Is Defi can compete with BTC? | Bitcointalksearch.org

Twinkledoe

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Quote from: joseyphil82 on February 13, 2021, 06:32:55 AM

Bitcoin will keep it's hype forever and it's a stable hype but with DeFi everything is different, almost every week one DeFi project must be compromised or hacked, many DeFi projects will go down once this bull season is over because that's what I believe, only very little DeFi projects know what they are actually doing

Because most DeFis are created for the sake of the owner's pockets. Those hacking incidents, I believe, were more of inside job. They just put the word that it was hack. We couldn't tell the absolute truth as only the team can really know what really happened. And yes, after this hype, I don't know what the future of DeFi will be. They won't ever compete with btc.

joseyphil82

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Bitcoin will keep it's hype forever and it's a stable hype but with DeFi everything is different, almost every week one DeFi project must be compromised or hacked, many DeFi projects will go down once this bull season is over because that's what I believe, only very little DeFi projects know what they are actually doing

Sled

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No chance, bitcoin will continue to grow and will dominate the entire market, even De-Fi.

Bitcoin is proven through time and De-Fi could probably be like an ICO that will disappear in the long run.
So, please don't think of comparing any asset to bitcoin as bitcoin is the king and no other asset is better than bitcoin.

Kitaiev

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Defi is now making a good profit in bitcoin will just rise in price in the future. Defi may lose its hype in the future, while bitcoin is still at the beginning of its journey.
Keep some of your portfolio in bitcoin anyway.

ethereumhunter

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Quote from: natalia stark on February 11, 2021, 10:43:22 AM

i have been scrolling down the bounties section and seen so many projects related to Defi and Bitcoin but i cannot understand how the new project like Defi is giving a hard time to BTC and even to other altcoins like ETH and ripple and many more?

every post and campaign i am seeing is about Defi and its making more money than others/

why? Huh

We already saw the YFI price pass bitcoin price and it still increases while bitcoin does not want to increase higher for now. But bitcoin price will increase and start the next rally soon. But if we talk about the popularity, bitcoin will still be popular among the other coin, including Defi, because people's attention is now on bitcoin, and they want to profit from bitcoin. Only some people want to make a profit from DeFi. The DeFi attracts people to invest in their project because it can give them a short time profit, but we do not know what will happen to them. But bitcoin will online for a long time, and the price will increase from now on.

londongamer

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Quote from: fly.math on February 13, 2021, 01:25:38 AM

Quote from: Nisterse on February 12, 2021, 02:39:15 AM

DeFi themselves cant compete with BTC. DeFi's own fighter is actually ETH. Ethereum is gaining so much because of DeFi. The high gas fees is what most people are talking about and are irritated about it lol BTC and ETH are leading the market right now. Volumes are very important in this times. Gotta hold the both of them.

You should really have both bitcoin and ethereum on your bag on the first place, DeFi might be on the craze right now but anytime its trend can be killed and most defi projects will also die meanwhile, Bitcoin and Ethereum are both still proving that they are the leaders of the cryptocurrency market.

I do agree with you. Because BTC and ETH are both never able to surpass by any cryptos or coin. Well, maybe more other coins are stepping into the new ATH now, but as a holder and trader, you should not really just stick to it, much preferred to have a larger amount of BTC and ETH in the bag. Well, as much as I do, these two are what I usually trade on the exchange.

celmer

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Right now nope, BTC is high demand rather than getting DEFI tokens you should buy more Bitcoin as it's price will surge high more

WalkerIVIV

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Defi being created as a money generator by developers to provide the alternative decentralized financial system to make the centralized system that runs by the bank became obsolete. That has different purpose than bitcoin and bitcoin is a coin that already created to be internet's currency that will be adopted by all of people in the future.
The defi was giving more value to the crypto as the crypto can be used for the various purpose like lending, leverage and margin trading, market making and many more.
That means defi is a tool for crypto and no more. it's not comparable with mother of crypto.

fly.math

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Quote from: Nisterse on February 12, 2021, 02:39:15 AM

DeFi themselves cant compete with BTC. DeFi's own fighter is actually ETH. Ethereum is gaining so much because of DeFi. The high gas fees is what most people are talking about and are irritated about it lol BTC and ETH are leading the market right now. Volumes are very important in this times. Gotta hold the both of them.

You should really have both bitcoin and ethereum on your bag on the first place, DeFi might be on the craze right now but anytime its trend can be killed and most defi projects will also die meanwhile, Bitcoin and Ethereum are both still proving that they are the leaders of the cryptocurrency market.

Roidz

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Quote from: ?? on ??

I don't think Defi has the capacity to give bitcoin a hard time or compete with bitcoin in whatever ways, infact the defi boom is as a result for the bitcoin development and advancement in the crypto blockchain entirely. Defi is running on the success of bitcoin and other popular coins like ethereuem so I don't see any competition in the market.

DeFi generally runs with smart contracts on the Ethereum platform and even if defi has quite a lot of popularity right now, we can't necessarily compare it to bitcoin, as we know that bitcoin is a crypto that has its own uniqueness without depending on other blockchain platforms, while defi run on the help of smart contracts on the ethereum platform and one of the causes of the current defi price increase is also the impact of the increase in bitcoin prices which are starting to be accepted by many people.

isaac_clarke22

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Quote from: natalia stark on February 11, 2021, 10:43:22 AM

~

Making more money? Are you sure? For how long do they make "more" money? I understand that such project could be invested with lots of $$$$$$$.
But in longer term, are you sure that such project will still make "more money"?
I wonder why Bitcoin is still in number 1, ey?

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Quote from: lousie9 on February 12, 2021, 08:05:03 AM

do you mean compete in what way? between projects or pricing issues? If it is related to projects, of crouse there are many projects that have sprung up or paid participants in the form of BTC, and such projects are often followed by many bounty hunters, especially because of the guaranteed payment system in the form (BTC). but for the problem the price of Defi projects varies. Although Defi can now be said to be a new alternative for short-term investments, it is important to remember that DEFI is very risky. You need to be vigilant before investing in the hype Defi.

I thought to think of it as a competitor would be ridiculous. DeFi project won't match BTC. Indeed, currently, the DeFi project is popular and was born in several project concepts. but it's like an ICO project, when the scammers start coming it's at risk of being immediately abandoned by the community.

lousie9

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do you mean compete in what way? between projects or pricing issues? If it is related to projects, of crouse there are many projects that have sprung up or paid participants in the form of BTC, and such projects are often followed by many bounty hunters, especially because of the guaranteed payment system in the form (BTC). but for the problem the price of Defi projects varies. Although Defi can now be said to be a new alternative for short-term investments, it is important to remember that DEFI is very risky. You need to be vigilant before investing in the hype Defi.

youdacapt

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Quote from: natalia stark on February 11, 2021, 10:43:22 AM

i have been scrolling down the bounties section and seen so many projects related to Defi and Bitcoin but i cannot understand how the new project like Defi is giving a hard time to BTC and even to other altcoins like ETH and ripple and many more?

every post and campaign i am seeing is about Defi and its making more money than others/

why? Huh

DeFi is indeed good and has very sustainining projects in the crypto currency space; with good amount of adoptions too, but it cannot compete with bitcoin; etherum, ripple with amass of volume has yet to compete with bitcoin; defi has yet to compete with etherum, then bitcoin ? By now you should understand how the markets work, do not let your emotions get a better of you at all.

Always do your own research.

Sendi blackspade team

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Quote from: lienfaye on February 12, 2021, 07:37:04 AM

Quote from: natalia stark on February 11, 2021, 10:43:22 AM

i have been scrolling down the bounties section and seen so many projects related to Defi and Bitcoin but i cannot understand how the new project like Defi is giving a hard time to BTC and even to other altcoins like ETH and ripple and many more?

Defi is giving hard time to bitcoin? I dont think so. Even defi hype happened, btc is not really affected by it.

Many investors join the hype but it didnt last long, and just like the past ICO and IEO it might have the same ending if people are already tired of it due to scam.

I agree with you. many investors probably are simply following the current DeFi hype. but they are only temporary and will not last long. The very powerful ICOs developing altcoins were once considered very successful. Likewise, IEO is considered as a solution. but when scammers start coming the market starts to get quiet. and the alternative that is always trusted is the top market assets with large capitalization.

lienfaye

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Quote from: natalia stark on February 11, 2021, 10:43:22 AM

i have been scrolling down the bounties section and seen so many projects related to Defi and Bitcoin but i cannot understand how the new project like Defi is giving a hard time to BTC and even to other altcoins like ETH and ripple and many more?

Defi is giving hard time to bitcoin? I dont think so. Even defi hype happened, btc is not really affected by it.

Many investors join the hype but it didnt last long, and just like the past ICO and IEO it might have the same ending if people are already tired of it due to scam.

Balladtony77

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DeFi projects can only compete among themselves not with btc, not with Ethereum, there is a big difference between a project that's old and already have too much popularity than a project that just come around probably a year ago, it doesn't make sense to compare

bitjoin

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Quote from: natalia stark on February 11, 2021, 10:43:22 AM

i have been scrolling down the bounties section and seen so many projects related to Defi and Bitcoin but i cannot understand how the new project like Defi is giving a hard time to BTC and even to other altcoins like ETH and ripple and many more?

every post and campaign i am seeing is about Defi and its making more money than others/

why? Huh

You said the Defi project made Bitcoin difficult, Can you explain in what ways the Defi project makes the bitcoin difficult.?
The Defi phenomenon is an increasingly advanced development of the crypto world. After ICO and IEO, now Defi is dominating, and until now the hype is still there in the defi project. So it doesn't make a sense if Defi tries to compete with Bitcoin, because it will never happen.

xenophilya

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Quote from: valek.bruno on February 11, 2021, 10:56:28 AM

No DEFI sector is a new round of technological breakthrough in the field of investment and finance, so I think that the coexistence of these technologies will be for the benefit of the entire cryptocurrency community. Time, as usual, will put everything in its place.

I totally agree with you, DEFI will in many ways transform the financial sector and I personally feel that in the near future people will trust DEFI as a better way to do financial activity, given the fact that DEFI shares power amongst the party involve that will be an advantage for adopting DEFI.

trauchot

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Defi is just a sphere and of course the technologies and capabilities of defi sphere are incredible, but if we will talk about cryptocurrencies, then bitcoin, as it was in the first place, will continue to be in the first place in the future, and the defi sphere appeared only recently, and of course there is a huge hype around defi the sphere and defi projects, but I don't see that this somehow badly affects bitcoin, on the contrary, bitcoin only grows in price, so I am glad that the defi sphere is so popular and is developing so successfully.

Topic: Is Defi can compete with BTC? (Read 289 times)