You want DEFI? Go Oldy | Bitcointalksearch.org

guydin

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Quote from: shoreno on December 16, 2020, 06:46:28 AM

i thought the oldy on your title is name of a coin or the coin itself but it looks like you mean older coins . i like this better than a coin named oldy if ever it existed Grin

but you said defi that starts in 2018 , are there already defi on that year ?

because i think defi have started on the late 2019 and it only peak at the middle of 2020 but now that 2020 is closing the defi seem to do the same . too bad that old defi are getting affected by the new and scammy ones .

The situation with defi is identical to the interest in ico in 2017. But the profitability offered by DeFi products is frustrating with risks that users can't always fully appreciate. Now there is a blind development of the industry. we need comprehensive audits from several companies, insurance against hacker attacks and various errors. If this is not done, users will simply lose their funds.

Nellayar

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Quote from: Novatech8 on July 16, 2020, 03:29:01 AM

Not bad, fresh DeFi projects will be too risky because scammers have already gotten their eye on the use case, most successful DeFi projects presently have been around since a year or two now, if you want to invest I suggest checking the date they've been in development or existence

There are some projects who fake their existence. A lot of projects I had encountered already that told they started a decade ago and presented it on their website yet it was a fraud. The existence of defi projects for me is just like the hype of ico. They are just good at first specially that defi is really a noisy think in the environment of crypto nowadays. But all of the trends are decaying, so I guarantee you guys that tomorrow or in few weeks, they will fade again. Defi is the fresh news today, let us take advantage what it brings to the community until it despair.

huiji2011

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That is true, investing in old DEFI coin reduce much risk, because there is very little scam coins in the old coins, scammers tend not to waste time and cost on old coins, as is well-known, on account of new projects are easily deceived. Grin

nemey

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In my opinion, this Defi is very good and also very potential. Many Defi coins are indeed outstanding and can even be in the top ranks, rivaling ethereum in the market cap list. So I plan to invest in Defi.

pealr12

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Quote from: cryptomaniac_xxx on December 16, 2020, 06:26:01 AM

See, the OP pointed this out last July and after that we have so much hype in Defi. But with so many hacks and scams, I would say that it has died down already. And people have moved on, but I wouldn't be surprised to see another hype coming in like Defi and then the cycle will repeat itself.

You can go around this board and see the history of hacks and how big money is this criminals are taking. So it's better to just stick to the top 10 altcoins for now instead of being eaten by this hype.

That is the fun of it though don't you think! it shouldn't be the same old project all the time if not the whole market won't have new investors and new hype to push the market cap to the next level, but what is important is look out for those project that are truly genuine and have what it takes to push forward through all odds, because the crypto space is tough the competition is high and not all dev have the stomach to stand the heat. most of them just bail out and leave the investors hanging.

shoreno

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i thought the oldy on your title is name of a coin or the coin itself but it looks like you mean older coins . i like this better than a coin named oldy if ever it existed Grin

but you said defi that starts in 2018 , are there already defi on that year ?

because i think defi have started on the late 2019 and it only peak at the middle of 2020 but now that 2020 is closing the defi seem to do the same . too bad that old defi are getting affected by the new and scammy ones .

cryptomaniac_xxx

hero member

Activity: 1344

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See, the OP pointed this out last July and after that we have so much hype in Defi. But with so many hacks and scams, I would say that it has died down already. And people have moved on, but I wouldn't be surprised to see another hype coming in like Defi and then the cycle will repeat itself.

You can go around this board and see the history of hacks and how big money is this criminals are taking. So it's better to just stick to the top 10 altcoins for now instead of being eaten by this hype.

Drahzar

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Quote from: DEMER on December 16, 2020, 03:56:53 AM

Quote from: Drahzar on December 16, 2020, 01:53:36 AM

Quote from: DEMER on December 15, 2020, 04:21:35 PM

truly to say, i'm often invest in defi, especially in promising/credible dex projects. i think it's not like ICO/IEO - much more stable concept as for me.

oh so u might be interesting in new stablecoin dex - xsigma, just announced and looks credible - they are backed by a public company

cool maybe you'll give me some link/additional information about it?

https://xsigma-lab.medium.com/meet-the-brains-behind-xsigma-defi-d2e89928f3f7 I read here, but you can google them))

New_order

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Quote from: Bitstar_coin on December 16, 2020, 04:02:40 AM

Quote from: JeotQ on July 16, 2020, 02:52:52 AM

I will like to keep this simple and short, you want to invest in DeFi projects? Yea they are the best presently in terms of fast growth and adoption but watch out for new DeFi projects because they are probably scam, you want DeFi project? Look into those that's been around since 2018 or max 2019, not all newly launched DeFi projects starts development in 2020, DYOR and Play Safe.

You know you have a point there, defi has been in existence since 2018 but it was in middle of 2020 that the hype of defi project went crazy, for those defi project who have been around since 2018 and never create unnecessary hype to promote their project are the ones that really deserve investors attention because they are actually building something in the decentralize finance department.
make a good investment decision and not the one you might regret latter.

True, not everyone are looking into DeFi projects that's been launched before 2020 and they are more reliable than most new DeFi projects but there are few old projects that aren't DeFi driven from scratch but they have successfully switched to DeFi use cases, how will people be able to tell the difference? My point is even old projects can still FOMO on DeFi

Bitstar_coin

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Quote from: JeotQ on July 16, 2020, 02:52:52 AM

I will like to keep this simple and short, you want to invest in DeFi projects? Yea they are the best presently in terms of fast growth and adoption but watch out for new DeFi projects because they are probably scam, you want DeFi project? Look into those that's been around since 2018 or max 2019, not all newly launched DeFi projects starts development in 2020, DYOR and Play Safe.

You know you have a point there, defi has been in existence since 2018 but it was in middle of 2020 that the hype of defi project went crazy, for those defi project who have been around since 2018 and never create unnecessary hype to promote their project are the ones that really deserve investors attention because they are actually building something in the decentralize finance department.
make a good investment decision and not the one you might regret latter.

DEMER

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Quote from: Drahzar on December 16, 2020, 01:53:36 AM

Quote from: DEMER on December 15, 2020, 04:21:35 PM

truly to say, i'm often invest in defi, especially in promising/credible dex projects. i think it's not like ICO/IEO - much more stable concept as for me.

oh so u might be interesting in new stablecoin dex - xsigma, just announced and looks credible - they are backed by a public company

cool maybe you'll give me some link/additional information about it?

Wawa2013

sr. member

Activity: 1666

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I agree that DeFi projects existed before 2020, so we can choose old DeFi projects to make investment more safer.
Because new DeFi projects are now only copycat and mostly scams, so if you are interested in investing in DeFi projects,
it is safer to choose DeFi projects that already exist before 2020. I recommend investing in Chainlink which has been
released since 2017, so in my opinion Chainlink is a highly recommended DeFi project to buy.

PerfectCircle

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OP did have a point, projects like Chainlink, Ferrum Network etc are already DeFi from scratch and they've around before DeFi hype started in 2020, such projects can be more trusted compare to new DeFi projects, 99% of DeFi projects today are from developers that are after the hype, make money and quit or abandon the project, that's their aims

Maxstl007

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Presently I define DeFi as broken and unperfected, there are many scam DeFi projects and that's expected because it's a new thing in crypto space but DeFi are based on code when built and those codes aren't reliable, they are easily hacked, adjusted etc, even devs who practice DeFi easily swap smart contracts, the decentralized feature have been abused several times

Drahzar

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Activity: 345

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Quote from: DEMER on December 15, 2020, 04:21:35 PM

truly to say, i'm often invest in defi, especially in promising/credible dex projects. i think it's not like ICO/IEO - much more stable concept as for me.

oh so u might be interesting in new stablecoin dex - xsigma, just announced and looks credible - they are backed by a public company

militiariko

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Activity: 297

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Life is beautiful !

I do not want defi, i want profits; most times investors and traders are not supposed to worry about blockchains or sort.s JUST figure out if a token is worthwhile enough to give you profits and go for it, this is a kind of principles i like, align and work with. Why focus on a single blockchain when several blockchain are available to give profits.

Slingshot

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Defi is defi even those that started years ago. Look at the condition of these projects now and tell me what you observed. Sadly some project died years back but remembered to come back because of defi. Some changed usecase to defi and after fulfilling mission they died back and went to where they resurfaced from. Everyone should just becareful especially with defi. People are going out of it though.

Zeehaxan

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Quote from: JeotQ on July 16, 2020, 02:52:52 AM

I will like to keep this simple and short, you want to invest in DeFi projects? Yea they are the best presently in terms of fast growth and adoption but watch out for new DeFi projects because they are probably scam, you want DeFi project? Look into those that's been around since 2018 or max 2019, not all newly launched DeFi projects starts development in 2020, DYOR and Play Safe.

I fully endorse your point and even a lot has changed after your post in the defi arena i would still suggest the new people here to only go with established and reputed projects as new projects possess bigger level of risks.

krisnajsadrak

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Hodlers Network

Quote from: JeotQ on July 16, 2020, 02:52:52 AM

I will like to keep this simple and short, you want to invest in DeFi projects? Yea they are the best presently in terms of fast growth and adoption but watch out for new DeFi projects because they are probably scam, you want DeFi project? Look into those that's been around since 2018 or max 2019, not all newly launched DeFi projects starts development in 2020, DYOR and Play Safe.

indeed, sometimes Old is gold
so, an old defi project is more promissing than a new defi project
because the old defi project come before the hype on defi show up, and dyor is the best way to minimize the risk on crypto investments

DEMER

newbie

Activity: 24

Merit: 0

truly to say, i'm often invest in defi, especially in promising/credible dex projects. i think it's not like ICO/IEO - much more stable concept as for me.

Topic: You want DEFI? Go Oldy (Read 395 times)