I don't know--it depends on to what extent the suckers have wised up to the game being played. There are still a lot of people out there who believe they're going to find the next bitcoin when they invest in some overhyped ICO/IEO/whatever, so don't be surprised if we keep seeing these trendy investment schemes come on to the scene, as there will always be scammers.
Some random ICOs used to easily get millions of dollars, now they struggle to get even tens of thousands, and the term ICO is strongly associated with "scam", even among beginners.
Is it because the already existing centralised traditional finance wont allow De-Fi to take over? So its like for example the big fat cat oil billionaires who control the oil markets wont allow greener healthier alternative energies to take over yeah?
Because DeFi doesn't offer the same things as traditional finance. There's no personal loans, no mortgage, no car loans, no business loans, etc.
But can DeFi be scaled to offer those loans at what timescale were looking at?
Lastly what you guys think what Crypto Trend will be popular for 2021 next year? Privacy coins?
May be not privacy coins since everything about crypto runs on data integrity principles so we are already having private transactions and identity antagonist running over blockchain.
Well, you could say they there might be personalised coins that could jump in. A whole new world of possibility where individual developer create their own limited coins lets say few thousands or something with value based on their product market.
They will trade these coins for coins or product for coin basis and keep the liquidity around it.
This could happen considering there are no limits for the contracts that could be built up, network still has huge space. You might find this answer littel out of the box because it may not happen just now but soon.
With Countries around the world going cashless societies and releasing their own digital fiat currencies then Privacy coins will be needed right to stop governments tracking you?
You mean someone famous or well known on social media with millions of followers releasing their coins?
The reason why there's a changes because there's an improvement, people are looking for something better, so the old once will become obsolete as the new one gets popular. Of the list that you posted.
- 2017 = ICO's
- 2018 = STO's
- 2019 = IEO's
- 2020 = De-Fi
I only feel the ICO popularity in year 2017 because its popularity has reflected to the market, the rest, I am not seeing some significant changes yet, but hopefully this year we will see a bull run if this yeas is for the year of De-Fi.
Okay you saying DeFi coins will get their own bull run and nothing else except bitcoin and Ether is like the lifeblood to DeFi?
Lastly what you guys think what Crypto Trend will be popular for 2021 next year? Privacy coins?
I think it's the CBDCs. It's all over the news and I think China is going to be the first one to be approved. Facebook's Libra which is near to a CBDC because it's a stable coin has been delayed so it's a very relevant time to shine for those who are competing with Libra and that's going to be the CBDC. There is also news that I've read about CBDC in Europe so IMHO, that's going to be the next trend for 2021.
But CBDS'c are centralised owned by the governments and central bank/treasuries.
Lets say I make $1million in the digital blockchain dollar that will make cashless society in america. If the usa government dont like me they can freeze this digital asset with a click of a button like paypal limiting accounts.
Privacy coins?No way.Privacy coins will get banned by the governments,sooner or later.
I think that De-Fi is still far away from it's peak of being the "next big thing" in the crypto world.
Maybe some off-chain solution like the Lightning Network or the upcoming Taproot fork.
"Outdated trends" like ICOs will never come back in the crypto world,due to the lack of trust.Many people were scammed by the Initial Coins Offerings,so nobody would trust any new and emerging ICOs.
Like banning bitcoin right, but bitcoin still working when countries ban it. Same can be said with privacy coins?
I don't think that STO become popular though in 2018, and I wouldn't compare it to tech fashion, maybe it's just crypto continues to evolve in a sense and killed the previous hype. I doubt that privacy coin will be "IN" in 2021, it has a lot of shitstorm coming their way if they become popular, I mean you don't need to look beyond, many exchanges have been delisting privacy coins since 2018 so there's no way for it to become the hottest trend. I think DeFi will continue to dominate next year as well, and I'm sure it will have a massive growth as billions upon billions are going to flow.
So you think DeFi coins wont dump this year and will continue pumping to the moon and beyond next year?
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It stuck around for decades and it took the arrival of mp3 players for it to be superseded for good -- portable CD players were shit for the most part and MiniDisc never fully caught on in the consumer sector.