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

Thing is that the market caps that we see are extremely deceiving, bitcoin is even more dominant than what we can see, if we take out the centralized projects and stable coins the dominance of bitcoin is even greater, and if to this we add that most of the transactions that are done to actually buy something and not speculate are done with bitcoin the dominance of bitcoin increases even further, so this idea that somehow bitcoin is over could not be further from the truth.

bitcoin is not just an investment but is an instrument.
I am not using for the monetary value in fiat but ... for the alternative and from several point of view it's much better than fiat!
it's deflationary!  I don't need a bank account for receiving or storing my bitcoin. I don't need to provide my personal data to someone in order to receive a payment. I don't have any limit for my transactions. It works in any case/any situation. It can't be censored. It's free for everyone. I need just a private key or a seed for storing my bitcoin. Payment can't be recalled (no chargeback!). Has created an unique community "worldwide" ...
I need to continue with other advantages, uses cases? Bitcoin time has no ended!
DeFI is interesting for use cases but is just a part of revolution introduced by bitcoin!

Believe me, everyone above is writing about the same. DeFi is only one stage in the development of cryptocurrencies. If I am to judge over time, it will take a year, a maximum of two. At this point, the attention of new investors is already focused on DAO and web3. In this industry, nothing lasts more than a year. Only Bitcoin is always King.

guys, what I mean with DEFI is the entire DEFI ecosystem, I'm not talking or shilling about any coin.
there are many shit and scam coins or hacks at everywhere not only in DEFI
if you really think that DEFI is a scam, you seriously don't understand what is DEFI, I will not discuss it with you.
Nowadays hypes are Metaverse and NFT ecosystem not DEFI.

Bitcoin is king yes and of course it will here to stay, but I think very soon we will see major DEFI coins will be less and less affected by bitcoin price movements.

why ?
-prices affected now because market psychology is used to be like that very long time, and all traders and manipulators still following this trading rule, but it will change soon or later.
-DEFI coins has different and real use cases than bitcoin, people getting learning and adopting and using it, look at the rise of total locked value does it look to you in bear market ?
-earning money from money it's never been such easier. With DEFI; lending, borrowing, staking, farming, pool rewards, even self-repaying loans are possible. it is quite attractive newcomers are keep coming.


what I'm trying to say is DEFI has huge potential and really important use cases, as soon as DEFI prove itself, bitcoin will stay behind and will sit there just like gold does. less volatile safe store of value.

New technologies that appear on the market always grow very quickly at the beginning. This is what hype is characterized by. All new investors are looking for the fastest possible profit, which very often ends in an investment loss. Anyone who is on this market longer thinks exactly like you.

I have the same thought, DeFi still depends on the trend of Bitcoin and that’s why the whole market turns into bear market because Bitcoin is the basis of many investors on selling their altcoins.

Btc along with good altcoins are here to stay, there is no need to replace Bitcoin because there’s a lot of options now and for me if Bitcoin is over, cryptomarket is over too so don’t ever think Bitcoin to die because that’s a big catastrophe in the whole crypto.

Then tell me why has BTC dominance risen relative to rest of the altcoins this bear market?

BTC is still the primary store of value in this space, don't get it twisted. It is just that DeFi is growing at an exponential rate, which is definitely fair enough given its utility.

I expect DeFi to grow but it's not the only thing in town. BTC is here to stay, so are NFTs, P2E, etc.

Heard of it when people say that bitcoin was dead, bitcoin was over and over again and again. It's a never stopping dethroning for bitcoin just to lift up another project.
But the real thing that has happened, it was the project of theirs that became crap and forgotten by everyone.

I hope you are not right about everything, but of course I agree with you. Bitcoin has already survived at least a dozen falls, which only strengthened it as the leader of the cryptocurrency market. The hype for various things comes out almost every year, so I'm sure DeFi as well as ICO, IEO, meme coins etc.. will be forgotten probably in a few months. But something new will surely replace it!

While i waned to believe you but when i check your post history ? all i see is a complete shilling for every company that hires you , and all of your posts are about positivities of those companies and none are negative.
so Meaning? you are not trustworthy and only a paid advertiser lol.

Anyway , DEFI will be gone soon, so in the next you will again make a thread for new one that will pays you.

And soon, they will realize that DeFi is just one of the many hypes that crypto market has seen.
Bitcoin will remain as it is not driven by small group of people to create hype, but already an established entity in this crypto market.
They will understand that btc may be old, but it is the foundation of these many alts that are continuously sprouting in the market.
And most of these alts, will be worthless in time as their respective devs will abandon them once they got tired of pumping their project.

For people who have recently started their adventure with cryptocurrencies, Bitcoin is a prehistory. I understand that these people would also like to hit the investment of their life and earn millions of dollars, therefore they are looking for their gem. Of course, there will certainly be many more successful projects, but I'm sure none will repeat what Bitcoin has done.

So many people have invested their money on bitcoin and more people keep interested to invest in bitcoin and why are you re trying to deny it? as you can see that bitcoin has more and more big investors and it's not only retail anymore but big companies as well. A few hundreds percents happened with defi coins but thousands of percents happened with bitcoin. Don't you see a big gap between it? why are you calculating bitcoin based on ATH price. that doesn't make sense to be called as a comparing bitcoin and defi.

Yeah, DeFi is different from NFT but most of the trend that I see/read these days are about NFT and I thought DeFi is already dead. Everything is possible in cryptocurrency though since most developers would make something that would look like an innovation project yet at the end of the day they were almost just the same.

Well, most people would think like that especially if you aren't have any memory from the past just like newbies who just suddenly join in crypto project such as bounties, DeFi, NFT or ico.

It's kinda insane to see that people thinking that Bitcoin is over or dead yet in the end they will convert every profit you would get to Bitcoin anyway. So it's ironic right.
I'm also more surprised someone mentioned about DeFi where everyone almost forget about it. Let's just not forget you should not summary what happened with Bitcoin only on short term, just look at long term.

Yes, of course, DeFi for me is here to stay and DeFi is far different from NFT, they are both different even how the OP said in the title, "Bitcoin time is over", which is like comparing? Or just the trend?
For me, if you take a look at how the innovation on cryptocurrency is ongoing, you will be amazed how people keep building projects even it is on DeFi related or NFT related. So for me, it's no point to compare these projects that are not so related or they have different uses.

Oh is defi still active this time? I thought most of them are gone and now on NFTs but anyway, it's your choice if you want to invest in DeFi or in NFT it doesn't matter as long as you can make profit from your investment. But for us Bitcoin enthusiast, we are still bullish despite of the dump due to the FUD since we know that this is how the market move ever since in the past.

All we have to do now is to hodl and no more panic selling since it's all just the same you will either enter the market again somehow so why would you panic sell now when you can hodl instead but it depends though if you really needed the money then you can sell it whatever you want.

Remember this for a long time: King is only one!
For a long time to come, the reality will be that Bitcoin will be king.
Despite the fact that many projects and even entire industries are developing very quickly, it is enough to look at the charts of the entire cryptocurrency market to see very clearly that the prices of all follow Bitcoin.

It seems like you're new in crypto and you need to learn more and take the right data from CMC. Bitcoin has the best performance and it goes from nothing to the trillion marketcap coin while defi was nothing compared with bitcoin. Are you defi shillers? it's better to put more knowledge about bitcoin. you are actually know nothing about that. You can't even make a correct comparion between bitcoin and defi. You can take bitcoin 2011's price to be compared with your defi coin that can be hacked anytime. Billions of money getting stolen through garbage defi tokens. 



You didn't even learn about the fact and keep doing FUD and people know this so well if what you are saying was totally wrong. You can do better next time and keep trying. 
how long you have been in the crypto?This may answer the question about why you didn't even know about the fact.

Ok, nobody knows what will happen tomorrow, do we agree?

Taking that as starting point, there is many people (many in this forum) who think that previous experiences will repeat, in a continuous circle with it's ups and downs; and then there is some other people who think that everything is possible and DeFi will become the new Bitcoin (not literally, but you understand the comparison).

And who knows!?

If you are excited with DeFi, then invest there, but don't liquidate all your BTC just in case. From the ICO experience of 2017 I can tell you that if I swapped all my coins to Bitcoin back then, now I would be rich. Fortunately, I didn't liquidate all of them. But it doesn't mean it will happen again, just be warned.

Maybe he doesn't visit the market very often now mate so he wants to give such an assessment and is also not open minded so he can't distinguish good projects from bad ones in the market, so there's no need for people like that mate.

Tell me this in the next couple of years if your DEFI is still breathing ok?

Bitcoin had been surviving for 13 years and here you are claiming that your scam projects are the one who is dominating the market now?

Wake up from your delusion mate.

You don't see your friends investing because they are investing to coins/topkens that have way more upside potential. Institutional investors however care more about liquidity then insanely dangerous volatility. Reason why you don't see your friends investing to top cap is because your friends are not financial institutions but a small fishes.

That being said, bitcoin pow is going to be under attack way more then it currently is.

Lol it is x3.5 not x3 

and you call this Defi season? all those defi shitcoin will die in a matter of months or year but Bitcoin will remain on top for the next generation so what is your stand on that?


but in the next following months? all those who listen to you will cry hard because of their stupidity following your advice.

and I don't want you to become Richer either so I will be honest and will never listen to you.

Major players are investing in bitcoin. Those big companies and fund manager. You are not counting how much money getting lost in defi. 

Bitcoin already valued at a high price. A small investors will never able to earn good money from bitcoin caused by that. So bitcoin must move to the trillions marketcap to make a big move or generate decent profit for its investors while defi didn't have hundreds billions of marketcap or trillion marketcap. lol.

Yeah dump is nothing but just hope your defi didn't get hacked. it can be the end for the defi users.
Lol your logic was totally non sense. If you're counting those copy past coins from ico price and why didn't you just count how much percents already achieved by bitcoin started from 2010?


Even if you didn't invest in bitcoin and bitcoin still exist. You're nothing compared with those whales. 

If there are people around us who no longer invest in Bitcoin and prefer investing in DeFi, it seems the person doesn't understand the crypto world
properly. Because for people who study crypto world properly, would not think to stop investing in Bitcoin. As you already said, we can see
the history of Bitcoin movement where the price continues to rise, even in 2021 it broke several records. So Bitcoin is not only profitable, Bitcoin is
also the safest asset compared to other projects. Moreover, investing in DeFi can make us suffer losses if we choose the wrong DeFi projects,
based on the data I got, the majority of DeFi circulating are scams. Therefore investing in DeFi is of course much more risky, if we don't understand
how to do proper research and analysis, we should avoid investing in DeFi and just focus on investing in Bitcoin.

Yet DeFi is heavily affected on the recent dump happened on Bitcoin. If DeFi is really the new preferred investment of crypto investors then its value should not be dependent to Bitcoin since its investors should be focus only on DeFi and not on Bitcoin anymore. But the results don't lie and crypto investors still preferred Bitcoin on top of all altcoins out there.

Such a bold statement but if it is true you need to check your circle and make the required changes fast enough otherwise the next title of your topic will be how I lost my life savings to DeFi scams. It is not bad to try something new but to go all in with such boldness is dangerous especially on mostly hyped project whose developers are also driven by profit making and can be merciless.
The safest crypto to invest in remains bitcoin because of it's wide adoption and also historical data, the DeFi you are promoting today may not even be in existence 3 years from now.

this topic is interesting and true, but I can't convince it in its entirety because for beginners who are new to the crypto world are afraid to hold bitcoins because "its value is very high" and can affect everyone's mindset and also with its offer new coins offered are cheap and offer all advantages , but basically have the same characteristics as bitcoin which is equally volatile and also if you think about it fundamentally even users will stay consistent with bitcoin.

Yeah says by a 3 year old Shill account , a account created just to shill for Shit projects since 2019?

https://bitcointalksearch.org/user/kriptocorumlu-2690227

DEFI days will end in the next couple of months and you cannot fool people here, we have seen how this scam runs in 2021 .

DEFI your face lol.

and obvious that you are shilling in that BS project lol.

If you are not trusting Bitcoin then make sure that all your life will rely on your DEFI thing , and make sure to not cry once this comes losing situation .

You got it correct , and this is the biggest scam that happens to crypto world for 13 years of existence .

The hard lesson which I learned from ICO those days has made me not to invest in DeFi despite the fact that some of the projects were promoted by trusted members herein the forum same way it happened in the days of ICO. Had luck to those who lost their money via DeFi and we should some how careful with the current NFT though am not saying anything bad about it but one need to be careful.

sooner or later, people who go all in in Defi will realise that it was a mistake. i consider defi as just one of the hypes in crypto market. but with bitcoin, we know the foundation is strong and it won't disappear just like any other hype. i can compare defi hype in meme hype. most of the projects are short lived so if you are really into defi, better look for projects that at least have strong foundation. a lot of them have exited in this market already, and a lot more coming. so am not thinking that btc is over. high likely to happen is defi being over. as people realised that most of them are not respecting their promises.

Cryptocurrency market won't be running like this promising if Bitcoin presence isn't that good, everything won't be progressive like this now. Don't you hope that it's over as you desire to, DEFI time might become popular in perfect timing, but it won't hamper the sustainability of bitcoin market.

In as much as I want to agree with everything the op has said, (like ognasty said), we still can't rule out the fact that bitcoin is still the market leader with almost half of the entire cryptocurrency market capitalization, I personally can't remember the last time I bought bitcoin with my money, but that does not mean I've put it out of the equation, all bull runs we've experienced so far all started with bitcoin, and from bitcoin, the money spreads to altcoins, so no matter what, bitcoin is still very relevant in this space, atleast until an altcoin takes the number one spot on coinmarketcap.

How many time have you seen defi coins pumping when bitcoin is dumping? I don't think you will find any defi coin in green when bitcoin drops but rather you will see defi coins losing more compared to bitcoin, we cannot compare defi projects with Bitcoin as defi projects are comparatively new where bitcoin is decade old and still surviving and driving the market so it's a baseless comparision and portrayal of bitcoin in negative lights.

If that is what it is giving you results personally then by all means keep doing it, but I do not see why you have the need to try to put bitcoin down, it is obvious it is more difficult for bitcoin to grow since its market cap is so massive compared to the rest of the coins in the market, but not only that you are trying to make it seem as if the growth was caused by those coins when it can be clearly seen that it was bitcoin the one that caused the bull market and then the rest of the coins benefited out of it.

You don't see the clear picture of the market.

Those areas that you've mentioned won't prosper if it's not because of bitcoin. As you can see if bitcoin fells, all of those are falling down. You can say that staking won't fall down but the value or price of the coin staked is dropping but not the reward.

It's okay if that's what you see in the market but nothing will change the reality that bitcoin remains the king.

People will always choose which way they can make massive return after all so its not surprising why mostly are now on it especially on this kind of situation. But remember that bitcoin still the number one and the most trustworthy and reliable when it comes investment especially when it comes long-term. So perhaps even there are some new ways how to make x100, still there's no way they will not jump back to bitcoin again once the price skyrocketed..because indeed it's all about the opportunity reason they're now on Defi so there's no way most investors will ignore bitcoin once it shows a good sign and big opportunity as well.. Always follow what's trends that's what it is to make the story short..

Bitcoin will always be the king. Noobs may be throwing money at Defi but smart money is moving into Bitcoin to store and grow wealth. Notice how most of the popular Defi tokens from last Spring never got close to their prices from the Spring, even as the market expanded a bit higher in the Fall. And most of them have crashed drastically further now.

Fact is 99% of cryptos will go toward zero against Bitcoin long term. Some will succeed, but most won't. Which, to the OP, is why you want to keep plenty of money in Bitcoin. Earning 10% or something on some Defi token ain't gonna matter when it keeps dropping in price over the long term. And if you're getting signifcantly more than that those earnings won't last anyway.

Defi is all experimental and going all in on that is a great way to lose a lot of money if you don't get lucky. Meanwhile, Bitcoin is a great way to build wealth.

Also the reason all these Defi tokens crash, like altcoins always do, is because it's mostly noobs pumping them trying to get rich quick. These are precisely the people who panic sell as soon as they see a dip. In a year there will be a new round of Defi tokens that will pump and dump. Meanwhile Bitcoin will just keep growing.

Stated simply, Bitcoin's time will never be over. Which is why that is where smart money goes while noobs bail out of the latest Defi tokens each crash, or get rug pulled or hacked.

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.

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.

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.

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.

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.

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.

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.

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.

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


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.

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.

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. 

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.

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.