 210

Merit: 0

Bitcoin scared of all, ICO scared of all, DEFI scared of all. Why? It's just some numbers in the wires

JeffBrad12

hero member

Activity: 2898

Merit: 529

Leading Crypto Sports Betting & Casino Platform

And the result was the defi trend is totally the same as altcoin seasons a few years ago and why? so many people were getting scammed caused by they were blindly buying any defi project without tryna to do deep research. After the defi trend becomes a new trend and there are a bunch of new scam defi projects that appeared. This is the same as when there are so many new scam icos in 2018 when the ico has become a popular model for fundraising method in 2017.

The pattern is the same.

Mame89

sr. member

Activity: 1638

Merit: 457

Quote from: SomeJasonGuy on August 20, 2020, 12:15:47 PM

Smells a lot like 2018 doesn't it?

In line with my thinking that the current defi trend seems to really bring happiness to crypto users, previously the crypto world was asleep and maybe many investors left and didn't believe in the future of crypto, but the existence of this Defi trend can prove and awaken again about the future of cryptocurrency.

terrong

member

Activity: 309

Merit: 11

Currently Defi project is really crazy, even YFI's value is far above BTC.
New Defi projects keep popping up every day, making eyes hurt to see it but trends are always changing, so it's not impossible if someday Defi will be forgotten.
I personally have never invested in new Defi projects because judging the concept is too forced as if it is chasing a trend, and I'm afraid it won't be sustainable, I'm just trading to make a little profit from some Defi project

Topic: Do you think DeFi season is going to be just like Altcoin season? - page 3. (Read 1239 times)