Topic: Do you think DeFi season is going to be just like Altcoin season? - page 4. (Read 1239 times)
October 09, 2020, 08:49:05 AM
Some of those DefI projects have minted lots of useless shit. People following the hype buy it with hope to sort it out later but that "later" may never come. Developers do "scam exit" and those who buy that shit end up with nothing. Therefore I think DeFi season can't be compared even with the alts one. It is much, much worse as at the end it may be in potential to torpedo the whole crypto not to mention alts themselves. Take ETH-based DeFi projects. They resulted in popping-eye gas increase which is not good for ETH itself as people move to other platforms.
October 04, 2020, 06:51:49 AM
DRK coin traditional systems involve high transaction fees resulting from high costs due to low transaction speed and low throughput.Even simple applications can slow down the Ethereum based platform and increase transaction fees.
DRK coin? What type of coin is that?With the scenario that we're looking at. The high costs for Ethereum/Gas fee is due to all of those transactions that's happening with defi and uniswap.
The same as the ico days, the fees were very high and the same as the crypto kitties.
while others are crying because of their losses from their own stupidity of riding the train in the end of the line that the projects is coming to drop like what is happening now.
In my opinion, ETH only benefits from the popularity of DeFi in the cryptocurrency market, despite the congestion of the network. Of course, the problem of scalability creates certain difficulties, but nevertheless, over time, this problem will be solved. In addition, the cost of the transaction has decreased slightly and is currently less than $ 1. Today, DeFi projects are mushrooming after rain and tensions are mounting. The main thing is that scammers do not bring global harm, since they are actively taking advantage of the moment of DeFi's popularity.
the fees are dropping now doesn't they?the congestion is subsiding and transactions day by day is getting low. October 04, 2020, 06:30:18 AM
In my opinion, ETH only benefits from the popularity of DeFi in the cryptocurrency market, despite the congestion of the network. Of course, the problem of scalability creates certain difficulties, but nevertheless, over time, this problem will be solved. In addition, the cost of the transaction has decreased slightly and is currently less than $ 1. Today, DeFi projects are mushrooming after rain and tensions are mounting. The main thing is that scammers do not bring global harm, since they are actively taking advantage of the moment of DeFi's popularity.
October 04, 2020, 05:14:32 AM
Doubtful. DeFI has already gained mass followings and shows long term potential. It's actually so popular right now, the ETH blockchain is as bad as Bitcoin used to be (fee wise). It might be the next big epoch in cryptocurrency and blockchain in general...
Now if we could just keep governments from meddling in our ecosystem....
we will see what is the future soon,looking at the projects connected to defi now has more scam accusation,this has been the same when ICO bump and when the altcoin season happens few years ago.Now if we could just keep governments from meddling in our ecosystem....
i know that Defi has many supporters but this is because the coins are pumping but not because they really trust the system.
there are also many paid shill to push this so many will invest.
It is just ICO hype 2.0 in my opinion, the future will tell us
So before ETH 2.0 this Hype 2.o comes first?;lol 
October 03, 2020, 07:02:14 PM
Doubtful. DeFI has already gained mass followings and shows long term potential. It's actually so popular right now, the ETH blockchain is as bad as Bitcoin used to be (fee wise). It might be the next big epoch in cryptocurrency and blockchain in general...
Now if we could just keep governments from meddling in our ecosystem....
Now if we could just keep governments from meddling in our ecosystem....
October 03, 2020, 03:49:55 AM
I am not sure about it but I think this is possible nowadays in crypto market there is a high craze of defi every project is coming in the market has something for defi space recently uniswap has airdropped it's native token to it's old users which is worth around $1300 so I think more and more people are getting into crypto market just because of high fluctuations and I think after defi craze there will be another craze
The DeFi trend comes to the crypto market and makes a noise among the traders. We can not deny that because many people can make a profit again after a long time. If the DeFi trend still continues until the next year, we will see many people will be able to recover their losses in 2017. But we still need to be careful and don't just follow other people's suggestions because we need to find the project to invest. Otherwise, we will not make a profit in the future. October 03, 2020, 12:42:16 AM
I am not sure about it but I think this is possible nowadays in crypto market there is a high craze of defi every project is coming in the market has something for defi space recently uniswap has airdropped it's native token to it's old users which is worth around $1300 so I think more and more people are getting into crypto market just because of high fluctuations and I think after defi craze there will be another craze
October 02, 2020, 10:36:33 AM
It is just ICO hype 2.0 in my opinion, the future will tell us
October 02, 2020, 10:32:22 AM
I think DeFi venture is the new pattern which is more advertised than 2018 ICO,s or Altcoins rally. DeFI ventures are performing well indeed. But since if this promotion each task are transforming into DeFI. furthermore, much the same as ICO numerous tricksters are running trick DeFi venture. Extensive stretch of time simply like the customary financial framework has controlled back and keep up high level in money related undertakings. DeFi resources recorded by crypto resource information firm Messari, just three indicated positive value development throughout the most recent 30 days Hegic, CoTrader, and Uniswap.
October 02, 2020, 03:57:06 AM
Smells a lot like 2018 doesn't it?
I think this thread does not belong in"Market Place" .better transfer this to the right section in which the Altcoin Speculation that you can see here https://bitcointalk.org/index.php?board=224.0
sure this will be the same like altcoin season,after the pump everything will back to normal prices and some may continue falling.
September 30, 2020, 05:51:17 PM
For the meantime defi is the favorite of traders but once bullrun started and bitcoin pumps, defi will be left behind. Defi are just like ico before.
2020 is for DeFi Projects we will know whether it will be alike with the ICO after a year or 2, when many projects started to dissolve in the market, for now DeFi just started to have some not so important project but before the projects involve were useful in the market like with ICO before only those project that have real meaning and use will remain. BTW, Once bitcoin pump some altcoins and DeFi can also pump like what happens in 2017 ICO Era. September 30, 2020, 05:39:41 PM
Smells a lot like 2018 doesn't it?
Bro DeFi season will be come back very soon because now more then hundreds of project adopting Defi. This is the big reason, Defi will be bullish very soon just wait and watch. As we can see many defi projects are performing awesome and people got unbelievable profit from it. In other words DeFi never die now it is a part of crypto market.
September 30, 2020, 05:24:44 PM
Agreed! 2021 will be the year of DeFi.
2020 is really a different year for altcoins, IMO. It has really make wave. And this same year lots of people who own the coin called UNISWAP has turned billionaires and millionaires over night. Crypto is the future trust me.
Smells a lot like 2018 doesn't it?
2020 is really a different year for altcoins, IMO. It has really make wave. And this same year lots of people who own the coin called UNISWAP has turned billionaires and millionaires over night. Crypto is the future trust me.
September 27, 2020, 11:49:18 AM
Smells a lot like 2018 doesn't it?
There are two prediction atll least, one, this system will be develope because DeFi is offering many user and makes it easy for them to make all transactions truly anynomous that should really exist in crypto currency. Because now, we get used to use centralized exchange to facilitate that. And the second thing is yeah there are some similaties like 2017-2018 ago. The crypto currency sphere is developing time by time, there will be many people who will have a new feature/event to improve the old way. For the first time we know ICO, this event had given a lot of profit for the crypto user and also with IEO event who just take a little time. And now the new system came and has given a lot of profit as well for the investor. And seem like we will have the next event that will give a bad impact for the privious event.
September 26, 2020, 06:54:04 PM
For the meantime defi is the favorite of traders but once bullrun started and bitcoin pumps, defi will be left behind. Defi are just like ico before.
September 23, 2020, 01:07:17 AM
DRK coin traditional systems involve high transaction fees resulting from high costs due to low transaction speed and low throughput.Even simple applications can slow down the Ethereum based platform and increase transaction fees.
DRK coin? What type of coin is that?With the scenario that we're looking at. The high costs for Ethereum/Gas fee is due to all of those transactions that's happening with defi and uniswap.
The same as the ico days, the fees were very high and the same as the crypto kitties.
September 22, 2020, 07:41:57 PM
I think this Defy trend looks like it will run smoothly for some time to come, but I think this will also be the same as the trend that has happened before, nothing lasts forever we just need to get used to it. Everything that happens in the crypto world and this Defi trend is actually an opportunity to move and seek profit.
Get profit as much as you can. But this hype will be over soon. If you will examine most of these DeFi projects, they have nothing in it. No real application in the market as most of them are showing they are in beta. But wonder if they are really doing their developments. They are just selling their tokens in uniswap and once they got their funds, their project will disappear.
September 22, 2020, 07:35:28 PM
If you're waiting for a miracle, it won't happen. Learn how to trade even in a falling market.
How can I make money in a falling market? Can you prove it? I'm new and I don't know much.if you are just starting up or essential for your trading career.Everything can be learn and resources are already or can be found online.
Its up to you if you would really make use of those information .Babypips is indeed a good place for complete beginner not just talking about stoploss or take profits but also when it comes to the
very basics.
In my view, cryptocurrency is innovative and I think it is the just start. we'll see so many things in the future because developer create new idea / projects to take benefit as well as these are the huge opportunities for everyone. However people should understand and learn it 1st then they should research before invest in any ICO or any other project.
The cycle would really continue because if theres one get old or gets saturated then theres new one would come out and now its the DeFi we are facing now which is really not much differentwith ICO in the past. Altcoin season? its just the same since these are just still alts which are part of alternative market.The thing here is that
you do know on when to get in and on when to get out. Dont hold for long term excluding to those projects which are really worth to hold on.
September 22, 2020, 12:00:35 PM
DRK coin traditional systems involve high transaction fees resulting from high costs due to low transaction speed and low throughput.Even simple applications can slow down the Ethereum based platform and increase transaction fees.
September 18, 2020, 12:29:06 PM
my hope and all, that paradefi network system will be the solution after the collapse of the crypto world price after BTC reached 300 Million. But as discussed by the friends above, there are some ICO market participants who are naughty and ultimately not as the marketing people expected. My DeFi value as a new breakthrough that can bring back the state of the world, at least make the market participants happy and trust the crypto world again.
Jump to: