The Rise of DeFi — A Temporary Threat to Major Coins? - page 3.

seven.71

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Quote from: Perfect35 on August 08, 2020, 06:54:54 PM

Quote from: seven.71 on August 08, 2020, 03:10:37 PM

it is too overhype and this trend will not last long, only a few protocols will survive, that's for sure what will happen in the next few months

There are already classic Def projects trending and the trend will continue at least for the next decade if crypto is still in existence. This is an innovation that has been projected for a long time now, but could not come into thelight of the day, because some developments were still ongoing. Now that some of them now have their techs ready and in good form, with regular updates, their will be substantial growth in the sector.

only a few will survive and this is the ongoing hype like 2018 with many ICO

Quote from: bitkanu on August 09, 2020, 09:10:22 AM

Quote from: ?? on ??

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

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?

How can it be a threat when they are chained in the top coins in the market and besides they are contributing and they have their own set of rules and algo very much apart from other Crypto they just bring something new to the table to strengthen the industry and make it acceptable to other institutions.

I think that when we are seeing some major coins and they have no utility usage and I can try to take how EOS has already failed to become the next ethereum and some NEW defi coins have a better implementation.
Defi can be a threat for any coins for sure even for its chain that being used to build the defi too.

the top coin remains a good choice for longterms despite the recent decline due to Hype DEFI
almost the entire DEFI is made on the etherum protocol while etherum has limitations in making transactions, we can see how the gas costs are very high, one of the bombers, if etherum 2.0 will delay again and a large dump occurs

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Quote from: ?? on ??

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

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?

How can it be a threat when they are chained in the top coins in the market and besides they are contributing and they have their own set of rules and algo very much apart from other Crypto they just bring something new to the table to strengthen the industry and make it acceptable to other institutions.

I think that when we are seeing some major coins and they have no utility usage and I can try to take how EOS has already failed to become the next ethereum and some NEW defi coins have a better implementation.
Defi can be a threat for any coins for sure even for its chain that being used to build the defi too.

kapalmabur

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Quote from: chip1994 on August 09, 2020, 08:17:42 AM

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

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?

No, I can't see it. It is clear that the top coins are growing very strongly following the Defi trend. the market is now called season altcoins and the defi trend is more correct. Chainlink, Tezos, Ethereum, BAND, have increased dramatically over the past few days, so we can say that money is flowing from outside into our market. This is a sign of uptrend and we will invest with a great chance of winning. Dont doubt too much, look at the market cap of the total market to recognize that.

you are right, the trend right now is for the DEFI project, although there are some besides the DEFI project that has gone up because the fundamentals are good, such as other major coins, Ethereum, Ripple, Cardano, Tron, Litecoin also has increased, the Defi project is not a threat, but the positive side

chip1994

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

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?

No, I can't see it. It is clear that the top coins are growing very strongly following the Defi trend. the market is now called season altcoins and the defi trend is more correct. Chainlink, Tezos, Ethereum, BAND, have increased dramatically over the past few days, so we can say that money is flowing from outside into our market. This is a sign of uptrend and we will invest with a great chance of winning. Dont doubt too much, look at the market cap of the total market to recognize that.

ethereumhunter

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I don't think the DeFi project will be a threat to major coins. As a newcomer in the crypto, they follow with the existing major coins, especially ethereum, if that project is based on the ethereum network. But we don't know what will happen in the future as the DeFi project is a new thing in the crypto, and I think that is almost the same as when ethereum has been used for the ICO project. We will see how strong the DeFi project in the future and the DeFi project survive in the crypto, then that project can get their success, but it is not a threat to major coins.

Perfect35

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Quote from: seven.71 on August 08, 2020, 03:10:37 PM

it is too overhype and this trend will not last long, only a few protocols will survive, that's for sure what will happen in the next few months

There are already classic Def projects trending and the trend will continue at least for the next decade if crypto is still in existence. This is an innovation that has been projected for a long time now, but could not come into thelight of the day, because some developments were still ongoing. Now that some of them now have their techs ready and in good form, with regular updates, their will be substantial growth in the sector.

seven.71

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Quote from: Denongels on August 08, 2020, 02:42:54 PM

Quote from: Fakhrulenclix on August 08, 2020, 01:51:14 PM

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

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?

If you remember when ICO became hype, so many people invest on it, still couldn't make the downward move, especially bitcoin. Bitcoin is always dominant in the market even though if out there are a lot of new technology, like Defi. Let's see about 6 months later, can it still be a trend in crypto space??

This is just my opinion, but I think there is a big chance DeFi trend will last because there are many who hope that this sector can make changes to the crypto market by dominating more than 30%, and yes every month there is a new DeFi project that looks good and contributes considerably in improving trade volume.

it is too overhype and this trend will not last long, only a few protocols will survive, that's for sure what will happen in the next few months

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Quote from: Fakhrulenclix on August 08, 2020, 01:51:14 PM

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

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?

If you remember when ICO became hype, so many people invest on it, still couldn't make the downward move, especially bitcoin. Bitcoin is always dominant in the market even though if out there are a lot of new technology, like Defi. Let's see about 6 months later, can it still be a trend in crypto space??

This is just my opinion, but I think there is a big chance DeFi trend will last because there are many who hope that this sector can make changes to the crypto market by dominating more than 30%, and yes every month there is a new DeFi project that looks good and contributes considerably in improving trade volume.

Fakhrulenclix

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

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?

If you remember when ICO became hype, so many people invest on it, still couldn't make the downward move, especially bitcoin. Bitcoin is always dominant in the market even though if out there are a lot of new technology, like Defi. Let's see about 6 months later, can it still be a trend in crypto space??

semobo

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DeFi projects are getting interest to make profits in short term so people will chashout once the tokens are listed on exchanges and they will buy bitcoin or other top cryptos to keep their profits alive.And also I don't see any dump on the prices of cryptos only the prices were surged due to the market bloom that is also the main reason for defi project gets more hype.

cassavachips

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That possibility is true but there is little leverage if the major altcoins lose interest. DeFi seems to emerge at the right time when the market is good and interest is on the rise. There are indeed several altcoins that have been affected but also many other altcoins or projects that have had a positive impact from this trend

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

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?

I am in the cryptocurrency market for a very long time and one thing you can notice is that the trends in this space keeps on changing, in the beginning it was bitcoin and then there was a flow of fun coins and the rest of the coins started to come including privacy coins and then came ETH and the sudden flow of ICO market and then there was a slight change with IEO and now the DeFi trend. The trends keep on coming and anyone who is intelligent have the opportunity to make money.

ecnalubma

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I believe that all surviving coins really had purposes, though Defi us now the new hype we can’t be sure that all Defi projects are the real deal so better not too over confident about it. Bitcoin had stand the test of time, I believe it will remain on top for another decade or two.

durilup

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From 500 mil us dollars total value locked it went up to 4.42 billion so I think the way they are making profit it is only through fees

Febo

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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?

Coins, securities, utility tokens, stable coins, ..... all have different use case. Yes some of them dont have any use case, but that I will not talk about it now. There is no competition between a stable coin and some security. None.

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Quote from: Cnut237 on July 25, 2020, 02:15:52 PM

DeFi now does seem similar to the ICO craziness of 2017, and it's once again ETH that is the coin that sits behind it all, and is once again increasing rapidly. It will be interesting to see how this plays out, as everyone now has 2017 to look back on. Will DeFi become a bubble? Is the ETH 2.0 upgrade a factor to consider, and which might help ETH to maintain a high price without falling back again? Let's see what happens in the next couple of weeks. ETH is at +25% and near $300 for the last 7 days. 2 more weeks at that rate will see ETH at around $470... which could really kickstart some FOMO. We may not have long to wait.

Defi projects may be very similar to ICO but this is definitely a more upgraded version and it seems people are excited about projects like this. I appreciate what is going on these days and this is an opportunity for you to seek profit because this month alone there have been so many Defi projects with very high profits. This will cause ETH price to rise again and the market will soon enter altcoin season.

carlfebz2

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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?

Massive surge of interest? Where the heck you do get this thing?

We know that DeFi projects do exist but it did really get that much attention for you to tell that Bitcoin would gonna plunge? We shouldnt really have that kind of dream. Grin

If these DeFi projects would able to do so then they would surely need to pass first the test of time.

Cnut237

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DeFi now does seem similar to the ICO craziness of 2017, and it's once again ETH that is the coin that sits behind it all, and is once again increasing rapidly. It will be interesting to see how this plays out, as everyone now has 2017 to look back on. Will DeFi become a bubble? Is the ETH 2.0 upgrade a factor to consider, and which might help ETH to maintain a high price without falling back again? Let's see what happens in the next couple of weeks. ETH is at +25% and near $300 for the last 7 days. 2 more weeks at that rate will see ETH at around $470... which could really kickstart some FOMO. We may not have long to wait.

monineklutak

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Defi being the fomo for now, big coins like Ripple and Ethereum are still losing right now,
but the rise of Ethereum makes the major coins also rise, very interesting

my dream2021

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Quote from: MonsterV on July 24, 2020, 03:22:56 PM

firstly stake token that very hype on thier time then masternode coin that hype in 2018-2019 before its turn off to scam project and then deflanation base token that born many scammer to, and now DeFi is very hype on this year especially, i hope this new project concept that hype on this year wont bring more scam project to take advantage of this hype. btw almost all new project that announce on token board are based on DeFi concept, its really something.

Yeah I remember that Hype stake/masternode coin when cryptopia still running they service. I think if most of all project Defi truly legitimate it can be something for major coins, as we know that some Defi not have own platform but use another blockchain so indirectly people need buy some major coins to process they transactions (dependency), also I hear that some Defi have own blockchain but now they still running some testnet maybe on 2021 we'll see about it.

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