Is Defi New revolution or just like 2017 ICO,s ? - page 3.

ahmia39

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Quote from: Katunga on September 02, 2020, 04:39:39 AM

Could anyone assist me how to buy UNIFI coins. And which of two is the better one?

I have checked the UNIFI coin and the coin is only available on the Uniswap (V2) exchange other than that it does not exist, because on the FatBTC exchange there is no volume at all, so you can only buy it on the Uniswap exchange (V2), for more details you can access the two links that I provide here:

https://coinmarketcap.com/currencies/unifi/markets/
https://www.coingecko.com/en/coins/unifi#markets

BitcoinPanther

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Quote from: DarkTrix on September 02, 2020, 03:37:48 AM

Soon dozens of projects will come out cloning each other. There will be many scam among them

If this happen, this DeFi hype will be just like 2017 ICO. The moment scammers flocks in to imitate DeFi project then many investors will stay away from it just like what happen in the ICO hype where lots of investors lost their money due to scams.

Every trend will come to its end, just like what happen to ICO craze of 2017. Sooner or later DeFi hype will wane and a new trend will appear.

bgaf

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It is just the same with ICO the only difference is the existence of yield farming projects. Most of those ICO before are based on platform, but now lending, staking and many more are on the hype. I wonder what would be the case of this hype in the end. Either we gonna go to the bull run or will be going back to bear market.

imstillthebest

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Quote from: ?? on ??

I agree with what has been said. It is certain that he will share the same fate as the ICOs. Nevertheless, it would be best to make a profit by taking advantage of opportunities instead of waiting for it to turn our backs completely and collapse. During the ICO period, we made good money in this way. Currently, my investments in many cryptocurrencies are above ICO prices.

we ? maybe you only because your good at investing but for me im not an investor so i dont experience to earn on those ico . for other investors not all feedbacks i heard are positive but there are also people that have a bad experience on investing in ico .

i dont think these people will repeat the same mistake what they did on the past so investing in defi will be a big no for them .

Genemind

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The same hype happened with ICO, IEO, and now Defi. It's still too early to say and the hype is still on. The prices on the DeFi project jumps massively and is not considerable as healthy. The reward is great but the risk is really high. That is why be careful when you are joining the hype. It could lead to the same fate as what happened to ICO before.

Katunga

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Could anyone assist me how to buy UNIFI coins. And which of two is the better one?

cryptoknightt

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Quote from: 20kevin20 on August 13, 2020, 06:33:18 AM

Will probably have the same painful death ICOs had. One thing you maybe could keep an eye on is the very few first DeFi coins, but be careful about investing in them as well. Usually, it's the first few coins that get the hype started. The upcoming ones are crapcoins sitting there just to try taking advantage of it. But to be honest, I think it's already very late to join the hype.

ICOs showed us what "revolution" really means. If there's any coin or technology to revolutionize the markets and crypto domain, it'll show its true potential in a matter of years like Bitcoin did. Can't say this is going to be a long-lasting thing, it's too early and the hype is already overpowered imo.

maybe you have a point, because this is still the beginning, however defi coins have been around since 2017 but it is not as hype as it is now or is it because of the current pandemic and economic crisis that defi is rising and trending, I don't know for sure but if indeed a new innovation will certainly last and growing.

bitcoingape

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Quote from: DarkTrix on September 02, 2020, 03:37:48 AM

Quote from: bitcoingape on September 02, 2020, 03:33:47 AM

Quote from: trauchot on September 02, 2020, 03:29:40 AM

At the moment, DeFi very much attracts investors in the cryptocurrency sphere, and it is now possible and even necessary to make money by investing in DeFi cryptocurrency projects, so there is no time to waste, but you need to act.

I have an idea, why don,t on this thread we put few defi here as a list i,ll put it on table, so that everyone can see this & take profit also

& it would be crowd based opinion, so that chances of scam also would be quite less

Soon dozens of projects will come out cloning each other. There will be many scam among them

for sure various projects would come as clone but my idea is everyone who were reading this thread can put favorite projects here & we can put voting on it & maybe invest on it if they think its worth to invest

Killrbit

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As with the ico boom from 2017 there will be a some legitimate tokens but again few and far between. DEFI does have a lot of potential and use cases but right now a lot of these tokens seems to have the mechanisms of ponzis. That's not to say you can't make money of it but people need to remember how the ico boom eventually faltered.

tvplus006

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Quote from: bobyhodob on September 01, 2020, 06:42:15 PM

indeed many talk about DeFi as hype but you have to be able to take advantage of this to be able to make a profit, it does have a big risk but you can see the various DeFi coins that have entered the Binance exchange, and it seems impossible if bad coins enter the exchange Binance, so there's nothing wrong with buying a few coins with your capital, after that, wait for the price to go up and take a fresh profit before the price goes down again.

I know what a HYIP is, but I still don't understand how the price can increase from $35 to $39,000. Now 2 forks of the YFI token have been made and one of them is already trading at $ 8,000 (YFII). And this happens at a time when there is no working project behind YFII at all.

DarkTrix

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Quote from: bitcoingape on September 02, 2020, 03:33:47 AM

Quote from: trauchot on September 02, 2020, 03:29:40 AM

At the moment, DeFi very much attracts investors in the cryptocurrency sphere, and it is now possible and even necessary to make money by investing in DeFi cryptocurrency projects, so there is no time to waste, but you need to act.

I have an idea, why don,t on this thread we put few defi here as a list i,ll put it on table, so that everyone can see this & take profit also

& it would be crowd based opinion, so that chances of scam also would be quite less

Soon dozens of projects will come out cloning each other. There will be many scam among them

bitcoingape

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HIRE US: https://t.me/bitcoingape

Quote from: trauchot on September 02, 2020, 03:29:40 AM

At the moment, DeFi very much attracts investors in the cryptocurrency sphere, and it is now possible and even necessary to make money by investing in DeFi cryptocurrency projects, so there is no time to waste, but you need to act.

I have an idea, why don,t on this thread we put few defi here as a list i,ll put it on table, so that everyone can see this & take profit also

& it would be crowd based opinion, so that chances of scam also would be quite less

trauchot

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At the moment, DeFi very much attracts investors in the cryptocurrency sphere, and it is now possible and even necessary to make money by investing in DeFi cryptocurrency projects, so there is no time to waste, but you need to act.

albon

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Quote from: tvplus006 on September 01, 2020, 11:24:18 AM

I like when something new appears in the market, such as ICO and IEO. Investors have a real opportunity to invest their capital in a promising project. Now we are seeing a hype around DeFI projects, which, if chosen correctly, give a profit of thousands of percent.

It is good to see a new and good financing system that joins the crypto list, so that any investor has complete freedom to choose what he wants to invest his money in. Each system has its time and hype, and even with DeFi projects, there will be projects that will succeed and give a good profit return, and there are projects that will fail or turn To a scam, that's why I see that DeFi is very similar to the ICO with its risks and great profit advantages.

Yamifoud

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It is better to read and understand how the Defi system works and help to understand that it was different in how ICO disappoints us.

https://academy.binance.com/blockchain/the-complete-beginners-guide-to-decentralized-finance-defi

This a reason why we call it revolution and having this new system will help to minimize the risk involved. People trust the system and make it hyped. However, the current situation will never be like that forever, not it takes so long and sees the surge will be kept like that. It soon to calm once the demand stabilizes. It is for now since the system is newly launched and people are eager to try it which I believe as worth trying.

bobyhodob

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Quote from: MCobian on September 01, 2020, 06:35:49 PM

I think DeFi projects that are currently hype are similar to ICOs in 2017. But so far they are still more profitable
the existing ICO in 2017. Even so, there is nothing wrong with investing in DeFi projects, because based on my
analysis DeFi projects will still continue to grow until 2021. So it's pretty good investing in DeFi projects right now.

indeed many talk about DeFi as hype but you have to be able to take advantage of this to be able to make a profit, it does have a big risk but you can see the various DeFi coins that have entered the Binance exchange, and it seems impossible if bad coins enter the exchange Binance, so there's nothing wrong with buying a few coins with your capital, after that, wait for the price to go up and take a fresh profit before the price goes down again.

MCobian

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I think DeFi projects that are currently hype are similar to ICOs in 2017. But so far they are still more profitable
the existing ICO in 2017. Even so, there is nothing wrong with investing in DeFi projects, because based on my
analysis DeFi projects will still continue to grow until 2021. So it's pretty good investing in DeFi projects right now.

pedpedped101

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Quote from: Renampun on September 01, 2020, 06:10:14 PM

Quote from: Baimovic on September 01, 2020, 03:25:14 PM

I don't think that the DEFI project has a real use case for future investment, for me it's a HYPE. but since the beginning of DEFI's emergence in the industry, they have attracted the attention of investors to join in and may be good for those who are good at taking quick profits in the Defi project.

I agree with you, DeFi's popularity will not last long, only HYPE...
It is very risky to invest in DeFi in current conditions, most investors who have been holding on for a long time must have taken their profits, it is not safe to invest in DeFi that are at the top right now.

The problem is that many people now have this mentality of Defi projects as having continuous pump, when it's not a ponzi. Only ponzi scheme will.keep.going high without any corrections. I prefer the organic growth of a coin and that can be sustained for a long period of time.

Renampun

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Quote from: Baimovic on September 01, 2020, 03:25:14 PM

I don't think that the DEFI project has a real use case for future investment, for me it's a HYPE. but since the beginning of DEFI's emergence in the industry, they have attracted the attention of investors to join in and may be good for those who are good at taking quick profits in the Defi project.

I agree with you, DeFi's popularity will not last long, only HYPE...
It is very risky to invest in DeFi in current conditions, most investors who have been holding on for a long time must have taken their profits, it is not safe to invest in DeFi that are at the top right now.

Denies Distro

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Quote from: ameliana on September 01, 2020, 04:08:48 PM

To be honest, I personally don't trust the Defi project that is being discussed in this forum. because they are too good to be true or have no real use cases. suppose (BTC, ETH, BNB etc) are coins which actually have real use cases for future investment.

Some defi have a usecase, if in doubt, maybe you can learn a little about defi on some defi monitoring site, for example DefI Pulse, then click the defi project that you want to learn there an explanation of the different use case of DeFi, it's just that in my opinion what's wrong with the current trend too many developer make DeFi and it makes it strange because the average concept is almost same and this causes the potential for a scam project to enter very big.

Topic: Is Defi New revolution or just like 2017 ICO,s ? - page 3. (Read 929 times)