Bitcoin Forum

What the hell?

every dead project, with no development team that add's defi to his name, get a 100000% pump?

That's the Defi Hype season?

It's confirmed, 1500% in a day from a random shit coin born 2 days ago.

By the way, move this thread to altcoin discussion. Bottom left move button

Definitely a DeFi Hype, many sees a potential for decentralizing finances. These what the hype of DeFi brings and many were taking advantage before it will start again to outgrown by other hype that investors or whales soon to do. Better still analyze what the project still is other than putting the DeFi term.

Can you atleast name few dead projects that pumped because they implement DeFi feature? I would like to know their names, I don't pick projects that are once dead and come back to live, I'm into DeFi projects but the top DeFi projects only e.g COMP, Oikos, DIA etc

Be careful what you wished for, that's what I can pass unto new crypto investors on this forum, DeFi Hypes are real and can be dangerous tool for bad projects too, many bad projects will try to claim it's name and mind you DeFi isn't the real culprits here.

people overdoing the name Defi will go to the moon, somehow they don't read any more dead projects that use the name Defi, that's funny, but because of that gas fees and ETH transaction fees are really expensive, even more expensive than bitcoin, that's sounds strange, hope that the problems in the ETH network can also be handled properly

Paid almost 50$ fees to uniswap WETH into DIA.

that was crazy

DIA is a big DeFi project, not just a project trying to use DeFi hype this year like many others, this project have been in development since 2018 and yes I believe it's congestion in eth network that makes fee that high, I'm glad you invest in a better DeFi project unlike many you blindly invests.

Yep, that sums up the current alt situation and craze. First we had ICO, then security tokens were the next big thing, after that IEO appeared, then shitcoins started switching on bnb chain, and now we have defi.
I expect that to be over when enough people loose their money in those pump&dump schemes.

To be honest, fees are not high just because of that. There are quiet a few scams that are based on Ethereum that are causing that+ tether. (if you check ethgasstation you will see that in top 5 there are 2 scam projects)
https://ethgasstation.info/

I would say that we are in the Defi Hype season already. Again, check the numbers, billions worth of money is flowing, everything that has some "Defi" into a project will have a chance to be pump again. And I'm sure everyone will agree that we are in the beginning stage of the ICO madness in 2017, so I'm expecting that something in the last quarter specially November-December, there could be a massive pump on the Altcoin market again.

Absolutely right, same things happen when the ICO 2-3 years ago this just hype, but make another problem on Ethereum network, I don't know how the Ethereum developer solve this issues. They just change their clothes to the new one and the clothes name is DeFi, careful always make a research who is behind the project this important things.

Defi craze seems to be real but i think it should be reasonable and authentic these 10x gains overnite those too in unknown projects is kind of strange and suspicious and there is high probability that the investors chasing such coins can lose in the end because thesd can prove to be pump and dump coins.

I think Yes, that's DeFi hype session. Peoples are buying blindly DeFi coins without showing their Development. I jus saw a coin that was 0.001$ few months ago and now price is 0.34$. Actually people will understand after few months. So better to make more research before buying otherwise they should cry later.

My own advice is to always take profits, either DeFi or not do not be greedy, DeFi hype might not last for long like many hoped for, take actions and avoid regrets later on, many scam projects will take advantage of DeFi success too, be ready

That's what happening right now every token is trying to become a DeFi token to take advantage of the DeFi trend. What I worry is if DeFi turns out to be a able bubble it's going to hurt lots of investors.

More reason why we should be educated on how a DeFi works I prefer to trust old Defi sites they are the early one that popularized Defi it's better to invest in these Defi anyway they are many of them already and they have their own page in both Coingecko and Coinmarketcap.

Maybe there is a reason why people are buying blindly,

As you have said, it is on the hype right now. This is the main reason that I can see why there are so many people buying blindly hoping for making an easy return for their investment. Sometimes, investors do take a risk just like today for the sake of making a profit even if their investment has no development.

The fastest way for scammers to make money in crypto space was ICO and now that ICO is no more they will use any means necessary to get their job done, and now that DeFi projects are becoming successful scammers will definitely use them

Scammers find ways to join the ride, what do we expect even dead project like what OP said will attach and use
DeFi for them to trick investors, and now the hypes is really being followed by traders, it's now the hyped around
this market.

There's a hype but not all the projects adding defi are profitable to invest, some are not legit and they don't attract investors TBH.
Check the list again, https://coinmarketcap.com/defi/... now, tell me if all of the pump 100000%, some of them are even negative at the moment.

DeFi projects have the hype but not all projets in DeFI are hype, that's the reality if you look closely.

I have to admit that scammers are very smart in finding a new method to trick people. You're right that they took advantage of ICO projects to scam people in the past and now they're about to use DeFi projects. It's true that every hype appears in this market will contain a risk of scammers. Scammers always follow the hype so well that we have to be aware of them.

To me Decentralized Finance (DeFi) is something like ICO at 2017 ago. Many people got interested to the ICO so as whatever the project was there will be many investor who will support the project and store their money in it and as we can see at that time ICO project was a promising place for investing. The investor got a double even more than that when he got a profit. And right now, DeFi is being loved by many people. Some coins who use DeFi system has been increasing a lot, like LINK coin which we can see its price has been touch another all time high. Yeah I think, it would be like an ICO eventually.

indeed project Defi so hype by pumping project is dead to rise dramatically I was also quite surprised by the project Defi these bring something positive in the market and make the pump price is so big that this time the possibility of this hype will continue to survive until the end of the year I believe enough strengthening of bitcoin prices up to a price of $11492.57 possibility hype will continue.

At the moment, this works 99 percent of the time, the ICO boom has taught us nothing, and in the end we are waiting for a painful fall.

Thats the power of hype in the cryptomarket. Even projects without use case as long as they are focus on defi showcase and announced listing on uniswap is gonna  be a real deal or can comeback alive even their project had long dead before.

99% of new projects are probably focus on defi concept and likely will only focus on the hype it could give.

I'll be a bit skeptical about the statistic. 99% of the time?? How can? However, it's right that the hype can raise up a dead projects. The stats seems to be overreacted, though, it's true basically. I believe that a lof of experienced traders and investors have learned the painful lesson from the ICO hype, therefore, they'll not easily be scammed again. New traders and investors should be aware of this hype!

yes it is,,, and this is a big bubble that will burst, if not today then tomorrow for sure. Interest does not grow on trees,,, it has to come from somewhere and when enough people lose money and liquidate capital, this thing will fall.

Good that you point this out but I'm not ready to wait around and let this happens without me not taking my own advantage, we all know that good things don't last forever but it's fun riding along, isn't it? I prefer to buy some DeFi tokens and make profits while it lasts.

Yes, that's the hype in this market. They just need to tag the Defi name on their project, then the project gets fomo and the price increases many times after being listed in the exchanges. I believe this situation will end soon like ICOs in 2017, this bubble will quickly explode

I can guess the name of the project you are talking about but I will leave it out of this conversation but the truth be told, DeFi is not a name to ressucitate dead projects as the tenets of the project couldn't survive the face of the market without DeFi, what  then makes it different at DeFi?

DeFi are of course the future of crypto but the current hype is a bubble that's going to burst soon. I hope the burst would not be counter inutiative to the overall development and adoption of DeFi. Cross platform DeFi solutions would certainly change the face of crypto sphere. But our investment on such should be calculated rather than jumping in the herd.

Lol, received a notification from Binance about serum (srm) with price increase of about 1500% and i was short of words, in this days where good project are struggling to increase by 10%, here is a project that tose more a thousand %, impressive if I may say, I have no knowledge about the project, don't know if it is defi or not, but the price pump is mad.

Including projects with billions of supplies has reduced their total supply to 1:1000. After the upgrade, they decided to add DEFI to the ticker name. Isn't that trickish?
Irrelevant project will always gain within short period of time but wouldn't last long.

ICO>>>IEO and now DEFI.
Time will define their success in the long run.

This will continue throughout this year, many defi project will record huge success because of the interest of people, whether they have real product or not is not very important as it is, short term, defi seem to be the right project to make quick profit, I just hope investors will use this opportunity wisely, know the right project to invest on and when to sell.

Investors need to be very careful around DeFi projects, most especially new DeFi projects, remember that ninety percent of new projects are only after money as per my own research on past projects in crypto space, scammers are evolving and getting more smarter every day.

When people are so ignorant and willing to spend their money rather than investing on the right assets are exists then these seasonal projects will try to loot money from them for sure.People will cry only after this hype got over so we can expect those mourns in next few months.

DeFi is a new form of ICO. Soon hype will end and everyone will forgot about it

We have too many blind investors in crypto space, they don't want to learn about what makes a project a good choice to invest on, they plan to make fast money without doing some diggings and after things goes side ways they will start blaming crypto

DeFi is still too young to predict real results, but the fact remains that it is in this period that DeFi projects are preferred by investors. In any case, it is possible that the time will come that investors will also fear Defi, as today they are afraid of ICOs. Although the main highlight of DeFi is an alternative to the banking sector and a replacement for traditional technologies, what gets the most attention, who just supplements their name with this DiFi abbreviation.

I still not understand why a dead project can come back to life using defi platform, And what makes the DeFi project so special these days, many their tokens can pump so high that make investors get multiple profits. We will see in the future the DeFi project will be born everywhere.

Because Defi is the trend of the market. Like 2017, all new projects are successful with ICOs and reap a lot of profits for the project creators. So be careful with Defi, I think it will crash in the future just like ICO

No doubt defi wave has been bigger than expected and many projects are trying to use defi in their project somehow. I have even seen ico projects claiming to be defi after seeing the hype around defi and this thing is still growing and does not seem to end.

It is this DEFI trend that we must be aware of, especially for new investors who will be very gullible or take short decisions after seeing a dead project grow back even pumping hundreds of%. DEFi's hype has made Scamers rise up to scam investors through this program.

Common mistakes and still exist around this market, people love's fomoing into projects, they are riding to the trend doing it blindly and after losing their money with their own mistakes, crypto will be the one to be blame. Funny but it's realities, if you will invest your money better to do your research and dig the deepest that you can do to sort things out and learned about the project's future.

DEFI is the next big thing in the space and as you can see everyone now want a piece of the cake. I was thinking about this also until I convinced myself to flow with the trend and make some cash, you can't flow against the tide you would be crush. We are all here to make money and DEFI is the next big thing

The hype only give them opportunity to revive a dead project since its trend owner use that as advantage to pump his coins even whales do this things to earn money from a hype project. Its not new since that is also happen in ICO and IEO before when they are the one who's is trend.

Nothing beats the 2017 ICO’s when all shitcoins pumped. Defi is new but I don’t really see difference when it comes to hype and people love hype it makes the market more exciting and live. I just really hope that investors know what they’re doing after all they’re into to this to make profit but if they choose the good ones but some may fall into trap.

You did not mention these dead projects, with no development team that adds defi to his name, get a 100000% pump? DeFi is on the hype now investors are looking for a project to invest but why the experiment on these dead coins that adds defi when there are already DeFi projects in the market that has good volume.

Yep, this is a strange thing from the hype which is weird, there is a token that I checked late last year (December) is a dead project and since they penetrated into "DeFi" everything has changed and now the token is close to 1$ which is supposed to be only 0.01$

This is true many think that it is easy to make money from such projects, so they join it without doing any research and in the end it becomes either worthless coin or turns out to be scam. But Defi is the trend now and anything you invest are giving some good returns so make money and exit it. If stayed for longer would not be worth it besides some projects.

Yeah they are just taking the advantage of the hype by adding "DeFi" to their names. I mean, you know most people are sheep. I bet most of them knows nothing about DeFi, they are just following the hype train and investing on it.
The dead projects are just slightly manipulating the price, enough to trigger naive people into investing it. Lol, anyone who are investing on those coins to make millions over night are going to suffer.

Lol...that's funny though.  It seems dead projects want to be hiding under the hype and boom the defi projects are experiencing now.  I think we need to be wise and look carefully before choosing some of these defi projects so that we won't fall victim of scammers.

Everyone is singing of Defi right now. Defi is stealing the show, I don't have any problem with the Hype around Defi but I am just curious about what may likely be the end of this whole show. It is good to make money now through Defi project but don't invest blindly.

this market is a gold mine for many developers, look that they no longer care about ethics. Everything that someone creates new in a short time is copied/paste by other projects... I don’t understand why we need 6400 altcoin if most of altcoin are copy/paste in the most scary Is to know that the number of new projects increases in speed of light, I don't know where we're going to stop this.


https://i.imgur.com/TBGAXDO.png

pump and dump

 ;D


I agree, in a while they will create something else and the cycle will repeat itself

Yes but not all of them, they are riding the hype most of them made a x2 to x10 on uniswap but upon checking one project they are using a bot to buy and sell on uniswap you can tell its a bot because it is coming from one address it keeps buy and selling to generate volume, be careful with those kind of projects they can pump and dump using a bot. This will be the end of tokensale on DeFi like they did on ICO before, don't jump into it without searching and digging info and facts.

I compare new DeFi projects with the rating https://coinmarketcap.com/defi/, where projects such as I think are added after verification. I see that cryptocurrency exchanges list such coins very willingly, which in turn increases the volume of trade and moves the price up.

It doesn't seem like that. People will not enter into a project to invest. Just because it added the DeFI name. People still think about other things in the project, such as the product, the team and so on. That DeFi is just a hype right now. it does not mean that all projects can compete because of DeFI.

But a lot of projects that were previously thought to be dead are actually doing it and people are earning huge money by trading those coins just for a day or two. Developers are taking the last profit from these coins by just finding a way to add DeFi in their name and viola they can make money again from their dead token again. I believe this is unethical and shouldn't be done as the community is already watching so many scams going on here in offerings of tokens and bounties and now this new type of scam is gonna make the community regret that they invested in these types of tokens. I have never invested in these type of scams and also always try to encourage people to not get themselves down this rabbit hole.

It's true and it looks like there will be many of them who will return to dead projects when this trend disappears, or they may only get a little exposure considering people are certainly more interested in fresh projects than buying a token from an emerging project.