The Rise of DeFi — A Temporary Threat to Major Coins? - page 4.

makishart

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Quote from: inanilujimi on July 23, 2020, 10:59:08 PM

The crypto market has long been dominated by bitcoin, so if a new hype pops up it will not significantly affect the price of bitcoin.
watch out for instant upgrades, it could be a trap so you can't get out.

Agree, new implementation will always help the whole cryptocurrency market to the next level because we are in technology and once the technology grows automatically the market for the cryptocurrency will increase. It is a path to the further level of success of new technology.

The growth of technology should be matched with the idea to give the best solution to the problem that is not yet fixed, BTW there are so many similar platform these days.
It looks like DEFI is just another bubble too. You can see how it was having the same trend like ICO.

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Quote from: Bezobraznike on July 24, 2020, 06:26:14 AM

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Quote from: inanilujimi on July 23, 2020, 10:59:08 PM

The crypto market has long been dominated by bitcoin, so if a new hype pops up it will not significantly affect the price of bitcoin.
watch out for instant upgrades, it could be a trap so you can't get out.

Agree, new implementation will always help the whole cryptocurrency market to the next level because we are in technology and once the technology grows automatically the market for the cryptocurrency will increase. It is a path to the further level of success of new technology.

Miningguru I agree with you, we can expect next levels and market capitalization of crypto-currencies will increas. But I think
that Bitcoin will remain dominant on the crypto-market for many years. I don't see this rise of DeFi as any threat, it's good that
DeFi is getting more popular and that affect the price. I see crypto-market as whole and it's good when any coin make progress.

This is the time when people mention Defi projects and this investment trend will surely bring a big profit to investors if you have a reasonable investment strategy. In addition, some potential coins are starting to add Defi to their projects making it very easy to raise prices. However, you should be careful because you are not always lucky to make good profits from Defi projects.

MonsterV

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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.

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Quote from: inanilujimi on July 23, 2020, 10:59:08 PM

The crypto market has long been dominated by bitcoin, so if a new hype pops up it will not significantly affect the price of bitcoin.
watch out for instant upgrades, it could be a trap so you can't get out.

Agree, new implementation will always help the whole cryptocurrency market to the next level because we are in technology and once the technology grows automatically the market for the cryptocurrency will increase. It is a path to the further level of success of new technology.

Miningguru I agree with you, we can expect next levels and market capitalization of crypto-currencies will increas. But I think
that Bitcoin will remain dominant on the crypto-market for many years. I don't see this rise of DeFi as any threat, it's good that
DeFi is getting more popular and that affect the price. I see crypto-market as whole and it's good when any coin make progress.

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Quote from: inanilujimi on July 23, 2020, 10:59:08 PM

The crypto market has long been dominated by bitcoin, so if a new hype pops up it will not significantly affect the price of bitcoin.
watch out for instant upgrades, it could be a trap so you can't get out.

When new hype also comes up, it will first not gonna be accepted by the bitcoin users. We're just too cautious to touch it because almost everything besides the usual projects that we are used to are accepted.

Defi seems to be an odd project but it actually exists since time, it's just like we not open to new things. Aave and Compound is just a few of it because there are actually more defi projects that we haven't heard of. Coinmarketcap has its own list that we don't recognize its a defi project. Check this out https://coinmarketcap.com/defi/

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Quote from: leyton11 on July 23, 2020, 08:37:18 AM

Quote from: jayson (www.torum.com) on July 21, 2020, 03:47:48 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?

That is definitely not. The top altcoins are said to be good long-term investment goals and it still works very well. certainly the money will be more different and inclined towards defi altcoins, the obsolete altcoins will be more likely to be expelled from the market. That's why thousands of coins are removed from the market every year for not catching up with the trend.

In the last few weeks a lot of old coins are starting to add the name Defi to their projects and this is a way to make the value increase very high in a short time. I think this trend is becoming more and more popular so you should also be careful and avoid Fomo because the risk can still happen at any time. I think Defi will be a temporary investment trend and will soon be forgotten by the end of this year.

inanilujimi

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The crypto market has long been dominated by bitcoin, so if a new hype pops up it will not significantly affect the price of bitcoin.
watch out for instant upgrades, it could be a trap so you can't get out.

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Quote from: jayson (www.torum.com) on July 21, 2020, 03:47:48 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 will remind you that these DEFI were building inside the major platforms. I don't see any reason for the bitcoin to be replaced by defi coins. It looks like you must see it from the technical view too.
DEFI is not having the main aim to replace any other crypto currency.

Mulann2

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I think this is most likely, definitely everyone wants a piece of the pie, defi are very hot this days and anyone who invested in any defi project believe they have hit a jack pot, but i think this is just over hyped because I do believe not all defi project will perform the same and being huge profit to investors, the market have in a very stable position this few days, it may be the reason why investors are looking for something new and interesting.

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Quote from: LbtalkL on July 21, 2020, 12:11:37 PM

DeFi is really something now, I didn't know Chainlink and compound is a defi project until coinmarketcap added a list of defi projects and surprisingly LINK is the top 1 https://coinmarketcap.com/defi/. and because of that I learn new defi projects. They are not really a threat, each crypto has its purpose, most of them are using ETH network, that is their weakness as of now. If ETH is clogged all of them is affected but this new tech provided by defi is amazing.

Blocknet is a DEFI projects as well, been for a long time, so I'm sure it will get a lot of attention soon as well, mainly because they work on enhancing the whole ETH network through a decentralized "Infura" solution, which decentralizes the data being broadcasted between the ETH network, and it's tokens.

leyton11

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Quote from: jayson (www.torum.com) on July 21, 2020, 03:47:48 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?

That is definitely not. The top altcoins are said to be good long-term investment goals and it still works very well. certainly the money will be more different and inclined towards defi altcoins, the obsolete altcoins will be more likely to be expelled from the market. That's why thousands of coins are removed from the market every year for not catching up with the trend.

shoreno

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this defi is so hyped now . people keeps on talking with that anywhere and thats the start of curiousity of others that are new to it and they start checking it out . they stop buying thier main coins for a while which causes for the price to go down but as soon as they got used to defi , they will start crawling back again on the originals. thats only a classic move by the investors , they will keep doing it as long as there are new discoveries on the crypto world .

shata

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Defi projects had proved to be an evidence that cryptocurrency can work like traditional banking sector as something put into the context of our current technology.

That being said, defi will still continue to work in the near future, and potentially the best investment tool right now.

Further, its up to every person, how they will make profit? Either by staking into defi projects or investing into existing cryptocurrency.

I believed lots of projects in the space are focusing on becoming centralized as they imitate the traditional sectors like banks, financial institutions and etc., to do transactions.

In addition, the thought of trusting companies is one of common risks we already accept the moment we dealt/made our first crypto transaction. so yeah! thats how it is...

Quote from: WSDN on July 23, 2020, 06:35:53 AM

Quote from: slaman29 on July 23, 2020, 01:05:29 AM

I don't know guys. Feels so tempting for me to go in and earn interest on things too, but I had a bad lesson to learn before about trusting platforms and companies, no matter how good they are or how big their reputation is (I trusted someone on the highest possible trust level on this forum). You lose your money, you cry. And for what? 10% interest a year?

DeFi is big now but I fear it is the lack of controls and FOMO that will cause this to be the next bubble.

I agree with you. I think this investment trend will only exist for a few more months so if you can choose a potential project, consider investing now. I am not sure if everyone will be interested in Defi projects next year, but there will certainly be another trend by that time and it will surely attract more investors. Anyway, this stage is the growth stage of the Defi project so invest if you feel the project is potential.

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Quote from: jayson (www.torum.com) on July 21, 2020, 03:47:48 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?

Since you itself mentioned that temporary effect on the prices so coins which are trusted by the community will not have any effect on this and this is bad for the Defi projects itself in the long run if the investors started to dump their tokens after a while.

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Quote from: slaman29 on July 23, 2020, 01:05:29 AM

I don't know guys. Feels so tempting for me to go in and earn interest on things too, but I had a bad lesson to learn before about trusting platforms and companies, no matter how good they are or how big their reputation is (I trusted someone on the highest possible trust level on this forum). You lose your money, you cry. And for what? 10% interest a year?

DeFi is big now but I fear it is the lack of controls and FOMO that will cause this to be the next bubble.

I agree with you. I think this investment trend will only exist for a few more months so if you can choose a potential project, consider investing now. I am not sure if everyone will be interested in Defi projects next year, but there will certainly be another trend by that time and it will surely attract more investors. Anyway, this stage is the growth stage of the Defi project so invest if you feel the project is potential.

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I don't know guys. Feels so tempting for me to go in and earn interest on things too, but I had a bad lesson to learn before about trusting platforms and companies, no matter how good they are or how big their reputation is (I trusted someone on the highest possible trust level on this forum). You lose your money, you cry. And for what? 10% interest a year?

DeFi is big now but I fear it is the lack of controls and FOMO that will cause this to be the next bubble.

TimeTeller

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Quote from: ololajulo on July 21, 2020, 04:22:54 PM

Quote from: Review Master on July 21, 2020, 04:02:54 AM

Well, it's look likes a fomo to me because it'll vanish just like other trends when more public will attract into Defi and get low reward as it's the main point for all the newcomers who get interest into defi. Also i see many of the well reputed Top crypto projects are shifting to Defi catagory. Recently, Tomochain get the Defi tag on CMC and all people get in fomo and buy tomo.As a result, tomo get an instant pump. But the major coins won't be effected , imo.

The idea cant be sustain for a very long time time, creating scarcity by reward to increase price but when the time of sale comes the rate of price dump will also be very massive. FOMO is always making money for some side of the market and everyone is trying to be part of it, especially the top exchanges, Listing those coin with very short notice.

This may be their time to shine but I still believe that if the coin has good foundation, strong dev team and actual use case in the market, they can still have good performance in the market.
So it doesn't matter if your DeFi project or not, as long as you have continuous development in your network, you have the chance to survive.
For sure, a lot of crap DeFi projects will be launched in the coming days. And it is up to the user, how he will identify those that are really worthwhile projects.

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Quote from: kingzpro on July 21, 2020, 04:06:08 PM

Quote from: jayson (www.torum.com) on July 21, 2020, 03:47:48 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?

DeFi craze is real and the pumps in some of the coins/tokens in this sector are huge which no one was expecting a month ago to be honest but being greedy and entering late can be risky because market is highly volatile and trend can change anytime because DeFi have a long way to adoption and till then it is all speculation and fomo.

The current Defi projects are very attractive to investors and certainly this trend will last for a while longer. However, recently a lot of scam projects are appearing more and more and just adding Defi is immediately project that will be of interest. I think, you should take the time to research first because you can still be at risk at any time when investing in projects like this.

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Quote from: Review Master on July 21, 2020, 04:02:54 AM

Well, it's look likes a fomo to me because it'll vanish just like other trends when more public will attract into Defi and get low reward as it's the main point for all the newcomers who get interest into defi. Also i see many of the well reputed Top crypto projects are shifting to Defi catagory. Recently, Tomochain get the Defi tag on CMC and all people get in fomo and buy tomo.As a result, tomo get an instant pump. But the major coins won't be effected , imo.

The idea cant be sustain for a very long time time, creating scarcity by reward to increase price but when the time of sale comes the rate of price dump will also be very massive. FOMO is always making money for some side of the market and everyone is trying to be part of it, especially the top exchanges, Listing those coin with very short notice.

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Quote from: jayson (www.torum.com) on July 21, 2020, 03:47:48 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?

DeFi craze is real and the pumps in some of the coins/tokens in this sector are huge which no one was expecting a month ago to be honest but being greedy and entering late can be risky because market is highly volatile and trend can change anytime because DeFi have a long way to adoption and till then it is all speculation and fomo.

Topic: The Rise of DeFi — A Temporary Threat to Major Coins? - page 4. (Read 1034 times)