Title: Do you think DeFi season is going to be just like Altcoin season? Post by: SomeJasonGuy on August 20, 2020, 04:15:47 PM Smells a lot like 2018 doesn't it?
Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: AhmadM on August 20, 2020, 04:57:02 PM Did you mean the current DeFi hype like ICO hype in 2017/2018?
Well, IMO there's no different from that and nowadays many frauds on behalf of DeFi project already exposed. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: Shohag123 on August 21, 2020, 02:26:19 PM I think everything has a perfect time and a date to expire.DeFi project is the new trend which is more hyped than 2018 ICO,s or Altcoins rally.DeFI projects are performing very well.But because if this hype every project are turning into DeFI. and just like ICO many scammers are running scam DeFi project.I think it will bring down the DeFi project.If the DeFi project rally continues in 2021 it will be a great opportunity for crypto to grow more.And I think DeFi will be a trend for a some time may be year or more.
Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: cryptovigi on August 21, 2020, 07:00:40 PM Smells a lot like 2018 doesn't it? exactly people have scent the money and they all pretend to be part of this ecosystem .... But it rather reminds me days of the dot.com bubble from the end of the XXth century (I'm probably one of the very few here who remember it) then the shares of every company that announced that they were entering the dot.coms or even IT business soared. I perfectly remember a shoe manufacturer who announced that he decided not to produce shoes anymore and is moving to the IT business - his shares jumped 10 times during the week ... why do I remember it so well? Because I bought on top .... ;-/ Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: bitbollo on August 22, 2020, 07:31:46 AM we can see right now only the speculation part of this process (the same that we have seen with mostly of ICO).
however behind project launched there are some advantages, since cryptocurrencies have new valid instruments and bringing new users, create opportunities is always a plus. However, there are some project that have been launched with "malicious" intentions (likewise no code audited etc etc). anyone should be very cautious at first sight while investing in such projects. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: TheUltraElite on August 22, 2020, 08:06:37 AM Some of the projects that were already known to be De-Fi long before ICO season started were like BitRefill and they are legit. Now we are seeing lending pools and stablecoins pools are De-Fi project and added on top are the fanbois hoping to see huge gains. This all makes it seem similar to the hyped ICO pump of 2017.
However it does not mean that all of them are scams. But profitable to investors? Doubtful about it because ICOs were not legal securities and as long as this sector remains unregulated nothing good will happen to altcoins. You can only put your trust in one thing and that is bitcoin. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: sheenshane on August 22, 2020, 09:53:50 AM At least we saw now that this De-Fi project has been delivered the live product and has used it in the ecosystem not just like ICO, this isn't comparable yet. And the fact that most De-Fi tokens projects are being held in by top 500 holder addresses (https://cointelegraph.com/news/analysis-most-defi-tokens-are-concentrated-in-hands-of-top-500-holders).
And yes, there are too many speculation parts about this and we can't blame those investors comparing ICO and De-Fi projects especially those people had been failure of having profit on ICO's projects back then. Let see and wait for the result and at least we invest of what we can afford. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: cryptovigi on August 22, 2020, 11:41:44 PM ... And the fact that most De-Fi tokens projects are being held in by top 500 holder addresses (https://cointelegraph.com/news/analysis-most-defi-tokens-are-concentrated-in-hands-of-top-500-holders). Damn! it surprised me ... most of the projects concentrated among 500 addresses / users, so unfortunately their real decentralization does not look good ... In this case maybe we should call most of them rather CeFi - Centralized Finance Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: Om.monata on August 23, 2020, 09:00:55 AM it looks like this is very similar to 2018, this will probably fly high altcoin prices easily and this can be used as an option to get bigger profits
Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: SomeJasonGuy on August 23, 2020, 11:29:44 AM Did you mean the current DeFi hype like ICO hype in 2017/2018? Well, IMO there's no different from that and nowadays many frauds on behalf of DeFi project already exposed. Yeah ICO Seasons of 2017-18. Huge pump followed by an equally huge dump across the board Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: SomeJasonGuy on August 23, 2020, 11:31:09 AM I think everything has a perfect time and a date to expire.DeFi project is the new trend which is more hyped than 2018 ICO,s or Altcoins rally.DeFI projects are performing very well.But because if this hype every project are turning into DeFI. and just like ICO many scammers are running scam DeFi project.I think it will bring down the DeFi project.If the DeFi project rally continues in 2021 it will be a great opportunity for crypto to grow more.And I think DeFi will be a trend for a some time may be year or more. Yeah, feels like it got more legs than ICOs had. Interesting to see what project stick around and whether they can sustain the success and hype. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: SomeJasonGuy on August 23, 2020, 11:32:13 AM At least we saw now that this De-Fi project has been delivered the live product and has used it in the ecosystem not just like ICO, this isn't comparable yet. And the fact that most De-Fi tokens projects are being held in by top 500 holder addresses (https://cointelegraph.com/news/analysis-most-defi-tokens-are-concentrated-in-hands-of-top-500-holders). And yes, there are too many speculation parts about this and we can't blame those investors comparing ICO and De-Fi projects especially those people had been failure of having profit on ICO's projects back then. Let see and wait for the result and at least we invest of what we can afford. Yeah it's going to be interesting for sure. we'll just have to wait and watch. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: SomeJasonGuy on August 23, 2020, 11:33:13 AM Some of the projects that were already known to be De-Fi long before ICO season started were like BitRefill and they are legit. Now we are seeing lending pools and stablecoins pools are De-Fi project and added on top are the fanbois hoping to see huge gains. This all makes it seem similar to the hyped ICO pump of 2017. However it does not mean that all of them are scams. But profitable to investors? Doubtful about it because ICOs were not legal securities and as long as this sector remains unregulated nothing good will happen to altcoins. You can only put your trust in one thing and that is bitcoin. I remember a lot of coins were Proof of Stake. Now the buzzword seems to be DeFi. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: BayAngelo on August 23, 2020, 10:38:44 PM i strongly believe that the Defi season has come to stay and it will last for a long period of time just like the traditional banking system has controlled finance and maintain top level in montary affairs. the DEFI season is quite different from ICO which involves funds raising which DEFI allows you to invest your money for a sutiable returns.
Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: Bl_385 on August 24, 2020, 12:48:45 AM Many say that Defi is just a hype, but I think that there are really interesting projects that will surely survive and grow even more over time.
The fact that there are a lot of scams, but after the hype passes, the best ones will remain and a lot of money will be poured into these projects. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: GreatArkansas on August 24, 2020, 12:59:17 AM Lol, 2018 altcoin season was mentioned again hahaha. Well, those times are glory days, literally shitcoin season.
But I do believe it will never happen again for altcoins, maybe it will but it will be different or there will be a new trend unlike before, there was ICO fever or other altcoins. Speaking of the new trend DeFi will be going be just like before, well that's also what I think but I am more on impossible to happen. People already learned for sure. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: kotajikikox on August 24, 2020, 07:06:56 AM Smells a lot like 2018 doesn't it? actually like 2017 and it may end this year or the next who knows?What is better now that many holders specially of ChainLink that make more than multiple pf their capital and this is what important now. and about the longevity of this DEFI?that is nothing we can tell just like what Altcoin season does couple years back. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: tabas on August 25, 2020, 05:24:14 AM Smells a lot like 2018 doesn't it? It smells more of 2017.Many say that Defi is just a hype, but I think that there are really interesting projects that will surely survive and grow even more over time. The same impression for ICO before until the scams existed and they took over the hype and then suddenly victimized a lot of innocent investors. There are legit defi but there will be scam projects that will ride this hype.The fact that there are a lot of scams, but after the hype passes, the best ones will remain and a lot of money will be poured into these projects. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: gazilla on August 25, 2020, 07:13:26 AM It is hard to say at this point, but I truly believe that some of the "DeFI" will fail as they are only adapting to market hype.
However, there are a number of good projects that will succeed without doubt. Thus everyone should be aware that not all DeFi projects will make it. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: peter0425 on August 26, 2020, 04:01:40 AM Smells a lot like 2018 doesn't it? Smells like Shitty will comes next?If this is like altcoin season then better for the holder to sell all of it now or be sorry soon? anyway i don't really like the concept of Defi and not even thinking in investing to this even that there are some currency that shaking the market now. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: inanilujimi on August 26, 2020, 04:18:08 AM I know the defi project has been around for a long time, but the hype that happened to the defi project has just been created which makes almost most old and new altcoins offer the service to benefit from the hype, I believe there will be many defi projects that fail and leave little. who will succeed with this concept. of course those who are real and have a strong team.
Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: Renampun on August 26, 2020, 07:12:12 PM Many say that Defi is just a hype, but I think that there are really interesting projects that will surely survive and grow even more over time. for me DeFi is just a HYPE, in the next few months we will see a lot of DeFi Projects died...The fact that there are a lot of scams, but after the hype passes, the best ones will remain and a lot of money will be poured into these projects. DeFi is phenomenal, many don't have a reasonable value, this HYPE is coming to an end and will make many new investors disappointed. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: jerrison on August 30, 2020, 07:58:30 PM I guess you meant by altcoins ICO. When it was the ICO season back then in 2017 loads of projects came up and the whole season about coins was ICO and loads of projects window to the block chain world. I guess DeFi is coming with that same orientation and I just pray it doesn't face the same fate as ICO.
Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: TheUltraElite on September 01, 2020, 05:07:22 AM I know the defi project has been around for a long time, but the hype that happened to the defi project has just been created which makes almost most old and new altcoins offer the service to benefit from the hype, I believe there will be many defi projects that fail and leave little. who will succeed with this concept. of course those who are real and have a strong team. Which is what makes the hype absurd. DeFi projects have been here for a longer period of time than ICOs started.What actually happened is that some projects started doing lending pools and stablecoins and tag the DeFi hashtag with it and promoted it like it was some new groundbreaking technology. In reality fools who never know what projects like BitRefill have done got excited about this "new thing" and looked into it as the new bubble. But even if many users of this forum understand this disguised scam, most investors dont even come to this forum and thus they are not getting informed of the same. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: gazilla on September 01, 2020, 12:02:32 PM Honestly, I think the DEFI bubble will pop and only the good coins will survive, which is hard to tell which ones they are. So we have to be very careful not to get stuck with bags full of nothing.
Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: peter0425 on September 01, 2020, 01:19:50 PM Honestly, I think the DEFI bubble will pop and only the good coins will survive, which is hard to tell which ones they are. So we have to be very careful not to get stuck with bags full of nothing. That's why those who Ride in this Pump should realized that and be mature to be contented on their profit so far,and wont look for too much.Because if this is just a Hype then it will drop drastically one of this days. Practicality is the Key to Win in this situation. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: carlisle1 on September 02, 2020, 12:27:46 PM Smells a lot like 2018 doesn't it? at some point Yes this is also my own interpretation of this situation as the News spreads like Corona and then out of the Blue Defi projects rise like we don't expect to happen,so it seems like 2018 and will end up sooner?Honestly, I think the DEFI bubble will pop and only the good coins will survive, which is hard to tell which ones they are. So we have to be very careful not to get stuck with bags full of nothing. Of course if there is really a Legit currency on these Defi projects then why not?my most concerns are those Not really Defi projects that is now Trying to keep close and make their project as Defi also to ride with the popularity and Scam investors,we must be aware of this. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: glowing10 on September 05, 2020, 09:16:04 AM Honestly, I think the DEFI bubble will pop and only the good coins will survive, which is hard to tell which ones they are. So we have to be very careful not to get stuck with bags full of nothing. This will happen and more or less in short time the way this Defi coins prices has risen is nothing more than speculation and I think those who have made some money should exit before those starts to fall like pack of cards. I am not of opinion currently that those would be a long-term lasting leaving some of the coins. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: Lhaine on September 10, 2020, 06:22:50 AM If you're waiting for a miracle, it won't happen. Learn how to trade even in a falling market. How can I make money in a falling market? Can you prove it? I'm new and I don't know much.For a simple reasons you can earn profit by having patience of waiting to the market became stable again. Buy when there are blood in the street then sell it when the price increase . More traders is accumulating many crypto currency when we are experiencing bear market and that way many traders earn a lot for having patience to wait. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: Danslip on September 10, 2020, 10:10:37 PM If you're waiting for a miracle, it won't happen. Learn how to trade even in a falling market. How can I make money in a falling market? Can you prove it? I'm new and I don't know much.Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: naureen978 on September 11, 2020, 11:16:49 AM In my view, cryptocurrency is innovative and I think it is the just start. we'll see so many things in the future because developer create new idea / projects to take benefit as well as these are the huge opportunities for everyone. However people should understand and learn it 1st then they should research before invest in any ICO or any other project.
Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: Mame89 on September 17, 2020, 05:17:49 PM I think this Defy trend looks like it will run smoothly for some time to come, but I think this will also be the same as the trend that has happened before, nothing lasts forever we just need to get used to it. Everything that happens in the crypto world and this Defi trend is actually an opportunity to move and seek profit.
Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: Dinda mayasi on September 18, 2020, 04:29:06 PM my hope and all, that paradefi network system will be the solution after the collapse of the crypto world price after BTC reached 300 Million. But as discussed by the friends above, there are some ICO market participants who are naughty and ultimately not as the marketing people expected. My DeFi value as a new breakthrough that can bring back the state of the world, at least make the market participants happy and trust the crypto world again.
Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: rk8814719 on September 22, 2020, 04:00:35 PM DRK coin traditional systems involve high transaction fees resulting from high costs due to low transaction speed and low throughput.Even simple applications can slow down the Ethereum based platform and increase transaction fees.
Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: carlfebz2 on September 22, 2020, 11:35:28 PM If you're waiting for a miracle, it won't happen. Learn how to trade even in a falling market. How can I make money in a falling market? Can you prove it? I'm new and I don't know much.if you are just starting up or essential for your trading career.Everything can be learn and resources are already or can be found online. Its up to you if you would really make use of those information .Babypips is indeed a good place for complete beginner not just talking about stoploss or take profits but also when it comes to the very basics. In my view, cryptocurrency is innovative and I think it is the just start. we'll see so many things in the future because developer create new idea / projects to take benefit as well as these are the huge opportunities for everyone. However people should understand and learn it 1st then they should research before invest in any ICO or any other project. The cycle would really continue because if theres one get old or gets saturated then theres new one would come out and now its the DeFi we are facing now which is really not much differentwith ICO in the past. Altcoin season? its just the same since these are just still alts which are part of alternative market.The thing here is that you do know on when to get in and on when to get out. Dont hold for long term excluding to those projects which are really worth to hold on. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: Twinkledoe on September 22, 2020, 11:41:57 PM I think this Defy trend looks like it will run smoothly for some time to come, but I think this will also be the same as the trend that has happened before, nothing lasts forever we just need to get used to it. Everything that happens in the crypto world and this Defi trend is actually an opportunity to move and seek profit. Get profit as much as you can. But this hype will be over soon. If you will examine most of these DeFi projects, they have nothing in it. No real application in the market as most of them are showing they are in beta. But wonder if they are really doing their developments. They are just selling their tokens in uniswap and once they got their funds, their project will disappear. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: tabas on September 23, 2020, 05:07:17 AM DRK coin traditional systems involve high transaction fees resulting from high costs due to low transaction speed and low throughput.Even simple applications can slow down the Ethereum based platform and increase transaction fees. DRK coin? What type of coin is that?With the scenario that we're looking at. The high costs for Ethereum/Gas fee is due to all of those transactions that's happening with defi and uniswap. The same as the ico days, the fees were very high and the same as the crypto kitties. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: pallang on September 26, 2020, 10:54:04 PM For the meantime defi is the favorite of traders but once bullrun started and bitcoin pumps, defi will be left behind. Defi are just like ico before.
Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: Ridwan Fauzi on September 27, 2020, 03:49:18 PM Smells a lot like 2018 doesn't it? There are two prediction atll least, one, this system will be develope because DeFi is offering many user and makes it easy for them to make all transactions truly anynomous that should really exist in crypto currency. Because now, we get used to use centralized exchange to facilitate that. And the second thing is yeah there are some similaties like 2017-2018 ago. The crypto currency sphere is developing time by time, there will be many people who will have a new feature/event to improve the old way. For the first time we know ICO, this event had given a lot of profit for the crypto user and also with IEO event who just take a little time. And now the new system came and has given a lot of profit as well for the investor. And seem like we will have the next event that will give a bad impact for the privious event. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: Deficraze on September 30, 2020, 09:24:44 PM Agreed! 2021 will be the year of DeFi.
Smells a lot like 2018 doesn't it? 2020 is really a different year for altcoins, IMO. It has really make wave. And this same year lots of people who own the coin called UNISWAP has turned billionaires and millionaires over night. Crypto is the future trust me. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: naureen978 on September 30, 2020, 09:39:41 PM Smells a lot like 2018 doesn't it? Bro DeFi season will be come back very soon because now more then hundreds of project adopting Defi. This is the big reason, Defi will be bullish very soon just wait and watch. As we can see many defi projects are performing awesome and people got unbelievable profit from it. In other words DeFi never die now it is a part of crypto market. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: dimonstration on September 30, 2020, 09:51:17 PM For the meantime defi is the favorite of traders but once bullrun started and bitcoin pumps, defi will be left behind. Defi are just like ico before. 2020 is for DeFi Projects we will know whether it will be alike with the ICO after a year or 2, when many projects started to dissolve in the market, for now DeFi just started to have some not so important project but before the projects involve were useful in the market like with ICO before only those project that have real meaning and use will remain. BTW, Once bitcoin pump some altcoins and DeFi can also pump like what happens in 2017 ICO Era. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: rodskee on October 02, 2020, 07:57:06 AM Smells a lot like 2018 doesn't it? I think this thread does not belong in"Market Place" .better transfer this to the right section in which the Altcoin Speculation that you can see here https://bitcointalk.org/index.php?board=224.0 sure this will be the same like altcoin season,after the pump everything will back to normal prices and some may continue falling. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: maldini on October 02, 2020, 02:32:22 PM I think DeFi venture is the new pattern which is more advertised than 2018 ICO,s or Altcoins rally. DeFI ventures are performing well indeed. But since if this promotion each task are transforming into DeFI. furthermore, much the same as ICO numerous tricksters are running trick DeFi venture. Extensive stretch of time simply like the customary financial framework has controlled back and keep up high level in money related undertakings. DeFi resources recorded by crypto resource information firm Messari, just three indicated positive value development throughout the most recent 30 days Hegic, CoTrader, and Uniswap.
Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: Iced on October 02, 2020, 02:36:33 PM It is just ICO hype 2.0 in my opinion, the future will tell us
Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: aarif123 on October 03, 2020, 04:42:16 AM I am not sure about it but I think this is possible nowadays in crypto market there is a high craze of defi every project is coming in the market has something for defi space recently uniswap has airdropped it's native token to it's old users which is worth around $1300 so I think more and more people are getting into crypto market just because of high fluctuations and I think after defi craze there will be another craze
Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: michellee on October 03, 2020, 07:49:55 AM I am not sure about it but I think this is possible nowadays in crypto market there is a high craze of defi every project is coming in the market has something for defi space recently uniswap has airdropped it's native token to it's old users which is worth around $1300 so I think more and more people are getting into crypto market just because of high fluctuations and I think after defi craze there will be another craze The DeFi trend comes to the crypto market and makes a noise among the traders. We can not deny that because many people can make a profit again after a long time. If the DeFi trend still continues until the next year, we will see many people will be able to recover their losses in 2017. But we still need to be careful and don't just follow other people's suggestions because we need to find the project to invest. Otherwise, we will not make a profit in the future.Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: mistercoin on October 03, 2020, 11:02:14 PM Doubtful. DeFI has already gained mass followings and shows long term potential. It's actually so popular right now, the ETH blockchain is as bad as Bitcoin used to be (fee wise). It might be the next big epoch in cryptocurrency and blockchain in general...
Now if we could just keep governments from meddling in our ecosystem.... Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: btc78 on October 04, 2020, 09:14:32 AM Doubtful. DeFI has already gained mass followings and shows long term potential. It's actually so popular right now, the ETH blockchain is as bad as Bitcoin used to be (fee wise). It might be the next big epoch in cryptocurrency and blockchain in general... we will see what is the future soon,looking at the projects connected to defi now has more scam accusation,this has been the same when ICO bump and when the altcoin season happens few years ago.Now if we could just keep governments from meddling in our ecosystem.... i know that Defi has many supporters but this is because the coins are pumping but not because they really trust the system. there are also many paid shill to push this so many will invest. It is just ICO hype 2.0 in my opinion, the future will tell us So before ETH 2.0 this Hype 2.o comes first?;lolTitle: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: Arkann on October 04, 2020, 10:30:18 AM In my opinion, ETH only benefits from the popularity of DeFi in the cryptocurrency market, despite the congestion of the network. Of course, the problem of scalability creates certain difficulties, but nevertheless, over time, this problem will be solved. In addition, the cost of the transaction has decreased slightly and is currently less than $ 1. Today, DeFi projects are mushrooming after rain and tensions are mounting. The main thing is that scammers do not bring global harm, since they are actively taking advantage of the moment of DeFi's popularity.
Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: carlisle1 on October 04, 2020, 10:51:49 AM DRK coin traditional systems involve high transaction fees resulting from high costs due to low transaction speed and low throughput.Even simple applications can slow down the Ethereum based platform and increase transaction fees. DRK coin? What type of coin is that?With the scenario that we're looking at. The high costs for Ethereum/Gas fee is due to all of those transactions that's happening with defi and uniswap. The same as the ico days, the fees were very high and the same as the crypto kitties. while others are crying because of their losses from their own stupidity of riding the train in the end of the line that the projects is coming to drop like what is happening now. In my opinion, ETH only benefits from the popularity of DeFi in the cryptocurrency market, despite the congestion of the network. Of course, the problem of scalability creates certain difficulties, but nevertheless, over time, this problem will be solved. In addition, the cost of the transaction has decreased slightly and is currently less than $ 1. Today, DeFi projects are mushrooming after rain and tensions are mounting. The main thing is that scammers do not bring global harm, since they are actively taking advantage of the moment of DeFi's popularity. the fees are dropping now doesn't they?the congestion is subsiding and transactions day by day is getting low.Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: naska21 on October 09, 2020, 12:49:05 PM Some of those DefI projects have minted lots of useless shit. People following the hype buy it with hope to sort it out later but that "later" may never come. Developers do "scam exit" and those who buy that shit end up with nothing. Therefore I think DeFi season can't be compared even with the alts one. It is much, much worse as at the end it may be in potential to torpedo the whole crypto not to mention alts themselves. Take ETH-based DeFi projects. They resulted in popping-eye gas increase which is not good for ETH itself as people move to other platforms.
Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: terrong on October 09, 2020, 10:02:22 PM Currently Defi project is really crazy, even YFI's value is far above BTC.
New Defi projects keep popping up every day, making eyes hurt to see it but trends are always changing, so it's not impossible if someday Defi will be forgotten. I personally have never invested in new Defi projects because judging the concept is too forced as if it is chasing a trend, and I'm afraid it won't be sustainable, I'm just trading to make a little profit from some Defi project Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: Mame89 on October 10, 2020, 06:39:51 AM Smells a lot like 2018 doesn't it? In line with my thinking that the current defi trend seems to really bring happiness to crypto users, previously the crypto world was asleep and maybe many investors left and didn't believe in the future of crypto, but the existence of this Defi trend can prove and awaken again about the future of cryptocurrency.Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: JeffBrad12 on October 13, 2020, 07:24:28 AM And the result was the defi trend is totally the same as altcoin seasons a few years ago and why? so many people were getting scammed caused by they were blindly buying any defi project without tryna to do deep research. After the defi trend becomes a new trend and there are a bunch of new scam defi projects that appeared. This is the same as when there are so many new scam icos in 2018 when the ico has become a popular model for fundraising method in 2017.
The pattern is the same. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: poshat on October 13, 2020, 06:01:43 PM Bitcoin scared of all, ICO scared of all, DEFI scared of all. Why? It's just some numbers in the wires
Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: FastSha on October 13, 2020, 08:37:44 PM Defi project like uniswap get great hype couse of its convinient way to change tokens so crypto starup no need listed on exchange. Its important pushing to crypto technology projects.
Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: rodskee on October 14, 2020, 07:22:32 AM Bitcoin scared of all, ICO scared of all, DEFI scared of all. Why? It's just some numbers in the wires You Got it 8)What would be the release that people here will love?everything that coming there is always a negative reactions. Yeah Bitcoin is the safest but there is nothing wrong in trying new one. Though personally i don't really support defi but not of anything bad just because i am late for investing (that is my Own Opinion ) Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: Bitstar_coin on October 14, 2020, 08:06:31 AM Bitcoin scared of all, ICO scared of all, DEFI scared of all. Why? It's just some numbers in the wires lol! because people like to make a mountain out of a small stone, imagine if there where no ico we won't have some of the amzing project we have now, project like eth, bnb, link etc are all born out of ico, same thing will happen in this defi period, even if there are many scam defi project there are still good few ones that came out, i think people are just too over exaggerate this defi trend, they say in every bad there is an atom of good. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: Rose119 on October 16, 2020, 10:09:45 PM Bitcoin scared of all, ICO scared of all, DEFI scared of all. Why? It's just some numbers in the wires lol! because people like to make a mountain out of a small stone, imagine if there where no ico we won't have some of the amzing project we have now, project like eth, bnb, link etc are all born out of ico, same thing will happen in this defi period, even if there are many scam defi project there are still good few ones that came out, i think people are just too over exaggerate this defi trend, they say in every bad there is an atom of good. It may depends on the Developer of the project, if they're hands on on their Project it will be succes and be more succesful like ETH or BNB, the team need to be serious for the future of any project for it to be succesful . there's is nothing wrong if we try new one but ofcourse we need to be careful everytime. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: Lycan70 on October 16, 2020, 11:58:06 PM The early birds already made a lot of profit with Defi. Let's see how far this Defi hype will go. I honestly invested some now with some Defi project. Just hoping to have a little bit of profit out of it. ;D
Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: imstillthebest on October 17, 2020, 08:11:16 AM Smells a lot like 2018 doesn't it? you already answered your own question because you said its only a season and seasons dont last long but is defi and altcoin ico are only a season ? i remember the altcoin ico did last a longer time more than a normal season but defi's , i cant tell yet because defi were just new but i am getting a clearer vision now , i see that defi's are now starting to lie low . i guess that the defi situation arent like altcoin and ico but defi are going to rest in peace earlier than it . Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: Ridwan Fauzi on October 17, 2020, 10:43:46 PM The early birds already made a lot of profit with Defi. Let's see how far this Defi hype will go. I honestly invested some now with some Defi project. Just hoping to have a little bit of profit out of it. ;D But honestly almost the DeFi project have plunged in price due to bitcoin price decreasing. I can't imagine how loss they are who bought YFI token at the all time high, they will loss a lot of money. DeFi project is booming when almost crypto currency prices especially bitcoin was in uptrend market. So, an important thing to note is you have to know the crypto currency market condition first before you invest in any coin/token or new project. Because that will make you get money and loss money. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: fmz89 on October 20, 2020, 02:20:32 PM defi seasong more similiar with alt lending + alt season, both of the combine with short term hype
basically most of ppl out there beyond crypto, defi more intersting rather than alt general cause their focus on incentives alt season in other stories, many dead project wil rise to surface again after btc hit new ath and attract more buyer and fresh money from outside and the times has come for alt to fluorish again ;D Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: MAAManda on October 21, 2020, 04:51:53 AM I think DeFi Phenomenon is like 2017 - 2018 of ICO Phenomenon, and i know this Phenomenon is just Phenomenon... :)
Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: bitterguy28 on October 21, 2020, 09:50:09 AM Smells a lot like 2018 doesn't it? actually we don't really know but the way it runs now?yeah there are similarities so the chance is always there .So if you are planning to Invest in Defi projet then better be ready in any case of Pumping and dumping for your own safeties Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: Rexler on October 24, 2020, 04:19:45 PM At the moment, I'm not so sure it's going to be another altcoin season, although a few months ago it looked like another altcoins season was finally here cus so many coins were just going up insanely all in the name of DeFi e.g YFI which syrocketed to $42,000 due to the DeFi hype, right now it's down to $13,000, the hype was too much, lately i no longer hear about it as much as I used to back then, I think the DeFi hype is dying slowly.
Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: aemma on December 25, 2020, 01:40:39 PM Well, if we are to look at everything critically it rather do look like that of ICO in 2018.
First, in 2018, there was a spike in the growth of ICO projects, and just as there were few that came with good ideas a whole lot of them came with scam ideas, thus one of the reasons ICOs failed; now correlating this to the DeFi, there was a spike in the number of them and as usual, a whole lot were just created to scam people while few were created to lead a positive change scenario, and currently with the way some of them are getting hacked, Defi is already losing its touch. Furthermore, people have started asking about the next trend while anticipating NFT to be the next; this is just as it was when ICO was dying, IEO was created and it took over, who knows NFT might be the next trend. Altcoin season on the other hand, didn't happen rather some altcoins with good use cases grew with Bitcoin this past weeks. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: Questat on December 25, 2020, 02:00:55 PM I honestly don't feel the De-Fi season, but if it really has happened, I don't think it's bigger than the altcoins season because altcoins season in 2017 was really huge, it made bitcoin's dominance to dropped, but now bitcoin's dominant is really stable and has increased to 68% compared to 35% + during the 2017 altcoins season.
Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: plr on December 25, 2020, 10:58:46 PM Smells a lot like 2018 doesn't it? It's already happening many DeFi projects are exposed and reported and many more DeFi project are launch there's really a big similarity between the two they are on the same path, many scammers are now into DeFi projects because they cannot scam through ICO anymore, so they turn their eyes to DeFi. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: newdevices on December 25, 2020, 11:48:39 PM altcoin season is not Defi season, Defi season is just hype and hype also has an end,
Defi is not influenced by Bitcoin holders this is the difference, if bitcoin holders have left Bitcoin then altcoin season comes, this is what is waiting for!. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: TheUltraElite on December 26, 2020, 08:18:37 AM I honestly don't feel the De-Fi season, but if it really has happened, I don't think it's bigger than the altcoins season because altcoins season in 2017 was really huge, it made bitcoin's dominance to dropped, but now bitcoin's dominant is really stable and has increased to 68% compared to 35% + during the 2017 altcoins season. This would be a good time to sell altcoins if you own any. The recent rise in bitcon price also drove the altcoins upwards but didnt quite sustain their price. Very soon they will drop before bitcoin if bitcoin fails to maintain this pumped price and tanks.Because a rise of this magnitude is difficult to keep on. Selling pressure builds up and sell orders will go thorough because some fools did buy at 20k in 2017 and they were waiting for this rise in price. Hence the craze of DeFi currently stopped a bit as people changed focus on bitcoin for now. You can get this idea also from the decrease in the forum threads about DeFi and increase in bitcoin price conspiracy theories/bullshit everywhere. Trust me, nobody really know why the price rose, all speculating. But it cooks up nice profits in leverage trading. :D Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: rodskee on December 26, 2020, 09:05:36 AM altcoin season is not Defi season, Defi season is just hype and hype also has an end, Defi season is now dying and no signs staying strong like what they started ,Imagine How strong they started that the whole market is shaken .Defi is not influenced by Bitcoin holders this is the difference, if bitcoin holders have left Bitcoin then altcoin season comes, this is what is waiting for!. Even Bitcoin Slowly affected but that only runs for a Month Because Market goes back and Make Defi projects Now slowly Dying. Expect next year they will be nothing lol. A Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: reza7777 on December 26, 2020, 10:35:53 PM This is exactly the same as the trend of ICO in the past and they will slowly disappear and no longer be trusted by many people
When bitcoin has a stable price which season for altcoins will come Defi season is not the season for altcoins Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: WalkerIVIV on December 27, 2020, 11:38:01 PM This is exactly the same as the trend of ICO in the past and they will slowly disappear and no longer be trusted by many people Do you think that ICO is not yet being trusted by a lot of people right now? You should open your eyes and visit some legit ico list site. There are bunch of legit icos released everyday to the market. When bitcoin has a stable price which season for altcoins will come Defi season is not the season for altcoins The ico traders are also still exist. Defi is not having a better fundamental like ICO. that's a bit strange to see that you are saying it before try to see the fact. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: coin_1122 on December 28, 2020, 07:12:38 AM This is exactly the same as the trend of ICO in the past and they will slowly disappear and no longer be trusted by many people When bitcoin has a stable price which season for altcoins will come Defi season is not the season for altcoins Defi season will help the altcoins to increase their prices easily, of course, now we are seeing completely upward trend for Bitcoin. Once the price of Bitcoin stables, it might help the most of the potential coin to recover their prices easily. So it is good to gather those low valued altcoin in the current situation. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: Questat on January 01, 2021, 02:33:23 PM This is exactly the same as the trend of ICO in the past and they will slowly disappear and no longer be trusted by many people When bitcoin has a stable price which season for altcoins will come Defi season is not the season for altcoins Defi season will help the altcoins to increase their prices easily, of course, now we are seeing completely upward trend for Bitcoin. Once the price of Bitcoin stables, it might help the most of the potential coin to recover their prices easily. So it is good to gather those low valued altcoin in the current situation. Defi season is only for few altcoins like ETH, majority of the altcoins will still suffer and we need some miracle to make them alive again. Now is bitcoin's time, it's making ATH after ATH and it leave altcoins to have a little room for growth as evidence by the growing dominant rate of bitcoin. Quote BTC Dominance: 70.4% That's it for now from 65%, means altcoins growth will be affected. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: TheUltraElite on January 07, 2021, 05:59:03 AM This is exactly the same as the trend of ICO in the past and they will slowly disappear and no longer be trusted by many people At least some ICOs had proper teams and a vision for development, putting aside the fact that majority of them were scams. Even them comparing with DeFi reveals that majority of these are copy pasted stablecoins and lending pools.When bitcoin has a stable price which season for altcoins will come The false promises of passive income and getting rich which were used to take away investors money still exist there and hence should be avoided. Quote Defi season is not the season for altcoins It is seeing a decline currently due to uprend on bitcoin price. I hope this hype grows down but knowing how these communities grow based on smoke and mirrors I doubt it will be stopping newbies from getting scammed again.Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: taunitsed on January 20, 2021, 10:08:59 PM it looks like it's much more controlled hype,than ICO period.. but i have a lot of concerns by the way - how do u think will be everything going on with defi? it feels like a lot of defi scams are coming out (((
Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: Oilacris on January 20, 2021, 10:32:52 PM it looks like it's much more controlled hype,than ICO period.. but i have a lot of concerns by the way - how do u think will be everything going on with defi? it feels like a lot of defi scams are coming out ((( Not actually a controlled hype but rather people are becoming smart nowadays where they didnt really let themselves involved too much on things which arent giving an assurance towards their investment.You can say that it is somewhat a controlled one because people didnt fall into the hype, yes there might be some but not really as bad compared into those ICO days that we had seen. ICO,IEO,DEFI, these are the things that we had experience when it comes to investment but among the 3, i do only see IEO would be worth but still a thing that you would need to risk out. Altcoin season? all will vary with the demand. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: Stedsm on January 20, 2021, 11:29:39 PM DeFi has a lot of fake as well as unwanted tokens, as only a few have some use case while 99% DeFi projects are scam to me. I've heard that some projects hold the potential to do even a 100x while others will suffer the pain of getting buried just like those altcoin projects that are now lost which were once holding a big share of the total crypto marketcap (back then) like Peercoin, Namecoin, Vertcoin, and so on.
Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: Wawa2013 on January 21, 2021, 12:47:06 AM As long as the project is of no clear use, it will end up scams, I agree that most of the DeFi projects in circulation today are scams. So be careful
if we want to invest in DeFi projects, for now I suggest if we want to invest in DeFi tokens. Choose DeFi tokens that are popular and have high volume, so it is safer for investment. I suggest investing in Chainlink is a good DeFi token for investment. Regarding DeFi projects, it will end as ICO projects seem to look the same. DeFi projects are only hype in 2020, entering 2021 the demand will decrease drastically. Investors prefer investing in top cryptos that have strong fundamentals, such as Bitcoin and Ethereum. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: BigBoy89 on January 21, 2021, 03:25:52 AM Smells a lot like 2018 doesn't it? It does. IMO the DeFi season will continue for at least another twelve months. EVerybody is staking anything possible with the hope to earn tokens that could have some real price. I'm not an exception :) Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: JeffBrad12 on January 21, 2021, 11:07:22 AM Smells a lot like 2018 doesn't it? It does. IMO the DeFi season will continue for at least another twelve months. EVerybody is staking anything possible with the hope to earn tokens that could have some real price. I'm not an exception :) As long as the bitcoin keeps bullish and both will be increasing at the same time. We have experienced that so many times dude and i guess people know it so well too. It's just a matter of time until we will see bitcoin enters the key point to get another big correction again. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: Questat on January 21, 2021, 10:44:54 PM Smells a lot like 2018 doesn't it? It does. IMO the DeFi season will continue for at least another twelve months. EVerybody is staking anything possible with the hope to earn tokens that could have some real price. I'm not an exception :) DeFi has some bloodbath today. https://coinmarketcap.com/defi/ That's because bitcoin is dumping currently, and it's affected, the future of DeFi may also rely on the performance of bitcoin, if there's a big correction that will happen, there's no doubt that DeFi projects will be heavily affected as well. We can tell that DeFi is already popular as they already have the list in CMC which currently they are at $27 B total marketcap, and that is huge I believe. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: BigBoy89 on January 22, 2021, 03:32:26 AM Smells a lot like 2018 doesn't it? It does. IMO the DeFi season will continue for at least another twelve months. EVerybody is staking anything possible with the hope to earn tokens that could have some real price. I'm not an exception :) DeFi has some bloodbath today. https://coinmarketcap.com/defi/ That's because bitcoin is dumping currently, and it's affected, the future of DeFi may also rely on the performance of bitcoin, if there's a big correction that will happen, there's no doubt that DeFi projects will be heavily affected as well. We can tell that DeFi is already popular as they already have the list in CMC which currently they are at $27 B total marketcap, and that is huge I believe. Today was a bloodbath for all, starting with Bitcoin. And alts, of course, to not miss anything, were deep-diving too. But I think we reached the bottom (for now) an hour ago. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: taunitsed on January 22, 2021, 04:22:31 AM it looks like it's much more controlled hype,than ICO period.. but i have a lot of concerns by the way - how do u think will be everything going on with defi? it feels like a lot of defi scams are coming out ((( yes for sure, market is growing and hyping so i also see a lot of strange defi concepts(( but still, i pay my attention to the interesting and credible dex projects, with nice liquidity partnersTitle: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: Questat on January 22, 2021, 09:36:12 AM Smells a lot like 2018 doesn't it? It does. IMO the DeFi season will continue for at least another twelve months. EVerybody is staking anything possible with the hope to earn tokens that could have some real price. I'm not an exception :) DeFi has some bloodbath today. https://coinmarketcap.com/defi/ That's because bitcoin is dumping currently, and it's affected, the future of DeFi may also rely on the performance of bitcoin, if there's a big correction that will happen, there's no doubt that DeFi projects will be heavily affected as well. We can tell that DeFi is already popular as they already have the list in CMC which currently they are at $27 B total marketcap, and that is huge I believe. Today was a bloodbath for all, starting with Bitcoin. And alts, of course, to not miss anything, were deep-diving too. But I think we reached the bottom (for now) an hour ago. Let's see what's next, I don't think it's already the bottom, correction does not only happen in just one day, it sometimes resulted to a long bear market like in the past, bullish people will not be convince that a correction has started, they'll think it's just a minor shake up and price will eventually rise again. Total marketcap have also dive below $900 billion, it's still too early to say but I have a feeling the correction is over. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: shoreno on January 22, 2021, 09:56:36 AM it looks like it's much more controlled hype,than ICO period.. but i have a lot of concerns by the way - how do u think will be everything going on with defi? it feels like a lot of defi scams are coming out ((( i thought it was controlled and then you feel scams are too much ? lol . if scams are too much , that simply means that defi is not different to ico/alt and other seasons .given that its like them , itll also end like them . now if your a defi investor and if you have already have some defi in you or planning to invest more , you may know think in advance , think about what happened in the past so that you can decide quickly if whats the best you can do to earn somehow and not to get losses . Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: bluebit25 on January 22, 2021, 10:14:04 AM I find it not uncommon if you've been through that stage, the market right now I think it's like an ICO is over. We see a new DeFi trend in 2020 and it has driven and attracted more people to this market, I see the same size re-iterating and alt season is coming. But is it too humble to look at the value of crypto, I think people expect more than that, and confidence in what has happened will be the basis for us to hope for the upcoming boom.
Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: sophwest on January 22, 2021, 10:44:32 AM it looks like it's much more controlled hype,than ICO period.. but i have a lot of concerns by the way - how do u think will be everything going on with defi? it feels like a lot of defi scams are coming out ((( yes for sure, market is growing and hyping so i also see a lot of strange defi concepts(( but still, i pay my attention to the interesting and credible dex projects, with nice liquidity partnersTitle: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: Severine on January 22, 2021, 01:04:40 PM After two despairing years, and showing plenty of promise in the summer, Bitcoin still stole the show, towards the end of 2020 but some analysts forecast that the beginning of 2021 belongs to altcoins.
Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: leea-1334 on January 22, 2021, 02:36:52 PM yes for sure, market is growing and hyping so i also see a lot of strange defi concepts(( but still, i pay my attention to the interesting and credible dex projects, with nice liquidity partners Currently some markets are not growing, but it is not predictable even though some of the Dex projects are still holding good positions and some strange defi concepts are still holding out in their current conditions.DEX really relies so so much on people using it and continuing to like it. The chicken and egg problem persists in DEX: people do not use it because there is too little liquidity, and there is too little liquidity because people do not use it. So I feel like people must have other advantages for using Dex,,, maybe this is the future of DEX being a part of some other main utility. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: bitkanu on January 22, 2021, 03:42:04 PM it looks like it's much more controlled hype,than ICO period.. but i have a lot of concerns by the way - how do u think will be everything going on with defi? it feels like a lot of defi scams are coming out ((( So many scam defi is coming to the crypto but investors have become even smarter than before consider the investors are also doing so many analyzations before try to invest in a project. There are still lots of legit defi project and you should not feel worried about that dude. People will always try to dig the information about the new defi. That will help people to avoid the scam defi. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: cabron on January 22, 2021, 04:27:32 PM it looks like it's much more controlled hype,than ICO period.. but i have a lot of concerns by the way - how do u think will be everything going on with defi? it feels like a lot of defi scams are coming out ((( So many scam defi is coming to the crypto but investors have become even smarter than before consider the investors are also doing so many analyzations before try to invest in a project. There are still lots of legit defi project and you should not feel worried about that dude. People will always try to dig the information about the new defi. That will help people to avoid the scam defi. There are few defi projects that end up to have a good price and volume like the ones we recently just see suchas DIA AND POOLZ I have not invested to any but there are bounty hunters I have read on telegram channels praising the projects. The scams however are more than the number of legit defi project. Its alarming but its bringing bullrun still. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: meldrio1 on January 22, 2021, 07:18:03 PM Well nope it was not like the altcoin season before that almost all the altcoins in the market were pumping even the shitcoins. Only few DeFi tokens were increasing so I can not tell the same as alt season in 2017 - 2018. Sometimes I doubt of the DeFi tokens because of low supply it can easily to manipulate it, they can pump and dump.
Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: dimonstration on January 22, 2021, 07:23:35 PM Well nope it was not like the altcoin season before that almost all the altcoins in the market were pumping even the shitcoins. Only few DeFi tokens were increasing so I can not tell the same as alt season in 2017 - 2018. Sometimes I doubt of the DeFi tokens because of low supply it can easily to manipulate it, they can pump and dump. Pump now ill only depends on the project quality. Investors were smarter now to choose where to invest unlike before that many thinks that once it's a crypto it have a potential, now we already learned that only few really can keep their project and have real goal. DeFi can still pump provided it's development or developers still gives update or provide unique ideas on it. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: SlimShadyMmp on January 22, 2021, 11:10:57 PM Defimania in August was really the highlight of the day until things really changed and now basically is a bull run which if you will ask me I will say is just about to start for alts
Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: SirLancelot on January 23, 2021, 07:43:09 AM It is obvious that Defi can't go even further up than what it has done all because ETH gas fee is a lot. I for example had a token that I invested during presale and now I can't sell it because ETH is too crowded, it costs over 20-30 dollars just to get it out and I am not rich enough to invest 300-400+ dollars to make it worth while, which is why I am going to just keep it unfortunately, if one day eth fee finally goes down we could do a better.
Sure there are other chains but they are not used as much as ETH is used. Which means the moment you can swap without paying 40+ dollars, that would be a great period and defi will have a huge increase, think about swaping for under 1 dollars and paying 10 cents for eth transactions, if that ever happens (at this point I doubt it) that means we could do a lot better in the future and prices of defi will increase a lot. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: cryptonx on January 24, 2021, 09:41:49 AM Defimania in August was really the highlight of the day until things really changed and now basically is a bull run which if you will ask me I will say is just about to start for alts if the bull on altcoins is just about to start like your words above, seems defi project is a part of altcoins wich mean i believe the second waves of defi will coming together with altseason Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: Congyang on January 25, 2021, 03:20:06 PM deFI season actually has a positive impact on cryptocurrency, but we don't know how long the concept of deFI will last in crypto. because in my opinion if the concept of deFI lasts a long time in crypto, of course it will make the deFI token even better than crypto. so the defining of the deFI concept can be seen in the next 1 year
Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: redsun114 on January 25, 2021, 04:15:13 PM It is obvious that Defi can't go even further up than what it has done all because ETH gas fee is a lot. I for example had a token that I invested during presale and now I can't sell it because ETH is too crowded, it costs over 20-30 dollars just to get it out and I am not rich enough to invest 300-400+ dollars to make it worth while, which is why I am going to just keep it unfortunately, if one day eth fee finally goes down we could do a better. I think there are two solutions to what you are talking about that will make defi once again bigger than regular centralized organizations.Sure there are other chains but they are not used as much as ETH is used. Which means the moment you can swap without paying 40+ dollars, that would be a great period and defi will have a huge increase, think about swaping for under 1 dollars and paying 10 cents for eth transactions, if that ever happens (at this point I doubt it) that means we could do a lot better in the future and prices of defi will increase a lot. One of them is to drop the price of ethereum costs, which will happen because miners are being a baby right now, they want their money and they want to make superb amount of profit from their gpu's without working, but that is not going to happen, the with EIP 1559 which they are complaining about, the extra fee will be cut, and it will be a lot better that way, we are going to see miners make less profit while transaction fee becoming lower and lower. Secondly ETH will go towards proof of stake, which means you just need to arrange the blocks sizes and speed and so forth type of things and you will suddenly have a lot faster transactions without needing miners at all, it will be automatic. Lastly, all those other chains could get famous and bigger as well, that is another option, if ETH stays bad, other chains will get attention and get bigger. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: KennyR on January 25, 2021, 04:18:16 PM We haven't encountered a DEFI season same as the altcoin bull run. When the altcoin bull run took place, the market isn't mature as well as people aren't aware of the market. By the time ICO projects were in the hype and that caused even the projects without real-time usage reach ath in very short time period after the launch.
With the present market people are aware, as well as have good learning about the changes happening with the market with new forms of investments and projects. Among the entire list of DEFI projects very few are successful, and that makes people not to prioritise DEFI and pump the market. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: target on January 25, 2021, 05:32:19 PM When the rest of us are just skeptical that DEFi tokens are just hyped, they tend not to invest in it till it's almost late. It's only now that they bet their bottom dollar to go into Defi. You can already see how much some Defi tokens had grown from a cent to $0.10. But it's best to diversify your portfolio because all these could just be dumped and all the altcoins that you previously dumped will soon leap up. The altcoin season is just not predictable next week we could even see BTC drop below $30k who knows and then altcoins will follow of course. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: Arkann on February 17, 2021, 02:46:44 PM I also hold the same opinion that the current hype associated with DeFi projects is very much reminiscent of the hype around ico in 2016 - 2017 will, which subsequently caused the collapse of the cryptocurrency market in 2018. But I believe that the difference between these two periods is precisely that today, investors are already taking into account the negative experience of 2018, and they are more sensible in the choice of projects for investment and, I hope, they, too, are primarily driven by personal analysis, and not the excitement and greed, as in previous years.
Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: MonaLeeTracy on February 17, 2021, 03:21:36 PM deFI season actually has a positive impact on cryptocurrency, but we don't know how long the concept of deFI will last in crypto. because in my opinion if the concept of deFI lasts a long time in crypto, of course it will make the deFI token even better than crypto. so the defining of the deFI concept can be seen in the next 1 year I think this trend will continue until a new concept is successful. remember in the past there were so many with the same pattern as Defi where the initial hype was quite large and after that the price experienced a correction due to a new trend change. My advice if you are interested in defi must be really more selective in choosing and MM you must really pay attention to a decline in pricesTitle: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: republicrypto on February 17, 2021, 08:21:00 PM Smells a lot like 2018 doesn't it? now you can see if the defi season was different with altcoins season in 2018 right ? even i think the defi season is one from many factors that make the altseason come back for this time regards Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: ElaineGanda on February 17, 2021, 08:36:48 PM Nope. I'm still not convinced with the "DeFi season". A lot of people here in forum considers Defi projects are the future scam projects in crypto market. I'm not yet really sure why they said that but it has something to do with the credibility and effectivity of those projects.
Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: TheUltraElite on February 22, 2021, 05:12:37 AM Nope. I'm still not convinced with the "DeFi season". A lot of people here in forum considers Defi projects are the future scam projects in crypto market. I'm not yet really sure why they said that but it has something to do with the credibility and effectivity of those projects. You are right to be not convinced about these words. In fact defi season has not started but ended. The influx of scam projects into defi using the name of defi shows that the peak has been crossed and now it has gone into scammer domain. Only the first few projects were what profitable and worth buying. Currently the focus has shifted to doge and bitcoin with celebs pumping them like anything. This will change but defi is probably going to decline for now. Sadly enough the proper defi projects like bitrefill never got any traction. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: Japinat on February 22, 2021, 12:22:23 PM Nope. I'm still not convinced with the "DeFi season". A lot of people here in forum considers Defi projects are the future scam projects in crypto market. I'm not yet really sure why they said that but it has something to do with the credibility and effectivity of those projects. Altcoin season is just too huge compared to DeFi season but I don't agree that DeFi projects are scams, maybe some are scams but not every project, just like altcoin where majority are scams but we still love to invest on altcoins, let's be fair and objective with our comments. Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: Stedsm on February 22, 2021, 12:47:47 PM TBH, a DeFi is just one hack away from getting all their project funds compromised and this has been proven through YFI's recent hack and even hacks on BZRX. I believe that while the waves are coming in, it's better to just silently keep riding them without the need to call the bearish days now. Let the FOMO continue! ;)
Title: Re: Do you think DeFi season is going to be just like Altcoin season? Post by: 777Jolami on February 22, 2021, 01:59:23 PM After two despairing years, and showing plenty of promise in the summer, Bitcoin still stole the show, towards the end of 2020 but some analysts forecast that the beginning of 2021 belongs to altcoins. Humnn. If bitcoin fails to take the first step onstage, then surely no subject alt has the same test certificates we are seeing. Although, the general situation dictates the degree of importance since covid19 created a spillover to the financial and banking sectors ... That created an impetus for altcoins to come earlier. Defi, staking, NFT, lending ... are soaring. 2021-2025 predicts a lot of new alternative trends can lead. |