Topic: The Rise of DeFi — A Temporary Threat to Major Coins? - page 2. (Read 1034 times)
Yeah very temporary, 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.
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
I believe that the main excitement about promising DeFi projects has already passed and now we should expect a wave of fraudulent projects that only use the DeFi acronym and classify themselves as decentralized finance on purpose in order to attract as much investment funds as possible. You need to be on the alert and very attentive, but nevertheless this situation will in no way be reflected in the entire cryptocurrency market.
just look at the scam accusations board and you will notice that a lot of these defis have current accusations - plagiarised whitepaper, fake team, ponzi scheme and so on. we can't deny the fact that they are really popular these days. but if you will look at their foundation, only few of them have working platform. most of them are saying they are in 'beta' but of course we dont know the absolute truth regarding their actual devt. so guess what? a lot of these buyers will regret in few months time. because most of them will die down fast that they have no time to sell their holdings at a decent price!
I believe that the main excitement about promising DeFi projects has already passed and now we should expect a wave of fraudulent projects that only use the DeFi acronym and classify themselves as decentralized finance on purpose in order to attract as much investment funds as possible. You need to be on the alert and very attentive, but nevertheless this situation will in no way be reflected in the entire cryptocurrency market.
For me it doesn't matter, let DeFi be entertainment in times of the gloomy market. DeFi is giving it a new color and I don't think it will take longer, as junk projects will quickly disappear. Enjoy this hype and it will all come back to the major coins
Same as the ICO bubble when the only trusted and legit projects will exist and the crap projects will disappear with the time. The problem is how much money will be scammed by the scam defi projects. This is the main problem that must be the main concern by any investors in the cryptocurrency. We know that the scam project will die and it will never exist but investors will have become the victims from the scam project.
I personally try to create more and more awareness about the scam project.
Dude, trend is always getting changed so fast.
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.
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.
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.
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.
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?
During the most recent hype we have seen bitcoin losing dominance over the market while ethereum won some points in that front which in my opinion makes sense, investors are always looking to make money and as such they left bitcoin and went for DeFi coins while they bought some ethereum as they needed it for the fees, however I do not see a massive movement out of those coins, many people in the forum are bitcoin holders and they do not care about any other coin and you are never going to convince them to sell and it seems institutional investors so far are only interested in bitcoin as well which makes it very unlikely the scenario you propose is going to happen. 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?
Defi was suppose to bring something different in the crypto space but unfortunately scammers have hijack the trend with bad intentions by creating fake defi project everyday in the market, with the way things are going, I don't see this trend to last long.
For me it doesn't matter, let DeFi be entertainment in times of the gloomy market. DeFi is giving it a new color and I don't think it will take longer, as junk projects will quickly disappear. Enjoy this hype and it will all come back to the major coins
I agree with you Cepot9, for me it doesn't matter as well. I think this around DeFi is just temporary hype, in crypto-market we have
seen these kind of hypes before and it always ends in the same way, many will just disappear, they are made to scam people and time
will tell will we have the same situation again, I am sure we will. Today we saw a drop in DeFi market cap, and I think people should be
prepared for worst when it comes to DeFi-market.
For me it doesn't matter, let DeFi be entertainment in times of the gloomy market. DeFi is giving it a new color and I don't think it will take longer, as junk projects will quickly disappear. Enjoy this hype and it will all come back to the major coins
Many of these old coins are going to die this bullmarket reason being that they offer nothing to the space and no one is actually using them, those that rebrand and adapt to the present reality would survive but those that do not would die, just check the front page of coinmarketcap in 2015 and 2016 and you will understand what I am saying
Shit coins will die eventually and it is not a big surprise, re branding the shit coin will not make any changes, there will be many projects just to pump and dump and you need to identify and avoid those shit pump coins. If you look at the coin market cap the shit coins will change according to their development and new coins that have the potential will take over and what ever it may be make sure to avoid the shit coins. Many of these old coins are going to die this bullmarket reason being that they offer nothing to the space and no one is actually using them, those that rebrand and adapt to the present reality would survive but those that do not would die, just check the front page of coinmarketcap in 2015 and 2016 and you will understand what I am saying
Markets are always changing, and if the coin doesn't stand out, investors won't be interested in the project. I feel Defi is making this market come back and very similar to 2017 so I believe this will be your chance to consider investing. Opportunities appear every day and you need to seize opportunities early to make a big profit.I am sure it will happen at the end of this year or 2021, make sure you have the right assets
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.
This did not affect the price of the top coin at all, even the top coin increased. When the Defi trend came, it attracted a lot of capital from outside, not capital in the rotating market. This is a good sign showing that the demand for investment is still very large. Our market is coming back very quickly and there may be more altcoins coming to the moon by the end of the year.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?
Top cap coins aren't going down, people are just wishing for something that can never happen, DeFi is taking over but as time goes on only very few DeFi projects like chainlink will remain the same, fake Hypes is presently making unworthy projects looks worthy 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?
Many of these old coins are going to die this bullmarket reason being that they offer nothing to the space and no one is actually using them, those that rebrand and adapt to the present reality would survive but those that do not would die, just check the front page of coinmarketcap in 2015 and 2016 and you will understand what I am saying
yes I understand what you mean, a lot of old projects can't develop because they don't have new programs like DEFI, and the prices are still very bad, unlike the old projects that follow development, they have better value
Many of these old coins are going to die this bullmarket reason being that they offer nothing to the space and no one is actually using them, those that rebrand and adapt to the present reality would survive but those that do not would die, just check the front page of coinmarketcap in 2015 and 2016 and you will understand what I am saying
I don't agree that DeFi projects threaten major coins, such as Bitcoin, Ethereum, Litecoin and Ripple. It is true that some major coins
look stable now, but if you do a careful analysis, you can see the movement of the major coins also keep going up, although the increase
is not as fast as DeFi projects. So it's not proven that DeFi projects become threat to major coins.
Defi is an investment trend that has been of interest to many investors lately and can be seen that old coins of recent years often use this to make their coins rise. Defi can see the importance of Defi and certainly many new projects will appear soon in the future. What you need to do now is do research carefully before deciding to invest because investing in Defi projects is really risky. look stable now, but if you do a careful analysis, you can see the movement of the major coins also keep going up, although the increase
is not as fast as DeFi projects. So it's not proven that DeFi projects become threat to major coins.
I don't agree that DeFi projects threaten major coins, such as Bitcoin, Ethereum, Litecoin and Ripple. It is true that some major coins
look stable now, but if you do a careful analysis, you can see the movement of the major coins also keep going up, although the increase
is not as fast as DeFi projects. So it's not proven that DeFi projects become threat to major coins.
look stable now, but if you do a careful analysis, you can see the movement of the major coins also keep going up, although the increase
is not as fast as DeFi projects. So it's not proven that DeFi projects become threat to major coins.
At the moment, I think the defi helps the market grow, new people come, old people break the piggy banks, and all the top cmc are also good.
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