Topic: Is Defi New revolution or just like 2017 ICO,s ? - page 7. (Read 929 times)
It seems like ICOs looking from ROI. However, if you are in this game, irrespective of how good a project is, book profits and let it go. That's all I learned through last ICO trend. Good luck!
Some projects are definitely legit and offer something new, such as liquidity pool, decentralized credit check, etc. But after that tons of projects are trying to make the same thing and then noobs investors are throwing around money which is why they keep pumping. After some months it will probably die and those who does not innovate or get enough traffic will surely die. When that happen the price of those tokens will start to correct itself.
It's all based on hype and speculations at the moment, just like ICO's back in 2017. Traders/investors who are sharp enough will go with the hype earlier if they want to make quick money but sooner or later the hype will start to die down and once the death begins, late comers will be left crying.
I don't think that they offer something new, maybe it's just a new name and new hype. But it will be just the same as the ICO of 2017 and more hype that IEO currently. And as far as I understand, Defi decentralization + traditional banking systems, so what difference does it make in crypto sphere?
And look at this news: https://cointelegraph.com/news/yam-suffers-technical-outage-following-scam-accusations
And look at this news: https://cointelegraph.com/news/yam-suffers-technical-outage-following-scam-accusations
Quote
Yam finance (YAM), the latest fad in the crypto space, recently warned the public of a technical bug affecting the ecosystem.
"We have found a bug in the rebasing contract," the project said in an Aug. 12 tweet. "All funds in staking contract are safe, as this is an unrelated part of the protocol," the project added, also noting participants' Yam token holdings remain unaltered.
As the decentralized finance, or DeFi, crypto boom continues, something called yield farming has come into the spotlight. Yield farming is essentially the latest passive income fad in crypto. Yam has risen to the top of conversation recently as the headline act in the yield farming sector.
"We have found a bug in the rebasing contract," the project said in an Aug. 12 tweet. "All funds in staking contract are safe, as this is an unrelated part of the protocol," the project added, also noting participants' Yam token holdings remain unaltered.
As the decentralized finance, or DeFi, crypto boom continues, something called yield farming has come into the spotlight. Yield farming is essentially the latest passive income fad in crypto. Yam has risen to the top of conversation recently as the headline act in the yield farming sector.
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.
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.
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 ?
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