End of Defi hype! Time to invest in real business with real products?

LittleHamster

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Quote from: wildflower18 on October 27, 2020, 05:43:14 PM

Defi hype is still not over as we can observe in social media a lot of projects still promoting to attract investors. This is to warn other people not to invest quick and better yet invest with real products that offer profit. A lot of people get scam these days because of not having diligence first before investing.

The hype from defi is beginning to subside. This can be judged by the number of projects that offer coin stacking. Also, commissions in the Ethereum network have seriously decreased. All this suggests that the hype has decreased. I hope this cycle will return in a month.

BChydro

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Quote from: amishmanish on October 20, 2020, 03:37:14 AM

The hype about jumping onto the highest APY and farming the shit out of it is definitely over. As with every hype cycle, there aren't enough new people to fool i guess. Information travels fast these days. So everyone knows now not to lock funds in anon accounts and if they give you free money to build trust then you take that money and then scoot. Not take it as a signal to invest more.

Now with all the setbacks people know that it is risky enough to lock funds in anon accounts, we have seen many scams in a short period of time where developers run away one day and then return the next and it is funny to see these but then it is hard for the investors and will move the rest of the investors away from the market.

If you are looking to invest in real business with real products you need to look elsewhere away from the cryptocurrency space Cheesy

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nurilham

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Digital currency does have risks, therefore, I didn't invest all of my money there. just 30% for crypto and I will tell my friends that this is indeed a high risk.

tofupanda

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Defi is still in the very beginning stage of development. Token economy is not going anywhere.

Kelvinid

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win lambo...

What we are expecting about Defi hypes has done to reality, it finally burst and it's over. Those earlier investors might be lucky as they can make money for that time as the price strikes high but I worried those who come late. Defi projects have no way to stand stronger because if we take a look, most of them are unreliable projects, how could this helps the market to grow? This only helps to destroy crypto's reputation.

I'm not suggesting as well to leave crypto and only invest in the real stock. yes, crypto investment still makes sense and profitable, it matters only how we choose a coin/s for investment because this is the reason why noobs come to a sad end.

Golftech

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Quote from: tracyhayley on October 27, 2020, 06:14:43 PM

Quote from: wildflower18 on October 27, 2020, 05:43:14 PM

Defi hype is still not over as we can observe in social media a lot of projects still promoting to attract investors. This is to warn other people not to invest quick and better yet invest with real products that offer profit. A lot of people get scam these days because of not having diligence first before investing.

because of its hype, so many people take an advantages in a bad way to create the scam DeFi projects. most of the projects will promise us with a real product, but in the end they scamming so many investors. there are some legit DeFi projects that created some real products in the past. but, it's hard to find some legit projects now, even after we did some research and find it carefully.

It is need to be realized, there are still DeFi based project that can provide profits but just like any other projects investors needs to do their research and not just to invest without doing the right research. Scammers are just there waiting for their next victim, if you have proper knowledge it will lessen the chance of being victim.

As long as there's potential to earn there still investors that are willing to take the risk.

24Kt

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Quote from: tracyhayley on October 27, 2020, 06:14:43 PM

Quote from: wildflower18 on October 27, 2020, 05:43:14 PM

Defi hype is still not over as we can observe in social media a lot of projects still promoting to attract investors. This is to warn other people not to invest quick and better yet invest with real products that offer profit. A lot of people get scam these days because of not having diligence first before investing.

because of its hype, so many people take an advantages in a bad way to create the scam DeFi projects. most of the projects will promise us with a real product, but in the end they scamming so many investors. there are some legit DeFi projects that created some real products in the past. but, it's hard to find some legit projects now, even after we did some research and find it carefully.

But I believe users are now smarter than before. If you will look at the scam accusations board in this forum, you will see that a lot of them are Defis with various issues such as the chronic plagiarism issue, fake team members, obvious ponzi scheme and others. I hope users will not just jump blindly on these projects as most of them have no real use case. Just trying to rekt naive buyers.

tracyhayley

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Quote from: wildflower18 on October 27, 2020, 05:43:14 PM

Defi hype is still not over as we can observe in social media a lot of projects still promoting to attract investors. This is to warn other people not to invest quick and better yet invest with real products that offer profit. A lot of people get scam these days because of not having diligence first before investing.

because of its hype, so many people take an advantages in a bad way to create the scam DeFi projects. most of the projects will promise us with a real product, but in the end they scamming so many investors. there are some legit DeFi projects that created some real products in the past. but, it's hard to find some legit projects now, even after we did some research and find it carefully.

wildflower18

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Defi hype is still not over as we can observe in social media a lot of projects still promoting to attract investors. This is to warn other people not to invest quick and better yet invest with real products that offer profit. A lot of people get scam these days because of not having diligence first before investing.

jossiel

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Quote from: Kemarit on October 20, 2020, 09:10:28 PM

Quote from: jossiel on October 20, 2020, 06:54:27 PM

Money going back to bitcoin.

It's the best time to invest back in bitcoin. Those who have been hyped with Defis, it's your time to back to bitcoin and get better results as it's starting to go up. We will never know if it's going to be a continuous skyrocketing.

Or it's just a trap.

Needless to say, you are buying the best crypto if you do so.

You nailed it, money is flowing back to Bitcoin, baby, the price goes to $12k, altcoin market bleeds, and then this Defi investors complain. LOL, they really don't have any idea what's going right now, and they bitch around because they have seen losses on their portfolio and then it started to collapses. So for those who are smart, then they goes back to Bitcoin right now.

I don't think it's a trap, if this is, this will be short term though, it's hard to short Bitcoin when it is on a bull run already and you might get REKT running this.

They have thought that defi craze will last longer than expected.

But we'll never know the true nature of the market until they have experienced it. For traders and investors who have shared the same feeling of the market 2-3 years ago.

The bulls and bears, you'll be careful and will rely a lot on bitcoin as investment if you have consolidated your crypto investments.

hulla

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Quote from: Em00n01 on October 22, 2020, 03:25:56 PM

It was known to all that this won't last longer. But, Defi hype is not fully over and Manay projects will be dead with the end of hype. So i strongly suggest everyone to stay with the projects that has usable products in real world.

Sooner or later Defi hypes are foreseen to end but I dont see that happening this year and even if it those happen to invest in a crypto project with real world product usage is not advisable to me because most crypto investors and enthusiast are somehow not interested in that which the reason a crypto marketplace that needed fund barely get support from the community.

Dragonfund

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Quote from: kentrolla on October 20, 2020, 07:05:33 AM

Time to wake up before getting scammed yes Defi hype was a hot topic for couple of months and now many of them are scared to invest in this.

A lot of articles has been released on this Defi project, analyst say 99% of these projects are scam. I was wondering like Defi will be the future of crypto but thank God now I came to know it's a real danger for investment.

The frenzy on how to make profit by everyone made DeFi became crazy and foolish. The quick rich developers used that as opportunity to cart away with thousands of Usdt by bringing illogical projects to investors. It was during that period we began to see projects with a page website and A4 lite paper, anonymous team and little supply of token. The road maps were the funny part with zero magnitude and direction. As time goes on, we will be able to identify chaffs from the real ones, all DeFi projects are down as the hype is almost over, it's only NFTs tokens are enjoining the table for now.

The APY was one of the major factors that lure most of investors into DeFi. In a situation where you can stake your tokens with a guarantee of 200% APY will not bring fear.

For example : Token A offer an APY of 400%, you bought public sale at $0.1/token A
The token was stake as soon as tradiing start and price pushed to $1, after a year the price came back to $0.2 which has loss - 80% from all time high (ATH ), once you unstake token A, you will be having 400% of token at 2x.
This is why some investors aren't really bother about the price.

DeFi isn't dead, I believe some will survive based on their fundamental growth and team.

Becky666

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Quote from: Em00n01 on October 22, 2020, 03:25:56 PM

It was known to all that this won't last longer. But, Defi hype is not fully over and Manay projects will be dead with the end of hype. So i strongly suggest everyone to stay with the projects that has usable products in real world.

This was just a replication of what has happened in the past when ICOs where actually used to extort potential investors. The errand of defi's projects where actually created for the vulnerables in whom never experienced the past during the ICO days. Some of my argument when this projects went sporadic was that, defi projects are purely for extortion from well known scammers around the ecosystem and that's what we have seen.

Em00n01

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It was known to all that this won't last longer. But, Defi hype is not fully over and Manay projects will be dead with the end of hype. So i strongly suggest everyone to stay with the projects that has usable products in real world.

arjuna BTC

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Quote from: silkbitcoin on October 20, 2020, 03:03:23 AM

End of Defi hype! Time to invest in real business with real products?

Gas prices at 6 months low!!

DEFI hype investment hypes are over! it is really a time to invest in real business with real products!

a lot of money move from altcoins especially defi project to bitcoin now, thats why bitcoin price fly
but it doesn't mean if the hype on defi project end buddy
i think when a corrections coming to bitcoin price, the hype will come back to defi project mate

JeotQ

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Today Bitcoin is trading at 12000+ and majority of DeFi projects only brings 10% recovery, this is sadden and I have no choice but to accept what OP is saying, I think it's over for DeFi and only very few popular DeFi projects are still doing fine, it's better to invest in other strong projects that are old already, like BNB or ETH

leea-1334

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Quote from: Wingo on October 21, 2020, 03:20:53 PM

DeFi in the first place is not sustainable in the long run. People liked DeFi because of greed, for the high returns while not taking into account the inflationary characteristic of this scheme. This will be realized in the long run.
But on the other end, it started a bull run that affected the market as a whole, even non-DeFi coins had great gains.

This has always been clear from the beginning,,, that Defi has never been made to be long term and sustainable. Every thing about it was about boom and hype, even from the earliest ones. But people know this. And they knew this since ICO days!

Real products? People all know this.

TopT3ns

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Quote from: naikturun on October 22, 2020, 02:56:29 AM

still not if eth gas is still high because the average defi project uses the ERC 20 network, and you can see it on the ethplorer where the most gas consumption is used every day.
if it has indeed decreased, it means that Fomo is over.
If not that still exist.

indeed the exchange places that use the most ethereum gas are exchanges such as Uniswap etc. because the transactions there use gas and their respective fees, so in my opinion the Uniswap site has lowered its gas costs which are too high while for FOMO it will still be there just don't know when it happens again.

Bitcoin-Pro

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currently Litecoin is best investment. they work no Privacy update, and Paypal will support it with 3 other cryptos.
we could see Hype of Litecoin by the next weeks.

naikturun

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still not if eth gas is still high because the average defi project uses the ERC 20 network, and you can see it on the ethplorer where the most gas consumption is used every day.
if it has indeed decreased, it means that Fomo is over.
If not that still exist.

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