Is Defi New revolution or just like 2017 ICO,s ?

leea-1334

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Quote from: maldini on December 11, 2020, 01:08:42 AM

One thing you perhaps could watch out for is the not many first DeFi coins, yet be cautious about putting resources into them too. Ordinarily, it's the initial not many coins that kick the promotion off. DeFi Community may not generally be required relying upon their venture odes yet we should even now consider that there are as yet numerous that are a great idea to consider like Chainlink and Bancor.

Defi may have started in 2019 but it is pretty clear that the coins that people consider Defi right now all started max in March 2020 during the stockmarket/BTC black day crash. It is still not clear if any of thse strong coins will be around even after a year. I would just stay away and stick to good old BTC.

Lantind

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Quote from: Drahzar on December 10, 2020, 11:22:34 AM

Not sure it's revolution I think it's more like following concept, next development stage. Not hype, more like long term investment.

Why is it more suitable for long-term investment? while everyone cannot clearly predict what the future will be, will that development continue without any obstacles?

Quote from: ?? on ??

Agree with u, I'm also think that defi is like a huge investment and fintech opportunity for market. I prefer to invest in credible dex projects

How do you see a great opportunity for the market? while some people just got to know DeFi this year even though DeFi has been in development for a long time, although not immediately hype at that time.

Argoo

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DeFi projects are just a new direction in cryptocurrency development. It must be further developed and deepened. There is still a lot of practical work to be done in order for individual projects to bring additional conveniences to people and be in demand. Of course, this is new in the world of finance, but it would be wrong to call it a revolution, if only because a relatively small number of people will use DeFi services. In any case, it takes a lot of time to attract people's attention to them. As always in such cases, scammers want to take advantage of all the new ones. Therefore, along with good projects, as always, there will be fake ones.

maldini

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One thing you perhaps could watch out for is the not many first DeFi coins, yet be cautious about putting resources into them too. Ordinarily, it's the initial not many coins that kick the promotion off. DeFi Community may not generally be required relying upon their venture odes yet we should even now consider that there are as yet numerous that are a great idea to consider like Chainlink and Bancor.

Chuky92

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Quote from: bitcoingape on August 13, 2020, 05:32:44 AM

Guys
these days heard lots about Defi ?

what do you think Defi have some real use cases if yes

would you think its good to invest in it ?

Yes I have heard a lot about Defi and it stands for Decentralized Finance, and it was created to offer more efficient, secure and decentralized financial services to users, wherein the first Defi projects were true to their goals and hence kicked off the hype, a lot of others which came afterwards were just there to leverage on the hype already created to defraud people. In addition, I think DeFi have some good uses cases, at least it was this use case that attracted the investors to the first sets of DeFi projects hence causing the growth we are seeing today, if there was no use case I don't think it would have grown to such an extent, but as usual only few are with use cases, others are not. However, about investing, I would not advice anyone on that, because it is a personal decision; but if one really want to, then he can get started with the old ones to really understand their concept and thus will enable him to decide on the type of Defi projects he want to invest in.
Lastly, Defi isn't causing any revolution in my own understanding so far, because the growth was only witnessed within a few months and now the hype is already dropping. When we talk about revolution, the likes of Bitcoin, Ethereum etc comes to mind.

Kezacky

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Current DeFi projects are not as popular as before, the DeFi Project will only disappoint those who don't know how to do research. the strong use case and utility is why we choose coins or tokens and keep them for a very long time in the hope they will grow bigger one day. if you want to take part in DeFi then always consider it a thousand times!

Baimovic

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Quote from: Drahzar on December 10, 2020, 11:22:34 AM

Not sure it's revolution I think it's more like following concept, next development stage. Not hype, more like long term investment.

for me personally not. the truth of Defi is sheer sensation. this will not last long, the crypto concept changes over time. If at another time some new types of programs appear that can attract the market, the hype defi will be abandoned. of course investors follow market trends.

Drahzar

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Not sure it's revolution I think it's more like following concept, next development stage. Not hype, more like long term investment.

lousie9

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In my opinion Defi is not a new revolution other than ICO, actually in the same year or when the heyday of the ICO started, people were interested in taking advantage of investment through ICO and then Dorrrrr. Well, now you can compare it to Defi, after seeing the insane increase of the Defi coin, most investors are interested in taking part in it.

South Park

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Quote from: @baoli on September 05, 2020, 02:42:03 PM

With the owner of Sushi withdrawing over 20k ETH worth about $8m it is a sad thing to Defi. The completely genuine one are taking the hit with bzrx losing over 1$ to hit back at 0.5$ . I see the whole hype fading away soon.

Do you have a link to that news? I tried to look for it but I could not find it, however if true it is very discouraging and it could explain why sushi has collapsed and lost 65% of its value in just a week, people need to be very careful it is easy to let yourself be dragged by the emotions in the market but you need to always ask yourself if what you are seeing makes sense, and if it does not then you must be aware that this cannot continue forever and at some point it will end.

ampu

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DEFI is truly a revolution in the crypto market, by locking in liquidity and benefiting from loans and loans. Some older DEFI projects are demonstrating this model's effectiveness. Younger DEFI projects offer higher returns and risks. Copying the code and anonymous DEV teams have resulted in fraud and value manipulation. We need to be aware before investing in these projects, it is not that high and fast returns are good, and most importantly safety and certainty.

southerngentuk

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I think it's been exaggerated and defi market is in some bubble, some kind of temporary hype that will burst sooner or later, there was some other technology before that like POS or DPOS, and now its Defi time, next year would be something else, but it helps market grows.

Shasha80

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It is true that DeFi projects are the best choice for investment right now, after the ICO / IEO hype. You can see that almost
all DeFi projects in 2020 have experienced hype, but unfortunately DeFi projects have no real use cases. Therefore, the current
price of Bitcoin dumps, affecting the price of DeFi projects in markets that are dumped too. But that doesn't mean investing in
DeFi projects is bad, we just need to take advantage of the current market situation to buy some potential coins, including DeFi
projects that are still good for investment, especially for long-term investments.

Viscore

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It can't be simply to judge but seeing many of the projects involve here, it also leaves the idea that we are likely the same situation. A lot of not known project gets hypes, that was pretty amazing but I suppose not to buy this show because it is actually different from the normal event.
I believe that Defi is just a tool to trick people but not a tool that helps to make the market more sustainable that we are looking for.

Denongels

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This is a revolution, but we have to remember that the current defi project, some of which come from ICO project, and the project that actually brought a revolution is the DeFI project which was just launched this year, but unfortunately currently DeFi trend is often misused because there are too many new DeFi projects that have been launched. recently held tokensale not reached several months already exit scam.

saint_casanova

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Quote from: Barbut on September 05, 2020, 02:40:51 PM

It's some kind of revolution, but be aware as we had many scam ICO's, we will have many DeFi scams too. It's how it goes, but we will have something good that will come out from this madness. Some DeFi projects are really good and they will survive in the long term, as we have some coins that started with ICO and now they are big. Just don't invest in any DeFi, do some research, and try to trust the top ones.

Hopefully, this is the course of action for Defi and there will many good Defi projects come out from this overhype phase like it was to ICO. Though I worry there is a certain threshold for Defi scams that if it was too high, a crash could leave a strong impact on both Defi and crypto market.

Do you still remember how the crypto market was after the ICO crashed with Bitcoin going as low as $4000. We should learn a lesson from it and don't fall FOMO to Defi scams so it won't leave an unhealthy mark on the market.

Akoldi_ibk

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Quote from: @baoli on September 05, 2020, 02:42:03 PM

With the owner of Sushi withdrawing over 20k ETH worth about $8m it is a sad thing to Defi. The completely genuine one are taking the hit with bzrx losing over 1$ to hit back at 0.5$ . I see the whole hype fading away soon.

Yes, I agree with you. The whole hype is fading away and people are learning the hard way. Moving forward, everyone will be more cautious before considering any DeFi. On the other hand, I think this saga will put to test the DeFi projects with only the genuine ones surviving the waves.

@baoli

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With the owner of Sushi withdrawing over 20k ETH worth about $8m it is a sad thing to Defi. The completely genuine one are taking the hit with bzrx losing over 1$ to hit back at 0.5$ . I see the whole hype fading away soon.

Barbut

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It's some kind of revolution, but be aware as we had many scam ICO's, we will have many DeFi scams too. It's how it goes, but we will have something good that will come out from this madness. Some DeFi projects are really good and they will survive in the long term, as we have some coins that started with ICO and now they are big. Just don't invest in any DeFi, do some research, and try to trust the top ones.

robattfield

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Quote from: ?? on ??

Quote from: jekanmasin on September 02, 2020, 02:29:50 PM

The Defi hype are still on but it still cannot defeat the era of Icos back in 2017.. Where all buying tokens even a shit one. Defi has being so hyped lately and i can see the clone are popup so fast right now as they want to make an easy money from the Defi hype which is has no values at all. No project to be offer just a copy paste from other project.

Yes, too much popularity that even Ponzi schemers are now joining the the DeFi hype. And sadly some DeFi projects looks like HYIP. I am sure many DeFi projects that practice this system will eventually collapse even before reaching its goal, just like the typical Ponzi scheme.

There are a lot of projects that are not Defi but they are trying to add Defi to their project, it makes me feel really confusing because it will make their project much different from the idea original. All for profit and want to gain interest from investors

Topic: Is Defi New revolution or just like 2017 ICO,s ? (Read 929 times)