Topic: Trading DEFI vs Trading Older coins (Read 382 times)

As far as I understand, DeFi is an investment in the development of a project, cryptocurrencies, most of them are short-term transactions. Not all, but many. First of all, you need to understand what you want to get in the end, interest from the auction or profit from the project. But DeFi is a big risk, you should take this into account.

If you have information before it happens, I think that's the best way to be safe and form a plan of risk management towards the action you are going to do. For sure it's going to be easy money but to get out at the right time would be key. Mental challenges would be a factor as well.

---

Some of the DeFi coins are still on top. Look at DOT, reaching an 18% gain in the past few days. Do you think it's just like the older coins as well? It seems some coins have potential.

---

I think it's not only because of the type of traders, like how much they risk etc, but how early they are trading. Imagine being able to trade profitably when you are new but going to be devastated once you taste those real losses. One key difference is how they became traders or when did they become traders. So mostly, if they are new to the trading scene in crypto, they would know DeFi coins and how it pumps, etc.

---

It's all about the market right? We cannot control or predict it 100% of the time so we just need to believe. There's no correct answer here in the first place. It's all about the timing.

Just go for anything you like, they are all good, stop waiting for which is the best and just start trading.
If you’re serious about trading a coin you have to follow up with it and be doing everything you have to do, like analysis and being up-to-date with news about it.

Defi is good and they are profitable, and that’s the same thing with other coins in the market that has been around for some years, they are well established in the market and you’re very sure that they will increase in price at anytime. There are so many Defi that are not really good. Doge has been going through a lot of pumps, and you know why, but don’t forget the pump can end anytime.

More significant factors had affected tokens/coins both defi and old ones in one way or the other depending on there constant development techniques, beside Defi is just ramping at the corner at an everyday news and rumours unlike old coins, mind you the number of years a token will stay will surely determine how that token would still be active, actually old tokens that's still having some recent development seeks the attention of new and old traders thereby causing the price to be at the high peak as the case of doge, atom, LTC even rxp.

Take a time and observe these defi coins in the future if they will still be showing some significant growth in price except for the ones that's still having plan of executing the targets. The both coins are good for trading but consider the old tokens still healthy like funfair (FUN).

I believe it is obvious that people who want to trade defi and people who want to trade older coins are not the same type of traders.

If you want to trade on defi that means you are willing to take more risks for higher rewards, you either put some money in and make 5x return or you lose 100% of it via some rug pull if they do that, there is really few in the middle but it is usually either go big or go home situation for the defi traders, whereas in the older coin generation we are talking about making 50% profit as a great thing or 50% loss as a great loss and that's about it, we do not invest into ethereum and lose all our money, we do not invest into ethereum thinking it will be 10k neither, it is going to be something between 500-2k for a very very very long time. Sure there are times when all coins go up a lot but those are investors deals and not trader related honestly.

Defis look new but if you have experience in trading, you can cope up with it by just having yourself the time to read a particular defi token.

They really are but somehow evolved.

I prefer trading older coins because I'm more familiar with their patterns and prices on where to buy. I recently gain some amounts from xrp and doge when it started to pump few days ago. Defi tokens are very new to me and I haven't done some research about them. I feel like they are just the ICO tokens back in the days where it only pump once and never goes back up again when it dumps.

How long these Popularity will last ? Yeah Defi projects are now popular but the question is if how long will this be capable of serving the people ?
Most of those who invest in those project are only there to Profit and that's their pure target while in Older coin those who has been holding up to now are supporter and had been their for long time .
so better think wide and not for short term planning.

Now DeFi tokens are became popular than older coins.Because, everyone try to do new things and make profits by different way.i like both Defi tokens and older coins, if those coin or tokens given good profits.

With this, you're just gambling with your capital. Do understand that no trend of last forever which is why if you want to invest for the long term, you go for coins with solid fundamentals and support community support. These aren't the attribute among f must newly launched project excluding just few. You can see imhiw the trends has changed over the years. Before it was privacy tokens getting all the attention and now it's lending platforms.

If you want to go after the trends you need to be very cautious to avoid getting dumped on as the possibility of that happening is very high most especially as the earlier adopters dump their holding when the attention has gone mainstream. Trading trends has high risk associated with it though they give the best profit but it usually don't last for long.

In the first place, we really don't what could be the movement in the market whether it is a defi coin or an old coins.
Just like what happened this recently, were Dogecoin was showed it's performance to pumped or spike its price suddenly in
the market, then for the Defi coin for me Link is one of the potentials that can really give a nice good profit as well if we are holding
it in the long term for sure.

The profit I got from trading DeFi tokens was greater than trading with older coins. Moreover, LINK and UNI gave me enormous profit, but I believe
the profit generated from older coins can be much greater if in HODL for the long term. Especially for Ethereum and Dogecoin holders who have
been holding since 2018, surely now this can generate a very large profit. Because the two older coins experienced a very significant increase in price.
The conclusion is, if you want maximum results, combine DeFi tokens and older coins.

I'm looking in DeFi and DeFi coins right now, and I have the feeling that all the on-chain trading fees are eating the good profits. But I will try my luck with UNI anyway as it looks stable.

After reading all the posts, I believe that it's better to choose what's best for you. And for me, I would prefer the less "hot coins" at the current time, which are DeFi, and just possibly sit and wait to profit from my swing trades.

---

With the type of trading strategies that I have, I would prefer the stability right now because once I have chosen the wrong position, it would be a heavy bag. Which is what's happening to me right now.

---

I thought you were thinking about not riding the wave of it because you don't believe in it. Anyway, I think there's still time to be part of it though.

---

For me, I would have a hard time following the news because I don't check it too much. I have subscribed to a channel but I don't see it often. It's hard to ride the hype though.

---

I do somewhat agree with this because of the current situation that we have right now. Having a larger audience of DeFi makes it seems more unpredictable compared to the old ones. I don't think it's more profitable but better to be safe than sorry.

---

The movement of BTC is too big for my strategy right now, I don't think I would ever use it for now. If I base those types of movements with other coins, I would choose a stable movement type.

I did try a very small amount to trade in with DOGE and I would say that I was too late, lol.  

---

How do you even determine that "fundamental" factor of a coin? Would you be willing to share?

if you want a big profit, follow the trend, because the trend determines your profit income, the trend in 2020 is Defi,
and Defi has experienced a high increase of up to 1000%, of course this is different from old coins like Litecoin, Ethereum, and Monero which only rose a few percent in last year, but this year is very interesting, not only Defi but old coins are rising, and giving new trends, old coin collections are also because Ethereum has reached new ath, then old coins will also follow suit.

DeFi coins were still hot in the market. I closely check the LINK coin and probably a good coin for me to trade. The more it becomes volatile the more chance we can possibly get huge profit but we should have to carefully understand the RSI before buying.
For now, I'm out of known coins, ETH, BTC, there are more gainers coins in the altcoins where some of them are just preparing for the hypes. Must have to catch it before it fires up and that was now I'm searching for.

We cant deny that there are defi coins performing well in the market and good choice to take advantage because it can give us profit depending on our style and strategy on how we trade it.

But I think old coins are still safer because they are already well-established. If we track the history, these coins experienced to plunged but managed to recover back. Its just shows how reliable these old coins regardless if you want to trade it or hold.

Thus it depends on what we prefer, we know better whats more profitable so go with it.

I do day trading with choosing a coin that being pumped or the coin having a good fundamental factor. Be it DeFi coin or an older coin becaus it doesn't matter to me. A coin that has a good fundamental factor will always up when the price meet a slightly correction. Even, we will see a small correction in the movement price.

I choose the coin because I can differentiate when I choose a coin that has fundamental and no, the coin that has fundamental factor will give a comfortable feel and I'll get a lot of profit. But when I choose the coin that doesn't has a fundamental factor when the coin meet a correction I'll be afraid and sometime I choose panic selling.

Old coin has stand a test of time and some new defi too are doing great well but it could a great thing to note that many of this defi projects still greatly depend on old coin such as ethereum. Most of them are develop on ethereum block chain and it is a good thing to know that some defi such as YFI are still under developed with no info regarding the next thing to expect in term of development. I will advise you not to put all your eggs in one basket. ETH and some defi coin combination won't be a bad idea at all

Always difficult to predict what is going to pump next.

But there are some indicators:

- Some projects have lot of hype around them;
- Investors and traders are very sensible to announcements
- DeFi is definitely hot rn
- Bullrun is still on going
- Many coins haven't yet pumped and/or are still undervalued (peer comparison)

This question is subjective because profitability will always vary on how well you do trade.It doesnt matter if you do go with DeFI or do simply go with typical
or known coins in the market.Both will really be moving out their prices  depending into their demand. Volume is one of the most common indicator
on which one will really be worth off for your time or indication that price will really be actively moving.So this will particularly talks on someones preference,
if you do find out that trading DeFi is profitable  for you then stick with it, but if not then go with other alts, just find on what suits you best.

You have listed the top Defi coin and old coin coin .I think Defi is recently getting a great hype and the price is growing through it .On the other hand old coin which has a great blockchain platform and they are well known platform with great popularity .I think defi project are still testing on the crypto platform we are now watching closely into the market after that we can easily decide which platform we will choose to invest .

Lovely charts are the ones attract us to dig in and find out potential coins/ tokens to speculate with.

• Investigate the developmental activities of those projects: in the bear market, last 3 years and in the bull market.
• Consider
  
  • If their developers did not do anything or very limited in the bear market, please stay away from those projects. They solely wait for bull market to reappear and find other greed waves to steal your money.
  • They don't have intend to develop any real product, just need money
• If their developmental activities are good in past 3 years, ok, you can go forwards, find more details, and make decisions.
• Volume should not be tiny due to risk of delisting. Exchanges are greed and they don't lose anything by deleting old, dead coins and add new coins with big volume (even in next few months). They don't want to spend maintenance resources for dead coins.

Either Defi or older coin, there is not coin you can't cash out on big time. Though, I personally have very little trust in this Defi craze. They can be so discouraging sometimes. While not let's generalized them and look forward to getting any one among them that when traded can give you something reasonable. Have not had luck with Defi coins before, so I stick to my older coins. Likes of BTC, eth, trx, XLM, BNB, ADA and lot of them. Do you guys noticed what is going on with DOGE COIN now. Who would have believe a shit coin like that can be doing so good lately. That's crypto for you, don't focus on Defi alone. There are more opportunities.

defi still has the possibility to go up when eth becomes 2.0 and I also believe in defi coin for now

I am afraid that if we suggest you trade the DeFi or the older coins can make you more confused to decide because I see in your list is good to trade, although it is a bit difficult to determine to enter the market. I think you can use bitcoin to trade now as the price still moves up and down many times, so I guess you will have a chance to make a profit.

I see that Link, Uni, Eth, Ltc, Nem, and Xmr is good to trade, especially for the scalping trade. But you can also buy and hold that coins and only wait for the price to increase higher, you can sell them right away. Some of my friends are still trying to trade for dogecoin pair btc or dogecoin pair usdt, but it is risky since the price is already skyrocketing. Perhaps, that still worth trying, but you need to be careful.

But you need to research by yourself to find the coin.

Defi is a high risk high return asset considering the volatility of this coin. Defi doesn't need to be hype that much in able to be discovered unlike old coins that needs to be hype by well known person to discover since hype already passed there era.

If your purpose of trading is for long term, old coin is a better investment than defi because old coins price is not that hype too much which means there's still a lot of room for potential growth.

I recommend investing on $ONT $NEO $XMR $DASH and many more coin that's not on the spotlight lately. I'm sure whales will jump on other good old coin that doesn't pump yet.

Since the profits (quick ones) is what we're looking for here when trading altcoins, you don't have to risk getting screwed as poor marketing or patronage are been given to the old coins. You don't expect those that where launched years back to do better than the newly launched project with all attention at them. The old coins that'll be doing great aren't the average ones out there but those with losts of marketing and community support just as we saw with doge coin in the last 7days.

We all know without all the hype, there isn't much potential in the coin and it was beginning to lose the media attention but all or most defi coins are in the news and this contributes to their growth. Ethereum success has lots to do with it been the host platform for most DeFi projects.

For investing, the old project with fundamentals are better options then the newly launched project but for the trades, you can ride the DeFi hype but with caution though.

Just to add here: while risks of loss is surely smaller, the chances of them going higher are also low. So act accordingly.

I remember those older "DeFi" coins of 2017 lol. When they were being shilled everywhere on Reddit it was like these projects were some hot stuff that's guaranteed of being successful and being a good investment.

Well.. they sure have such "lovely" charts..

Yes the old coins will shine better than hype DEFI project. DeFI right now is like early stage of ICO where many investors earn a lot in early days of it , it will also lost its value in long term after many people taking profit in it and they will back again to old coins that has more use cases than this new DEFI project. I don't say they will failed its just too early for them to have that daily volume or increase in their price without proven anything in crypto space.


And for the LINk  I heard that 1% of wallet owner own 80% of the supply thats the reason I guess thats why its easy to pump because it is more in favor to more holders as long they will not sell it has a potential to grow.

Honestly I would still go for trading older coins if you are capable of investing with minimal risk and do not want to risk it on a yolo trade. At the end of the day small investor would have to pay a hefty network fee and will be at zero on first second, that means you need to invest into a defi that would make you 20%+ profit in a very quick period of time just to help you break even. That is why I would say older ones are better for smaller investors and less risk.

However if you can find it in yourself to invest a decent amount (I mean like 1k dollars or more) and you want to risk it all, I would suggest find the defi that everyone is hyped about, and get involved with it and you will end up with a huge profit from it enough to actually cover the fee easily and more money on top of it. I do not think that it is easy to do that, but it would have a higher reward as well.

I think DEFI already has its big move, and from my observation, this bull run could make old community coins shine again.
If you remember, in the past, there are Raven, Digibyte, Bitshares, etc., ups they already pumped.

*Not financial advice, DYOR & DWYOR

Let's skip the list of new or old coins/ tokens, I think it is a period for old altcoins/ tokens.

DeFi tokens have their year in 2020, since July or August of 2020 (I just recalled it). If you have been in crypto market long enough, you would know that a cycle of pumps and dumps take months (usually 4 months). But hey, it is magic behind the pumps of DeFi tokens last 2 weeks such as CRV.

Anyway, despite of the fact that altcoin season is in the air, old altcoins are better choices as they were dumped many months and now it is time for them to rally and show their 'values'. If anyone need example, it is Ethereum, the King of altcoins.  

Note: Old altcoins/ tokens give you better safety, risks of loss is smaller than DeFi tokens. At least for this period.

what you say can reflect of all those who trade because what is needed is not what coin is, but what is clear is the coin that will give you the best return. if indeed Doge is being targeted, we shouldn't ignore it because the opportunity will be lost the next time. It's hard to guess what will happen when the price moves up as well.

Unfortunately, the opportunity to increase will not be long ago if we hold on to waiting for it, because it looks like it will soon start to look down again, whether the next one will be another surprise, of course no one can be sure. 

It will be based on our own preferences. As long as trading those are effective to us, no need to specifically choose on them.

Right now, I admit that I'm one of those who ride the DeFi hype since I'm always open at any opportunity and already test the waters there but I still have those "old" tokens, shit or not.

In the end, the approach is still the same no matter what the coin or token is, maximizing the strategy to always keep up with the buy low sell high target instead of the other way around.

In trading the utility doesn't affect much on the prices so ignore the defi, coins or tokens just pick the one which is about to burst. Doge coin was the on had supporters for very long which suddenly caused the price to burst out which can happen with any older coins but with new defi it may only last for minutes and for sure the whales are going to make the reap not the actual traders.

I think those defi tokens are much better. But we can't literally neglect those old coins as these are the pioneers. One good example is dogecoin but I believe the pump is solely due to hype of elon musk. Now everyone watching what will be the next hype coins. Not so sure but definitely polkadot projects are still on hot seat.

Maybe we should depend on the project that are fully packed with updates and news.

To be honest, I was wrong at first on DeFi coins.
Instead of accumulating some of them before, I instead bought the old coins or where those DeFi coins are built on.
Just like Ethereum. If you made some calculations, if you buy some Defi coins that are under on Ethereum, you may earn huge profits instead of just buying only Ethereum.

There really isn't such thing as "coin that's better to trade". It's just going to depend on your trading style. Some guy could prefer something that's low volatility and high trading volume like the SPY, while someone like me would prefer something high volatility with lower trading volume like DOGE.

Same thing with those altcoins. The DeFi tokens are moving a lot more recently due to their hype so there's so much opportunity to time a long/short, while those other non DeFi altcoins are slightly more stable hence probably better to trade with options. Which coins with these certain characteristics that you prefer trading will be the "better" option for you.

Do you think that it's better to trade older coins that are nowhere near the DeFi craze that we have right now?

So the DeFi Tokens that are hyped right now (from the top of my head)

• LINK
• UNI
• SNX
• DAI

and many more.

There are a lot of tokens that are bringing even more value without being a DeFi Token

• ETH
• LTC
• NEM
• XMR

With Doge skyrocketing, I'm even more confused what's the best thing to trade into.

What coins/tokens are better to be trading into? Like what are the coins to watchout for or are there any other asset to consider? What do you guys think?