🔺let's admit it, Bitcoin time is over, now DEFI Time 🔺 - page 3.

YOSHIE

legendary

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Quote from: kripto_corumlu on January 25, 2022, 02:57:29 PM

while defi coins create satisfying revenue for me?

It's your right, everyone has a choice and also speculation on their respective coins, can't force to do A and B, everyone has speculation in terms of investment and trading.

I read very often about DeFI dropping Bitcoin, but until now there is no way for it, DeFI is just talking nonsense, the proof is, Bitcoin price is dropping, DeFI is also following, and vice versa, Example: Uniswap, CAKE, LINK etc, it means that it does not have a good ecosystem for DeFI.

What you need to know is that Bitcoin was created as a cryptocurrency, while DeFI was not, it was just designed in the Bitcoin ecosystem to be able to use cryptocurrencies, it means DeFI can't do anything if crypto doesn't exist, don't get me wrong in judgment and you do something to DeFI, you can end up disappointed, maybe right now you still have good luck in DeFI, don't fantasize about DeFI.

Dave1

hero member

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I guess you forgot that everything in crypto hinges on bitcoin right?

So it bitcoin is on a massive downfall, almost all crypto is down, just like what we are seeing right now. So there will be no Defi time, besides it's just a hype, Defi, NFT's, for sure they will see better days.

And just like I said in the past, it's a cycle, so yeah Defi might be they hype, but it will surely come to an end so the best thing to do is take advantage of it.

yhiaali3

legendary

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All these things you are talking about mainly revolve around Bitcoin, Bitcoin is the main driver of the market, DefI or NFT projects or shitcoin can't make any progress unless Bitcoin moves forward, I agree with you that investing in these things is more profitable than investing in Bitcoin but when you look For a reliable investment, a store of value and a guarantee for the future, Bitcoin must be your first choice. Investing in these projects can only make quick profits, but they can never be trusted in the long run.

cabron

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I got in early to one of the Defi projects to earn a substantial amount in the first few months but after the project encounters thier first correction, it didn't retrace back to its ath, and then now it's just downwards over and over. The price when it was first traded on the exchange was $4 but today it's just $0.06. I'm glad I still back away while the price was $2. Defi is not worth investing in.

What could be worth it is the project starts with a price of less than a cent and then climb up. I saw one of them but not really a good time to experiment with it today. Trading with BTC still is the best option even when the market is becoming a bear.

Wexnident

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I don't request loans~

I mean if you're talking about the hype and whatnot, then Bitcoin definitely isn't on the list most of the time, and definitely not now due to how the market is down the dumps, but you can't deny how much safer it is as an investment compared to, well, yours. Or any other altcoin investment. Yes, multipliers between the two are rather different since you can make 100x in one sitting, but it doesn't guarantee that it's YOU who's going to make it, you could be part of the majority, the ones that lose their money instead.

Honestly if you really want to, just diversify your investments. No need to go all-in on a risky project that is built on hype.

sheenshane

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Quote from: kripto_corumlu on January 25, 2022, 02:57:29 PM

I dont see anyone around me invest in bitcoin anymore, everyone are all in DEFI; staking, lending, farming, dex pools all of them are creating highly satisfying apy.

Don't be a fool if you don't want to regret it in the future.

They seem hyped like NFT's projects that currently make some noise. You can't lean on them for long-term purposes, they are still considered as risky investments than Bitcoin.

Everything depended on the Bitcoin price and IF Bitcoin is over your Defi coin is also over. I don't know how you will come up with this statement it seems nonsense to me.

chaser15

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If that kind of strategy is effective to you and it seems you are getting good profit out of it, then just continue.

Still, I won't buy the idea that Bitcoin is over. Without Bitcoin dominance, your Defi stuff won't hype.

What matters is, we always consider doing some diversification, and investments are not limited to only Bitcoin. Just don't live with your moon expectations or else you will end up disappointed.

LFC_Bitcoin

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Defi, a bit like NFT’s, a bit like ICO’s in 2017 bull cycle. Basically a desperate hope for people who missed bitcoin early to make money. Sadly most of these attempts end up futile and people end up broke. Bitcoin is the King, whilst a small position in some alts is OK, I wouldn’t advise too much.

_act_

legendary

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Lightning network is good with small amount of BTC

DeFi is the greatest scam of 2021, it is also not decentralized which has been one of the reasons many scams are possible.

https://www.cnbc.com/2021/11/19/over-10-billion-lost-to-defi-scams-and-thefts-in-2021.html

Quote

Overall losses caused by DeFi exploits have totaled $12 billion so far in 2021, according to a report from Elliptic.

Fraud and theft accounted for $10.5 billion of that sum — a sevenfold increase from last year.

DeFi, or decentralized finance, products aim to replicate traditional financial services using blockchain.

Bitcoin is still the leader of all. I am wondering how DeFi has caused disaster into some people's life in 2021 it is very risky just like ICOs are risky.

suchmoon

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For every shitcoiner who made 100x there are thousands who lost their shirts. With hindsight it's very easy to say that some token or another had a better return over a short term but if you look at CMC top 10 or some other "top" list, it's different every year except Bitcoin is always #1. There were the original altcoins, then premined scams, then ICO scams, then random Ethereum token scams, then more sophisticated DeFi totally-not-scam rug pulls, then NFT bullshit. Every time some excited kids proclaim the death of Bitcoin and every time they're wrong.

Next year there will be a new best thing trying to solve non-existent problems, unless you consider greedy morons having too much money a problem that needs solving, in which case it's fair game.

OgNasty

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I guess if you're going to ride the wave down and you don't want to mess with selling high and buying low, you could take the DeFi route and stack some altcoins. I think that's probably a better alternative to continuing to buy them, because gross...

Bitcoin is still the market leader, so obviously the tiny projects built to pump are going to have times of outperformance. While this may be enticing to some, it's also good to look at how far shitcoins have fallen from their peaks... Bitcoin being larger and more stable isn't necessarily a bad thing. Especially at this point in the cycle. Sure, when you could buy MATIC for a penny, it was a much better opportunity than Bitcoin, but the people paying $3 for it probably wished they'd just held their corns.

milewilda

legendary

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Cant really be denied that when it comes to revenue then low caps or low value could really give out those kind of chances for you to make money but speaking with recognition and
adoption then it cant really be denied that bitcoin is far more superior and come to think into those people who had made out profits on those DEfi,Nft's etc. are
converting always their profits into BTC? That surely proves out on how much trust they are really putting into.

kripto_corumlu

newbie

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Merit: 0

I dont see anyone around me invest in bitcoin anymore, everyone are all in DEFI; staking, lending, farming, dex pools all of them are creating highly satisfying apy.

why should I invest in btc and hope price rise, while defi coins create satisfying revenue for me? I'm all in coins and I dont care about last dumps because after few months I will recover the losses, even if the price does not recover.

total defi index also looks much better than bitcoin graphs

I think last bull season was all about defi, not bitcoin , bitcoin made only 3x from 2017 ATH and you call it bull season? but defi coins like avax, solona made more than 100x, all people thought it was about bitcoin and now they are understand they are wrong.
only whales are in bitcoin who has bought 10 years ago, to be honest I dont want to make them richer so I will never invest in bitcoin, it also wasting of energy and creates chip crisis too.

Topic: 🔺let's admit it, Bitcoin time is over, now DEFI Time 🔺 - page 3. (Read 434 times)