The year of ICO few projects survive, I think the same will happen to DEFI too. Link still remain the king of DEFI, every other DEFI has grown out f use case. They called it Decentralized finance but many are manipulated in price just to get the interest of people. It has happened before and it's still happening again, only those who can moderate their greed will survive.
You can digest this with overview of DEFI projects in general.
https://bitcointalksearch.org/topic/overview-on-defi-5256820
Topic: Is Defi New revolution or just like 2017 ICO,s ? - page 6. (Read 929 times)
Yall realize the supply changed with the price so the marketcap is actually what you should be looking at right? You might be used to the old way..this is elastic supply world and your judgements need updating to include that paradigm also.
I think that there will be something similar to ICO and IEO boom, now there is a rise, then there will be a fall and at the end there will be a small number of strong defi projects.
DeFi is a new revolution and peoples hyped DeFi. They are investing money in DeFi project blindly. And the scammer trying to take advantages of this hyped. Thy are opening new project without proper business plan. Investor should take a look before investing otherwise they will regret for it later.
Its the new revolution in the crypto industry but then the hype is becoming too much just as the use case too wil still become the regular repetition of already existing DeFi projects existing in the space. just hope people don't take the DeFi projects too seriously as not to fall victim of any project that isn't solving a real life problem.
The Hype Defi has caught the public's attention especially for cryptoqurrency investors who are now turning to take part in it, I think this kind of Hype Defi will not last long, only to attract market investment and after that it will stop. maybe someday someone will regret it or get stuck in Hype Defi.
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 ?
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 ?
Its almost the same thing but revolutionized in a way with smart contracts, its not just about crowdfunding like how it did in 2017 ICOs. If its being hype today then just go along because after all, its the trend and you still can make money out of it. But its best that you just invest to the old ones like the Aave, Compound, Bancor and LINK. They seem to be the first and are making good spikes this few months.
Defi is definitely (no pun intended) not a financial revolution, it's literally just a bunch of tokens and smart contracts based around swapping tokens with each other. It can't do what the traditional finance does, and with knowing how slowly crypto and blockchain solutions get adopted, it's clear that DeFi is overhyped. Also a lot of hype comes from unsustainable returns in various DeFi funds. Maybe it's not like ICOs, because it's a bit harder to make a DeFi project, compared to ICOs where anyone could make a site and a token sale smart contract.
Both DEFI and ICO have one moto - make money! DeFI is just a more sophisticated form of making money by its owners. I am sure DeFI is also going to have the same fate like ICOs sooner or later!
Definitely there will be few DeFI protocols which are going to stay for longer but most of the protocols will die eventually if not sooner. I have seen few non-collateral platforms as well and I am not sure how are they going to recover money from the borrower if the borrower runs away. It reminds me of BTCJAM and BTCPOP platforms where I have personally money!
Definitely there will be few DeFI protocols which are going to stay for longer but most of the protocols will die eventually if not sooner. I have seen few non-collateral platforms as well and I am not sure how are they going to recover money from the borrower if the borrower runs away. It reminds me of BTCJAM and BTCPOP platforms where I have personally money!
DeFi basically the usage smart contract. While there are some legit usage of DeFi smart contract, it's nothing revolutionary.
Cryptocurrency continues to evolve rapidly and DeFi is one of the necessary milestones along the way. Not so long ago, we were discussing whether it would be possible to use cryptocurrency for loans, credits, and deposits. ICO projects and cryptobanks appeared that promised to carry out these operations. With the advent of DeFi, this is becoming a reality based on smart contracts. Moreover, as it turned out, banks are absolutely unnecessary here.Also stablecoins appeared, which are pegged to regular currency, but backed by cryptocurrency. Such stablecoins can even provide their holders with a certain profit, as they deviate more from the set value of the unit than regular stablecoins.
The current hot topic is the Defi project. Even if there are too many nowadays, there will definitely be competition. And surely there will also be DeFi projects that die because they can't compete. If DeFi is still the main choice, then it's not wrong to invest in it.
Defi is a trend like IEO in 2019, at the first stage there will be a lot of successful and profitable projects for investors, but then there will be bullshit projects and make for investors to lose money
Today I saw a Defi project crash 99% in just a few minutes. They received a lot of attention from investors and the market cap went up to 60 million dollars, but then there was FUD and the price dropped quickly causing a lot of people to lose money. You can search the YAM project on twitter to find out about thatThat's how things happened inside this volatile market, speculative movements done by FOMOS and FUDS we can't never say what will
be the next actions that will happen, maybe it's just another test to see how strong investors for this project can be, weak holder will surely be affected, people who did not find time to do their research always lose their money inside this venue of investment.
Defi is not like an ICO, Defi is a revolution of the future decentralized financial program, DEFI is not a fraud, but ICO can be a fraud,
2020 to 2022 is a very exciting year for cryptocurrencies, lots of adoptions, lots of new projects, and lots of new programs.
2020 to 2022 is a very exciting year for cryptocurrencies, lots of adoptions, lots of new projects, and lots of new programs.
Defi is a trend like IEO in 2019, at the first stage there will be a lot of successful and profitable projects for investors, but then there will be bullshit projects and make for investors to lose money
Today I saw a Defi project crash 99% in just a few minutes. They received a lot of attention from investors and the market cap went up to 60 million dollars, but then there was FUD and the price dropped quickly causing a lot of people to lose money. You can search the YAM project on twitter to find out about that 
it's good to invest in the defi platform as long as it has real usage. There will be so many new defi that will be selling gimmick rather than the real use case. Some crap projects have already started to launch their scam defi in the market right now.
Actually DeFi is a revolution, unfortunately currently DeFi has started to be tainted by projects that only follow trends, but end up with a scam and I think for the rest of the quarter in 2020 there will be many more projects that follow the DeFi trend which is a scam which is very unfortunate
Defi is a trend like IEO in 2019, at the first stage there will be a lot of successful and profitable projects for investors, but then there will be bullshit projects and make for investors to lose money
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 ?
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 ?
I would say indeed that defi is a good form of investment in today world, but you have to wary and then do your own research to ensure you invest in the best defi around you. So that when the hypes are no more; the quality projects, products you invest in, will yield profits. Remember that you can take both short term and long term gains from investment.
it was just a trend to heat up the crypto space and was no longer available for a long time.
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