The Rise of DeFi — A Temporary Threat to Major Coins?

Fatunad

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Quote from: retalids on January 04, 2021, 05:42:36 PM

i'm sure that defi is not like trending tool but mostly a great decentralized concept and it even will replace traditional centralized exchanges. i prefer to choose credible defi and especially - dex projects to invest

We cant deny that decentralization is always the best but in the reality we've been facing, we do much prefer on using up CEX which is clearly evident.

Rise of DeFi? I dont see anything special, there might be some projects which did succeed but most of them are just like into those ICO projects that had flooded out the market.
Its not a threat because this is just an another project that do focuses out on a certain key area.

darewaller

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Quote from: aemma on January 05, 2021, 06:45:06 AM

Now looking at the current moment, what can be said about DeFi projects? Are they really a threat to major coins ? I believe the answer is quite clear. DeFi made a huge hype and that is why many people made a lot of predictions and so on, but it is kind of funny to think that DeFi projects are capable of plunging Bitcoin and other top altcoins in a downward movement. DeFi made quite a good hype and of course enriched many people but currently the hype is gone and many of them are now finding it hard to grow, many of them are being exploited by hackers and most upcoming ones are turning to scams, which brings us back to the ICO era.
Nevertheless, in my own understanding, that a new trend starts is not enough reason to think it will lead to other top coins dumping, hence as you invest and listen to what people say to hype whatever they believe in, invest wisely and know when to take your profit.

This is not really about destroying everything else, but more like "could it be high" situation. Surely it is not going to be as high as bitcoin, nothing is as high as bitcoin, but it could potentially be as high as maybe xrp? litecoin? bnb? Those are still valid, if not maybe tron? wave? I mean there are some defi that are already higher than those today.

So basically what I am trying to say is that, sure it is not going to end up going over bitcoin, but what do you consider "major" in a sense? because there are some defi projects which are already in top 20 list and that shows that they are already there and doing awesome. Which is why we come to second topic, what is "threat"? Do we consider these coins taking money as money lost from major coins? If you think so that means they are a threat, if you do not see it that way, that means there is no problem.

retalids

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Quote from: Drahzar on January 04, 2021, 06:51:39 PM

Quote from: retalids on January 04, 2021, 05:42:36 PM

i'm sure that defi is not like trending tool but mostly a great decentralized concept and it even will replace traditional centralized exchanges. i prefer to choose credible defi and especially - dex projects to invest

same as me, i prefer to track only transparent defi-s, and moreover - try to look on credible dex-es

oh so u might be interesting in new stablecoin dex - xsigma, just announced and they have cool team even from Ripple and Amazon

aemma

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Now looking at the current moment, what can be said about DeFi projects? Are they really a threat to major coins ? I believe the answer is quite clear. DeFi made a huge hype and that is why many people made a lot of predictions and so on, but it is kind of funny to think that DeFi projects are capable of plunging Bitcoin and other top altcoins in a downward movement. DeFi made quite a good hype and of course enriched many people but currently the hype is gone and many of them are now finding it hard to grow, many of them are being exploited by hackers and most upcoming ones are turning to scams, which brings us back to the ICO era.
Nevertheless, in my own understanding, that a new trend starts is not enough reason to think it will lead to other top coins dumping, hence as you invest and listen to what people say to hype whatever they believe in, invest wisely and know when to take your profit.

Drahzar

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Quote from: retalids on January 04, 2021, 05:42:36 PM

i'm sure that defi is not like trending tool but mostly a great decentralized concept and it even will replace traditional centralized exchanges. i prefer to choose credible defi and especially - dex projects to invest

same as me, i prefer to track only transparent defi-s, and moreover - try to look on credible dex-es

retalids

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i'm sure that defi is not like trending tool but mostly a great decentralized concept and it even will replace traditional centralized exchanges. i prefer to choose credible defi and especially - dex projects to invest

South Park

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Quote from: MCobian on September 23, 2020, 07:45:22 PM

DeFi projects don't have strong fundamentals like major coins, so in long-term of course investing in major coins is safer.
So I'm not sure DeFi projects are a threat to major coins, after all the hype that occurs on DeFi projects won't last long,
So my advice is that if you are already profitable, immediately sell the DeFi tokens that we have.

It is obvious the DeFi hype is coming to and end and anyone still investing in new projects does not know what he is doing, it seems to be those people are in denial and it is why many of those projects still retain their value but as soon as people begin to panic I think we are bound to see a huge crash in the majority of those coins wit the side effect that this is probably going to make the price of ethereum to crash really hard as well.

Spaffin

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Undoubtedly, in the cryptocurrency market, DeFi projects have made a splash and attract a fairly large amount of investment funds, But we can also notice that to some extent the DeFi hype is starting to weaken and, moreover, not all decentralized finance projects show good results, and among all these projects there appears a lot of fraud. And besides, the popularity of defi will pass over time, as the popularity of ICO has gone before.

Reatim

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temporarily yes because in a week the market rattle because of these Defi coins blooming and stays for weeks in that position.

Now we can see that the situation subside and looks like the regular coins are now getting good again like Bitcoin and Ethereum.

i can feel that we are now starting to make a run since we are days away from october and in record that after halving this month is what the start
of Bullish days,Hope it will happen again this year.

ipanks

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Quote from: onecall123 on September 28, 2020, 01:23:15 AM

Quote from: ipanks on September 26, 2020, 12:28:47 PM

The Defi project is temporary but it is not a threat to the major coins. This trend will end like the ICO, but unfortunately, we don't know for sure. But Defi uses a good moment to launch and makes people have a passion for joining the project because people almost desperate to make money from the project. People have new hope in this Defi project because they see the chance to make money after waiting for so long.

Using the current DeFi excitement, might be a good idea to pull out some money before the hype dies down. That's true people almost desperate to make money and now we have the opportunity to bounce back in the project. Yet, before that ensure the research on the project yourself.

Besides ensuring the research on the project, you need to know when to get out from the DeFi excitement so you can save your money and minimize the risk of losing your money. But I guess the DeFi will still exist until the next year, and maybe the next generation of DeFi will release in the next month. We can use the hype but we don't need to be greedy to chase the profit.

onecall123

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Quote from: ipanks on September 26, 2020, 12:28:47 PM

The Defi project is temporary but it is not a threat to the major coins. This trend will end like the ICO, but unfortunately, we don't know for sure. But Defi uses a good moment to launch and makes people have a passion for joining the project because people almost desperate to make money from the project. People have new hope in this Defi project because they see the chance to make money after waiting for so long.

Using the current DeFi excitement, might be a good idea to pull out some money before the hype dies down. That's true people almost desperate to make money and now we have the opportunity to bounce back in the project. Yet, before that ensure the research on the project yourself.

ipanks

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The Defi project is temporary but it is not a threat to the major coins. This trend will end like the ICO, but unfortunately, we don't know for sure. But Defi uses a good moment to launch and makes people have a passion for joining the project because people almost desperate to make money from the project. People have new hope in this Defi project because they see the chance to make money after waiting for so long.

Wawa2013

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I don't see the DeFi rise as a threat to major coins, Some of the top altcoins did look stable in their price movements when DeFi projects
went up. But the price of major coins is not experiencing a down trend, even some top altcoins experienced price increases, although the
percentage increase was not as big as DeFi projects. In fact, I predict the hype that occurs at DeFi will end soon. So there is nothing wrong
with using the hit and run strategy on DeFi projects, that is, when you are already profitable from DeFi projects, immediately sell the DeFi
projects that we hold. Very risky holding DeFi tokens in the long run, because the price can be dumped at any time.

Fesatmas

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Quote from: poodle63 on September 24, 2020, 06:26:22 PM

It's not like these defi projects eating up the major coins market cap. these defi projects are not really a threat to major coin because as you can see this coin is a pump and dump coin for those who want to make quick profit but the rest of people are still putting their money in a major coin. The hype will not last for long just like ICO and IEO buy maybe in the future we will see an even better form of defi.

I don't think this is a threat from other coins but more hype which is still happening because DeFi is now taking a lot of advantage why people choose the DeFi project knowing it will last longer with the market capitalists available today so I think people will stick around and take advantage of that. greater than.
IEO will lose to DeFi, which is more trusted by investors.

btc78

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Quote from: jayson (www.torum.com) on July 21, 2020, 04:47:48 AM

Recently, there is a massive surge of interest in DeFi, and you can see so many DeFi projects booming, like Aave and Compound. I was just wondering if this phenomenon will trigger a temporary downward movement in major market cap coins. For the past week, we are able to see that major cap coins are very stable within a set of price range, showing a lack of public interest in them. My belief is that the capital will move from top coins to DeFi tokens.

Since DeFi is now the trend in the crypto space, and lots of people are speculating for the plunge in Bitcoin and other top cap coins, do you guys believe we are going to see a downward movement in the coins?

great speculative thread mate because you're right that Defi coins made a threat in major currency and even the whole top 100 coins.
there are many coins from Defi that has grow more than hundred or thousand percent in which i did not anticipate until it happens.
so you posted this in july and the run starts the end of august until now actually it is damaging top coins.
But i believe that it is going to end soon,now that the last quarter is coming and mostly in this season starts the hype of major currencies .

Cnut237

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DeFi isn't a threat to other coins. It might be if there was a fixed amount of money in crypto, and money going into DeFi took money away from other coins... but that's not the case. DeFi is drawing in new money. Also if we are talking about it being a threat to the top cap coins... the opposite is true in the case of ETH, on which a lot of the DeFi projects are running.

shinratensei_

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Quote from: Mulann2 on September 24, 2020, 12:24:44 PM

nowadays many none Defi project have been push aside by some investors while running after the next new launch Defi project, but just like what the op said it is only temporary because soon the hype will be over and things will be back as usual.

Im not sure if that can happen easily. When there were successful defi will still exist in the future and that means if defi trend will always exist. Just look at how the ico trend has been getting a lot of demand even there were a lot of scammers that have destroyed the reliability of the ico bubble in the past.

The defi trend will continue but it will not be so loud as this time. A lot of things will always have changed anytime. It can be forever and it's not only temporary.

poodle63

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It's not like these defi projects eating up the major coins market cap. these defi projects are not really a threat to major coin because as you can see this coin is a pump and dump coin for those who want to make quick profit but the rest of people are still putting their money in a major coin. The hype will not last for long just like ICO and IEO buy maybe in the future we will see an even better form of defi.

Oilacris

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Quote from: TimeTeller on September 23, 2020, 07:54:29 PM

Quote from: MCobian on September 23, 2020, 07:45:22 PM

DeFi projects don't have strong fundamentals like major coins, so in long-term of course investing in major coins is safer.
So I'm not sure DeFi projects are a threat to major coins, after all the hype that occurs on DeFi projects won't last long,
So my advice is that if you are already profitable, immediately sell the DeFi tokens that we have.

That is true. Most of these DeFis have no solid foundation.
Just look at their platform, almost all of them are saying they are in beta.
But how sure are you that they have actual development going on?
It seems that once this hype is over, they will also disappear.
So exit while you are already in profit, don't wait to be bag holder of worthless defi tokens.

A good suggestion and i would the say the same thing when it comes to exiting while they are still on profits or in green because once the hype is over then we would definitely see
some serious wreckage of portfolios for those who havent able to get out and do still believe into this DeFi market.

Im not saying it wont have a chance yet everything do really start on beta or development side but having lots in the market isnt significant or considerable which you can really presume
that majority of them are just garbage or just tending to copy on whats hot or new to gain some money but actually they dont really give out something beneficial.

If someone can took the risk then its their choice but getting out quickly and secure things up will really be a wise move to be made by someone.

Quote from: Icologies on September 24, 2020, 12:11:06 PM

defi made a lot of changes to the crypto world in its early days but over time it had no effect at all because many coin defi pumps are only for a moment and cannot last long then the price fell very deeply and hurt many investors, including me, my advice to invest in coin defi next do not be too sure check in depth and when you get a profit immediately sell because most coin defi are not suitable for long term investment

Sad to hear but this is pretty common on where if theres gainers then there are losers that why its important to learn up things with those mistakes that you had experienced.

Take this as a lesson and be mindful or watchful on next time on where theres something new that do pop out in the market when it comes to trends.
This isnt the end yet there would be still lots to come.

leea-1334

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Quote from: MCobian on September 23, 2020, 07:45:22 PM

DeFi projects don't have strong fundamentals like major coins, so in long-term of course investing in major coins is safer.
So I'm not sure DeFi projects are a threat to major coins, after all the hype that occurs on DeFi projects won't last long,
So my advice is that if you are already profitable, immediately sell the DeFi tokens that we have.

Not to say even many major coins have strong fundamentals but yeah not even a single Defi project is built to last a year, or even months. Every one of them seems to be tweaking their formats and staking pools and LPs every few WEEKS now just to keep it semi profitable. Sustainability is nothing here.

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