Is DeFi hype the same as ICO hype in 2017? - page 3.

albon

legendary

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Quote from: bitzizzix on August 31, 2020, 03:39:13 AM

Actually both have advantages and disadvantages both conceptually and the other and most importantly beneficial, and Defi is currently becoming a trend like the beginning of ICO and everything is going well and profitable for those involved.
and must learn from experiences such as the development of ICOs and must remain vigilant not to invest blindly because of big profits without thinking about the potential risks that will occur, learn from ICOs that will lead to fraud.

I agree with you. The ICO was an old lesson, I think that every investor should remember this lesson well in order not to put his money at risks. ICO and DeFi are all financing methods so we should not be fooled by the hype. I think that DeFi has succeeded in its goals, so publicly, we should improve the choice of the project in which we invest, because not all DeFi projects will be profitable in the future.

target

legendary

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Quote from: fortunecrypto on August 31, 2020, 11:19:59 AM

Quote from: BestEarningTips on August 29, 2020, 10:29:19 AM

I believe in blockchain technology, decentralization and decentralized applications and finance, but I'm extremely cautious about any hype, because when a hype runs out, some projects will close instantly and it's impossible to guess in advance whether you chose the right one. What do you think about DeFi? DApps are already proven themselves, will DeFi prove themselves too? Share your thoughts below

It takes some time before we know this but we old members are matured enough to know the difference, ICO is a form of crowdfunding while DeFi are governed by lines of codes and smart contract, I don't see the similarity at all, ICO 'is as is" they ask for our money so they can set up their platform, while DeFi is an interaction of smart contract, DeFi is evolving and I'm confident it will remain for more years, while ICO will be a thing of the past.

They were just comparing how the ICO kick start the rally and the DEFI which also started the rally.

What is unfortunate to this defi hype though is that there are altcoins that aren't climbing up. Unlike in the time of ICO where all projects are experiencing the bullrun together, nothing is left behind. This time, the ones you are holding back in 2017 are just staying as it is while the YFI is almost about to cross $40K. Projects UMA that you didn't even heard suddenly outrank the ones on top. Cheesy

NVZNtoken

jr. member

Activity: 43

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There's definitely a lot of hype about DeFi out there, and many people are looking to invest in DeFi projects without even trying to learn what DeFi is, just to stay in the loop. That doesn't necessarily mean that DeFi is overhyped, as there are many Decentralized Finance projects built on strong fundamentals and answering to real-life needs.

princecharles

copper member

Activity: 210

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I feel the Defi hype is worth the hype because its the birth of something great and wholesome in the cryptocurrency industry and its worth getting excited about it. On the other hand, ICO's were simply projects that wanted to get funds from users for the purpose of establishing structures, but most ICO's were basically pumps and refined ponzi scheme, because several of them added nothing significant to the space, but carted away with users funds.

fortunecrypto

legendary

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Quote from: BestEarningTips on August 29, 2020, 10:29:19 AM

I believe in blockchain technology, decentralization and decentralized applications and finance, but I'm extremely cautious about any hype, because when a hype runs out, some projects will close instantly and it's impossible to guess in advance whether you chose the right one. What do you think about DeFi? DApps are already proven themselves, will DeFi prove themselves too? Share your thoughts below

It takes some time before we know this but we old members are matured enough to know the difference, ICO is a form of crowdfunding while DeFi are governed by lines of codes and smart contract, I don't see the similarity at all, ICO 'is as is" they ask for our money so they can set up their platform, while DeFi is an interaction of smart contract, DeFi is evolving and I'm confident it will remain for more years, while ICO will be a thing of the past.

Desscount

full member

Activity: 1386

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ComboLabs

seems different, because this time Hype Defi is very healthy,
many support for Defi because this program is indeed a good program, different from Hype ICO 2017

mariah.sadio

full member

Activity: 573

Merit: 105

It even worse. Now in this hype much more money and this bubble could explode really harmful

Jackl87

sr. member

Activity: 1722

Merit: 269

The DeFi hype is really strong at the moment.
Today i tried to join the OIN public sale and the 15.000 spots for reservation were gone in a few minutes.
Of course i was not one of the lucky 320 winners Roll Eyes

.
But yeah times like that where you have to be lucky to be given the chance to invest, feel like 2017 again.

Westfiled

full member

Activity: 271

Merit: 100

Quote from: RabbiTANK on August 31, 2020, 07:30:40 AM

DeFi will bring lots of profits and still bring huge loss because many DeFi projects are overpriced lately and they aren't offering and good use cases than staking feature, be careful around DeFi projects

Almost all of the hyping defi were offering the same feature and there was no unique defi that has already created. I believe these defi will be dumped again to the bottom price very soon. It's just matter of time until everything will go to the red.

Bitstar_coin

hero member

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SecureShift.io | Crypto-Exchange

Generally speaking crypto is basically all about hype to draw the right attention, ofcourse we can also consider defi as such, lately the hype of defi project have grow so high now that almost all new project are going defi, lots of profit from defi project so it is very expected to see the hype keep increasing just like ico in 2017, but i feel it will also end like ico if it continues like this.

RabbiTANK

member

Activity: 224

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Sovryn - Brings DeFi to Bitcoin

DeFi will bring lots of profits and still bring huge loss because many DeFi projects are overpriced lately and they aren't offering and good use cases than staking feature, be careful around DeFi projects

landoffaucets

hero member

Activity: 1204

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For me it only shows that crypto is still finding the real use case and when it finds, everyone is amazed how sophisticately it solves the problem, but noone is thinking about the negative aspects. It is a new technology and we should be very careful with investing all of our money.

poodle63

hero member

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Leading Crypto Sports Betting & Casino Platform

Quote from: Gorosden on August 31, 2020, 03:05:17 AM

No they aren't the same, ICO was a new crowdfunding strategy for new crypto projects and DeFi is projects utility that is now more attractive to investors and whales, it looks like crypto fans now understand how important DeFi (decentralized Finance) is.

If what you are saying was true and why so many defi tokens can't be used on its own platform? as far as I know, if most of the new defi projects especially Y family projects were offering the staking ability, swap and there was no a unique feature that will be used to make its own token being fully used. The hype was the same with ICO.

trauchot

member

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It may be so, because once ICOs were gaining immense popularity and a huge number of people were interested in various ICOs, and now many people are interested in DeFi, I am sure that in a couple of years people will come up with something new and DeFi will lose its popularity.

bitzizzix

sr. member

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Enjoy 500% bonus + 70 FS

Actually both have advantages and disadvantages both conceptually and the other and most importantly beneficial, and Defi is currently becoming a trend like the beginning of ICO and everything is going well and profitable for those involved.
and must learn from experiences such as the development of ICOs and must remain vigilant not to invest blindly because of big profits without thinking about the potential risks that will occur, learn from ICOs that will lead to fraud.

Gorosden

member

Activity: 518

Merit: 30

$CYBERCASH METAVERSE

No they aren't the same, ICO was a new crowdfunding strategy for new crypto projects and DeFi is projects utility that is now more attractive to investors and whales, it looks like crypto fans now understand how important DeFi (decentralized Finance) is.

SistaFista

sr. member

Activity: 1638

Merit: 251

I hope not, ICO hype was causing many loss for people in the past because many scam projects.
Now, many DeFi projects has been created in crypto, i think those are not just a hype.
Good DeFi projects seems very profiting in the future because stable coins value won't going dump.

wmaurik

hero member

Activity: 2058

Merit: 710

The same hype, but it looks like the profit is more from DeFI in the past few weeks I see a lot of unclear DeFI but it can go up to 30x in a very short time and people who buy it early certainly get a lot of profit, but investing in projects like this It is very risky especially if you join DeFi project, which consists of Anon team.

ubay

full member

Activity: 728

Merit: 101

DeFi and ICO have similarities in getting investors, they open bounties on bitcointalk, with all the same procedures. So what's the difference? Nothing.

Don't be fooled by a new project that seems very big and promises big profits, DeFi is indeed a new breakthrough in the crypto sphere, I hope he doesn't take advantage of the situation to profit himself.

Kunnu

member

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Of course defi is hype which has been much profitable so far, lot of people made huge amount of profit by investing in some quality defi project and still it's all going in a positive way but in my opinion we must not have too much expectations with defi projects, it's better take it as an opportunity which may not be last long whenever its hype will be over.

Topic: Is DeFi hype the same as ICO hype in 2017? - page 3. (Read 640 times)